View Single Post
  #60  
Old 01-26-2012, 11:13 AM
bcl0328 bcl0328 is offline
Officially Welcomed to the 'Fest
Location: Abingdon, MD
 
Join Date: Jan 2012
Posts: 161
Mein Auto: 2012 328i
Quote:
Originally Posted by Robert A View Post
Perhaps a lot of folks lease because they like the payment.

That said, for long-term buyers, it also makes sense to lease with an eventual plan to purchase. There are two reasons behind this logic: 1) If the car turns out to be a dud or you wreak it, you can unload it at the end of the lease and 2) if the car is worth less than the residual, you can often negotiate a lower buyout price -- effectively giving you another bite at the apple. The downside to the lease is that the cost of money (the effective APR) is often a little higher.
so if you wreck or damage the car in any way you don't have to fix or pay for it if it's leased?
Reply With Quote