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Sedans BMW 3-Series BMW 3-Series Maintenance and Repair
4446 messages, Last post on Nov 29, 2009 at 12:04 PM
You are in the BMW 3-Series Forum. Your Hosts are pat & karens
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Replying to: pat (Jun 10, 2009 8:18 am) |
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Replying to: idoc2 (Jun 10, 2009 6:46 am) My Dad pays $960 per month to lease his '07 X5 3.0si with Premium/Sport/Cold Weather. He leased the truck for 30 months with a 20,000 mile per year allotment. So after 2 1/2 years & 50,000 miles he walks away from the truck (He's under the warranty/free maintenance period for the duration of the lease). He drives to work every day with 2, 2 year old Great Danes who shed like crazy no matter how often he gets the car vacuumed out. Lets say for arguments sake that he financed the X5 and his payments were $1000 per month for 5 years. After 5 years he'd have an X5 with 100,000 miles (which is not unreasonable) worth how much? Now in addition to the $1000 per month he pays for his hypothetical loan, he'd have to shell out for an Inspection II major service (60K), an oil changes (75K), & another Inspection I major service (90K), plus since the X5 isn't exactly a light vehicle there is a good chance he'd chew through a set of (4) pads and rotors. I know all about indie mechanics, but they don't provide loaner cars and my Dad CANNOT be without a vehicle (He is the president of our family's plumbing supply business & my boss).
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Replying to: nyccarguy (Jun 10, 2009 7:23 pm) Your analysis fails to mention the "capitalization reduction cost" (down payment) on the lease. Also, there is no way you can buy a $60K car and pay $1000/month for 60 months. And yes after 100K miles an X5 would have at least $10K of value if you sold it. Don't kid yourself, leasing is not cheaper in the long run its simply a play on cash flow. The most cost effective way to buy any vehicle is pay up front with cash (and if you can aggressively depreciate it as a business expense)
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| I rencently bought a 1999 BMW 328 I and I have to do my first oil change. I called 2 people to inquire on price and 1 told me that the price includes a German Filter, the other one didn't mention anything about a German Filter. Is it necessary to use a German Filter? If so, why? | |
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Replying to: joann3 (Jun 11, 2009 8:59 am) Best regards, Shipo |
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Replying to: shipo (Jun 11, 2009 10:38 am)
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Replying to: joann3 (Jun 11, 2009 11:11 am) Best regards, Shipo |
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Replying to: joann3 (Jun 11, 2009 11:11 am) Good Luck!! |
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Replying to: idoc2 (Jun 11, 2009 4:45 am) The cap cost reduction on the lease is $0. We don't put money down on leases. It is cheaper to buy cash and keep a car for 8 - 10 years. Leasing isn't cheaper, but sometimes does make more sense (no pun intended). |
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