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Let me get this straight (archive)

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Posted by Carl B on October 23, 2000 at 12:17:54:

In Reply to: Your wrong on every point- no offense. posted by JoeZaf on October 23, 2000 at 10:39:44:

I should agree that leasing is superior to purchasing. This way I can come cry along on this MB every week on how bad I'm being treated as a leasee.

On your points:

First of all, I had to sell the car because the owner is moving out of the country.

No, the owner of the car is BMWFS. I'm fairly certain they are not leaving the country. I thought you were the leasee. If not, no wonder BMWFS got the paperwork screwed up.

First of all, the dealership had nothing to do with this error.

I didn't mean to imply that. Just that you are buying a selling a car to make a profit. Basically what a car dealer does. When BMWFS screws up, dealers have to deal with it.

First of all, BMW is contractually bound to sell me the car at any time I so request during the term of the lease, so, while BMW may "own" the car, I have an option contract which I, exclusively, can exercise at any given time.

I understand that. Until you purchase the car, BMW owns it. It's that simple.

I have no idea what this means or what you are accusing me of. I can assume you are stating that I was a badboy for leasing a vehicle and then exercising my option to purchase it. Well, shame on me.

All I meant was that you appear to be buying a leased car to immediately sell it for profit. More or less acting like a car dealer. So you hit a paperwork snag, deal with it. Car dealer's do all the time, it's part of the cost of doing business.

I agree that arguing with you the merits of leasing vs buying does seem pointless. Just remember, figures don't lie but liars can figure. Add up the full cost and compare apples to apples. Don't just look at payment, residual and MSRP. Next time you get a new car negotiate the best cash price first, then calculate the lease. I think you may be surprised to find that leasing isn't as good a deal as you thought.

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