View Poll Results: Did you buy or lease your E60?
Voters: 51. You may not vote on this poll
Buy or Lease?
09-03-2004, 06:36 AM
#11
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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.
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.
09-03-2004, 07:07 AM
#13
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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.
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).
(I know that you were referring to the tax incentive but I just had to throw that in - no offense).
09-03-2004, 07:29 AM
#15
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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).
(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
09-03-2004, 07:58 AM
#16
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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?
09-03-2004, 08:06 AM
#17
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My Ride: 2009 528xi, Jet Black, Black Dakota Leather, Poplar Wood, Steptronic Transmission, Premium Package, Cold Weather Package
Oh wow.... some of you actually paid cash for 530 and 545i's?? dang you guys are rich! 
09-03-2004, 08:14 AM
#18
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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.
Originally Posted by realtyman' date='Sep 2 2004, 08:41 PM
Very True! It lets you qualify for a higher Mortgage 
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.
09-03-2004, 08:22 AM
#19
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My Ride: 2009 528xi, Jet Black, Black Dakota Leather, Poplar Wood, Steptronic Transmission, Premium Package, Cold Weather Package
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.
09-03-2004, 10:32 AM
#20
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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).
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