Quote:
Originally Posted by Rich Sandor
So, if you're leasing, you want to get the current model year, as soon as possible, unless the lease rates are still really high.
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Isn't it the opposite?
For ex. I was looking at a M3 sedan. There was an 08 on the lot that could be had for something like 1.9% lease rate + 10k discount where as the 09 model was (i think) 5.9% and smaller discount.
Wouldn't it make sense to lease the 08 instead of getting the 09?
Whereas if I were to buy the car, it would be (can't say better) but acceptable to buy the 09 because it's a newer car, thus you can sell it for more later on down the road?
*sigh*
Almost all the car companies are taking away leasing and moving towards financing and balloon payments. Before the whole US $ drop, BMW had the best lease deals. They would have 57-58% residual (which means you only paid 43% of the car in the first 36 years and you could give the car back to them) and free maintenance. Now their residuals are closer to 50-52%, I guess this works better if you are buying out the car but why not just finance?
edit: I talked to my CA last month and he was telling me that each lease return that was coming back, BMW would take a hit of 5-30k on each of those vehicles. Cars like 7-series/M5/M6 were the worst because they depreciated alot + the price adjustment that BMW made to be on par with American vehicles = big hit.