Glad to hear it, hope you love the car. I think buying over leasing was especially good in your case since you might want a 2007 when they come out. You don't want to be locked into a lease and wanting another car. No fun.

What are you going to get?

 

^^+1, I agree, good choice on deciding to buy, because when the '07 come out odds are you will want one. That is why I am waiting until the new ones come out to try and pick one up.

 

i have no desire for an 07 at this point. if i do get rid of this car that soon it will be because i am upgrading to something like an m3, not for a newer G.

i got a 06 Diamond Graphit on Graphite, Nav, Premium Package, and Aero.

 

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Thats one of biggest misconception about leasing, I think you have to pay termination fee only if you actually retrun the car and just decide to walk away, you do NOT have to pay termination fee if you have satisfied your "payoff" amount, either by selling it or trade it in, as long as you paid the "payoff" amount, there will be no termination fee, as I have sold one lease and traded other one in, there are no any other fee to be paid.

Not say anyone should choice lease over purchase, just need to do whatever "they" feel comfortable, but there is one other thing to consider, sometime the manufacture will offers an good lease deal (high residual and low M/F)try to help the dealership to move the car on the lot, again not saying that they dont offer samilar deal on the purchase, like low interest rate but its usually not easy to qualify.

 

buying is so last millenium... get a lease

 

The payoff amount is usually the remainer of the lease isn't it? Everyone I know personally who got out of a lease early either had to pay a termination fee or they had to bascially pay off the lease which was the exact amount of the rest of their lease payments. This is usually rolled into the new car purchase/lease price.

So lets say your in a three year $300/month lease and after two years you want to upgrade to a G35. You can either terminate the lease early for ~$2500 or payoff the lease for ~$3600. They do subtract some mileage or something from that number, but from what I've seen, it's minimal. Isn't this what your talking about when you're referring to "payoff amount"?

I agree, they give some good insentives for leasing. I don't think they're good enough that someone who can buy should lease instead, but they cause a lot of people on the borderline to lease.

 

Not excatly, after you sign the paper for lease, from that point forward? the lease work just like if you had purchased, you are paying down toward "principle" every month, in your example, if you decide to give up your lease that you need to pay excat amount of monthly payment for the reminder of the lease payment, it isnt true, first of all, you do not pay the interest and sales tax on the remining amount, just the principle plus the residual amount.

When you purchased and decide to sell it, after you sell it, do you still pay the interest on it? and keep in mind, when you lease? you do pay interest on entire "lease" or "sale price" amount, so the amount that you actual owe? is quite a bit less than the combined monthly payment.

If they roll the "lease" into next contract? its becasue "they" didnt get enough for their car or they had pay too much for that car began with, not because they have to pay the remining of the lease payment.

*edit* -- Sale's tax is main reason that lease will come out bit ahead of purchase if you decide to get rid of your car after 2~3 years, if you purchase a car for 35k and you sell it next month for 35k? you will still be oweing the sale's tax, some state might allow you to deduct it when you trade it in or some other way, but in Cali, we dont have that luxury, thats mean I will be 3062 dollars in a hole when I sold it for 35k very next month, but when you lease? you are only paying sale's tax on the monthly payment and none on the residual.

 

^
Words

 

Off topic, but what kind of car in you avatar?

 

Future 4 door m3