12-21-2017, 09:33 AM | #23 |
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Lease w/ no money down.
Keep your money invested, perfectly hedge depreciation, warranty and use the tax code to effectively lower your payment. Turn the car in after lease and do it again. I understand this is not an option for everyone.
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CURRENT: 22' INDIVIDUAL M5| CHALK | TARTUFO | CCB | MPE | H&R | IND
GONE: 19' M5C| SINGAPORE GREY| ARAGON|VELOS VLS-06|H&R|iPE|IND|XPEL|CF|RADENSO GONE: 15' F10 M5|BSM|BLACK|VELOS VSS-S2|KW|AKRA|IND|CF |ESCORT 360|VELOS PIGGY GONE: 13' F10 M5|SG|BLACK|AKRA|KW|IND LONG GONE: 09' E60 M5|02' E39 M5 |
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01-02-2018, 09:53 AM | #24 |
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As of today with 32k on my '14, I'm about $3k in the black. I was fortunate to get a fair deal, plus I send an extra 56% per month to the car. I set a schedule to have the car paid off at the same time the warranty expires, which is when I intend on moving to a GT3 hopefully.
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2021 Brands Hatch Grey M5 Competition
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01-02-2018, 12:08 PM | #25 |
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Do you guys in the U.S. not have lease agreements?
Lease agreements are very common here in the UK, in fact I think 90% of luxury cars are leased! I'm a cash buyer btw, we're frowned upon by the salesmen (less profit for them if they don't sell a finance package!!) |
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01-02-2018, 01:46 PM | #26 | |
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CURRENT: 22' INDIVIDUAL M5| CHALK | TARTUFO | CCB | MPE | H&R | IND
GONE: 19' M5C| SINGAPORE GREY| ARAGON|VELOS VLS-06|H&R|iPE|IND|XPEL|CF|RADENSO GONE: 15' F10 M5|BSM|BLACK|VELOS VSS-S2|KW|AKRA|IND|CF |ESCORT 360|VELOS PIGGY GONE: 13' F10 M5|SG|BLACK|AKRA|KW|IND LONG GONE: 09' E60 M5|02' E39 M5 |
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01-02-2018, 04:08 PM | #27 | |
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Question tho. From the above excerpt of your post, am I understanding correctly that the dealer was able to discount the final resale price by the amount of MSD you had coming back to you (i.e. a credit applied at time of the sale back to you)?? That's a wonderful way to reduce your sales tax liability, but I didn't think a dealership would agree to this because I thought the MSDs are handled separately by BMW NA and they cannot be assigned to anyone other than the leasee.....including the dealership. How did you do this? |
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01-03-2018, 08:53 AM | #28 | |
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Cash has not been king for the past 6 years. If you held cash, or had your $$$ sunk in a "paid off car" you're down about -200% vs ETF's. I put down enough DP to keep my payments close to the depreciation cost of the car. This way my "monthly payment" is the depreciation cost. I then invest the rest. When I sell or trade in, I usually owe about what the car is worth. I pay the bank for depreciation on my car, while I make more than that in investments. I calculate the cost of my cars as total acquisition cost - amount paid divided by number of months. I drive pretty nice cars for around $500 a month including M3's, 911, etc. I've paid cash for too many cars in the past to my cash deteriorate in the car. G/L.
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Past Performance Cars: 01 M3, 05 M3, 06 M5, 08 M6, 08 M3, 11 M3, 13 M3, 15 M3, 911 C4S, 911 GTS, 17 M2,R8 V8, R8 RWS Last edited by Damage Inc; 01-03-2018 at 08:55 AM.. Reason: spelling |
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01-03-2018, 09:46 AM | #29 |
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01-03-2018, 09:48 AM | #31 |
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01-03-2018, 09:50 AM | #33 |
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"Life Cycle Impulse". Basically a mid-life refresh of the model where cosmetic, mechanical, electronic, packages/features are updated. Usually on a small scale. Common with BMW, they tend to "LCI" just about every model.
The F10 M5 was "LCI'd" in 2014.
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01-03-2018, 09:51 AM | #34 |
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I'd do it if I could get an F10 with a stick and not some fancy new F90
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01-03-2018, 03:48 PM | #35 |
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not surprised by these figures I'm seeing here. For these cars, it's always better off buying preowned. I'm even betting for the M6, M6 GC and F8X owners, almost everyone is upside down.
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01-03-2018, 03:50 PM | #36 |
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buying used and warranty issues aren't directly related. I bought my M6 GC used, but from a BMW dealership with a CPO. So got the best of both worlds, more friendly depreciation and a dealer warranty.
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08 Speed Yellow 911 GT3 Sharkwerks 12 AW/Cinnamon X5d Sports Pkg (retired) 14 AW/Beige M6GC ZCP, MPE, V2 steering wheel, vorsteiner (retired) 08 SSII/Black E90 M3 (retired) |
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01-03-2018, 03:54 PM | #37 | |
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Even getting leases doesn't mean you won't eat the depreciation at a bad rate. In this case, a lease of the M5 would have been better than a finance as the lease residuals were clearly better than actual depreciation. But you can easily be upside down on a bad lease residual.
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22 Phytonic/Coffee X5 45e (CoVID-free)
08 Speed Yellow 911 GT3 Sharkwerks 12 AW/Cinnamon X5d Sports Pkg (retired) 14 AW/Beige M6GC ZCP, MPE, V2 steering wheel, vorsteiner (retired) 08 SSII/Black E90 M3 (retired) |
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01-13-2018, 05:11 AM | #39 |
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I won't ever sell it as it's worth more to me than to give it away. At 116k miles now it's prob worth 25k and runs and looks every bit of new. So I'm not letting some little snot nose kid have my hard earned money monster on the cheap.
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01-13-2018, 10:38 AM | #40 | |
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'13 Black Sapphire Metallic - BPM Stage 1 Tune - RPI Exhaust - KW HAS Kit - 12mm spacers all around- Carbon Fiber front lip - High Kick Trunk Spoiler - Rear Roof Spoiler - IND Kidney and Fender Grills - 20% Tint all around 50% Front Windshield - PPF
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01-13-2018, 06:05 PM | #41 | |
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