|
Friend of mine just traded his '08 with close to 40k mi for $42k. Loaded 6 spd coupe. With tax benefit, about $21k in depreciation over 3 years. Paying $800-1000/mo in a lease to "rent" the car is convincing yourself you can afford it and wasting money. Owning the car clearly pays off as they hold their value well.
"Values will plunge when the new one comes out." No. Didn't happen to the E36 or the E46 and even more arguments it won't happen with the E92. People chastised me for taking a chance on a 2011 X3. Ohh, new model risk. Who is taking the new model risk on a triple turbo M3 the first year of production??? Not me. Are you going to wait for the first model in 2013 or 2014? Not me. Not only do you need to wait for the first one to hit the shores, you've got to wait a good 2-3 years for the new engine issues to flush out.
|