10-15-2015, 02:21 PM | #1 |
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Lease or buy if unsure about keeping the car a year?
Featured on BIMMERPOST.com If I decide to get out of the car within the first year, what's the easiest/lowest cost way to do it? Lease transfer or sale? I'm thinking it's easier to find someone who can afford $700-800/month with a couple thousand up front than someone who has $40-50k cash. But maybe the market for these things consists of people who do have $50k cash lying around? There might be a chance the car turns out to be the perfect mix of fun, safety, and practicality that I would keep the car long term so I'm also hesitant to do a lease with ED, which bumps up the money factor. |
10-15-2015, 02:34 PM | #2 |
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The ED money factor adder is a rough replacement for the month that your car is on the boat that BMW FS pays the payment for you. In the end it is a wash.
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10-15-2015, 11:09 PM | #3 |
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I wouldn't consider any car that I wasn't sure I was going to keep for at least three years. Sure the M2 may be a car that has some demand to protect you from depreciation but it is car that will be built for 4 years of production, they will build them at higher volume than the 1M and this is not a mainstream car. If you were to go into this with the intention of getting rid of it potentially in a year I think buying it would probably be best. The market for those who want to take over a lease is smaller than those who want to own a car. Most people don't have 50k laying around and most that do won't put 50k cash into a car, they take a loan out so I don't think that is an issue really. It is important to note that you will lose the cost of fees and taxes anytime you do a transaction like this so it is tough to spread that across a year and have it make sense. I think a lot of guys think this will be another 1M, a car that holds its value and actually appreciates in the first couple of years, I don't think there is any chance of that so I would only go into this if your in for a few years. Otherwise it will probably be an expensive experiment.
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