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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
10319 messages, Last post on Dec 07, 2009 at 12:34 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Currently, I have an '03 330xi (premium, nav, auto, heated seats, xenon, 37,000 miles) My lease is coming to an end and I was going to buy-out my car. The buyout price is $27,000. If I include extended warranty & maintenance, it brings the total to $31,000 excluding tax etc. PLease advise on the following: 1. Is the extended warranty/maintenance ($4,000)worth it? (I cannot do any maintenance myself) 2. I will have to finance it for 3 more years (8%) What is expected additional costs should I keep it. 3. At $31,000 for a 3 year old car, should I just buy a new '06 A4 w/ same options for $5,000 more? I went to Audi dealer today and will get it $600 below INVOICE if I decide by end of week due to some kind of dealer incentive. I cant decide what to do. I LOVE my car but $31,000 seems like a lot for a 3 yr old car. I know Im not comparing apples to apples, obviously bmw is better (drives better, smoother, looks better etc), but its older and I feel like I should take advantage of the A4 deal. At the same time I dont really know how reliable A4 is. Basically, I want the least amount of problems (reliablity very impt.)HELP ME!
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Replying to: kjh78 (Jul 23, 2006 6:09 am) One other possibility.. There is a very good chance that the price your dealer would pay for your car, if you were turning it in, is much less than your buyout of $27K.. Ask your dealer if they can buy your car, CPO it, add the extended maintenance extension, and sell it back to you for less than the $31K.. They might be able to knock off another $1K-$2K off of that $31K.. But, IMO, even that would still be a lot of money for an '03 330Xi.. I'd rather lease a new BMW or Audi... regards, kyfdx
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Replying to: kyfdx (Jul 23, 2006 7:51 am) |
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Replying to: kyfdx (Jul 22, 2006 11:42 am) Sorry to response to a quick answer with another quick question, but a colleague told me that someone in my position would be better suited to finance the car (even though it would require higher monthly payments) and keep it for a minimum of 3-years. If, after 3-years, I decide to sell it (even though it's not fully paid off), I can sell the car and have the new buyer pay off the remainder or just simply continue making the monthly payments. Either way, it'll be cheaper than leasing it. It sounded like a pretty crazy idea at first, but then it began to make a little sense. Everyone knows leasing a car is the most expensive method of purchasing a car. Actually, you're not even purchasing it, just renting it. Anyways, sorry about asking so immediately before doing some more research on my own, but it's just been on my mind.
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Replying to: boxcar1971 (Jul 18, 2006 9:19 pm) thats the one problem with this forum.... if people would read back 50 posts or so, the sames questions you are asking have been asked and answered in the last 2-4 weeks. Overall, very good info though and helped me quite a bit !! |
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Replying to: newcar45 (Jul 23, 2006 4:10 pm) BMW does offer pretty good lease deals, generally, so that makes the decision a little harder.. The only quibble I have with your plan.. When you sell your car, the loan must be paid off. As the car is collateral for the loan, you can't just keep paying on the loan after the car has been sold. Also, there is no guarantee that the car will sell for more than the amount that you owe on it. That is a problem that you don't encounter at the end of a lease. Whether you buy or lease, you still end up paying for the use of the car...The longer you keep it, and the more mileage you drive, the more it costs.. the two are not as different as they seem.. Leases can be good deals, but they aren't for everyone. regards, kyfdx
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Great site with the best info. We are expecting our first child this Fall and need to get into a new vehicle. I have narrowed my search to a BMW 330i. My question is to Lease or Buy? I have a friend who is a GM at a BMW dealer so I know I will get the best deal, invoice for buy and best MF/residual for a lease. We are trading in a 2002 F-150 with 12K equity. Not sure if it makes more sense to lease and invest/bank the equity or buy with a big down payment. Also am starting to see used 330i's and CPO models coming on the market. Just need some advice for what makes the most sense for the BMW. Thank you for your help! |
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Hi, I was wondering if there would be a 2007 model for the 330 or 325 sedan? I know that the 2006 is the new redesign and there would be no significant changes but would BMW release a model labeled 2007? Thanks
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Replying to: jared1000 (Jul 23, 2006 9:52 pm) http://bimmerfest.com/forums/showthread.php?t=156993
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Replying to: blueguydotcom (Jul 23, 2006 10:45 pm) |
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