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29 June 2018, 10:42 PM | #1 |
2024 Pledge Member
Join Date: Dec 2013
Real Name: Steve
Location: Indiana
Watch: PP/AP/VC
Posts: 2,158
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Buy or lease sports or "toy" car?
I've read the pros and cons of buying vs. leasing but my question is what do people here do with their "toys" that they will only drive maybe 5000 miles a year or less? I know this depends on things like price and collectability, but I'm thinking in the $75k USD or less range. I have a nice AWD daily driver for my short 10 mile/day commute with a BMW X6. I have just over 2 years on my lease and I am very happy with it. But as far as something fast and fun, I was looking along the lines of a Cayman or M2 so nothing extravagant. I live in the midwest so it will get garaged during the winter months. So I could see buying it outright and it should keep decent value and low mileage for years to come. I could also see trying to work out a low mileage lease because it won't get a ton of use and there almost certainly will be another car tempting me in a few years. And if I'm involved in even a minor accident, the lease gives me options to just return the car rather than take the hit on resale value. I'm sure many of you have asked and answered this question for yourselves so I'd appreciate any experiences and/or advice.
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