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      12-13-2011, 08:10 PM   #1
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1 Year car?

Guys, i was curious as to if there was such a thing as owning a car for just a year, as in lease etc..? I could see if someone bought the car full out, and decided to sell, but otherwise Idk..

Looking to go to the auction tommorow, there is an AW 11' E92 coupe with 17k on the clock already and looks beat to shit. Odd? I'm sure if it had loads of problems, it could've just went back to the dealer?
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      12-13-2011, 08:20 PM   #2
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I don't know the answer to your question, but if it looks beat up, don't buy it.
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      12-13-2011, 08:34 PM   #3
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I don't know the answer to your question, but if it looks beat up, don't buy it.
+1 - stay away especially if it looks abused with only 17k miles!
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      12-13-2011, 08:38 PM   #4
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I don't know the answer to your question, but if it looks beat up, don't buy it.

Yea, I know.. i figured those who by new could chime in with leasing terms etc.

I just never knew there was a 1 year lease?
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      12-13-2011, 08:40 PM   #5
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A 1 year lease sounds like it would be rly expensive.

1 year old with 17k miles sounds like a theft recovery or a repo to me but I'm not an expert.
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      12-13-2011, 08:49 PM   #6
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One year leases aren't quite rare but they aren't as popular as they used to be. I used to see companies (during the boom days of the internet in particular) do a lot of 1-year 'executive leases.' There were companies in the Valley that would lease every new employee a BMW/Benz (not the high-end ones mind you) as an incentive (I recall some were setup to give the employees a new lease every year!) This was back in the day when investors were duped into believing that business models built on the approach of he who spends the most quickest gets there first and wins! Oh, the 'good' ole days...
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      12-13-2011, 08:53 PM   #7
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Quote:
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A 1 year lease sounds like it would be rly expensive.

1 year old with 17k miles sounds like a theft recovery or a repo to me but I'm not an expert.
According to "Operation Repo", which may or may not be my current favorite junk tv fix, apparently repo-ed luxury cars tend to be in great condition because delinquent owners rely on their slick ride to upkeep the image that they are still ballin' and flush with $$$$.
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      12-13-2011, 08:53 PM   #8
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thanks guys, we'll see what happens Tomorrow.
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      12-13-2011, 08:54 PM   #9
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Quote:
Originally Posted by Bimmer Freeeek! View Post
According to "Operation Repo", which may or may not be my current favorite junk tv fix, apparently repo-ed luxury cars tend to be in great condition because delinquent owners rely on their slick ride to upkeep the image that they are still ballin' and flush with $$$$.


I thought about this, pretty typical you go to auctions and you see a murcielago sitting all by it's lonely self and it's locked. You get a bit close to see "REPO" on the windshield. Don't believe this m3 is one though. Would have special notes attached.
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      12-13-2011, 09:05 PM   #10
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Quote:
Originally Posted by Bimmer Freeeek! View Post
According to "Operation Repo", which may or may not be my current favorite junk tv fix, apparently repo-ed luxury cars tend to be in great condition because delinquent owners rely on their slick ride to upkeep the image that they are still ballin' and flush with $$$$.
I've also seen the ROs smash / vandalize their cars as they are getting towed away on the same show.
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      12-13-2011, 09:11 PM   #11
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Maybe it varies by make? I visited a NorCal dealer this past summer that sells Benz and Porsches. The salesman told me the used Porsches they take in are typical if not a bit better cared for than average. The AMG Benzes in particular seem to be nearly always trashed requiring a lot more rehab. Not sure why nor which end the M is closer to...

Quote:
Originally Posted by Bimmer Freeeek! View Post
According to "Operation Repo", which may or may not be my current favorite junk tv fix, apparently repo-ed luxury cars tend to be in great condition because delinquent owners rely on their slick ride to upkeep the image that they are still ballin' and flush with $$$$.
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      12-13-2011, 11:53 PM   #12
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You can get out of a lease (or purchase) at any time. The original owner may have had many reasons for trading it in, and more than likely lost quite a few dollars on the trade. As for the mileage, I don't know the exact date, but the 2011 went into production in 2010, this car may have been in the original owners possession for well over a year. Have one of the dealers here run the VIN.
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      12-14-2011, 01:34 AM   #13
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Perhaps it was lemon lawed.
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      12-14-2011, 11:44 AM   #14
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Steve Jobs used to lease a new Porsche every 6 months so he didn't have to get tags.
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      12-14-2011, 02:03 PM   #15
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Steve Jobs used to lease a new Porsche every 6 months so he didn't have to get tags.
why?
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      12-14-2011, 03:38 PM   #16
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As I recall from reading, he didn't want the hassle of going to the DMV! In California (due to ibudget cut backs) it can take 6 months to get a plate so he just used this route. Question is - where are his former cars? Wonder if he sold them back to the dealer, gave them away, etc?

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why?
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      12-14-2011, 04:07 PM   #17
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Quote:
Originally Posted by rdollie View Post
As I recall from reading, he didn't want the hassle of going to the DMV! In California (due to ibudget cut backs) it can take 6 months to get a plate so he just used this route. Question is - where are his former cars? Wonder if he sold them back to the dealer, gave them away, etc?
+1, actually he used to lease a CL55 AMG. It took about 5 months for me to get my plates when I bought my brand new Z back in 08.

http://thenextweb.com/apple/2011/10/...license-plate/
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      12-14-2011, 04:08 PM   #18
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I'm no expert but generally what I've seen is that if it's a lease return that came back good as new, the dealer will put it on their lot. If it has been thrashed then they'll send it to auction.
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      12-14-2011, 04:12 PM   #19
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Also keep in mind that 2011 models were produced for a long time.

I believe the 2011 model year started in April 2010.
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      12-14-2011, 05:07 PM   #20
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Perhaps you can find one that was on a 2 year lease then take over the lease? That I see as an option. as the previous poster indicated 2011 production started in April 2010, allowing 2 to 3 months for Germany to US transport some one may have leased a 2011 in June or July earliest or later in the year etc ... so check the lease busters perhaps you can take over a lease with 1 year left.
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      12-14-2011, 05:41 PM   #21
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Quote:
Originally Posted by AndyzDad View Post
+1, actually he used to lease a CL55 AMG. It took about 5 months for me to get my plates when I bought my brand new Z back in 08.

http://thenextweb.com/apple/2011/10/...license-plate/
SL55
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      12-14-2011, 06:28 PM   #22
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Quote:
Originally Posted by IFX View Post
Guys, i was curious as to if there was such a thing as owning a car for just a year, as in lease etc..? I could see if someone bought the car full out, and decided to sell, but otherwise Idk..

Looking to go to the auction tommorow, there is an AW 11' E92 coupe with 17k on the clock already and looks beat to shit. Odd? I'm sure if it had loads of problems, it could've just went back to the dealer?
Yeah i def would not get involved with that. Seems like it would give you nothing but problems
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