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      01-15-2007, 03:45 PM   #23
Bimmerista
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Quote:
Originally Posted by YYZguy
do you agrea with this statement? if yes explain the reasoning behind it for me please.

as far as I understand the principles of leasing, if you put 5000$ down it reduces your payments by 138.89+interrest based on 36 months

so if you do not put the down payment you end up paying 5000$ more on the life of the lease plus interest, so unless you make more than 6.9% interest on your 5000 thought investment, there is really nothing to gain

as for MSD, at Audi 9 MSD gets you a 2% savings on interest, at BMW that's .9% not really alot to jump at, I would have to fork over 9000$ to save .9% on 58000$ (about 1500$ over 3 years), bear in mind had you put your 9 large at ING direct the interest earned would be close to 1000$, so in the end you saved 500$ by tying up 9000$ for 3 years....wow....

putting money down or not your gonna spend that money one way, either in your monthly payments or on your down, the total cost of the lease doesn't change, the one plus about putting money down is your not paying interest on that amount.

Yeah - multiple deposits at BMW don't do much for ya. Manufacturers where it does are in fact subsidising the lease (Volvo used to do it - now I read the Audi is in on it too).

I did nothin. Straight 3 year lease no money down. I lease cause i change cars efvery 4 years max anyways (whether I buy or not) and since I can write off part of the car payments - lease is simpler to write off (no need to worry about re-capture afterwards when you trade-in the car etc.) and a lower payment since I essentially only pay for what I use.
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      01-15-2007, 05:51 PM   #24
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Quote:
Originally Posted by Bimmerista
Yeah - multiple deposits at BMW don't do much for ya. Manufacturers where it does are in fact subsidising the lease (Volvo used to do it - now I read the Audi is in on it too).

I did nothin. Straight 3 year lease no money down. I lease cause i change cars efvery 4 years max anyways (whether I buy or not) and since I can write off part of the car payments - lease is simpler to write off (no need to worry about re-capture afterwards when you trade-in the car etc.) and a lower payment since I essentially only pay for what I use.

Interesting.

Not sure about Quebec tax law but the maximum lease payment that is deductible under the federal system is $800/mth so that would factor in to the equation if you put nothing down and have a payment in excess of $800/mth.
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      01-15-2007, 06:41 PM   #25
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Quote:
Originally Posted by YYZguy
he loses it either way, if he doesn't put the down payment he is going to pay the SAME amount in his payments over 36 months
Point taken.

so, this still makes sense ... paying @$38,000 every 3 years....
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      01-15-2007, 06:51 PM   #26
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Quote:
Originally Posted by youyou
Actually no i don't because if i don't put the money down then my payments would be much higher and i'm actually saving some money by putting the money down.

I am curious. I used BMW's lease calculator and for a loaded 335 ($65,500 list) if you put $0 down your payments are $1,061/mth for a total of $38,196 over 3 years.

If you put the $9,000 you spoke of your payments are $785/mth (roughly 35%lower) for a total of $37,990 (including down payment) over 3 years - a difference of $730 to you.

So if I read you right you are willing to rent a car for @$40,000 every 3 years
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      02-13-2007, 07:16 PM   #27
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I lease mine in ab, 0 down and $1111 an month for 48 months. 6.9% lease rate. Gallerybmw.
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      02-13-2007, 07:50 PM   #28
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What about this:

I plan to purchase out right, to do this i will cash in a small amount of Stock options. I Prefer no monthly payment, but is this the way to go? Is the rule of thumb to always purchase instead of leasing/financing? Even if my stock can earn more than 10% year? I hate the payment thing and since i will only be driving the car in the summer months, i fell paying monthly in the winter for something i cannot drive sucks.
Also if i plan to upgrade to the 2008 M3 in 2yrs, so would it be better to lease my 335 now? Or will i lose too much in the residual????

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