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I think leasing a used car (as in a CPO) is a pretty poor idea in most cases. One of the biggest benefits of leasing is to get the low payment on a new car, trading the lack of an "asset" for the "all taken care of by the dealer" nature of a lease.
CPOs basically lose that, and do NOT usually have "better" residuals than a new car, because, well how could they? Even though BMW inflates the residuals, and sometimes has specials on CPO cars for lease those numbers do not usually work out to be in a persons favor.
The idea of Leasing a CPO is GREAT for the dealer and BMW though, as they want another 2-3 years under contract, on a car that does not have new car warranty (CPO does not cover exactly the same thing) and maintenance now on the person leasing instead of BMW.
The ONLY thing that it may do is produce a monthly payment that is relatively low, but when you break it down, it usually isnt low enough to be a great deal.
Leasing used cars in general is designed for people who cant afford to get a new one by either leasing it new, or purchasing it. I usually dont have strong opinions because there are different circumstances for everyone, but in almost EVERY case leasing a used car (which is what a CPO is) is not a good idea.. at least for the person leasing its not. Its usually a great deal for the dealership though.
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