it's time for a new car
#23
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Originally Posted by VTEC_Junkie,Oct 31 2004, 04:20 PM
i think people can say whatever he/she wants, only the recipient can choose to ignore it and/or not take it personally. if a person gets upset or offended over what someone else has said, it is for the most part his/her problem and not the problem of the person who said it.
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?
#24
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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.
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.
#25
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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.
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.
#26
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.
#27
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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!
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!
#28
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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.
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.
#29
Registered User
[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....
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....
#30
Registered User
Originally Posted by Mutlu,Oct 31 2004, 08:10 PM
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.
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.
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.