[Jwong]

Would you rather "lease" or "finance/cash purchase" your G05?

Please share your reasons in this thread. The goal is to help potential buyers in our community weigh the pros and cons based on your informed insights.

Let’s help each other make informed choices!

[Auricom]

Ugh not another lease versus purchase discussion that's been hashed ad nauseam throughout the various Bimmerpost model forums and hundreds of other car buying sites.

Pro-finance with argue leasing is throwing money away. Pro-leasing enjoys renting a new vehicle every 2 to 3 years without having to take on long term vehicle ownership, maintenance, repairs and warranties.

Pro's with both.

In the end, you need to be an educated consumer, understand both, and make a personal, hopefully, sound financial decision that fits your needs or lifestyle.

But to indulge your polling and discussion, I purchased my first car when I got out of college, a used Miata under 1K mi. It was the first car I owned, fall in love with, and got me into auto crossing. I tracked it, paid it off, and traded it for my first lease and BMW, a new 2001 E46 328i Sport. Since then, I'm enjoying the new BMW car scent, design evolutions, performance and technology every 3 years.

[TestnDoc]

Lease. Never own a depreciating asset.

[Jagu]

Lease it if you only intend to keep it for less than 6 years.

[doctorttt]

Originally Posted by TestnDoc

Lease. Never own a depreciating asset.

Agreed. For me, I will consider buying if the final cost of the vehicle is below 50k, otherwise, lease. I don't feel bad about making all those lease payments over time and I don't own the car. It is a depreciating "appliance"

[ems328i]

Not even half way down the first page of this forum:

https://g05.bimmerpost.com/forums/sh....php?t=1734720

[thomas_Rp]

My response would be never drive a BMW that is not under some kind of warranty. Once stuff breaks, it becomes freaking expensive to repair since these are very complex machines.

[wtwo3]

This is my first lease, previously I had always purchased my cars. I realized I liked the idea of getting a new car every 3 years, and at that rate, ESPECIALLY for BMW, it makes much more financial sense for me to lease. Purchasing a BMW and then selling it at 3 years is much more expensive than leasing it.

It comes down to your own situation. If you see yourself keeping the car long term, then figure out the break-even point at which purchasing becomes the cheaper option (typically 5-6 years on BMW's). But if you don't see yourself keeping the car past that point, then typically leasing is the way to go.

[Jwong]

Hi, thanks for sharing, but the topic of that thread is whether people would purchase another G05. This thread is focused on helping would be buyers decide whether to lease or buy their G05.

Originally Posted by ems328i

Not even half way down the first page of this forum:

https://g05.bimmerpost.com/forums/sh....php?t=1734720

[thereef510]

Originally Posted by Jwong

Hi, thanks for sharing, but the topic of that thread is whether people would purchase another G05. This thread is focused on helping would be buyers decide whether to lease or buy their G05.

it's like the chicken and the egg theory. you will never convince a habitual buyer to turn into a leaser or visa versa. and there certainly isn't some succinct permutation of words that can be coherently written in a forum post to sway anyone one way or the other.

[ems328i]

Originally Posted by Jwong

Hi, thanks for sharing, but the topic of that thread is whether people would purchase another G05. This thread is focused on helping would be buyers decide whether to lease or buy their G05.

There are so many variables that it can only be up to the individual depending on their specific situation. I can't imagine that there will ever be a one-size-fits-all answer either way...

[Jwong]

I agree, there’s no universal “right answers”, just the right answers for each person. That said, people aren’t clear on the pros and cons for either side, so I was hoping to use this thread to consolidate all the different viewpoints and let people decide what works best for them. That’s the hope anyway.

Originally Posted by ems328i

There are so many variables that it can only be up to the individual depending on their specific situation. I can't imagine that there will ever be a one-size-fits-all answer either way...

[Aimster82]

Lease because I like changing my car every 3 years.

[rayray718]

Originally Posted by TestnDoc

Lease. Never own a depreciating asset.

Haha, I couldn't decide when I took delivery of my m50, but decided last minute to lease and used the money to buy amazon shares end of March. Pretty much took care of my lease payments before cap gains. Better lucky than good. Would never want a BMW off warranty either. I must've spent 2k on my 3.5 yr old e70 as soon as it expired. Then I sold it and leased.

[doctorttt]

Originally Posted by rayray718

Haha, I couldn't decide when I took delivery of my m50, but decided last minute to lease and used the money to buy amazon shares end of March. Pretty much took care of my lease payments before cap gains. Better lucky than good. Would never want a BMW off warranty either. I must've spent 2k on my 3.5 yr old e70 as soon as it expired. Then I sold it and leased.

Good call. Amazon's stock rose a lot since March.

[Marty in NY]

Thought this info applied to this lease vs buy topic. I read the article but it didn't say if the costs in the chart are per year or? My assumption is they are per year and even though it may come at no surprise that BMW is at the bottom of the list in terms of the 10 yr ownership model, $900/yr doesn't seem like much all things considered for a luxo performance car. On the positive side, BMW is at the top of the heap for the 5 yr model. The article did not say what was included in their maintenance and repair costs

I was a little surprised at Mercedes 5yr cost since its under warranty most of that time. I read it as $2K, could it simply be tires? I don't think so because why wouldn't a BMW also need new tires within 5 yrs? I don't know, what do you guys make of it?

Anyway, here's the chart.. ..

.

[Spencer518]

Makes sense as BMW gives 3 years of free maintenance. MB and Audi do not.

[wtwo3]

Originally Posted by Marty in NY

Thought this info applied to this lease vs buy topic. I read the article but it didn't say if the costs in the chart are per year or? My assumption is they are per year and even though it may come at no surprise that BMW is at the bottom of the list in terms of the 10 yr ownership model, $900/yr doesn't seem like much all things considered for a luxo performance car. On the positive side, BMW is at the top of the heap for the 5 yr model. The article did not say what was included in their maintenance and repair costs

I was a little surprised at Mercedes 5yr cost since its under warranty most of that time. I read it as $2K, could it simply be tires? I don't think so because why wouldn't a BMW also need new tires within 5 yrs? I don't know, what do you guys make of it?

Anyway, here's the chart.. ..

.

Is there any additional information regarding the data in the chart? i.e. when it was conducted, what constitutes cost of ownership, explanations behind certain outliers etc.

[Tenac]

Originally Posted by wtwo3

Is there any additional information regarding the data in the chart? i.e. when it was conducted, what constitutes cost of ownership, explanations behind certain outliers etc.

I agree, would love to see the meta data here. I never agree with these charts, heck spark plugs on a V6 F150 cost 650 installed here (i do it myself for 60). I'd love to know exactly the data points they use to show this.

[Marty in NY]

Originally Posted by wtwo3

Is there any additional information regarding the data in the chart? i.e. when it was conducted, what constitutes cost of ownership, explanations behind certain outliers etc.

That's the problem with a lot of what CR publishes in charts, they are void of the details. I read the article a couple times, kept thinking I missed something but nooooo. I've owned BMW's for quite a few years, I actually think their 10yr maint/repair cost is low

My assumptions are:
- The 10 yr period is from 2009 - 2019
- Its across the BMW model lineup
- maint/repairs include oils, filters, wiper blades, brake pads/rotors, battery and part failures but not tires, tranny/rear end/Xfer case oil, rust repair, etc.
- Going back 10 years would also mean they had to include the period of time when they gave 4 yrs free scheduled maint. which would help their 5 yr figure be so low.

[dream54ing]

a few things we considered when buying ours...some already mentioned

Purchasing:
-planning to keep it after warranty
(usually wife car, then passed down to me)
-planning to do maintenance yourself after warranty
-planning to modify the vehicle
-planning to pay off or do a large down payment

pro
-you own the car, something to show at the end
-cost of registration/tags/fee is lessens every yr.

con
-depreciation
-higher payment
-insane cost of repair/maintenance unless diy helps a little
-always driving cautiously and "babying" the car
-cost of paying for "better" products (ppf, tint, wash, cleaning, etc)

Leasing:
-planning to get a new car every 3-4 yrs

pro
-up front cost is and low monthly payment
-worry free on repairs and maintenance
-great for tax write off if you have a business
-worry free to drive aggressively

con
-its a rental, nothing to show for after lease
-mileage restriction
-condition of vehicle when returning
-cost will be more in the long run (2-3 cars later or 8+yrs)
-hassle of the process (paperwork,negotiation etc)
-cost of registration/tags/fee for a new car every 3/4 yrs
-early termination of lease can be costly

We've purchased all our cars and fortunately no issues after warranty. I've done all the maintenance myself, so doesn't cost as much.

[Tenac]

Originally Posted by dream54ing

a few things we considered when buying ours...some already mentioned

Purchasing:
-planning to keep it after warranty
(usually wife car, then passed down to me)
-planning to do maintenance yourself after warranty
-planning to modify the vehicle
-planning to pay off or do a large down payment

pro
-you own the car, something to show at the end
-cost of registration/tags/fee is lessens every yr.

con
-depreciation
-higher payment
-insane cost of repair/maintenance unless diy helps a little
-always driving cautiously and "babying" the car
-cost of paying for "better" products (ppf, tint, wash, cleaning, etc)

Leasing:
-planning to get a new car every 3-4 yrs

pro
-up front cost is and low monthly payment
-worry free on repairs and maintenance
-great for tax write off if you have a business
-worry free to drive aggressively

con
-its a rental, nothing to show for after lease
-mileage restriction
-condition of vehicle when returning
-cost will be more in the long run (2-3 cars later or 8+yrs)
-hassle of the process (paperwork,negotiation etc)
-cost of registration/tags/fee for a new car every 3/4 yrs
-early termination of lease can be costly

We've purchased all our cars and fortunately no issues after warranty. I've done all the maintenance myself, so doesn't cost as much.

Great write up here. To add we typically always have purchased, some buying out right and never putting less than 20% down. I've traded in between 4 -6 year mark (with some outliers). Most of the time the trade in covers 20-30% of the new vehicle. My loans are never past 4 year mark either. Once you do this a time or two you would be surprised how little payments are and how fast one can pay things off. For example last year we bought two at the same time. X3 and X5, the X3 is already paid off in one year, so we had a one year loan. The X5 has 3 years left. So we will keep the X3 for the 6 year warranty and the X5 will probably get replaced at the 4 or 5 year mark with very little left on the loan. Giving me the 30% or more for the next daily driver.