How flexible is BMW leasing on FICO scores?

"david olson" > wrote in message
om...
> A "compleat" (sic) waste of time? I guess that's why the following
> finance professor wrote a paper in which she concluded that at any
> given time there are a number of leases on the market which actually
> have NEGATIVE imputed value for the call option, viz. they are PAYING
> you to take the option (in certain cases).
>
> http://home.manhattan.edu/~fiona.mac...easing/one.htm
>
> Then there's also the Federal Reserve study of auto leasing which
> concluded that higher income individuals are most likely to lease, and
> that liquidity concerns are NOT the overriding reason for doing so.
>
> http://www.federalreserve.gov/pubs/f.../199635pap.pdf
>

I'm with you on this one Dave. Leasing is clearly not for everybody, but for
certain people it makes lots of sense, and cents too.

As a person with income firmly planted in the high five figures, leasing is
probably not very good for me, mostly because I tend to keep my cars for a
very long time, in excess of 10 years for some of them. I am payment averse,
so I like to see the end of the payment coupons. I have the time,
inclination, and ability to do many of my own repairs, so owning a car makes
sense for my situation. People like you without the time to fuss around in
the driveway all day, or don't know how and don't want to learn, then
leasing is a very good choice. Leasing has its costs, but it also has
benefits. If the benefits outweigh the costs, then leasing is right.