07-26-2023, 12:13 PM | #89 | |
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If OP buys in cash and holds for 6-7 years, the break-even point is likely around 5-year mark when lease rate is 3-4%(based on money factor). When the lease rate goes up to 6-7%, that break-even probably will go below 4 years. The savings are sufficient, and that is why people in the business(e.g. doublevanosrc in post#24) observe that more people pay in full these days than in the past. As far a 10-12 year old car being old, as u stated, car is a utility tool, just like a fork and a knife. It may not make sense to get new fork and knife every 3 years for some, but it is understandable that some put cars on a pedestal and desire new cars every 3 years. BTW, BMW's esp. since F-series has improved a lot in reliability, e.g. my F30 was repair-free for 8.5 years and 80k miles with no cooling system issue, no leak, no electronics failure, no failing window regulators. These F and G-series cars can likely last 15 years/150k miles with minimal repairs. |
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TheMaxXHD641.00 |
07-26-2023, 01:30 PM | #90 | ||
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The difference is that I can (or chose to) spend more than you for my transportation utility. Which is fine. You could have gotten a budget Kia 12 years ago, you chose a luxury BMW, we all make choices on how much/little mobile phone data to pay for each month within our budget. Quote:
In the last 12 years of perpetually leasing those F's, my out of pocket was $87,168 or $605 per month or less than my average electric bill. I didn't think about electricity expense when I hit the light switch, I didn't think about car expense when I hit the accelerator. In the end, all that matters is that we enjoy our BMW's within our means. We both did. |
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07-27-2023, 02:10 AM | #91 | |
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I would say my E39(with discount even at dotcom peak) was 35% price premium for 15% extra car compared to a top-trim Accord(with markup) at that time, e.g. $50k vs. $38k including tax and fees. That is 1.35/1.15, or 17% extra cost, which is really not bad at all.
My F30 was roughly break-even compared to a top-trim Accord, say, 15% price premium for 15% extra car. The average monthly(including maintenance and tires) over 8.5 years and 80k miles for that G20 was $245. The current G20 330i was a phenomenal deal, it was $2k(5%?) cheaper than a top-trim Accord(that carried a $3k markup), for 20%+ extra car. And yes, I do enjoy all 3 bimmers, they are great rides! Quote:
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toddwalton1328.50 |
07-27-2023, 09:13 AM | #92 | |
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@OP I would definitely pay off and keep the M340i. By all accounts the B58 is a solid engine which will last you a long time. |
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07-27-2023, 10:57 AM | #93 |
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Yes the B58 and ZF 8 speed is a solid choice. Its why I went with a G26 M440i XDrive for my next car.
My current ride is a 2019 C43 with AMG PE...but just could not go with the new C43. Glad I did not as many are experiencing problems with the new electrified turbo as well as the transmission. Some returning under lemon laws. Very sad as I love my C43...but the new 4 cylinder C43 has many issues. So I went M440i GC xdrive! |
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07-27-2023, 10:27 PM | #94 |
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07-29-2023, 10:58 AM | #95 |
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Drives: 2022 BMW M340i
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2022 M340i XDrive, Oxide Grey Metallic/Tacora Red/Shadowline. 2004 330Ci (Sold), 2007 335i (Sold).. |
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07-30-2023, 10:49 PM | #96 |
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Where did you find a rate like that? Most apr in NJ are 5% or more.
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07-30-2023, 11:02 PM | #97 | |
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The Treasury % didn't hit 1.5% until June 2022. |
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