View Poll Results: Did you buy or lease your E60?
Voters: 51. You may not vote on this poll
Buy or Lease?
#11
Contributors
Join Date: Mar 2004
Location: Long Island, NY
Posts: 2,303
Likes: 0
Received 1 Like
on
1 Post
My Ride: 2008 535i: June 6th start build, complete June 17th, at NY Port July 5th, at dealer July 10th, took delivery Friday July 13- Plantimum Bronze/Natural Brown Leather/Light Poplar, Sport Package, Sport Auto, Active Steering, Premium Package, CWP & PDC. Dinan Performance Software 384hp & 421 ft/lbs.
![Default](https://5series.net/forums/images/icons/icon1.gif)
I used to always purchase but now only lease. I ran some numbers and they work out about the same, financially. Leasing lets me have more options: Re-lease for a year or two, buy the car or give it back.
Remember that if you drive 20,000 miles a year, it also depreciates a purchased car faster too so it will also be worth less when you sell it.
Paying $850 /mo for 12K miles.
Remember that if you drive 20,000 miles a year, it also depreciates a purchased car faster too so it will also be worth less when you sell it.
Paying $850 /mo for 12K miles.
#13
Contributors
Join Date: Aug 2004
Location: Central Massachusetts
Posts: 1,717
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: Now Driving a Freakin' Prius!
Was...
2004 545i | SMG | White/Black | Sport | NAV | Logic 7 | PDC | Fold-down Seats | Adaptive Headlights | Cold Weather Pkg | Clear-again Bra | Mud Flaps | Bluetooth | Coat Hangar | Aux Input | All Weather Mats | 18"X8.5" BBS RK w/ Michelin Pilot Alpin's (winter) | New steering rack @ 1.2K & 17K miles| Software V.19.1 | B&B Exhaust (vrrrroooooommm!) <---Click.
![Default](https://5series.net/forums/images/icons/icon1.gif)
If the e60 weighed over 6000 GVW it would be a much different story... None of us would be driving it.
(I know that you were referring to the tax incentive but I just had to throw that in - no offense).
![Tongue](https://5series.net/forums/images/smilies/imported/tongue.gif)
(I know that you were referring to the tax incentive but I just had to throw that in - no offense).
#15
Senior Members
Join Date: May 2004
Location: S.E. Massachusetts
Posts: 307
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://5series.net/forums/images/icons/icon1.gif)
Originally Posted by realtyman' date='Sep 3 2004, 09:07 AM
If the e60 weighed over 6000 GVW it would be a much different story... None of us would be driving it.
(I know that you were referring to the tax incentive but I just had to throw that in - no offense).
![Tongue](https://5series.net/forums/images/smilies/imported/tongue.gif)
(I know that you were referring to the tax incentive but I just had to throw that in - no offense).
On this 6000# note I'm surprised at some of the available choices (besides the obvious Hummmer and Suburban's)
X5
ML's
Land Rover Disco
#16
Contributors
Join Date: May 2004
Location: Dallas, TX USA
Posts: 4,144
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://5series.net/forums/images/icons/icon1.gif)
Originally Posted by Lomag' date='Sep 3 2004, 08:40 AM
In any event, how long do you usually keep your cars? Probably 5-7+ years right?
#17
Senior Members
Thread Starter
Join Date: Aug 2004
Location: Canton, Michigan
Posts: 402
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2009 528xi, Jet Black, Black Dakota Leather, Poplar Wood, Steptronic Transmission, Premium Package, Cold Weather Package
![Default](https://5series.net/forums/images/icons/icon1.gif)
Oh wow.... some of you actually paid cash for 530 and 545i's?? dang you guys are rich!
![Thumbsup](https://5series.net/forums/images/smilies/imported/thumbsup.gif)
#18
Contributors
Join Date: Aug 2004
Location: Chicago
Posts: 493
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: #1: 2004 545i; 6-speed manual; Sport Package; Mystic Blue with a gray leather interior and Anthracite wood; CWP; Logic 7.
#2: 2010 535xi Touring; Automatic.
![Default](https://5series.net/forums/images/icons/icon1.gif)
Originally Posted by realtyman' date='Sep 2 2004, 08:41 PM
Very True! It lets you qualify for a higher Mortgage ![Smile](https://5series.net/forums/images/smilies/imported/smile.gif)
![Smile](https://5series.net/forums/images/smilies/imported/smile.gif)
I bought a new house this year, and I would have put the extra cash from my previous home sale into putting more down on the house, but I kept it aside for just such a purchase. So I mean, I paid cash, but it's really money kind of borrowed on my house.
#19
Senior Members
Thread Starter
Join Date: Aug 2004
Location: Canton, Michigan
Posts: 402
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2009 528xi, Jet Black, Black Dakota Leather, Poplar Wood, Steptronic Transmission, Premium Package, Cold Weather Package
![Default](https://5series.net/forums/images/icons/icon1.gif)
Oh, well we just moved to America about a year ago and this is our first house here so my dad put A LOT down for it and at first he just bought a minivan and neon (cash). Then after a few months, he bought the 525i.
#20
Guest
Posts: n/a
![Default](https://5series.net/forums/images/icons/icon1.gif)
Paid cash for a fully loaded 545i. If I had a business, I might consider leasing and writing off the lease expense against the business. My friend has leased a 7 series and got ripped off when the lease terminated due to the ridiculous excess mileage cost. I have always bought and resold my cars in cash (except for the first one where I financed it and paid of early) -- I never trade the old ones in, but sell them in the paper for the retail/high blue book.
If you don't have the free cash flow to buy the car, then you will be forced to lease (rent) the 5 series -- not too bad, since you will be driving a very nice car (or buying a much lesser car in cash). Many of my neighbors lease much nicer cars than they are able to buy b/c their free cash flow is tied up in the very high $$ real estate here in CA (hands down, owning an appreciating asset, such as realty, is a much better use of cash than plunking it down on a depreciating asset, such as a car).
If you don't have the free cash flow to buy the car, then you will be forced to lease (rent) the 5 series -- not too bad, since you will be driving a very nice car (or buying a much lesser car in cash). Many of my neighbors lease much nicer cars than they are able to buy b/c their free cash flow is tied up in the very high $$ real estate here in CA (hands down, owning an appreciating asset, such as realty, is a much better use of cash than plunking it down on a depreciating asset, such as a car).
Thread
Thread Starter
Forum
Replies
Last Post
jashy247
Private Member Classifieds
1
02-23-2021 05:50 PM