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Treat yourself
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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