Buying vs Leaing X5 45e

IS350 · 12-01-2020, 05:52 PM

Quote:

Originally Posted by CaboM4

Quote:

Originally Posted by IS350

Congrats, ever lease? M cars definitely do better.

This is the first BMW i have ever bought ... always leased, but the current situation makes it a huge win for me ... but that's only because of aggressive discounting (dealer contribution, BMW NA credits & CCA) & federal tax savings

Nice, We specked ours out as if we were going to lease it with a Ivory interior and loaded with options, my only fear is people may not want it or an $82,000 MSRP car in three years, that's why I thought the lease might be a bit of insulation.

TurtleBoy · 12-01-2020, 06:14 PM

Quote:

Originally Posted by IS350

Nice, We specked ours out as if we were going to lease it with a Ivory interior and loaded with options, my only fear is people may not want it or an $82,000 MSRP car in three years, that's why I thought the lease might be a bit of insulation.

While it may not be the least expensive, leasing is definitely the safest way to go since your costs are known. In the end you are probably talking only a few grand one way or the other so if you are risk averse/other factors just lease and sleep well at night.

Penguino · 12-01-2020, 06:15 PM

Quote:

Originally Posted by IS350

Thanks, MSRP is $82,195

Lease:
Total including $500 lease credit and fees: $70,834.70
$1292.72 down. $792.72 for 35 months.

Finance:
Total including $2,500 finance credit and fees:
$68,873.71
$1,000 down. $1158 for 60 months.

So
Leasing is costing you approx. $29K for 36 months which I'm assuming this is a 10K lease based on the numbers given. You'll have a $350 disposition fee as well as limited mileage.

Purchasing at the 36 month mark will be $41K in payments.

Your loan of $68,873.71 - $7,500 tax credit = $61K
$41K paid during 36 months means $20K pending balance at the 36 month mark.

Your X5 will be worth approximately $40K - $50K in 36 months, I'd said mid $50s but lets undershoot it.

If it's worth $40K, your will have a balance of $20k on your loan yielding $20K in profit from the sale back to your bank. Total cost of ownership becomes $41K paid during 36 months - $20K back to your bank = $21K, $8K less than leasing.

If it's worth $50K, your will have a balance of $20k on your loan yielding $30K in profit from the sale back to your bank. Total cost of ownership becomes $41K paid during 36 months - $30K back to your bank = $11K, $18K less than leasing.

So buying will make this deal about $8K-$18K less than leasing it for the same time period.

If this will cause you to loose sleep at night, just lease it, but financially is not the smartest decision in this case.

TurtleBoy · 12-01-2020, 06:21 PM

Depending on the state, there is also a sales tax difference between the two. With leasing the sales tax is likely to be only on the lease amount rather than the full amount when purchasing.

IS350 · 12-01-2020, 06:36 PM

Quote:

Originally Posted by Penguino

Quote:

Originally Posted by IS350

Thanks, MSRP is $82,195

Lease:
Total including $500 lease credit and fees: $70,834.70
$1292.72 down. $792.72 for 35 months.

Finance:
Total including $2,500 finance credit and fees:
$68,873.71
$1,000 down. $1158 for 60 months.

So
Leasing is costing you approx. $29K for 36 months which I'm assuming this is a 10K lease based on the numbers given. You'll have a $350 disposition fee as well as limited mileage.

Purchasing at the 36 month mark will be $41K in payments.

Your loan of $68,873.71 - $7,500 tax credit = $61K
$41K paid during 36 months means $20K pending balance at the 36 month mark.

Your X5 will be worth approximately $40K - $50K in 36 months, I'd said mid $50s but lets undershoot it.

If it's worth $40K, your will have a balance of $20k on your loan yielding $20K in profit from the sale back to your bank. Total cost of ownership becomes $41K paid during 36 months - $20K back to your bank = $21K, $8K less than leasing.

If it's worth $50K, your will have a balance of $20k on your loan yielding $30K in profit from the sale back to your bank. Total cost of ownership becomes $41K paid during 36 months - $30K back to your bank = $11K, $18K less than leasing.

So buying will make this deal about $8K-$18K less than leasing it for the same time period.

If this will cause you to loose sleep at night, just lease it, but financially is not the smartest decision in this case.

Thanks so much for this.

Of course the big uncertainty remains the value in 3 years, and how hybrid's hold up. With the huge discounts now, it's somewhat deflating values already. But I appreciate your breakdown. My manager asked why I'd want to be responsible for such depreciating asset, with the lease as an option.

That said, if I lease, it only be to have less out of pocket and less worry about how our ivory leather holds up with a newborn. 😱

I do hate to throw away that rebate, of course.

IS350 · 12-01-2020, 06:37 PM

Quote:

Originally Posted by TurtleBoy

Depending on the state, there is also a sales tax difference between the two. With leasing the sales tax is likely to be only on the lease amount rather than the full amount when purchasing.

True. In SC it's a one time $500 max. They also do an annual property tax/registration in both cases.

Penguino · 12-01-2020, 06:42 PM

Quote:

Originally Posted by IS350

Quote:

Originally Posted by Penguino

Quote:

Originally Posted by IS350

Thanks, MSRP is $82,195

Lease:
Total including $500 lease credit and fees: $70,834.70
$1292.72 down. $792.72 for 35 months.

Finance:
Total including $2,500 finance credit and fees:
$68,873.71
$1,000 down. $1158 for 60 months.

So
Leasing is costing you approx. $29K for 36 months which I'm assuming this is a 10K lease based on the numbers given. You'll have a $350 disposition fee as well as limited mileage.

Purchasing at the 36 month mark will be $41K in payments.

Your loan of $68,873.71 - $7,500 tax credit = $61K
$41K paid during 36 months means $20K pending balance at the 36 month mark.

Your X5 will be worth approximately $40K - $50K in 36 months, I'd said mid $50s but lets undershoot it.

If it's worth $40K, your will have a balance of $20k on your loan yielding $20K in profit from the sale back to your bank. Total cost of ownership becomes $41K paid during 36 months - $20K back to your bank = $21K, $8K less than leasing.

If it's worth $50K, your will have a balance of $20k on your loan yielding $30K in profit from the sale back to your bank. Total cost of ownership becomes $41K paid during 36 months - $30K back to your bank = $11K, $18K less than leasing.

So buying will make this deal about $8K-$18K less than leasing it for the same time period.

If this will cause you to loose sleep at night, just lease it, but financially is not the smartest decision in this case.

Thanks so much for this.

Of course the big uncertainty remains the value in 3 years, and how hybrid's hold up. With the huge discounts now, it's somewhat deflating values already. But I appreciate your breakdown. My manager asked why I'd want to be responsible for such depreciating asset, with the lease as an option.

That said, if I lease, it only be to have less out of pocket and less worry about how our ivory leather holds up with a newborn. 😱

I do hate to throw away that rebate, of course.

Financially, it's the worst decision of the two to lease.

Emotionally, it seems it's the best for you since you continue to justify against the purchase.

I won't tell you to lease it because that goes against everything I believe in but you can do that if you feel that's the best for you based on the information poster here.

Tell your sales advisor you'll like to purchase your X5 for $30K in 36 months once your lease is o er and you'll want the dealer to give you that in writing. See what he says.

CaboM4 · 12-01-2020, 07:06 PM

Quote:

Originally Posted by IS350

That said, if I lease, it only be to have less out of pocket and less worry about how our ivory leather holds up with a newborn. 😱

You are a brave man ... i can't get an ivory interior until the kids are in their own cars and not shitting mine up!

IS350 · 12-01-2020, 07:37 PM

Quote:

Originally Posted by Penguino

Quote:

Originally Posted by IS350

Quote:

Originally Posted by Penguino

Quote:

Originally Posted by IS350

Thanks, MSRP is $82,195

Lease:
Total including $500 lease credit and fees: $70,834.70
$1292.72 down. $792.72 for 35 months.

Finance:
Total including $2,500 finance credit and fees:
$68,873.71
$1,000 down. $1158 for 60 months.

So
Leasing is costing you approx. $29K for 36 months which I'm assuming this is a 10K lease based on the numbers given. You'll have a $350 disposition fee as well as limited mileage.

Purchasing at the 36 month mark will be $41K in payments.

Your loan of $68,873.71 - $7,500 tax credit = $61K
$41K paid during 36 months means $20K pending balance at the 36 month mark.

Your X5 will be worth approximately $40K - $50K in 36 months, I'd said mid $50s but lets undershoot it.

If it's worth $40K, your will have a balance of $20k on your loan yielding $20K in profit from the sale back to your bank. Total cost of ownership becomes $41K paid during 36 months - $20K back to your bank = $21K, $8K less than leasing.

If it's worth $50K, your will have a balance of $20k on your loan yielding $30K in profit from the sale back to your bank. Total cost of ownership becomes $41K paid during 36 months - $30K back to your bank = $11K, $18K less than leasing.

So buying will make this deal about $8K-$18K less than leasing it for the same time period.

If this will cause you to loose sleep at night, just lease it, but financially is not the smartest decision in this case.

Thanks so much for this.

Of course the big uncertainty remains the value in 3 years, and how hybrid's hold up. With the huge discounts now, it's somewhat deflating values already. But I appreciate your breakdown. My manager asked why I'd want to be responsible for such depreciating asset, with the lease as an option.

That said, if I lease, it only be to have less out of pocket and less worry about how our ivory leather holds up with a newborn. 😱

I do hate to throw away that rebate, of course.

Financially, it's the worst decision of the two to lease.

Emotionally, it seems it's the best for you since you continue to justify against the purchase.

I won't tell you to lease it because that goes against everything I believe in but you can do that if you feel that's the best for you based on the information poster here.

Tell your sales advisor you'll like to purchase your X5 for $30K in 36 months once your lease is o er and you'll want the dealer to give you that in writing. See what he says.

Good points.

You mention, selling it back to my bank, aka, BMW Financial, buy man, trade in value is horrific, it seems. I've seen 30% depreciation in 2 years on some cars.

IS350 · 12-01-2020, 07:38 PM

Quote:

Originally Posted by CaboM4

Quote:

Originally Posted by IS350

That said, if I lease, it only be to have less out of pocket and less worry about how our ivory leather holds up with a newborn. 😱

You are a brave man ... i can't get an ivory interior until the kids are in their own cars and not shitting mine up!

I'd say it's more wishful than brave. I think this may be the last ivory we go with.

Penguino · 12-01-2020, 07:41 PM

Quote:

Originally Posted by IS350

Quote:

Originally Posted by Penguino

Quote:

Originally Posted by IS350

Quote:

Originally Posted by Penguino

Quote:

Originally Posted by IS350

Thanks, MSRP is $82,195

Lease:
Total including $500 lease credit and fees: $70,834.70
$1292.72 down. $792.72 for 35 months.

Finance:
Total including $2,500 finance credit and fees:
$68,873.71
$1,000 down. $1158 for 60 months.

So
Leasing is costing you approx. $29K for 36 months which I'm assuming this is a 10K lease based on the numbers given. You'll have a $350 disposition fee as well as limited mileage.

Purchasing at the 36 month mark will be $41K in payments.

Your loan of $68,873.71 - $7,500 tax credit = $61K
$41K paid during 36 months means $20K pending balance at the 36 month mark.

Your X5 will be worth approximately $40K - $50K in 36 months, I'd said mid $50s but lets undershoot it.

If it's worth $40K, your will have a balance of $20k on your loan yielding $20K in profit from the sale back to your bank. Total cost of ownership becomes $41K paid during 36 months - $20K back to your bank = $21K, $8K less than leasing.

If it's worth $50K, your will have a balance of $20k on your loan yielding $30K in profit from the sale back to your bank. Total cost of ownership becomes $41K paid during 36 months - $30K back to your bank = $11K, $18K less than leasing.

So buying will make this deal about $8K-$18K less than leasing it for the same time period.

If this will cause you to loose sleep at night, just lease it, but financially is not the smartest decision in this case.

Thanks so much for this.

Of course the big uncertainty remains the value in 3 years, and how hybrid's hold up. With the huge discounts now, it's somewhat deflating values already. But I appreciate your breakdown. My manager asked why I'd want to be responsible for such depreciating asset, with the lease as an option.

That said, if I lease, it only be to have less out of pocket and less worry about how our ivory leather holds up with a newborn. 😱

I do hate to throw away that rebate, of course.

Financially, it's the worst decision of the two to lease.

Emotionally, it seems it's the best for you since you continue to justify against the purchase.

I won't tell you to lease it because that goes against everything I believe in but you can do that if you feel that's the best for you based on the information poster here.

Tell your sales advisor you'll like to purchase your X5 for $30K in 36 months once your lease is o er and you'll want the dealer to give you that in writing. See what he says.

Good points.

You mention, selling it back to my bank, aka, BMW Financial, buy man, trade in value is horrific, it seems. I've seen 30% depreciation in 2 years on some cars.

What's the residual value on your lease?

IS350 · 12-01-2020, 07:45 PM

Quote:

Originally Posted by Penguino

Quote:

Originally Posted by IS350

Quote:

Originally Posted by Penguino

Quote:

Originally Posted by IS350

Quote:

Originally Posted by Penguino

Quote:

Originally Posted by IS350

Thanks, MSRP is $82,195

Lease:
Total including $500 lease credit and fees: $70,834.70
$1292.72 down. $792.72 for 35 months.

Finance:
Total including $2,500 finance credit and fees:
$68,873.71
$1,000 down. $1158 for 60 months.

So
Leasing is costing you approx. $29K for 36 months which I'm assuming this is a 10K lease based on the numbers given. You'll have a $350 disposition fee as well as limited mileage.

Purchasing at the 36 month mark will be $41K in payments.

Your loan of $68,873.71 - $7,500 tax credit = $61K
$41K paid during 36 months means $20K pending balance at the 36 month mark.

Your X5 will be worth approximately $40K - $50K in 36 months, I'd said mid $50s but lets undershoot it.

If it's worth $40K, your will have a balance of $20k on your loan yielding $20K in profit from the sale back to your bank. Total cost of ownership becomes $41K paid during 36 months - $20K back to your bank = $21K, $8K less than leasing.

If it's worth $50K, your will have a balance of $20k on your loan yielding $30K in profit from the sale back to your bank. Total cost of ownership becomes $41K paid during 36 months - $30K back to your bank = $11K, $18K less than leasing.

So buying will make this deal about $8K-$18K less than leasing it for the same time period.

If this will cause you to loose sleep at night, just lease it, but financially is not the smartest decision in this case.

Thanks so much for this.

Of course the big uncertainty remains the value in 3 years, and how hybrid's hold up. With the huge discounts now, it's somewhat deflating values already. But I appreciate your breakdown. My manager asked why I'd want to be responsible for such depreciating asset, with the lease as an option.

That said, if I lease, it only be to have less out of pocket and less worry about how our ivory leather holds up with a newborn. 😱

I do hate to throw away that rebate, of course.

Financially, it's the worst decision of the two to lease.

Emotionally, it seems it's the best for you since you continue to justify against the purchase.

I won't tell you to lease it because that goes against everything I believe in but you can do that if you feel that's the best for you based on the information poster here.

Tell your sales advisor you'll like to purchase your X5 for $30K in 36 months once your lease is o er and you'll want the dealer to give you that in writing. See what he says.

Good points.

You mention, selling it back to my bank, aka, BMW Financial, buy man, trade in value is horrific, it seems. I've seen 30% depreciation in 2 years on some cars.

What's the residual value on your lease?

$45,207 is residual. But no guarantee I can trade it in for that amount 3 years into my loan, should I finance, of course.

Btw, a 1 pay lease saves another $1300, but not sure that's worth it.

Penguino · 12-01-2020, 07:46 PM

Quote:

Originally Posted by IS350

Quote:

Originally Posted by Penguino

Quote:

Originally Posted by IS350

Quote:

Originally Posted by Penguino

Quote:

Originally Posted by IS350

Quote:

Originally Posted by Penguino

Quote:

Originally Posted by IS350

Thanks, MSRP is $82,195

Lease:
Total including $500 lease credit and fees: $70,834.70
$1292.72 down. $792.72 for 35 months.

Finance:
Total including $2,500 finance credit and fees:
$68,873.71
$1,000 down. $1158 for 60 months.

So
Leasing is costing you approx. $29K for 36 months which I'm assuming this is a 10K lease based on the numbers given. You'll have a $350 disposition fee as well as limited mileage.

Purchasing at the 36 month mark will be $41K in payments.

Your loan of $68,873.71 - $7,500 tax credit = $61K
$41K paid during 36 months means $20K pending balance at the 36 month mark.

Your X5 will be worth approximately $40K - $50K in 36 months, I'd said mid $50s but lets undershoot it.

If it's worth $40K, your will have a balance of $20k on your loan yielding $20K in profit from the sale back to your bank. Total cost of ownership becomes $41K paid during 36 months - $20K back to your bank = $21K, $8K less than leasing.

If it's worth $50K, your will have a balance of $20k on your loan yielding $30K in profit from the sale back to your bank. Total cost of ownership becomes $41K paid during 36 months - $30K back to your bank = $11K, $18K less than leasing.

So buying will make this deal about $8K-$18K less than leasing it for the same time period.

If this will cause you to loose sleep at night, just lease it, but financially is not the smartest decision in this case.

Thanks so much for this.

Of course the big uncertainty remains the value in 3 years, and how hybrid's hold up. With the huge discounts now, it's somewhat deflating values already. But I appreciate your breakdown. My manager asked why I'd want to be responsible for such depreciating asset, with the lease as an option.

That said, if I lease, it only be to have less out of pocket and less worry about how our ivory leather holds up with a newborn. 😱

I do hate to throw away that rebate, of course.

Financially, it's the worst decision of the two to lease.

Emotionally, it seems it's the best for you since you continue to justify against the purchase.

I won't tell you to lease it because that goes against everything I believe in but you can do that if you feel that's the best for you based on the information poster here.

Tell your sales advisor you'll like to purchase your X5 for $30K in 36 months once your lease is o er and you'll want the dealer to give you that in writing. See what he says.

Good points.

You mention, selling it back to my bank, aka, BMW Financial, buy man, trade in value is horrific, it seems. I've seen 30% depreciation in 2 years on some cars.

What's the residual value on your lease?

$45,207 is residual.

Btw, a 1 pay lease saves another $1300, but not sure that's worth it.

A one-lease payment means if the car gets wrecked you loose everything.

IS350 · 12-01-2020, 07:48 PM

Quote:

Originally Posted by Penguino

Quote:

Originally Posted by IS350

Quote:

Originally Posted by Penguino

Quote:

Originally Posted by IS350

Quote:

Originally Posted by Penguino

Quote:

Originally Posted by IS350

Quote:

Originally Posted by Penguino

Quote:

Originally Posted by IS350

Thanks, MSRP is $82,195

Lease:
Total including $500 lease credit and fees: $70,834.70
$1292.72 down. $792.72 for 35 months.

Finance:
Total including $2,500 finance credit and fees:
$68,873.71
$1,000 down. $1158 for 60 months.

So
Leasing is costing you approx. $29K for 36 months which I'm assuming this is a 10K lease based on the numbers given. You'll have a $350 disposition fee as well as limited mileage.

Purchasing at the 36 month mark will be $41K in payments.

Your loan of $68,873.71 - $7,500 tax credit = $61K
$41K paid during 36 months means $20K pending balance at the 36 month mark.

Your X5 will be worth approximately $40K - $50K in 36 months, I'd said mid $50s but lets undershoot it.

If it's worth $40K, your will have a balance of $20k on your loan yielding $20K in profit from the sale back to your bank. Total cost of ownership becomes $41K paid during 36 months - $20K back to your bank = $21K, $8K less than leasing.

If it's worth $50K, your will have a balance of $20k on your loan yielding $30K in profit from the sale back to your bank. Total cost of ownership becomes $41K paid during 36 months - $30K back to your bank = $11K, $18K less than leasing.

So buying will make this deal about $8K-$18K less than leasing it for the same time period.

If this will cause you to loose sleep at night, just lease it, but financially is not the smartest decision in this case.

Thanks so much for this.

Of course the big uncertainty remains the value in 3 years, and how hybrid's hold up. With the huge discounts now, it's somewhat deflating values already. But I appreciate your breakdown. My manager asked why I'd want to be responsible for such depreciating asset, with the lease as an option.

That said, if I lease, it only be to have less out of pocket and less worry about how our ivory leather holds up with a newborn. 😱

I do hate to throw away that rebate, of course.

Financially, it's the worst decision of the two to lease.

Emotionally, it seems it's the best for you since you continue to justify against the purchase.

I won't tell you to lease it because that goes against everything I believe in but you can do that if you feel that's the best for you based on the information poster here.

Tell your sales advisor you'll like to purchase your X5 for $30K in 36 months once your lease is o er and you'll want the dealer to give you that in writing. See what he says.

Good points.

You mention, selling it back to my bank, aka, BMW Financial, buy man, trade in value is horrific, it seems. I've seen 30% depreciation in 2 years on some cars.

What's the residual value on your lease?

$45,207 is residual.

Btw, a 1 pay lease saves another $1300, but not sure that's worth it.

A one-lease payment means if the car gets wrecked you loose everything.

I'm told it goes into an escrow, and unused portion of the money is returned.

IS350 · 12-01-2020, 07:49 PM

$45,207 is residual. But no guarantee I can trade it in for that amount 3 years into my loan, should I finance, of course.

TurtleBoy · 12-01-2020, 08:08 PM

Quote:

Originally Posted by Penguino

A one-lease payment means if the car gets wrecked you loose everything.

This is not correct. As mentioned above, the payments are held in escrow and made each month. Should the vehicle get totaled the balance is returned.

Penguino · 12-01-2020, 08:09 PM

Quote:

Originally Posted by TurtleBoy

Quote:

Originally Posted by Penguino

A one-lease payment means if the car gets wrecked you loose everything.

This is not correct. As mentioned above, the payments are held in escrow and made each month. Should the vehicle get totaled the balance is returned.

I just confirmed this to be correct.

IS350 · 12-01-2020, 08:32 PM

Quote:

Originally Posted by Penguino

Quote:

Originally Posted by TurtleBoy

Quote:

Originally Posted by Penguino

A one-lease payment means if the car gets wrecked you loose everything.

This is not correct. As mentioned above, the payments are held in escrow and made each month. Should the vehicle get totaled the balance is returned.

I just confirmed this to be correct.

Thanks, unused one time lease $ is refunded, that's good. However, may rather invest that, if leasing.

I think BMW and the Feds with tax credits and low interest rates, are doing a good job, encouraging us to finance, not lease, I just would like some peace of mind that I'm not going to be regretting a purchase when I try to trade it in on 3 years.

codex57 · 12-02-2020, 12:47 AM

Man, I'm envious of you with the ivory seats. I really want them and I love lighter interiors... but my daughter's a FILTHY child. Her brother is surprisingly clean, but her side of the car is always nasty even though we're pretty consistent about telling them to clean out their side every time they get out of the car. Even her seatbelt gets stained like crazy.

IS350 · 12-02-2020, 02:17 AM

Quote:

Originally Posted by CaboM4

Quote:

Originally Posted by IS350

Thanks, new marriage and baby deduction, so I wasn't sure if I'd be able to fully use the $7,500. Guess I could always roll over some IRA to Roth $, but there's still a penalty.

I would model it out with your 2019 taxes ... add those credits in and see what your liability still is for 2019 ... should be similar unless any material changes to income (downward).

Congrats on the wife and kid!

Thanks! It's my first BMW family car, first SUV.

Regarding taxes, I always get a refund when I add in my losses, but need to verify tax bill before the new credits this year, was hoping 2020 TurboTax was available, but it's not yet.

Oh well, not the end of the world if I lease or buy. May just pay extra for lease wear and tear a d turn that ivory in with all the baby food stuck in the ventilated ivory seats. 😂

IS350 · 12-02-2020, 02:22 AM

"Depending on your liability and other tax credits you take, you may not see the full tax savings of the tentative credit you calculate on Form 8936. This is because the credit is a nonrefundable credit. Nonrefundable tax credits cannot reduce your tax bill below zero and also reduce your tax bill for a number of other credits taken before reducing the remaining tax bill for your plug-in electric motor vehicle credit."

Guessing this means if I apply marriage and child credit and have no remaining tax Bill, the $7,500 EV credit is unusable?

IS350 · 12-02-2020, 02:25 AM

Quote:

Originally Posted by codex57

Man, I'm envious of you with the ivory seats. I really want them and I love lighter interiors... but my daughter's a FILTHY child. Her brother is surprisingly clean, but her side of the car is always nasty even though we're pretty consistent about telling them to clean out their side every time they get out of the car. Even her seatbelt gets stained like crazy.

Don't be envious, my seats will probably look like a clay tennis court when we're done. Congrats on the boy and girl, does she take after you or your wife?

Btw, Image Guard is one of several products that's supposed to help repel dirt, it may help with your ivory dream and daughter. 😀

12-01-2020, 06:21 PM	#114
TurtleBoy General 13236 Rep 19,728 Posts Drives: 2019 X5 40i,2021 M340i Join Date: Jan 2019 Location: Colorado iTrader: (0)	Depending on the state, there is also a sales tax difference between the two. With leasing the sales tax is likely to be only on the lease amount rather than the full amount when purchasing. __________________ 2021 BMW G20 M340i xDrive - Verde Ermes/Black - 03/2024.40 2019 BMW G05 X5 xDrive40i - Phytonic Blue/Cognac - 11/2023.50
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12-01-2020, 07:49 PM	#125
IS350 IS350 to IS-F to M3 and M4 117 Rep 803 Posts Drives: 2015 i8 Join Date: Aug 2007 Location: South Carolina iTrader: (0)	$45,207 is residual. But no guarantee I can trade it in for that amount 3 years into my loan, should I finance, of course.
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12-02-2020, 12:47 AM	#129
codex57 Lieutenant 214 Rep 485 Posts Drives: 2021 X5 45e, Tesla Model 3 Join Date: Aug 2018 Location: California iTrader: (0)	Man, I'm envious of you with the ivory seats. I really want them and I love lighter interiors... but my daughter's a FILTHY child. Her brother is surprisingly clean, but her side of the car is always nasty even though we're pretty consistent about telling them to clean out their side every time they get out of the car. Even her seatbelt gets stained like crazy.
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12-02-2020, 02:22 AM	#131
IS350 IS350 to IS-F to M3 and M4 117 Rep 803 Posts Drives: 2015 i8 Join Date: Aug 2007 Location: South Carolina iTrader: (0)	"Depending on your liability and other tax credits you take, you may not see the full tax savings of the tentative credit you calculate on Form 8936. This is because the credit is a nonrefundable credit. Nonrefundable tax credits cannot reduce your tax bill below zero and also reduce your tax bill for a number of other credits taken before reducing the remaining tax bill for your plug-in electric motor vehicle credit." Guessing this means if I apply marriage and child credit and have no remaining tax Bill, the $7,500 EV credit is unusable?
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