Category Archives: Luxury Cars
For those people in the market for a luxury imported car, there are many ways to go about acquiring one. Leasing is more popular with upscale imports than with domestic and non-luxury imports. The BMW 7-Series.
Leasing allows people who might otherwise not be able to afford a luxury import the opportunity to do so. When a customer leases a car, he or she is essentially paying the up-front cost of the car minus what it is expected to be worth at the end of the lease, an amount called the residual value. Financing only the residual value is why leasing costs less than buying. For cars that retain their value well, leasing can be a good way for an ordinary person to be able to drive a nice car, and that is one reason that imports, including luxury imports remain popular even in difficult economic times. But if you plan to purchase a luxury import outright, there are a few things you need to know and do beforehand. (more…)