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BMW 535d X Lease Very Confusing, First Time.

sub2500sub2500 Member Posts: 9
edited October 2014 in BMW
Msrp $64,900, sell $53,600 w/ 11000 mi. (inside company car) @ $635. mo. I think the rate is 3.3 my best buy rate is 2.39. Really want to buy but can't afford $900. mo. Where do I start trying to figure out if I'm getting a good deal and/or whether to lease or buy?

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    steverstever Guest Posts: 52,454
    Should You Lease or Buy Your Car? will get you started. Then follow the breadcrumbs back to a bunch more leasing articles.
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    sub2500sub2500 Member Posts: 9
    Some good info there but none of the articles pinpoint exactly where the money loss or amount that is over what you would have paid in a buy, is in a lease. I understand the good points of a lease and that there is no equity, but I'm trying to estimate what my loss would be (and where it comes from) as opposed to a buy.
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    kyfdxkyfdx Moderator Posts: 241,083
    sub2500 said:

    Some good info there but none of the articles pinpoint exactly where the money loss or amount that is over what you would have paid in a buy, is in a lease. I understand the good points of a lease and that there is no equity, but I'm trying to estimate what my loss would be (and where it comes from) as opposed to a buy.

    If your goal is to ultimately own the car, then buying from the beginning is your best bet for lowest total cost. Leasing adds some extra fees ($725-$925 acq.fee) which you wouldn't have to pay if buying the car.

    Leasing works best, when you truly want to only have the car for the lease term, and/or you have business tax deductibility for a large lease payment that would be restricted if you were depreciating the asset.

    Why do you want to lease, if your goal is to own the car?

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