|
|
10-02-2007, 03:49 PM | #1 |
Steve Forte Rio
147
Rep 2,393
Posts |
Lease vs. Finance
So, after contemplating on what I would like to do as far as purchasing options go, I'm torn between which one I should go with.
Since high-performance German cars are notorious for expensive maintenance and not-the-best realibility, I was wondering what many of the German car owners here do. When purchasing the Audi/VWs, BMW/Minis, MBs and Porsches, do you guys prefer to lease your cars/SUVs, or do you prefer to finance them? If financed, do you usually trade in another car for it, do you put down a large down payment, or both? If leased, what's the average length of time you lease? Also, do you trade in another car for it, put down a large payment, or both? Lastly, do many of you own the cars after the manufacturer's full-coverage warranty expires? Do you ever opt for extended warranty? |
10-12-2007, 10:27 AM | #2 | |
Captain Darren
12
Rep 157
Posts |
I opted to Buy with Financing
Quote:
When I bought my expensive M3, i put about $11000 down and financed the rest through my Credit Union for 5 years which puts my monthly payment to about $826/month. I'd never lease again. I leased a Subaru Legacy for 4 years. Sure the payments were low but I had to repaint the hood because of fading (wife got in an accident). I still have waranty on my M3 before I'll be selling it for the new 2009 BMW E92 M3. I would extend it because the oil changes and Inspection I & II are expensive. It in the long run will be in your favor. I hope that helps a little, Darren |
|
Appreciate
0
|
10-12-2007, 03:39 PM | #4 |
Major General
374
Rep 8,033
Posts |
I prefer paying cash for the entire amount without financing or leasing. If you do the math taking every single variable into account for 4 years of ownership, paying cash usually beats leasing or financing UNLESS you have some kind of low-risk reasonable yield investment option that will give you higher yield (after taxes) for your cash than say the APR you finance at.
|
Appreciate
0
|
10-13-2007, 04:27 AM | #5 | |
Colonel
149
Rep 2,419
Posts |
Quote:
__________________
It's a great time to be alive
|
|
Appreciate
0
|
10-13-2007, 07:44 AM | #6 |
Major General
374
Rep 8,033
Posts |
|
Appreciate
0
|
Post Reply |
Bookmarks |
Thread Tools | Search this Thread |
|
|