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- Jun 17, 2006
Damn, that 535i up there looks sick
The blue whip?
Thats a 2 series...
bruh...
That's a 2 Series?! Whoops. Looks sick nonetheless.
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Damn, that 535i up there looks sick
The blue whip?
Thats a 2 series...
bruh...
^^^^ Agreed.. with leasing the bank is taking all the risks regarding residual value.. when you finance you take on that risk.On the whole leasing v financing debate, I'm gonna copy something from another forum...
"Leasing is really just another form of finance but it has more options... I just thought that it might be interesting to get another perspective.
With a lease you make your payments over three years and at the end you have three options; all driven by the residual (buyout price at the end of the lease). 1 - sell the car to a 3rd party and pocket the profit (do this if the residual is lower than the value of the car). 2 - buyout the car and keep for yourself (do this if the residual is lower than the value of the car or you simply want to own the car). 3 - turn it in and walk away (do this if the residual is higher than market price, or you got in an accident and don't want to keep the car).
With a loan (would need to be 7+ years to have a similar payment) you make your payments for three years and are still left with a loan outstanding. No different than the residual amount in a lease. The only difference is that you don't have the option to hand the keys back! A lease actually gives you more options.
For those that are concerned about going over mileage... You have the same issue on a purchase. Higher mileage will reduce the value of the car. You may be upside down on your loan due to the higher mileage. With a lease they make you pay for the lost value due to higher mileage (if you turn in the car and walk away). You still have the option to buyout the lease and refinance with a loan at the end. With a loan you either pay for the loss in value when you sell it or continue to pay on your loan... I don't see a ton of difference there - except that with a lease you can more easily just hand back the keys.
With a lease you can buy it out at any time. You are not trapped in a lease. The buyout amount is no different than a loan outstanding. You need to pay off your loan to sell your car. You have to pay off your lease if you lease the car. "
if you want the lowest rate, email my dude David Aviles [email protected]
He can get you the cheapest price and is an enthusiast as well. He got me into my M.
If you don't own it, then it's not your asset
^^^^ Agreed.. with leasing the bank is taking all the risks regarding residual value.. when you finance you take on that risk.