|
BMW thinks these things will depreciate 40% over 3 years on a lease or at least that's how they are priced. I would guess they will depreciate a little more than that and possibly even 50%. Throw in the full tax on a purchase vs tax on lease portion only in most states (10% tax in WA is not trivial) and buying one outright makes even less sense if you swap cars every 3-4 years. Additionally, with discounts flying around anywhere from 4-15% off, if you end up purchasing at the lower discount end you'll really be behind the numbers game in 3 years.
No way around it, these are depreciating assets and are poor financial choices no matter how you look at it. If we really cared deeply about that we would all buy cheap Hondas instead. However, I won't drive an econobox so I'm leasing this BMW.
|