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How many of you Leased and How many Financed your cars?

498 Views 9 Replies 7 Participants Last post by  ISFAN
How many of you guys leased and how many financed your cars?
I remember talking to the local BMW dealer and he told me much greater than 50% of all sales were leases.

How long do you guys plan to keep your IS300? Are you just going to keep it till it dies (like TEG) or are you just going to wait until your lease runs out and trade it in on something else (whether Lexus Product or Not)....?
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For those of you that purchased, did any of you do that "Premere Purchase" (as Audi calls it) "Owner's Choice" (BMW's term) in which you have a balloon payment and you're simply paying the depreciation of the vehicle.... In my opinion I don't think it's worth buying a car that way which has a very high resale value. The advantage is that you have low monthly payments, but at the end you realize how much you still owe on the car (because it hasn't depreciated much). For example, if are choosing between a $60,000 Jaguar and a $90,000 Mercedes Benz S-class, your monthly payments (in the type of purchasing I described) on both cars will be similar to each other... The reason being that the Jaguar depreciates like a Stone to the bottom of the ocean, contrary to the S-class.... I'm assuming the IS300 will be like the other Lexus models and have a high resale value, so you're likely to run into in a similar problem with this type of financing.... I hope that made sense..
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