I think Ill start leasing cars after this..
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Because I could have LEASED a 535 for a great price. I got my 525 for 27k CPO in June with 36k miles. Now thats what 545s are going for IF THAT. I think I am going to start leasing cars from now on unless I find an e90 m3 for a good price by the time the f10 comes out (and I get rid of my 525). After several failed attempts at trading in for a 545 (because of negative equity)...I realized I should be patient from now on. I didnt plan on keeping this car more then a few years so its like....why did I not wait a little bit and lease? BMW Wide World near me has 535s for 589 a month with 3200 due at signing. Not too bad. Im sure they can do better obviously. Have a lot of you leased your car and done mods (then took them off to sell?) Boohoo.
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In sunny Dubai, I could have leased a 535 for 1 year (the longest they offer) for about 1200 US dollars a month....
I miss the leasing deals stateside. Oh well.
I miss the leasing deals stateside. Oh well.
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I love leasing. It's the easiest way to get into the latest and greatest every few years. All my BMW's have been leased. However, I must admit that I'm probably going to be buying out the M5 after the lease is up.
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Don't forget the leasetrader.com type websites... They have the best deals you can get on leases. Why not take over from someone who has invested on the front end. Especially with the economy going you know where, people need out of their leases...
But you have to keep in mind what kind of mile your drive. If you put on over 15k a year it may not be worth it.
But you have to keep in mind what kind of mile your drive. If you put on over 15k a year it may not be worth it.
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Yeh Im gonna look at leasetrader just to see what its all about and what they go for. I dont blame you for wanting to buy out the M5 c
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BMWFS is already modifying its financial incentives to try to push customers away from leasing. I suspect that we may have seen the best of the deals already. Like other manufacturers, they're getting burned on over-optimistic residuals and they're trying to offload some of that risk on to customers. Will be interesting to see how this plays out at BMW like other premium marques powered much of its growth in recent years with some pretty aggressive financing.
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Originally Posted by swajames' post='740529' date='Dec 8 2008, 11:05 AM
BMWFS is already modifying its financial incentives to try to push customers away from leasing. I suspect that we may have seen the best of the deals already. Like other manufacturers, they're getting burned on over-optimistic residuals and they're trying to offload some of that risk on to customers. Will be interesting to see how this plays out at BMW like other premium marques powered much of its growth in recent years with some pretty aggressive financing.
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Originally Posted by Senza007' post='740546' date='Dec 8 2008, 08:47 AM
Its just unbelieveable how much they are worth after a few years. I mean people who purchased M5s for almost full price are selling for 10s of thousands less. It just isnt worth it. Either lease a brand new car or buy a 2 year old car. I would never buy a brand new car. I dont care if its 0% financing.
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I've leased my last 3 cars. Don't see a point in buying a car due to depreciation/trade-in value. Not to mention I just like to have a new car every 2-3 years
I don't spend $$$ on much, my mortgage and my car payment are my 2 biggest and main expenses. Although my new born child is quickly moving up the list..ha
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