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      07-22-2010, 01:14 PM   #1
sourcerbmw
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Drives: Bmw
Join Date: Jul 2010
Location: NY

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2011 M3 e93 Lease denied, thinking of purchasing now

Hey guys,

I just received a called today from the dealership and they told me I was denied for the lease because I do not have long enough credit history and never took out a loan this size before. They asked if I wanted to ask my parents to cosign but I wouldn't want my parents to get into this situation....

So heres the deal now:

They want $27,000K (UP FRONT, yes 27,000) it will bring my monthly payment down to under 200 a mo.

Or

I can just purchase an 08 vert for $54,000. If I put down 9K and my monthly payment should be around $940 a month.

I really wanted to lease because I thought that it will help me with my tax deduction but I just spoke to my CPA and she said that luxury cars will not count towards your deduction for the type of business I am in.

So now..... 2008 vert financed or 2011 vert lease. I'm so maddddd BMWFS!
Appreciate 0