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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
10321 messages, Last post on Dec 08, 2009 at 5:31 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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Hello all, I have 2002 325iT Sportswagon with 58,995 miles. I have just recently completed Inspection II at local BMW dealership. However, they did tell me that my belts are cracking and needs to be replaced ($250) and the boots/bushings need to be replaced as well ($450). I have already set up an appointment to fix the busings and replace the belts, then got suspicious as my boss's 330Ci had to FIX THE EXACT SAME ISSUES when he had done his 60K Inspection done a month ago. Do the belts and bushings need to be replace at 60K? Or does this seem like a gimmick? I am strongly considering taking the car to an independent BMW mechanic for an estimate. However, I am afraid that going to independent mechanic will devoid my CPO extended warranty. Is my local BMW center pulling my leg? I know this is a fine luxury car, but maintenance cost is way above my head. Any advice would be appreciated. |
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I need some advice on leasing a BMW. First off i am not sure if i want to lease or buy a car currently. So i decided to take the car on lease for 24 months or 36 months term and then buy it then if i still want to keep it. Would i be losing much money taking this route if i decide to buy after my lease term ?? Thanks for any response msavius
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Replying to: msavius (Jul 24, 2006 6:02 pm) Extra costs: Acquisition fee ($625) Savings: Lower finance charges.. The current money factor equates to an APR of about 4.8%, which would be hard to get on a car loan.. Other issues: Depending on your state, the tax treatment of the lease could mean some extra money, as you'll have to pay sales tax again, when you purchase the car off-lease. Interest rates could be higher when it is time to finance the car, once the lease has expired.. So, unless you live in Texas or Illinois (sales tax issues), then it shouldn't be much more to go that route.. But, it is hard to buy a car off lease, when you can go lease another new one for the same payment...  regards, kyfdx |
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