rai

545i

Racer X 11

I agree.

Ckcrigger

Kind of an adolescent response.

And you are dumb.

But according to you, it's your problem and not mine...

Yeah, total disregard for tact, civility and respect sure is a good thing....

Did you grow up watching Jerry Springer?

rai

I disagree about lease being better than a buy. Most (all) financial planners will tell you a car is not a good investment. Basically you will loose money no matter what you buy. Deal with it. If you want to loose less money buy a cheaper car.

Go to BMW lease calculator (for example) M3 MSRP $48K you're looking at $700-$780/month lease depending on the length.

Go to KBB.com you can see a 5-6 year old M3 worth $18K(ish). So if you had bought a M3 5 years ago you'd tie up some money but you'd have something to show for it. If you pay $700*60 = $42K and you have zero to show for it.

If you payed $47K up front for a car in 1999 it's worth $18K now so you payed less than $500/month instead of $700/month.

The longer you keep a car the less it will cost you (per month). If you plan on flipping the car every 2-3 years a lease may be a good as a buy. If you plan on keeping 4-6 years I think a buy is better.

Mutlu

Lease is a good write-off if you're a business owner.

I for one, lease cars for 3 years and usually, depending on car, you are caught up with the what you owe (buy out) and what the car is worth. In 2 years you have capital in the car.

Example, I leased a 00 S4 for 3 years and sold the car after 2. Walked away with $2k and put it down on a M3 and just continued with payments. Then sold the M3 in late 03 and walked away with $1.5k. Now I drive the S2000 and am saving up for a Gallardo, which I want to buy out right.

I get bored with cars quickly and usually by 2 years I no longer feel excited about driving the car, so this works out great for me.

steve c

Me too. The problem I have is that my boredom starts after 3 or 4 months ... no lease can help there. Being a cheap bastard and hunting for a good deal then buying the car outright can, if you are willing to deal with selling it.

under-rated

Number one. M3, S4, C55 is 55-60k + Minimal down 3k-5k at least. Payment on a lease will be in the 800-900 range +. Traditional finance, principal and interest will be in the 1000-1100 range. The only way to get the figures Rai posted is to slap down 25% or whatever you feel comfortable w / putting down. I put down 15k, I still owe a residual balance of 45k on my 2004 M3. My monthly principal and interest is 700+ after the 15k deposit.

As someone mentioned above, the right off. It's a benefit, but the deduction is also marginal, you pay less tax is it.

Vehicle is a luxury bottom line, enjoy it...

Lastly if you don't intend to own, lease it!

under-rated

You know what... check out a 6 series, those cars are sick. I have a friend w / a 645 ci on 22's, Hamman body kit that car is off the hook.

6 series is a sweet ride. It's available in SMG or MT6! They are also in the 70-80k range, but it was worth mentioning. Have fun shopping.

VTEC_Junkie

[QUOTE=Ckcrigger,Oct 31 2004, 06:12 PM]
Kind of an adolescent response.

And you are dumb.

But according to you, it's your problem and not mine...

Yeah, total disregard for tact, civility and respect sure is a good thing....

rai

Leasing may be OK for some people. I just take exception to the advice that says leasing saves money b/c you are not tying up x amount of money. I think there is no truth to that. Leasing will cost more than buying and keeping the car for 60 months.

You can also write-off miles on a car (if you don't lease) so that angle is over played. Also most people don't qualify for tax write-off.

I think Buying (with cash) is the cheapest and buying with a loan and leasing both (obviously) cost a lot more.