Yep, I found a couple that are really good, and am working that angle right now.
What colors and transmission are you looking at?
I like the gun metal, and would like the manual, but Iâll settle for the auto if I can find it. Iâm speaking to this dealer right now:
I saw this over the weekend and am speaking to Chris over there to get the best deal.
I never heard of the âtrack packageâ, I understand there was a version released in the netherlands, but canât seem to find something here.
If you really want the MT, get the MT. Cherry on top is that it should hold its value better (rarerâŚI just did a search within 500 miles and only 4 of 100 were MT)
Have you seen this one?..Mineral Gray + MT. Much closer to you than the one in TX
I did see that one, I know it sounds horrible, but if Iâm buying I really donât care for the red interior. I think the reds in the 4 series are so much deeper, this red looks like a tomato. Also, Iâm really not cool enough to have a car with a red interior, and changing my whole personal to be âthatâ guy could be a challenge for an old fart like me.
BMWâs Coral Red always looks horrible in pictures and much better in person, but I hear youâŚsome things are just not âmeâ
âbecause one can hardly ever access all the equity in a desirable car after leasing it. You can only sell to a dealer, not to a private party without registering/titling it first in your own name. In most states you would have to pay tax in order to do that, which kills the profit you are trying to make.â
This is just about all wrong, especially with BMWâs. I am not sure how states that charge tax on the lease handle it but states that charge tax on the lease up front you can buy the car without paying additional tax, and with BMWâs you can buy it out at just about any time, you may also sell to carmax or another individual.
If you re-read what I wrote, you will see you have contradicted none of the salient points.
âstates that charge tax on the lease up frontâ: states that charge tax on the full value of the car are just a handful. The majority of states do not. Hence why I wrote âIn most states,â you cannot title the car in your name without paying sales tax on the carâs value at that time.
âsell to Carmaxâ: Carmax is a dealer.
âsell to an individualâ: You cannot do that until you title it in your name (it is not titled in your name while you are leasing it). As mentioned above, titling it in your name in most states will cost you (via TTL) a large portion of the equity you are trying to extract.
This has nothing to do with BMW or BMWFS. You can buyout a lease at any time from most, if not all, leasing companies. It is about the costs of titling and registering in most states.
You are correct, i did misread, but you can sell a bmw to anyone though, carmax or joe smith down the street doesnât matter. Joe smith will have to pay taxes but you will not. I live in a tax up front state but i am pretty sure you can buy the car at the end of your term and the monthly taxes paid will be applied to any taxes due at the time of the sale. The only exception to this is Texas (there may be one other state), which is why bmw has owners choice available in texas, to avoid double tax. Again i am not an expert on tax laws in every state but if what you say is true what does bmw only offer owners choice in Texas (and maybe one other state)?
If you are talking about BMWFS in a âfull taxâ state, you are most likely talking about Ownerâs Choice or Select. That is technically not a lease. It is a purchase financed by a loan amount (equal to depreciation + rent), with a balloon payment at the end in place of a residual. Thus the payments are the same as a lease. And there is a turn-in provision under OC (you can return the car and walk away after the 2yr or 3yr term) but not under Select, IIRC.
When you own a car and have title to it (which is what OC is), of course you can do what you want and sell it to whoever.
You might be able to find a state that does this, but it is quite unlikely. Because then the state would lose out on a huge amount of tax revenue. Say a state that operates like this charges 8% tax
A> Purchase new car at $50K: state gets 8% of $50k or $4,000 in tax revenue.
B> Lease same car (say same selling price, 60% RV, .00001 MF): state charges tax on lease payments ($20K) = $1,600. If you buy the car at lease end, why would they apply that 1600 to the taxes you owe now? They would be short-changing themselves 1600? And people would game the system by leasing first even when they intended to buy, just to save on taxes.
Ok I see what you are saying, but from my perspective (all tax paid up front) anything you donât pay up front but then pay later on the residual value seems like a deal to me.
Lets do some sample math,
Lease a new bmw for 40K, lease payment 400/mo, and then at the end of the lease buy it for 22k (i know the RV is higher but hopefully no one buys at RV)
At 7% Tax
All Up front 2800
Monthly + Residual
28/mo * 36 mo=1008
22,000 * .07=1540
Tax savings of $252
As a 340i owner I would implore you to consider a 240i rather than the 235i.