Quote:
Originally Posted by LANDLORD
Don't lease, pay cash. If you can't pay cash, don't buy it.
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There is a HUGE moat in between "paying cash for it" and leasing. Putting 30% down and financing the balance is a VERY GOOD option for most. Not everyone has an extra $100K just "lying around" that they can put into a X5M.
Let's look at this from a financial point of view. $100K has an intrinsic capability to generate a certain set return. Even though it is low, most of us can still get around 4% back on those dollars.
Dealers are offering 0.9% financing so if you simply take the loan and leave the cash in the bank, you are making 3.1% more on it than you would if you just "paid cash for it" so cash is not ALWAYS the best option.