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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
10312 messages, Last post on Dec 04, 2009 at 11:47 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: pepperjack (May 11, 2007 10:16 am)  Your deal looks pretty good... $150 to save a 5 hour round trip seems like a fair deal to me..
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Replying to: lokki (May 11, 2007 10:58 am) 
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Replying to: kyfdx (May 11, 2007 11:11 am) I could deal with that. However, does this guy really think that BMW customers are so naive that he can get away with increasing the term of the loan and pitching the "your payments will stay the same" when he has to RAISE the price of the car to do it?????? You can see (I hope) why I still feel like my intelligence has been insulted. Oh - and the guy is still using his "Auto-Nation" email id..... guess that's the way you do business there...
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Replying to: lokki (May 11, 2007 11:20 am) Good luck. Regards, Donna |
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Replying to: lokki (May 11, 2007 10:58 am) 
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Replying to: kyfdx (May 11, 2007 11:10 am)
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Replying to: dougsilver (May 08, 2007 1:06 pm) Many BMW owners buy, of course. If they do, they have a lot less to discuss on these forums... The buying process is much simpler and has fewer variables. Pretty much the only effect is getting the lowerst price possible. Loan rates are easier to figure out. So you have a bit of selection problem. I think that general equitable apprasial of the lease vs buy calculation is that leasing in the long run is slightly more espensive than buying. Sometimes, buying is cheaper, but i don't think this is generally the case. On the other hand, leasing can be simpler because of a number of factors. You have a known (low) payment, don't cut into your savings and capital, and won't incur costs for repair outside of the warranty period. You also are insulated from trade-in shock of you want out of the car after a known period of time. I think that you have to look at these benefits and decide if it's worth it. Let's suppose you have a new $40K BMW and you negotiate down to 37.5K for it. Let's say you buy it with $6k down and your loan is at 7%. Your payments will be $571/mo. Over the two warranty-free 2 trailing years you could expect maintenence/repair on the car to run, say, $1500. That pushes your effective payment to $591/mo. For a 36 month lease there's $900 up-front costs ( maco, inception, etc). The money factor is .00167. There's 6% sales tax, and the lease payment ( 0 down ) is $567/mo. There's also the disposition fee ($375). So it's effectively $577/mo. If your car has been damaged at all ( dings, etc ) your end-of-lease fees could push your effective payment over $600/mo. It's worse if you have to replace tires just over wear near the end of the lease. So the main difference is you had to put 6K down. In the purchase scenario, you have a car. In the lease scenario, if you squirreled that potential downpayment away, you have $9000 after a 7% return. According to kbb, a 2001 330i around here in "good" shape ( not excellent ) goes for $13,810 private-party. But the numbers could go either way, depending. I think people like the idea of leasing, because they like the idea of being able to simply afford an eternally new BMW in the driveway, and they sometimes let this color their arguments on the topic. But i'm open to leasing my next car if the numbers work out well for me, i move out of illinois, etc.
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I am having such a difficult time deciding which term is better. You can't tell by the monthly payment alone which makes mores sense. It's only a savings of 14 dollars a month to choose 36. My first leased 2005 BMW 325i was a 2 year lease and it just zoomed by. I have leased cars since 92, and always by year 2 I was ready for a new car.. not so with the BMW. I really hated having to be the market again so soon -- but then things worked out beautifully because I am now in an 07 loaded for roughly 10 dollars more a month..here is the kicker, and another reason why I can't decide to go 36 or 24. the pros for the 36 month lease are I have a great money factor, who knows if that can be repeated in the future. the pros of the 24 month term is I will be in a new car sooner, and just as I thought the bmw could not get any better in 05, the improvements are quite a bit. leather instead of leatherette, bmw assist, 4 years,park assist, and real time traffic info w/ navigation,230 hp as opposed to 184, apple usb hook up and comfort access. new features my 05 did not have..will I be saying the same in 09..I know Dodge is coming out with satelitte tv for their cars, like jet blue moniters..just when you think they have thought of it all, something new and improved comes along. Plus I will proably try and sell my car privately at the end of lease..and selling it may be easier with 2 years of remaining warranty left, lower mileage, and not competing with all the 3 years leases that BMW has returned and that they CPO and sub vent the program in some way, like lower interest rates, 2 payments free etc..plus just generally less competation in selling a 2 year old car vs. a 3 year old car. I had a GREAT experience selling my 05,(keep in mind the end of 05 was dealer cash, so I had a discount from MSRP of about 4820) (the new 07 has a discount of only 2650 from MSRP) I sold for 2k less than I paid for it in 05..of course that is amazing, and who's to say if history will repeat itself 2 years from now.. that whole thing is like trying to catch lightening in a bottle..but I am just wondering when you choose the term of your lease what influences your decision? Thanks for reading this far, and any input you would offer would be greatly appreciated. Thanks, Donna
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Replying to: donnabgood1 (May 12, 2007 12:36 pm) Also... you are amortizing your upfront costs over 36 months vs. 24 months.. If you add up the total cost of the lease and divide by the term, it will tilt more in favor of 36 months.. Plus, with a BMW, you'll still be under the warranty and maintenance plan for the whole term.. And, you'll have an extra year until you have to start thinking about the whole thing again. regards, kyfdx
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msrp was quoted at $35920 for a 328 i with gray metalic paint, automatic with power seats. Dealer offered $399/month with $625 bank fee, $1255.36 tax (8.25 in New York, so I don't see where she got that), but tax is normally required upfront here, and $67.50 DMV (also wrong, I think. will probably be double for just rolling over old plates), so $2346.83 due at signing..She said, that this was the best deal she could give me. I am looking for a 36 month lease with 10 000 miles. (Don't need more, drove my last BMW 6000 miles a Year.) What do you come up with? Hugo
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