M3 lease payments?

[Dave07997S]

Originally Posted by zeeman335

dimabimmer - you should be salesman!

What should i do if i own an 07 335i and want to lease a M3? It would be DUMB to trade it into the dealership. I would be putting down around 25k for the car, for a lease???? OR I can privately sell it...

If you lease the car (M3) you would be nuts in putting down that much money. First off if the only way you can afford the M3 is by a lease payment and you can't take advantage of the tax breaks a lease affords you than you shouldn't lease.

With a lease you want to bring in the bare minimum. You don't save any interest payments by having that much of a down payment. The only thing you would save on is the state tax usage fee.

You can privately sell a car out of a lease, you still have a payoff regardless wether you lease or financed the car. I am self employed and get the full tax advantages to leasing so I always lease my POV. I have sold all my cars that I lease at the end of the lease. The M3s hold their value and I always walked away from the transaction with dollars in my pocket.

Dave

[zeeman335]

Originally Posted by Dave07997S

If you lease the car (M3) you would be nuts in putting down that much money. First off if the only way you can afford the M3 is by a lease payment and you can't take advantage of the tax breaks a lease affords you than you shouldn't lease.

With a lease you want to bring in the bare minimum. You don't save any interest payments by having that much of a down payment. The only thing you would save on is the state tax usage fee.

You can privately sell a car out of a lease, you still have a payoff regardless wether you lease or financed the car. I am self employed and get the full tax advantages to leasing so I always lease my POV. I have sold all my cars that I lease at the end of the lease. The M3s hold their value and I always walked away from the transaction with dollars in my pocket.

Dave

Thanks for the info...But you can always finance the car at 0.9% and that would allow for trading it in...