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  #1  
Old 10-08-2010, 02:21 AM
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Originally Posted by TylerH860 View Post
Yes, you lose money either way, but you are going to lose alot more money financing, and continue a cycle of debt with car payments for the rest of your life.
He's going through cars like underwear - there's no way you can come out buying them that frequently - even if every one, no especially if every one is paid for in cash. No way whatsoever.

This guy has lease written all over his MO (modus operendi.)

His money will go further not buying.
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  #2  
Old 10-08-2010, 02:24 AM
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He's fixing to drop a fortune on buying a new 2011 BMW.

There's no way a lease is more money than buying a new 2011 BMW, for the time he'll be entertained with one.
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  #3  
Old 10-08-2010, 02:26 AM
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He's fixing to drop a fortune on buying a new 2011 BMW.

There's no way a lease is more money than buying a new 2011 BMW, for the time he'll be entertained with one.
You mean LEASE a 2011. The last thing you want to do is BUY NEW to turn around a trade in at the 3 year mark. That's why i entertained the used E350 , as it has already depreciated some...
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Old 10-08-2010, 02:35 AM
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You mean LEASE a 2011. The last thing you want to do is BUY NEW to turn around a trade in at the 3 year mark. That's why i entertained the used E350 , as it has already depreciated some...
It's the same thing, the lease company is buying the car for you and charging an excessive amount to finance the difference between the new cost and the residual value. Do you think the lease company is losing money on the deal? If you had the cash, you could make exactly the same deal.
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  #5  
Old 10-08-2010, 02:42 AM
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WHO CARES about lease vs purchase vs paying cash .. That wasn't the question, lol... I can make my own financial decisions... my parents let me, really they do!! LOL

Lets get back on track.. Bottom line? Cars will continue to be swapped every 2-3 years... I am not going to drive a car to the ground, just to keep it 4-5 years... thank you..
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  #6  
Old 10-08-2010, 02:45 AM
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Originally Posted by yosshimura View Post
WHO CARES about lease vs purchase vs paying cash .. That wasn't the question, lol... I can make my own financial decisions... my parents let me, really they do!! LOL

Lets get back on track.. Bottom line? Cars will continue to be swapped every 2-3 years... I am not going to drive a car to the ground, just to keep it 4-5 years... thank you..
Head 'em up and LEASE 'em out.

Plain and simple.
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Old 10-08-2010, 02:50 AM
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WHO CARES about lease vs purchase vs paying cash .. That wasn't the question, lol... I can make my own financial decisions...
Really?

Regarding car choice, I would buy the used E320/350; IMO, you will get more car for the money and avoid taking a hit on a new car. You should be able to find a decent, low-mileage example for $30k. I'm considering buying a used one for one of my kids (probably in the $15-20k range), it's a good solid car for the price.
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  #8  
Old 10-08-2010, 02:51 AM
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Originally Posted by yosshimura View Post
WHO CARES about lease vs purchase vs paying cash .. That wasn't the question, lol... I can make my own financial decisions... my parents let me, really they do!! LOL

Lets get back on track.. Bottom line? Cars will continue to be swapped every 2-3 years... I am not going to drive a car to the ground, just to keep it 4-5 years... thank you..
I guess you should just go out and find whatever $30,000 car you like the best. The E350 will be a pretty safe bet if unscheduled repairs is all you care about. BMW's program is hard to beat, though. from 0-50,000 miles you don't even have to worry about oil changes or wiper blades, its all covered for free.
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Old 10-08-2010, 03:07 AM
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I guess you should just go out and find whatever $30,000 car you like the best. The E350 will be a pretty safe bet if unscheduled repairs is all you care about. BMW's program is hard to beat, though. from 0-50,000 miles you don't even have to worry about oil changes or wiper blades, its all covered for free.
That's really the best advice, buy whatever you like in your price range. It doesn't really matter what anyone else thinks, you're the one who has to drive it. Maybe, you will discover that you don't have to replace your car every 3 years if you find something you really like.
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  #10  
Old 10-08-2010, 02:45 AM
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It's the same thing, the lease company is buying the car for you and charging an excessive amount to finance the difference between the new cost and the residual value. Do you think the lease company is losing money on the deal? If you had the cash, you could make exactly the same deal.
The difference is with most brands the bank they own is floating them. So, if MB financial offers a considerably cheap leasing program, they get their units moved, make 1-2% APR on the lease term, and get good steady stream of CPOs at the end of the run.
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  #11  
Old 10-08-2010, 02:58 AM
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The difference is with most brands the bank they own is floating them. So, if MB financial offers a considerably cheap leasing program, they get their units moved, make 1-2% APR on the lease term, and get good steady stream of CPOs at the end of the run.
I understand that it might be a better deal than you can get from the local bank, but you are still paying more than a cash deal. I leased one new car when I was young, stupid, and broke; it allowed me to drive a car that I couldn't really afford without a down payment. In the long run, I paid too much but I thought I needed a new car. I should have bought something I could afford and saved my pennies. I wouldn't have listened to anyone either, but some of us eventually grow up.
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  #12  
Old 10-08-2010, 03:02 AM
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Leasing is the only way to go for this guy.

He'll likely be in a new 400 HP Mustang GT anyway. Or a new E350 or BMW.

No way he can afford buying anything this pricey for 2-3 years outside a lease. None whatsoever.
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  #13  
Old 10-08-2010, 02:50 AM
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It's the same thing, the lease company is buying the car for you and charging an excessive amount to finance the difference between the new cost and the residual value. Do you think the lease company is losing money on the deal? If you had the cash, you could make exactly the same deal.
No way you can make the same deal. No way whatsoever. Paying cash for a new car to sell it in 3 years is NOT less than a lease. No way whatsoever.
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  #14  
Old 10-08-2010, 02:24 AM
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I can't get into a new E350 for $700 on a lease, I would be in a C class (I want to be a Mercedes when I grow up, lol)... and I am not really feeling that car. My friend just bought a 2009 with 15k miles, and it's beautiful, though.
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  #15  
Old 10-08-2010, 02:41 AM
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Originally Posted by yosshimura View Post
I can't get into a new E350 for $700 on a lease, I would be in a C class (I want to be a Mercedes when I grow up, lol)... and I am not really feeling that car. My friend just bought a 2009 with 15k miles, and it's beautiful, though.
Leasing a used car is even worse than leasing a new car. However, I would recommend buying a used car (for cash) to avoid the initial depreciation. Let some other sucker pay for the initial deprecation (there are plenty of them out there).
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