Finance vs. Lease vs. BMW Select

[stlcity]

Originally Posted by iMpower

I am still researching the topic and looking at the pros and cons of leasing vs. financing.

Will have to go to the dealer and talk to their financial department.

Looking at the payment difference:

Lease for 36mo at 15,000 mi - $1,704/month

Finance for 60mo at 3.9% - $1,890/month

BMW Select for 36mo - $1,684/month

BMW Select for 60mo - $1,391/month

I'm still not quite sold on the BMW Select idea and will have to talk to the dealer about it.

Looking at the payment difference for the lease vs. finance it's roughly $200 difference a month, so I don't really think it's a valid reason/excuse to lease the car to "save some money". Anybody who can pay $1,700/month can certainly pay $1,900/month, and I don't think it'd be a deciding factor for them.

I'm definitely still undecided on the route to go, as I can't see a clear advantage of one over the other.

I was confused too when I went ahead with the deal. Leasing might not offer too much of advantage interms of monthly payments.

The problem though is if u get unlucky after the warranty is done: u will be responsible for expensive out of pocket repairs. With the lease: U can drop it off at the dealer and wash your hands off....Other advantage is U can drive a new car every 3years.

That being said I bought the truck because I was off the same mindset as U: always owned and drove cars until they would not drive anymore. That attitude is fine I guess when it comes to most Japnese cars since maintainance wont cost much. With the German ones: its another story....

Now looking back: I think I would have probably leased it if I have to do it over.

Only other aspect to think off is: if U are the sort of person that likes to mod the car with aftermarket stuff, buying maybe a better option??