04-21-2020, 03:20 PM | #45 | |
Second Lieutenant
356
Rep 239
Posts
Drives: 23 G80 M3 CS (BSM/Red/Gold)
Join Date: Jan 2017
Location: CT
|
Quote:
|
|
Appreciate
0
|
04-21-2020, 06:01 PM | #46 | |
Second Lieutenant
32
Rep 241
Posts |
Quote:
__________________
22 BMW M5 CS on order for August Production
20 BMW M5 Competition stage 1.5.... 09 Zenith R GTR CP 4.4 Stroked CP tuned..... |
|
Appreciate
0
|
04-21-2020, 08:53 PM | #47 |
First Lieutenant
149
Rep 391
Posts |
As noted many times above in this and other threads, nearly all high – end vehicles depreciate rapidly in the first few years. There are of course isolated exceptions, but they are just that.
When I picked up my 2020 M5C at the end of last November (fairly loaded with a good amount of carbon fiber and a MSRP of $131k), even after my negotiated discount the 36 month/10k or 12k mi. per year (can't recall, but I think it was 10k mi.), $-0- Cap Reduction Lease, at the Base Money Factor including California Taxes, was approximately $1850 per month ($66,600 over the Lease Term). I searched nationwide for 3 to 4 months for an acceptable combination M5C (including 2019 and 2020 models), and including low mileage used cars, and the Lease rates were really not that much better. And yes, I understand that there are certain tax advantages in leasing. In my particular case, this put the matter into perspective: if I wanted to dump the car in only a year or a few years, it was going to be expensive. On the other hand, if I purchased the car I at least had the option of selling the car when I wanted rather than relying on Lease Trader/Lease Hacker, etc. I have sold cars before with reasonably good success, but not after one year. So it really depends on the situation for each individual. |
Appreciate
0
|
04-22-2020, 03:30 AM | #48 |
Live for today tomorrow never comes
1989
Rep 9,498
Posts |
Many thanks.
__________________
Live for now, life is too short.
2021 LCI M5 Marina Bay Blue/ Smoked White Leather |
Appreciate
0
|
Post Reply |
Bookmarks |
|
|