The rational behind leasing a car is simple; you basically rent the car for a period of time then drop it off when the lease expires without any obligation (generally if the car is clean) or further costs.
What you are doing is paying for the depreciation of the vehicle during the lease. So, if a car is new and worth $50,000 today and in 3 years it’s expected to be worth $30,000 then you as the lessee basically pay the depreciation of the car over the 3 years to the lessor and get a new car every 3 years.
Seems simple and smart, right? Wrong, I am going to show you a better way drive cars if you can raise a lump sum of money. For me it was obvious, I am in the business of raising lump sums of money to settle debt.
So a BMW M3 Cabriolet … Read More