- #7759 of 10278
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Re: Purchasing 2007 328i [dougsilver]
by JingleJill
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May 09, 2007 (4:24 am)
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Replying to: dougsilver (May 08, 2007 1:06 pm)
Most people cannot afford to "purchase" a BMW which is why they lease. They also are not TRUE BMW fans, they just want the name and that is one way to get it. ;o)
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- #7760 of 10278
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Re: Purchasing 2007 328i [JingleJill]
by tcn2k
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May 09, 2007 (6:17 am)
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Replying to: JingleJill (May 09, 2007 4:24 am)
That is total BS JingleJill! All my cars are bmw and this last one, I did the math like dougsilver and lease my 335i instead of purchasing like I normally do. I think people are beginning to realize the benfits of leasing since they get a chance to purchase it afterward. Even if folks just want to lease, I wouldn't call them non "TRUE BMW" fans either. The payment on these vehicles aren't cheap like an audi or an accord etc.
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- #7761 of 10278
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Re: Purchasing 2007 328i [tcn2k]
by circlew
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May 09, 2007 (7:22 am)
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Replying to: tcn2k (May 09, 2007 6:17 am)
Agreed. I could have paid cash for my 330xi but decided to lease. I will consider the 335 next in 2008. I will lease again waiting for the 340 in 2011.
Regards,
OW
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- #7762 of 10278
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Re: Purchasing 2007 328i [circlew]
by kyfdx HOST
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May 09, 2007 (7:28 am)
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Replying to: circlew (May 09, 2007 7:22 am)
Well... I couldn't have paid cash for my BMW.. But, considering that I leased a $50K car for less than the typical lease payment of a $35K Acura TL, I'll learn to live with the shame.. 
Where I come from, saving money is considered a good character trait.. 
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- #7763 of 10278
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Re: Purchasing 2007 328i [circlew]
by jenno2
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May 09, 2007 (7:30 am)
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Replying to: circlew (May 09, 2007 7:22 am)
I am not arguing who is the true BMW owner. I just drive too many miles to have a lease make sense. Therefore, I was wondering about the actual purchase price vs. lease costs on this forum. Thanks. I wish I could lease, it makes alot more sense if you keep the car a short time.
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- #7764 of 10278
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Re: Purchasing 2007 328i [jenno2]
by kyfdx HOST
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May 09, 2007 (7:32 am)
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Replying to: jenno2 (May 09, 2007 7:30 am)
If you read the leasing posts, you'll see that almost everyone lists their selling price vs. the MSRP...
You can use that info for buying the same vehicle..
regards,
kyfdx
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- #7765 of 10278
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Re: Purchasing 2007 328i [kyfdx]
by circlew
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May 09, 2007 (8:03 am)
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Replying to: kyfdx (May 09, 2007 7:28 am)
Also, leasing doesn't make you less of an enthusiast. The money you saved just makes you a financially advanced one that likes to drive as opposed to merely getting from one place to another!
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- #7766 of 10278
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To all the latest posters
by dougsilver
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May 09, 2007 (8:19 am)
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Is there a basic primer regarding the terms that are thrown around like "money factor", etc. In the one or two times I talked to brokers about leasing, my impression was that you did NOT negotiate price--the sticker price was the price. Am I wrong?
Also, I am usually in the position where I have a decent amount to put down to keep the monthly payments low. With leasing, my impression is that you want to put down as little as possible so the monthly payments end up more than I would end up with by purchase. I put on only about 5000 miles a year on my car (more or less) so from that point of view, leasing could be an option. But I also understand that you cannot do much to the car to "personalize" or
tune--is that not the case?
Finally, as I mentioned, I tend to keep cars 5+ years which apparently argues against leasing for me.
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- #7767 of 10278
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Re: Purchasing 2007 328i [circlew]
by JingleJill
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May 09, 2007 (9:07 am)
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Replying to: circlew (May 09, 2007 8:03 am)
Calm down... More power to everyone who can actually afford to purchase a BMW. I just know, down here (South Texas) that most people cannot afford to actually purchase one, which is why they lease them. That is from numerous BMW sales people who flat out tell me this. Their goal is to get people into BMWs no matter what it takes. So down here a lease is "affordable" for people and they just want to say they drive a BMW. All the cars are ordered the same way; automatic, premium package, and that's about it... Don't get in a tiff again, I know, that is how some people want their cars. That is just how they sell them down here... I agree though, no matter if you purchase or lease, you should look at the selling price. If you are not careful, they'll do their best to screw you over on the lease terms. Again, know some BMW finance people; that is where they make their money...
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- #7768 of 10278
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Re: Purchasing 2007 328i [JingleJill]
by circlew
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May 09, 2007 (10:48 am)
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Replying to: JingleJill (May 09, 2007 9:07 am)
I'm calm JJ, no offense taken!
I agree and appreciate your feedback and I know some purchase as a status symbol. For me, the status is nice but the driving experience really is the key.
As you noted, you need to do your due diligence financially when you go to market! This board is invaluable and there are many here that are very knowledgable to help anyone get the best deal leasing or buying.
Regards,
OW
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