Originally Posted by SAR I
If you had an accountant, he'd advise against tying up $50,000 in a depreciating asset and towards leasing at $608 a month.
The $50,000 cash I could have spent to buy the car outright winds up invested in several funds and makes money during the 3 years of the lease which puts me ahead of where I would have been to trade a fully depreciated 3 Series back to BMW.
Stick to what you know. This isn't your forte. Wealthy people stay wealthy by knowing how not to spend money.
I already explained to you that you are no where near wealthy. Wealthy people don't need their accountant to explain anything to them. They have people for that. They don't buy cars unless you happen to be an enthusiast. Then you may buy a vintage classic Bentley, but no way you'd buy a BMW. Fricken Volkswagen with leather seats. Otherwise they have the butler call the driver to bring the car around. Wealthy people are sickened by you. You may do business for them, but they don't know it, or care to know. You are a commoner that just happens to have some money. Some may consider you rich, but wealth is different realm.