[RC83]

Well I have been a long time thread viewer and this will be my first post. My current owners choice is up in august, so its time to order a new car. I have decided to make the plunge and order a 2011 335is. I really love the owners choice/lease option because I can buy a brand new BMW every 36 months! I went to my local dealer here in El Paso and I was given the run-down of leasing a 335is. So basically the residual value sucks (it currently stands at a miserable 55), but that's basically what I expected it would be. A residual value of 55 is substantially better than an M3, but doesn't look so great next to the 2011 335i's 59. On a owners choice/lease, you can expect to pay an extra $20-$25 per point on residual value. So no matter what, I can expect to pay nearly 100 dollars more a month because of the residual value on the 335is. The only good news that I received was the BMW is offering a DCT credit of $1,435 if you decide to opt your car with it. So this is really making me really want the 335is no matter what the residual value is. Now here is where things get stupid, if I lease a 2011 335i FULLY LOADED, my monthly payment is estimated at $789. If I were to lease a 2011 335is lightly equipped, my monthly payment stands at an estimated $894. Now keep in mind, the 335i fully loaded is just about the same price as the 335is. I really hate residual values!!!! any thoughts?

[cotmfk]

Get a one year old 335i, smaller lease payment, etc, etc.

[positiveions]

dowe itttt

[Brunotheboxer]

Just buy it outright then keep it for a longer time.

[turb0mik3]

335is sucks the big one. Get a used 335i for cheaper and spend 700 on a giac tune.

[John 070]

$894 per month for a 3 Series? That seems totally out-of-whack imho. Don't need to know any more details, common sense must prevail.

[Chriztofor]

So after 9 years (assuming prices stay exactly the same) you would have spent $96,552 plus 3 down payments and don't even have a car to show for it!

[Alexander]

Originally Posted by Mflowt5

335is sucks the big one. Get a used 335i for cheaper and spend 700 on a giac tune.

Originally Posted by John 070

$894 per month for a 3 Series? That seems totally out-of-whack imho. Don't need to know any more details, common sense must prevail.

Originally Posted by Chriztofor

So after 9 years (assuming prices stay exactly the same) you would have spent $96,552 plus 3 down payments and don't even have a car to show for it!

Used is way better. CPO or get an extended warranty like mine. My dealer had plenty of low mileage 335i

[John 070]

Originally Posted by Chriztofor

So after 9 years (assuming prices stay exactly the same) you would have spent $96,552 plus 3 down payments and don't even have a car to show for it!

Wow, that's not easy to make up for. I would say stop the craziness asap and start saving for the future, forget about the 96k down the drain.

[BTM]

Originally Posted by maxnix

If you are not a business, leasing and even financing is God's way of saying you cannot afford the car outright.

i.e. - you ain't got the scratch, Jack.

There are plenty of people who can afford the car outright who choose to lease/finance for various reasons...society has determined various accepted ways of obtaining cars, what's wrong with letting people decide their preferred payment/equity route? You may prefer outright purchase, others may choose to defer payments, especially if they can grow their money at greater rate than their finance apr

[fruition3000]

Buy a 2010 or 2009 335i. They are still out there and u will end up on top with the n54

[335rrr]

I will have to agree with going with 335I either way...CPO or not but I would personally take the CPO. When I did my owners Choice at the end of '08 and got a new '08 335I I only put $2500 dwn and no trade and my payment is at $540 coz the residual was at 64%...WHAT IS WIERED about this is I was at my local BMW dealer getting my car serviced and I asked one of the sales people about the residual and he said that it was HIGHER on the IS than the reg. 335I ...obviously someone doesn't have their shit straight and my bet would be on the IDIOT I talked to...

You wanna know how I know he's an idiot...COZ I AM THE ONE THAT TOLD HIM ABOUT THE DCT IN THE 335IS, HE DIDN'T EVEN KNOW!!
Thats when he went and LITTERALLY grabbed a sticker of an IS and an I and started comparing them line by line like a retard
That was my first time looking at the 335IS pricing...WHAAAAAAAAAAT! way the hell too expensive for not much more power gain.

[335rrr]

bump

[persian54]

buying CPO isn't always the best option

You have to also take in consideration future resale value
but most importantly interest rate

interest rate on used cars can be 4.99 to 7.99 depending on conditions etc
sometimes they have low rate plans for CPOs

when you buy used, there's a higher chance it'll be a lower rate

For example: were I to have bought a used e93 335i with similar options and low miles, the cheapest I found was a 08 for 44k plus tax and license etc last year
a new one with similar (well, it had CA vs the used that didn't) options and .5 miles was 55k plus tax license etc

however, the 08, i was quoted at 7.99 versus .9 for the 09

if you do the math, the difference if very minimal after a 5 year loan.
Also, the new one is yours from the beginning (higher ownership value imo, others may think differently) and you know how it's been treated since day one

So one cannot always say "go cpo/used it's better"
you need to look at everything

However, if you're leasing, you can't really lease used cars... and it'll usually end up costing about the same if not more

a 900 dollar lease payment on any 3 series is ridiculous...

get a E class
or a S Class :P

or a 5 series

or M3...

[persian54]

Originally Posted by fruition3000

Buy a 2010 or 2009 335i. They are still out there and u will end up on top with the n54

+1 on this

[BMWFanatic2008]

BMW doesn't want you to lease 335is, that's why the residual value is so low compared to regular 335i. If you're looking to lease, get 335i with MSport.

[335rrr]

Originally Posted by persian54

buying CPO isn't always the best option

You have to also take in consideration future resale value
but most importantly interest rate

interest rate on used cars can be 4.99 to 7.99 depending on conditions etc
sometimes they have low rate plans for CPOs

when you buy used, there's a higher chance it'll be a lower rate

For example: were I to have bought a used e93 335i with similar options and low miles, the cheapest I found was a 08 for 44k plus tax and license etc last year
a new one with similar (well, it had CA vs the used that didn't) options and .5 miles was 55k plus tax license etc

however, the 08, i was quoted at 7.99 versus .9 for the 09

if you do the math, the difference if very minimal after a 5 year loan.
Also, the new one is yours from the beginning (higher ownership value imo, others may think differently) and you know how it's been treated since day one

So one cannot always say "go cpo/used it's better"
you need to look at everything

However, if you're leasing, you can't really lease used cars... and it'll usually end up costing about the same if not more

a 900 dollar lease payment on any 3 series is ridiculous...

get a E class
or a S Class :P

or a 5 series

or M3...

or Porsche Turbo

or Austin Martin...my time to be the smart a$$ just kidding guys

[positiveions]

i wouldn't even bother with 335is. why? OVERPRICED! Save little bit more, and get a used M3 about a year old

[MediaArtist]

$894 lease payment? That sounds ridiculous.

[John 070]

Originally Posted by persian54

buying CPO isn't always the best option

You have to also take in consideration future resale value
but most importantly interest rate

interest rate on used cars can be 4.99 to 7.99 depending on conditions etc
sometimes they have low rate plans for CPOs

when you buy used, there's a higher chance it'll be a lower rate

For example: were I to have bought a used e93 335i with similar options and low miles, the cheapest I found was a 08 for 44k plus tax and license etc last year
a new one with similar (well, it had CA vs the used that didn't) options and .5 miles was 55k plus tax license etc

however, the 08, i was quoted at 7.99 versus .9 for the 09

if you do the math, the difference if very minimal after a 5 year loan.
Also, the new one is yours from the beginning (higher ownership value imo, others may think differently) and you know how it's been treated since day one

So one cannot always say "go cpo/used it's better"
you need to look at everything

However, if you're leasing, you can't really lease used cars... and it'll usually end up costing about the same if not more

a 900 dollar lease payment on any 3 series is ridiculous...

get a E class
or a S Class :P

or a 5 series

or M3...

I would not be afraid to use the heloc (hey we weathered the real estate crash and have plenty of equity to boot, right?). My rate is 2.5% and I've got 5 years left on it. I feel it gives me the flexibility to borrow at a decent rate, and when I'm good and ready, take the money out of cash and stocks to pay off. With that being said, I'd never buy a car I don't need with a heloc, and a BMW is sorta that. It's not so much a need, it's a luxury. I mean follow these threads, people go from 2k8 335's to 2k11 335is, post pics, and they get accolades as if they accomplished something great. In the back of my mind I think they wasted a lot of money.

Sometimes you can do something that makes sense and don't look back. When I owed 14k on my loan, I kept saying why am I not paying it off? The interest is 5.5%, and I"m earning only 1.25% on the money. But what if I need the money for a rainy day? There hasn't been a rainy day in over 10 years, why would it just happen now? Boom, paid it off in Nov. or 36 mos., and that rainy day still never came, just like I've never so much as had any insurance claim but still keep full coverage on my 1998 Nissan. Dumb....

[335rrr]

Originally Posted by John 070

I would not be afraid to use the heloc (hey we weathered the real estate crash and have plenty of equity to boot, right?). My rate is 2.5% and I've got 5 years left on it. I feel it gives me the flexibility to borrow at a decent rate, and when I'm good and ready, take the money out of cash and stocks to pay off. With that being said, I'd never buy a car I don't need with a heloc, and a BMW is sorta that. It's not so much a need, it's a luxury. I mean follow these threads, people go from 2k8 335's to 2k11 335is, post pics, and they get accolades as if they accomplished something great. In the back of my mind I think they wasted a lot of money.

Sometimes you can do something that makes sense and don't look back. When I owed 14k on my loan, I kept saying why am I not paying it off? The interest is 5.5%, and I"m earning only 1.25% on the money. But what if I need the money for a rainy day? There hasn't been a rainy day in over 10 years, why would it just happen now? Boom, paid it off in Nov. or 36 mos., and that rainy day still never came, just like I've never so much as had any insurance claim but still keep full coverage on my 1998 Nissan. Dumb....

THAT'S EXACTLY what happened to me in 2004. I had paid my M3 in full and I needed money Quick for some of my rental properties that the tenants defaulted and here I had $50,000 TIED UP IN A CAR! I felt so stupid, besides I needed to get a bigger vehicle for business so I traded it in. Luckily I had the e46 for a year and half and I only lost $6,000 (23Kmiles) I don't really consider it a loss but you know what I mean...my wife CRIED so much over it , when the dealer took it, even though she NEVER drove it
it was a sad sad day in my life (FYI it was Imola on Black)

[cap_freez]

Leasing is only a good idea if you can deduct your car as a business expense.

That's why I usually buy my cars with finance. Even if it ends up being a few k's more because of interest, I hate putting all my saved money in a car that will depreciate faster than I can spell d.e.p.r.e.c.i.a.t.e.

But the best way to finance a car I find is usually with a loan or credit line backed by property. You can get very low rates and pay off the loan anytime without any penalties (if you finance a car for 5 years, you will pay the interest on 5 years, even if you pay early).

I also like to keep my cars between 5 and 10 years and I always own a car in the end... when you lease it's never paid off!!!