Join Date: Jun 2002
Location: Budapest, Hungary
Here is an observation from the service end of the business:
Most customers in new cars that are financed or paid cash will say that they intend to keep their new car "forever" or "until the wheels fall off". In reality many trade cars at the end of the warranty.
Moral of the story? Be honest with yourself before making a decision. Are you likely to get the irresistible itch after 3 or 4 years? If the answer is yes, and you positively do not drive more miles than the lease calls for, go and lease.
Also remember that at the end of the lease, YOU are responsible for deferred maintenance, worn out tires, cracks in the glass etc.
One more thing to consider: Cars that traditionally retain more of their value will have lower lease rates. Even if the model falls out of favour, you are locked in. That explains why relative to the sticker price, the best lease values are in luxury cars, specifically BMW, Lexus, Mercedes, and Porsche. Its driven by the resell price.
K1200LT 1999 Champaign SOLD
R1100RS 1994 Teal SOLD
R1150RT 2003 Blue (Sold)
R1100RT 1997 Blue
Pest, Budapest Hungary
"Travel is fatal to prejudice, bigotry, and narrow-mindedness."