|
|
11-10-2012, 02:44 PM | #23 | |
Lieutenant
28
Rep 557
Posts |
Quote:
selling price was 68k mf .0012 residual 59% 10k per year @ 36 mos. $790 per month due at signing $1790 even when converting to your price, $979 seems high imho. |
|
Appreciate
0
|
11-11-2012, 02:58 PM | #24 | |
Major General
2739
Rep 6,734
Posts
Drives: 'E46 M3 Race Car, '23 X7
Join Date: Jan 2009
Location: Wisconsin - Instagram - @slicer_m
|
Quote:
When you lease you are paying for the depreciation of the car over the lease period plus an interest expense. How is that different than buying a car utilizing a loan and experiencing the same depreciation? If BMW charges you for too much depreciation then the buyout price at the end of the lease will be lower than the market value. Find a buyer or trade the car in and pocket the difference. If BMW doesn't charge you enough for depreciation then you just turn the car in. Now if you plan to keep the car long-term then there is a better argument for buying vs. leasing. I have leased cars in the past and I always take an opportunistic approach. When a manufacturer wants to move cars then they often apply incentives to the lease rates or residual prices to make the monthly lease payment low. When a car is hot, manufacturers charge high interest and payments are much higher. I have seen M3 lease rates range from $600's to $1200 depending on market conditions.
__________________
'23 X7
'04 M3 - Fall Line Motorsports Built Race Car - S65 swap, Dry Sump, Bosch Stand-Alone ECU, Drenth Sequential Trans, MCS 3-Way, Flossmann Wide Body, Brembo Motorsports Brakes, Drexler LSD, BBS E88 Etc. INSTAGRAM - @Slicer_M |
|
Appreciate
0
|
11-18-2012, 08:02 AM | #25 | |
Private First Class
33
Rep 174
Posts |
Quote:
I don't ever consider a vehicle as an investment so I don't look at the depreciation, but solely as an expendable item. I really don't need to justify my lease with you as this was simply a thread on a public forums requesting feedback on my deal, not your opinion on lease vs buy. I'm actually thinking of leasing an M5/M6 in the next 8 months (my other car's lease expires-2011 e90 3) |
|
Appreciate
0
|
11-18-2012, 08:45 AM | #26 | |
***EX-NSX***
8
Rep 162
Posts |
Quote:
I'm old fashioned I guess.
__________________
991 TT, 200 Land Cruiser 2 prior BMW 3 & 5 series & 2013 Limerock M3 |
|
Appreciate
0
|
11-18-2012, 01:07 PM | #27 |
Lieutenant
18
Rep 470
Posts |
You will be glad you're on a lease if you're ever in an accident, major damage, but not totaled.
Return the car at lease end, never have to deal with bad vehicle history when trying to sell it |
Appreciate
0
|
Post Reply |
Bookmarks |
|
|