How many of you own your cars or finance, lease?

E90T · 12-08-2006, 03:42 PM

0wn3d!

Go!

E90T · 12-08-2006, 03:43 PM

Also, if your car was bought for you for Christmas or by your rich parents don't post in this thread.

littleyellowm3 · 12-08-2006, 03:49 PM

you seem to be the only one with a real problem with that.

ScheerSpeed · 12-08-2006, 03:53 PM

lease

obLu · 12-08-2006, 03:56 PM

Who cares.

E90T · 12-08-2006, 03:57 PM

Quote:

Originally Posted by Philritter21

you seem to be the only one with a real problem with that.

It is my personal opinion that I have no respect for people that get things handed to them for doing nothing. I'm allowed to think whatever I want.

mrringodi · 12-08-2006, 04:01 PM

Finance

Carnage · 12-08-2006, 04:07 PM

bought mine with drug money

ahaxton · 12-08-2006, 04:08 PM

I financed my car by myself.

I don't have anything against people who were handed their BMW's. I have no jealousy whatsoever towards that. Don't need added stress lol.

TommyBahama · 12-08-2006, 04:27 PM

my parents owed me this car. ive been the best son in the world for the past 21 years.

liquid · 12-08-2006, 04:45 PM

financed about half

RiXst3r · 12-08-2006, 04:49 PM

lease...
mostly because its a first model year car...
after the lease, I will probably order a 2010 335i... hopefully they have the ZHP, or M Tech version of the 335 out by then...

RiXst3r · 12-08-2006, 04:59 PM

wow, everyone is really upset about the whole rich parents thing... (personally, I have worked since i was 14, paid for my own cars...)

All I can say is... people with rich parents ussually end up being rich themselves... eventually on their own income... so whats the big deal about getting a leg up?

canucklion · 12-08-2006, 05:01 PM

+1

no one so far is upset except E90T, who thinks that people having cars bought for them are somehow not worthy

Quote:

Originally Posted by RiXst3r

wow, everyone is really upset about the whole rich parents thing... (personally, I have worked since i was 14, paid for my own cars...)

All I can say is... people with rich parents ussually end up being rich themselves... eventually on their own income... so whats the big deal about getting a leg up?

John 070 · 12-08-2006, 05:02 PM

Put about 1/2 down (slightly less) and financed the rest.

I was going with Capital One, but a friend asked me why I wasn't doing a credit union. So I got 5.75% with the credit union, and the dealer beat that with 5.5% for 63 mos. Wonder what would have happened if I told the dealer I got something lower with the credit union, they probably would have beat that again. Very interesting to me, that one can even negotiate an interest rate.

E90T · 12-08-2006, 05:11 PM

Quote:

Originally Posted by canucklion

+1

no one so far is upset except E90T, who thinks that people having cars bought for them are somehow not worthy

I'm not upset, this is my personal opinion. Plus the whole meaning of this this thread was to get a general idea on how many people own, finance or lease their cars. I personally wouldn't count people that received a car as a gift becase they are not actually paying for it. It seems the only people that are upset are the ones who have rich parents who I asked not to post in this thread. Sorry If I offended you, but again this is my personal opinion.

mechanicallion · 12-08-2006, 05:15 PM

first-time leasee...when the 4-door M3 comes out, i'll probablylease again

williamf · 12-08-2006, 05:17 PM

Wow everyone needs to calm down.

E90T may have made a broad statement that is not always true, but there are certainly a lot very good and respectable people out there with his same feelings. I don't think he was personally attacking anyone. On-the-other hand, all the guys that resort to flaming him, I think are the ones with insecurity problems.

There is no need to call him or anyone else an "ass". Why don't we follow the forum rules. I makes for a much more enjoyable experence.

As for me, I leased my 335, but I could have paid cash. I did it because it seemed like the best thing to do from a TOC perspective and an opportunity cost perspective.

user1 · 12-08-2006, 05:23 PM

Quote:

Originally Posted by williamf

Wow everyone needs to calm down.

E90T may have made a broad statement that is not always true, but there are certainly a lot very good and respectable people out there with his same feelings. I don't think he was personally attacking anyone. On-the-other hand, all the guys that resort to flaming him, I think are the ones with insecurity problems.

There is no need to call him or anyone else an "ass". Why don't we follow the forum rules. I makes for a much more enjoyable experence.

As for me, I leased my 335, but I could have paid cash. I did it because it seemed like the best thing to do from a TOC perspective and an opportunity cost perspective.

+1

Also, this thread should have been a poll.

MBrown1003 · 12-08-2006, 05:26 PM

Last car I owned was a 1985 Peugeot 505 Turbo. I started leasing after that. I started working with a financial advisor after that.

Last time I asked my financial advisor what to do, it was very interesting. It was when the lease on my first GTI was ending and I was looking into getting the second one (which is the one I'm replacing now). My advisor recognizes that cars are important to me, and has never tried to talk me out of them.

I figured he'd say that my best bet was to buy it using a home-equity line. Nope. His reply, "You like to get new cars every few years. Lease this one. At the end, it just goes back to them, and you don't have to worry about what it's worth and having to sell it. It's easier." He was right. The car goes back to Volkswagen on February 12, and I don't have to worry about it.

The point here is that the right answer is that there is no one right answer. It depends on your tastes, preferences, biases, budget, etc.

williamf · 12-08-2006, 05:32 PM

MBrown 1003,

Well said

Getagrip · 12-08-2006, 05:38 PM

I put more that half the car price in down payment, financed the rest.

12-08-2006, 03:42 PM	#1
E90T Captain 44 Rep 749 Posts Drives: E90 Join Date: Aug 2006 Location: Canada iTrader: (0)	How many of you own your cars or finance, lease? 0wn3d! Go! __________________ Sapphireschawarz E90 335 /// Sports Package /// Terra-Dakota-Aluminium /// Comfort Access /// Steptronic-Paddles /// Discharged in Halifax
	Appreciate 0 Tweet

12-08-2006, 03:43 PM	#2
E90T Captain 44 Rep 749 Posts Drives: E90 Join Date: Aug 2006 Location: Canada iTrader: (0)	Also, if your car was bought for you for Christmas or by your rich parents don't post in this thread. __________________ Sapphireschawarz E90 335 /// Sports Package /// Terra-Dakota-Aluminium /// Comfort Access /// Steptronic-Paddles /// Discharged in Halifax
	Appreciate 0

12-08-2006, 03:49 PM	#3
littleyellowm3 Second Lieutenant 38 Rep 215 Posts Drives: MR E90 M3 Join Date: Nov 2006 Location: NC iTrader: (0)	you seem to be the only one with a real problem with that. __________________ Melbourne Red E90 M3 - E39 540i The original user of the animated Bert and Ernie avatar. Except no substitutes.
	Appreciate 0

12-08-2006, 03:53 PM	#4
ScheerSpeed Major General 415 Rep 5,767 Posts Drives: '13 F30 Estoril M-Sport 335i Join Date: Sep 2006 Location: Miami, FL iTrader: (14)	lease
	Appreciate 0

12-08-2006, 03:56 PM	#5
obLu Major 50 Rep 1,159 Posts Drives: 330i 6MT ZSP Join Date: Jun 2005 Location: Kirkland, WA, USA iTrader: (1)	Who cares.
	Appreciate 0

12-08-2006, 04:01 PM	#7
mrringodi Second Lieutenant 12 Rep 213 Posts Drives: e90 M3 Join Date: Sep 2006 Location: Los Angeles iTrader: (0)	Finance
	Appreciate 0

12-08-2006, 04:07 PM	#8
Carnage Lieutenant General 341 Rep 16,407 Posts Drives: people insane Join Date: Jun 2005 Location: classified iTrader: (2)	bought mine with drug money
	Appreciate 0

12-08-2006, 04:08 PM	#9
ahaxton Private 2 Rep 65 Posts Drives: 2007 Titanium Silver 328i Join Date: Nov 2006 Location: Atlanta iTrader: (0)	I financed my car by myself. I don't have anything against people who were handed their BMW's. I have no jealousy whatsoever towards that. Don't need added stress lol.
	Appreciate 0

12-08-2006, 04:27 PM	#10
TommyBahama Second Lieutenant 11 Rep 258 Posts Drives: e90 330i Join Date: Oct 2006 Location: Umass iTrader: (0)	my parents owed me this car. ive been the best son in the world for the past 21 years.
	Appreciate 0

12-08-2006, 04:45 PM	#11
liquid Lieutenant 67 Rep 583 Posts Drives: graphite 328i E92 Join Date: Aug 2006 Location: South FL iTrader: (1)	financed about half
	Appreciate 0

12-08-2006, 04:49 PM	#12
RiXst3r 274 Rep 6,510 Posts Drives: M235i Join Date: Sep 2006 Location: Ohio iTrader: (14)	lease... mostly because its a first model year car... after the lease, I will probably order a 2010 335i... hopefully they have the ZHP, or M Tech version of the 335 out by then...
	Appreciate 0

12-08-2006, 04:59 PM	#13
RiXst3r 274 Rep 6,510 Posts Drives: M235i Join Date: Sep 2006 Location: Ohio iTrader: (14)	wow, everyone is really upset about the whole rich parents thing... (personally, I have worked since i was 14, paid for my own cars...) All I can say is... people with rich parents ussually end up being rich themselves... eventually on their own income... so whats the big deal about getting a leg up?
	Appreciate 0

12-08-2006, 05:02 PM	#15
John 070 Lieutenant General 1705 Rep 14,829 Posts Drives: 335i cpe Join Date: Oct 2006 Location: ZSP/ZPP/ZCW iTrader: (0)	Put about 1/2 down (slightly less) and financed the rest. I was going with Capital One, but a friend asked me why I wasn't doing a credit union. So I got 5.75% with the credit union, and the dealer beat that with 5.5% for 63 mos. Wonder what would have happened if I told the dealer I got something lower with the credit union, they probably would have beat that again. Very interesting to me, that one can even negotiate an interest rate.
	Appreciate 0

12-08-2006, 05:15 PM	#17
mechanicallion Enlisted Member 2 Rep 47 Posts Drives: Jet Black 330i Join Date: Mar 2006 Location: Bethesda, MD iTrader: (0)	first-time leasee...when the 4-door M3 comes out, i'll probablylease again
	Appreciate 0

12-08-2006, 05:17 PM	#18
williamf Audi Convert 9 Rep 362 Posts Drives: Past: 335i Now: TTRS stage 2+ Join Date: Nov 2006 Location: Houston iTrader: (0)	Wow everyone needs to calm down. E90T may have made a broad statement that is not always true, but there are certainly a lot very good and respectable people out there with his same feelings. I don't think he was personally attacking anyone. On-the-other hand, all the guys that resort to flaming him, I think are the ones with insecurity problems. There is no need to call him or anyone else an "ass". Why don't we follow the forum rules. I makes for a much more enjoyable experence. As for me, I leased my 335, but I could have paid cash. I did it because it seemed like the best thing to do from a TOC perspective and an opportunity cost perspective.
	Appreciate 0

12-08-2006, 05:26 PM	#20
MBrown1003 Eight Bimmers and counting 35 Rep 761 Posts Drives: 2014 F10 M5 Join Date: Nov 2006 Location: Massachusetts, USA iTrader: (0)	Last car I owned was a 1985 Peugeot 505 Turbo. I started leasing after that. I started working with a financial advisor after that. Last time I asked my financial advisor what to do, it was very interesting. It was when the lease on my first GTI was ending and I was looking into getting the second one (which is the one I'm replacing now). My advisor recognizes that cars are important to me, and has never tried to talk me out of them. I figured he'd say that my best bet was to buy it using a home-equity line. Nope. His reply, "You like to get new cars every few years. Lease this one. At the end, it just goes back to them, and you don't have to worry about what it's worth and having to sell it. It's easier." He was right. The car goes back to Volkswagen on February 12, and I don't have to worry about it. The point here is that the right answer is that there is no one right answer. It depends on your tastes, preferences, biases, budget, etc. __________________ 2014 F10 M5 Previously... Threes: '08 E90 M3, '07 E92 335i, Fives: '11 F10 550i, '02 E39 M5, '00 E39 540i/6, '97 E39 528i, '92 E34 525i Others: VW, MBz, Peugeot, Toyota, Olds
	Appreciate 0

12-08-2006, 05:32 PM	#21
williamf Audi Convert 9 Rep 362 Posts Drives: Past: 335i Now: TTRS stage 2+ Join Date: Nov 2006 Location: Houston iTrader: (0)	MBrown 1003, Well said
	Appreciate 0

12-08-2006, 05:38 PM	#22
Getagrip Get a grip. Get Xdrive. 14 Rep 529 Posts Drives: 330xi Join Date: Jan 2006 Location: Anchorage, Alaska iTrader: (0) Garage List 2006 330xi [0.00] 2003 330xi [0.00]	I put more that half the car price in down payment, financed the rest. __________________ 2006 330xi current
	Appreciate 0