Given the crazy high lease rates

[InOttawa]

Can someone recommend another car instead of 135? Your help would be much appreciated.

[Road Runner]

C30, GTI, Altima Coupe, G37, A3, Audi TT, 328...

[looking]

^^^

Good list...I'd add the STi and Evo to that, just in case you wanted something more for the track...

[stefan]

Well at the price you'd be paying for the 135i without the insane lease rates, you might want to check out 335i.

VW GTI is relatively cheap, and I just priced out an STI, and they have 5.9%. I don't think the A3 is a competitor, so long as you want 6mt, since the 3.2S only comes in DSG.

[vanbmw]

Does nobody actually purchase a car these days???It seems everyone on this site is leasing their car.

[looking]

I'll be purchasing....

[e36chris]

financing here, hopefully, might have to make my term 72 months cause insurnace is up there a bit

[bimmerfile]

Originally Posted by vanbmw

Does nobody actually purchase a car these days???It seems everyone on this site is leasing their car.

I'm payng cash - the only way to fly - IMHO..

[Klinn]

I'll be purchasing too...

...something, but it may not be the 135 after all. I'm a little disappointed with the 20% price difference, and my E46 is still zipping along nicely.

So recently I've been thinking about trading in my Miata for a new summer toy. Decisions, decisions. :wink:

[M3Newbie88]

Financing here... going 60 months.. at the 6.75%.. unless something drastic changes.. isnt much other there that is close and i think the 335i is to long for what i like and those stis/evos dont have the luxury factor i am looking for.. if everything goes soar i rather keep my tsx with the lack of power.. at least i have decent luxury and reliability..

[0002s]

Originally Posted by carnut

I'm payng cash - the only way to fly - IMHO..

Can you write a lease payment off as a business expense in Canada as you can in the US?

[bimmerfile]

Originally Posted by 0002s

Can you write a lease payment off as a business expense in Canada as you can in the US?

To the extent you use your car for business purposes (e.g. sales, etc), then you can write off a proportional share of lease costs (or depreciation if purchased/financed) and operating costs..

[0002s]

Originally Posted by carnut

To the extent you use your car for business purposes (e.g. sales, etc), then you can write off a proportional share of lease costs (or depreciation if purchased/financed) and operating costs..

So there could be a reason to lease in Canada, other than potential lower payment.

[BMW Dreamer]

Hell I am going 84 months @ 6.15% I have to keep the payment under $550 month with $4k down.

[BMW Dreamer]

Originally Posted by stefan

Well at the price you'd be paying for the 135i without the insane lease rates, you might want to check out 335i.

VW GTI is relatively cheap, and I just priced out an STI, and they have 5.9%. I don't think the A3 is a competitor, so long as you want 6mt, since the 3.2S only comes in DSG.

IMO the other cars are not in the same comparison. The 335i is the next best thing to the 135i sport. 1 in a class of 1.:w00t:

[bimmerfile]

Originally Posted by 0002s

So there could be a reason to lease in Canada, other than potential lower payment.

If you purchase or finance, you can also deduct depreciation for the use of your vehicle for business purposes (it was 30% of declining balance when I was Finance Mgr many moons ago) - so the fact that you can deduct vehicle expenses for tax purposes doesn't necessarily lead one in a particular direction as to how to pay for the vehicle..

[BMW Dreamer]

Originally Posted by Road Runner

C30, GTI, Altima Coupe, G37, A3, Audi TT, 328...

The G37 S Manual is the only car I might ??? consider on that list. A matter of opinion IMO.

[0002s]

Originally Posted by carnut

If you purchase or finance, you can also deduct depreciation for the use of your vehicle for business purposes (it was 30% of declining balance when I was Finance Mgr many moons ago) - so the fact that you can deduct vehicle expenses for tax purposes doesn't necessarily lead one in a particular direction as to how to pay for the vehicle..

Never said it did lead anyone

What I wanted to know is was there more than one reason, in Canada, to pay for your vehicle in cash other than tell everyone that you are online. Seems you've answered my question.

[stefan]

Originally Posted by Jeff1962

IMO the other cars are not in the same comparison. The 335i is the next best thing to the 135i sport. 1 in a class of 1.:w00t:

Well of course... anything else is a settle. But hey.

[BMW Dreamer]

YAH, I just never settle for anything else. If I want something I wait longer if needed. I say buy or finance it. Just my 2 cents..

[InOttawa]

Originally Posted by Jeff1962

YAH, I just never settle for anything else. If I want something I wait longer if needed. I say buy or finance it. Just my 2 cents..

I agree with that. I'm going to either buy, or wait a while.

[koala]

Originally Posted by 0002s

Can you write a lease payment off as a business expense in Canada as you can in the US?

You can write off a percentage of your lease payment, gas, maintenance, insurance, etc.

Depending on how much you use the vehicle for business purposes, you can claim a good chunk of your mileage. I usually claim around 30-40% to avoid being audited.

I don't think I could ever buy a car in cash, not when it's actually substantially more beneficial to do it this way and take advantage of the tax breaks.