I'm about to get a 2010 bmw 528i xdrive tomorrow. Then I see the new 2013 bmw 528x drive for lease that would be the same as my payments on the 2010. I like the 2013 body better so what's the move to make? Lease or buy?
Leasing vs buying help me out
- Thread starter Pimp
- Start date
Do you want to put down money to rent a car & have NOTHING to show for it after the lease term? If you want to switch up new cars every few years the leasing might be for you. I only suggest leasing if you’re self-employed or you own a business, since you can write off the lease as a business expense.
Ricky Church
Stole Timberlake's Spaceship-Coupe
leasing always seems like your "throwing" away your money, or like brook said, "renting"
the new model 5-series' are badd as hell.
oh and 535xi >>> 528xi
the new model 5-series' are badd as hell.
oh and 535xi >>> 528xi
Charmeleon
I'm on fire
Leasing is better for people that need to be in the best car possible, like real estate agents. If its for your personal use, there is no reason to lease. Its throwing money away...
Comparing monthly payments between leasing and buying?
Need to get to the brass tacks:
1. What are the leasing terms on the 2013 car: how long is the lease? how much down? how much per month?
2. How many miles do you drive in a year? How many miles can you drive without taking on penalties. What is the penalty per miles? How much is it to increase the number of miles so you don't incur a penalty?
3. How much is an auto loan on the 2010 car? How long is it? What is the principal loan amount? What is the monthly payment? What is the interest rate?
You can go back and forth regarding monthly payments and mileage but what sealed the deal for me was whether or not I was going to mod
Being honest with myself, the answer was yes.
So I went CPO and got a pretty comprehensive warranty.
I'm sure I'll be
when the warranty is up
but right now i'm
Being honest with myself, the answer was yes.
So I went CPO and got a pretty comprehensive warranty.
I'm sure I'll be
when the warranty is upbut right now i'm
You can go back and forth regarding monthly payments and mileage but what sealed the deal for me was whether or not I was going to mod
Being honest with myself, the answer was yes.
So I went CPO and got a pretty comprehensive warranty.
I'm sure I'll be
but right now i'm
What car/year did you end up getting?
Went and got a 07 335i (aero kit, check the car pic thread it's there with some other stuff I own) having fun with it so far but I plan on doing a jb4 stg3 tune, dual cone intake, down pipe and maybe a few more mods. Hoping to bring it to 400rwhp
That's something I wouldn't have gotten away with on a lease.
Stunt or buy at the end of lease
CJ
Your objective semi-troll
If I'm making payments on a car for 3-4 years, I want the equity to show for it. That's a major thing you don't get with a lease, unless of course, you buy it out after and flip it. Most people don't do this. Also the headache of lease returns and the possibility of getting dinged on things left and right. Seems they only turn a blind eye if you're going to re-lease another vehicle.
Purchase or nothing for me personally, especially since I do less mileage than even a lease minimum allows.
Purchase or nothing for me personally, especially since I do less mileage than even a lease minimum allows.
If you finance a car for say, 60 months, you lose part of your investment because of depreciation. If you gonna trade up for something else anyway and end up paying a note again I don't see what difference it makes.
Now.. just know leases have mileage restrictions and you can't do nothing to the car. I depends on your lifestyle
Now.. just know leases have mileage restrictions and you can't do nothing to the car. I depends on your lifestyle
Like if I bought the same bmw for 52k after 3 years it would be worth like 36k if that and I would still have 2years of payments left. Lease total cost is 16.8k. Seems pretty even. Either way you gonna lose money. Sure at the end you own the car but after 5 years and newer bodies out you will probably upgrade.
New BMWs are not meant to be owned after the lease/warranty period is up. If you can do the mileage I would lease.
W/leasing you are basically paying for the depreciation you would get slapped with if you owned, w/o the hassle of selling. I think that is the only way I would buy a brand new car.
W/leasing you are basically paying for the depreciation you would get slapped with if you owned, w/o the hassle of selling. I think that is the only way I would buy a brand new car.