U.S. Addicts: Will you be buying or leasing your 1-series coupe?

[Jonny D]

Buying.....drive too many miles to make a lease sensible.

[NHSkibm]

^^^^ I drive about 50,000 miles a year and plan on making this my daily driver... Definitely buying... Just hoping I can pay off my E36 so I don't have to trade her...

[thesacrifice]

I drive maybe 8k miles a year. The lady is going back to grad school for 3 years. I own my current car and don't have a mortgage. I don't want the 135 for more than 3-4 years. I'm leasing if I can get a good structure and keeping my Subaru since it's paid off (if I can afford to do so.)

I just don't want to own a turbo'd BMW for the long run.

[mikeo]

As a famous economist once said: "In the long run, we're all dead."

[Bobbie Love]

Originally Posted by IvtecEM

I plan on leaseing for the fact that I have realtor lic I can claim everything back then i will buy the car at the end of the lease..........

+1 doing the same.

[Victor.L3IchibanM3]

she will be bought..... leasing is a bad idea

[larry lawless]

Originally Posted by Brookside

I'll probably lease unless I came up with 25% cash-down...then buying would make sense in my situation.

+1
Definitely

[vinazzurro]

Originally Posted by Victor.l3ichiban

she will be bought..... leasing is a bad idea

That depends entirely on how long you intend on keeping the car. If you're looking for the short term, leasing is sometimes a better option. For the long term, buying wins, hands-down.

[kurichan]

Originally Posted by Victor.l3ichiban

she will be bought..... leasing is a bad idea

Why? Because you don't understand leasing?

[RSH@GGY920]

I'll probably put about 10-15k down and finance the rest .. I couldn't imagine leasing, or renting as I call it .. she will def be paid for.

[ibeam81]

Originally Posted by RSH@GGY920

I'll probably put about 10-15k down and finance the rest .. I couldn't imagine leasing, or renting as I call it .. she will def be paid for.

You're paying for it either way, but with leasing you're just paying for the depreciation plus interest. Even with buying you don't technically own the car until you get the title. If you plan to keep the car then buying is usually a better option, but if you like a new car every 2-3 years then leasing has some advantages. Credit wise, it's actually harder to get a lease than a standard car loan. Also, unless you get a high rate on your loan why would you want to place such a large down payment? Aren't there better places to put your money instead of in a car? :iono:

[FAN_F1]

Car = Depreciating Asset.

Unless you are flipping the car at market or better quickly upon initial release to someone who cant get one themselves....keep your cash.

[Rcase]

Definitely purchasing... a BMW out the door for under 35k....

Besides the money factor will be terrible on this thing, I am sure they will sell them so quickly the lease incentives (outside of what I expect to be a 80%+ residual on 2 year 10k) will be very minimal.

[kurichan]

Originally Posted by RSH@GGY920

I'll probably put about 10-15k down and finance the rest .. I couldn't imagine leasing, or renting as I call it .. she will def be paid for.

Because you'd rather give your money to someone else, instead of keeping it for yourself? :iono:

Do the math and decide. This "owning it" prejudice is silly.