Don’t forget the opportunity cost of the equity you’re trapping in the car due to the higher monthly payments.
Factoring in this economic value impact basically puts the two financing structures (loan vs lease) on the same plane when assessed over a 36 month period. But yeah, it turns out constantly being in a fresh/new BMW is expensive.
Then go lease a Porsche for a little more but at least it’s 12 months so the premium for switching frequently is somewhat justified. Or something in Private Transfers like the M550i.
Or if that’s too much then the 3.3t G70 is like ~550-600 per month.
If someone says a 340i for 36 x $1,000 is some Goldilocks solution in between those, they need their head examined.