[G30 B58]

Originally Posted by BavarianFanatic

I financed mine through Penfed for a whopping 0.9% for 5 years. I'm pretty confident I can put the cash I saved to work and make a good bit more than that...

This!!

Those that beat their chest "I paid cash!!!", I laugh at that.

I guess if you got cash to launder then it's the right thing to do.

[pbjr]

For me it was the MT option. BMW is phasing them out and I wanted to have another before they're gone forever. Look at the Z4 4 cylinder. Gone within the current generation. Can happen at any time. I purchased a MT 435i and it's been a great experience. 14 months and 10k miles. No issues. Hope it continues. Last car was 2000 S4 and nothing but normal maintenance. Car is now with my dad at 108k and still going strong.

[Dog Face Pony Soldier]

Originally Posted by 300hp

Exactly, that's the passion we were referring to earlier.

The other good thing with buying is your let the car go on your own terms. Having a deadline to return the car also takes the fun out of changing cars and gets tiring

For me the strict ownership timeline of a lease is one of the most unattractive aspects of that route. I find comfort in buying and selling when I see fit.

[6spdTanzM4]

Originally Posted by ls3c6

yeah, I'm an enthusiast and hobbyist mechanic... for most of 2000-2010 I bought all the niche cars audis/rx7 twin turbo/sti/evo/corvette etc etc drove them awhile and resold for the same or a profit, there were times I had 5-7 cars I drove in any given week.

I always did well because I'm extremely OCD, if you ever buy a car from me it will perform and look as new.

Debugging this E90 has been a real treat

You bought and sold 60 cars for same cost or profit? Are you a dealer? Please add up the sales tax, registration fees, etc. and then tell us if you've made a profit.

[shawntech]

Originally Posted by shiftmr2t

You bought and sold 60 cars for same cost or profit? Are you a dealer? Please add up the sales tax, registration fees, etc. and then tell us if you've made a profit.

nah just a hobbyist, people sell their cars way cheap for cash when they bought more than they can afford... regarding registration didn't always register them lol

[infinitigor]

Originally Posted by joewalton

Ah, but if you re-up with BMW for your next lease all of that is forgiven. I've returned 3 Series with a door ding, some wheel rash, and worn tires with no penalty. And the one time they docked me for a chipped windshield I was able to call BMW Finance customer service and get them to let me off the hook for that as well.

There is no downside to leasing.

I did "re-up" with BMW, went from an e90 to an f30, but BMW didn't care. Seems like you got really lucky. i got charged for mileage, tires, and dings.

Did you get your cars from the BMW dealer directly? I get my cars through leasing companies

[Cyberdemon]

Originally Posted by shiftmr2t

You bought and sold 60 cars for same cost or profit? Are you a dealer? Please add up the sales tax, registration fees, etc. and then tell us if you've made a profit.

To be fair, it is possible.

I bought a highly modified Corvette, slowly parted out the mods and returned it closer to stock and was able to make a profit after sales tax, registration, service charges and even the tools I had to buy (turns out no normal jack fits under a Corvette). The only thing I didn't include in my spreadsheet was gas and time spent working on the car.

If you're good at spotting cars, negotiating, and reselling them it's a big time commitment but you can certainly make money doing it. In college we used to buy old beater cars for $1-100 that people couldn't get running and would be glad just to have towed off their property. Many of them just required fresh gas, some cheap parts and elbow grease to get running and they could be resold with no problems.

[joewalton]

Originally Posted by infinitigor

I did "re-up" with BMW, went from an e90 to an f30, but BMW didn't care. Seems like you got really lucky. i got charged for mileage, tires, and dings.

Did you get your cars from the BMW dealer directly? I get my cars through leasing companies

BMW directly and use the same dealer every 3 years for just this reason.

Building a tight relationship with a single dealer at a single dealership really works to your advantage on many levels, from leasing to accessories to priority service appointments to loaner cars, I've even had my dealer drop off paperwork and floor mats at my house.

[335BOY]

Originally Posted by joewalton

BMW directly and use the same dealer every 3 years for just this reason.

Building a tight relationship with a single dealer at a single dealership really works to your advantage on many levels, from leasing to accessories to priority service appointments to loaner cars, I've even had my dealer drop off paperwork and floor mats at my house.

I agree. Most don't realize the value of relationships. Independent lease return companies will end the waiving of dings, mileage etc.

[fecurtis]

Originally Posted by joewalton

BMW directly and use the same dealer every 3 years for just this reason.

Building a tight relationship with a single dealer at a single dealership really works to your advantage on many levels, from leasing to accessories to priority service appointments to loaner cars, I've even had my dealer drop off paperwork and floor mats at my house.

Yup, so much this. Whenever I'm at the dealer for service I'll find the GM and the sales guy I bought my car from just to say hello and catch up.

[shawntech]

Originally Posted by Cyberdemon

To be fair, it is possible.

I bought a highly modified Corvette, slowly parted out the mods and returned it closer to stock and was able to make a profit after sales tax, registration, service charges and even the tools I had to buy (turns out no normal jack fits under a Corvette). The only thing I didn't include in my spreadsheet was gas and time spent working on the car.

If you're good at spotting cars, negotiating, and reselling them it's a big time commitment but you can certainly make money doing it. In college we used to buy old beater cars for $1-100 that people couldn't get running and would be glad just to have towed off their property. Many of them just required fresh gas, some cheap parts and elbow grease to get running and they could be resold with no problems.

everything you buy in life should be met with the thought "how much do I want this? How much will someone be willing to pay me for it!"

[James550i6spd]

Like most here, I buy Japanese, and I lease a secondary/fun (BMW) car. I can live with a lease payment of $600 indefinitely, as long as it keeps me in a new BMW and under warranty. Cost of entertainment, right?' BMW tends to give one of the best lease rates and best warranty in the industry so leasing is attractive to many

No disrespect, but "living within your means" is a poor excuse to not lease. For people who like to update their rides every 3-4 years, a lease can offer a path of least financial/personal risk.

[Salaman]

Originally Posted by pazzo

Now I pay cash. If I can'the buy it, I can't afford it.
many live beyond there means in today's society.
When I was younger, I always financed, and I made sure I was never upside down. Large amounts down and always had cash to spare. That extra cash was saved and invested. I've always made more in investments, than the amount the vehicle depreciated.

Put it simply, if I was quald for a 500k house, I didn't buy a 500k home, but rather bought a 300k home and saved the difference, building wealth.

I do agree, what I currently cannot afford, I do not acquire! When you can make that vehicle purchase without getting-in over your head...go for it. Then, there's that ability to sleep like a baby, working on an F32 right now.