Quote:
Originally Posted by HerkHealer
I'm not sure how leases work. Never had one. But I think you have to put down a chunk of cash at signing ? And from what I understand you have limited mileage, have to turn the car back in with good tires, no damage, etc....
For a 75k car, you could get a 72 month loan for the same price you're paying now and own it. And if you had to put down money at signing for a lease, you could do the same on a loan and drop down to 60 months at the same price.
I guess the advantage of a lease is you get a new car every 2 or 3 years, but i keep my cars for a long time so it just doesnt work for me.
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Same. Never leased either nor rented. We negotiated 9% off MSRP and financed through BMWFS @ .9% for 5 years.