06-12-2019, 06:19 PM | #155 |
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The good news is that if you can manage the frustration of their hi tech issues, from all I've read, the G05 is still a BMW and still full of what made BMW's the Ultimate Driving Machine. So on one hand, you still get the fun and spirited BMW and on the other is the frustration of software driven features working one day but not the next and server issues causing a whole host of tech issues but they don't impact your ability to drive the car.
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gpitts247.00 |
12-20-2023, 12:04 PM | #156 | |
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Also if you drive the car , at the end of the lease to lets say 95000 kms. Im sure your car value will also take a hit |
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12-20-2023, 03:21 PM | #159 |
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12-20-2023, 04:13 PM | #160 |
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BMW has continually lowered lease residual values over the past few years to make leasing completely unattractive here in Canada.
Car makers have all colluded to setting 4 year leases as standard also. 20 years ago 3 year was normal, but not any more. I don't know when the push for 4 years became standard. Rob |
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12-20-2023, 04:58 PM | #161 |
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I swap in and out of cars far too often to be stuck with a single one for 3-4 years. I bought my '22 X5 used with 9k miles on it so someone else already had eaten some depreciation on it. But I am finding the resale value to plummet quickly.
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12-20-2023, 05:14 PM | #162 |
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I usually pay cash for mine, but the X5, the interest rate to take a loan was only 0.9%, so I took a loan out for it and invested the money. I don't drive all that much anymore, so they don't get a lot of miles on them, so things tend to age out versus wear out. I've not had to replace brakes on a vehicle in probably 15-years. I'm still capable of doing some of the routine maintenance myself, but depending on what it is, will let the dealer or other shop do it. Just depends.
If I was a high mileage driver, that might change my mind, but I don't tend to buy a new vehicle unless the old one either pisses me off, or there's some really compelling reason to get the new one with features I really want. It can help if you don't skimp on the new one so you don't get into the 'I wish I had x' option. |
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12-20-2023, 05:32 PM | #163 |
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Bought my 2002 540. 10 yrs, 120k miles.
Bought my 2022 X5 40. Plan on 10 yrs. Great deal. Is telling somebody today, absolute luxury, inside, and 24+ miles per gallon. At 75 mph, beat that. |
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12-20-2023, 06:21 PM | #164 |
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Bought my 2024 X5 M60i outright. I drive over 20k miles per year and usually keep them 5-6 years. Have bought 8 of 9 BMW’s new mostly M models. Haven’t regretted it yet.
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12-20-2023, 06:42 PM | #165 |
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Gotta love necrothreads!!
Buyers here, and I've never leased a car. We did borrow money for my wife's X5, but only because it was dirt cheap and both interest rates and inflation were clearly headed up. We keep cars a long time (the last 4 besides our current dailies are 23 and 20 years, so far, and 13 and 6 years for the two we sold, and selling my JKURX at 6 years was a mistake), but I seriously doubt I'll own a German car for a long period. If it's trouble-free for 4-5 years, we won't likely push our luck any longer. Mark
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12-20-2023, 07:48 PM | #166 |
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Bought the last 2. - leased the previous ones
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12-20-2023, 09:17 PM | #167 |
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Always have bought just off lease bmws 2-3 years old run them 3-4 years make sure I’m way ahead on equity and use that as a way to make a down payment via trade into a new one. Does suck right now on interest rates.
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12-20-2023, 09:57 PM | #168 |
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Buyer here as well, but will lease I’d deal is great. I have leased twice with this situation, QX60 and MDX. Both were found by leasehackr, zero down, 0.6% msrp monthly payment kind of deal, which doesn’t exist anymore.
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12-21-2023, 02:06 AM | #169 |
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Nothing like resurrecting an old thread. I normally buy but the temptation of having a rental car (leasing) might be too great the next time. WOT all the time, no break-in.... mmmmmmm.
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12-21-2023, 08:35 AM | #170 |
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I’ve bought every single one of my cars….and I have not kept a single one more than 4 years or 50k miles at the most. Usually get a new one in 2-3 years.
Prior to Covid, I drove too many miles to make leasing an option. Perhaps it might be time to revisit that now though.
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12-21-2023, 09:49 AM | #171 | |
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Drives: 2022 x5 40!
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12-21-2023, 09:56 AM | #173 | |
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12-21-2023, 10:54 AM | #176 |
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I bought mine because I wasn't sure how many miles I was going to put on it.
As for the old thread, if someone wanted to continue the discussion, what would be the point of starting an entirely new one?
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