This was a fantastic video. I’ve never considered a lease before, but the gentleman broke down the differences, and advantages of financing vs leasing where it was easy to understand.
What if you get a lease and total loss the car in six months do you just abandon the monthly payments or are you still on the hook for the payments on a car you no longer have?
for leases, never pay upfront or bring big downpayment… if you total the car, you lose all that money… the bank/leasing company is made whole by insurance and gap…but you lose whatever you put upfront
My question is at the end of the lease and want to buy. Are you buying the car ar the vaule it is after the 3 years or do you purchase it at the value it was when started the lease?
@@sammyjiujitsu You buy it for whatever the residual value is there's nothing to do with whatever the current value is unless you're using current value as residual
Leasing expensive vehicles is the way to go. Period. U dont want to own it. The more expensive and high tech that vehicle is, the more it's going to cost to repair. And the more expensive the more the mark-up, why take that hit?
our last three leases were at 10k per year and we only drive 7-8K on average. Simple answer is that some people drive less than others and they shouldn't have to pay more per month for less use
Bugatti doesn’t lease!😂 you need an allocation just to get near one and to have an allocation from them you need a minimum of two Bugatti’s in your profile. Nice try though
Avoid BMW if possible. My rear drive failed after 5000 miles. The $4000 bill was covered by warranty, but that will be up soon. Now, after 18 months, I am late on a payment. Tried to set up online payments 7 times, called the 800 number too. "BMW is experiencing technical difficulties at this time - Goodbye"
Thinking of leasing because both my paid for cars seems to have problems every few months..I'm over the repairs!
This was a fantastic video. I’ve never considered a lease before, but the gentleman broke down the differences, and advantages of financing vs leasing where it was easy to understand.
Trues, it made it super understandable for me as well!
Great video explaining it for the ppl who don’t understand the concept of leasing over finance.
That’s it! I’ll be leasing my 2023 BMW😅
Great video. The gentlemen did a great job explaining everything. Really. Interesting. 😀
I have been considering leasing a new BMW 740i, and this video is very well detailed on the comparison of financing it instead
Great video! Thank you. I’m thinking about leasing the 2023 3 series.
Have you done it yet mate?
Oh whoa very informative vid
What if you get a lease and total loss the car in six months do you just abandon the monthly payments or are you still on the hook for the payments on a car you no longer have?
for leases, never pay upfront or bring big downpayment… if you total the car, you lose all that money… the bank/leasing company is made whole by insurance and gap…but you lose whatever you put upfront
My question is at the end of the lease and want to buy. Are you buying the car ar the vaule it is after the 3 years or do you purchase it at the value it was when started the lease?
You buy it at the current value of the lease termination
You pay whatever the residual value is of the vehicle if you want to buy it you can know what the residual value is before you even buy the car
@@sammyjiujitsu You buy it for whatever the residual value is there's nothing to do with whatever the current value is unless you're using current value as residual
Are there 2 year leases? And can you pay the entire lease upfront?
Please answer.
Thanks
Yes and yes! There are 2 year leases and you can pay the entire lease upfront if you so choose.
Paying up front wouldn’t be the smartest idea lol❤
for leases, never pay upfront or bring big downpayment… if you total the car, you lose all that money… the bank is made whole but you lose everything.
That's what I have always done because cars change so much in a few years that your better off.
@@zachbackar5389 You pay up front? Wouldn't that be stupid?
very informative video.. Thanks 💌
Fantastic information thank you
Do we have to pay for the freight when leasing a BMW or just when financing? Please respond. Thanks
Up front costs $800 application fee and return fee $400.
Leasing expensive vehicles is the way to go. Period. U dont want to own it. The more expensive and high tech that vehicle is, the more it's going to cost to repair. And the more expensive the more the mark-up, why take that hit?
Do you do sales taxes on a lease term?
Down payment in leasing is less than financing.. oh really? 😂yes
Probably because you are renting the car without owning it
All the cars I own were leased at one point
Can u extended your lease?
Depends on the brand. Some do up to six months, some don’t allow at all.
BMW might allow 2 months.
Credit for unused miles? That's a nonsense! There is no such thing.
It’s said that the average person drives 12000-15000 miles a year why is bmw giving 10000miles a yr
Who told you that. I drive 3K per year.
our last three leases were at 10k per year and we only drive 7-8K on average. Simple answer is that some people drive less than others and they shouldn't have to pay more per month for less use
@@Don_Von_De_LaNooch don’t
Novated lease or buy outright wity cash
Novated?
I love my bugatti lease I get a new one every year!!!
Bugatti doesn’t lease!😂 you need an allocation just to get near one and to have an allocation from them you need a minimum of two Bugatti’s in your profile. Nice try though
That doesn't make sense on so many levels I had to come in 5 months later
Snakes
They didn’t say you need a 8000 credit score to lease a bmw
I think you meant 800 and not really BMWs aren't all that great
Aren’t most people having that?
I asked few random friends, all have 810-850 score.
I lease a 2024 530i and my score was below 800
@@DoubleDTwins21how much is your lease if you don’t mind sharing ? I’m looking to lease as well
Avoid BMW if possible. My rear drive failed after 5000 miles. The $4000 bill was covered by warranty, but that will be up soon. Now, after 18 months, I am late on a payment. Tried to set up online payments 7 times, called the 800 number too. "BMW is experiencing technical difficulties at this time - Goodbye"
Bias.
He compares cost of the lease vs finance. Well with lower payment you got bo equity. Wrong comparison.
TIL you buy the car after the lease and saved on the apr charges a financed car would get for 5-7 years
Interesting