Originally Posted by whoopy-do

my current one is leased and the new one comming is personal,

i think that it really does depend on the spec which you choose, leasing is a good option if you dont want to stump up the huge deposit for the vehicle or your looking at loosing it within a business but in doing that the personal tax implications are quite high in the uk.

most lease companies in the UK are offering the X5 at very resionable rates as long as the vehical is relitivly standard, ie leather media pack and metalic, once you start adding the extras over and above that the price snowballs as they just add the option to the lease price and divide it down by the term.. in most cases the deals are currently on the 6+23 option ie 6 payments down and 23 payments over 2 years

i have found the x5 for as little as £510 a month (in a standard form) once i added my spec to this that figure rose to £920 per month over 2 years so doing the math that would work out to a total value of nearly £26,680 (including the 6 payments) over the 2 year term..

after looking at that i seen there was no way the car would depreciate that amount over the 2 years! i think the depreciation will be somewhere in the reagion of 14k ...so in purchasing the vehicle i saw i could have quite a good spec for less money than the leasing company wanted for a basic model.

this is the reason i chose personal this time around ...if it was a 5 year old design the leasing would be a much better option...

Im not sure of the business tax implications in the US and other countires but here it becomming silly !