Originally Posted by shoei
more or less, yes... it's actually a 36 month lease though... but still, say you pick up a 2010, after three years your residual is roughly $36-$38k, if you took care of your car, the miles aren't ridiculous, and depending on the options that you have on your car, you could in theory, turn around and sell the M before lease end, and depending on where you live, and depending on the state of the economy, you should be able to pocket some cash... used 08's are going around 50K right now, give or take a couple of thousand...
this was more of a sure thing before the economy took a nosedive...
Yeah around $50K right now (some are $45-47K) which means in another year they will be $36-38K or perhaps $40K if you're lucky. You have a buyout at $38K and say you can get $40K for it...so you get $2K. But you just paid $200/mo higher for 36 months --- I was no math major but I think that is $7,200 more that you just paid in lease payment for 36 months. And that's NOT COUNTING a dime's worth of interest that you could have earned on that money for 36 months. RESIDUALS MEAN EVERYTHING.