There are plenty of plebes driving 3-series BMW’s on leases for $300 per month…probably a majority of the newer ones on the road are leased.
If you think about it, a $35k car loan for a 6-year term (now the average…scary) at 7% runs a buyer a monthly payment of $596. Same person with decent/good credit can lease a Mercedes E350 for $579 per month.
So, the moral of the story is a good number of those people who are driving imported luxury cars are leasing them and really don’t own them. Even the ones with USC alumni license plates.
