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  #18  
Old 01-24-2012, 07:53 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
But if you buy you may have $650.00 payments and a car worth 50% of what you pd plus potentially expensive repairs after 3 years. And you've paid out $31,000!
This may say it better (using a decently equipped 2012 328)

Lease $550 - 48 months - spent: $$26,400

Net spent: $26,400

Purchase - Spent $42,000

Value after four years: $24,000 (based on 50% depreciation)

Repairs and Maintenance (thus far) - all paid by BMW

So after four years I am now sitting with a car that I have spent $24,000 on and I have equity of $24,000. Under leasing - even if your payments only equalled $24,000 - after four years you have nothing!
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