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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
9168 messages, Last post on Sep 07, 2008 at 11:41 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: JingleJill (May 09, 2007 5:24 am)
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Replying to: tcn2k (May 09, 2007 7:17 am) Regards, OW
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Replying to: circlew (May 09, 2007 8:22 am)  Where I come from, saving money is considered a good character trait.. 
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Replying to: circlew (May 09, 2007 8:22 am)
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Replying to: jenno2 (May 09, 2007 8:30 am) You can use that info for buying the same vehicle.. regards, kyfdx |
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Replying to: kyfdx (May 09, 2007 8:28 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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Replying to: circlew (May 09, 2007 9:03 am)
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Replying to: JingleJill (May 09, 2007 10:07 am) 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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Replying to: dougsilver (May 09, 2007 9:19 am) Also, you are correct... put down as little as possible on a lease.. You are paying for a certain amount of use on a lease... a time period, but also a certain number of miles.. If this doesn't match up to your use, whether you drive a lot more.. or a lot less, then leasing may not be for you. Here is a link to the leasing articles on Edmunds. regards, kyfdx |
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