Lately I’ve been seeing a lot of lease deals on luxury cars that, on the surface, seem pretty tempting. I mean, why drive a regular old family sedan when you could be stylin’ and profilin’ in German luxury?
But before you get too excited, it’s worth digging down into the numbers a little bit. For instance, I recently saw a deal for a 2013 BMW 328i sedan that’ll cost you $369 a month, with $3,844 due at signing.
How is that possible, when monthly payments on a 48-month new-car loan for something like a base Toyota Camry can be $400 or more a month?