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Old 01-24-2012, 05:17 PM
Michael Schott Michael Schott is offline
Location: Farmington Hills, MI
Join Date: Dec 2007
Posts: 6,612
Mein Auto: 2017 VW GTI Sport MT
Originally Posted by palermo22 View Post
I understand the concept of leasing - I was just trying to determine why so many people on here are talking about leasing (as opposed to buying - especially with the low interest rates out today). I have always thought of leasing as renting: at the end of the rent period you have nothing to show for what you spent. Of course, I understand when you're young it may become the sole option for getting into a BMW (or other expensive car).
Leasing is like renting no doubt but many of us prefer it for a few reasons. It's still much less expensive due to the residuals and relatively low money factors. Also, it allows you to get a brand new car every 3 years and avoid BMW's pricey maintenance. The negative and for some this is huge, is the lack of equity.