[windycitycy]

Bought mine

[magbarn]

Purchase, kept E46 for 8 years and E90 for 6 years. Would've kept the 335d longer but the diesel emission equipment was pure junk.

Hopefully we get 8 years out of our G05...

[dream54ing]

Originally Posted by MystroX5

Don’t laugh at this but I have purchased vehicles before with cash. There was a cash discount available so I brought in cash.

next time you decide your doing this again, please have me film it with your taste in vehicles, thats a good stack of Benjamins!

[TurtleBoy]

I asked my CA about the purchase/lease ratio and he said roughly a third of his clients purchase rather than lease.

[lumpydog]

Bought. Always have. Still have have my original plate from when I was 18 years old as you simply transfer plated here in MA when you purchase. Lease = new plate

[dream54ing]

Originally Posted by FreddyBMW

Bought mine too.

No interest in paying the interest. However, leasing has its own pros and cons; just a few here;

Pros;
1. Returning a leased car allows you to get a newer thing to try out.
2. Don't care about faults, recalls, negative feedback, performance, depreciation, aging etc. about the car

Cons;
1. More liabilities on you as the car is not your property
2. Mileage anxiety
3. Returning in the shape it was given to you
4. Paying some extra $$ (comparing to if had bought and sold in three years)

In most cases its worthwhile if the pros out weight the cons, but for me would be, does the pros outweigh what the total cost of the lease. At the end, you dont own anything.

I would never lease a car unless i have it as a business write off, otherwise, purchasing, imo, makes more sense.

[FreddyBMW]

Originally Posted by dream54ing

In most cases its worthwhile if the pros out weight the cons, but for me would be, does the pros outweigh what the total cost of the lease. At the end, you dont own anything.

I would never lease a car unless i have it as a business write off, otherwise, purchasing, imo, makes more sense.

yep, alternatively, you get a chance for trading in your car. Some car manufacturers offer you a competitive price of your trade-in while its still under 3-year-old. Plus you get the benefit of Sales Tax benefits when trading it.

I got the highest trade-in for my Audi from BMW that anyone was offering me including the Audi guys itself.

[MystroX5]

Originally Posted by dream54ing

next time you decide your doing this again, please have me film it with your taste in vehicles, thats a good stack of Benjamins!

I wasnt trying to be a big shot or anything like that but in a world where people are over extending themself for everything, "cash is king" and it never hurts to ask if a discount is available in larger purchases.

[SHAWN 212]

I'm am going to purchase and I'm leaving about 20k financed with bmw to qualify for the 2k rebate then I will pay it off after 3 payments. My only reservation about financing is if you have an accident i think i will take a big hit on resale or trade as I usually only keep cars 2-4 years.

[AndroidRobot]

I purchased mine

[rmorin1249]

My experience buying about 12 new higher end BMWs over the last 25 years is that they depreciate more than 50% in 3 years in terms of what you get if you trade very 3 years. Since I am now fully retired and drive each of our cars less than 10K miles a year, I tried a low mileage lease on the X5. We usually trade every 3 years so the numbers seemed to favor a lease. With the residual set at 59% I seriously doubt we would want to buy it at the end of the lease based on my experience it won't be worth that much money. Time will tell.

[thomas_Rp]

I have leased my current G05 for the following reason:

In 2010 I purchased and currently own a 535i F10. The car is a pleasure to drive (still is). Unfortunately, I am always worried about what would break down next. In the past two years I have spent close to $5,000 in repairs - fuel pump, starter motor failure, defective condenser, belt tensioner failure, coolant pump, cylinder head cover, engine oil leak.

I will never drive another BMW unless it is under some kind of warranty.

These BMWs are a lot of fun to drive but are also incredibly complex and unreliable. Things really start to break down after the warranty period. They have also designed them in a way where it is complex to repair. Google "bmw oil pan gasket" if you want to learn more.

I am happy with my G05 lease terms, the mileage limit and most importantly the fact that it is covered under warranty.

[peter11]

In my case, I weighed the options and this time I bought. Last time I leased. What swayed me this time was that I'd likely keep the car longer than 3 years. At the 3 year mark the car is still pretty new; I take good care of them. While I can afford a new one at that point, it seems almost wasteful to get a new one again. Second there was a $2000 apr promotion when I bought mine that did not apply to leasing. So, I financed a small amount and will pay it all off in 3 months and pay virtually no interest. Leasing also involves a $975 (?) leasing fee and a disposition fee of $350(?) at the end if you don't lease another vehicle (in which case I believe they will waive it). So, in my case, there was at least a $2975 difference (which was about a 4.5% difference to the negotiated sale price) in leasing vs buying. Over 36 months, that's $82 per month plus tax.

The most common objection to buying that I hear is that once the warranty ends the car becomes very expensive. My solution is to insure with Geico and pay an extra $11 per month for their mechanical breakdown coverage. It is renewable up to 100K miles and is full bumper to bumper coverage, albeit with a $250 deductible (only $50 on glass as I recall).

In the end, I'll likely keep the car 5 years or maybe 6 and put about 70k miles on it. Depending on how it holds up I could keep it longer, but I'll probably be eyeing something new by then.

[dream54ing]

Originally Posted by MystroX5

I wasnt trying to be a big shot or anything like that but in a world where people are over extending themself for everything, "cash is king" and it never hurts to ask if a discount is available in larger purchases.

Hey, if your able, no one will blame you. lol...

If I thought of it, we would of done that when we got our 4. We wrote a check, but really wish i walked in with $50K rolled up with a rubber band.
I'm sure people done much more, but for us, its a lot of $$, so it would be a bit fun for me

[onefishtwofish]

I purchased mine, always. As others have said, I prefer the flexibility of getting out of it whenever I choose and no mileage anxiety.

[bmwmgens]

Originally Posted by Jameskohn

I purchase all of my cars, mostly for the flexibility of having the choice of when to get out of it. I find that with the higher end cars the tipping point is around 3 years. If I get rid of the car before three years my cost would have been lower if I had leased. Once I get to around three years of ownership it's a break even, and after three years I generally come out ahead.

Agreed....I think this is especially true if you're paying off the car early and avoiding interest charges. After 3 years of ownership and a paid off car in your possession you're in that "max flexibility" stage. Opting for a new car at year 4 will give you a good head start with a down payment; or you can cash out and move into a lease while investing the cash in a fund for a future purchase (if, for example, you're waiting for a car that's not out yet and need to bridge the gap for 3 years...). OR...if the car is trouble free, then continue with low cost ownership.

[speuk]

Always bought mine outright

[The Libertine]

All cars I previously owned, as well as my current BMW I bought; not a fan of leasing.

[stein_325i]

I use to buy, but with my current financial state, annual mileage, and how often I like to get a new car I find its better to lease, not to mention every car I own now and in the future will always be covered under warranty.

[davramic]

Originally Posted by MystroX5

I wasnt trying to be a big shot or anything like that but in a world where people are over extending themself for everything, "cash is king" and it never hurts to ask if a discount is available in larger purchases.

Big dog

[wrickem]

I bought this one but sometimes I lease. I get a generous lease allowance from my company and since I usually don't keep a car past 4 years, and with the way my last purchased BMW depreciated in 4 years, it would have made more sense for me to have leased this one.

[peter11]

Originally Posted by peter11

In my case, I weighed the options and this time I bought. Last time I leased. What swayed me this time was that I'd likely keep the car longer than 3 years. At the 3 year mark the car is still pretty new; I take good care of them. While I can afford a new one at that point, it seems almost wasteful to get a new one again. Second there was a $2000 apr promotion when I bought mine that did not apply to leasing. So, I financed a small amount and will pay it all off in 3 months and pay virtually no interest. Leasing also involves a $975 (?) leasing fee and a disposition fee of $350(?) at the end if you don't lease another vehicle (in which case I believe they will waive it). So, in my case, there was at least a $2975 difference (which was about a 4.5% difference to the negotiated sale price) in leasing vs buying. Over 36 months, that's $82 per month plus tax.

The most common objection to buying that I hear is that once the warranty ends the car becomes very expensive. My solution is to insure with Geico and pay an extra $11 per month for their mechanical breakdown coverage. It is renewable up to 100K miles and is full bumper to bumper coverage, albeit with a $250 deductible (only $50 on glass as I recall).

In the end, I'll likely keep the car 5 years or maybe 6 and put about 70k miles on it. Depending on how it holds up I could keep it longer, but I'll probably be eyeing something new by then.

I should add to my comments that the interest component of leasing this type of car, even with MSD's is around $160 per month. So all tolled, that's $5760, plus $925 Acquisition fee, and in my case I would have had to forgo a $2000 apr incentive (but paying off loan in 3 months). That's an extra $8685 to lease a vehicle over paying cash. Some of this, is of course, off set by the opportunity cost of not having that cash available to invest in an appreciating asset. And for some that's enough reason to lease with no money down.