This is a new vehicle for BMW. Wait a bit.
Where can I find cars that are for sale after a period of leasing..3-5 years..? Thank you!
One of the ugliest BMWs.
The difference is that homes tend to appreciate in value while cars depreciate. As an example, if you buy a £25k BMW with £5k deposit and pay £5k per year each of the next 4 years, you will have paid £25k for something that is likely only worth £10k i.e. you will have lost £15k. If you lease over that period, based on this lease deal, you will pay around £11,500 and have no asset at the end – you are still £3.5k better off than buying. The key with all lease deals is to try and better the depreciation you would suffer by buying. Even if you can’t better it and only come close, it is still worth considering a lease as you don’t have the hassle of selling it at the end, you don’t pay annual road tax and you don’t need to empty your savings account to make the purchase. Of course, leases don’t always make sense. If you like to keep your cars for 6 years or more, are happy buying nearly new or have a high mileage, leasing is less attractive to you. Indeed, in the initial example above, if you are somebody who simply likes owning from new but want to keep the car for 8 years, anyone leasing would suffer a second £11.5k cost for the following 4 years while, as owner, you would probably have a car worth £4k meaning it has cost you only £6k for that 2nd 4 year term. Overall, for the 8 years you are £2k better off but you have been running a 5-8 year old car when the person leasing has had a 2nd new car. This even assumes no additional maintenance costs and ignores the fact that with leasing your road tax is paid for.
but its still your own home, doesnt matter if xyz own a portion its still yours