Quote:
Originally Posted by Pdemarco
I’m looking at an m240i without Xdrive in the current market. Shocker nothings changed. I had a creative idea to lease that I thought made a ton of sense but please if anyone could chime in, would be greatly helpful
I’m a recent college grad, making good money for my lifestyle (100k gross) and still living at home until rates come down. After a couple years of saving. I’m thinking about treating myself but wanted to do it the most efficient way possible.
What if I am able to roughly $15,000 down on a 2.5 yr lease. Payments would roughly be $500/month. After 2.5 years my intent would be to buy the vehicle outright after the lease is up and sell the car or if the dealer can buy it back early, even better. (Residual Values in low 30’s?)
My thought process here is that if I only have to spend $30,000 in 2.5 years. I’m almost sure, assuming good condition that I can see the car for more than that. Am I on the right track? Or is this a horrible idea?
Any advice would be much appreciated, thanks!
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I personally think this is a horrible idea. Any money put down on a lease will be lost in the event of the car being totaled. Insurance does not pay you out for that money. I also tell everyone I know, leasing with the intent to buy is the worst way to buy a car unless you are doing it through a business for a write off. You will certainly end up paying the most for the car doing it this way. There is no such thing as a good lease on a 2 series right now. Don't forget when you want to buyout a car you have to factor in the rest of the sales tax that wasn't covered in your lease. And when your lease ends the car market will almost certainly be well on its way down, I would not plan on making any money on this car doing it that way or any way for that matter. Unfortunately the 2 series is not a car that does well with depreciation.