[tex2670]

Originally Posted by dannyhrgl

I was looking into getting into a bmw 340
Must be four door.

I found this one.https://leasedriver.com/vehicles/2014-bmw-3-series/

Its around 450 a month but its a 320 I was wondering if I can find a 340 for around the same price?

You want to lease a 2 year old 320? For $450/mo? Sure, why not?

[JVBFTW]

Originally Posted by dannyhrgl

I was looking into getting into a bmw 340
Must be four door.

I found this one.https://leasedriver.com/vehicles/2014-bmw-3-series/

Its around 450 a month but its a 320 I was wondering if I can find a 340 for around the same price?

Thats $100-$150 a month too high for a 320i.

I can't imagine how much negative equity they have on that car...

[iki4life]

if you're driving so little id definitely consider leasing...you don't have to worry about putting the "extra" miles on the car and you can have a brand new car every few years.

[gds52]

Originally Posted by bad karma

Sounds like your average 320i buyer to me.

**shots fired**

With maximum driving of 250miles a month you may look at just renting a car when needed.
In that case you can have all kinds of cars...just saying (without knowing your location & requirements)

[x986]

Originally Posted by bad karma

Sounds like your average 320i buyer to me.

**shots fired**

First giggle of the day. Thank you, Karma, but you have been dinged one PC credit.

[pz619]

Originally Posted by gds52

With maximum driving of 250miles a month you may look at just renting a car when needed.
In that case you can have all kinds of cars...just saying (without knowing your location & requirements)

This is very true. My dad does this. While he has cars, he generally rocks the rental car when he's not out of town because it's far cheaper based on his driving habits. The weekly rates are far cheaper than a lease/car payment due to his discount/loyalty level.

[Billfitz]

Originally Posted by Dan203

So right now I own an '08 135i that I bought brand new when they were first released. (year one of the one) I work from home and live in a small town so I put maybe 3-4k miles a year on the car. It's 7-1/2 years old now and has under 28k miles.

Assuming a 5 year loan you've been driving it without making payments on it for 2 1/2 years. I only drive 4k a year, usually keep the car for three years after it's been paid for. The $$$ I don't spend on payments gets invested. Doing so is one reason why I can afford a BMW.

[Dan203]

I did a 4 year loan last time so it's been almost 4 years without a payment. In that time I've mainly spent the extra cash on crap I don't need.

I have investments too, but I contribute to those whether or not I have a car payment. The only difference will be how many other "toys" I can buy. (although my investments suck at the moment! Stupid stock market!)

[Polo08816]

Originally Posted by shadowyman

Screw leasing, I already have 10k on my 2 months old car.

+1.

18 months of ownership so far and 51,000 miles ~ 35,000 miles per year for me.

[yoandry]

Originally Posted by Polo08816

+1.

18 months of ownership so far and 51,000 miles ~ 35,000 miles per year for me.

Yeap, If we are buying an Ultimate driven machine, why don't just drive it hell out of it. I'm not going to spent that $$$ to keep it in the garage because I can't go over the leasing miles. Also modifications are restricted.

[E30toF30]

Originally Posted by Polo08816

+1.

18 months of ownership so far and 51,000 miles ~ 35,000 miles per year for me.

Wow you guys drive a ton!
Im at 10 months and 9000km!! Thats like 5600 miles! lol

[Polo08816]

Originally Posted by yoandry

Yeap, If we are buying an Ultimate driven machine, why don't just drive it hell out of it. I'm not going to spent that $$$ to keep it in the garage because I can't go over the leasing miles. Also modifications are restricted.

+1.

However, I don't do powertrain mods because it's incredibly complex to diagnose as a DIYer.

I will mod parts that are wear and tear and have reached the end of their service life (ie. suspension). If you're driving your car that much and depend on it as a daily driver, you probably don't want to get too crazy and end up as a driveway mechanic fail.

[yoandry]

Originally Posted by Polo08816

+1.

However, I don't do powertrain mods because it's incredibly complex to diagnose as a DIYer.

I will mod parts that are wear and tear and have reached the end of their service life (ie. suspension). If you're driving your car that much and depend on it as a daily driver, you probably don't want to get too crazy and end up as a driveway mechanic fail.

That why I just did the MPPK and MPE for powertrain and some other m-performance parts, but I wont mess with the suspension as is my daily drive.

[Dan203]

Originally Posted by E30toF30

Wow you guys drive a ton!
Im at 10 months and 9000km!! Thats like 5600 miles! lol

I drove like 1800 miles last year.

I work from home and I live in a small town. Unless I took constant road trips I'd never put any serious miles on it. I only put gas in it like every 4-5 weeks.

[BavarianFanatic]

Originally Posted by Dan203

I drove like 1800 miles last year.

I work from home and I live in a small town. Unless I took constant road trips I'd never put any serious miles on it. I only put gas in it like every 4-5 weeks.

If you drive THAT little, I would never buy new. You're eating the steepest depreciation the car will ever experience without reaping any benefit. Even a lease doesn't make sense if you boil it down to cost/mile. I would go find the nicest pre-owned one you can, preferably one with HIGHER than average mileage so you get the benefit of a low price point. With your ultra low usage, it'll end up GAINING in value during your ownership because you'll barely add any additional mileage. There are very nice, nearly new pre-owned cars out there. Unless money is no object and the extra depreciation penalty doesn't bother you, then go for it.

[CalCarNut]

Originally Posted by Dan203

I did a 4 year loan last time so it's been almost 4 years without a payment. In that time I've mainly spent the extra cash on crap I don't need.

I have investments too, but I contribute to those whether or not I have a car payment. The only difference will be how many other "toys" I can buy. (although my investments suck at the moment! Stupid stock market!)

Check out TrueCar buying program or similiar. It's a legit deal and saves you the hassle of negotiating if you are looking for that.

I've leased a few cars but bought my GC.

[x986]

Since you hate the 'buying-selling-trading' process, leasing is not the right thing for you because you have to do the process every 3-4 years. Have you considered CarMax? I just sold the vehicle that would have been my "trade in" to them. ZERO pressure, two hours, (that included time to call my wife to pick me up) and I walked out the door with a check in hand.

I don't mean to sound like a commercial, but it is the same thing buying. And it is my understanding that they have a very good warranty program for their cars.

[Billfitz]

Originally Posted by Dan203

I drove like 1800 miles last year.
I work from home and I live in a small town. Unless I took constant road trips I'd never put any serious miles on it. I only put gas in it like every 4-5 weeks.

For you and me leasing makes no sense. The lease end value, and therefore your monthly lease payments, are calculated based on the expected miles on the car when the lease is terminated. If you're paying for 36,000 miles and only driving 5,400 miles that's 30,600 miles that you paid for but didn't use.

[OUGrad05]

As few miles as you put on a car you should considering picking up a higher mileage 1 or 2 year old CPO with say 20k on the clock. Save thousands, you'll put so few miles on it that it'll depreciate minimally. Buy another vehicle whenever you feel like because you'll save yourself thousands in initial depreciation. Thats my 2 cents.

[jmg]

Originally Posted by OUGrad05

As few miles as you put on a car you should considering picking up a higher mileage 1 or 2 year old CPO with say 20k on the clock. Save thousands, you'll put so few miles on it that it'll depreciate minimally. Buy another vehicle whenever you feel like because you'll save yourself thousands in initial depreciation. Thats my 2 cents.

This. Let someone else pay the big depreciation on a new car. Pick up a 2013 lease return with 30-45k miles on it. Your warranty will be longer than a new car, and your price 40% cheaper.

[Musashi]

Originally Posted by Dan203

So right now I own an '08 135i that I bought brand new when they were first released. (year one of the one) I work from home and live in a small town so I put maybe 3-4k miles
The money part isn't really an issue either way unless there is a huge difference in one over the other. I'm willing to pay a little extra to save myself some time and effort if leasing actually provides that.

Agree with everything everyone else wrote- and will add something new. if your mileage is that low, indeed, rent when needed, and if money is not the issue, get yourself a second hand or lease a supercar. E.G. 911. In the case of a buy, your low mileage will virtually mean next to nothing depreciation- or very little- so you can trade it every 2-3 years if bored. Have also known people that leased 911s and it turned out a wonderful low cost experience for 4-5 years. (500$ monthly in Canada for a 40,000 kms 911 S). You cannot beat that.

Does not have to be a Porsche but anything that you may fancy- as your low mileage is your best friend.

A 3d alternative is rent when needed, and go rent a Supercar at a track. Sometimes you can do a track day for a few hundred $. So instead of a monthly payment for some sort of lease, money spent actually pushing a supercar.