03-31-2017, 06:16 PM | #24 | |
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I'm surprised at all the chatter about an M2. It's a very different type of car. Yes, it may be comparable in speed around a track but it's as different from the M4 as the M4 is from the M6. I like the M2 but i wouldn't want one. I just checked bmwusa.com for CPO 2015 M4s. Prices are $57k-$70k so that $50k could be considered a bargain depending on options. And no, unless it was my car, I wouldn't likely buy a used M car that wasn't CPO. |
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03-31-2017, 06:21 PM | #25 |
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I did the math. my car was stickered at $76k. it was leased based on $72k price. If I buy at the predetermined price of $50k end of lease I'll end up paying MSRP.
I assumed the lease at month 3 (1300 miles) with some seller incentives. I do the oil changes and will change spark plugs at 20k miles. zero problems with the car so far. |
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03-31-2017, 06:35 PM | #26 | |
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If you pick up the depreciation part of the lease payments and add to residual you will, by definition, get back to cap cost.
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03-31-2017, 07:20 PM | #27 | |
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I would just forget that car and buy another one.
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03-31-2017, 07:34 PM | #28 |
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It is always interesting to see how many people don't understand lease financing every time a topic like this one arises. I think we can all agree it is best for those who don't grasp the basics to avoid leasing altogether.
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03-31-2017, 07:35 PM | #29 |
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If the residual is comparable to the market price of the car then go for the buyout. You obviously love the car and take good care of it, why wouldn't you want to keep it longer especially when it has already taken its most significant depreciation hit?
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04-01-2017, 08:10 AM | #30 |
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Why would one downgrade from a m3 to a m2?? Cars slower, to small, less power, less tuning potential, interior sucks and I personally think ugly. I guess to each their own.
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04-01-2017, 09:28 AM | #31 | |
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It's fascinating how much misinformation people post.
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04-01-2017, 12:01 PM | #32 | |
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I always lease BMWs because leasing minimizes your financial risk - it's exactly like a loan, but with more options and instead of you taking the financial risk of asset price collapse, BMWFS does. And BMW leases are particularly great because they buy residual insurance which means it's a great deal for us versus Mercedes or Porsche. These days I would never take a car loan simply because the sub-prime bubble moved from mortgages to cars loans, and that bubble is about to burst and kill used car prices. Now will that affect M cars? Or the economy as a whole? Maybe. who knows? Why the fuck would I take the risk by getting a car loan or buying outright? Here's your bubble:
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04-01-2017, 12:20 PM | #33 | ||
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All I am saying is that first of all OPs car isn't even new it's used he assumed the lease. I think he would be better off getting a brand new one for the same cost. My point is that the lease buyout is never the sum of all the payments which is why if buying it is not a good deal MOST of the time.
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04-01-2017, 12:27 PM | #34 | |
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My point is you're using words like "never" which aren't true. It's like saying, "I can't afford MBA school tuition because it's $30k more than I can afford". Ok, then negotiate it down $30k. That's the first test of your business acumen: B-schools (or any grad school or university) don't exactly advertise that you can negotiate for obvious reasons but you can. That's my point. |
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04-01-2017, 12:28 PM | #35 | |
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I always purchase because my average car ownership is 10 years, so that makes leasing a non starter for me.
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04-01-2017, 12:30 PM | #36 | ||
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04-01-2017, 12:33 PM | #37 |
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You shouldn't beg, it looks weak.
but seriously folks, I'm too lazy to argue with you, and for you I'm sure you're right. |
04-01-2017, 12:55 PM | #38 |
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lol, did anyone read my post??????????????????? If u structure your lease properly only paying 1kor2k more versus a fiance is DIRT CHEAP insurance if u wanna walk away after three years. but it falls on deaf ears
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04-01-2017, 01:06 PM | #39 | ||
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Furthermore, once you decide to lease that decision is made. The buyout decision comes later, independent of what you did upfront. If the car is worth more than the residual it doesn't really matter what previous payments add up to. You can buy a car with a history you know for less than you could buy the same car a stranger previously owned. I get it if one chooses not to exercise the buyout option because they want a new car, and even understand why some choose to purchase and hold the car for a long time, but can't imagine why someone would conclude it never or rarely makes sense to buy out a car at lease-end based on economics that factor in historical lease payments to make a current decision.
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04-01-2017, 01:28 PM | #40 | |
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04-02-2017, 04:19 AM | #41 |
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It is always interesting to see an elitist put down someone who is actively seeking knowledge on a subject by telling those who lack said knowledge they should just avoid the subject altogether, and that the reason they should avoid the subject is because they lack the knowledge for which they seek.
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04-02-2017, 07:11 AM | #42 | |
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Calling out someone spreading misinformation is not "elitist" so get over it.
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04-03-2017, 02:10 AM | #43 | |
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04-03-2017, 09:11 AM | #44 |
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To clarify further, I'd rather have an m3 over an m2. I configured mine with the intention of purchase, but when I found out about the 66% residual, I opted to lease instead. I was able to negotiate $70k on a $76 car. My monthly payments were $400 cheaper leasing over finance. No MSD's.
If I purchase this car after the lease, the negotiated price won't matter and I would have paid MSRP. That is assuming the purchase price is $50k and not negotiable. If the car remains in the condition it is currently in and I could negotiate the purchase price to $45k, I'd buy it. I base this on a few factors: A. I like how the car is configured B. It has been reliable without any oil consumption, differential issues, or any hiccups that would make me be wary of long term ownership. I won't buy a new M3 because priorities change and I can't shell out that extra $400 a month and I don't think 66% residuals are happening again soon, so it will cost me a lot more to lease the same car (unless I'm missing something) |
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