07-20-2012, 11:07 PM
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#2 (permalink)
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Base Member
Join Date: Jul 2012
Location: Morgan Hill, CA
Posts: 14
Drives: 2016 BMW 340i Auto
Rep Power: 15
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Quote:
Originally Posted by dP3NGU1N
My post was too late... guess I'm the douchebag now... -.-
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Nah not a douchebag.
Leases are not a bad deal for pricier cars that you may not be able to afford. I can guarantee you that a good majority of the luxury or 'exotic' cars you see on the road weren't purchased. If you can get a good leasing deal with a good buyout price at the end of the lease, then it's not a terrible thing...just need to understand the math.
For me, aside from the changes I mentioned in the next few years...I'm not ok with putting money into something that continually depreciates with time and never builds equity. Sure, you can add on to it with mods and such to give it some added value, but in the end you'll never recoup the full cost you put into the car. And then as it ages, an older car will kill your savings account.
With leasing, while essentially a rental, I'm spending about half the cost of the car to drive it for half the time before it's really down in value (6 years).
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