View Single Post
      04-27-2010, 12:06 AM   #6
Shiftinggearz
Member at Large. Probably Driving Aimlessly
United_States
14
Rep
170
Posts

Drives: 2010 X5 M PKG & 2010 650 VERT
Join Date: Mar 2010
Location: Los Angeles CA

iTrader: (0)

Garage List
2010 650 I Vert  [0.00]
2010 X5  [0.00]
I too was in the very same quandry as yourself. I decided to lease for a few reasons:

1. The depreciation of the car is pretty substantial, and I didnt feel like taking that hit.

2. It is a business expense, so i can write almost all of it off through my company (which if you can do this alone is most probably worth leasing).

3. You can always purchase the car at the end of the lease or trade it for the new upcoming model. It gives you a nice option

4. It requires less money initially, and the money you arent putting down can work a little for you, even though in this day it isnt working that much, but at least it is something.

I myself am doing drive offs and that is it. There is absolutely no sense in doing more. You are just wasting money to get a payment which is not that much less per month anyway.

Definitely something to ponder. Hope it helps.
Appreciate 0