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Reply to "Am I a sucker for leasing all of our family cars?"
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[quote=Anonymous]Used car prices are declining quite dramatically in case people have not noticed. I leased a new BMW in late 2014. BMW valued the car as being worth $28K when the lease ends in Dec 2017. Current blue book value is closer to $20k. By leasing I saved myself the additional loss of higher than expected depreciation cost or another way to look at it BMW subsidized my use of the car by $8k. Not something either myself or BMW was counting on but worked out that way because of market conditions. If buying and holding for a long-time is not an option there are scenarios in which leasing makes a lot of sense. Buying a brand new car is never a prudent decision. Sometimes leasing can make it slightly less bad. [/quote]
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