Did you lease, finance, or?
 

rumors have it 95% of new bmws in socal are being leased
just curious what the choices are these days for the e70
:popcorn:

company cars are certainly leased for the legal benefits.

but private owned? i think leasing is still quite expensive.

Company - Leased.

I've done both.

my current one is leased and the new one comming is personal,

i think that it really does depend on the spec which you choose, leasing is a good option if you dont want to stump up the huge deposit for the vehicle or your looking at loosing it within a business but in doing that the personal tax implications are quite high in the uk.

most lease companies in the UK are offering the X5 at very resionable rates as long as the vehical is relitivly standard, ie leather media pack and metalic, once you start adding the extras over and above that the price snowballs as they just add the option to the lease price and divide it down by the term.. in most cases the deals are currently on the 6+23 option ie 6 payments down and 23 payments over 2 years

i have found the x5 for as little as £510 a month (in a standard form) once i added my spec to this that figure rose to £920 per month over 2 years so doing the math that would work out to a total value of nearly £26,680 (including the 6 payments) over the 2 year term..

after looking at that i seen there was no way the car would depreciate that amount over the 2 years! i think the depreciation will be somewhere in the reagion of 14k ...so in purchasing the vehicle i saw i could have quite a good spec for less money than the leasing company wanted for a basic model.

this is the reason i chose personal this time around ...if it was a 5 year old design the leasing would be a much better option...

Im not sure of the business tax implications in the US and other countires but here it becomming silly !

Totally agree, in the UK anyway. You give enough to the car manufacturer and tax man without giving some finance company your hard earned cash.

This press release from 11/07/07 may be of interest to you:

Land Rover Range Rover Sport Tops October LeaseTrader.Com Index
2007-11-07 10:32 (New York)

Index Monitors Most Popular Lease Vehicles in America

MIAMI, Nov. 7 /PRNewswire/ -- LeaseTrader.com, the company that helps
consumers facilitate car lease transfers, announces its monthly Index for
October, with the Land Rover Range Rover Sport topping the list of America's
most preferred leased vehicle.
(Logo: http://www.newscom.com/cgi-bin/prnh/...05/CLTU058LOGO )
The Land Rover Range Rover Sport is built on a similar platform based on
the Land Rover 3, but with a revised suspension and a fresh body design. The
Range Rover Sport is best known for its combination of ruggedness, agility and
luxury. The Range Rover Sport is moderately priced, and is also known for
being more comfortable on the road, than off.
"Heading into the colder months of the year, most leasing customers are
starting to make that shift in preference for vehicles that perform better in
the elements," said Sergio Stiberman, CEO and founder of LeaseTrader.com.
"With a stylish look, comfortable interior and powerful handling, the Land
Rover Range Rover Sport became October's most preferred lease vehicle."
LeaseTrader.com publishes a monthly Index of America's most preferred
vehicles for lease transfer. The Index is based off user activity on the Web
site, which includes thousands of today's vehicles in almost every brand, make
and model.
Following are the top-ten most popular transferred lease vehicles in
America during October, according to user activity on LeaseTrader.com:

1. Land Rover Range Rover Sport
2. BMW 3 Series Coupe
3. Mercedes C230 Sports Sedan
4. Infiniti G35 Coupe
5. BMW 5 Series
6. BMW X Series SUV
7. Mercedes R350 Sports Tourer
8. Lexus is 250 Sedan
9. Mercedes E350 Sedan
10. Hummer H3 SUV

About LeaseTrader.com
LeaseTrader.com is an innovative provider of auto lease transfers that
easily and affordably matches people looking to transfer car leases. Available
to users nationwide, the service helps to match individuals looking to get out
of their car lease early, with people looking for short-term leases. Privately
held and founded in 1998, LeaseTrader.com is headquartered in Miami. For more
information visit www.leasetrader.com, or call 800-770-0207.

SOURCE LeaseTrader.com

CONTACT:
John Sternal, Vice President of Marketing Communications, LeaseTrader.com, +1-
786-264-5457 - O, +1-954-592-1201 - C, [email protected]
-0- Nov/07/2007 15:32 GMT

I've paid cash for all three of my X5s - don't see the point in giving money to finance companies for no reason. The only downside is the depreciation but - as said up above - it normally works out cheaper that way in the UK.

off topic mode

you are quite an x5 buyer :) ( looking at your signature)

/end off topic mode

I financed mine, but just got the title a couple of weeks ago...