Lease Or Finance?

jeho · 03-15-2008, 11:14 PM

So im just wondering how many of you are leasing or financing?

With leasing, don't you pretty much have to keep the car stock?
If they notice you change DP and ecu, there would be penalties?

im not sure if i should lease or finance? I can financially afford the finance
but some say its better to lease as the time comes up, just get something new,
but you lose all your monthly payments...

Whats your situation or opinion? Thanks

ZuerstBMW · 03-15-2008, 11:51 PM

If you dont plan on keeping your car a long time, then I would just lease.

who's ur daddy? · 03-16-2008, 12:50 AM

Quote:

Originally Posted by jho86

With leasing, don't you pretty much have to keep the car stock?
If they notice you change DP and ecu, there would be penalties?

You can mod, but even if you've purchased, there's a chance the stealership would deny warranty coverage if your mod is alleged to affect the car in any way.

So, you can mod as long as you are aware of the consequences. You'd sell your mods before you return the car to stock before the end of your lease (better keep your stock parts if you plan on modding!).

ians · 03-16-2008, 01:20 AM

For my case, if I buy it back after the lease, it will be slightly cheaper than finance for 60 mth. So I go for lease even I planned to keep the car for over 7yr. Since I can return it if this one has bad reliablity like my old E46. Also, if the car price is going to drop more in the future, they may offer discount on buy back.

Soni · 03-16-2008, 05:33 AM

yes, you loose all the payment....but if you think the car also depreciate after few years, thats the money you will loose anyway. As Nathan said, you can mod your car but just make sure you keep all the OEM parts. Just put them back before you return the car.

jeho · 03-16-2008, 05:38 AM

Quote:

Originally Posted by ians

For my case, if I buy it back after the lease, it will be slightly cheaper than finance for 60 mth. So I go for lease even I planned to keep the car for over 7yr. Since I can return it if this one has bad reliablity like my old E46. Also, if the car price is going to drop more in the future, they may offer discount on buy back.

so your saying that after the lease is over and if you decide to buy out (residual) is still cheaper than the total payments from finance??

If it is could you elaborate more on that? Ive gone thru some calculation and buying the car out after the lease is never cheaper than financing...

Nikos335i · 03-16-2008, 08:41 AM

Quote:

Originally Posted by jho86

so your saying that after the lease is over and if you decide to buy out (residual) is still cheaper than the total payments from finance??

If it is could you elaborate more on that? Ive gone thru some calculation and buying the car out after the lease is never cheaper than financing...

It depends on the % for financing vs. leasing. Quick example is recently the lease rate was 2% IIRC, finance was 5.9% when you factor in the savings in interest over the lease term and factor in the lengthier finance charges (lease 3 years + finance 3 more years vs. finance 5 years at higher %) it might be cheaper or more or less the same. As I said it really depends on the %, you have to crunch some numbers a little to determine what is best.

One advantage of the lease is that you have the option of handing over the keys if you are not satisfied, you feel like changing, etc. Another is if the lease payment is a tax deduction for you then a lease is even a more interesting proposition for you.

kalch · 03-16-2008, 09:41 AM

here's that '08 M3 I saw on the 401 at Avenue Road, going west.

the driver saw me snapping pics

BMdblU · 03-16-2008, 10:43 AM

^ wow not exactly the kinda driver I would have though to see in one of the first M3's in Toronto. She's sitting so close, guess she need to get the clutch down! hha

Nikos335i · 03-16-2008, 11:11 AM

Quote:

Originally Posted by BMdblU

^ wow not exactly the kinda driver I would have though to see in one of the first M3's in Toronto. She's sitting so close, guess she need to get the clutch down! hha

I was thinking the same thing, booster seat

flush01 · 03-16-2008, 07:55 PM

it all depends on your situation... lease has alot of benefits that people usually don't see and think it's a waist of money...

shipill · 03-16-2008, 09:22 PM

Lease

nusevad · 03-16-2008, 09:25 PM

Nice find for the M3. Too bad shes not as hot as the M3.

03-15-2008, 11:14 PM	#1
jeho ig: jeffersonho 148 Rep 2,182 Posts Drives: E90M3.E36M3 Join Date: Mar 2008 Location: PNW iTrader: (6)	Lease Or Finance? So im just wondering how many of you are leasing or financing? With leasing, don't you pretty much have to keep the car stock? If they notice you change DP and ecu, there would be penalties? im not sure if i should lease or finance? I can financially afford the finance but some say its better to lease as the time comes up, just get something new, but you lose all your monthly payments... Whats your situation or opinion? Thanks
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03-15-2008, 11:51 PM	#2
ZuerstBMW ¡Viva España! 373 Rep 7,803 Posts Drives: 2023 230i Mineral White Join Date: Mar 2006 Location: Apollo Beach, FL. iTrader: (68)	If you dont plan on keeping your car a long time, then I would just lease. __________________ 23 G42 230i Mineral White Cognac, Aluminum With Mesh Effect Interior Trim MODS Clear Guard, 15% Ceramic Tint, Floating Caps
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03-16-2008, 01:20 AM	#4
ians Major 40 Rep 1,283 Posts Drives: 08 E92 335i 6MT, 04 TSX 6MT Join Date: Aug 2007 Location: Toronto iTrader: (0)	For my case, if I buy it back after the lease, it will be slightly cheaper than finance for 60 mth. So I go for lease even I planned to keep the car for over 7yr. Since I can return it if this one has bad reliablity like my old E46. Also, if the car price is going to drop more in the future, they may offer discount on buy back.
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03-16-2008, 05:33 AM	#5
Soni Major General 219 Rep 8,375 Posts Drives: Just a car Join Date: Feb 2007 Location: CANADA eh! iTrader: (35) Garage List 2007 335i Coupe [9.00]	yes, you loose all the payment....but if you think the car also depreciate after few years, thats the money you will loose anyway. As Nathan said, you can mod your car but just make sure you keep all the OEM parts. Just put them back before you return the car.
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03-16-2008, 09:41 AM	#8
kalch Lieutenant 22 Rep 528 Posts Drives: Gracie:E92 335 19" S/P/FL/CA Join Date: Apr 2007 Location: TORONTO iTrader: (0)	here's that new M3 here's that '08 M3 I saw on the 401 at Avenue Road, going west. the driver saw me snapping pics Attached Images __________________ E92 335 SPACE GRAY/BLK; 6MT; PREMIUM 19" SPORT PACKAGE;6FL;COMFORT ACCESS
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03-16-2008, 10:43 AM	#9
BMdblU Brigadier General 152 Rep 3,983 Posts Drives: F80 Join Date: Oct 2007 Location: Toronto iTrader: (2)	^ wow not exactly the kinda driver I would have though to see in one of the first M3's in Toronto. She's sitting so close, guess she need to get the clutch down! hha
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03-16-2008, 07:55 PM	#11
flush01 Major 46 Rep 1,419 Posts Drives: 33m@%#ing5 Join Date: Feb 2006 Location: toronto iTrader: (0)	it all depends on your situation... lease has alot of benefits that people usually don't see and think it's a waist of money...
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03-16-2008, 09:22 PM	#12
shipill Major 412 Rep 1,287 Posts Drives: Macan S Join Date: Jan 2007 Location: Canada iTrader: (7)	Lease
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03-16-2008, 09:25 PM	#13
nusevad O! So Sour!! 552 Rep 15,615 Posts Drives: Fast 240z / Slow M3 Join Date: Apr 2007 Location: 'Merica! iTrader: (24) Garage List 1971 Datsun 240z [0.00] 2008 M3 [9.60]	Nice find for the M3. Too bad shes not as hot as the M3. __________________
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