BocaBoy
TUG Member
- Joined
- Jun 5, 2009
- Messages
- 5,332
- Reaction score
- 410
- Points
- 368
- Location
- Wisconsin
- Resorts Owned
- Grand Chateau
We are leasing cars now. With low interest rates it is more economical for us. That would change if interest rates climb significantly.Some of our longtime friends are starting to lease cars. They are finding that if they can stay under the mileage caps, it is less expensive to lease than to own for certain cars. We have always owned our cars and then ran them into the ground. We will compare to leasing next time we need a new car.
The other option is buying BMWs after they come off a 3 year lease. Apparently 70% of BMWs are leased so there is a lot of certified inventory out there and they can be bought for about 1/2 the cost of new. My 2006 BMW has pretty much the same design as the new models so people cannot really tell the difference anyway. Kind of like buying a resale timeshare.