E60 Discussion Anything and everything to do with the E60 5 Series. All are welcome!
View Poll Results: How do we finance our beloved E60?
Cash, fully paid outright
34.04%
Bank Loan
31.91%
Lease
29.79%
None of the above
4.26%
Voters: 94. You may not vote on this poll

How do we finance our beloved E60?

Old Mar 29, 2005 | 11:42 PM
  #1  
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Just curious to know the breakdown
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Old Mar 29, 2005 | 11:52 PM
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Yeah, cash.
Planning on keeping it until next generation 5.
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Old Mar 29, 2005 | 11:52 PM
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Company car (lease)
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Old Mar 29, 2005 | 11:58 PM
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PCP - Personal Contract Purchase --> keeping some of my money in savings rather than watch it all depreciate!

Also for me - tax advantage - can put a % of interest charges againt tax.
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Old Mar 30, 2005 | 12:15 AM
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Originally Posted by ls78000' date='Mar 30 2005, 02:52 AM
Company car (lease)
[snapback]108565[/snapback]
Is your company hiring ? haha..
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Old Mar 30, 2005 | 01:01 AM
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Cash only
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Old Mar 30, 2005 | 01:35 AM
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Not embarrassed to admit it. I had to get a bank loan.
I don't sell enough crack rock to pay straight cash.
I considered selling internal organs but there was already enough testicles to research on.
I then tried to sell my soul but I found out I had already done that to get a Gameboy when I was 13.
Considered robbing people, but then I was ranover by an old lady on a scooter.
Tried selling all my posessions but that only got me a down payment.
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Old Mar 30, 2005 | 02:20 AM
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Originally Posted by Bunbun' date='Mar 30 2005, 08:42 AM
Just curious to know the breakdown?
[snapback]108562[/snapback]
well i bought second hand (still cost me ?40k however) ... paid cash
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Old Mar 30, 2005 | 04:02 AM
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Cash for me outright too!
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Old Mar 30, 2005 | 04:38 AM
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I wanted to lease, but I'm only 26 years old... and I've never financed a car before... so the dealer obviously wanted me to pay a huge down payment, and then huge monthly payments. I also drive too many miles each year to lease, anyway. Right now I am putting 60 miles a day just going to and from work.... plus about 40-60 miles a day on weekends playing golf.

I decided against that, and bought it cash outright.
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