Quote:
Originally Posted by usshelena725
Always - because every car you drive is used. The second you drive it off the lot, it is a used car. Makes little difference to most sensible people if, a month later, the car is a month old or six month old and if it has 1,000 miles on it or 6,000 miles.
Financially, no one who has less than a million dollar net worth should buy a brand new car, the depreciation is so huge, that to eliminate that much of your capital when you aren't a millionaire is just silly.
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I get what you are saying, I would just say its much more fair to compare new to new... leasing a new car when the residuals are artificially high (as bmw's were in the past) and the potential tax advantage business owners could get does come out at times cheaper than the depreciation on the purchase of a new car... I'm a CPO man myself but I do see the lease attraction. BMWs leases are no longer cheap so FWIW resale values will be better and leasing prob will now be far more exp.