12-20-2019, 08:29 PM | #24 |
First Lieutenant
121
Rep 373
Posts |
When you lease, BMW owns the car. You are renting and your obligation to them is just the total cost of the lease. Your credit report will only reflect the total cost of the lease.
|
12-20-2019, 09:10 PM | #25 | |
Major
852
Rep 1,215
Posts |
Quote:
|
|
Appreciate
1
818M3330.50 |
01-12-2020, 12:59 AM | #26 |
Captain
331
Rep 923
Posts |
My question doesn't apply to the thread at hand. But, I will ask here and not make a new thread to keep things simple. Couple questions.. Individual paint cost ~$5200? And when placing an order, is the required deposit still $500?
Thanks! |
Appreciate
0
|
01-12-2020, 11:36 PM | #27 |
Captain
1392
Rep 773
Posts |
Can't speak to individual paint cost. But deposit is determined by dealer. Some will ask $500, I have been asked to pay up to $2000. Up to $1k is reasonable IMO, unless you have a crazy build that the dealer knows they won't sell to anybody else.
__________________
2023 G82 M4 Competition / Dravit Grey Ind. / Silverstone/Black Full Merino / Carbon Fiber trim / Bi-color 826M / Executive / M Carbon Ceramic Brakes / Icon Adaptive LED Headlights / M Shadowline Lights / M Carbon Exterior
|
Appreciate
1
Defense34.00 |
01-13-2020, 07:14 AM | #28 |
///M Powered for Life
11490
Rep 10,329
Posts |
In 2013 when I placed the order for my individual montecarlo blue E92 M3 I paid 5k for the paint
|
Appreciate
0
|
01-13-2020, 06:28 PM | #29 |
Colonel
2594
Rep 2,683
Posts
Drives: '24 X7 M60i
Join Date: Jan 2014
Location: Scottsdale, AZ
|
Leasing may give you a lower payment for a few years, but your residual amount is most likely too to be way over market value of the car. BMW will no longer negotiate lease buyouts with the original leasee.
So, from a financial point of view, leasing to buy our later doesn't make the most sense.
__________________
Ex Stig
'25 M5 Touring (on the list, first slot) '24 X7 M60i '22 M5 CS - (sold) |
Appreciate
0
|
01-16-2020, 02:38 PM | #30 | |
Racecar Driver
1288
Rep 1,955
Posts
Drives: BMW M4
Join Date: Mar 2019
Location: Beverly Hills, California
|
Quote:
__________________
N1rve
2019 BMW ///M4 - Alpine White | Sakhir Orange/Black Leather | M-DCT | Executive Package | 19" Black 437M Wheels | Carbon Fiber Trim | Sunroof | Active Blind Spot | Heated Steering Wheel | Adaptive M Suspension |
|
Appreciate
0
|
01-30-2020, 08:46 PM | #31 | |
Captain
1392
Rep 773
Posts |
Quote:
__________________
2023 G82 M4 Competition / Dravit Grey Ind. / Silverstone/Black Full Merino / Carbon Fiber trim / Bi-color 826M / Executive / M Carbon Ceramic Brakes / Icon Adaptive LED Headlights / M Shadowline Lights / M Carbon Exterior
|
|
Appreciate
0
|
01-30-2020, 08:50 PM | #32 | ||
Major
852
Rep 1,215
Posts |
Quote:
|
||
Appreciate
0
|
01-31-2020, 06:31 AM | #33 | |
Colonel
2871
Rep 2,759
Posts
Drives: 2020 M4 ZCP / 2023 X3 M40i
Join Date: May 2005
Location: Northern VA
|
Quote:
|
|
Appreciate
1
minn1914037.50 |
01-31-2020, 10:15 AM | #34 | ||
Major
852
Rep 1,215
Posts |
Quote:
100k F80 M3 CS BMW discounts to 80k You lease it at 60% residual. Some would like that means 80*60% is what's due when the lease is up, but nooooo, it's 100*60% If you were to purchase, you would have financed a total of 80k. So, moral of the story, if you get a good discount you're better off financing the car[/QUOTE] Not really true. Let's say you lease a $100k CS at 60% residual. RV is $60,000. But car is discounted 20%. That means you're only paying $20,000 over the lease ($80,000-$60,000RV) plus interest and fees, which I'll disregard for simplicity's sake. If you choose to buy this car out after the lease, then you'll pay the RV, $60k. You've paid $80k ($20k lease plus $60k RV) in total for this car. Let's say you're buying this same car from the start at the same 20% discount. Then you're simply buying it for the same $80k. This guy explains it perfectly so no need for me to. |
||
Appreciate
0
|
01-31-2020, 11:43 AM | #35 | |
Major General
4998
Rep 6,863
Posts |
Quote:
Let's say you lease a $100k CS at 60% residual. RV is $60,000. But car is discounted 20%. That means you're only paying $20,000 over the lease ($80,000-$60,000RV) plus interest and fees, which I'll disregard for simplicity's sake. If you choose to buy this car out after the lease, then you'll pay the RV, $60k. You've paid $80k ($20k lease plus $60k RV) in total for this car. Let's say you're buying this same car from the start at the same 20% discount. Then you're simply buying it for the same $80k. This guy explains it perfectly so no need for me to.[/QUOTE] Your example is a little misleading. The original post claimed that if you were to buy out a lease you end up paying the same amount of money you have it you purchased the car from the beginning. This of course is not true assuming you are talking overall cost and not simply the agreed upon sales price which of course is the same in any scenario (as you illustrated in your example). In the example you provided, yes the cost of the vehicle itself is $80k in either method lease vs purchase, but thats much too simplistic to look at it that way and you would be fooling yourself if you thought the overall cost is the same merely because the sales price is the same. As stated by another poster, the acquisition cost and interest component is significantly higher in a lease vs purchase/finance, thus making the lease the more expensive proposition if you were to buy it out vs purchasing from the start. |
|
Appreciate
1
minn1914037.50 |
02-22-2020, 11:51 PM | #36 |
Second Lieutenant
55
Rep 271
Posts |
I'm leasing with plans to purchase at the end. I did the math when I first leased the car in terms of my total out of pocket costs of leasing + purchasing at end vs purchasing outright and its true that leasing and then purchasing does cost more. I decided to do that anyways because my monthly payments for leasing it first are less, but I do have a slightly different financial scenario where I knew with certainty that my income would be fairly fixed for the next 2-3 years but would triple after that.
|
Appreciate
0
|
02-23-2020, 12:50 AM | #37 | ||
New Member
17
Rep 18
Posts |
Quote:
__________________
aa
|
||
Appreciate
0
|
Post Reply |
Bookmarks |
|
|