In many ways it's very simple, you lease the car you want for a given term & number of miles. Pay a fixed amount every month for (say) 36 months. Maintenance and tax are often included. At the end of the term you hand back the keys. A guy I know is leading a new 518d for €700 per month for 36 months. The same car would cost €50k to buy.Originally Posted by Peter-E36
The pros are you have a new car that you don't need to worry about at a broadly similar total cost of ownership over the lease period . The downside is that you own nothing for all that you spend.