Buy or lease debate

[white sox bill]

I need a new vehicle, I'm looking at Monte Carlo, and '07 leased for 3 yrs would be about $300/month. Now, I'm looking at a 1998 BMW that I can buy and my payment would be the same. So, do I lease car w/warranty peace of mind and have no equity in 3 yrs OR buy a BMW with 137k on it and roll the dice that nothing will go wrong and in 3 yrs own something worth approx 8k.

Now factor in the pvssy...the women I am more apt to appeal to (late 20's on up) would probably like the Beamer as opposed to the Monte correct?

 

[Vulpine]

Wow, bill, there is just no hiding your FIB-ness, is there?

You are comparing a leasing cheverolet and a buying bmw as if there is some sort of hard decision to make. Jeez, I don't know bill, should I rent a sh!tty apartment in the ghetto or buy a pretty decent house in the suburbs for the same amount? That's a tough call, you should've started a poll.

Wow, flatlanders... they never cease to amaze me.

 

[penkitten]

buy means you own and can later resell
lease means you spent all that money just to rent it.

right?

 

[white sox bill]

Wow, bill, there is just no hiding your FIB-ness, is there?

You are comparing a leasing cheverolet and a buying bmw as if there is some sort of hard decision to make. Jeez, I don't know bill, should I rent a sh!tty apartment in the ghetto or buy a pretty decent house in the suburbs for the same amount? That's a tough call, you should've started a poll.

Wow, flatlanders... they never cease to amaze me.

Vulpine news flash...Civil War ended in '65, 1865 that is. Funny you replied to this as I'm writing check for a gabiilion dollars on my Wisconsin vacation home for Real Estate taxes. Makes me think us FIB'ers should just buy the entire state! Then we could have all the cheese we wanted!
But you replied, so thanks! Its what I thought all along, but I sure do like Monte's!
Bill

PS Where was Dahmer from BTW?

 

[Vulpine]

I'm just giving you static, willis.

Dahmer was from Milwaukee. Ed Gein was from Plainfield.

Gein is my favorite. He was a taxidermist, so he was messing around making "arm chairs" out of real human arms and lampshades out of human skin and stuff. He was the "serial killer version of Martha Stewart".

 

[Skel]

Buy if you drive a lot, lease if you dont but be damn sure to take good care of the car.
I have never been a fan of leasing though. To me its like why rent an apartment for 600 dollars a month when you can
buy a house and pay the same amount?

 

[white sox bill]

buy means you own and can later resell
lease means you spent all that money just to rent it.

right?

Yes, the glitch here is that Beamer parts/labor is about 5 times what you would normally be paying. Not much goes wrong, but when it does, look out!

Example, one of the few things that is wrong with this BMW is you need a screwdriver to open the glove box. Approx $300 to fix it. A $2 screwdriver sounds sweet doesn't it?

 

[white sox bill]

I'm just giving you static, willis.

Dahmer was from Milwaukee. Ed Gein was from Plainfield.

Gein is my favorite. He was a taxidermist, so he was messing around making "arm chairs" out of real human arms and lampshades out of human skin and stuff. He was the "serial killer version of Martha Stewart".

Oh I know and back at you Vulpine! I thought for sure you'd bring up Gacy LOL! But hey, Dahmer had the common sense to keep those heads on ice, as they don't last too long at room temp!

 

[white sox bill]

Buy if you drive a lot, lease if you dont but be damn sure to take good care of the car.
I have never been a fan of leasing though. To me its like why rent an apartment for 600 dollars a month when you can
buy a house and pay the same amount?

I have a Jeep and Ranger truck and a motorcycle so I really don't drive that much. The repairs on a BMW is what scares me! I guess you could take the $8000 that the car would be worth in 3 yrs and say I may have to spend 1K on repairs/maint. leaving a net gain of 7k.

 

[penkitten]

Yes, the glitch here is that Beamer parts/labor is about 5 times what you would normally be paying. Not much goes wrong, but when it does, look out!

Example, one of the few things that is wrong with this BMW is you need a screwdriver to open the glove box. Approx $300 to fix it. A $2 screwdriver sounds sweet doesn't it?

thats why i dont drive a bmw.

 

[Oxide]

Sounds like you can't afford either. So don't do it.

Like Gene Simmons says - Do not buy something until you can pay cash for it.

And a BMW, with that many miles will guarantee trips to the expensive mechanic.

Leasing is horrible IMHO.

 

[eminence]

don't do either, save up some cash, and buy a NEW car that you can afford. a 98 bmw? come on that car is 10 years old...when things start to go on it, the replacement parts are 5x more expensive on a luxury car. If you buy a new car with a warranty you can beat the hell out of it and if anything goes wrong you get it replaced for free.

 

[penkitten]

don't do either, save up some cash, and buy a NEW car that you can afford. a 98 bmw? come on that car is 10 years old...when things start to go on it, the replacement parts are 5x more expensive on a luxury car. If you buy a new car with a warranty you can beat the hell out of it and if anything goes wrong you get it replaced for free.

thats great advise

 

[Vulpine]

Yes, the glitch here is that Beamer parts/labor is about 5 times what you would normally be paying. Not much goes wrong, but when it does, look out!

Example, one of the few things that is wrong with this BMW is you need a screwdriver to open the glove box. Approx $300 to fix it. A $2 screwdriver sounds sweet doesn't it?

I think you seriously underestimate the value your own point.

Not much goes wrong,

Should be more like "Sh!t never goes wrong unless some fuxktard passenger starts jacking around with sh!t and breaking it because they just aren't used to nice stuff."

Fools kept kicking my glovebox until it broke the hinges - so I'm bitter.

Seriously, sh!t NEVER goes wrong compared to American cars. Which is why the stuff is higher priced. Service shops have to keep the lights on. Fewer breakdowns = fewer repair shop customers = higher prices Simple.


Shoot, eminem beat me to the "Besides, what do you need a new car for? What's wrong with the one you have?"

 

[justinsane]

don't do either, save up some cash, and buy a NEW car that you can afford. a 98 bmw? come on that car is 10 years old...when things start to go on it, the replacement parts are 5x more expensive on a luxury car. If you buy a new car with a warranty you can beat the hell out of it and if anything goes wrong you get it replaced for free.

Yea. I was lucky in my case. I got a '05 honda civic for 20 g's for 2.9 apr. I could've gotten it at 0 percent but they claim I had to show a previous installment on a car loan. I know they're lying but I took the deal anyway. Mine comes with 100,000 10 year warrenty. I still owe about 13000 but I am saving up to pay off the stupid f*cker this year. Try to buy a used car with a good engine. It is worth in the long run.

 

[djbr]

Fools kept kicking my glovebox until it broke the hinges - so I'm bitter.

Seriously, sh!t NEVER goes wrong compared to American cars. Which is why the stuff is higher priced. Service shops have to keep the lights on. Fewer breakdowns = fewer repair shop customers = higher prices Simple.

Shoot, eminem beat me to the "Besides, what do you need a new car for? What's wrong with the one you have?"

The last TWO cars I had some fvcker broke the glove box. Thank god for scrap yards.

And I love how american youngsters have those HARD choices like... "should I own a new chevrolet or an old BMW?" -- DAMN! A old BMW here costs the same amount of a new chevrolet. Chevrolet sucks around here too, but sells like hell because there are not many good options. The ones we have are foreign and high priced.

New cars are a trap. At least here in Brazil. We're led to believe that they have zero maintenance and stuff, but after 1 year the sh1t starts breaking like hell. I am fine with my 1991 car, it gets broken from time to time but it costed like 1/8 of a new car with the same engine power. Fine isn't it? And I like the design of it also! It has some bodywork to do, and I have to put new seats... but that's stuff I can do slowly. It runs fine and have good gas mileage (here we measure in kilometers, but nevermind).

If I were you, I would buy the BMW and fix it slowly. When the paying ends, you'll have a nice car and you can use the money to finish the fix session. Then, it's all happiness and sometimes you visit the repair shop.

I am in another country but if I were to compare with the cars that goes around here, Chevrolet just plain sucks.

As some old car club around here says... "Quality does not age".

 

[Vulpine]

I am in another country but if I were to compare with the cars that goes around here, Chevrolet just plain sucks.

As some old car club around here says... "Quality does not age".

American cars are notorious for "planned obselecence". That is, certain parts are actually engineered TO fail after a certain period.

It's not conspiracy theory, it's fact.

There is the arguement "Well, they just get so crazy cutting cost that they build some things a little too cheaply".

Ok, I'll buy that. Then, the outcome is the same. So you are arguing the same case for me: American cars are junk and break.

American consumers are so naiive and "consumption crazy" that American automakers feel that they can build cars like disposable appliances. American auto companies really get by on selling the name and flying the flag - not on selling a quality product.

 

[djbr]

American cars are notorious for "planned obselecence". That is, certain parts are actually engineered TO fail after a certain period.

Damn!! What parts? I've heard nothing about this here. Old cars are expensive here... new ones really are for a few. If they were to do it people would start buying even older cars... it's common here to have 20, 30 years old cars running smoothly.

How much do americans pay on a 1970s bug? A OK one here costs 1400 dollars more or less.

There is the arguement "Well, they just get so crazy cutting cost that they build some things a little too cheaply".

Ok, I'll buy that. Then, the outcome is the same. So you are arguing the same case for me: American cars are junk and break.

The american brands made in Brazil break like hell. The japanese brands are the best, but they do not have a "cheap line" around here. The cheaper product they have costs the same of a middle priced Chevrolet.

American consumers are so naiive and "consumption crazy" that American automakers feel that they can build cars like disposable appliances. American auto companies really get by on selling the name and flying the flag - not on selling a quality product.

We are jumping on that boat too. I would say it's getting easier for the car companies, but hey, the japanese people is watching... GM is just getting fvcked now.

The american car companies are getting fvcked in america. They just get good results in countries like mine... because we do not have many options.

Here in Brazil Honda/Toyota is famous for just not breaking! You change the oil, ocasionally visit the repair shop just for some checking, and it's riding fine! But it's not cheap...

 

[Vulpine]

When I had a shop, I heard that a woman put 200,000 miles on a Toyota Supra before it quit running.

I was like, "200k? Big deal. I've got 300k on each of my Hondas and they still purr."

"No dude, she didn't know that she had to change the oil. 200,000 on the original oil before it quit running."

 

[djbr]

When I had a shop, I heard that a woman put 200,000 miles on a Toyota Supra before it quit running.

I was like, "200k? Big deal. I've got 300k on each of my Hondas and they still purr."

"No dude, she didn't know that she had to change the oil. 200,000 on the original oil before it quit running."

Damn...

I know some Honda owners who changed the oil like 1, 2 times. Of course they haven't still reached this high mileage, but as far as I know, their cars are still running.

The japanese carry their quality worldwide... although my car is from an American brand (and I love it, might add), if I were to buy another one I would sure go Japanese. As the auto market in Brazil opened around 1990, the first Honda's came in 1992/1993. Sadly, they're still expensive for a cheap bastard like me.

A 1993 Honda costs here 2,5X what my 1991 american brand car cost. To top it off, my american brand car is made in Brazil, and the Honda is the first series one, imported from don't-know-here (I guess it's America). I don't know about USA, but here, foreign made autos depreciate much more.