View Poll Results: Do You Lease or Buy Your BMW?
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Poll: Do You Lease or Buy Your BMW?
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Joined: Aug 2005
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From: Austin TX
My Ride: 2014 X5 xDrive 5.0 M Package Carbon Black Metallic/2008 M Roadster Imola Red
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Joined: Oct 2005
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From: Ohio, USA
My Ride: 2006 530xi. Deep green with beige interior. 6 speed manual. Premium package.
intially when ordered I was planning on leasing, but decided to purchase because daughter is 11 - and I am going to keep the car and give it to her for her 16th - so just paid cash (actually money transfer from a bank)
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Joined: Sep 2005
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From: Phoenix AZ
Originally Posted by Ricracing' post='212158' date='Dec 16 2005, 12:33 PM
Good economics need to be calculated as a wholeness.
A car (E60) is not a investment.
It is a pleasure, and everyday!
A car (E60) is not a investment.
It is a pleasure, and everyday!
Thread Starter
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Joined: Dec 2005
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From: Central California. Plenty of sunshine. Hot in Summer, but NO humidity. :)
My Ride: In the process of buying the right 2006 530i
Originally Posted by my530i' post='212410' date='Dec 16 2005, 11:49 PM
My car is my everyday toy, and that's the only thing useful and enjoyable 
It's worth to spend money on it.
It's worth to spend money on it. I see a large majority are buying their BMW's. I also intend to buy my new 530i. But, I am surprised by these results. I too believe that spending this kind of money, and it is a LARGE AMOUNT, is all about the enjoyment of owning a BMW. It like taking an exclusive and relaxing vacation everyday you get into your car. The enjoyment is worth every penny!
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Joined: Mar 2004
Posts: 2,303
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From: Long Island, NY
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.
Originally Posted by doug_999' post='212147' date='Dec 16 2005, 02:17 PM
As a business owner, I always used to lease. But interestingly enough, I had the accountants accross the hall run lease vs. buy numbers on both a 330 and a 550 for me. In both scenarios, I was putting down $40K and financing the remainder ($10K/$30K). They took into account the value of the lost money (2% interest assumed) as well as the tax benefits (cars don't have very good depreciation schedules). Last but not least, remember I'm in IL where you pay tax on the full amount of the car whether you lease it or buy it.
Interestingly enough, it came out cheaper to buy both cars over 36 months. The 330 was about $2K cheaper and the 550 was about $6K cheaper. However, both of these amounts assume that I will get the same residual on the car by selling it vs. leasing it. My accountants doubted that I would get 59% on the 550 and 64% on the 330 after 36 months - whereas if I were to lease it, those numbers were golden. So to them, their official word was that it was a wash financially - they did however recommend that I purchase the car.
PS - I agree with them about the residuals because I was heavily optioning up the car - I do not believe that options such as Comfort Seats, Active Steering, Fold Down Rears, and Sirius hold their values.
Interestingly enough, it came out cheaper to buy both cars over 36 months. The 330 was about $2K cheaper and the 550 was about $6K cheaper. However, both of these amounts assume that I will get the same residual on the car by selling it vs. leasing it. My accountants doubted that I would get 59% on the 550 and 64% on the 330 after 36 months - whereas if I were to lease it, those numbers were golden. So to them, their official word was that it was a wash financially - they did however recommend that I purchase the car.
PS - I agree with them about the residuals because I was heavily optioning up the car - I do not believe that options such as Comfort Seats, Active Steering, Fold Down Rears, and Sirius hold their values.
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Joined: Aug 2005
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From: Austin TX
My Ride: 2014 X5 xDrive 5.0 M Package Carbon Black Metallic/2008 M Roadster Imola Red
As a business owner, I always used to lease. But interestingly enough, I had the accountants accross the hall run lease vs. buy numbers on both a 330 and a 550 for me. In both scenarios, I was putting down $40K and financing the remainder ($10K/$30K). They took into account the value of the lost money (2% interest assumed) as well as the tax benefits (cars don't have very good depreciation schedules). Last but not least, remember I'm in IL where you pay tax on the full amount of the car whether you lease it or buy it.
Interestingly enough, it came out cheaper to buy both cars over 36 months. The 330 was about $2K cheaper and the 550 was about $6K cheaper. However, both of these amounts assume that I will get the same residual on the car by selling it vs. leasing it. My accountants doubted that I would get 59% on the 550 and 64% on the 330 after 36 months - whereas if I were to lease it, those numbers were golden. So to them, their official word was that it was a wash financially - they did however recommend that I purchase the car.
PS - I agree with them about the residuals because I was heavily optioning up the car - I do not believe that options such as Comfort Seats, Active Steering, Fold Down Rears, and Sirius hold their values.
Interestingly enough, it came out cheaper to buy both cars over 36 months. The 330 was about $2K cheaper and the 550 was about $6K cheaper. However, both of these amounts assume that I will get the same residual on the car by selling it vs. leasing it. My accountants doubted that I would get 59% on the 550 and 64% on the 330 after 36 months - whereas if I were to lease it, those numbers were golden. So to them, their official word was that it was a wash financially - they did however recommend that I purchase the car.
PS - I agree with them about the residuals because I was heavily optioning up the car - I do not believe that options such as Comfort Seats, Active Steering, Fold Down Rears, and Sirius hold their values.
[/quote]
Good points.
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Joined: Sep 2005
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From: Long Island, New York
My Ride: 2005 525i Titanium Silver Metalic and 2003 325xi Jet Black with the Premium Package in both cars.
I have 2 BMW'S and own both of them. Had a bad experience with leasing, will never do it again. By owning both cars I can do whatever I want, make any mods I want. Its only my opinion.
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From: Poughkeepsie, NY (USA)
Originally Posted by Mr 5er' post='212602' date='Dec 17 2005, 04:02 PM
I have 2 BMW'S and own both of them. Had a bad experience with leasing, will never do it again. By owning both cars I can do whatever I want, make any mods I want. Its only my opinion.
Can you elaborate more on that about the bad experience leasing?
