Lease or Buy
Asked by Penni8 Apr 10, 2017 at 02:44 PM about the 2014 BMW 3 Series 328i Sedan RWD
Question type: Shopping & Pricing
It appears to me that if I leased a car with $10,000 down, at 200 a month
for 3 years, and chose to do the same with 2 more cars each time the cars
lease is up, I'm paying $103,200 to lease a (3) car for 9 years.
Example: I can buy a $30,000 car and even if in 9 years I have $10,000
worth of work done on it, it's still cheaper to buy.
Your thoughts please
4 Answers
You are wise to crunch the numbers. Leasing can work if you don't drive much and can keep the car in pristine condition.
Best for me might not be so good for you. It all depends on your needs. If you don't know how to calculate the costs an accountant might be able to help you out.
I'm a guy that likes to drive a fairly new car, so I lease. Always covered by warranty (no worries) and if you take reasonable care of it there will be no extra charges when you turn it in. Tires are the only thing you may have to replace. Cheaper than buying a new car every three years.
