should I change my lease to a purchase?

col4bin · 05-25-2008, 07:08 PM

the financing rate is really good at 3.9%. The difference is only about ~$140/mo so it's not a big deal. I want to tint the windows and put a clear bra on my car. I am really concerned that by tinting the windows (not done by my dealer) that I am going to get nickel and dimed upon turned in. As I understand aftermarket tint will result in a 3rd party looking over the car at lease turn in and I have hear that they are pretty bad.

BaLLzZz · 05-25-2008, 07:09 PM

how did u figure how much more ur finance will be?

col4bin · 05-25-2008, 07:11 PM

based on the current BMWFS financing offer. I asked my CA for a new payment quote if I change my mind before taking delivery (~June 20)

BaLLzZz · 05-25-2008, 07:32 PM

ooo see i thought u already had the car leased lOl and were doing this then i was gunna be like how let me know lol

PaulBailey@ltbmw · 05-25-2008, 08:16 PM

The Tint And Bra Will Not Be An Issue At All At The Time Of Least Turn In. I've Turned In An E90 With Tint, Headlight OverLays, Custom Grilles, KerSher Front Lip, ACS Side Skirts And Rear Apron, And BlackLine Tail Lights. The Only Thing That Needed To Be Stock Were The Wheels And Tires. They Didn't Give Me Any Problem For Anything Else. But That Is A Pretty Good APR So You Might Consider It. Plus You Won't Have To Worry About Mileage Limitations.

AndrewAZ · 05-25-2008, 09:08 PM

Quote:

Originally Posted by xPaulBaiLeyx

The Tint And Bra Will Not Be An Issue At All At The Time Of Least Turn In. I've Turned In An E90 With Tint, Headlight OverLays, Custom Grilles, KerSher Front Lip, ACS Side Skirts And Rear Apron, And BlackLine Tail Lights. The Only Thing That Needed To Be Stock Were The Wheels And Tires. They Didn't Give Me Any Problem For Anything Else. But That Is A Pretty Good APR So You Might Consider It. Plus You Won't Have To Worry About Mileage Limitations.

X2.

StarrDlux · 05-25-2008, 10:14 PM

if someone hits your car and causes moderate damage ($2K or more) on carfax you probably will see a hit of 10-20% in value. It is a real concern of ownership.

You will sell this car eventually, factor service of $1500/year after 4yr/50K and 7/100K warranty to cover your butt unless you plan on voiding the warranty

.

I too pondered this since i could have loaned myself the money but these turbo cars are far too expensive and with dinan only covering 4/50K.

Perhaps one of you math geniuses can come up with a TCO and scenario situation including maintenance predictable failure costs, PM, and possible diminished value from an accident. Also you can take the residual values for 48/60 month and bump them down a bit since we all know bmw overinflates their residuals to guestimate the cars value.

You'll probably get bored of the car in the 60 to 84 month range so you could run the figures and guestimate resale value and see how much better you will be 5-7 years from now versus re-leasing the car and driving new hotness with (on-star,maintenance,warranty,yadda).

It was a tough choice for me. but time is money and not wasting my time on dealing with issues is more money in my pocket.

I'd definitely like to see some math genius

work up a realistic spreadsheet.

Seazap · 05-25-2008, 10:19 PM

See if you can turn it in and have them 'certify' it and sell it back to you for the same price you already agreed apon. This will extend the warranty period to 100,000 miles instead of 50,000.

col4bin · 05-25-2008, 10:31 PM

another thought process I am going through is that by the time my lease would be up (36 mos), the new body style may be out. I may love it or hate it but it would give me an out option.

miles driven over the course of a year is not much of a concern to me. I have only driven 14k miles over the past 16 mos and that includes a trip from California to Colorado.

StarrDlux · 05-26-2008, 04:58 AM

yes the new audi b8 A4 will be fiercely competitive given it comes in a 4 banger version and quite honestly is very nice inside and out.

Bmw will have to do something soon.

the a5 makes the (3'er) smoke pole on looks imo. If they just had a turbo (4) or (6)

i'd have rocked that coupe.

But thats a good reason to lease. It's not an appreciating asset like LV or Chanel items. It's not a classic like LV or Chanel; items which will be stylish in 60 years to pass to your kids.

So why invest too much effort into ownership? It just leads to stress and headaches. I understand there are those who like to mod and those who are really rich but the tax benefit of leasing for your business are very real.

I wanted them to give me 0 money factor with all payments as security deposits but they thought i was the devil. Prepay 100% lease with no loss-recourse in case of accident and you give me 0 money factor.

Seemed like a fair deal to me. Those crazy germans. Probably all wearing PVC clothing at BMWFS

kwakr738 · 05-26-2008, 06:36 AM

Quote:

Originally Posted by StarrDlux

Prepay 100% lease with no loss-recourse in case of accident and you give me 0 money factor.

Hoping you could elaborate what this means. Sorry I am new to leasing.

rallycobra · 05-26-2008, 04:33 PM

Lease it. If you want to keep it at the end, buy it. You can probably negotate a lower price than the residual. I wouldn't buy it at the end for the full residual. I'm leasing, and was thinking about buying, but I'll probably want a newer one at the end of my lease.

Seazap · 05-30-2008, 11:00 PM

I think its always better to just get a new one when the lease is up. If there is a new body style about to come out BMW is always happy to extend your lease a few months to wait for the new model. The only extra cost is you have to pay another year registration for only a month or two of driving. Plus it can be really expensive to properly maintain an older BMW once the warranty expires. Just turn her in.. you'll love the new one even more!

05-25-2008, 07:08 PM	#1
col4bin First Lieutenant 55 Rep 368 Posts Drives: 2016 M235i Join Date: May 2008 Location: Lakewood Ranch, FL iTrader: (0) Garage List 2008 e92 335xi [0.00]	should I change my lease to a purchase? the financing rate is really good at 3.9%. The difference is only about ~$140/mo so it's not a big deal. I want to tint the windows and put a clear bra on my car. I am really concerned that by tinting the windows (not done by my dealer) that I am going to get nickel and dimed upon turned in. As I understand aftermarket tint will result in a 3rd party looking over the car at lease turn in and I have hear that they are pretty bad.
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05-25-2008, 07:09 PM	#2
BaLLzZz Colonel 127 Rep 2,298 Posts Drives: e92 335i Join Date: Aug 2007 Location: NYC iTrader: (5)	how did u figure how much more ur finance will be? __________________ Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius and a lot of courage to move in the opposite direction. - Albert Einstein 01 e46 m54 - Current : 14 f10 n26 - Boring & Gone : 15 f30 n26 - Current : 08 e92 n54 - Gone & Missed!!!
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05-25-2008, 07:11 PM	#3
col4bin First Lieutenant 55 Rep 368 Posts Drives: 2016 M235i Join Date: May 2008 Location: Lakewood Ranch, FL iTrader: (0) Garage List 2008 e92 335xi [0.00]	based on the current BMWFS financing offer. I asked my CA for a new payment quote if I change my mind before taking delivery (~June 20) Last edited by col4bin; 05-25-2008 at 07:32 PM..
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05-25-2008, 07:32 PM	#4
BaLLzZz Colonel 127 Rep 2,298 Posts Drives: e92 335i Join Date: Aug 2007 Location: NYC iTrader: (5)	ooo see i thought u already had the car leased lOl and were doing this then i was gunna be like how let me know lol __________________ Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius and a lot of courage to move in the opposite direction. - Albert Einstein 01 e46 m54 - Current : 14 f10 n26 - Boring & Gone : 15 f30 n26 - Current : 08 e92 n54 - Gone & Missed!!!
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05-25-2008, 08:16 PM	#5
PaulBailey@ltbmw General 663 Rep 26,878 Posts Drives: 2-325 330 2-335 2-Z4 2-135 X5d Join Date: Mar 2007 Location: Huntington Beach, CA iTrader: (34) Garage List 2008 BMW 335i E90 [7.00] 2011 BMW 335i E92 [7.96]	The Tint And Bra Will Not Be An Issue At All At The Time Of Least Turn In. I've Turned In An E90 With Tint, Headlight OverLays, Custom Grilles, KerSher Front Lip, ACS Side Skirts And Rear Apron, And BlackLine Tail Lights. The Only Thing That Needed To Be Stock Were The Wheels And Tires. They Didn't Give Me Any Problem For Anything Else. But That Is A Pretty Good APR So You Might Consider It. Plus You Won't Have To Worry About Mileage Limitations.
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05-25-2008, 10:14 PM	#7
StarrDlux Pussycat's Meow 9 Rep 682 Posts Drives: '08 335i montego \| Stock Join Date: May 2008 Location: Midtown (Altanta) iTrader: (0)	if someone hits your car and causes moderate damage ($2K or more) on carfax you probably will see a hit of 10-20% in value. It is a real concern of ownership. You will sell this car eventually, factor service of $1500/year after 4yr/50K and 7/100K warranty to cover your butt unless you plan on voiding the warranty . I too pondered this since i could have loaned myself the money but these turbo cars are far too expensive and with dinan only covering 4/50K. Perhaps one of you math geniuses can come up with a TCO and scenario situation including maintenance predictable failure costs, PM, and possible diminished value from an accident. Also you can take the residual values for 48/60 month and bump them down a bit since we all know bmw overinflates their residuals to guestimate the cars value. You'll probably get bored of the car in the 60 to 84 month range so you could run the figures and guestimate resale value and see how much better you will be 5-7 years from now versus re-leasing the car and driving new hotness with (on-star,maintenance,warranty,yadda). It was a tough choice for me. but time is money and not wasting my time on dealing with issues is more money in my pocket. I'd definitely like to see some math genius work up a realistic spreadsheet. __________________ 2008 335i montego \| stock 2002 A4 1.8TQS \| APR 1+ 1990 VW Corrado \| Stage 4 by SNS
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05-25-2008, 10:19 PM	#8
Seazap Private 3 Rep 61 Posts Drives: E89-35is atacama yellw '15-F30 Join Date: Apr 2008 Location: Los Angeles, CA iTrader: (0) Garage List 2011 Z4 sDrive 3.0i [8.33] 2010 135i [9.00]	See if you can turn it in and have them 'certify' it and sell it back to you for the same price you already agreed apon. This will extend the warranty period to 100,000 miles instead of 50,000.
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05-25-2008, 10:31 PM	#9
col4bin First Lieutenant 55 Rep 368 Posts Drives: 2016 M235i Join Date: May 2008 Location: Lakewood Ranch, FL iTrader: (0) Garage List 2008 e92 335xi [0.00]	another thought process I am going through is that by the time my lease would be up (36 mos), the new body style may be out. I may love it or hate it but it would give me an out option. miles driven over the course of a year is not much of a concern to me. I have only driven 14k miles over the past 16 mos and that includes a trip from California to Colorado.
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05-26-2008, 04:58 AM	#10
StarrDlux Pussycat's Meow 9 Rep 682 Posts Drives: '08 335i montego \| Stock Join Date: May 2008 Location: Midtown (Altanta) iTrader: (0)	yes the new audi b8 A4 will be fiercely competitive given it comes in a 4 banger version and quite honestly is very nice inside and out. Bmw will have to do something soon. the a5 makes the (3'er) smoke pole on looks imo. If they just had a turbo (4) or (6) i'd have rocked that coupe. But thats a good reason to lease. It's not an appreciating asset like LV or Chanel items. It's not a classic like LV or Chanel; items which will be stylish in 60 years to pass to your kids. So why invest too much effort into ownership? It just leads to stress and headaches. I understand there are those who like to mod and those who are really rich but the tax benefit of leasing for your business are very real. I wanted them to give me 0 money factor with all payments as security deposits but they thought i was the devil. Prepay 100% lease with no loss-recourse in case of accident and you give me 0 money factor. Seemed like a fair deal to me. Those crazy germans. Probably all wearing PVC clothing at BMWFS __________________ 2008 335i montego \| stock 2002 A4 1.8TQS \| APR 1+ 1990 VW Corrado \| Stage 4 by SNS
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05-26-2008, 04:33 PM	#12
rallycobra Private First Class 14 Rep 135 Posts Drives: 2008 M3 Join Date: Apr 2007 Location: Central NJ iTrader: (1)	Lease it. If you want to keep it at the end, buy it. You can probably negotate a lower price than the residual. I wouldn't buy it at the end for the full residual. I'm leasing, and was thinking about buying, but I'll probably want a newer one at the end of my lease.
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05-30-2008, 11:00 PM	#13
Seazap Private 3 Rep 61 Posts Drives: E89-35is atacama yellw '15-F30 Join Date: Apr 2008 Location: Los Angeles, CA iTrader: (0) Garage List 2011 Z4 sDrive 3.0i [8.33] 2010 135i [9.00]	I think its always better to just get a new one when the lease is up. If there is a new body style about to come out BMW is always happy to extend your lease a few months to wait for the new model. The only extra cost is you have to pay another year registration for only a month or two of driving. Plus it can be really expensive to properly maintain an older BMW once the warranty expires. Just turn her in.. you'll love the new one even more!
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