Home Forums Articles How To's FAQ Register
Go Back   Xoutpost.com > BMW SAV Forums > X ///M Forum
Fluid Motor Union
User Name
Password
Member List Premier Membership Search Today's Posts Mark Forums Read

Xoutpost server transfer and maintenance is occurring....
Xoutpost is currently undergoing a planned server migration.... stay tuned for new developments.... sincerely, the management


Reply
 
LinkBack Thread Tools Display Modes
  #11  
Old 05-04-2012, 07:46 AM
stlcity's Avatar
Member
 
Join Date: Aug 2011
Location: Where winters are long
Posts: 139
stlcity is on a distinguished road
Quote:
Originally Posted by iMpower View Post
I am still researching the topic and looking at the pros and cons of leasing vs. financing.

Will have to go to the dealer and talk to their financial department.

Looking at the payment difference:

Lease for 36mo at 15,000 mi - $1,704/month

Finance for 60mo at 3.9% - $1,890/month

BMW Select for 36mo - $1,684/month

BMW Select for 60mo - $1,391/month

I'm still not quite sold on the BMW Select idea and will have to talk to the dealer about it.

Looking at the payment difference for the lease vs. finance it's roughly $200 difference a month, so I don't really think it's a valid reason/excuse to lease the car to "save some money". Anybody who can pay $1,700/month can certainly pay $1,900/month, and I don't think it'd be a deciding factor for them.

I'm definitely still undecided on the route to go, as I can't see a clear advantage of one over the other.
I was confused too when I went ahead with the deal. Leasing might not offer too much of advantage interms of monthly payments.

The problem though is if u get unlucky after the warranty is done: u will be responsible for expensive out of pocket repairs. With the lease: U can drop it off at the dealer and wash your hands off....Other advantage is U can drive a new car every 3years.

That being said I bought the truck because I was off the same mindset as U: always owned and drove cars until they would not drive anymore. That attitude is fine I guess when it comes to most Japnese cars since maintainance wont cost much. With the German ones: its another story....

Now looking back: I think I would have probably leased it if I have to do it over.

Only other aspect to think off is: if U are the sort of person that likes to mod the car with aftermarket stuff, buying maybe a better option??
Reply With Quote

Sponsored Links

  #12  
Old 05-04-2012, 10:34 AM
Member
 
Join Date: Oct 2011
Location: USA
Posts: 243
iMpower is on a distinguished road
Well, I just came back from the dealer where I spent a good half an hour getting educated by the financial director.

Here is what I learned:

1. Most people lease very expensive cars, because they get a new car every 3 to 4 years

2. It is cheaper to lease the car as the monthly difference does come together

3. In 7 years my dealer only did one BMW Select, so this option is out

4. He recommends leasing anything expensive as you will inevitably lose $ on the purchase

5. Another reason not to buy is because I would likely get a new X5M in 3 to 4 years

So.... I think I've pretty much sealed the idea of leasing the car! What a weight off the shoulders!

Thank you all for everyone's input
Reply With Quote
  #13  
Old 05-06-2012, 10:28 PM
Member
 
Join Date: Oct 2011
Location: USA
Posts: 243
iMpower is on a distinguished road
Now that I decided on the lease I do have a question.

What is the best term to go with?
Reply With Quote
  #14  
Old 05-07-2012, 01:25 AM
Member
 
Join Date: Jan 2011
Location: Sydney Australia
Posts: 240
JDM-20L is on a distinguished road
Having recently been investigating this for an XM too, I gotta say man leasing is cheap in the US compared to here!

I think I am going to finance/buy it because a lease is so expensive here AND the fact that come the end of term you have the equity of the vehicle value (provided no residual) to use as contribution towards the next car (trade in), thus bringing down the mount financed (next time), there's just too much of a gap between leasing and buying here which leaves more than enough for maintenance!

Obviously this is a variable between everyones circumstances.

I think if I were to lease I'd want the end of term to line up with LCI and/or new model release.
__________________
2006 E53 Kalahari Beige, X5 3.0d Sport [sold] | MY13 Audi A1 Ambition | 2004 911 GT3| W124 Estate
Reply With Quote
  #15  
Old 05-07-2012, 02:36 PM
Member
 
Join Date: Apr 2012
Location: US
Posts: 146
jspdr is on a distinguished road
Had some experience from working for financing @ BMW dealer a while back, just like to add my commend. Do the opposite from the financial director.
1. Most people lease very expensive cars, because they get a new car every 3 to 4 years
You can do this on a purchase contract.

2. It is cheaper to lease the car as the monthly difference does come together
Not necessary true. Cheaper because you commit to pay only a certain % of the vehicle value.
3. In 7 years my dealer only did one BMW Select, so this option is out
You don't know if it's true or it's a selling point.
4. He recommends leasing anything expensive as you will inevitably lose $ on the purchase
Lose money regardless. He recommended you because he/dealer will make a whole lot more.
5. Another reason not to buy is because I would likely get a new X5M in 3 to 4 years
You can do this w/purchase, by trade it in.

Regardless of your decision, one thing we know for sure is that you're going to enjoy the Ultimate Driving Machine. Good Luck
Reply With Quote
  #16  
Old 05-09-2012, 11:18 AM
Member
 
Join Date: Oct 2011
Location: USA
Posts: 243
iMpower is on a distinguished road
So, basically you're saying that if I want to keep the car for 3 to 4 years, I'd be better off buying it?
Reply With Quote
  #17  
Old 05-09-2012, 11:20 AM
Member
 
Join Date: Oct 2011
Location: USA
Posts: 243
iMpower is on a distinguished road
Another question about leasing:

Will I be able to use the BMW CCA $1,000 discount if I lease?
Reply With Quote
  #18  
Old 05-09-2012, 11:21 AM
Member
 
Join Date: Oct 2011
Location: USA
Posts: 243
iMpower is on a distinguished road
I am also not planning on modifying my car if I lease it.

Does window tinting count as "modifying"?
Reply With Quote
  #19  
Old 05-09-2012, 01:17 PM
Member
 
Join Date: Apr 2012
Location: US
Posts: 146
jspdr is on a distinguished road
I am saying regardless, a lease contract is more expensive than a purchase one. You can compare it with the same terms between the two, including Cap Cost, purchase price and the residual value. That is the reason why all the dealers push it hard to sell the lease instead of purchase. If you really concern about maintenance cost after 4year/50k miles, there are options like extended maintenance program, or trade it in after 4 years. If you are not going to put high miles to it and will be in great shape, most likely you will get higher trade in value. It is just my opinion.
I am not sure about window tinting. You can ask the tinting shop to match the percentage of tint from the back windows.
Reply With Quote
  #20  
Old 05-09-2012, 02:17 PM
Member
 
Join Date: Oct 2011
Location: USA
Posts: 243
iMpower is on a distinguished road
Well, dang it!
I was all settled on the lease idea and now I am doubting myself again!
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On





All times are GMT -4. The time now is 07:35 PM.
vBulletin, Copyright 2019, Jelsoft Enterprises Ltd. SEO by vBSEO 3.6.0
2017 Xoutpost.com. All rights reserved. Xoutpost.com is a private enthusiast site not associated with BMW AG.
The BMW name, marks, M stripe logo, and Roundel logo as well as X3, X5 and X6 designations used in the pages of this Web Site are the property of BMW AG.
This web site is not sponsored or affiliated in any way with BMW AG or any of its subsidiaries.