Lease vs. Finance

Los Angeles · 10-02-2007, 03:31 PM

When purchasing the Audi/VWs, BMW/Minis, MBs and Porsches, do you guys prefer to lease your cars/SUVs, or do you prefer to finance them?

If financed, do you usually trade in another car for it, do you put down a large down payment, or both?

If leased, what's the average length of time you lease? Also, do you trade in another car for it, put down a large payment, or both?

Lastly, do many of you own the cars after the manufacturer's full-coverage warranty expires? Do you ever opt for extended warranty?

Sedan_Clan · 10-02-2007, 03:43 PM

Opinions are going to vary here, but I prefer leasing. Average lease time ranges from 2-3 years, however, 4-year leases are somewhat common. How much is required down at time of purchase varies depending on the incentives, credit, etc.

As for warranty....I never have kept a car past warranty expiration due to the fact that I generally lease my vehicles.

replicat · 10-02-2007, 05:28 PM

lol, there is no costs to maintain the car. BMW ultimate service has you covered brake pad/rotors/oil/etc..etc...as for after warranty I guess you'll be screwed.

Los Angeles · 10-02-2007, 09:33 PM

Quote:

Originally Posted by replicat

lol, there is no costs to maintain the car.[/SIZE] BMW ultimate service has you covered brake pad/rotors/oil/etc..etc...

I was already well aware of this fact.

Quote:

Originally Posted by replicat

lol, as for after warranty I guess you'll be screwed.

I guess so.

BMW F22 · 10-04-2007, 02:20 PM

It really depends. If you want to drive a new car every 2-3 years then you should lease it. If you're planning to keep the car for say 5 years+ then buy it. IMO leasing could be very beneficial and is a wise way to spend your money. The reason for this is that you put less money up front and also have lower payments. At the end if you want to purchase the car you can. Think of it as a very, very long test drive.

10-02-2007, 03:31 PM	#1
Los Angeles Steve Forte Rio 149 Rep 2,393 Posts Drives: 08' 328i Join Date: Aug 2007 Location: 90036 iTrader: (0)	Lease vs. Finance When purchasing the Audi/VWs, BMW/Minis, MBs and Porsches, do you guys prefer to lease your cars/SUVs, or do you prefer to finance them? If financed, do you usually trade in another car for it, do you put down a large down payment, or both? If leased, what's the average length of time you lease? Also, do you trade in another car for it, put down a large payment, or both? Lastly, do many of you own the cars after the manufacturer's full-coverage warranty expires? Do you ever opt for extended warranty? Last edited by Los Angeles; 10-03-2007 at 12:15 AM..
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10-02-2007, 03:43 PM	#2
Sedan_Clan Law Enforcer 24981 Rep 22,266 Posts Drives: '22 Chalk Gray Porsche C2S Join Date: Jun 2006 Location: ..in your rearview!!! iTrader: (26)	Opinions are going to vary here, but I prefer leasing. Average lease time ranges from 2-3 years, however, 4-year leases are somewhat common. How much is required down at time of purchase varies depending on the incentives, credit, etc. As for warranty....I never have kept a car past warranty expiration due to the fact that I generally lease my vehicles.
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10-02-2007, 05:28 PM	#3
replicat Lieutenant 23 Rep 515 Posts Drives: 40MPG Join Date: Oct 2006 Location: Southern California iTrader: (0)	lol, there is no costs to maintain the car. BMW ultimate service has you covered brake pad/rotors/oil/etc..etc...as for after warranty I guess you'll be screwed.
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10-04-2007, 02:20 PM	#5
BMW F22 Major General 3566 Rep 9,788 Posts Drives: ///M235i Join Date: Nov 2005 Location: Bay Area iTrader: (8)	It really depends. If you want to drive a new car every 2-3 years then you should lease it. If you're planning to keep the car for say 5 years+ then buy it. IMO leasing could be very beneficial and is a wise way to spend your money. The reason for this is that you put less money up front and also have lower payments. At the end if you want to purchase the car you can. Think of it as a very, very long test drive.
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