Buying new vs CPO on lease?

SunnydaysATX · 06-05-2019, 12:43 PM

I am looking to purchase a semi-loaded x5 40i fairly soon. I have 0 credit history as I have recently moved from the UK, but will qualify for the executive credit program. There is a possibility I will be in the USA for only 18 months

My question is... Should I lease or Loan...

and will I get a better deal on a CPO then a brand new. I am happy with the 2019 spec which may work in my benefit since the MY2020 will be out soon.

TurtleBoy · 06-05-2019, 12:54 PM

If there is a good chance that you will only need it for 18 months then leasing will probably not be a feasible idea unless you can get someone to take over the lease. If you terminate early then you will get swamped in charges and fees. You may be able to do a short-term lease with a private leasing company or even a rental company.

If you are buying then I would think that a CPO vehicle will be much less although since it is a fairly new model you may have a difficult time finding many.

Good luck on your quest and let us know how it turns out.

TK421BMW · 06-05-2019, 01:06 PM

I'd be cautious about a car that's a CPO already since these have only been out for about 6 months.

SunnydaysATX · 06-05-2019, 01:09 PM

Quote:

Originally Posted by TK421BMW

I'd be cautious about a car that's a CPO already since these have only been out for about 6 months.

What should I be worried about? There are a few (3-4) in the areas im looking. They seem like demos

TK421BMW · 06-05-2019, 01:12 PM

Oh, I didn't think about dealer demo's. I was thinking someone hated it so much or it had so many problems it was traded in already.

TXSchnee · 06-05-2019, 01:17 PM

Quote:

Originally Posted by SunnydaysATX

I am looking to purchase a semi-loaded x5 40i fairly soon. I have 0 credit history as I have recently moved from the UK, but will qualify for the executive credit program. There is a possibility I will be in the USA for only 18 months

My question is... Should I lease or Loan...

and will I get a better deal on a CPO then a brand new. I am happy with the 2019 spec which may work in my benefit since the MY2020 will be out soon.

I am assuming by your user name that you are in Austin, TX? I would suggest either buying out right, or third party lease. Apple Leasing does have a BMW program, never leased from them, but neighbors have and were happy. They may be able to do a shorter lease term if you decide to lease. (Note, I do not, nor have I ever worked for Apple Leasing, nor do I know anyone that does, not trying to push you there to benefit personally in any way)

Marty in NY · 06-05-2019, 03:13 PM

Quote:

Originally Posted by SunnydaysATX

I am looking to purchase a semi-loaded x5 40i fairly soon. I have 0 credit history as I have recently moved from the UK, but will qualify for the executive credit program. There is a possibility I will be in the USA for only 18 months

My question is... Should I lease or Loan...

and will I get a better deal on a CPO then a brand new. I am happy with the 2019 spec which may work in my benefit since the MY2020 will be out soon.

BMW dealerships order new BMW's and put them in their Service fleet for customer loaners while their cars are in the shop. The dealer takes a depreciation on a monthly basis whether the car is on loan every day of the month or only a week out of the month. They normally hold on to a service loaner for 4 -6 months before advertising it on their site.

You won't have the best selection of colors, interior, features/options but I think in your case you may not care. They normally have between 5k - 9K miles on them when it comes time to sell it. They normally reduce the price around $500-600 for each month it spends as a service loaner. Couple that savings with your negotiated price for a nice discount on a low mileage X5.

SunnydaysATX · 06-05-2019, 03:52 PM

Quote:

Originally Posted by TXSchnee

Quote:

Originally Posted by SunnydaysATX

I am looking to purchase a semi-loaded x5 40i fairly soon. I have 0 credit history as I have recently moved from the UK, but will qualify for the executive credit program. There is a possibility I will be in the USA for only 18 months

My question is... Should I lease or Loan...

and will I get a better deal on a CPO then a brand new. I am happy with the 2019 spec which may work in my benefit since the MY2020 will be out soon.

I am assuming by your user name that you are in Austin, TX? I would suggest either buying out right, or third party lease. Apple Leasing does have a BMW program, never leased from them, but neighbors have and were happy. They may be able to do a shorter lease term if you decide to lease. (Note, I do not, nor have I ever worked for Apple Leasing, nor do I know anyone that does, not trying to push you there to benefit personally in any way)

Yes Austin Texas but I spend a lot of time in New Jersey too

06-05-2019, 12:43 PM	#1
SunnydaysATX Private 13 Rep 63 Posts Drives: 330d, 750i Join Date: Mar 2014 Location: USA iTrader: (0)	Buying new vs CPO on lease? I am looking to purchase a semi-loaded x5 40i fairly soon. I have 0 credit history as I have recently moved from the UK, but will qualify for the executive credit program. There is a possibility I will be in the USA for only 18 months My question is... Should I lease or Loan... and will I get a better deal on a CPO then a brand new. I am happy with the 2019 spec which may work in my benefit since the MY2020 will be out soon.
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06-05-2019, 12:54 PM	#2
TurtleBoy General 13275 Rep 19,802 Posts Drives: 2019 X5 40i,2021 M340i Join Date: Jan 2019 Location: Colorado iTrader: (0)	If there is a good chance that you will only need it for 18 months then leasing will probably not be a feasible idea unless you can get someone to take over the lease. If you terminate early then you will get swamped in charges and fees. You may be able to do a short-term lease with a private leasing company or even a rental company. If you are buying then I would think that a CPO vehicle will be much less although since it is a fairly new model you may have a difficult time finding many. Good luck on your quest and let us know how it turns out.
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06-05-2019, 01:06 PM	#3
TK421BMW First Lieutenant 114 Rep 325 Posts Drives: BMW 328, X5, Z4 Join Date: Jul 2018 Location: Minnesota iTrader: (0)	I'd be cautious about a car that's a CPO already since these have only been out for about 6 months. __________________ ____________________ Current: 2019 g05 X5 xDrive40i 2020 f30 440 xDrive Convertible 2004 e85 Z4 3.0
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06-05-2019, 01:12 PM	#5
TK421BMW First Lieutenant 114 Rep 325 Posts Drives: BMW 328, X5, Z4 Join Date: Jul 2018 Location: Minnesota iTrader: (0)	Oh, I didn't think about dealer demo's. I was thinking someone hated it so much or it had so many problems it was traded in already. __________________ ____________________ Current: 2019 g05 X5 xDrive40i 2020 f30 440 xDrive Convertible 2004 e85 Z4 3.0
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