Lease vs. Buy Poll: Which Did You Do?

antidentite · 11-12-2006, 01:20 PM

I've never considered leasing, but I would like to trade my car after I've owned it for three to five years. Therefore, leasing seems like it might be the way to go.

How many of you purchased or leased your 3 series?

Nikki · 11-12-2006, 01:23 PM

Leased because I was very concerned coming from Hondas about the reliability of a German car and also living in South Florida where no one knows how to drive, getting into an accident and being stuck trying to sell a car without a clean carfax.
I've been lucky, I have no mechanical issues and no accidents after a year. Knock on wood.
It is also nice knowing that I can trade up for the 335 if I choose to in a couple years as long as I get a steady income and I feel I can afford it.

bimmer4me · 11-12-2006, 01:52 PM

If you are self-employed then a lease is definitely the best way to go.

SCA · 11-12-2006, 01:57 PM

With as often as BMW updates their vehicles, including the engines

it is highly likely that I will lease my next BMW.

Ascension · 11-12-2006, 04:00 PM

Purchased

I like the pride of owning rather than leasing

Two Sheds · 11-12-2006, 04:03 PM

I'm self employed so leasing is better for me. Plus I figured in 3 years I'll want a change anyway and if I bought it then I'd have to justify another car, this way I have to get another car

no1sportz · 11-12-2006, 04:16 PM

For my daily drivers I buy the cars. For my BMWs I always lease. I like switching cars every 4-6 months so leasing is my best option. I generally like to pick up leases of those who can no longer afford a car they just got into and take it off their hands. This way they absorb the initial hit. Then after a few months of driving it I will put it back on the market and release it to someone else. I also avoid paying personal property taxes on the leased vehicle due to a loophole in my county!

Ph3n0m73 · 11-12-2006, 05:56 PM

Man... Thats crafty.

Why am I never the one coming up with these ideas about loopholes?

Wait...don't answer that.

edit... Loophole.. that's a funny word. L o o p h o l e.

It's late here, what can I say..

pcharb14 · 11-12-2006, 06:01 PM

I don't like to lease because when the lease is over they treat you like every little nick or small door ding is a crime against humanity. I buy, and trade every 5-7 years. And drive like everyday is my last!

RGRAY · 11-12-2006, 07:19 PM

I paid cash.

I plan on keeping it 10 years.

I only put about 6,000 mikes per year on a car.

SP330 · 11-12-2006, 08:25 PM

Leased. I get bored very quickly.

liquid · 11-12-2006, 08:34 PM

buy, after i ran the numbers if i can sell the car for more then 17k in 3 years its the right choice. i asked the dealer to show me and 2003 on the lot for 17k.

james

flush01 · 11-12-2006, 08:48 PM

bought mine, but will lease in the future

darkcloud · 11-12-2006, 08:57 PM

I leased. My reasons...

I knew I'd want to upgrade in the future to a 335 or E90 M3 if they make it.
I didn't want to put down a lot of change to get a reasonable payment.
By doing so I can continue to save/spend/do whatever I please with my $$.
I could have done financing if I wanted but didn't want to feel completely tied into a car.

John 070 · 11-12-2006, 09:30 PM

Quote:

Originally Posted by RGRAY

I paid cash.

I plan on keeping it 10 years.

I only put about 6,000 mikes per year on a car.

Thumbs-up to all three of the points you made.

My income drives my decision on what car to buy, keyword being buy. If all I could afford were a Honda Civic, then that's what I'd buy. I would never choose a 335, and then figure out how to pay for it.

nmulax · 11-12-2006, 09:30 PM

Financed my 330i.

I've put 12k miles on in 4 (yes 4) months. I'm sure this will slow a bit, but still I drive way to much for a lease. Unless I leased two cars at once; but I don't have the $$ to do that -- at least not two German/Japanese vehicles.

Plan to pay it off within 2-3 years, and keep it for 4-5.

flush01 · 11-13-2006, 12:59 AM

Quote:

Originally Posted by John 070

Thumbs-up to all three of the points you made.

My income drives my decision on what car to buy, keyword being buy. If all I could afford were a Honda Civic, then that's what I'd buy. I would never choose a 335, and then figure out how to pay for it.

thats what I thought before too, that buying is the best way... but after you factor in depreciation, repairs and all the bullsh!t, it comes out pretty close to the monthly rate... plus you can write it off from your business

so don't think just because people lease, that they can't afford it (I thought that before as well)

Zirenz2006 · 11-13-2006, 06:28 AM

I'm self employed and get bored with a car after 2 years so I like to lease and move on.

BK · 11-13-2006, 08:24 AM

Quote:

Originally Posted by no1sportz

I like switching cars every 4-6 months so leasing is my best option.

Holy moley! That's about the shortest car attention span I've seen.

ALPINE6SPD · 11-13-2006, 08:55 AM

lease. I like my lease payments and order to get the same payment I have to put 15-20000 down. At then end of the lease I have that money plus interest. I do not like to part with my money on something that depreciates so quickly. I would rather take that money and invest it in something that does not depreciate. Who cares about owning something that loses value. Just my opinion.

BigO1120 · 11-13-2006, 10:19 AM

I own! I love the fact that after a couple of years of payments the car is actually MINE!

Joe Bimmer · 11-13-2006, 10:45 AM

Quote:

Originally Posted by liquid

buy, after i ran the numbers if i can sell the car for more then 17k in 3 years its the right choice. i asked the dealer to show me and 2003 on the lot for 17k.

james

+1. I bought for similar reasoning.

View Poll Results: Lease vs. Buy?
Leased	141	41.96%
Purchased	195	58.04%
Voters: 336. You may not vote on this poll

11-12-2006, 01:20 PM	#1
antidentite Second Lieutenant 18 Rep 269 Posts Drives: See signature Join Date: Apr 2006 Location: Belleuve, WA iTrader: (0)	Lease vs. Buy Poll: Which Did You Do? I've never considered leasing, but I would like to trade my car after I've owned it for three to five years. Therefore, leasing seems like it might be the way to go. How many of you purchased or leased your 3 series? __________________ Retired: '00 e46 (5mt) Retired: '07 e92 (6mt) Current: '08 S2000 (6mt) Current: '17 Porsche Macan GTS Current: '04 V8 4Runner
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11-12-2006, 01:23 PM	#2
Nikki Major General 990 Rep 6,381 Posts Drives: Sepang Z4MC Join Date: Aug 2005 Location: LA iTrader: (9)	Leased because I was very concerned coming from Hondas about the reliability of a German car and also living in South Florida where no one knows how to drive, getting into an accident and being stuck trying to sell a car without a clean carfax. I've been lucky, I have no mechanical issues and no accidents after a year. Knock on wood. It is also nice knowing that I can trade up for the 335 if I choose to in a couple years as long as I get a steady income and I feel I can afford it. __________________ Nikki
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11-12-2006, 01:52 PM	#3
bimmer4me Captain 52 Rep 996 Posts Drives: 2006 330i Join Date: Apr 2005 Location: Northern Virginia iTrader: (0) Garage List 2006 330i [0.00]	If you are self-employed then a lease is definitely the best way to go. __________________ 2006 330i Monaco Blue \| Grey \| Walnut ...Manual \| Sports \| Premium \| Cold \| Nav \| Comfort Access \| PDC \| Sirius \| Sunshade ...M-Tec Steering Wheel \| M-Tec Shifter \| TLC ...Performance Center Delivery \| Oct 14, 2005
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11-12-2006, 01:57 PM	#4
SCA Brigadier General 565 Rep 3,742 Posts Drives: Multiple BMWs Join Date: Apr 2005 Location: 🇺🇸 iTrader: (0)	With as often as BMW updates their vehicles, including the engines it is highly likely that I will lease my next BMW.
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11-12-2006, 04:00 PM	#5
Ascension Major 87 Rep 1,032 Posts Drives: 2006 330i & 2010 535i Join Date: Jun 2006 Location: Sunnyvale/Tracy, Ca iTrader: (0) Garage List 2010 BMW 535i [0.00] 2006 330i [0.00]	Purchased I like the pride of owning rather than leasing __________________ 2006 330i Jet Black w/ Beige Leather/Sport/Prem/Step/Shades/Xenon/Logic 7
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11-12-2006, 04:03 PM	#6
Two Sheds First Lieutenant 10 Rep 358 Posts Drives: Mini Cooper JCW Join Date: Aug 2006 Location: Toronto iTrader: (1)	I'm self employed so leasing is better for me. Plus I figured in 3 years I'll want a change anyway and if I bought it then I'd have to justify another car, this way I have to get another car
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11-12-2006, 04:16 PM	#7
no1sportz Private First Class 3 Rep 120 Posts Drives: 2008 335i Join Date: Feb 2006 Location: VA iTrader: (0)	For my daily drivers I buy the cars. For my BMWs I always lease. I like switching cars every 4-6 months so leasing is my best option. I generally like to pick up leases of those who can no longer afford a car they just got into and take it off their hands. This way they absorb the initial hit. Then after a few months of driving it I will put it back on the market and release it to someone else. I also avoid paying personal property taxes on the leased vehicle due to a loophole in my county! __________________ 08 335i Black Sapphire...current 07 335i TiAg...gone 06 330i TiAg...gone 05 ///M3 Imola/Black...gone 04 ///M3 Carbon Black...gone
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11-12-2006, 05:56 PM	#8
Ph3n0m73 Private First Class 8 Rep 167 Posts Drives: 2007 335i Coupe Join Date: Sep 2006 Location: North Carolina iTrader: (0)	Man... Thats crafty. Why am I never the one coming up with these ideas about loopholes? Wait...don't answer that. edit... Loophole.. that's a funny word. L o o p h o l e. It's late here, what can I say..
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11-12-2006, 06:01 PM	#9
pcharb14 New Member 0 Rep 11 Posts Drives: 325 2006 / X5 2001 Join Date: Apr 2006 Location: Columbus, OH iTrader: (0)	I don't like to lease because when the lease is over they treat you like every little nick or small door ding is a crime against humanity. I buy, and trade every 5-7 years. And drive like everyday is my last!
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11-12-2006, 07:19 PM	#10
RGRAY Captain 28 Rep 872 Posts Drives: 330xi SG/TERRA/STEP/SP/HS/CA Join Date: Jan 2006 Location: Maryland iTrader: (0) Garage List 2006 BMW 330xi [0.00]	I paid cash. I plan on keeping it 10 years. I only put about 6,000 mikes per year on a car. __________________ 330xi/Sparkling Graphite/Terra/Walnut Burl/Steptronic/Sports Package/Heated Seats/Comfort Access...(blacklines, tint and a black grill). http://www.e90post.com/forums/e90gar...20TINT%20A.jpg
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11-12-2006, 08:25 PM	#11
SP330 Lieutenant 18 Rep 569 Posts Drives: 19 M5 Join Date: Apr 2006 Location: PA iTrader: (0)	Leased. I get bored very quickly.
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11-12-2006, 08:34 PM	#12
liquid Lieutenant 67 Rep 583 Posts Drives: graphite 328i E92 Join Date: Aug 2006 Location: South FL iTrader: (1)	buy, after i ran the numbers if i can sell the car for more then 17k in 3 years its the right choice. i asked the dealer to show me and 2003 on the lot for 17k. james
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11-12-2006, 08:48 PM	#13
flush01 Major 46 Rep 1,419 Posts Drives: 33m@%#ing5 Join Date: Feb 2006 Location: toronto iTrader: (0)	bought mine, but will lease in the future
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11-12-2006, 08:57 PM	#14
darkcloud Colonel 335 Rep 2,385 Posts Drives: 09 VW JSW Join Date: Aug 2006 Location: cleveland, oh iTrader: (2) Garage List 2006 325i [0.00]	I leased. My reasons... I knew I'd want to upgrade in the future to a 335 or E90 M3 if they make it. I didn't want to put down a lot of change to get a reasonable payment. By doing so I can continue to save/spend/do whatever I please with my $$. I could have done financing if I wanted but didn't want to feel completely tied into a car. __________________ retired 06 E90 325i New: 09 VW Platinum Grey Jetta Sportwagen 2.0T SEL w/DSG, panoramic sunroof and Ipod adapter
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11-12-2006, 09:30 PM	#16
nmulax Brigadier General 379 Rep 4,320 Posts Drives: '07 Z4 M Coupe Join Date: May 2006 Location: Metro-Detroit iTrader: (5) Garage List 2007 Z4M Coupé [7.66]	Financed my 330i. I've put 12k miles on in 4 (yes 4) months. I'm sure this will slow a bit, but still I drive way to much for a lease. Unless I leased two cars at once; but I don't have the $$ to do that -- at least not two German/Japanese vehicles. Plan to pay it off within 2-3 years, and keep it for 4-5. __________________
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11-13-2006, 06:28 AM	#18
Zirenz2006 Brigadier General 1542 Rep 4,558 Posts Drives: G80 M3 Comp IOMG Join Date: Aug 2006 Location: US - NE iTrader: (0)	I'm self employed and get bored with a car after 2 years so I like to lease and move on. __________________ Current: 2021 ///M3 Competition Isle of Man Green Ordered: 2024 ///M2 Zandvoort Blue Past: 2018 X3 ///M40i \| 2012 *328i* \| 2009 *335i* \| 2007 *335i Coupe* \| 2005 *545i* \| 2001 *325i*
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11-13-2006, 08:55 AM	#20
ALPINE6SPD Lieutenant General 156 Rep 10,411 Posts Drives: 2010 BMW 328i Sport Join Date: Dec 2005 Location: Highland Lakes NJ iTrader: (2)	lease. I like my lease payments and order to get the same payment I have to put 15-20000 down. At then end of the lease I have that money plus interest. I do not like to part with my money on something that depreciates so quickly. I would rather take that money and invest it in something that does not depreciate. Who cares about owning something that loses value. Just my opinion. __________________ 2010 AW e90 328i: 6 speed, Black Leather, Dark Wood trim, ZPP, ZCW, ZVP,ZSP, Nav, Xenon BMW Performance CF Rear spolier and Gloss black grills 2008 Candy White MKV GTI 2.0T 6 Speed Manul Gone 2008 AW X3 3.0si: 6 speed Returned 2006 AW e90 330i: 6 speed Dinan Stage 1 Returned
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11-13-2006, 10:19 AM	#21
BigO1120 3rd Degree 41 Rep 328 Posts Drives: 2007 Montego Blue 328xi Join Date: Nov 2006 Location: Parsippany, NJ iTrader: (0)	I own! I love the fact that after a couple of years of payments the car is actually MINE!
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