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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

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      01-06-2011, 11:41 PM   #1
tlp
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Bought, Leased or Financed?

I'm curious about the acquistion paths that most of the people have taken here. Please specify in the poll whether you Bought, Leased or Financed your current M3.
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      01-06-2011, 11:46 PM   #2
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plan on spreading the cost over the next 20 years, as ive done with all my cars...we have a garage full of 10+ beaters with the oldest being a 1984 toyota..M is the newest addition to the family
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      01-07-2011, 12:00 AM   #3
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bought my e46m cash last year.

Waiting ever so patiently to do the same with the e9xM, within the next 3 months.
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      01-07-2011, 12:10 AM   #4
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I financed my E46 last fall. So I guess the bank owes it for the next 5 years
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      01-07-2011, 01:41 AM   #5
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paid in full. Bought my first one and had to sell it because i over leverage. Never again! Saved and paid this one in full

I have done that ever since for ever car i have owned.
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      01-07-2011, 02:39 AM   #6
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Quote:
Originally Posted by GhostRideTheWhip View Post
65% of BMW's are leased.

most of the CAs i spoke to and asked this question they gave me 8 out of 10 are leased
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      01-07-2011, 02:42 AM   #7
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Lease all day long.

Every 2-3 years, new car. What could be better (well, maybe the tax write offs)
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      01-07-2011, 03:15 AM   #8
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saved and paid in full .
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      01-07-2011, 03:19 AM   #9
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financed 0.9%, if BMW wants to offer me near interest free money then who am i to refuse?
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      01-07-2011, 03:58 AM   #10
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Quote:
Originally Posted by FStop7 View Post
financed 0.9%, if BMW wants to offer me near interest free money then who am i to refuse?
That's a really good rate, we don't get anything like that in Canada. I am wondering if u can get discount as well when u get such a good rate? Because I got 10% off from what they were asking for because I paid cash.
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      01-07-2011, 09:12 AM   #11
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Quote:
Originally Posted by FStop7 View Post
financed 0.9%, if BMW wants to offer me near interest free money then who am i to refuse?
+1

Paying in cash makes no sense when rates are this low.

I also did the "select" option so I am only paying on about 75% of the sale while I put the difference into (solid, growth) stocks to pay off the balance later while making money on it.

Quote:
Originally Posted by Prince_of_Persia View Post
That's a really good rate, we don't get anything like that in Canada. I am wondering if u can get discount as well when u get such a good rate? Because I got 10% off from what they were asking for because I paid cash.
Yes, both low rate and near invoice pricing. Others have even gotten a low rate and at or below invoice pricing.
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      01-07-2011, 09:16 AM   #12
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Quote:
Originally Posted by FStop7 View Post
financed 0.9%, if BMW wants to offer me near interest free money then who am i to refuse?
+100 to this guy. I am BUYING my car, but I am also financing it... because it seems crazy to leave the .9% offer sitting on the table.

So I don't really think financing and buying should be a separate choice.

I could afford to pay for my car in cash but why would I spend all that money at once, when my money is definitely earning more than .9% in it's various investments???

Just a little common sense here. And not everyone is an accountant.
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      01-07-2011, 10:20 AM   #13
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Financed.
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      01-07-2011, 11:40 AM   #14
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Quote:
Originally Posted by mkoesel View Post
+1

Paying in cash makes no sense when rates are this low.

I also did the "select" option so I am only paying on about 75% of the sale while I put the difference into (solid, growth) stocks to pay off the balance later while making money on it.
I wanted to the BMW Select too, but my CA said BMW Financial does not allow this in WA. That select thing combined with .9% apr is a steal.
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      01-07-2011, 11:58 AM   #15
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'06 Vette plus cash.
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      01-07-2011, 01:30 PM   #16
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I was going to purchase outright but with .9% financing and the $1500 holiday incentive it was a no brainer to finance part of it just to lock in the $1500. I can pay it down completely after 3 payments if I want without forfeiting the incentive rebate.
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      01-07-2011, 01:38 PM   #17
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plan to pay cash in a few months but ive been saving hardcore for 2 years
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      01-07-2011, 01:45 PM   #18
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I like reading you guys who understand that a low rate is a good thing...

that paying cash would be financially ignorant when such great rates (esp when combined to BMW Select) are available.

Put it in a nice high-yielding dividend stock and you're good to go.

Or day trade, or real estate... or anything

60-90k cash at once is... not the best idea unless you have a million or so lying around (and even then its still better to finance)

Though I leased mine

BMW Select would have came out to about $1000/month + the Balloon due at the end.

Lease payment of $811 tax included w/ drive-off couldn't be refused
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      01-07-2011, 02:01 PM   #19
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I will lease next time around. It's the better way to go.
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      01-07-2011, 02:12 PM   #20
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Throughout my life, I have financed and I have leased cars.
I know for certain now that I am a "buyer" profile.

I financed my new M3 using BMW Select.

In my experience, leasing only works if:
1) You can conform to the mileage limit.
2) You can conform to the time constraints.
3) You don't mod your car or at least don't mind modding a virtual rental.

If you can do those three things, then a lease deal is for you.
You will pay less out-of-pocket.

I can't do any of those three things. So I buy.
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      01-07-2011, 02:29 PM   #21
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Quote:
Originally Posted by James T. Kirk View Post
Throughout my life, I have financed and I have leased cars.
I know for certain now that I am a "buyer" profile.

I financed my new M3 using BMW Select.

In my experience, leasing only works if:
1) You can conform to the mileage limit.
2) You can conform to the time constraints.
3) You don't mod your car or at least don't mind modding a virtual rental.

If you can do those three things, then a lease deal is for you.
You will pay less out-of-pocket.

I can't do any of those three things. So I buy.
I agree. I mod and put a lot of miles on my cars so I bought (financed) the M3. My wife's 2.5 year old 335i only has 18k miles on it so we will probably lease her car next round.
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      01-07-2011, 02:42 PM   #22
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Financed!
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