jeudi 1 mai 2014

Need some advise on Leasing vs Financing

I'm stuck between the dilemma of leasing or financing a 428i with M and Tech package. Total should come out around 50k give or take.



My yearly salary is around 55k+ and next year will be 60k+. I am currently 26 and don't have any debt besides mortgage, which is about $600, so i do have some spare change. I have about $20k to downpay on a new car and was heavily considering dumping it on a is350Fsport, but BMW always brings me back.



So with the quick financial background out of the way, what advice would you experienced guys/gals give me on this situation. I always finance my cars, but being a BMW, a large majority of buyers tend to lease them. There's the standard reply of, "If you plan on keeping the car for more than 4years just buy it." I can see the reasoning behind that and I do plan on keeping the car for 5-6yrs, but being a 50k car I wanted to see what the best solution would be for a guy like me.



Any advice is appreciated.







Note: Was also considering a 228/235i.

Note 2: I'm considering leasing due to reliability reasons.

Note 3: 700 credit score




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