I prefer buying

[Dekion]

I just prefer to buy my cars. That way I can do whatever to them and drive as many miles without worry. I do agree that leasing is right for most cars, however, I think BMW should last a good long time and I think i'll be happy with it for a while.

 

[MVPBird33]

I could not agree with you more...when you lease a car you can not add any sort of mods. of any kind to it, thats a turn off for me....but then again i do not think everyone wants to add any sort of mods to their car in some cases

 

[codex57]

I prefer buying too, but that's b/c leases don't give me the number of miles I need. In SoCal, we need to drive everywhere. I do like changing cars sooner but I need the miles. I'd mod a leased car anyways. I don't do any of that permanent stuff anyways.

 

[flashinthepan]

I just prefer to buy my cars. That way I can do whatever to them and drive as many miles without worry. I do agree that leasing is right for most cars, however, I think BMW should last a good long time and I think i'll be happy with it for a while.

Agree ! I like buying and the right to sell at anytime etc...




*Exception would be a work vehicle, & then I will chose a Porsche 911 twin-turbo & red-line it for 3 years

 

[mytan85_325e]

Nothing like spending $25 grand just to give the car back at the end of a lease.

 

[mikev]

Nothing like spending $25 grand just to give the car back at the end of a lease.

but when renting/leasing cars (espically if you pay nothing for it ) you can test the cars ability more than if you buy it, i'm mean how many of use can say they've taken an M3 off-road well find me a rental car and i'll write you the report

 

[Bryan330i]

Nothing like spending $25 grand just to give the car back at the end of a lease.

You can still buy it, and you have still lost the money if you purchased it and tried to trade or sell. No need to give it back though, just buy at the end of the lease. The end result is you just got it cheaper. Not that I am against buying, but I just wrote a check for $3000.00 to sell a car under traditional financing. Unless you put a lot down, there is almost no way to avoid it. Put 10% down on a BMW using traditional financing, go to trade it or sell it at 2 years and see what it costs you to get out.

My money factor on my lease is equal to 2.7% APR. The payment was just adjusted for taxes and is about $485.00 now. If I decide to keep the car and I think my residual is like $25k, I will start by offering them like $20k, and likely end up at $22-23 for a buy out.