[an4691]

I've been offered a pretty remarkable deal by a dealer.

Due to some customer service issues, they offered me a deal that effectively gets me about 11% off the MSRP of the M235i i want. Now I'm wondering if it would be better to buy instead of lease because if i lease then I'm only getting part of that discount. Am i doing my math right ? Would leasing be better in any scenario?

Thanks a bunch in advance

[Sportstick]

Originally Posted by an4691

I've been offered a pretty remarkable deal by a dealer.

Due to some customer service issues, they offered me a deal that effectively gets me about 11% off the MSRP of the M235i i want. Now I'm wondering if it would be better to buy instead of lease because if i lease then I'm only getting part of that discount. Am i doing my math right ? Would leasing be better in any scenario?

Thanks a bunch in advance

Leasing may be advantageous if you plan to keep the car a relatively short period...up to 2-3 years. If you're in for a longer run, buying is the more cost-effective approach. I bought mine, along with the 7 year extended warranty.

[AWM235i]

There are a lot of variables for lease vs buy as I'm sure you already know. Find out what the residual amount of the car will be at end of lease term and finance term first. Are you the type of person who trades in your car before your finance term is up or are you usually content for the 3 years which would and should be your lease term generally. A lease has the benefit of more peace of mind with depreciation of the car and also if car is totaled and you owe more than what its worth. I personally do select financing with money down and pay more per month and trade in cars early. This has worked good for me, but that big discount they are offering would have me thinking about traditional financing and id just keep mileage down and keep it up in good condition for future value.

[Transfer]

If you're talking 2016s, then purchase it. The lease residuals for 2016s are garbage now.

[an4691]

Thanks for the help. I'm heading out to the dealership today evening, here's hoping i get the order placed today.

[Cyberdemon]

The lease/buy decision should not be based on an additional ~4% discount. (Which depending on your MSRP is anywhere from ~$1500-2400.)

A good discount normally is about 7%.

Financially you should decide how long you plan to keep the car for, what your income can afford, and what flexibility you want if you need to sell the car before the end of the lease.

Ultimately no one on a forum can answer that for you. I personally lease because I know in another year and a half I'll be lusting over the M2 or some other new car and frankly BMW's are not known for their affordable long term reliability, especially on a car loaded with the tech gadgets.

[an4691]

Originally Posted by Cyberdemon

The lease/buy decision should not be based on an additional ~4% discount. (Which depending on your MSRP is anywhere from ~$1500-2400.)

A good discount normally is about 7%.

Financially you should decide how long you plan to keep the car for, what your income can afford, and what flexibility you want if you need to sell the car before the end of the lease.

Ultimately no one on a forum can answer that for you. I personally lease because I know in another year and a half I'll be lusting over the M2 or some other new car and frankly BMW's are not known for their affordable long term reliability, especially on a car loaded with the tech gadgets.

Hi cyberdemon, you have summed it up really well. Leasing definitely makes more sense for me at the moment. Thanks a lot!

[Alpine Racer]

Originally Posted by Transfer

If you're talking 2016s, then purchase it. The lease residuals for 2016s are garbage now.

Agreed. Nice job BMWFS

[BoomWasabi]

Originally Posted by Sportstick

If you're in for a longer run, buying is the more cost-effective approach. I bought mine, along with the 7 year extended warranty.

This is true for most cases, but the way BMW FS promotes leases with their elevated residual rates*, leasing two new cars for 3-3.5 years each could cost you about the same as owning one similar car for 6-7 years.


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*(not the case for 2016 2 series right now, but usually it is)