Doesn't Anyone Buy Anymore?

Leave my scotch and dog alone, k thanks buh-bye!

Originally Posted by boltjaM3s

Ah, no.

The rich are now driving $539 BMW F30's. It's just enough of a luxury car to keep up with our wealthy friends while not being ostentatious and not being thrown out of the country club.

Again, please stick to what you know. You are expert at buying a used car and keeping it for another decade. You are expert at the mechanical troubles and rattles of the E46. You are not expert at leasing. You are not expert at the car of choice for the wealthy.

BJ

You're not rich, please.

Originally Posted by boltjaM3s

Leasing does let you avoid depreciation, taxes, and interest. Not sure why you think otherwise. You don't own the car, therefore it does not depreciate. There is no loan, so there is no interest. Because the duration of the lease is a fraction of the life of the vehicle its easy to negotiate and have the dealer absorb the taxes.

You don't lease, you never have, so you don't fully understand the wins involved.

BJ

When you buy, and trade 3 years later, you're also only paying taxes on a 3 year period, you get a tax credit toward the next vehicle.

I understand leasing, you just don't understand financing. But you're not alone, a lot of leasers think they're getting a sweet deal vs buying. It's nothing of the sort, it's just a different way of paying for a car.

Originally Posted by boltjaM3s

Our time here is limited. We love cars. Drive as many as you can before you can't.

BJ

It's clear from your history that you only love the car you just leased, you diss on every single other car. There are lots of true car lovers on this forum, you're just a badge hound.

Not that there's anything wrong with that, we can buy cars for any reason.

Originally Posted by Chris90

It's clear from your history that you only love the car you just leased, you diss on every single other car. There are lots of true car lovers on this forum, you're just a badge hound.

Not that there's anything wrong with that, we can buy cars for any reason.

I object, strenuously, on behalf of hounds everywhere.

You take that back, suh, or my seconds will be calling upon you in the morning.


KamDOG.

Originally Posted by Kamdog

I object, strenuously, on behalf of hounds everywhere.

You take that back, suh, or my seconds will be calling upon you in the morning.


KamDOG.

Sorry, I didn't want to offend any ho's.

Originally Posted by bmw_or_audi

I am pretty sure voip-ninja was not flexing any moral muscle, since he himself is leasing his car. He was just commenting on the numbers, about which we can agree to disagree, or we can attribute the differences to the different situations considered. In any case, it doesn't matter. Whether we settle on $25 or $150/mo difference, this shouldn't be turned into a moral issue, and that case can be made easily with a single argument: anyone driving a BMW or even just contemplating getting one is in no position to be judgmental about the numbers. After all, we can all just go and buy a perfectly fine car for half the price.

I could be wrong, but I haven't seen anyone saying leasers are extravagant or arrogant or whatever. We just disagree with BJs numbers, which in fairness to him, he just threw out there without thinking about it.

Originally Posted by Chris90

Sorry, I didn't want to offend any ho's.

Honor is satisfied.

Originally Posted by av98

Why we aim for the balanced life- enough friends & family, happiness and money to go with it but not too much to make you an A-hole or overly arrogant.

I don't buy for one bit that money makes people arrogant assholes, it's how and in what environment you were brought up and what state of mind your are in... there are more broke ass arrogant idiots then wealthy arrogant idiots... if anything I would argue that being poor brings more negative qualities in a person then a wealthy person

Originally Posted by dpwr

I don't buy for one bit that money makes people arrogant assholes, it's how and in what environment you were brought up and what state of mind your are in... there are more broke ass arrogant idiots then wealthy arrogant idiots... if anything I would

Wealth merely amplifies existing a-hole traits

Whether you are bought or leased (going to lease or going to buy...you will learn a lot from this thread), the important thing is that you are driving a BMW and if that is not going to put a smile on your face...oh well.

Originally Posted by larryboysudm

whether you are bought or leased (going to lease or going to buy...you will learn a lot from this thread), the important thing is that you are driving a bmw and if that is not going to put a smile on your face...oh well.

+1.

i spent all my money on a bmw and i all have left is enough to pay my internet bill to argue about it

Btwy, why are BMW finance rates so ridiculously high? Is it because almost no one uses them? Even the big banks have much more competitive rates.

Originally Posted by bmw_or_audi

Btwy, why are BMW finance rates so ridiculously high? Is it because almost no one uses them? Even the big banks have much more competitive rates.

They run frequent promotions. I didn't (and still don't) think 0.9% ridiculously high....

Originally Posted by Zeichen311

They run frequent promotions. I didn't (and still don't) think 0.9% ridiculously high....

Sure, 0.9% is a great rate. But all I see is 3.29% on their website. Do rates change that much from region to region? (I am in Southern CA)

Originally Posted by bmw_or_audi

Sure, 0.9% is a great rate. But all I see is 3.29% on their website. Do rates change that much from region to region? (I am in Southern CA)

I think 3.29 combined with the holiday credit and loyalty is a good deal. You need to look at the total incentive. A bank might come in lower on the interest rate, but then you lose the cash. Timing is everything. On the 335d BMWFS had the best rate. On the 535i I went with an outside bank that had a much lower rate than BMWFS.

Originally Posted by bmw_or_audi

Sure, 0.9% is a great rate. But all I see is 3.29% on their website. Do rates change that much from region to region? (I am in Southern CA)

All depends on your credit rating. My lease rate came out to be 3% with finacing from BMW. If I decide to buy the car when it comes in, I would go with USAA that has 1.9%.

FYI, Some dealers will jack up the the bank financing rate by 1//4 or 1/2 per cent which they get to keep. In most cases you save yourself some money on a purchase if you do your own financing thru a bank or credit union.

Originally Posted by Alpine300ZHP

I think 3.29 combined with the holiday credit and loyalty is a good deal. You need to look at the total incentive. A bank might come in lower on the interest rate, but then you lose the cash. Timing is everything. On the 335d BMWFS had the best rate. On the 535i I went with an outside bank that had a much lower rate than BMWFS.

When I bought my 550, I got the $1,500 plus 0.9% finance-only deal which works to be -0.1%. I financed every penny to maximize the better than free money. It was a major factor that helped me choose to buy and not lease. The current holiday deal applies the cash to a lease or a purchase, but I believe they reduced the residual to offset the Holiday cash. I'm tempted to get a 650 or M6 given the current incentives, plus after only 1.5 years of ownership, I already have a $10-15k equity in my 550.

Originally Posted by lacarnut

All depends on your credit rating. My lease rate came out to be 3% with finacing from BMW. If I decide to buy the car when it comes in, I would go with USAA that has 1.9%.

I think my credit is good enough (above 800), although all the mortgage refinances in the last couple of years lowered my score somewhat, and I am not sure what happened after the very last refinance.

But right now BMW seems to be "offering" 3.29% as a financing incentive. I have seen 1.9% in the recent past, which was at least in line with credit unions. But it is kind of comical to advertise and "offer" 3.29%. This must be the best available right now from them. If BMW FS has better rates available, why aren't they advertising them? FYI, credit unions are offering better rates on USED cars than this 3.29%. Maybe BMW wants us to lease only.

Originally Posted by dunderhi

When I bought my 550, I got the $1,500 plus 0.9% finance-only deal which works to be -0.1%. I financed every penny to maximize the better than free money. It was a major factor that helped me choose to buy and not lease. The current holiday deal applies the cash to a lease or a purchase, but I believe they reduced the residual to offset the Holiday cash. I'm tempted to get a 650 or M6 given the current incentives, plus after only 1.5 years of ownership, I already have a $10-15k equity in my 550.

Your example and mine are why I do not subscribe to the "always lease" or "always buy" mantra. When I purchase a new car I look at both ways of paying for it and pick the one that makes the most sense. In 2011, for me, buying both cars made the most sense. 90% of my purchases have been leases though. Next up for me is an x5M or x5 5.0 and I will weigh the lease vs. buy when I get that car. Now Dunderhi...we must both be on the same wavelength because I have been seriously thinking about a 6 for my next car (the x5 will be for the wife). After doing a track day in a M6 I think I have found my new favorite BMW (once the wife gets the x5 I will no longer need or want a sedan).

Yes, I think they want us to lease. Check out these deals:
_____________________________________________

328i:

Well-equipped including features such as Premium Package (Leather, Moonroof, Comfort Access, Satellite Radio), Automatic Transmission, Power Seats, iPod/USB Adapter, Hands-free Bluetooth and Destination charges.
$339*/month for 39 months. $1,000 Holiday Credit and $750 Loyalty Cash included in payment.
• $339 First months payment
• $2,750 Down payment
• $0 Security Deposit
• $725 Acquisition fee
• $3,814 Cash due at signing

I imagine this is a no-line + Premium pack.

_____________________________________________

335i:

Well-equipped including features such as Premium Package (Leather, Comfort Access, Satellite Radio), Automatic Transmission, Moonroof, Xenon Headlights, iPod/USB Adapter, Bluetooth and Destination charges.
$399*/month for 39 months. $1,000 Holiday Credit and $750 Loyalty Cash included in payment.
• $399 First months payment
• $3,000 Down payment
• $0 Security Deposit
• $725 Acquisition fee
• $4,124 Cash due at signing

Originally Posted by bmw_or_audi

Yes, I think they want us to lease. Check out these deals:
_____________________________________________

328i:

Well-equipped including features such as Premium Package (Leather, Moonroof, Comfort Access, Satellite Radio), Automatic Transmission, Power Seats, iPod/USB Adapter, Hands-free Bluetooth and Destination charges.
$339*/month for 39 months. $1,000 Holiday Credit and $750 Loyalty Cash included in payment.
• $339 First months payment
• $2,750 Down payment
• $0 Security Deposit
• $725 Acquisition fee
• $3,814 Cash due at signing

I imagine this is a no-line + Premium pack.

_____________________________________________

335i:

Well-equipped including features such as Premium Package (Leather, Comfort Access, Satellite Radio), Automatic Transmission, Moonroof, Xenon Headlights, iPod/USB Adapter, Bluetooth and Destination charges.
$399*/month for 39 months. $1,000 Holiday Credit and $750 Loyalty Cash included in payment.
• $399 First months payment
• $3,000 Down payment
• $0 Security Deposit
• $725 Acquisition fee
• $4,124 Cash due at signing

The rates and residuals are pretty aggressive on the F30 and it makes a compelling lease deal. If I were in the market for the F30 I would lean toward leasing it.

Originally Posted by Alpine300ZHP

The rates and residuals are pretty aggressive on the F30 and it makes a compelling lease deal. If I were in the market for the F30 I would lean toward leasing it.

I looked closer and the allowed mileage is 32,500 miles. Note that this is for a 39 month lease, so we are looking at 10K/year.

I don't want to revive the lease versus buy debate, but unfortunately for me leasing is not an obvious choice since I drive about 24K/year (mostly freeway miles, so they are easy on the car).

Originally Posted by bmw_or_audi

I think my credit is good enough (above 800), although all the mortgage refinances in the last couple of years lowered my score somewhat, and I am not sure what happened after the very last refinance.

But right now BMW seems to be "offering" 3.29% as a financing incentive. I have seen 1.9% in the recent past, which was at least in line with credit unions. But it is kind of comical to advertise and "offer" 3.29%. This must be the best available right now from them. If BMW FS has better rates available, why aren't they advertising them? FYI, credit unions are offering better rates on USED cars than this 3.29%. Maybe BMW wants us to lease only.

I plan on taking my 3.29% BMW FS loan immediately over to PenFed, for 1.49%. BMW will get the hint, soon enough.