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All points to ponder.
My justification in my mind is...
I lease for 3 years and I have nothing ? If I keep my 6 yr old car for 3 more years what is its value after 3 more years. Not accounting any repairs for next 3 years on older car. I can always buy the car at end of lease. But knowing me I will want another new. It cost $ to drive BMW's and I have spent plenty over past 5 years. I am not wealthy but have a car budget that I can live with and $1000 a month is OK with me. I am at an advanced age so I don't need to save money for a rainy day I want to enjoy things I enjoy while I can. So that's my thinking on the silly trade for a lease thoughts.
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