How many people lease rather than buy, pro and cons need some help new to leasing

Thanks

 

I lease because it's run through my business - but I think the best benefit of leasing is that I don't have to argue with my wife. I just tell her, "It's been 36 months and it's time for a new car"!
Seriously, the CLS 550 is fantastic! And that's coming from a BMW fanatic - I've owned 6 BMWs in a row. I looked at the 650i, but I need a back seat occcasionally and there's no way with the 6! The CLS is beautiful, powerful, and every bit as well-built as the BMWs that I've owned!
There are pros and cons to both choices, but you are definitely on to the right car!!

 

Depends on a few things but these days I'd say lease lease lease every time. The depreciation on these cars is ridiculous and you will be glad you lease in 39 months. But here are some things to consider if you have to..

1) Do you own a business or do you work for a company?
2) How many miles a year do you drive?
3) How often do you buy (or like to buy) a new car?
4) How important is having a nicer car?
5) How good are you at negotiating when it comes to purchase/sale of cars?

Depending on how you answer the above I can tell you for sure if you should buy or lease but until then, I would err on the side of lease just for the messed up depreciation on these cars.

 

trezaei, I do not know how he will answer. BUT here are my answers:

1. I own a business and work corporate.
2. 15K at least
3. Every 5-7 years.
4. Not much, I like to have problem free (pretty much) car. So, I do tend to like higher end cars.
5. Pretty good, I am about to sell my 300M. Carmax, offered me $4K, when the Bluebook value is listed at $7K. I told them NO THANKS.

I guess I should buy? I am really leaning toward getting a CPO, or used rather than a new CLS to lower the depreciation hit. Advise?

 

With those characteristics, you should almost certainly buy rather than lease, depending on how much over 15K/ year you drive. Long term leases are rarely good deals, nor are lease buyouts, especially since MB is artificially pumping uup the residuals on many cars. If you like to keep your car at least 5 years, I think you should buy, but be prepared to purchase an extended warranty when the time comes. CPO might be a good choice for you too.

 

Lease, if you plan to change your car within 2-3 years or so. Buy, if you really plan to stay with the car for more than 5 yrs. Its all personal preference. I would still lease a Benz.. Like the post above says you still drive a nicer and newer car. That's just me..

 

I lease.. I own a mortage company so I lease cars as a tax write off "business vehicle"..haha

My leases usually are:

39 months
15k miles
$10k down



Personally prefer leasing... its just me.. makes more sense than blowing $100k for a car all at one time.


Oh.. and also.. I love having the newest car on the block haha