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Sedans High End Luxury Cars
24700 messages, Last post on Dec 01, 2009 at 12:24 PM
You are in the Sedans Forum. Your Hosts are pat & karens
Let's try to define this forum as being limited to luxury performance vehicles where the mainstream version in a typical configuration has an MSRP of at least $60k.
A luxury vehicle with a base price of $59k qualifies because it would typically be bought with some additional equipment, bringing the MSRP over $60k.
Vehicles like the E, 5, A6, M, or GS, even if available in certain versions over $60k, don't qualify because they are cars from companies that have higher end cars in their lineups.
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2006 top 10 manufacturers in retaining customers as reported by J.D. Powers: Toyota -- 63.9% Lexus -- 63.2% Honda -- 60.3% BMW -- 56.5% Scion -- 56.3% Cadillac -- 55.5% Chevrolet -- 55.3% Mercedes-Benz -- 53.6% Ford -- 53.3% Hyundai -- 51.6%
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Replying to: ctsang (Jan 02, 2007 7:35 am) |
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Replying to: ctsang (Jan 02, 2007 7:35 am)
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Replying to: lexusguy (Jan 02, 2007 8:10 am) link title |
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This is interesting. A genuine purchase incentive that has nothing to do with leasing. Imagine that!  click here for the article Maserati claims it is a one time offer. Don't all rush at once. The real deal-breaker, however, is that the offer is on the '06 Q's... obviously to make way for the '07's much-improved automatic transmission. TagMan
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Replying to: lexusguy (Jan 01, 2007 9:41 pm) This is why they have horse races (and on-line forums). |
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Dewey, I'm very surprised, for someone who claims to be a working pro in the financial industry, you would even make these arguments, much less without studying the numbers that I presented. Well, well aint that a shocker. Yes I am a financial professional who makes a livelihood in picking stocks. Unbelievable isn’t it? So since we want to talk numbers, why dont we? Unfortunately the numbers you have provided are BUNK . You state the following: 1) That's more than 8.5 years, when you are finally coming out even on a per month cost basis with someone who is about to turn in his fourth new car in that same time span. Oops have you not forgotten something in that comparison of yours above? You've heard of resale value, haven't your? I realized a 35 percent resale value on my 8 year old BMW. In otherwords your breakeven analysis is 35 percent off in my particular case. YIKES!!!! Brightness this is a bit of an embarrassing oversight on your part don’t you think? 2). I stated the following: The lease deal you are mentioning above may not apply to the car that someone actually wants especially a hot selling car You stated the following: The same residual applies to every model of the car, regardless what configuration you pick; in fact I was talking about your self made capitalizations not residuals. And in the case of certain cars there is no way you are going to get a 92 percent capitalization (not in your wildest dreams). 2) That's assuming not having any major problem at all, which is unrealistic for an 8+ year old BMW. Nope that is no assumption. That is based on my actual experience of 8 year BMW ownership. 3) 1) ever heard of gap insurance? It's like $40 a year; some leases include gap insurance. Yes I have. But I did not include gap insurance in my prior post since I did not know they were so cheap (in fact I found out here in Canada gap insurance for some brands are included in the lease). I was not updated on the low quotes available for gap insurance since I’ve never leased a car before. Shocking eh! Imagine a financial professional not knowing that? 4) different residual rates are available for different mileage allowances; average mileage by definition is applicable to most drivers. In case you did not notice, BMW and MB are heavily skewed towards the prosperous urban areas on the coasts (for Canada that means lake coast and Pacific coast, within 75 miles of US border), not the great interior where people actually do drive a lot of miles The mileage for that BMW lease you used as an example was set at 10K miles per year. Let me inform you that people do not have to live in the great interior to drive beyond that mileage. Annually I drive far beyond 10K miles a year. And I do hope you are informed enough to know that high mileage can kill the benefits of a lease. 5) (4) but why? if getting a new one every 27 months is cheaper? That also cures the urge to dive into hot deals like the 335i prematurely at MSRP before M3 comes along and depress 335i prices. Your near-100% MSRP over the next 8years (96 months) can not begin to compare to someone who picks up a 328i for 27mo at 18% MSRP, then a 335i for another 27mo at 18%MSRP, then another 338i (with higher boost), then a 340i, all assuming average driving pattern I don’t care? I look forward to driving my car many years ahead. Why would I sell my 335i and expose myself to the high depreciation costs through leasing or buying a brand new 09 340i? It makes no sense to me whatsoever. Although I do salute Howard who likes driving a new car every two years. I repeat that such a choice is a lifestyle choice not a shrewd financial choice. 6) Brightness what on earth do you know about Warren Buffett? Sounds like you are mixing up Warren Buffet's lifestyle with the lifestyle of an Arab Sheikh named Abdul Al Beffett. 7) Well, buying hot cars at MSRP certainly does not jive with shrewed money management, As I said I think you are mixing up life style choices with financial choices. Who the hell buys luxury car for shrwed money management reasons anyways? I buy my cars strictly for pleasure.
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Replying to: lexusguy (Jan 02, 2007 5:25 am) M |
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Replying to: dhamilton (Jan 02, 2007 7:10 am) Nope, because that isn't totally the case. C&D seems to think the E is more agile too, while the Audi has more grip. I still haven't seen the MT test yet either. M
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Replying to: tagman (Jan 02, 2007 4:40 pm) Thanks but no thanks. What is a performance car with a compromised transmission? Not much in my opinion.
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