[Eberhard]

After looking at the demographics on a recent post, and reading others - it seems as though most folks lease their cars. I could be off here, but those who post indicate leasing is the most common way that even the 3 Series are procured

So, could those of you that are more astute in financial matters than I explain why you would lease your BMW – or any new automomobile? By no means am I saying that leasing a new car is wrong (where do all those CPO's come from?).

Heck in my younger days the wealthy folks would buy a new Caddy or Lincoln “when the ashtray got filled” as they bragged - but they never leased their cars.

Just curious,

Eberhard

[Sedan_Clan]

Originally Posted by Eberhard

After looking at the demographics on a recent post, and reading others - it seems as though most folks lease their cars. I could be off here, but those who post indicate leasing is the most common way that even the 3 Series are procured

So, could those of you that are more astute in financial matters than I explain why you would lease your BMW – or any new automomobile? By no means am I saying that leasing a new car is wrong (where do all those CPO's come from?).

Heck in my younger days the wealthy folks would buy a new Caddy or Lincoln “when the ashtray got filled” as they bragged - but they never leased their cars.

Just curious,

Eberhard

I lease (BMW's specifically) for a few simple reasons....

• Lower out of pocket expense
• I don't drive many miles a year
• Historically, I have changed cars every few years, so I prefer to lease
• My car is always under warranty
• Open end leases give me the option to walk away
• Market risk is on the manufacturer

Leasing does not work for everybody, nor is it always the best financial decision for everybody. Sometimes leasing works in the favor of the individual, sometimes it doesn't. With BMW, and the better than average resale value, it isn't uncommon for a lease to work in favor of the individual. Alas, too many variables, an over abundance of conjecture.

Now let's hear it from the people who are pro-lease, and the inevitable viewpoints of those who are anti-lease.

[Robert]

Make it a poll!

[achien]

make it a

[Eberhard]

Originally Posted by Sedan_Clan

I lease (BMW's specifically) for a few simple reasons....

• Lower out of pocket expense
• I don't drive many miles a year
• Historically, I have changed cars every few years, so I prefer to lease
• My car is always under warranty
• Open end leases give me the option to walk away
• Market risk is on the manufacturer

Leasing does not work for everybody, nor is it always the best financial decision for everybody. Sometimes leasing works in the favor of the individual, sometimes it doesn't. With BMW, and the better than average resale value, it isn't uncommon for a lease to work in favor of the individual. Alas, too many variables, an over abundance of conjecture.

Now let's hear it from the people who are pro-lease, and the inevitable viewpoints of those who are anti-lease.

Thank you Sedan_Clan for a concise and well explained reason for leasing. I would find it difficult to argue the merits. Well put.

Sincerely,

Eberhard

[imolazhp_ci]

i only lease... again, with BMW's typically on their cars with special lease... you end up paying the same or a little bit less if you lease then purchase... with the M Coupe i just leased, if i lease it first, as i am.. and THEN purchase, i would save $4,000 over purchasing it outright.

[Eberhard]

Originally Posted by bobbo

Make it a poll!

New to the forum and unfamiliar with the process - I passed. But I agree that a poll would be of greater value.

If someone can modify my post or show me the path to create a poll - I will submit one directly.

Cheers,

Eberhard

[SteveMD]

BWM leases are very favorable for some models. The equivalent APR for example on my wife's car was 4.6%.

Don't lease until you fully understand the process and calculation. Don't shop by the payment. Rather, nail down the price of the car first and go from there.

[Grizzles]

i lease because i can. i want to switch to 24 mo. next time, i get so impatient

[imolazhp_ci]

Originally Posted by SteveMD

BWM leases are very favorable for some models. The equivalent APR for example on my wife's car was 4.6%.

Don't lease until you fully understand the process and calculation. Don't shop by the payment. Rather, nail down the price of the car first and go from there.

exactly... on my M Coupe it was 6.6% which is still better than any finance rate from a bank.

[Sedan_Clan]

Originally Posted by Eberhard

Thank you Sedan_Clan for a concise and well explained reason for leasing. I would find it difficult to argue the merits. Well put.

Sincerely,

Eberhard

Anytime!

[Zeeman]

I purchased all of my past cars. The last one was a BMW that I kept for 7 years, and only put 75,000 kms (less than 50,000 miles) and actually paid cash for.

I decided to lease my current 335 since there is a high probability that I will have to give up my car in the next three years (either personal or work circumstances). Leasing made sense in this case, as I would otherwise have to take a big hit on depreciation and sales taxes. (Where I live in Canada, we have the *pleasure* of paying anywhere from 13-16% sales tax on a new car purchase. If you lease, this tax is only paid on the lease payments)

[Year's_End]

Nein. 'Twas purchased.

[ACZakka325i]

I pay cash straight up .