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Old 01-24-2012, 08:45 PM
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brkf brkf is offline
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Join Date: May 2003
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Quote:
Originally Posted by palermo22 View Post
This may say it better (using a decently equipped 2012 328)

Lease $550 - 48 months - spent: $$26,400

Net spent: $26,400

Purchase - Spent $42,000

Value after four years: $24,000 (based on 50% depreciation)

Repairs and Maintenance (thus far) - all paid by BMW

So after four years I am now sitting with a car that I have spent $24,000 on and I have equity of $24,000. Under leasing - even if your payments only equalled $24,000 - after four years you have nothing!
Um...nobody leases 3s for 4 years. When I optioned up a 328i and looked at ED, MSDs, etc the final rang up around:

MSRP: 44995
ED with 700 profit: 39875
MF: 0.00176
Residual: 65%
Sales Tax: 7.75
MSDs: $3150 (450 X 7, but I think this would probably be 400 X 7)
Lease fees: 800
Payment: $449.19
Total cash outlay: 16971


Same car purchased ED:
Purchase 39875
Full purchase price w/Tax: 42965
Cash down: 5000
Loan amount: 37965
60 month loan at 1.79% (Navy Federal): 661.96
Total payments over 36 months: 23830.56
Total expenditures including down payment: 28830.36
Realistic value of 3 series after 3 years - 55%: 24747
Total owed on loan: $15594
Difference in your favor: 9153
Total spent over 3 years: $19677

Purchase for the short-term on a BMW isn't usually so good as they support the heck out of their leases.

Longterm - yes, the loan is the way to go.
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