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Equation depends on use/miles. If you have great credit and do a lot of miles (as we do here) then buy > lease.
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Just thinking of something not so witty
///M3 E92 '09 Jerez Black | 6MT | Ext Fox Red | Tech | Prem | 19s |Heated Seats | iPod |Smartphone | Euro Deliv June 09
Sold: 540iT / 530i / 323i |