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|3-Series (E46, E90) Chat relating to the BMW 3-Series from 1999 to Current. Models include: BMW 316i, BMW 318i, BMW 318Ci, BMW 320i, BMW 323i, BMW 325i, BMW 330i, BMW 328 Ci, BMW 328i, BMW 325i/xi, BMW 330Ci, BMW 320d, BMW 330d, BMW 335d.|
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| Originally posted by Volk@Jul 2 2003, 03:43 AM |
My dad just leased a 2003 325i on his business name, which means his $430 a month payment plus all the gas is 100% tax deductable. He plans to get rid of it at the end of the 3 year lease, and maybe get a 540 or bigger (he thinks this one is too small for him). The residual on the car is like 59%, roughly $20,000.
After the 3 year lease is over, should I pay him the $20k, so he can pay off the car, and take the car for myself? It will have <36k miles on it at that time, in 2006. I can save $20k to give him in cash within 3 years, as I am going to college right now. I drive a '94 Civic currently so in 3 years when I will have graduated, I'll be lookin for something new. So do you guys think its a good idea? Thanks.
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