advise please???

[DINANM3]

i would dump it now cash out and get what you really want why wait. It is only going to depreciate. The reason why you should convert it from lease to loan is because it is a lot easier to sell or trade it if it is a loan.

[B-Line]

Well,

To try to help..

Your first mistake was leasing. When you did your lease you paid either a $500 or $750 acquisition fee. So, with a quick turnover, you just lost that $$$.
- Secondly, you didn't flip it right away. Now it is a used car. I am not sure the exact price of a new 3.0, but your car has took a $5K derpecation the minute you drove it off the lot. And, it is at the end of the model year of 20005.

- To boot, the minute you turn your lease into a loan, you have to pay tax on the full price of the vehicle, not just the part you are leasing.. So be prepared to pay a whopping check at the DMV when you switch registration to ownership under a co-owner agreement (BMW is your co-owner.)

So, between the lease payment, the new tax payment, the depreciation.. Don't expect to make any money at all. You would be lucky to break even and you still have to find a buyer.

My suggestion, YOU GOT AN AMAZING DEAL... Keep the car, enjoy it, the 3.0 is not slow.. And smile everytime you got into it knowing you saved $10K..

But just to be clear, as soon as you run the real numbers of the costs, finance payments, taxes, resale... You will turn a great car deal for you into a "break even" If you don't care about the $$$ and just want a 4.4, 4.8..
I would consider even going back to the same dealer, tell him you want a bigger engine. I am sure they will be happy to take back the 3.0, put you into a bigger engine and still give you a good deal. It will give them a chance to recoup some of their losses. So maybe you guys can split the difference. They will give you an amazing deal on a new one, have a pristine 3.0 that they can sell at a profit, and you get the car you want..

B

[HBERBOUT123]

Originally Posted by B-Line

Well,

To try to help..

Your first mistake was leasing. When you did your lease you paid either a $500 or $750 acquisition fee. So, with a quick turnover, you just lost that $$$.
- Secondly, you didn't flip it right away. Now it is a used car. I am not sure the exact price of a new 3.0, but your car has took a $5K derpecation the minute you drove it off the lot. And, it is at the end of the model year of 20005.

- To boot, the minute you turn your lease into a loan, you have to pay tax on the full price of the vehicle, not just the part you are leasing.. So be prepared to pay a whopping check at the DMV when you switch registration to ownership under a co-owner agreement (BMW is your co-owner.)

So, between the lease payment, the new tax payment, the depreciation.. Don't expect to make any money at all. You would be lucky to break even and you still have to find a buyer.

My suggestion, YOU GOT AN AMAZING DEAL... Keep the car, enjoy it, the 3.0 is not slow.. And smile everytime you got into it knowing you saved $10K..

But just to be clear, as soon as you run the real numbers of the costs, finance payments, taxes, resale... You will turn a great car deal for you into a "break even" If you don't care about the $$$ and just want a 4.4, 4.8..
I would consider even going back to the same dealer, tell him you want a bigger engine. I am sure they will be happy to take back the 3.0, put you into a bigger engine and still give you a good deal. It will give them a chance to recoup some of their losses. So maybe you guys can split the difference. They will give you an amazing deal on a new one, have a pristine 3.0 that they can sell at a profit, and you get the car you want..

B

you have a point.. i will keep the car perhaps buy it in the end of the lease ( i bought a extended warranty 1500 when i first least it)

i love the feeling of may be im the first one who make money from the ste@ler

i read recently in this forum that 3.0 and 4.0 close in acceleration so perhaps i will not feel the diffrence

over all i love the car its amazing realy drive like 325 sport sedan if im not mistaken better handling than my 1996 325i

[HBERBOUT123]

thank you guys for aLL THE HELP

one more question?
my payment now arround 500 which is very low for X5

assuming i will not will be go over the milage 3yr/10k

SO is it better to continue lease the car when my contract expired or buy it at that time and what the diffrent?

[B-Line]

10K miles a year is not a lot.. Most average over 12K.
So, if you go over, at .2O cents a mile.. Lets say you do drive 12K a year, you are going to owe BMW $1200 at the end of your lease (.20x2000x3=1200) You might want to purchase more mileage now. It will only cost you .15 cents/per mile if you buy in advance.

Also, at the end of the lease, look at what the TRADE IN or WHOLESALE VALUE of the car is. If what the purchase price would be is lower, than consider buying.. But understand you still have to pay tax on the purchase price. So if it is within $1000 (which it probably will be..) you will not make money on it..

Here is what I would do, keep the car, enjoy it, maybe pay a few extra bucks to add some more mileage allowance.. When the lease is over, be done with it.. Turn the car in, hand in the keys, smile because you had a great deal and move on to your next vehicle.

If you are in the market for a 4.8is, you probably have some disposable income. Any insignificant money you could make will not be worth your time. Again, we are not talking big dollars here. If you run all the numbers you are going to find only a difference of a few hundred dollars either way.. Certainley not worth your time...

Make sense?
B

[HBERBOUT123]

so if the car in the end of the lease will worth arround 30000 thats the residual value
my total payment at that time will be arround 20000

so basicaly ican pay 10000 to own the car? you mentioned taxes, will they tax me on the 10000 or the total price?