How are people purchasing their BMW? - BMW 3-Series (E90 E92) Forum

drednik · 09-07-2005, 02:20 PM

I was wondering how people are handling their BMW purchases. I like the idea of switching every 2-4 year, so I've always leased. Is there any advantage to financing if you don't want to own the car for longer than 2-4 years?

Kurupt1811 · 09-07-2005, 02:29 PM

Im financing my e90. I have always seen a lease as renting a car for a long period of time. At the end of the day my e90 is just that...MINE!

Kao BMW · 09-07-2005, 02:41 PM

LEASING is the biggest scam of this century, or the past century rather. Would you LEASE a nice pair of watch? Would you LEASE a loved one? Would you LEASE a pet?

Just buy, and take pride in your purchase.

If you can't afford it, don't step into a BMW dealer.

Red · 09-07-2005, 02:49 PM

Quote:

Originally Posted by Kao BMW

LEASING is the biggest scam of this century, or the past century rather. Would you LEASE a nice pair of watch? Would you LEASE a loved one? Would you LEASE a pet?

Just buy, and take pride in your purchase.

If you can't afford it, don't step into a BMW dealer.

Perhaps. But nothing can be easier than turning in the keys to your "old" bimmer and getting a new one. In other words, you don't have to hassle with finding a seller for your old ride when a new model comes along. It's the only reason why I would lease.

Ed_330i · 09-07-2005, 02:50 PM

finance, leasing is stupid, and so is buying outright (unless your gonna keep the car for a while)

smartest thing is to take the car, and drop the money for it (finance) and just jump to a new car before depreciation hits too hard.

puck724 · 09-07-2005, 03:01 PM

im financing the mo-fo.

Username18 · 09-07-2005, 03:19 PM

Quote:

Originally Posted by Kao BMW

LEASING is the biggest scam of this century, or the past century rather. Would you LEASE a nice pair of watch? Would you LEASE a loved one? Would you LEASE a pet?

Would you buy a loved one?

fatass · 09-07-2005, 03:26 PM

Quote:

Originally Posted by Username18

Would you buy a loved one?

Haha good one. Seriously, that was great.

ward · 09-07-2005, 03:27 PM

Quote:

Originally Posted by Epyon

finance, leasing is stupid, and so is buying outright (unless your gonna keep the car for a while)

smartest thing is to take the car, and drop the money for it (finance) and just jump to a new car before depreciation hits too hard.

because we all know depreciation hits you the worst in the 4th year of ownership.

this is absolutley wrong thinking in terms of saving money

every time you buy/sell/lease, in any way change cars you're giving profit to a dealer. You should switch vehicles as little as possible if you're in to saving money.

The most expensive year to own is the 1st year, and as you go further down the road depreciation gets less and less every year to when it eventually isn't a factor anymore

nawtyxes · 09-07-2005, 03:33 PM

in the words of Randy Moss "straight cash homie"

Ok i kid i kid i kid, I financed my baby. I'm intrigued when people come up to me and ask "hey did you lease or did you buy"

Robbie! · 09-07-2005, 03:35 PM

I leased my car because of the tax benefit. I can write off a lease payment up to 800 per month but only wirte off a car @ 30k.

David328M-Sport · 09-07-2005, 03:37 PM

one cannot dismiss outright any form of financing the car simply Because it depends on your individual financial situation.

perhaps in the US where the cars seem to be half the price compared to the rest of the world, it may make a little sense due to its relative affordability. try buying the 325 at around US$73,000. betcha not many of you could afford it at that price because that what mine cost.

what if you own a business? the business may be a better vehicle (sorry about the pun) from which to pay for the car due to tax laws, depending on your country.

i run a small company and i lease because my accountant explained to me all those years ago the tax advantages of leasing.

your country may have certain leasing incentives in place.

i don't have to fork out the capital in one hit.

to say that someone cannot afford a bmw when they choose to lease is not correct. you do not know their individual financial status.

i have leased bmws since 1992 and know EXACTLY what my monthly payments will be for the next 4 years.

it doesn't matter how one finances the car. enjoying the car is what we are here for.

i am not angry or upset with some of the above posts. i am just pointing out that you have choices from which to enjoy your bmw. it is not black and white like some assert.

blueStreak · 09-07-2005, 04:29 PM

Quote:

Originally Posted by Kurupt1811

Im financing my e90. I have always seen a lease as renting a car for a long period of time. At the end of the day my e90 is just that...MINE!

You "own" about as much of your car as someone who leased. Bottom line whether you lease or finance, the title is not held by you and therefore the car is not yours.

LEDZEP · 09-07-2005, 04:31 PM

Quote:

Originally Posted by Username18

Would you buy a loved one?

No way! Renting is the only way to find true love!

dxk · 09-07-2005, 04:37 PM

Quote:

Originally Posted by Kao BMW

LEASING is the biggest scam of this century, or the past century rather. Would you LEASE a nice pair of watch? Would you LEASE a loved one? Would you LEASE a pet?

Just buy, and take pride in your purchase.

If you can't afford it, don't step into a BMW dealer.

As an MBA from a famous school in the Boston area:
You are very very wrong !
It's only a scam if you don't know what you're doing

ward · 09-07-2005, 04:41 PM

Quote:

Originally Posted by blueStreak

You "own" about as much of your car as someone who leased. Bottom line whether you lease or finance, the title is not held by you and therefore the car is not yours.

at the end of a finance contract you own a car, at the end of a lease you own nothing.

so I guess all the homeowners on the board with a mortgage own their homes just about as much as renters since in both cases the title is held by the bank

BellasBmw · 09-07-2005, 04:50 PM

I financed mine..

Ill be 26 when my car is paid off... DDDDDDDAMN!

Well maybe ill come across some more money and just pay it off quicker.

Jesse Wilson · 09-07-2005, 04:57 PM

Cash all the way, all the other ways are two messy for my taste.

Jesse

CC 330i · 09-07-2005, 05:04 PM

Quote:

Originally Posted by ward

at the end of a finance contract you own a car, at the end of a lease you own nothing.

so I guess all the homeowners on the board with a mortgage own their homes just about as much as renters since in both cases the title is held by the bank

Unless you live in SW PA where my company is based. Houses there cost like $60K. I would have one paid off in about 3 years!

Nikki · 09-07-2005, 05:06 PM

I'm buying and trading in my car for ~$20k unless anyone wants to give me more for it. I plan on keeping this car for 5+ years because I can't think of anything else I would want in the near future besides the new 3 series (when's that going to be, maybe 2012?).

Bimmerista · 09-07-2005, 05:13 PM

Quote:

Originally Posted by ward

at the end of a finance contract you own a car, at the end of a lease you own nothing.

so I guess all the homeowners on the board with a mortgage own their homes just about as much as renters since in both cases the title is held by the bank

FYI, with a mortgage title is held by the owner, the mortgage is a security document. Homeowners purchase an assets which does not depreciate by design and in fact over the long term increases in value.

I am unfamiliar with "financing", since in my jurisdiction (Quebec) the only option is buy or lease. Since I like to change a car while it is still in warranty and therefore do not like to have capital tied in an ever-depreciating asset, I lease, keeping my payments to a minimum and only paying for what I use. Plus I get to deduct it for tax purposes.

Unless you want to "marry" the car for the long-term leasing makes sense.

CC 330i · 09-07-2005, 05:28 PM

At the end of 5 years, your car payment goes to zero if you finance/buy. Financing is a loan from the bank or BMW finance company. If you must have a new car every 3 years or so, leasing makes sense. Otherwise, buying will save you thousands of dollars over leasing. (unless you can deduct leasing costs from taxes, and then it might be better to lease).

View Poll Results: How did you buy your E90?
Leasing	40	19.32%
Financing	81	39.13%
Buying outright	86	41.55%
Voters: 207. You may not vote on this poll

09-07-2005, 02:20 PM	#1
drednik Private Drives: 330i Join Date: Aug 2005 Location: Mississauga Posts: 74 iTrader: (0)	Are people leasing, financing, or buying outright? I was wondering how people are handling their BMW purchases. I like the idea of switching every 2-4 year, so I've always leased. Is there any advantage to financing if you don't want to own the car for longer than 2-4 years?
	Tweet

09-07-2005, 03:01 PM	#6
puck724 COLTS 4 LIFE!!! Drives: 2006 330i Join Date: Aug 2005 Location: california Posts: 1,745 iTrader: (1) Garage List 2006 330i [0.00]	im financing the mo-fo. __________________ 2006 330i --sapphire black--black leather --alumminum trim --premium package --cold weather package --park distace control --automatic transmission --navigation with iDrive

09-07-2005, 03:33 PM	#10
nawtyxes First Lieutenant Drives: Black Sapphire E90 Join Date: Jul 2005 Location: Bowie, MD Posts: 302 iTrader: (0)	in the words of Randy Moss "straight cash homie" Ok i kid i kid i kid, I financed my baby. I'm intrigued when people come up to me and ask "hey did you lease or did you buy" __________________ 8/23/05 2006 325i Black Sapphire-Terra Interior-Burl Trim-Nav Idrive-Xenon-ZSP-ZPP-wind deflector-chrome exhaust-PDC

09-07-2005, 03:35 PM	#11
Robbie! Private First Class Drives: 2006 BMW 325I Join Date: May 2005 Location: Toronto Posts: 168 iTrader: (0)	I leased my car because of the tax benefit. I can write off a lease payment up to 800 per month but only wirte off a car @ 30k. __________________ E90 Titanium Silver/Black/6spd man/Sport/Premium/

09-07-2005, 02:29 PM	#2
Kurupt1811 Private Drives: E60 M5 Join Date: Aug 2005 Location: Fairfax, VA Posts: 83 iTrader: (0)	Im financing my e90. I have always seen a lease as renting a car for a long period of time. At the end of the day my e90 is just that...MINE!

09-07-2005, 02:41 PM	#3
Kao BMW iLOVE90 Drives: 2006 BMW 330i Join Date: Jun 2005 Location: CALIFORNIA Posts: 245 iTrader: (0)	LEASING is the biggest scam of this century, or the past century rather. Would you LEASE a nice pair of watch? Would you LEASE a loved one? Would you LEASE a pet? Just buy, and take pride in your purchase. If you can't afford it, don't step into a BMW dealer.

09-07-2005, 02:50 PM	#5
Ed_330i Lieutenant Drives: 2006 330i Join Date: Jul 2005 Location: North America Posts: 515 iTrader: (0)	finance, leasing is stupid, and so is buying outright (unless your gonna keep the car for a while) smartest thing is to take the car, and drop the money for it (finance) and just jump to a new car before depreciation hits too hard.

09-07-2005, 03:37 PM	#12
David328M-Sport Brigadier General Drives: F30 M-Sport 328i Estoril Blue Join Date: Jun 2005 Location: Melbourne Australia Posts: 3,178 iTrader: (0)	one cannot dismiss outright any form of financing the car simply Because it depends on your individual financial situation. perhaps in the US where the cars seem to be half the price compared to the rest of the world, it may make a little sense due to its relative affordability. try buying the 325 at around US$73,000. betcha not many of you could afford it at that price because that what mine cost. what if you own a business? the business may be a better vehicle (sorry about the pun) from which to pay for the car due to tax laws, depending on your country. i run a small company and i lease because my accountant explained to me all those years ago the tax advantages of leasing. your country may have certain leasing incentives in place. i don't have to fork out the capital in one hit. to say that someone cannot afford a bmw when they choose to lease is not correct. you do not know their individual financial status. i have leased bmws since 1992 and know EXACTLY what my monthly payments will be for the next 4 years. it doesn't matter how one finances the car. enjoying the car is what we are here for. i am not angry or upset with some of the above posts. i am just pointing out that you have choices from which to enjoy your bmw. it is not black and white like some assert. __________________ 328i M-Sport, Estoril Blue, Carbon XP 35 Tint, front heated seats, black Dakota, Sports Suspension, Anthracite Headliner, HUD, Pro Nav, Sunroof, hk 600w, Bi-Xenon, 19" 403M wheels, Reversing Camera, DAB+, Xenon, BT Ext Connect.

09-07-2005, 04:50 PM	#17
BellasBmw If love is the answer,please rephrase the question Drives: Tit Silver 325i Join Date: Jul 2005 Location: San Diego, Ca Posts: 1,733 iTrader: (1) Garage List 2006 325i [0.00]	I financed mine.. Ill be 26 when my car is paid off... DDDDDDDAMN! Well maybe ill come across some more money and just pay it off quicker. __________________ ~~BellasBmw~~ Proud mama to 325i/TiAg/Black lette/Pwr seats/Sirius/Sport/Walnut/Step/Xenons/Chrome exhaust/20% tint

09-07-2005, 04:57 PM	#18
Jesse Wilson Lieutenant Drives: 2006 325I Join Date: Jun 2005 Location: Tempe, AZ Posts: 409 iTrader: (2)	Cash all the way, all the other ways are two messy for my taste. Jesse

09-07-2005, 05:06 PM	#20
Nikki Major General Drives: del Sol VTEC Join Date: Aug 2005 Location: Malibu Posts: 6,368 iTrader: (9)	I'm buying and trading in my car for ~$20k unless anyone wants to give me more for it. I plan on keeping this car for 5+ years because I can't think of anything else I would want in the near future besides the new 3 series (when's that going to be, maybe 2012?). __________________ Nikki

09-07-2005, 05:28 PM	#22
CC 330i Captain Drives: 330i SG/Blk/Alum Join Date: May 2005 Location: Orange County, CA Posts: 722 iTrader: (0)	At the end of 5 years, your car payment goes to zero if you finance/buy. Financing is a loan from the bank or BMW finance company. If you must have a new car every 3 years or so, leasing makes sense. Otherwise, buying will save you thousands of dollars over leasing. (unless you can deduct leasing costs from taxes, and then it might be better to lease).

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