08-06-2015, 07:35 PM | #1 |
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Lease or buy ?
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 |
08-06-2015, 07:39 PM | #2 | |
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08-06-2015, 07:46 PM | #3 |
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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.
Last edited by AWM235i; 08-06-2015 at 08:00 PM.. |
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08-11-2015, 08:09 AM | #6 |
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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.
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08-11-2015, 08:56 AM | #7 | |
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08-13-2015, 10:20 AM | #9 | |
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--- *(not the case for 2016 2 series right now, but usually it is) |
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