buying or leasing?

[meko]

Interested in seeing the split between buying and leasing and why you chose one over the other.

[F5506m]

Lease deals are terrible right now. 36 Month Lease payments are similar to a 60 Month finance payment.

[Mr.blue]

I actually chose to finance because the lease rates didn’t look so good. Also couldn’t pass up the discount I got. I guess there was some kind of event going on this week at all the dealerships. I planned to lease because of all the stories I a hearing about the steep decline in values of the 7 series. This is my first 7 series and I am planning to drive it until the wheels fall off. Well, I say that now.

[mattsrs]

Originally Posted by Mr.blue

I actually chose to finance because the lease rates didn’t look so good. Also couldn’t pass up the discount I got. I guess there was some kind of event going on this week at all the dealerships. I planned to lease because of all the stories I a hearing about the steep decline in values of the 7 series. This is my first 7 series and I am planning to drive it until the wheels fall off. Well, I say that now.

lol I say that about every car I buy and then a year later, new car itch comes back and I end up changing the car

[patrikr]

I leased because the APR at buy rates were better than I could find with financing.

[Mr.blue]

Originally Posted by mattsrs

lol I say that about every car I buy and then a year later, new car itch comes back and I end up changing the car

Lol! My wife just gives me a blank stare when I say, ok , I’m going to keep this one for a while! But I am trying though, I decided to go with the 760 because it feels different than the other BMWs I’ve had and I don’t feel the need to customize or add any performance parts that can get so expensive and a waste of money IMHO. I am thinking of adding some light tint to the windows though. Not sure if the usual buyers of the 7 do this or not.

[mattsrs]

Originally Posted by Mr.blue

Lol! My wife just gives me a blank stare when I say, ok , I’m going to keep this one for a while! But I am trying though, I decided to go with the 760 because it feels different than the other BMWs I’ve had and I don’t feel the need to customize or add any performance parts that can get so expensive and a waste of money IMHO. I am thinking of adding some light tint to the windows though. Not sure if the usual buyers of the 7 do this or not.

I have this mandatory post-sales spend on all my cars: ceramic coating + tinting windows. And then when I change the car soon after, I kick myself for having wasted $

[Mr.blue]

Originally Posted by mattsrs

I have this mandatory post-sales spend on all my cars: ceramic coating + tinting windows. And then when I change the car soon after, I kick myself for having wasted $

OMG! I thought it was just me! It sucks that this does nothing for the value or trade in allowance.

[patrikr]

Originally Posted by Mr.blue

OMG! I thought it was just me! It sucks that this does nothing for the value or trade in allowance.

Haha, this is so me as well. I spent $10k+ to stealth wrap, ceramic coat and tint my X5 and selling it this weekend after only buying it in August last year. Worse ROI than crypto...

[Mr.blue]

Originally Posted by patrikr

Haha, this is so me as well. I spent $10k+ to stealth wrap, ceramic coat and tint my X5 and selling it this weekend after only buying it in August last year. Worse ROI than crypto...

Lol! Wow!

[Mr.blue]

Originally Posted by Mr.blue

Lol! Wow!

Now I don’t feel so bad about leaving the carbon fiber bits.

[patrikr]

Originally Posted by Mr.blue

Now I don’t feel so bad about leaving the carbon fiber bits.

Haha. Yeah, not my smartest financial decision...

[meko]

Originally Posted by patrikr

Haha, this is so me as well. I spent $10k+ to stealth wrap, ceramic coat and tint my X5 and selling it this weekend after only buying it in August last year. Worse ROI than crypto...

Which X5?

[Stealth_BMW]

Originally Posted by patrikr

Haha, this is so me as well. I spent $10k+ to stealth wrap, ceramic coat and tint my X5 and selling it this weekend after only buying it in August last year. Worse ROI than crypto...

Hahaha I thought I was alone in this battle. I got my 22’ X6 M50 last May and I’m itching to trade it for a 760. Only thing holding me back is that my interest rate on the X6 is 1.87% and the rates now feel like I’m selling my soul.

[patrikr]

Originally Posted by meko

Which X5?

This beauty, it's a 2020 M50i with 19k miles. Still have her in my garage but my neighbor is buying from me this weekend. Such a great car, too bad the rear seats don't have enough space.