Originally Posted by Snagglefoot
From Car Intelligence. Most new BMW's are leased and it's the brand that Is most highly leased in the USA.
For BMW.
Leased 77%
Payments 10%
Cash 13%
So, when you see a new BMW "owner"with his new wheels, there is a very good chance he lives in his mom's basement.
holy smokes...
So, that does make sense based on what I'm seeing in the resale market. I have to say though, I think it makes for some good deals in the off-lease market, particularly since BMW seems to cover the maintenance, and most of the ones I've looked at have well-documented maintenance histories.
One thing though: I wouldn't assume that everyone who leases is living in his mom's basement. I know several folks who could easy buy whatever car they want, cash--and they choose to lease. And for some folks, typically those who want a new car every 2 to 3 years and purchase euro brands that depreciate like crazy, it can make sense.