Quote:
Originally Posted by 550Reasons
lol damn a bit more and lease a 14 M5
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I test drove an M5 and while I was attracted to the idea of owning one, I didn't feel like it was a good fit. My wife will often drive this car to work, and I prefer her to have AWD in the winter here in NJ.
Also, if one is going to lease a new car every 3 years of course it is beneficial for the residuals to be high as it lowers the lease cost. But, if one wants to buy a car yet not lose the significant tax advantage of leasing, it is better to have the residual very low in order to transfer the bulk of the purchase price to the lease payments. (A few years ago it was not uncommon to see 100K mile leases for this reason.) As a business owner I can easily write off at least 75% of the lease payments, which in effect puts more than 25% of the total lease cost back into my pocket. A big savings!