Lease vs Purchase

[grover432]

With the current reduced residuals on 3 year leases (in Canada anyway), how many of you are purchasing vs leasing (or vice versa).

I had considered purchasing a diesel X5 outright, but am wondering whether I might be smart to lease while we watch where the value of SUV/SAV's are going. If the vehicle is reliable, I'd drive it for 5 - 6 years.

It would be less expensive to purchase outright in that case, but if diesel and gas continue to climb like they did last summer, I might end up owning a paperweight when it comes to trade in time as people holding large thirsty SUV's/Trucks are finding now.

Any thoughts?