If Leasing never existed, would Lexus dominate BMW Sales by now?

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01-19-14, 11:16 AM

#46

tex2670

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Quote:

Originally Posted by SW13GS

You'd be surprised how big this class of people is. Its not just the self employed, even if you are a W2 paid employee if your job requires you to drive (say outside sales) you can still deduct the cost of a car lease and other vehicle expenses. I know a lot of highly paid sales reps for pharmaceutical companies, industrial product companies...software...etc etc that are W2 employees but lease for the deduction.

You are probably right. And, at the same time, I think we all know of at least a couple of people who just clearly should not be leasing their cars--people who should have known up front they would go over their miles, or have a few kids and lease a minivan that gets beat to shreds, and face stiff turn in penalties.

Leasing is great for some, bad for others, with a whole lot in between. But, it's awesome for the auto industry, and not going anywhere.

01-19-14, 12:12 PM

#47

SW17LS

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Quote:

Originally Posted by tex2670

think we all know of at least a couple of people who just clearly should not be leasing their cars
...
Leasing is great for some, bad for others, with a whole lot in between. But, it's awesome for the auto industry, and not going anywhere.

Oh absolutely...its not for everybody...and like anything else I'm sure its overused...

01-19-14, 12:17 PM

#48

Hoovey689

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Leasing a car is like Netflix. When you're ready for the next one, turn it in

01-19-14, 12:21 PM

#49

swajames

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Utterly bizarre OP and then things got turned up to 11 with some even more asinine posts from the OP...

Who's willing to bet that the vitriol is because the OP got turned down by BMW Financial Services

01-19-14, 12:25 PM

#50

mmarshall

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Quote:

Originally Posted by tex2670

Isn't this what it all comes down to? People think, "For $XXX per month, I can drive an Accord or a [FILL IN THE BLANK LUX BRAND]."

Not quite that simple, but, for the most part, the answer is yes.

Quote:

Maybe it's just me, and maybe it's because I don't live in the same area as I grew up in, but it seems to me that today, many, many, many more people have an expensive car.

Friend, it's not you at all...or your imagination.

You are right on the money (no pun intended)

Even in the high-income D.C. area I live in (one of the most well-heeled places in the country) leasing basically keeps premium/upmarket car dealerships in business.

Quote:

Originally Posted by Joeb427

If leasing never existed,luxury automakers would probably be out of business in North America.

QFT. Couldn't have said it better ourselves.

Last edited by mmarshall; 01-19-14 at 12:30 PM.