PDA

View Full Version : Leasing a 330ci.


UncleJ
06-07-2004, 05:13 PM
Is it even worth leasing a car?

I was about to lease a 330ci with the M package, but I stopped myself right before I did.

The car is $63, 000. With a $8k downpayment, my monthly would be around $750 a month.

Thinking about it some more, I'm pretty much just renting a car for 3 years and paying like $30, 000 for it.

Obviously, you can't mod a leased car, but with the M package, there isn't a point to anyway.

I was thinking of leasing te 330ci, then buying an M2 or M3. However, what if I don't like the M2 or M3 by then? I'd be $30k down.

Or I could just keep my car for another 3 years and mod it.

I've already bought my M-tech kit. Rims, tires and suspension is a call away. I was planning on changing my interior and painting my engine red.

I also need to decide this fast, because my parents have already ordered their cars and I have by next week to choose if I want it or not.

///MsAniTy
06-07-2004, 05:19 PM
y not get a m3 off the trader the new ones the prices r down alot man

UncleJ
06-07-2004, 05:22 PM
My dad really doesn't want me to get a 333hp car right now. Something about killing myself cause I'll drive like an idiot.

///MsAniTy
06-07-2004, 05:37 PM
booooo. honestly this is what i would do. i would buy that 95 m3 for sale on max if its still there its sellin for like 19 or so drive it for a few years get some nice experience n so on and then buy a bangin car

golden
06-07-2004, 06:22 PM
i think a 95 M3 is more dangerous than the e46 m3

e36s had no dsc, its a harder car to drive

anyhow, i dont think a 330 is worth 63k.. its almost at the end of its run

Miguel
06-07-2004, 06:31 PM
Keep in mind that $30,000 is a great downpayment on a place to live...

but I guess im just a frugal guy. In my opinion, you have a decent car right now.. why not save and park that decent car in a decent garage?

but to answer your original question, I'd rather own my own souped up car then "rent" a car for 3 years. Plus, then you are stuck with it. What if for some reason you dont like it or you want something else?

crusher
06-07-2004, 06:45 PM
If you really want the 330Ci finance it instead of leasing!! leasing is like a money pit you put in money in it and it's not your car unless you buy it at the end. But in the end there will be other cars thats much better and you will be forced to get a better one. Trust me, as much as possible buy the car you want for now and then when your finish you'll have at least some $$ on the current car. Also don't waste your $$ on the down payments unless it's a house hehe..

BMW_7
06-07-2004, 06:48 PM
Leasing only makes sense for econoboxes or high-end luxury cars that would lose their value like crazy the next year.

crusher
06-07-2004, 06:57 PM
ya it also makes sense leasing it if your putting it on company expense. You get your taxes back

ierrahh
06-07-2004, 07:12 PM
I'm looking at the same car and I was quoted $60 000 and on a lease if I put $5000 down, $735 a month..you might want to re-negotiate your deal...

323Ci-vm
06-07-2004, 07:27 PM
The lease rate at BMW.CA for the 330Ci M is 3.3% (36 month ONLY)

The Finance rate is 6.7%. So say after your down payment your carrying a lease or finance of $55,000, the FINANCE will cost you an extra $156.00 a month just because of the difference in interest rates (all else being equal).

Also a lease may be better (than finance) since after 3 yrs, with the new E90 on the market, the resale on your purchased 330 will be quite low.

Gianpaolo_E46
06-07-2004, 07:32 PM
Do a ballon finance option. Its a lot better than a lease and more flexible. What you do is u pay ur money down 8k, like u would for the lease, then u get low monthly payments (similar to the lease one) and u own the car, no renting. u get unlimited km also. At the end of the 3 years u have a ballon sum to pay (maybe 25,000) and what u can do at the end of the three years is either re-finance the 25,000 for another 3 years or try to sell the car for say 35,000 or whatever and that way u make back ur down payment 8k and 2k for ur next car.

Gianpaolo_E46
06-07-2004, 07:33 PM
Originally posted by 323Ci-vm
The lease rate at BMW.CA for the 330Ci M is 3.3% (36 month ONLY)

The Finance rate is 6.7%. So say after your down payment your carrying a lease or finance of $55,000, the FINANCE will cost you an extra $156.00 a month just because of the difference in interest rates (all else being equal).

Also a lease may be better (than finance) since after 3 yrs, with the new E90 on the market, the resale on your purchased 330 will be quite low.


That lease rate is only good for a june pick up date. I doubt that can get an 330Ci M over to canada before june is up (unless they have one on the floor, or in holding in halifax)

323Ci-vm
06-07-2004, 07:51 PM
Guess that's how they reel you in... it doesn't mention it on the website...

Gianpaolo_E46
06-07-2004, 08:24 PM
no the lease rate is 3.3 and has been for a while now, it ends in july though. but the lease rate doenst take effect when u put down a down payment or say 'yea i'll take it' it begins when u pick up the car, and if they build u one it will take at least 8 weeks to get here so the 3.3 wouldnt be in effect.

alexm520
06-07-2004, 11:05 PM
Leasing definetely makes sense but it depends on individual situation.

People have modded their lease cars but, you have to re-install the original parts if you decide to return the car to the dealer. Which means you have to keep all small parts and don't loose them.

I am guessing at some point you will be selling your current 328i 1999 (based on your info); I am not sure how most people will react to a red engine in a BMW.... Suspicious?

Just curious how did it add up to $63K?
Is your current car (328) fully paid off, if not - are you paying for it or your parents?

Why does it matter if you parents ordered their cars .... unless the are paying for yours 330Ci also?

AlexM520

T.Dot_E30
06-07-2004, 11:42 PM
I wouldn't lease a car unless i owed a business and can write off some of it.

or if it was like a GM or a north american car......lease it drive the shit outa it and return it. But u loose a shitload of money......

I'd take care of a car and keep it a while.

UncleJ
06-07-2004, 11:44 PM
Thanks for all your opinions.

alexm520: The car adds up to 63k with the Premium Package and HK sound system.

My parents ordered a 545i and a X5, so they got a discount on that for buying 2 cars. If I also buy a car at the same time as them. I'll get a discount on my car. I'll be paying for the car, so I'd rather have it.

However, I don't think I'll do it. Spending 30k to rent a car for 3 years is a bit much.

Gianpaolo_E46
06-08-2004, 12:07 AM
whats the discount u get for buying 2 cars, or leasing 2 cars?

UncleJ
06-08-2004, 12:55 AM
My parent's worked out something like 3% off and I think around $3000 more off.

d12
06-08-2004, 04:58 AM
why waist money, you can get a decent 2001-2002 330ci used for like $35,000 - $40,000 now... you can save $30g's