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      10-02-2007, 03:31 PM   #1
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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
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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
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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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      10-02-2007, 09:33 PM   #4
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Quote:
Originally Posted by replicat View Post
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 View Post
lol, as for after warranty I guess you'll be screwed.
I guess so.
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      10-04-2007, 02:20 PM   #5
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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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