Quote:
Originally Posted by sonnenschein3000
Do you guys in the U.S. not have lease agreements?
Lease agreements are very common here in the UK, in fact I think 90% of luxury cars are leased!
I'm a cash buyer btw, we're frowned upon by the salesmen (less profit for them if they don't sell a finance package!!)
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We do have leases. In fact, I'm betting most M5s are actually leased and not financed.
Even getting leases doesn't mean you won't eat the depreciation at a bad rate. In this case, a lease of the M5 would have been better than a finance as the lease residuals were clearly better than actual depreciation. But you can easily be upside down on a bad lease residual.