Last post on Dec 06, 2013 at 7:58 AM
You are in the Sedans
What is this discussion about?
BMW 3 Series, Infiniti G37, Acura TL, Lexus IS 350, Mercedes-Benz C-Class, Cadillac CTS, Volvo S60, Audi A4, Acura TSX, Car Comparisons, Sedan
Sep 21, 2012 (10:03 am)
To say that one manufacturer is better than another because of the current lease terms or current incentives is not right. Every manufacturer in this segment has some kind of different incentive every month to move metal. We all know how they do it.
BMW subsidizes their leases with high residual values. According to BMWFS, after 30 months my 2011 328xi will be worth $26,406 with 50K on the odometer. My car is going straight to auction and they will loose their shirt. The car will be 3 model years old (with the 2015s coming out not too long after that, so almost 4) and the old body style.
Infiniti uses low money factors.
Mercedes-Benz uses conquest cash.
Acura uses loyalty cash & low APR. If you follow the "prices paid" or "lease questions" of any particular make/model it is apparent.
I'll be the 1st one to admit that my 2011 E90 328xi lease is a splurge for me. If it wasn't for the generous incentives ($2500 cash, sixty something percent residual value after 30 months, BMWFS makes 1st 2 payments up to $500 each) offered by BMWFS in March 2012 on leftover 2011 models, I'd still be driving my 2010 Acura TSX.
#14940 of 16984 Re: Second Place Misconception? [nyccarguy]
Sep 21, 2012 (12:19 pm)
I think you are right about the lease vs. buy tending to cloud or change the value analysis. I always buy and pay with cash. Keeps me from overspending and - especially when I had my 911 "fun" car - feeling guilty that I had payments due in January February and March with the car sitting in my garage.
Lease equations can lead to different results. When we just bought our X5d, I couldn't see paying $1,500 for the premium sound package given what I thought was nominal benefit. But if it had worked out to only $10 extra per month for 36 months due to the way BMW makes the numbers work, maybe I would figured what the hell and checked the box.
#14941 of 16984 Re: Second Place Misconception? [habitat1]
Sep 21, 2012 (1:18 pm)
I think the majority of us here on the ELLPS board DO NOT represent the typical buyer. We're enthusiasts, many of us would take a stick even if it meant giving up a few 10ths to 60 & a few mpg on the hwy (if it weren't for our wives), & we shop for the car we like to drive rather than wear.
There are people out there who have the mindset that a car payment is like another monthly bill. They like the smell of a new car every 2-3 years. If they are going to pay $500 a month (on a 60 month loan) for a loaded CamCord, then they might as well pay $600 a month (I'm just throwing this number out there) for a $45 - $50K BMW on a lease.
#14942 of 16984 Re: It finally happened [sweendogy]
Sep 21, 2012 (8:33 pm)
BMW has three option to purchase a car, typical financing, leasing and what BMW calls BMW Select. The BMW Select is very much like a lease, except there are no mileage restriction... So BMW has multi ways of buying a BMW.
BTW, BMW does not have a special for 18 months like the Infiniti, and no one can not lease a $45K BMW for $280/m with only $2200 out of pocket.
#14943 of 16984 Re: It finally happened [sweendogy]
Sep 21, 2012 (8:40 pm)
Why would people buy a second place car, for one, they can not afford the #1 car and to these people they are OK with second place... Example, my Rick, he is very happy with his Genesis, people don't usually give it a second look, which is fine with him, however, it has more standard feature then a 5 series and a MB E Class or Audi A6 for the same price as a base 328i...
#14944 of 16984 Re: It finally happened [flightnurse]
Sep 22, 2012 (1:25 am)
So, for Rick, the Genesis came in first place when he overlayed his price vs attribute ( ie value) priorities.
It bugs me a bit when I see car magazines do a comparison of cars and mix subjective value factors into determining a "winner". Just give me the objective facts about the cars. I'll figure out whether performance vs. luxury options vs. warranty vs. aesthetics determines the winner for me. And respect the fact that that might be different for the next guy. That doesn't mean one of us bought a "loser" .
#14946 of 16984 Re: It finally happened [flightnurse]
Sep 22, 2012 (4:15 am)
Flight you answered your own question- good stuff now you know why people would look at the g- it's performance and cheaper price and say- close enuf and the 15k I saved l
Sep 22, 2012 (4:29 am)
Those 18 month leases were quite attractive. Infiniti put those out there because they had a lot of inventory & a lot of people with leases set to expire in the next 12 months or so. They know the new G isn't ready & the current G is toward the end of its model run. People lease because they like change & variety. Instead of losing a pool of potential customers to BMW, MB, Audi, Volvo, Acura... They get them into THEIR new car for another 18 months. They probably waived a few months of payments & reduced their customer's current payment on the same car. Hopefully in 12 - 18 months their customers will lease a new, more powerful, more efficient, G.
Sep 22, 2012 (5:22 am)
I always try to say "nice car" if I see a cool car filling up next to me at a gas station. Last week I pull in & right behind me is an '09 328xi. We got out of the car at the same time & he was looking at my car. I smiled & said "nice car." He said, "yeah, you too. I really like the Silver."
I notice EVERYTHING about cars & saw as I was pumping 93 into my tank that he had selected 89 (mid grade). His car had the base (horrible looking IMO) 16" wheels that were on the '09s, he was fumbling with the windshield mounted GPS & it looked as if it hadn't been cleaned in 6 months.