XBimmers X1   XBimmers X1
  XBimmers X1

Go Back   XBimmers | BMW X1 Forum > BMW X1 Forums > General BMW X1 (E84) Forum

Post Reply
 
Thread Tools Search this Thread
      11-21-2013, 07:59 PM   #1
BoxsterPhil
New Member
12
Rep
9
Posts

Drives: Black 128
Join Date: Jun 2013
Location: United States

iTrader: (0)

Exclamation How did you acquire your BMW, lease or purchase?

How did you acquire your BMW, lease or purchase? Do you want to keep your BMW long term or is 3 years enough?
Appreciate 0
      11-21-2013, 08:54 PM   #2
Grovsnus
Flight Lieutenant ≛
No_Country
18
Rep
918
Posts

Drives: Le Mans blue X1 35i
Join Date: Sep 2012
Location: CT

iTrader: (0)

Purchase. There's something to be said for the feeling that a car is completely yours.
I drive a BMW because I am not obsessed about money and what makes most fiscal sense. If I were, I'd be driving something else entirely.
Appreciate 0
      11-21-2013, 09:08 PM   #3
squishy
Banned
Zimbabwe
153
Rep
388
Posts

Drives: 2014 Ford Mustang GT
Join Date: Nov 2013
Location: Running away from an ocean vagina

iTrader: (0)

Purchase, long term.
Appreciate 0
      11-21-2013, 10:27 PM   #4
iride4u
Private First Class
United_States
9
Rep
122
Posts

Drives: 2014 X1 35 M-Sport Dinan
Join Date: Mar 2013
Location: Loveland, Colorado

iTrader: (0)

Purchase cash
Appreciate 0
      11-22-2013, 01:02 AM   #5
odieman23
Private
United_States
17
Rep
59
Posts

Drives: BMW X1 xDrive28i M-Pkg & HK
Join Date: May 2013
Location: Texas, USA

iTrader: (0)

Garage List
purchase .,..long term and multiple uses
Appreciate 0
      11-22-2013, 01:21 AM   #6
Blue Bottle
Lieutenant
Blue Bottle's Avatar
United Kingdom
10
Rep
533
Posts

Drives: X1 x Drive 2.0L D
Join Date: Oct 2011
Location: Swindon

iTrader: (0)

purchase
Appreciate 0
      11-22-2013, 04:04 AM   #7
Eric5273
Private First Class
United_States
6
Rep
196
Posts

Drives: 2014 BMW X1
Join Date: Oct 2013
Location: New Jersey

iTrader: (0)

Quote:
Originally Posted by Grovsnus View Post
Purchase. There's something to be said for the feeling that a car is completely yours.
It's only really completely yours if you pay cash (which maybe you did). Just like how people think they own their home. Stop paying the mortgage and you will find out who owns the home. :P

I own a business so I am able to get a tax break by leasing, so that's what I do. Otherwise I would probably finance a purchase.
Appreciate 0
      11-22-2013, 07:55 AM   #8
HBWT
First Lieutenant
HBWT's Avatar
11
Rep
334
Posts

Drives: 2013 X1X 2.8
Join Date: Oct 2012
Location: Va

iTrader: (0)

ordered purchase
Appreciate 0
      11-22-2013, 09:01 AM   #9
bluejay_el
Enlisted Member
bluejay_el's Avatar
United_States
8
Rep
44
Posts

Drives: 2014 BMW X1 xDrive 28i
Join Date: Aug 2013
Location: Rochester, MI

iTrader: (0)

Purchase... just because it was a better deal than the lease offer.
Appreciate 0
      11-22-2013, 09:19 AM   #10
lkoltys
Registered
United_States
0
Rep
3
Posts

Drives: 2014 X1 xDrive 28i on order
Join Date: Nov 2013
Location: Boston, MA

iTrader: (0)

Garage List
Have you looked into BMW Select? Payments like a lease (less than loan) but purchase with a balloon at the end. You then have the option to buy out, re-fi or sell the car which from what I've seen will be worth at least if not more than the value of the car.
Appreciate 0
      11-22-2013, 10:53 AM   #11
ScottMZ3
Captain
United_States
439
Rep
790
Posts

Drives: 2018 Camaro ZL1, 2019 X5 40i
Join Date: Oct 2012
Location: Roseville, CA

iTrader: (0)

Leased. 36 month.
Appreciate 0
      11-22-2013, 10:59 AM   #12
GreatStarSe7en
Enlisted Member
GreatStarSe7en's Avatar
6
Rep
46
Posts

Drives: 2013 X1 xDrive28i Sport Line
Join Date: Mar 2013
Location: Denver, CO

iTrader: (0)

Quote:
Originally Posted by Grovsnus View Post
Purchase. There's something to be said for the feeling that a car is completely yours.
I drive a BMW because I am not obsessed about money and what makes most fiscal sense. If I were, I'd be driving something else entirely.
Agree!

Purchase, but may sell after 3 year for another BMW
Appreciate 0
      11-22-2013, 12:16 PM   #13
manofb
Private
United_States
6
Rep
86
Posts

Drives: 2016 X5 35i
Join Date: Aug 2008
Location: DTLA

iTrader: (0)

Quote:
Originally Posted by Eric5273 View Post
It's only really completely yours if you pay cash (which maybe you did). Just like how people think they own their home. Stop paying the mortgage and you will find out who owns the home. :P

I own a business so I am able to get a tax break by leasing, so that's what I do. Otherwise I would probably finance a purchase.
I agee with you, I have never understood this false peace of mind people have thinking it's "completely yours."

Also, even if you have paid off your house, stop paying your property taxes and see who really owns your home.
Appreciate 0
      11-22-2013, 01:26 PM   #14
Gort
Klaatu Barada Nikto
Gort's Avatar
No_Country
28
Rep
1,169
Posts

Drives: 2017 X3-35i
Join Date: Apr 2007
Location: A Bipolar Planet

iTrader: (0)

My experience with leasing has been the peace of mind knowing I can just turn it in when the lease is over, or if it has been treated gingerly like mine with low miles - sell it for more than the payoff with BMW FS and get some money back. I love Bimmer's but I never want to have one after the warranty is up. These are simply my opinions and am not trying to challenge anyone else's opinion.
Appreciate 0
      11-22-2013, 02:04 PM   #15
Eric5273
Private First Class
United_States
6
Rep
196
Posts

Drives: 2014 BMW X1
Join Date: Oct 2013
Location: New Jersey

iTrader: (0)

Quote:
Originally Posted by lkoltys View Post
Have you looked into BMW Select? Payments like a lease (less than loan) but purchase with a balloon at the end. You then have the option to buy out, re-fi or sell the car which from what I've seen will be worth at least if not more than the value of the car.
Only issue is here in NJ when we lease a car they only charge us sales tax on the lease payments and not on the entire purchase price of the car.

But with any purchase, we have to pay the sales tax of the full price of the car. So you end up paying sales tax on that balloon payment even if you end up selling the car at that point.

Keep in mind on any BMW lease you can always decide to buy the car at any time even if it's still during your lease term.
Appreciate 0
      11-22-2013, 03:07 PM   #16
lkoltys
Registered
United_States
0
Rep
3
Posts

Drives: 2014 X1 xDrive 28i on order
Join Date: Nov 2013
Location: Boston, MA

iTrader: (0)

Garage List
Good point, however, in my case the tax on the ballon is actually less than the $750 acquisition & $350 disposition fees. Plus those dang mileage restrictions on a lease-so much for that cross-country road trip.
Appreciate 0
      11-22-2013, 03:08 PM   #17
Royleblue
Private
England
9
Rep
89
Posts

Drives: BMW X1 18d Sport
Join Date: Nov 2013
Location: Darlington UK

iTrader: (0)

Quote:
Originally Posted by lkoltys View Post
Have you looked into BMW Select? Payments like a lease (less than loan) but purchase with a balloon at the end. You then have the option to buy out, re-fi or sell the car which from what I've seen will be worth at least if not more than the value of the car.
PCPs are becoming more and more popular in the UK. They usually come with low finance rates, dealer contributions (guaranteed minimum discounts in other words) and service deals. Monthly payments are much less than normal a loan and you don't have as much cash tied up in the car.
I bought my Tiguan on a PCP and there will be enough equity in it to put a good deposit down on the X1 and keep the monthly payment about the same.
Appreciate 0
      11-22-2013, 03:41 PM   #18
cwickberg
Second Lieutenant
30
Rep
278
Posts

Drives: X1 35i MSport Ultimate,
Join Date: Oct 2013
Location: United States

iTrader: (0)

Purchased our 3.5i... after driving it for a few years going to give it to my daughter for school...
Appreciate 0
      11-22-2013, 03:55 PM   #19
Red Bread
Major General
United_States
4462
Rep
9,160
Posts

Drives: Smog machines
Join Date: Oct 2008
Location: Austin, TX

iTrader: (0)

Leased, in the hopes that a smaller rwd sedan will arrive before the lease runs up. F30 was just too big, ATS transmissions are awful, etc. Hoping sightings of the 2GC start soon.
Appreciate 0
      11-22-2013, 05:42 PM   #20
elfhearse
CW5
elfhearse's Avatar
United_States
9
Rep
164
Posts

Drives: 14 x28iS/10 e91M/00 Z3MC
Join Date: Jul 2009
Location: SE PA

iTrader: (0)

Garage List
2014 BMW x28i  [0.00]
2010 328iT  [0.00]
Purchased, will see what comes along in 3 years for possible trade...but am enjoying it so far. (can even tolerate the 8 speed in Sport mode)
__________________
CURRENT:
10 328iT ZMP-6spd, 00 Z3 MCoupe, 76 2002 stg.2 5 speed
PAST: 96 318ti Cali, 03 325Ci, 00 Z3 M Roadster, 99 Z3 2.8 Coupe, 14 X128i M-Sport14 Z4 28i Sport 6-spd
Appreciate 0
      11-22-2013, 09:38 PM   #21
mikew007
New Member
0
Rep
16
Posts

Drives: 2014 X-1 xDrive 35i M
Join Date: Oct 2013
Location: Nebraska

iTrader: (0)

Purchased Both X-1 and X-3.

I've never leased so I don't have an op on that.
Appreciate 0
      11-23-2013, 05:20 AM   #22
Mtpisgah
Private First Class
14
Rep
148
Posts

Drives: 2010 WRX & 2013 X1
Join Date: Mar 2013
Location: Greenville, SC

iTrader: (0)

Purchased with cash. I will keep it for ten years and then replace. It is what I have done with my last two cars and this one will be the same.
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 09:19 AM.




xbimmers
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST