Leasing vs. Buying

[RLee371]

Hello all,

I ordered a 4.8 X5 about 5 weeks ago and am waiting for it to arrive. My initial thoughts were to lease the car, I have never leased a car, but I typically sell within 2.5-3.5 years after having a car. I was quoted a lease price of 1103/mth for 36 months with 12,000 miles a year. The MSRP on the vehicle is 71,672, Sport, Tech, Active Seat, Premium Pkgs, Premium sound, ipod, extended sunroof, sport wheels, Heated Seats, HUD, Sat Radio. The residual after 3 years on the vehicle is $41,200. I am located in the South Central part of the United States. Is this a good lease rate. With all the time I have had to sit here and think about leasing vs. buying while I wait for the car, I am beginning to have second thoughts about buying. Please give me some opinions on if I am getting a good lease rate, if the residual will be higher or lower than private party/dealer trade in price in 3 years, or if I should just buy the car and plan on selling in 3 years, while saving more a considerable amount of money if I had leased.



Thank you for your posts.