I have seen other posts regarding to this and usually turns into a fight between the two camps.
I am not here to pick a fight since I actually need to make the decision in the coming months, I am just here to try to check my numbers.
So based on my calculation using the lease rate and residual posted for March, I don't see much saving between "buying the car then sell it after 3 years" or a 3 year lease provided the following:
- best auto loan rate I could find now is 1.99% for 66 month
- No money down for both cases
- M2 is the only car I am looking to drive next
I understand the residual value sucks but I could always sell the car at lease end and pocket the difference between what's worth at that time and the buy off price. (Just did it on my 981S)
So am I missing something on my calculation?