02-05-2017, 02:40 AM | #23 |
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this thread is full of people with no major problems at all.
http://f80.bimmerpost.com/forums/sho...043508&page=34 22k miles now and i am solid. plan on keeping this car for 6 years and 60-70k miles.
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02-05-2017, 08:11 AM | #24 | |
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Personally, I might pick one of these up when people have owned and written DIYS for them. |
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02-05-2017, 08:36 AM | #25 | |
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The problem arises when you take a "street" engine that was not necessarily designed and overbuilt for race track type abuse and squeeze hp out of up to the tolerances of its weakest links. My concern with any BMW, much less the newer models with more electronics, is that they can seriously nickel and dime you to death once you get out warranty. That seems to be about the time a lot of items that are not overbuilt fail and perhaps they build to tolerances only designed to withstand certain mileage not too dissimilar from mfg of a light bulb. Costs wise, it may be much cheaper to stay in a new M class with a factory warranty, especially if you can still get covered maintenance. |
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02-05-2017, 09:29 AM | #26 |
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This specific DCT has been in the market since 2012 and has been paired with more powerful engines from the factory (up to 600hp) and has proven thus far to be quite sturdy and reliable. I would not be worried.
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02-05-2017, 10:17 AM | #27 | |
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02-05-2017, 10:43 AM | #28 | ||
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With lease I would drive newer car year 4-6 but warranty-wise no difference and nothing at the end |
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02-05-2017, 11:14 AM | #29 |
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Nothing at the end is the problem with the other posters logic
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02-05-2017, 12:32 PM | #30 |
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There is this persistent myth that any BMW much less an M will detonate three miles past warrantee. If you truly believe that fear that then lease away.
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02-05-2017, 03:06 PM | #32 | |
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yes, there are some electronic issues, and sometimes an expense out of pocket for a minor issue, but do your research on the models and check for common problems prior to buying each car model. I have rarely used cpo or extended warranties even after buying them. certain sports cars/luxury cars it does make sense to lease, but the m3 is not one of them imho. ATS-V has lost a LOT of value- here's a 6k mile '16 clean carfax that is listed for 50k, basically sitting there for months. this is where it made sense to lease if you can get a good rate. https://www.cars.com/vehicledetail/d...8217/overview/ My friend was in the market for a used m3 and gave up because there are basically no cars and the prices are too high.
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02-05-2017, 03:13 PM | #33 | |
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Sorry bud this is way off. Easy math here if you lease for 3 years at an average of $800 per month, that is $10K per year x 3 plus the $5,000 down payment to get begin the lease. That is roughly $35K total for a 3 year rental, basically. Stack that situation twice as you said for 6 years, and now you are over $70 thousand dollars after 6 years of leasing with literally nothing to show for it. After 6 years of just buying it, you'd have paid the ~80K car off entirely, and have a minimum 25K resale value left + the one year were it was all yours with no car payment considering most loans are 60 months. In fact owning it is way cheaper. These cars have some minor issues that pop up sure, but you're assuming the motor/trans/turbos will just start to blow up after its 5 yrs old. It's just not how things work. Back to reality, I am on the fence about owning this car long term. I'm not worried about something major breaking, but I simply may be willing to buck up and get a newer car by the time 2019 rolls around. The Alfa Giulia really has my attention, and the new M3 will most likely have a hybrid setup, which doesn't interest me at all. |
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02-06-2017, 12:40 AM | #34 |
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30k here and its still running well. Had a ticking sound coming from engine but apparently i had busted a cooling line from a rock impact, got it fixed and now sound is gone.
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02-06-2017, 07:12 PM | #35 | |||
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My lease is around 700 bucks a month, including sales tax. I put at least 15,000 miles a year.... so at the end of 6 years I would have about 100,000 miles. Who the hell is going to buy an outdated model M3 with 100,000 miles for $30,000 lol? Further, the 400 bucks a month the lease saves adds up to $28,800 over 6 years. High residuals and great lease rates make leasing a BMW a no brainer. Take advantage of multiple security deposits to further drive down the rate. No better way to drive an expensive car inexpensively and worry free. Further.... if you have a REAL problem with the car and are leasing, it's pretty easy to get a new replacement car. If you OWN it, not so easy Not sure what math you are using. |
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02-06-2017, 07:30 PM | #36 | |
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02-06-2017, 07:55 PM | #37 | ||||
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If you leased the same $75k M3 with no money down what would your payment be? $900+? Let's say it's $900. That's $32,400 over the lease term or $64,800 over two back to back lease terms to equal the 6 year example above. So you spend almost $5k more and have nothing to show for it in the end. You save $5k by buying and own the car outright and can keep it payment free as long as you like. Hmmm.... |
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02-06-2017, 10:41 PM | #38 | |||||
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Owning a depreciating asset is not smart. Owning an M car is just not a good decision Leases also have tax advantages, but I'm not even going to start explaining that. |
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02-06-2017, 11:05 PM | #39 |
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If you got 700 lease on 75k car than you can buy that same car for 65k. I admire your negotiation skills.
If you drive 15k a year for same 700 per mo even better for you. All I was able to do is invoice +$500 and to me purchase was better |
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02-07-2017, 12:03 AM | #40 |
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Thanks. To clarify, I don't consider 6 years long-term and I'm sure all new BMWs will be fine within that timeframe. My comments were based on keeping one past 10 -15 years. But, as you state, technology may be developed to offer solutions for tech issues. It just seems that while tech used to be mainly for navigation/entertainment, it is now necessary to actually drive the car. That said, I'm all for advancement, which is why the M3's particular spot in my garage will likely be rotational.
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02-07-2017, 05:04 AM | #42 | |
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Back to topic, I am also in the camp of long-term ownership and asked similar question earlier. I came to realize this is really a gamble and it depends on whether you can DIY or find a good 3rd party shop to keep the expense under control. To me leasing has less uncertainty but I would be paying a lot for peace of mind in 7-10 years. The chance of needing to swap in a new engine and DCT is not that high and I would just buy extended warranty or go Geico to cover the potential risk. |
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02-07-2017, 07:44 AM | #43 | |
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02-07-2017, 09:36 AM | #44 |
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I think people need to remember that some of the real expensive electronics and the powertrain can be sourced used from parts dealers/junkyards. You're not limited to OEM in the long run.
At least thats what I'm telling myself. Intending to keep long term (pay off before my kids go to college and have something cool to drive while they are in). Then, god willing, its Porsche time. |
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