How do you guys pay for your E60s?
03-10-2009, 06:46 PM
#12
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Originally Posted by JLinardi' post='813173' date='Mar 10 2009, 10:43 PM
When leasing a car can you give it back when ever you want or is there a contract?
And can you lease direct from the dealer? ALl the leasing sites ive been on you only appear to be able to lease poverty spec old man style boring 60s!
And can you lease direct from the dealer? ALl the leasing sites ive been on you only appear to be able to lease poverty spec old man style boring 60s!
03-10-2009, 08:31 PM
#13
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My Ride: 2009 535i
Financed mine for 60 months and plan on driving it until "the wheels fall off".
Most expensive car I have ever bought, but the best I have ever had. No regrets!
Most expensive car I have ever bought, but the best I have ever had. No regrets!
03-10-2009, 08:32 PM
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My Ride: 07 550 i, mystic blue, black leather, cold weather package, nav, sport, shades, bags, rear heat, V1 hardwired.
05 F350 TD Crew Cab
04 Range Rover HSE
91 964 C4 Cabrio
07 997 Turbo Cabrio
I took out a loan for 500% more than the actual value of the car, through Bernie Madoff's company. Then I took out a second with Citi Bank, using the first loan as a collateral, only I repackaged it as a bond and then sold it to AIG. Now I am waiting for the President to send me my title. I never had to made a single payment.
03-10-2009, 08:38 PM
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Originally Posted by studavis' post='813263' date='Mar 11 2009, 12:32 AM
I took out a loan for 500% more than the actual value of the car, through Bernie Madoff's company. Then I took out a second with Citi Bank, using the first loan as a collateral, only I repackaged it as a bond and then sold it to AIG. Now I am waiting for the President to send me my title. I never had to made a single payment.
Nancy Pelosi is going to have the air force fly her to you so she can hand it to you. then you will actually get paid to drive your car at the rate of 8 dollars a week. Additionally, If you live near a pig farm you wont have to put up with the smell much longer and you can now have your prison tatoos removed for free.
03-11-2009, 12:26 AM
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If you're planning to run it until it's old then a personal loan will usually be the best option.
If you're not, then the others come into play, but I've never used them so can't help
The idea of a personal loan is that you set the term so that you can afford it, but also so that you shouldn't be in too much negative equity in the initial stages in case your circumstances change - it's a balance. Longer terms are more expensive in the long run, shorter terms have a bigger impact on cash flow.
My 2004 is on a 5 year loan - after 5 years I figure it'll be worth between ?5-7K going on current 5 series prices of that age, but after 2 years I'll be peaking at a couple of K in negative equity - switching the other way as time goes on.
So basically I won't be able to sell it until at least 3-4 years, which is fine, as I plan to drive it until the wheels fall off.
If you're not, then the others come into play, but I've never used them so can't help
The idea of a personal loan is that you set the term so that you can afford it, but also so that you shouldn't be in too much negative equity in the initial stages in case your circumstances change - it's a balance. Longer terms are more expensive in the long run, shorter terms have a bigger impact on cash flow.
My 2004 is on a 5 year loan - after 5 years I figure it'll be worth between ?5-7K going on current 5 series prices of that age, but after 2 years I'll be peaking at a couple of K in negative equity - switching the other way as time goes on.
So basically I won't be able to sell it until at least 3-4 years, which is fine, as I plan to drive it until the wheels fall off.
03-11-2009, 03:35 AM
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+1 for Cash.
I put too many miles on my cars for leasing. I average about 25,000 miles a year so after 5 or 6 years some family member usually gets a good deal on a high mileage car in great condition.
I put too many miles on my cars for leasing. I average about 25,000 miles a year so after 5 or 6 years some family member usually gets a good deal on a high mileage car in great condition.