[TheRetroGuy]

Originally Posted by NewM3driver

These cars are best leased. It is under warranty when you own it. Never have to worry. About two and a half years in the love affair is over and you get to go trade her in for something new, fresh and sexy... Imagine if other things in life worked like that....

My cars last me 5-7 years. I'm still trying to overcome my 1.5 year attention span when it comes to dating.

The great thing about cars is they don't start incrementally taking you for granted as they wear

[jwh335i]

just to revive my original post, I just picked up my 2020 m340i from the dealer today 9/8/20: they replaced the passenger side mirror assembly plus the glass, just like they had to do on the driver's side in my original post

BMW 51169854798 (the motor assembly) list price is around $900
BMW 51169492762 (the heated mirror) FCP euro had it for $160.

So it is what I thought, over $2000 in parts just for the two mirrors they replaced

Plus the passenger side laser headlight had to be replaced, that is $3000 just for the part.

Come on BMW, that is at least $6000 in repairs in the first year of ownership. I love the car but I should have leased.

[GOLFFRR]

a mass produced car is bound to have a few bad ones here and there but from my end I would say that BMWs on a whole have become a lot let prone to issues. You can argue that however our service income would say otherwise. Mini cooper has made a DRASTIC drop in issues, we saw service on those drop an insane amount, those things seem to have become bullet proof.

[VetteGuy]

Even though 75% of a BMWs are leased, I just don’t understand the attraction of leasing and making monthly payments for life. I make one payment at the time of cash purchase and don’t pay any “acquisition fees” for the privilege of financing. Residual and resale is basically one in the same and I’m less concerned about mileage costs.

My current ride is 7 years old and I’m excited for my new M440 to arrive next month. I plan to drive it for 3-5 years and make the leap to EV which should be well sorted out by then. I’ll be in my seventies then so I shouldn’t have too many more new cars ahead, but I’ll drive them like I stole them.

Maintenance is just part of the price of owning anything, but since I don’t make monthly car payments, the occasional maintenance cost or repair is easier to swallow. I’ve always found that the bugs are generally repaired under warranty, and if the car is properly maintained it isn’t a problem.

Hell, the highest maintenance possession I currently have is my chocolate lab pup, Jack Daniels. I’m going to wish he had an extended warranty. LOL

[Firaxis]

Originally Posted by VetteGuy

Even though 75% of a BMWs are leased, I just don’t understand the attraction of leasing and making monthly payments for life. I make one payment at the time of cash purchase and don’t pay any “acquisition fees” for the privilege of financing. Residual and resale is basically one in the same and I’m less concerned about mileage costs.

My current ride is 7 years old and I’m excited for my new M440 to arrive next month. I plan to drive it for 3-5 years and make the leap to EV which should be well sorted out by then. I’ll be in my seventies then so I shouldn’t have too many more new cars ahead, but I’ll drive them like I stole them.

Maintenance is just part of the price of owning anything, but since I don’t make monthly car payments, the occasional maintenance cost or repair is easier to swallow. I’ve always found that the bugs are generally repaired under warranty, and if the car is properly maintained it isn’t a problem.

Boredom..

[wtwo3]

Originally Posted by VetteGuy

Even though 75% of a BMWs are leased, I just don’t understand the attraction of leasing and making monthly payments for life. I make one payment at the time of cash purchase and don’t pay any “acquisition fees” for the privilege of financing. Residual and resale is basically one in the same and I’m less concerned about mileage costs.

Just being able to drive the latest and greatest. I'm one year into my lease and am already thinking about which car I want next (Do I go for the G80? Do I go with a different brand? The possibilities are endless). It's not that I don't love my current car, I just love having a new car every 3 years and switching things up, different options, colors, brands, etc.

Now if I had purchased my car in cash or financed it, and decided to get rid of it in 3 years, I'd take a financial bath (which is exactly what happened with my Infiniti). In that case, leasing makes much more financial sense. Typically (especially with BMW), short term possession favors leasing much more than buying.

[VetteGuy]

I get it, and lord knows I’ve owned far to many cars in my lifetime, but no matter how you acquire it, unless you buy used and let someone else eat the initial depreciation, constantly swapping is expensive.

[wtwo3]

Originally Posted by VetteGuy

I get it, and lord knows I’ve owned far to many cars in my lifetime, but no matter how you acquire it, unless you buy used and let someone else eat the initial depreciation, constantly swapping is expensive.

Agreed - Leasing just happens to be slightly less expensive based on the frequency of swapping.

[b1gtuna]

Originally Posted by TheObviousChild

My 2016 340 w/ MPPSK was my 7th Bimmer and the first one I financed. 2 years in I lost the 2nd gear synchro on my MT. Cost $14,000 to repair.....$0 under warranty. Yeah, I sold that thing when I came up on 4 years. Been love my leased M340 though!!!

Why wasn't that covered with warranty..?

[ThatKrazyPolak]

Originally Posted by wtwo3

Just being able to drive the latest and greatest. I'm one year into my lease and am already thinking about which car I want next (Do I go for the G80? Do I go with a different brand? The possibilities are endless). It's not that I don't love my current car, I just love having a new car every 3 years and switching things up, different options, colors, brands, etc.

Now if I had purchased my car in cash or financed it, and decided to get rid of it in 3 years, I'd take a financial bath (which is exactly what happened with my Infiniti). In that case, leasing makes much more financial sense. Typically (especially with BMW), short term possession favors leasing much more than buying.

This sounds like a response from a kid, "latest and greatest". If at 28 I have a higher financial IQ than this guy I need to get out more.

[wtwo3]

Originally Posted by ThatKrazyPolak

This sounds like a response from a kid

Oh the irony

[Benjamin_Nicholas]

Originally Posted by jwh335i

Come on BMW, that is at least $6000 in repairs in the first year of ownership. I love the car but I should have leased.

$6k that was covered under warranty. Where's the problem?

This is not a Kia: It's a German-made BMW. There are always higher costs involved with owning a more expensive vehicle.

If you wanted less risk, you would have leased, however this model is not currently known for being problematic.

As for 'that's a kid response,' no it's not. It's can also be the response of someone who's got the money to lease how they like. I own several cars (as listed in my sig) and lease this M340i. I will have it two years and then figure out what BMW has as their latest & greatest toy car.

I can afford to do that. Full stop.

[EXE46]

Originally Posted by wtwo3

Just being able to drive the latest and greatest. I'm one year into my lease and am already thinking about which car I want next (Do I go for the G80? Do I go with a different brand? The possibilities are endless). It's not that I don't love my current car, I just love having a new car every 3 years and switching things up, different options, colors, brands, etc.

Now if I had purchased my car in cash or financed it, and decided to get rid of it in 3 years, I'd take a financial bath (which is exactly what happened with my Infiniti). In that case, leasing makes much more financial sense. Typically (especially with BMW), short term possession favors leasing much more than buying.

I thought I was the only one. At first, I was saying I would get another G20; the facelift but lately I have been endlessly brainstorming. From updated G70, updated Stinger ( with the Wine red quilted leather seats), M2C, X3M, X3M40i, next gen ISF ( if they build it), next gen C43 etc. I even imagined a G42 as possible replacement and my lease wont end till 8/2022 lol.

[wtwo3]

Originally Posted by EXE46

I thought I was the only one. At first, I was saying I would get another G20; the facelift but lately I have been endlessly brainstorming. From updated G70, updated Stinger ( with the Wine red quilted leather seats), M2C, X3M, X3M40i, next gen ISF ( if they build it), next gen C43 etc. I even imagined a G42 as possible replacement and my lease wont end till 8/2022 lol.

Yeah it's a problem lol. Thinking up scenarios, going to car configurator websites, wondering if I can live with a coupe as my daily driver with a 2 year old, what car i'm going to get as soon as she goes off to college, etc etc. It never ends.

[Firaxis]

Originally Posted by ThatKrazyPolak

If at 28 I have a higher financial IQ than this guy I need to get out more.

I see this remark in variations across the board, somehow believing everyone is in a financial situation relative to them. For all you know their holistic lease costs are nothing but spare change. Even in the worst case scenario it wouldn't matter.

If penny pinching is required I'm sure your "financial IQ" would arrive at the logical conclusion a BMW isn't a fiscally wise choice in the first place. It is after all just another car and many cheaper options can fill the void.

Although as we are enthusiasts, I assume many on their death beds wouldn't look back and say "I really wish I'd have avoided trying a smorgasbord of fun cars to enrich one's life."

[ThatKrazyPolak]

Originally Posted by Firaxis

I see this remark in variations across the board, somehow believing everyone is in a financial situation relative to them. For all you know their holistic lease costs are nothing but spare change. Even in the worst case scenario it wouldn't matter.

If penny pinching is required I'm sure your "financial IQ" would arrive at the logical conclusion a BMW isn't a fiscally wise choice in the first place. It is after all just another car and many cheaper options can fill the void.

Although as we are enthusiasts, I assume many on their death beds wouldn't look back and say "I really wish I'd have avoided trying a smorgasbord of fun cars to enrich one's life."

I assume many on their death beds would prefer to look back and say "I really wish I'd have invested in assets that would have allowed me to try a smorgasbord of fun cars without a dollar out of my pocket".

[Burrcold]

Originally Posted by ThatKrazyPolak

I assume many on their death beds would prefer to look back and say "I really wish I'd have invested in assets that would have allowed me to try a smorgasbord of fun cars without a dollar out of my pocket".

You sound crusty and boring AF...

[Firaxis]

Originally Posted by ThatKrazyPolak

I assume many on their death beds would prefer to look back and say "I really wish I'd have invested in assets that would have allowed me to try a smorgasbord of fun cars without a dollar out of my pocket".

That doesn't even make any sense in the context of my response, it's really not that difficult. Some people already have the money to swap and change as they please without any real bearing on their financial stability.

How that stability is gained is irrelevant, whether it be a career, lottery or investments. Everyones circumstances are different..

[ThatKrazyPolak]

Originally Posted by Burrcold

You sound crusty and boring AF...

What, just because I don't want to pay for a depreciating asset out of my pocket I'm boring?

Enjoy your lease payment bro. My rental property would pay for mine. I'd rather spend my hard earned money on VIP tickets to Coachella once everything opens up. I'd invite you but you probably have a lease payment to make and I think I'm too crusty for you.

[Burrcold]

Originally Posted by ThatKrazyPolak

What, just because I don't want to pay for a depreciating asset out of my pocket I'm boring?

Enjoy your lease payment bro. My rental property would pay for mine. I'd rather spend my hard earned money on VIP tickets to Coachella once everything opens up. I'd invite you but you probably have a lease payment to make and I think I'm too crusty for you.

I stand by my assessment.

[ThatKrazyPolak]

Originally Posted by Burrcold

I stand by my assessment.

Your assessment is predicated on stupidity, so stand by whatever you'd like.

[wtwo3]

Originally Posted by ThatKrazyPolak

My rental property would pay for mine. I'd rather spend my hard earned money on VIP tickets to Coachella once everything opens up.

Why not do both?


Interesting you emphasize not wanting to spend your money on a depreciating asset, but then turn around and spend it on something that isn't an asset at all...