View Poll Results: Is your E60 Bought or Leased?
Voters: 149. You may not vote on this poll
Your car: Bought or Leased?
#12
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Originally Posted by MidnightRider' post='537995' date='Feb 29 2008, 10:43 PM
As a high milage driver I would get killed in a lease. I need to purchase outright.
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Originally Posted by luigi524td' post='537987' date='Feb 29 2008, 09:38 PM
Leasing is more viable if business accounting benefits from easier calculation or reporting of tax write offs.
Generally, in the United States, leasing permits easier ['less expensive"] access to vehicles that are (too) expensive for someone to purchase outright. I don't feel that it is the [easier/cheaper] way of getting a different car every 24-30-36 months. If you run the numbers, leases are one of the least cost-effective means of automobile use/acquisition.
Generally, in the United States, leasing permits easier ['less expensive"] access to vehicles that are (too) expensive for someone to purchase outright. I don't feel that it is the [easier/cheaper] way of getting a different car every 24-30-36 months. If you run the numbers, leases are one of the least cost-effective means of automobile use/acquisition.
However, despite that illusion, knowledgeable buyers can still end up coming out ahead.
In conclusion, if you lease and do factory delivery, the likelihood is that you will come out ahead due to how the lease is calculated.
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Originally Posted by NJREDZ06' post='537975' date='Feb 29 2008, 05:50 PM
I bought mine. ![Cool](https://5series.net/forums/images/smilies/cool.gif)
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I have never made regular car payments in my life, but have had to endure at least a dozen American made company cars over the years.
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Originally Posted by tachyon' post='538001' date='Feb 29 2008, 07:56 PM
According to a survey of 450 model year 2007 E60 buyers, the split was 30% purchased / 70% leased.
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Originally Posted by DBU' post='538008' date='Feb 29 2008, 08:12 PM
Interesting. The split here is almost reversed. Since only BMW enthusiasts hang out here, I conclude that the majority of enthusiast prefer, or are able to, buy. But why?
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Originally Posted by tachyon' post='538001' date='Feb 29 2008, 09:56 PM
According to a survey of 450 model year 2007 E60 buyers, the split was 30% purchased / 70% leased.
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#18
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My Ride: 04 545i - Titanium Silver/Black, Sport pkg, Comfort Seats w/ Lumbar, Premium Sound, power rear sunshade, Adaptive Xenon Headlights, Steptronic, Park Distance Control, Fold down rear seats w/ski bag, Aux jack, 6-disk changer, puddle lamps...
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I'm averaging 20K+/year on my car. Leasing is definately NOT an option for me
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#19
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this is an international site, and you are missing out a method called PCP. This is a UK method. Essentially, you buy the car, paying approx 2/3 the cost of the car over the term. At the end of the period, you give the car back or pay the remaining balance. (baloon payment). Its not a lease, the car is registered in your name and as far as the law is concerned, you are buying it. You can pay the full balance at any time - which you cant with a lease - its a tied in contract. Its an adapatation of a method called 'hire purchase' in the UK
-The actual cost paid over the lease term is approx. 35-45% of the car (basically depreciation over the lease period) give or take depending on your annual milieage limit.
-Although you can't buy the car at any time there is a balloon payment at the end of the lease which is determined at lease signing.
-The car is registered in your name and you do pay taxes and inspection fees - just like a purchase.
Originally Posted by JSpira' post='538004' date='Mar 1 2008, 12:00 AM
Actually, as a dealer recently pointed out on Bimmerfest, leasing may work out in your favor for high mileage. You will know exactly what it will cost and you won't be stuck with a car that has lost a lot of its value due to unusually high mileage. I saw numbers going back and forth and I suppose it could make sense for some. If nothing else, it's predictable.
Even with a lower mileage limit, the cost to lease isn't too much less than to own ($100 - $200) or in other words, some people pay alomst as much to lease as I do to own. As it stands, with a lease you are paying off 35% to %45 of the cars value over 3 years compared to 100% over 5-7 years.
I too own my BMW and I'm a bit surprised to see the high percentage of those polled who also own. Every car I've owned was for at least four years. To me its not about how old your car is, but how well you take care of it. Besides - if BMW's are really as good as everyone here says they are then I should have absolutely no problem selling it when I decide to do so.
#20
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I tend to keep my cars (on my 4th BMW) for 5 yrs or so, which is roughly in line with BMW releasing new models, so I usually buy them out right and get a better resale value selling it privately later, when it is time to get a new motor. (got another year or two to go on my current one before I change it, yepee
).
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