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Old 01-24-2012, 05:55 PM
palermo22 palermo22 is offline
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Location: California Central Coast
 
Join Date: Jan 2012
Posts: 83
Mein Auto: Lexus IS 250
Quote:
Originally Posted by Michael Schott View Post
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.
Yes, I would imagine that would be huge: making $500+ payments for four years = $24,000+ and at the end of that period you have no equity.
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