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  #1  
Old 08-27-2012, 06:43 PM
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Popoemt Popoemt is offline
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Lease versus Purchase

Okay, this may be a dumb question, but what is the difference between leasing and buying? I have never been one to lease a vehicle, but I see so many people claiming the bennies to lease verse purchase (especially for BMW's?), talking to the wife, I drive a lot each year (20-25k year), which I understand is a no-no for leasing, but even at leasing it's like buying a new car every six years with the down payments and monthly payment. So the question is how is it an improvement over buying? And if I own my own business is it better to lease (tax purposes) or buy?

This probably seems like a retardedly silly topic, so sorry ahead of time!
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  #2  
Old 08-27-2012, 09:17 PM
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  #3  
Old 08-28-2012, 02:55 AM
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BMW sometimes has lease offers that work out to large discounts compared to purchase finance. At 25,000 miles a year you are probably better off with purchase finance but it depends on the deal.

The word lease means a different thing in the UK than it does in the US.

For the rest, try this link:


http://lmgtfy.com/?q=lease+vs.+buy+car
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Old 08-28-2012, 10:16 AM
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Popoemt Popoemt is offline
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Quote:
Originally Posted by Andrew*Debbie View Post
BMW sometimes has lease offers that work out to large discounts compared to purchase finance. At 25,000 miles a year you are probably better off with purchase finance but it depends on the deal.

The word lease means a different thing in the UK than it does in the US.

For the rest, try this link:


http://lmgtfy.com/?q=lease+vs.+buy+car
Thats what I thought, I have seen a lot of "lease" a BMW on the forums, so I was curious why there are more leases done, thanks for the info, V/r, Tim.
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