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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
10318 messages, Last post on Dec 06, 2009 at 9:01 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: nyccarguy (Jan 29, 2009 7:09 pm) I agree selling in the car is pain in neck esp. when you deal with 20-30k valued car. But I was not suggesting to sell a car every 2 or 3 years either. Perhaps I am not just not lease kind of person. |
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Replying to: asi12 (Jan 29, 2009 6:32 pm) 1. Someone was claiming the ability to buy a car for cash, so therefore, the cash is still available. 2. You can get rid of a leased car easily through Swapalease.com But when I can get 07 328xi for 22-23K and I own it outright, that's why I am not very much fan of lease. You can get an 06 with 0.9% financing and save even more, the car is CPO and you keep your cash in the bank, protecting you on the off chance of losing a job. Regarding insurance (I should have been more clear), I like to have $1000 and I with loan/lease I think you are supposed to have $500 deductible. There's not much difference in insurance rates, so I still don't get this...sorry but no loan or lease demands to see a copy of your insurance paperwork.
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Replying to: nyccarguy (Jan 29, 2009 7:09 pm) 
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Replying to: blueguydotcom (Jan 29, 2009 8:06 pm) From the convenience point of view, smell of new leather, no hustle to deal with individual buyers lease make sense but I just don't buy a car with a intention of keeping just for 2 or 3 years. I decreased my car insurance rate little over $100 per year from going $500 to $1000 deductible. |
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| I really appreciate that your explained to me how lease worked. I did not know little interest payment is on lease these days. I keep that in mind when I buy my new car. | |
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Replying to: asi12 (Jan 29, 2009 5:32 pm)
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Replying to: banker2 (Jan 30, 2009 8:00 am) |
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Replying to: sammybmw (Jan 28, 2009 10:26 pm) A friend of mine is driving a 2009 xDrive 328i coupe loaner while his 535 wagon is in the shop, waiting for a part to come in from Germany. He's let me borrow it for an extended test drive. I have nothing bad to say about the car - it's more than fast enough for around here (NYC suburb) & it's better in the handling department than the 330xi I drove a couple of years ago - but it's no more entertaining to drive than my 8-year-old car is. At the end of the drive, I didn't feel even the slightest urge to swap my car for it - although I did like the heated steering wheel.
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Replying to: banker2 (Jan 30, 2009 8:00 am) Funny thing -- the version of this advice that I was taught many years ago was "Finance only that which appreciates & pay cash for everything else".
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Replying to: jimbres (Jan 30, 2009 9:22 am) sage advice indeed. when you say finance, I assume you mean to purchase with help of a loan (not lease). One other thing.........in my opinion, only cars that retain their value well are good candidates for leasing. If you like a car that happens to have horrible resale, then I say you just buy and enjoy what you like. But for cars that have a record of holding their value (honda, bmw), leasing is a great option and is often less expensive than if you had purchased (either with cash or with a loan) |
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