Quote:
Originally Posted by BGM
A 10 year note on a boat is normal it's a recreational craft. Having 8 years of car payments you are throwing good money towards a depreciating asset on top of spending $ to maintain it--not a good move.  |
He's already had to rebuild the boat engine twice, maintenance, and though it might not be depreciating at as high of a rate as an automobile, its sure to depreciate...
You believe what you want and I'll believe what I want. As far as maintenance goes, your going to have that on ANY vehicle, new or used, unless you live somewhere with great public transportation, if thats the case you don't even need a car. With BMW, most maintenance is included for the first 4 years, and you can add on an additional two. So in the end your only liable for 2 years of oil changes. Please don't count tires, etc, because you'll need that stuff on whatever you drive...
This has gone quite a bit off topic, I was just stating that in my opinion, leasing isn't such a bad option for some. I've yet to lease anything, but I almost leased said M3 I previously posted about. My ZHP was purchased 37 months used, CPO'd, and it should be paid off in the next 12 months, about 12 months early. Had I not gotten ahead on payments, in the end I would have a paid-off 8 year old car. All I was getting at was the fact that I might have preferred to purchase a used car from myself. In that I could have leased an e90 for 36 months, then financed the remainder for 60. Check out e90post.com, with the recent downturn in the economy, some purchasers that did just that were able to negotiate even more $$ off their balance owed at the end of the lease because BMWFS didn't want to flood their dealers with e90's at such a bad time. One guy did very well, in the end somewhere around $8000 off between initial negotiation and pay-off negotiation. Sure some leasing fee's and interest expense will offset that savings, but those cost are associated with any purchase that is not paid for in cash...