Thread: Need some insight! (Car lease)

Hey all!

I am stuck and cannot decide what I am going to do about my next car so I need a little bit of help from you guys to make my decision. I am considering leasing an E92 M3 and would like to do a lease buy out. Has anyone here leased a car and bought it/financed it after their lease was up? When you lease a car you pay the depreciation value and after if you decide to purchase you pay the residual. So for example, if I lease a 2012 and go back in 3 years when the lease is up and decide to buy it, will it have the same value as a used 2012 M3 with same miles 3 years from now? Also, would I need to put money down again or will they subtract the amount I put down during the lease signing?

any information would be appreciated !

Thank you

The money you put down is your lease down payment, gone at the end of the lease.

Why would you lease then purchase instead of purchasing it and financing it?

Depending if you put money down or you put a safety deposit: the money down is gone, it serves only one purpose: to lower your monthly payments. Where as if you put it as a safety deposit, it oftens lowers the % interest and you get it back at the end (for most companies). Also the buy out for a lease is independant of miles, accidents that happened,etc,etc.. you know that number before signing your papers, some companies will offer you a reduced price at the end though... if you end up financing the residual value, your car is going to end up costing you more at the end.

I'm actually living in Australia atm and I'm trying to work this novated lease for an import car. They're not saying no but they're not super keen on the idea either!

No good cars in Australia though and so over priced.

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