[isosunrise]

Hi all,

Thinking of getting into a newer f30 I currently have a 15 model fully loaded almost all options. I'm looking at a 2018 with the shadow sport line which just changes headlights and tails. I'm leasing the car for 36 months, 12k a year, no wheel and tire.

MSRP is $42,250.. assuming selling price big suggested msrp is $50,380.

$540 due at drive off no msd or other money out of pocket.

$4000 due at drive off payments $430 a month

$3500 due at drive off payments 448.47

$3220 due @ $457

$2000 due @ 495

If I wanted the same car with red leather versus leatherette it's an additional $15 per month on any of the above deals. Car is mineral gray.

I'm currently paying $457 and paid $4000 at the drive off back in September 2015. Any input is appreciated. Car is in NJ I am in rockland county NY.

[Sea-Tac]

Keep the 15 a while longer. Price on the 18 will probably drop after the 19's fill showrooms. Should start to see inventory build in about 30 days.

[isosunrise]

Originally Posted by Sea-Tac

Keep the 15 a while longer. Price on the 18 will probably drop after the 19's fill showrooms

Originally Posted by Sea-Tac

Keep the 15 a while longer. Price on the 18 will probably drop after the 19's fill showrooms

I thought that 19s won't be out until spring?

[Sea-Tac]

My dealer says they will be in the showroom early Oct. Check with your dealer to be sure...good luck. I hope you get a good deal on the lease.

[oonowindoo]

Originally Posted by isosunrise

Hi all,

Thinking of getting into a newer f30 I currently have a 15 model fully loaded almost all options. I'm looking at a 2018 with the shadow sport line which just changes headlights and tails. I'm leasing the car for 36 months, 12k a year, no wheel and tire.

MSRP is $42,250.. assuming selling price big suggested msrp is $50,380.

$540 due at drive off no msd or other money out of pocket.

$4000 due at drive off payments $430 a month

$3500 due at drive off payments 448.47

$3220 due @ $457

$2000 due @ 495

If I wanted the same car with red leather versus leatherette it's an additional $15 per month on any of the above deals. Car is mineral gray.

I'm currently paying $457 and paid $4000 at the drive off back in September 2015. Any input is appreciated. Car is in NJ I am in rockland county NY.

You can do much much better.
i just got my 340,MSRP $58,XXX for 30 bucks more a month (with tax included) than yours with the same $2,000 drive off.

12k miles/year too

i would not suggest to put anything more than $2k as drive off...

[jd_perspective]

my 10K/mi yr $0 signing, $56K MSRP is $550/mo including 6.5% sales tax
however, residual & money factors are worse now. I was trying to get same deal for my cousin and they couldn't touch it. However I think you can do better.

[upsidedownfunnel]

Originally Posted by oonowindoo

You can do much much better.
i just got my 340,MSRP $58,XXX for 30 bucks more a month (with tax included) than yours with the same $2,000 drive off.

12k miles/year too

i would not suggest to put anything more than $2k as drive off...

If you got that on a brand new <100 mile car, then that is a spectacular deal and not one that the OP should wait for because it might never come.

If you didn't buy a loaner car or something then you should know that that is a strangely good deal. We all get deals like that once in a while, but you can't count on it every single time you lease a car.

[Savageenterprise]

Originally Posted by oonowindoo

You can do much much better.
i just got my 340,MSRP $58,XXX for 30 bucks more a month (with tax included) than yours with the same $2,000 drive off.

12k miles/year too

i would not suggest to put anything more than $2k as drive off...

This exactly. I got my 340i xdrive 56k MSRP $500 per month drive off $2500 out of pocket everything included. 12k/36

EDIT: And this is a factory build, not even something that was sitting on the lot.

[DUBitDOWN]

Originally Posted by Savageenterprise

This exactly. I got my 340i xdrive 56k MSRP $500 per month drive off $2500 out of pocket everything included. 12k/36

EDIT: And this is a factory build, not even something that was sitting on the lot.

That's phenomenal. I'm gonna look into something like this next month. Great deal!

[sspade]

Call me crazy but... ~ $20k to RENT a car for 3 years is ludicrous. Cant really see why anyone would do that unless money is truly no object.

Another way put:

After three years you will not own anything or have a car to drive and have spent $20k. Im cringing just thinking about it.

[Rox335i]

Originally Posted by sspade

Call me crazy but... ~ $20k to RENT a car for 3 years is ludicrous. Cant really see why anyone would do that unless money is truly no object.

Another way put:

After three years you will not own anything or have a car to drive and have spent $20k. Im cringing just thinking about it.

IMO, I wouldn't mind leasing a car that is $600/month. But I wouldn't lease a car that is atleast $1200/month.
And, I wouldn't lease the same car again. Especially the same gen.

[oonowindoo]

Originally Posted by upsidedownfunnel

If you got that on a brand new <100 mile car, then that is a spectacular deal and not one that the OP should wait for because it might never come.

If you didn't buy a loaner car or something then you should know that that is a strangely good deal. We all get deals like that once in a while, but you can't count on it every single time you lease a car.

6 miles, ordered car.
Well i did attend an BMW event that gave me an extra 1000... so that is worth $20 a month...

Not saying the OP would get the same deal.. but he can use it as a reference point to see that he can do better.

[oonowindoo]

Originally Posted by sspade

Call me crazy but... ~ $20k to RENT a car for 3 years is ludicrous. Cant really see why anyone would do that unless money is truly no object.

Another way put:

After three years you will not own anything or have a car to drive and have spent $20k. Im cringing just thinking about it.

You would cringe more if you realize how much you lost in depreciation in 3 years if you bought the $60k BMW.
Or how much the maintenance and repair bills after the warranty is up.

If someone were to tell you that your house will be losing 40-45% of the value in 3 years, would you still buy it or rent it?

Leasing is not for everyone, but it definitely works for a lot of people.
Buying a car is almost never a good investment as it depreciates, unlike real estate. Buying a German luxury brand with questionable resale value is even worse. So if being financially logical is what you are going for, then buying a Toyota Tacoma or a 3 years old Camry would be the best decision.

For rest of us who enjoys the newest and latest technology, who have new car itch every 2-3 years, Leasing make perfect sense since you would lose wayyyyy more $$ if you bought or finance the car. You will owe more than what you own in the thousands and sometimes ten of thousands.(Upside downs) if you were to switch cars every 3 years.

[tuco44]

Originally Posted by oonowindoo

You would cringe more if you realize how much you lost in depreciation in 3 years if you bought the $60k BMW.
Or how much the maintenance and repair bills after the warranty is up.

If someone were to tell you that your house will be losing 40-45% of the value in 3 years, would you still buy it or rent it?

Leasing is not for everyone, but it definitely works for a lot of people.

Agree, depreciation happens regardless of leasing or buying. Plus, buyers pay all the provincial sales taxes up front, whereas leasers pay monthly (here, and I think other places as well). The truth is buying or leasing high priced vehicles is an expensive exercise, a fact of life. For some it is worth the cost, for others not so much.

[upsidedownfunnel]

Originally Posted by tuco44

Agree, depreciation happens regardless of leasing or buying. Plus, buyers pay all the provincial sales taxes up front, whereas leasers pay monthly (here, and I think other places as well). The truth is buying or leasing high priced vehicles is an expensive exercise, a fact of life. For some it is worth the cost, for others not so much.

IMO, it has nothing to do with leasing or buying. It has everything to do with how long you keep the car. If you only keep the car 3 years, then it's far better to lease, no question. But the question is, isn't it cheaper to buy a car and keep it for 6-7 years? Of course it is. (Even with maintenance costs factored in guys. Don't try to fool yourselves). But it's also cheaper never to go out to a restaurant or fly to Europe or Hawaii for vacation.

We're all adults. You don't judge another adult on how they spend their hard-earned money.

[oonowindoo]

Originally Posted by Rox335i

IMO, I wouldn't mind leasing a car that is $600/month. But I wouldn't lease a car that is atleast $1200/month.
And, I wouldn't lease the same car again. Especially the same gen.

I think that is all relative. What if your salary triples?

then $1200 a month lease is not that big of a deal anymore.

[Savageenterprise]

Originally Posted by sspade

Call me crazy but... ~ $20k to RENT a car for 3 years is ludicrous. Cant really see why anyone would do that unless money is truly no object.

Another way put:

After three years you will not own anything or have a car to drive and have spent $20k. Im cringing just thinking about it.

I own a business so car, insurance,maintenance is a write off. I look at it like I’m saving roughly 35% based on income tax, as, etc.

Plus you should never purchase a depreciating asset, with an extra emphasis on a new car. It’s insane to buy new unless you plan to drive the car for 10 plus years or money is no object. If I get a used car a few years old at least you avoid mass deprecation curve but now you’re stuck paying for the maintenance and repairs if shit goes wrong. So that money you think you’re saving, you’re likely spending elsewhere. This is my first least but it’s a car that I’ve had my eye on for a very long time and I’m in a position where I can afford it.

Plus, i enjoy having a nice car, with washing it and just going for a drive. Bottom line, it makes me happy. Can’t put a price on that

[sspade]

Leasing or Buying new are both terrible financial decisions. Period.

[isosunrise]

Originally Posted by oonowindoo

6 miles, ordered car.
Well i did attend an BMW event that gave me an extra 1000... so that is worth $20 a month...

Not saying the OP would get the same deal.. but he can use it as a reference point to see that he can do better.

This is interesting. I mean the shadow sport is nice but wouldn't call it something rare. This dealer is the only only within 75 miles that has 1. Not sure if I'm paying a premium for that but I doubt it. I was looking for high 400's no money down or very little down.

[oonowindoo]

Originally Posted by upsidedownfunnel

IMO, it has nothing to do with leasing or buying. It has everything to do with how long you keep the car. If you only keep the car 3 years, then it's far better to lease, no question. But the question is, isn't it cheaper to buy a car and keep it for 6-7 years? Of course it is. (Even with maintenance costs factored in guys. Don't try to fool yourselves). But it's also cheaper never to go out to a restaurant or fly to Europe or Hawaii for vacation.

We're all adults. You don't judge another adult on how they spend their hard-earned money.

I have done some math on this subject before for someone who was deciding to lease or buy.

There are many variables but i remember for most of people, it would take 6-7 years just to break even with leasing. Anything more than 7 years would be a gain for the buyers.

I dont know about you, but i i dont wanna drive a 7 years old BMW as my only car.

In a simple format:

Leasing: 6 years (2 cars) at $550 a month, with a total $4000 drive off = 43600
Buying: Assuming the same car with $10,000 down, a monthly payment of $850 a month with interest with a total payment in 5 years of $60k plus.

You saving 1 year of car payment when compare to leasing (550x12 = $6600)

So after 6 years if you compare apple to apple, leasing costs $43600 and buying would cost you $53400.

Now of course, you own something after 6 years, that is gotta count for something right? How much do you think you can sell your 6 years old 3 series with 80,000 miles? subtract all the maintenance and repairs, you are not too much better off than leasing.

Again, this is just based on #s alone, there are many many variables that would affect this one way or the other.

But it does show that leasing is not as bad as some people think... unless you are planning to keep the car until the wheels fall off... well then good for you.

Or if you drive 30k a year, then dont lease or buy a BMW.
Go buy a used Civic or Prius or something...

[oonowindoo]

Originally Posted by isosunrise

This is interesting. I mean the shadow sport is nice but wouldn't call it something rare. This dealer is the only only within 75 miles that has 1. Not sure if I'm paying a premium for that but I doubt it. I was looking for high 400's no money down or very little down.

If that is the car you really like, then go for it... just try to get it for a little cheaper. $20-30 a month wont make you richer or poorer.

[Fuller]

Originally Posted by oonowindoo

I have done some math on this subject before for someone who was deciding to lease or buy.

There are many variables but i remember for most of people, it would take 6-7 years just to break even with leasing. Anything more than 7 years would be a gain for the buyers.

I dont know about you, but i i dont wanna drive a 7 years old BMW as my only car.

In a simple format:

Leasing: 6 years (2 cars) at $550 a month, with a total $4000 drive off = 43600
Buying: Assuming the same car with $10,000 down, a monthly payment of $850 a month with interest with a total payment in 5 years of $60k plus.

You saving 1 year of car payment when compare to leasing (550x12 = $6600)

So after 6 years if you compare apple to apple, leasing costs $43600 and buying would cost you $53400.

Now of course, you own something after 6 years, that is gotta count for something right? How much do you think you can sell your 6 years old 3 series with 80,000 miles? subtract all the maintenance and repairs, you are not too much better off than leasing.

Again, this is just based on #s alone, there are many many variables that would affect this one way or the other.

But it does show that leasing is not as bad as some people think... unless you are planning to keep the car until the wheels fall off... well then good for you.

Or if you drive 30k a year, then dont lease or buy a BMW.
Go buy a used Civic or Prius or something...

Why are you condemning those who drive 30k miles to a civic or Prius? That seems pretty harsh, and downright hateful to stick them in a Prius.
...If the civic is an si or type r, then it's ok.