I'm a bit curious if anyone has leased any of their cars? I have an 05 RL which I love but i am at the point where i think i will be buying a new car come June. I am debating on whether or not i want to lease my next car because i know that i will probably want to only have a car for about 3 years and then get rid of it. My only problem is that i drive alot every year so i'd have to get a high mileage lease. Just want to get your thoughts on what you guys would do. I have owned my RL for 3 years now and even though i love it i want to upgrade to either an MDX, see what the new RL is like or jumped into an Audi S5.

 

I used to buy my cars - Prelude, TL, but recently started leasing BMWs. I've leased an M5 and a 328 and have become pretty knowledgeable about leasing.

If you definitely want to switch cars in 3 years, leasing is the way to go. You get the benefit of only paying sales tax on the depreciation of a lease and not having to deal with selling the car yourself. You're also protected from huge depreciation.

That said, not all leases are created equal. If you want the best deals focus on cars that have lease incentives such as high residuals or low money factors(essentially interest rate). Some basic research on google will teach you how to calculate your own lease payments based on purchase price, residuals and money factor.

I'll give you one example of a screaming lease deal that was offered recently. Infiniti G37s aren't selling so Infiniti was offering great lease incentives. People were about to get 3 year leases on 35K cars for around 265 a month with no money down and multiple security deposits. Good luck

 

i agree with poncekim, but watch out for mileage! you say you drive alot, that might make leasing for you unrealistic. most leases limit you to 12K or 15K per year (better read the fine-print). if you don't factor in your high mileage, your penalty might offset much of your savings. if you get a "high mileage lease" then your payments might be too close to actually just purchasing the car (so no real value there).