Bought, Leased or Financed?

Radiation Joe · 01-07-2011, 12:45 PM

Leased for 2 years with 24k miles per year. Modded it anyway, just like the last one. Came out ahead vs purchase or finance when it came time to turn it in. The write-offs are just gravy, alota gravy.

dpsfm3 · 01-07-2011, 12:55 PM

0.09% financing is free money

///Matthew · 01-07-2011, 01:10 PM

Quote:

Originally Posted by FStop7

financed 0.9%, if BMW wants to offer me near interest free money then who am i to refuse?

Me too.

TheBry · 01-07-2011, 01:11 PM

Bought outright. I drive my cars into the ground, so leasing wasn't really a good option for me (have 52K miles on my E93 M3 now), and I couldn't be bothered moving money around to make monthly payments to maximize interest. Paid cash... done with it.

Car isn't a financial investment -- it's an investment in my soul.

Dave07997S · 01-07-2011, 01:15 PM

I leased..even with the lease the money factor I got makes the rate at 2.9% with a residual that at the end of the lease there could still be some equity. If you can take full advantage of the tax break that leasing provides and its a good lease I say lease the vehicle.

Dave

View Poll Results: How did you acquire your M3?
Purchased Outright	27	23.48%
Leased	32	27.83%
Financed	52	45.22%
None of the above	4	3.48%
Voters: 115. You may not vote on this poll

01-07-2011, 12:45 PM	#23
Radiation Joe Veni Vidi Vici 89 Rep 2,750 Posts Drives: '11 JB/BBe-6sp-e90 Join Date: Jul 2008 Location: Macungie PA iTrader: (0) Garage List 2011 e90 M3-Sold [8.50] 2003 RS6 - Sold [0.00] 2009 e90 M3 - Gone [0.00] 2003 M3 SOLD [0.00] old 2002 [10.00]	Leased for 2 years with 24k miles per year. Modded it anyway, just like the last one. Came out ahead vs purchase or finance when it came time to turn it in. The write-offs are just gravy, alota gravy. __________________ Dinan compliment of stuff plus PF rotors and RG63s. Enough for now. Why, yes. I am an abrasive bastard.
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01-07-2011, 12:55 PM	#24
dpsfm3 M enthusiast. BMW CCA member. 13 Rep 156 Posts Drives: 2011 M3 E92 7MDCT AW loaded Join Date: Nov 2010 Location: San Francisco, CA iTrader: (0)	0.09% financing is free money __________________ 2011 ///M3 e92 7MDCT 19", Alpine White, Black Leather/Carbon, Loaded 2005 ///M3 e46 6MT 19", ZCP, Carbon Black, Black/Alcantara seats (sold, but not forgotten!)
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01-07-2011, 01:11 PM	#26
TheBry Major 139 Rep 1,020 Posts Drives: 2016 G12 750i xDrive Join Date: Sep 2007 Location: San Francisco, California iTrader: (0)	Bought outright. I drive my cars into the ground, so leasing wasn't really a good option for me (have 52K miles on my E93 M3 now), and I couldn't be bothered moving money around to make monthly payments to maximize interest. Paid cash... done with it. Car isn't a financial investment -- it's an investment in my soul. __________________ Past: 2008 M3 (E93) naturally aspirated V8 realness! Past: 2012 740Li (F02) M-Sport (European Delivery) Present: 2016 750i (G12) M-Sport
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01-07-2011, 01:15 PM	#27
Dave07997S Brigadier General 723 Rep 3,965 Posts Drives: 2020 Ford Mustang GT Join Date: May 2009 Location: El Segundo, CA iTrader: (1)	I leased..even with the lease the money factor I got makes the rate at 2.9% with a residual that at the end of the lease there could still be some equity. If you can take full advantage of the tax break that leasing provides and its a good lease I say lease the vehicle. Dave __________________ 2020 Ford Mustang GT 6MT PP1 444rwhp (Sold)2013 M3 Coupe-MR/BLK ZCP, 2011 M3 Coupe-MR/Blk 2007 Porsche 997C2S Speed Yellow/Blk sport seats 2004 BMW M3 Imola/Blk
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