Yes, you can order a car with whatever options you want, (available in the US market of course) and lease it. Many folks do.
leasing a new vs. owning a used
I bought a 330Ci last year (MY 2001). I put quite a lot down and termed a 60 month loan.. now, I'm a software engineer, and needless to say things haven't been good at work - there's no hope of a raise anytime soon, and it's entirely possible that a pay cut is not too far away.
Now, I did the math and figured out that I can sell off my car and pay back the loan, and have a bit of cash left over to lease a 2002 330. Of course, after 36 months I won't own it like I'd have owned my 2001, but I'd drop down the monthly payments by almost $250.
I've never leased a car before - this actually was the first new car I ever got. From a $$$ saving standpoint, is this a good idea to look into? Are there any caveats? I'm not going to mod a car, own *or* lease, so that isn't an issue. This may be a dumb question, but can you order a car (options/paint/etc) that you're going to lease?
Also, it'd be nice to get into a new(er) 330 anyway. 330s from early last year lacked some of the later 2001 330's options. (HK, for one). :dunno:
I'm at a loss.
Now, I did the math and figured out that I can sell off my car and pay back the loan, and have a bit of cash left over to lease a 2002 330. Of course, after 36 months I won't own it like I'd have owned my 2001, but I'd drop down the monthly payments by almost $250.
I've never leased a car before - this actually was the first new car I ever got. From a $$$ saving standpoint, is this a good idea to look into? Are there any caveats? I'm not going to mod a car, own *or* lease, so that isn't an issue. This may be a dumb question, but can you order a car (options/paint/etc) that you're going to lease?
Also, it'd be nice to get into a new(er) 330 anyway. 330s from early last year lacked some of the later 2001 330's options. (HK, for one). :dunno:
I'm at a loss.
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Spoke to a guy at the dealership today and he said the earliest he could get me in a new one would be September. :thumbdwn: I'll have to drive around this weekend and talk to the other dealerships around here.
Hey, a 2003 is sounding allright to me.
Hey, a 2003 is sounding allright to me.
I'm waiting to lease a 2003 330i also. This will also be my first lease, since I am used to purchasing cars. The lease is also advantagous if it is business related, since you can write it off as a business expense.
People tell me the key is to load up on all the options you need and negotiate that price down so your lease payments will be lower. I wonder if dealers aren't as willling to move as much on the price as compared to purchasing the car, but I guess a sale is a sales. Can anyone shed some light on this situation?
Any other lease tips?
Thanks!
People tell me the key is to load up on all the options you need and negotiate that price down so your lease payments will be lower. I wonder if dealers aren't as willling to move as much on the price as compared to purchasing the car, but I guess a sale is a sales. Can anyone shed some light on this situation?
Any other lease tips?
Thanks!
Lint . . . if you are concerned about the future of your job or salary then you should not go out and lease a new $40,000 BMW
This will only lead you into more debt and in a lease you are not going to be able to bail out if things go wrong without spending a lot of $$$.
Please try to think logically about this and get yourself a less expensive new car or even better a 2-3 yr old used car where the old owner takes the big depreciation hit.
You will have a bmw again in the future when you are in a more comfortable position but right now I really feel from your post that the smart move would be better then the emotional move.
This will only lead you into more debt and in a lease you are not going to be able to bail out if things go wrong without spending a lot of $$$.
Please try to think logically about this and get yourself a less expensive new car or even better a 2-3 yr old used car where the old owner takes the big depreciation hit.
You will have a bmw again in the future when you are in a more comfortable position but right now I really feel from your post that the smart move would be better then the emotional move.
That's a really good point that I plain forgot about! I'm not really concerned right at the moment about the money situation - I was looking for a way to trim down the monthy payment a bit. The money's there, but I was looking for more cash in pocket.Alan F said:
This will only lead you into more debt and in a lease you are not going to be able to bail out if things go wrong without spending a lot of $$$.
But, for what it's worth, why put myself in a position where, if I decide in a couple years to quit my job and travel and that I don't want a car anymore (hey, I'm young and still have wings), I'd rather be paying to own than be locked into a lease agreement.. having the ability to dump the car at a moment's notice is worth it.
It all comes back to money.. is it worth the extra $150-200 a month to know that should something really bad happen, I have a car that is worth cash? Hmmm..
Good point . . . plus you already took the major hit in depreciation which is the first year or two . . . Buying a new car, that big depreciation hit starts all over again.lint said:
That's a really good point that I plain forgot about! I'm not really concerned right at the moment about the money situation - I was looking for a way to trim down the monthy payment a bit. The money's there, but I was looking for more cash in pocket.
But, for what it's worth, why put myself in a position where, if I decide in a couple years to quit my job and travel and that I don't want a car anymore (hey, I'm young and still have wings), I'd rather be paying to own than be locked into a lease agreement.. having the ability to dump the car at a moment's notice is worth it.
It all comes back to money.. is it worth the extra $150-200 a month to know that should something really bad happen, I have a car that is worth cash? Hmmm..
I especially agree with what you said about the ability to dump a car at a moments notice . . . this is the main reason I buy my cars (plus I hate car payments anyway)
Alan, I agree with you. That is why this was my main transportation for 6 years, although I did have an inexpensive convertible for summer. Bought it in 1991, it was an '85, for $6k. Drove it until 1998, when I bought the '97 MB E320, and sold it for $3k. Doesn't get much cheaper than that and, believe it or not, was a very good car within it's limits. Basically, for 12 years I drove inexpensive, used American iron while buying my previous and current houses, decorating, landscaping, etc., etc. And still, my 2 MBs and current BMW since this car, were all purchased used and for cash.Alan F said:
You will have a bmw again in the future when you are in a more comfortable position but right now I really feel from your post that the smart move would be better then the emotional move.
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