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Originally Posted by MD4.6
I personally don't believe in financing things that depreciate but if you must I think buying is better if you plan to keep the car longer - lease if you only plan on keeping the car a couple years. jmo
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I completely 100% agree with MD4.6's statement!
I use to buy all my cars, but I have found the benefits of leasing much more appealing lately. I can write off my leasing expenses through my business. I can return the car after the warranty period, so avoiding additional repair expenses. I like driving new cars, so this provides me with the mechanism to do so. I have modified lease cars, then took off the parts before returning the car, and sold the parts on Ebay.
That being said, I purchased the X5 because I took advantage of the Sect 19 deductions last year. I will average 17,000 miles per year on this, so the excess mileage will be very expensive, and I plan to own this car for a long time. So it made more sense for me to buy it.