Will you be leasing your M3 or Not?

M3Chang · 05-27-2007, 11:32 PM

1. Lease
or
2. Finance
or
3. Buy it out

lucid · 05-28-2007, 01:36 AM

If you have the cash, and if you take everything into account, and if you are going to hold the car for more than 3 years, buying it beats the rest unless you have some kind of investment scheme which gives you more than 10% annual return on your cash.

THE JEDI · 05-28-2007, 04:32 AM

Just buy it there are no deals on M models..waste of time

swiss_cornholio · 05-28-2007, 03:53 PM

Leasing is for losers! People who don't have the cash for the car don't belong on the road!

DonM3 · 05-28-2007, 04:14 PM

Thats extremely harsh. Sometimes it makes better financial sense to lease becuase of the tax exemption if you get it through your own business

Quote:

Originally Posted by swiss_cornholio

Leasing is for losers! People who don't have the cash for the car don't belong on the road!

hands on · 05-28-2007, 04:38 PM

Quote:

Originally Posted by swiss_cornholio

Leasing is for losers! People who don't have the cash for the car don't belong on the road!

this statement is being made by an individual who is under a misconception...leasing can very well be a much better situation if you understand creative financing

skierman64 · 05-28-2007, 05:19 PM

I'm going to be keeping this car for 10+ years. I'll be buying it for sure. I have a large downpayment already saved up, however I don't think I'll have enough to pay cash outright.

skierman64 · 05-28-2007, 05:20 PM

Quote:

Originally Posted by swiss_cornholio

Leasing is for losers! People who don't have the cash for the car don't belong on the road!

I'm buying mine, but that's a really ignorant comment.

JEllis · 05-28-2007, 06:53 PM

Quote:

Just buy it there are no deals on M models..waste of time

Untrue, I will be ordering mine with a garunteed 10% off of MSRP!

Jason

M3Chang · 05-28-2007, 09:17 PM

Quote:

Originally Posted by JEllis

Untrue, I will be ordering mine with a garunteed 10% off of MSRP!

Jason

Good luck getting 10% off the MSRP :P

imolazhp_ci · 05-28-2007, 09:20 PM

Quote:

Originally Posted by M3Chang

Good luck getting 10% off the MSRP :P

yeah i will too... i work at a dealership. i get like 3% under invoice which is about 10% off total.

Simple1 · 05-28-2007, 09:38 PM

Quote:

Originally Posted by swiss_cornholio

Leasing is for losers! People who don't have the cash for the car don't belong on the road!

Wow, me and u are just alike

NOT!!

to each his own, I guess you a big baller you got an M3 all bought out.

JEllis · 05-28-2007, 10:06 PM

Quote:

Good luck getting 10% off the MSRP :P

Thanks but I already have it garunteed through BMW military sales...

Jason

BMW //MPOWER · 05-29-2007, 04:39 AM

I'm planning on leasing one, when my current lease expires.
Leasing is significantly cheaper than buying if you know what your doing, as depending on your tax rate it works out around 30% cheaper than buying. If you don't even consider it, you are an idiot!

Leg · 05-29-2007, 04:57 AM

Cash, money from selling my current ride and my year end divvy in April 08. The Wife will be livid. Mind you I can tell her its a 320, she wont know the difference.

Nowt wrong with leasing, my wife's Merc is leased.

13eastie · 05-29-2007, 07:35 AM

Would lease through my business if I could, but I can't so I will be shelling out the cash personally.

Re "losers", a real loser is someone who pays more tax than they need to IMO...

And if you really can afford to be totally reckless with cash, what are you doing even looking at a measly BMW?

swiss_cornholio · 05-30-2007, 07:29 AM

Quote:

Originally Posted by 13eastie

And if you really can afford to be totally reckless with cash, what are you doing even looking at a measly BMW?

LOL

Just a few disadvantages of leasing:

- base price for leasing is MSRP; cash is 7% off
- it IS more expensive: after the 3 or 4 years of the lease you will have payed about 90% of the base price, but the car still doesn't belong to you
- you must have the highest possible insurance at all times
- you have to decide in advance how long you wanna keep it
- and about the taxes that were mentioned several times: no (at least in Switzerland) you cannot deduct that from your income tax!!

lucid · 05-30-2007, 08:05 AM

Quote:

Originally Posted by BMW //MPOWER

I'm planning on leasing one, when my current lease expires.
Leasing is significantly cheaper than buying if you know what your doing, as depending on your tax rate it works out around 30% cheaper than buying. If you don't even consider it, you are an idiot!

That might be how it is in Australia, but there is no way you can get 30% discount (or any discount for that matter) on an M3 in the US via leasing unless you are doing it through your business.

Flyingfart · 05-30-2007, 03:03 PM

maybe better to lease!, however I dont like the mileage limitation, if only I can disconnect the speedo, but that illegal!

eurotechnik · 05-30-2007, 03:10 PM

Quote:

Originally Posted by imolazhp_ci

yeah i will too... i work at a dealership. i get like 3% under invoice which is about 10% off total.

same here, work at the dearlership!!! DISCOUNT :rocks:

poobarr · 05-30-2007, 03:15 PM

I get 19% off mine (inc. options), brother a design engineer for BM.

U like apples....?

How u like them apples!?!

Sage · 06-01-2007, 07:53 PM

Quote:

Originally Posted by swiss_cornholio

Leasing is for losers! People who don't have the cash for the car don't belong on the road!

You dummy swiss

is the real loser. But you are so dummy that I don't see the point taking economics with you.

this is how I really feel about you arrogant SOB

View Poll Results: How will you be owning your new M3
Lease	28	35.00%
Finance	31	38.75%
Cash that baby out	21	26.25%
Voters: 80. You may not vote on this poll

05-27-2007, 11:32 PM	#1
M3Chang New Member 2 Rep 14 Posts Drives: S2000 Join Date: May 2007 Location: Oregon iTrader: (0)	Will you be leasing your M3 or Not? 1. Lease or 2. Finance or 3. Buy it out
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05-28-2007, 01:36 AM	#2
lucid Major General 374 Rep 8,033 Posts Drives: E30 M3; Expedition Join Date: Apr 2007 Location: USA iTrader: (0)	If you have the cash, and if you take everything into account, and if you are going to hold the car for more than 3 years, buying it beats the rest unless you have some kind of investment scheme which gives you more than 10% annual return on your cash.
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05-28-2007, 04:32 AM	#3
THE JEDI Major 123 Rep 1,461 Posts Drives: 2005 Z4 2.5i Join Date: Aug 2005 Location: JAPAN, Okinawa iTrader: (0)	Just buy it there are no deals on M models..waste of time
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05-28-2007, 03:53 PM	#4
swiss_cornholio First Lieutenant 33 Rep 379 Posts Drives: E92 DTC M3 (AW/PS) Join Date: Mar 2007 Location: Zurich, Switzerland iTrader: (0)	Leasing is for losers! People who don't have the cash for the car don't belong on the road!
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05-28-2007, 05:19 PM	#7
skierman64 Brigadier General 125 Rep 3,071 Posts Drives: E92M3-E46M3-E46Wagon-E89Z4-E36 Join Date: Dec 2006 Location: Greater St Louis Metro area iTrader: (1) Garage List 1994 325is Race Car [0.00] 2011 BMW Z4 [0.00] 1998 M3 Coupe [0.00] 2008 M3 Coupe [0.00]	I'm going to be keeping this car for 10+ years. I'll be buying it for sure. I have a large downpayment already saved up, however I don't think I'll have enough to pay cash outright. __________________ Invest Wisely...The best mod for your money?? BMWCCA high performance driver's school. The mod that lasts a lifetime and improves the performance of any car you drive[/LEFT]
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05-29-2007, 04:39 AM	#14
BMW //MPOWER Major 30 Rep 1,403 Posts Drives: BMW G20 M340i xdrive Join Date: Feb 2007 Location: Sydney, Australia iTrader: (0) Garage List 2004 325ci individu ... [0.00]	I'm planning on leasing one, when my current lease expires. Leasing is significantly cheaper than buying if you know what your doing, as depending on your tax rate it works out around 30% cheaper than buying. If you don't even consider it, you are an idiot! __________________ Current: BMW G20 M340xi Sapphire Black Previous: BMW G30 530E Carbon Black M Sport BMW E46 325Ci M Clubsport Carbon Black BMW E36 318i Alpine White M Sport
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05-29-2007, 04:57 AM	#15
Leg Captain 94 Rep 844 Posts Drives: E92 M3 V8 Alpine White Join Date: May 2007 Location: York, England iTrader: (0)	Cash, money from selling my current ride and my year end divvy in April 08. The Wife will be livid. Mind you I can tell her its a 320, she wont know the difference. Nowt wrong with leasing, my wife's Merc is leased.
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05-29-2007, 07:35 AM	#16
13eastie Lieutenant 35 Rep 563 Posts Drives: 2007 E92 M3 Join Date: Mar 2007 Location: London iTrader: (0) Garage List 2007 E92 M3 Coupé S ... [0.00]	Would lease through my business if I could, but I can't so I will be shelling out the cash personally. Re "losers", a real loser is someone who pays more tax than they need to IMO... And if you really can afford to be totally reckless with cash, what are you doing even looking at a measly BMW?
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05-30-2007, 03:03 PM	#19
Flyingfart Just as when I found my car, they changed it. 18 Rep 408 Posts Drives: e90-330i Join Date: Mar 2006 Location: Where the Sun dont shine iTrader: (0)	maybe better to lease!, however I dont like the mileage limitation, if only I can disconnect the speedo, but that illegal! __________________ 2006 e90 Sparkling Graphite 330i Steptronic Heated Seats Xenons Logic 7 250 HP Machines - Pure Joy!
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05-30-2007, 03:15 PM	#21
poobarr Banned 0 Rep 4 Posts Drives: VW Golf GTi Join Date: May 2007 Location: Bognor, Sussex, UK iTrader: (0)	I get 19% off mine (inc. options), brother a design engineer for BM. U like apples....? How u like them apples!?!
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