[4ML INC]

Originally Posted by jiggie

I run into this dilemma every time I purchase a new vehicle, I sit down and run the numbers and do the math and I have yet to come to a situation where leasing was better than financing in my situation in the end.

At least based on my calculations - it is cheaper to own. I have always owned a car and sold around 50-55 months with close to 70k miles on them. I feel that's when you can get the maximum return out of your car and still get a new car ever 4-5 years.

I have usually been able to sell the car for 50-55% of the value of what I initially paid - which is close enough to the residual value the dealership quoted me for 3 years and 15K miles a year. If I were to sell the car after 3 years - I can sell it for more than the residual value the dealership quoted me.

The real value in lease is - your car is under warranty and you can get by with keeping the car is decent condition - and don't have to worry about eating in the car and not worry about normal wear and tear and go to regular car wash etc.

Whereas - when you have purchased it - in my case - I like to keep the car in excellent condition and hand wash it.

When it comes to the $7500 rebate - it makes little sense to lease it. Just throwing money down the toilet.

Now - with carvana and Vroom and other services - selling the car is easy peasy too.

[ichibanb18c]

Originally Posted by jiggie

I run into this dilemma every time I purchase a new vehicle, I sit down and run the numbers and do the math and I have yet to come to a situation where leasing was better than financing in my situation in the end.

BMW is still the #1 leased vehicle. Long term ownership for these cars has too many headaches. Rather enjoy a different car every 3 years. Anything that depreciates in value in my opinion doesn't deserve long term ownership.

[XSnake]

This is my 3rd BMW and the first one to purchase. In the past, we get 8k to 9k discount and leasing is cheap. Now 5 years loan's monthly payment is cheaper than a monthly lease. I can sell it before my warranty expires easily. With 7500 tax credits, purchasing is better this year financially.

[TurtleBoy]

Originally Posted by ichibanb18c

BMW is still the #1 leased vehicle. Long term ownership for these cars has too many headaches. Rather enjoy a different car every 3 years. Anything that depreciates in value in my opinion doesn't deserve long term ownership.

Not even close to being #1, that belongs to Honda. They aren't even the #1 leased luxury brand, that is MB. Maybe you are referring to BMW being the brand that has the highest percentage of leases versus purchase. is change That may still be true but certainly is changing since incentivizing leasing is no longer the focus of BMW.




https://www.experian.com/blogs/ask-e...ased-vehicles/


We aren't saying you shouldn't lease just that it is something to look at. Leasing is rarely the best financial move to make but that doesn't mean it is a bad move since it is often done for other reasons.

[4ML INC]

Finally at the dealership - picking it up tomorrow!!!

[dallen499]

We picked ours up yesterday, very similar build. Loving it!

[4ML INC]

Originally Posted by dallen499

We picked ours up yesterday, very similar build. Loving it!

Getting the car delivered to the house today. Out of state purchase - so they're shipping it. Short trip of 2 hours. Paperwork all done. It's already on the truck!!! Can't waitttt!!!

Post some pics. I will be posting some in a day or two as well.

[e61it]

Enjoy - it's a great ride.

[4ML INC]

Got the car


Finally.


First impression - it's AMAZING!

[TurtleBoy]

Originally Posted by 4ML INC

Got the car


Finally.


First impression - it's AMAZING!

Congratulations. Good luck, enjoy and be safe.

[hb45e]

Congratulations!!

I have a similar build as yours, except mine is Arctic grey! Just waiting for Prod date !!!

[DrPartagas]

Can you explain the process to receive the 7,500. rebate?

[TheFatArmadillo]

Originally Posted by DrPartagas

Can you explain the process to receive the 7,500. rebate?

https://www.irs.gov/forms-pubs/about-form-8936

Here’s the IRS form that needs to be filled out. Either tell your tax preparer that they need to claim this on 8936 or use you tax preparation software to find it.