Leasing a Bimmer...1st timer help

Yeah, there is no reason to ever lease a car for full MSRP. There is always a competitor somewhere in town that is willing to make you a better offer. Knowing the MSRP and the Dealer Invoice price is where you can make an agreement. Let the dealer know that you are informed about the basic elements of leasing and that you are prepared to negotiate the resale price and monthly car payment. Simply asking them for the residual value, money factor or interest rate will go a long way in preventing them from giving you a raw deal. If you can avoid a down payment, that would be ideal cause you don't want to throw thousands of dollars away on a car that is depreciating at almost that amount per month.

Be aware of hidden costs, read the contract cause you will only be shown the bottom line. Most luxury cars require a security deposit.
Disposition fees, some dealers charge a fee at the end of your lease term.
Low mileage allowance, the more miles per year the better.
Excess wear and tear, let the dealership specify what they mean in terms of tire wear, body dents and scratches, etc.
Beware of unusual lease terms. A 24 or 36 is most common. If they offer you odd terms like 27, 39, 44 you may be paying lower monthly payments but there's a catch. Depending on the state you live in you may be charged additional taxes; ex. registration taxes.
 
Don Adidada said:
 
Sorry to be a downer but do you have your financial ish together?

Just asking cuz I walk by the projects every day and see fresh off the lot mercedes, bmw, audi, even saw a porsche 911 once.

You might argue its drug money or people with legitimate jobs just living for cheap in the projects but they too would fall under the category of not having their financial ish together.
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You are walking by the projects and these ppl are driving to the projects... And you are questioning if OP has $$$$ together..... UMMM OK
eyes.gif
 
Someone explain to me how leasing works (when it comes time to get another car) as far as the down payment....since the car isn't yours, are you coming out of pocket each time for the DP when you want a new whip?
 
JJs07 said:
Someone explain to me how leasing works (when it comes time to get another car) as far as the down payment....since the car isn't yours, are you coming out of pocket each time for the DP when you want a new whip?
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yes, basically your lowering the amount your paying for the car, thus lowering the lease payment by putting a down payment.

what I do is calculate totatl cost.. what is the cost if I do not put a downpayment..

what is the total cost if i do put a down payment.. if they are the same or negligable then dont put a down payment..
 
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Guy wants the liberty of owning a variant bmw, and throws logic.out the door. OP camt be convinced and want cliff notes.

google.com or bmw forums or beamer.com LOL

the Beamer typo thing told me so, this was one of them threads. more so, the i want want want, but wont actually own, just to look cool financing a ride to look cool for IG pics and social circuses.


OP, do your hw, if u dont, u dont deserve. google,com.has ur answer, u are basically throwing money away.

worry about fee simple and lease hold. cars are a depreciable asset after all. outs with the luls
 
Bravelude said:
Guy wants the liberty of owning a variant bmw, and throws logic.out the door. OP camt be convinced and want cliff notes.

google.com or bmw forums or beamer.com LOL

the Beamer typo thing told me so, this was one of them threads. more so, the i want want want, but wont actually own, just to look cool financing a ride to look cool for IG pics and social circuses.


OP, do your hw, if u dont, u dont deserve. google,com.has ur answer, u are basically throwing money away.

worry about fee simple and lease hold. cars are a depreciable asset after all. outs with the luls
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I'm pretty sure with that grammar; I wouldn't be taking financial advice from you
 
KMante said:
[QUOTE url="/t/606958/leasing-a-bimmer-1st-timer-help/30#post_21614590"]
Wait OP, why don't you just buy a used vehicle?
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:rofl:  
[/quote]

I know, right? :lol: Dipset is the gift that keeps on giving...

"OP, why don't you just buy a '87 Jag w/ 450,000 miles on it?"
 
A lot of you in here got some serious hate/jealousy in your heart to come at Stillin for asking an honest question :smh: :lol:
 
Bravelude said:
Guy wants the liberty of owning a variant bmw, and throws logic.out the door. OP camt be convinced and want cliff notes.

google.com or bmw forums or beamer.com LOL

the Beamer typo thing told me so, this was one of them threads. more so, the i want want want, but wont actually own, just to look cool financing a ride to look cool for IG pics and social circuses.


OP, do your hw, if u dont, u dont deserve. google,com.has ur answer, u are basically throwing money away.

worry about fee simple and lease hold. cars are a depreciable asset after all. outs with the luls
Click to expand...


:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:

Car is not an asset homie.
 
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