330 Lease vs buy
- Thread starter uber_3er
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Yikes William 330....is that 8,000.00 in lease charges alone for 36 months?
I hope it was a very nice car...911 or something.
My lease expense (lease cost) is about $100.00 per month. This saves about 800.00 in finance charges for the first year alone over a very good finance deal.
The other 385.00 I pay goes to depreciation, something we all face.![[:(]](/images/smilies/frown.png "Frown [:(]")
I hope it was a very nice car...911 or something.
My lease expense (lease cost) is about $100.00 per month. This saves about 800.00 in finance charges for the first year alone over a very good finance deal.
The other 385.00 I pay goes to depreciation, something we all face.
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i don't know how you can compare a 330i zhp to a rsx. if they were in a same class, your argument might hold water, like choosing a g35 over a 330i, but the lease prices are similar so, so much for that argument.
but i agree not having anything to show after dropping 21k in 3 years sucks.. altho it does sound like a good deal![[:p]](/images/smilies/tongue.png "Stick Out Tongue [:p]")
wth [???1]
but i agree not having anything to show after dropping 21k in 3 years sucks.. altho it does sound like a good deal
wth [???1]![[:D]](/images/smilies/biggrin.png "Big Grin [:D]")
so you like the RSX...
No offense William, but you own a nearly new BMW!. Is all this RSX praise some surreptitious marketing ploy by Acura??!!![[hihi]](/images/smilies/icon_smile_hihi.gif "Hi Hi [hihi]")
The RSX's affordability and value is not in question, but the point is- Acura is not even in the same league as BMW.
One final point to consider for anyone with a home office like me, is that lease payments make for a more favorable tax deduction![[thumb]](/images/smilies/icon_smile_thumb.gif "Thumbs Up [thumb]")
No offense William, but you own a nearly new BMW!. Is all this RSX praise some surreptitious marketing ploy by Acura??!!
The RSX's affordability and value is not in question, but the point is- Acura is not even in the same league as BMW.
One final point to consider for anyone with a home office like me, is that lease payments make for a more favorable tax deduction
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![[paranoid]](/images/smilies/icon_smile_paranoid.gif "Paranoid [paranoid]"){kind=icon}
[fake]BUY, BUY, BUY, BUY.
You are all missing one of the big disadvantages of a lease, 12,000 miles. What are you planning on doing, sitting in the garage and looking at it because you don't want to put miles on the car! If you want to drive the thing and enjoy it with worrying how many miles you have done this week you are better off buying it. You can also keep it over 36-48K miles then.
You are all missing one of the big disadvantages of a lease, 12,000 miles. What are you planning on doing, sitting in the garage and looking at it because you don't want to put miles on the car! If you want to drive the thing and enjoy it with worrying how many miles you have done this week you are better off buying it. You can also keep it over 36-48K miles then.
Okay...but what pay more than 2,000.00 in additional finance charges for the first three years? That is about how much more financing will cost you over a good lease deal.
You could always use the extra cash to pay for extra miles should you need them.
Miles either way decrease the value of your car. If you buy and put 50,000 miles on in three years forget about getting book for your car. In this case if you decide to trade or sell, you are still going to pay for the mileage.
You could always use the extra cash to pay for extra miles should you need them.
Miles either way decrease the value of your car. If you buy and put 50,000 miles on in three years forget about getting book for your car. In this case if you decide to trade or sell, you are still going to pay for the mileage.
Agreed...I'm at 105,400 miles now...it's seen Death Valley, Vegas, Vail, Key West, NYC (and the pot holes). All those miles and I didn't worry once about whether I should be concerned about a lease hit. The 3 series deserves to be driven!
Hell, mines been paid off since 2000...and now it's all just gravy. Knock on wood...I haven't had any problems...but I think my VANOS is shot....gotta take that in. I also have a bushing that's Bangled (I call anything that's gone wrong or broke...Chris Bangled
). I just don't get leasing...a BMW is engineered to go to 250,000 miles easy.
And I hope to be the first E46er to hit it. Anyone out there in competition?
Hell, mines been paid off since 2000...and now it's all just gravy. Knock on wood...I haven't had any problems...but I think my VANOS is shot....gotta take that in. I also have a bushing that's Bangled (I call anything that's gone wrong or broke...Chris Bangled
). I just don't get leasing...a BMW is engineered to go to 250,000 miles easy.And I hope to be the first E46er to hit it. Anyone out there in competition?
life's to short...
...to drive one car for too long.
In an ideal word, driving a quality car for many years, building a relationship with it and giving it a pet name is what I would do myself. I would include it in family photos, and feel sad when I couldn't drive it for a while. Hell I did it with my civic and My A4- drove that puppy across from LA to Toronto and back.
But alas, I am now afflicted with a disease- I have ADDD. (Automobile Driving Deficit Disorder) ... I get ancy after a few years of owning a car and start test driving cars for no good reason. Then, out of the blue I get the idea in my head that I must have it. The process is just unstoppable after that- finance is arranged, payments are worked out and the new car smell is mine once again.
My girlfriend believes the cure for me is "Rx- marriage". A non-drowsy formula that prevents feelings of personal worth and guilt-free purchases. (Side-effects include losing my friends to hers and having to endure the mother-in-law's cooking).
But!! Doctors say (and I agree), I'm not mature enough for this potent Rx, so in the meantime, I better just live life to the fullest, and not be ashamed of my affliction.
Leasing helps me with my disease. So please, don't make fun of me for something I can't control. Thank you.![[burnout]](/images/smilies/icon_smile_burnout.gif "Burnout [burnout]")
...to drive one car for too long.
In an ideal word, driving a quality car for many years, building a relationship with it and giving it a pet name is what I would do myself. I would include it in family photos, and feel sad when I couldn't drive it for a while. Hell I did it with my civic and My A4- drove that puppy across from LA to Toronto and back.
But alas, I am now afflicted with a disease- I have ADDD. (Automobile Driving Deficit Disorder) ... I get ancy after a few years of owning a car and start test driving cars for no good reason. Then, out of the blue I get the idea in my head that I must have it. The process is just unstoppable after that- finance is arranged, payments are worked out and the new car smell is mine once again.
My girlfriend believes the cure for me is "Rx- marriage". A non-drowsy formula that prevents feelings of personal worth and guilt-free purchases. (Side-effects include losing my friends to hers and having to endure the mother-in-law's cooking).
But!! Doctors say (and I agree), I'm not mature enough for this potent Rx, so in the meantime, I better just live life to the fullest, and not be ashamed of my affliction.
Leasing helps me with my disease. So please, don't make fun of me for something I can't control. Thank you.
Re: life's to short...
That was the biggest crap I've ever heard. So glad I'm not your girlfriend!
uber_3er said:
...to drive one car for too long.
In an ideal word, driving a quality car for many years, building a relationship with it and giving it a pet name is what I would do myself. I would include it in family photos, and feel sad when I couldn't drive it for a while. Hell I did it with my civic and My A4- drove that puppy across from LA to Toronto and back.
But alas, I am now afflicted with a disease- I have ADDD. (Automobile Driving Deficit Disorder) ... I get ancy after a few years of owning a car and start test driving cars for no good reason. Then, out of the blue I get the idea in my head that I must have it. The process is just unstoppable after that- finance is arranged, payments are worked out and the new car smell is mine once again.
My girlfriend believes the cure for me is "Rx- marriage". A non-drowsy formula that prevents feelings of personal worth and guilt-free purchases. (Side-effects include losing my friends to hers and having to endure the mother-in-law's cooking).
But!! Doctors say (and I agree), I'm not mature enough for this potent Rx, so in the meantime, I better just live life to the fullest, and not be ashamed of my affliction.
Leasing helps me with my disease. So please, don't make fun of me for something I can't control. Thank you.
In an ideal word, driving a quality car for many years, building a relationship with it and giving it a pet name is what I would do myself. I would include it in family photos, and feel sad when I couldn't drive it for a while. Hell I did it with my civic and My A4- drove that puppy across from LA to Toronto and back.
But alas, I am now afflicted with a disease- I have ADDD. (Automobile Driving Deficit Disorder) ... I get ancy after a few years of owning a car and start test driving cars for no good reason. Then, out of the blue I get the idea in my head that I must have it. The process is just unstoppable after that- finance is arranged, payments are worked out and the new car smell is mine once again.
My girlfriend believes the cure for me is "Rx- marriage". A non-drowsy formula that prevents feelings of personal worth and guilt-free purchases. (Side-effects include losing my friends to hers and having to endure the mother-in-law's cooking).
But!! Doctors say (and I agree), I'm not mature enough for this potent Rx, so in the meantime, I better just live life to the fullest, and not be ashamed of my affliction.
Leasing helps me with my disease. So please, don't make fun of me for something I can't control. Thank you.
Re: so you like the RSX...
Heh, it was my second choice while car shopping. You should test drive one and see what you think. It's a nice, inexpensive, coupe (there aren't many of those on the market).
Bryan330i: The $8,000 was what the entire three-year lease cost, not the extra fees. (Everything from start to finish.) To rack up $8K in fees, I would probably have to play demolition derby!
uber_3er said:
No offense William, but you own a nearly new BMW!. Is all this RSX praise some surreptitious marketing ploy by Acura??!!
The RSX's affordability and value is not in question, but the point is- Acura is not even in the same league as BMW.
The RSX's affordability and value is not in question, but the point is- Acura is not even in the same league as BMW.
Bryan330i: The $8,000 was what the entire three-year lease cost, not the extra fees. (Everything from start to finish.) To rack up $8K in fees, I would probably have to play demolition derby!
Hey, uber_3er, what is the final price for your 330CI ZHP? I'm just about to do the same thing, '04 White 330CI ZHP and lease it.
The other thing that really affects leasing is what state you live in. Here in IL they tax you on the entire amount of the car, lease or not. I'm looking into registering the car in Wisconsin, I own some property up there. Because most states like WI tax on the lease payment not the entire value of the car it would drop another 40 or so dollars off the payment each month.
The other thing that really affects leasing is what state you live in. Here in IL they tax you on the entire amount of the car, lease or not. I'm looking into registering the car in Wisconsin, I own some property up there. Because most states like WI tax on the lease payment not the entire value of the car it would drop another 40 or so dollars off the payment each month.
Yeah, but when you make the lease, you can choose your mileage. You can choose 10K miles per year, 12K, 15K, 18K, etc. Default is 12K miles per year (as it is the US average) and the lease price goes up if you want to increase your mileage allowed. This makes perfect sense because mileage has a lot to do with the value of your car. Let's say you lease a car for 12K miles per year and you go over the limit after the 3 year lease...you have 39,000 miles instead of 36,000. Now it's 10-20 cents per additional mile (depending on the car company and the lease plan), so let's say it's $0.15 for every additional mile...you have to write a check $450 when you turn the car in. But if you own that car for 3 years and drive 39K miles instead of 36K miles, its value goes down anyways because there are more miles on the car !!
My car is leased and I am on a 12K miles per year plan and I barely worry about my mileage...I have had it for just over 6 months and I have 5,600 miles on it so far (I am like 500 miles under my limit already). Leasing is good for some people and not good for others. For those of us who lease, it is more worth it for us. If it wasn't worth it at all, then leasing wouldn't exist...end of story.
My car is leased and I am on a 12K miles per year plan and I barely worry about my mileage...I have had it for just over 6 months and I have 5,600 miles on it so far (I am like 500 miles under my limit already). Leasing is good for some people and not good for others. For those of us who lease, it is more worth it for us. If it wasn't worth it at all, then leasing wouldn't exist...end of story.
My final price is $39,690+taxes. MSRP is $44,470. The huge discount is on account of my picking it up in Europe and getting a deal that was $1500 over "Euro Delivery Invoice" (which is lower than the US delivery invoice).
Being the ultimate cheapskate, this was the only way to do it for me. I was going to a wedding in England in April anyway, this way I will just add a one way flight to Munich on easyjet.com or something and drive it back to England (what a bonus!!!), drive around for my vacation and drop it off at the dropoff point near Heathrow Airport before I leave.
... read up on my other note 'a euro delivery story' for more info.
Being the ultimate cheapskate, this was the only way to do it for me. I was going to a wedding in England in April anyway, this way I will just add a one way flight to Munich on easyjet.com or something and drive it back to England (what a bonus!!!), drive around for my vacation and drop it off at the dropoff point near Heathrow Airport before I leave.
... read up on my other note 'a euro delivery story' for more info.
oh yea one more + for the buy column, it's amazing how easy it is to rack up the mileage on the bimmer. i'm not the biggest fan of driving, but with my 3er, i'd come up with excuses to drive.. sure maybe its due to the fact that it's a new car, but it's the best car i've driven to date, bar none!
and btw, if yer getting euro del, i'd def say purchase. you'll see maybe half of the $4k you save w/ teh euro delivery reflected w/ the lease, and at the end, if you decide to purchase, you'll lose that discount as you pay the residual based on sticker, not the lowered nego price.
and another no no for you is the fact that you are taking an euro delivery, chances are you'll rack up more miles before you even bring it back home than you would druing that period. so you'll start off behind in milage counter already.
and btw, if yer getting euro del, i'd def say purchase. you'll see maybe half of the $4k you save w/ teh euro delivery reflected w/ the lease, and at the end, if you decide to purchase, you'll lose that discount as you pay the residual based on sticker, not the lowered nego price.
and another no no for you is the fact that you are taking an euro delivery, chances are you'll rack up more miles before you even bring it back home than you would druing that period. so you'll start off behind in milage counter already.
To me, I think that leasing would give you more room of consideration after few years of owning your car. Due to the good lease deals running around right now, it is definitely a good option if you don't want to throw big chuck of your saving out for a car... unless you have much more around to spare.
Another, I personally like the idea of selling the lease car out by myself instead returning to the dealer. Most of the time, you can make $2k to $3K more than the residual car value of the leasing aggreement.
Just my comments..
Another, I personally like the idea of selling the lease car out by myself instead returning to the dealer. Most of the time, you can make $2k to $3K more than the residual car value of the leasing aggreement.
Just my comments..
I haven't read all of the replies, but to answer your question, i think it depends. IEven if you want to buy the car i mean keep it, you can lease it and pay less, at the end of the lease you just buy the car! This way you don't have to worry about milages, because you know you are going to buy it!
at the end of the lease you probably have paid 60% of the price, so you can finance the 40% left and your monthly payments are going to be lower!
So it is up to you.
Vk
at the end of the lease you probably have paid 60% of the price, so you can finance the 40% left and your monthly payments are going to be lower!
So it is up to you.
Vk