Am I getting raped on this lease???

[NJjuice22]

is 480 in your budget? if so go for it

its a fucking E90 bro!

shit is being made right now. I can track it on the bmw owners circle site. Car is due to complete production on 4/4, after that its approx 4 weeks before it gets to my dealer. so im looking early may. cant wait!

 

[Frisky]

mine was actually a question, not a comment not to lease. I am interested in how they charge if you do go over the miles. When i bought recently I jumped right into a car, I had to get one pronto... but this is something i wanted to look into.

 

[NJjuice22]

mine was actually a question, not a comment not to lease. I am interested in how they charge if you do go over the miles. When i bought recently I jumped right into a car, I had to get one pronto... but this is something i wanted to look into.

its pretty simple. you pay for each mile you go over. usually 10cents, sometimes 15 cents a mile.

so if u were to go 5000k miles over ..you would pay 500 bucks. not to bad really.

 

[Frisky]

its pretty simple. you pay for each mile you go over. usually 10cents, sometimes 15 cents a mile.

so if u were to go 5000k miles over ..you would pay 500 bucks. not to bad really.

no its really not that bad at all. I wish I could have found a good deal locally on the BMW, being strapped for time and having to get into a car quickly I couldn't shop around. Maybe late this year Ill trade this one in or sell it. I am hard on cars, so I believe a lease would also be my best bet.

 

[velvett]

No you're not getting raped.

 

[jenscats5]

im not sure if im 100% correct because I dont have the numbers infront of me but from what i remember.


Residual - 65%
Money Factor - .000875 = 2.1%!!!

Crap!! Can't remember how to calculate the lease worksheet....but the residual is pretty standard & the money factor is a GREAT one.....

 

[Lestat]

here's something useful that i found about 1 month after id bought my car... its good for anyone who's thinking of buying a new car.

http://www.edmunds.com/advice/buying/articles/42962/article.html

that is a very cool article!

 

[superqt4u2nv]

I have no clue why anyone would spend $500 a month on something they will never own.

 

[jenscats5]

I have no clue why anyone would spend $500 a month on something they will never own.

Because, over time, the cost of the monthly lease payments as compared to the cost of financing a car could result in one spending LESS money on the lease than on the finance......

Also, with a lease - the lessee never has to deal with being upside-down in their loan due to depreciation - this means the car is worth less in book value than what you actually owe on the car.....

 

[superqt4u2nv]

Because, over time, the cost of the monthly lease payments as compared to the cost of financing a car could result in one spending LESS money on the lease than on the finance......

Also, with a lease - the lessee never has to deal with being upside-down in their loan due to depreciation - this means the car is worth less in book value than what you actually owe on the car.....

Not when your spending $500 a month on a fucking car payment? Give me a break. Plus insruance? and all the other shit that goes with owning a car. Buy something that is reliable with in your means if you really must have a car don't waist you money on a lease of some SUV or yuppy ride like a beamer.
I bet NJ could get a buy a civic with half the car payments own it out right in 4 years and the dam thing would run for at least 10 if takin car or properly. I just don't see the value in leasing so you can keep up with jones every 3 years?