Valued Contributor
GregB
Posts: 1,669
Registered: ‎05-24-2007
Re: 2013 BMW 750i Lease vs. Financing Questions???

I can't even begin to explain how foolish it is for someone in your position to buy a car like that. I say this from the point of view of someone that did something very much like that although I bought instead of leased. My first expensive car had a payment that was double my house payment at the time. You do own a house, right? Some of the CPAs that work with me have found that a lease makes sense for a tiny, tiny number of buyers in very specific situations but only if you structure the lease correctly and buy the car at the end.

 

I just made the final payment on a BMW that I purchased new and have bought 6 new ones over the years. Do you want to know how badly I wish that I had NOT bought that one? It might have been justifiable at half price.