07-19-2024, 09:06 AM | #45 |
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I am not hidden in anybody else’s pocket and don’t know their financial situation and honestly couldn’t care less, however I love speaking about not owning depreciation assets and making smart and responsible financial decisions than switching car every 3 that leasing allows for. You have just fall for manufacturers business model. They want returning customers. That’s their bread and butter. Just say it out loud. I CAN AFFORD ID AND I DONT GIVE A F…. Simple Good day to everyone.
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AiredaleDad1813.50 |
07-19-2024, 12:14 PM | #46 |
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07-20-2024, 06:46 PM | #47 | |||
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The issue with your math is "peanuts" means different things to different people. I don't want to drive an 18 year old E90...and to me the $1,850 payment on my new S580 is also "peanuts". Quote:
Of course you come out far ahead financially if you buy and keep cars for a long time, but I don't want to do that...and I don't have to do that. You also come out far ahead financially if you never eat out, never take a vacation, it goes on and on. What good is money if you don't spend it? If you don't have the money, or its not something you get enjoyment out of then fine...but I have the money and I get enjoyment out of it...so I spend the money. What you do works for you, but it wouldn't work for me. I want new cars, and I want a new car every 3 years. So, I lease new cars. You are happy driving an 20 year old 3 Series and thats great, I am not happy with that. Whatever it costs is what it costs, it doesn't impact me financially at all. If it did impact me financially I wouldn't be doing it. Quote:
Last edited by SW17LS; 07-20-2024 at 07:07 PM.. |
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deleted_807865_k0a0df9ee6877.50 cmyx6go16659.00 |
07-21-2024, 09:13 AM | #48 | |
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I was driving 35,000-miles a year for my office commute, so leasing a car was not financially prudent. An 18-year-old BMW E90 is a much better drive than 95% of the new cars offered for sale since its introduction in 2005, and especially a BMW 3-series after the monstrosity that was the F30 when released on the public. I've looked to replace the E90 several times once it got above 250,000 miles, but every prevailing current model year 4-door sports sedan just sucked. I was close on buying a manual ATS back in 2014 or so, but I wasn't keen on a 4-cylinder turbo. Had GM offered the ATS with a manual bolted to their 3.6L V6, I'd have bought it. I buy cars that satisfy my need for a good driving experience and use case, rather than to try and impress people. I'd rather have 5 cars like I do now, all that offer a unique driving experience and fit an individual use case. But seriously, half a cent is literally peanuts (roasted peanuts in the shell cost about .6-cents per nut - I checked).
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A manual transmission can be set to "comfort", "sport", and "track" modes simply by the technique and speed at which you shift it; it doesn't need "modes", modes are for manumatics that try to behave like a real 3-pedal manual transmission. If you can money-shift it, it's a manual transmission. "Yeah, but NO ONE puts an automatic trans shift knob on a manual transmission."
Last edited by Efthreeoh; 07-21-2024 at 06:46 PM.. |
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07-21-2024, 01:24 PM | #49 | ||
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If you own a business you can write off a personal lease. You can write a vehicle off for business. My cars have always been personal leases. Quote:
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deleted_807865_k0a0df9ee6877.50 Bongoxxx818.50 |
07-21-2024, 03:09 PM | #50 |
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Yeah, the 'living beyond their means' argument is funny to me. Why tie up 80K of your own capital in a car? A loan or a lease are the only choices for a NEW vehicle. Additionally, as others have said, you can sell off a lease just as easy as selling off a car that you 'own' to make money in the end. People just like to 'flex' and talk down on people who don't want high payments when they think they have more money than others. Egos...
Edit for reference: I 'own' my G01 and will be trading it in for a G20 lease. Last edited by Accucon4202; 07-21-2024 at 03:11 PM.. Reason: Clarification |
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07-21-2024, 03:36 PM | #51 | |
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Show me where I passed judgement on anyone regarding leasing a vehicle? I simply said in earlier posts that the only true metric regarding the cost of vehicle ownership is evaluating the cost-per-mile. That standardizes the value regardless of what method you choose to finance a vehicle, or even what mode of transportation you choose to move from place to place, be it public transportation, cab, Uber/Lyft, limo service, aircraft, or private ownership/lease. I further said in reply to a post that owning a vehicle and amortizing the purchase price over tens or hundreds of thousands of miles lowers the per-mile cost. It's just a statement of fact. I keep the E90 because I really like the way it drives and there is no other car that I like to replace it with that fits my use case. That's the situation with BMWs, the cars are so good and advanced that they don't become antiquated even after several decades of progress of the industry. At what level of cost-per-mile a person chooses for transportation is their decision, I couldn't care less. The way I read it is you passed judgement on people who don't lease. You passed judgement on people who like to keep their cars a long time and drive them to high mileages. Your judgement is if a person doesn't drive a current-year expensive car it is a reflection of their work ethic, financial health, and level of success. It seems you have an inferiority complex, fighting against people who really don't care about other's "success", but you do you too.
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A manual transmission can be set to "comfort", "sport", and "track" modes simply by the technique and speed at which you shift it; it doesn't need "modes", modes are for manumatics that try to behave like a real 3-pedal manual transmission. If you can money-shift it, it's a manual transmission. "Yeah, but NO ONE puts an automatic trans shift knob on a manual transmission."
Last edited by Efthreeoh; 07-22-2024 at 11:02 AM.. |
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07-22-2024, 03:10 PM | #52 | |||
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You keep talking about cost per mile, again we are car enthusiasts. Cars to us are not appliances and if we cared about truly nothing but cost per mile we would all be driving old Toyota Corollas. Quote:
Find me a post where people who lease new cars wonder why people drive old cars...you won't find one. I can find you MANY threads where people with old cars pass judgement on people who lease new cars. |
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07-22-2024, 03:30 PM | #53 | |
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Many who lease thinks those that purchase are fools with their money. Those that purchase think those that lease are doing it for a lower payment because they can’t afford purchasing. I think the interesting part of this thread is why there is such a difference between brands when it comes to the % that lease. Are Porsche & Benz owners are not as financially savvy as those that lease BMW’s? What makes BMW owners so different in that regard. That was the point of the thread |
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07-22-2024, 06:10 PM | #54 | ||
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I think buying a car in cash is not a smart move, but I'm not going to bring that up unless someone tries to tell me the choices I have made are wrong. Quote:
But thats why such a big % of BMWs are leased IMO. What makes BMW owners so different in that regard. That was the point of the thread[/QUOTE] |
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deleted_807865_k0a0df9ee6877.50 carseatsm5999.00 |
07-23-2024, 04:33 AM | #55 | |
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Last edited by Efthreeoh; 07-23-2024 at 06:52 AM.. |
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07-23-2024, 08:26 AM | #56 | |
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Where the old Corolla comes into play is if all you are worried about is the lowest possible cost per mile and you're saying that a car is just a transportation tool. If you're posting on forums for your tool its not just a tool. How many refrigerator forums do you post on? |
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deleted_807865_k0a0df9ee6877.50 Dégoûté480.00 |
07-23-2024, 11:25 AM | #57 | |
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The total picture defines what is best for any one individual. But looking at a lease for a new 540i, for instance, once you calculate what is due at lease signing, plus all payments and what is due at lease end, you can then compare it to buying the same exact car, w/ down payment, plus 36 payments and subtract what it is worth at trade-in. Total cost. Probably comes out pretty close, either way. Selling private party would likely tip the scales in favor of buying. I am sure the dealers love a lease, because they may get it back, still under warranty and sell it again at retail. However if one keeps the car for a long time, the balance shifts toward buying. I paid $45K for a 2008 GT500 16 years ago. With 44K miles on it, it is worth $35K today. My total repair cost (beyond regular oil changes and fluid/filters) is rear brakes ($150) and a tail light bulb ($5). I've done some mods, but you cannot really count that. They were entirely optional. Might be the most cost-efficient vehicle that I ever owned ($635 a year?). And my heart races every time I start it up.
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07-23-2024, 11:32 AM | #58 | |
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07-23-2024, 11:44 AM | #59 | |
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Cars are not just transportation tools to all of us. |
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07-23-2024, 12:12 PM | #60 | ||
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Using my previous car as a case study, MSRP was $123,000, Negotiated cost was $100,000. $10k of that was lease rebate I wouldn't have gotten if I had purchased. I traded it in for $48,000 after 44 months. Difference between $110k and $48k is $62,000. Assuming I would have gotten a 60 month loan at 4% interest I would have paid ~ $10,000 in interest. So total cost to own is about $72,000. My lease payment was $1,494 a month, so for 44 months I paid $65,736. So $6,500 or so less, plus I had $500 a month in additional cashflow in the lower payment I could invest. When you factor in that $65,736 was tax deductible, it really only cost me ~$33,000 to have the car for 44 months, or $750 a month. I could have written the interest off had I purchased the car, which would have reduced the cost of that to ~ $5,000, and I could have depreciated the car, but I would have had to recapture some of that depreciation because I didn't own it for 5 years. You could say "you could have paid cash and not paid any interest" but that $110,000 made me more than $10,000 in return over those 44 months. |
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07-23-2024, 01:31 PM | #61 | |
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07-23-2024, 03:07 PM | #62 |
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I, for one do not see a car as a tool. I find what I want, figure out what I can afford to put around 50% down on, finance the rest, and keep the car as long as I like. Whether it's 3 years, 5 years, or 10 years or more. All depends on if I still enjoy the drive. Case in point. I have a 2103 Range Rover Sport. I keep it, even though I can afford to replace it because I enjoy driving it. It was the last year of the naturally aspirated 5.0 L V-8. It feels good, has no issues, and suits my needs. I ordered a new 2025 540i because I like it, and will keep it as long as I want it. Now I buy because I want. If you want to lease, that's up to you. I don't look down on you. You have your reasons to lease, and I have mine to buy. I am not in your pocket, wallet, or bank account. I don't care your reasons. Just enjoy the ride. Let me enjoy mine and don't judge anyone. I won't see you at a gas station or charger and ask if your car is leased or not. It's not my business. I have known people that will buy a car they can't afford. Just because they know someone else who did and they feel they should be able to as well. And then not be able to buy food or pay their mortgage. Not my business. I have seen millionaires lease a Nissan pickup when I know they can afford to buy it. Again not my business. Everyone has their own reasons. Respect those reasons and move on.
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07-23-2024, 03:25 PM | #63 |
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Very forward thinking!
A car is, as a matter of fact, a transportation appliance - a tool. How we view it and any emotional attachment is still valid. I get it. I still think back fondly on the 1966 Mustang that I bought in 1974 for $65 with no transmission. Yet, its true purpose remains a form of transport, not unlike a bus. And this is coming from a guy who spent about 30 hours over the past week detailing my cars. Then taking pictures of them. We are all car guys or we wouldn't be here. No offense intended.
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Last edited by DrVenture; 07-23-2024 at 03:33 PM.. |
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07-23-2024, 06:46 PM | #64 | |
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There is no right or wrong. Everybody decides what they want to do and how they want to go about doing it. |
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deleted_807865_k0a0df9ee6877.50 AiredaleDad1813.50 |
07-24-2024, 12:12 PM | #65 | |
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07-24-2024, 02:41 PM | #66 | |
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A BMW of Any Model is not a Transportation tool in the same sense. If all we wanted were transportation tools, Go to Russia during the cold war and enjoy your Lada or Trabant. If Anything, a BMW represents a really high level of transportation tool. It states we are not willing to settle for Humdrum. We want to get where we are going in comfort and Style. We want to enjoy the ride because we want exciting. Not bland zombies. We want the answer to "Are we there yet" to be "It will be a while longer. |
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