I want to lease an m550, at the least 530i. I was thinking of putting 15k down to lease the m550 to get a payment i like. Starting to ponder…is the wiser move to buy a CPO? I just worry about depreciation. Will that 15k still be in the car come time to sell? Especially with all the talk of a used car market collapse. I love leasing brand new cars. Any thoughts appreciated, just thinking out loud. Cheers
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If that actually does happen, you’ll wash out any equity you have one the new car lease.
One word in response to that down payment being crazy: yes.
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Hire a reputable broker from here and listen to his advice before making a bad financial move yourself .
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Please dont do that
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Yes. Yes, you are.
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Okay so do i buy current generation CPO, or lease with much less down and higher payment…
You are absolutely certifiably bonkers to even think about putting $15-$20k down on a lease.
If you have cash laying around that you want to use to reduce your payment, use it for max MSDs (might get 8-10% back on your money, annually).
First payment, security, and dmv is all anybody should ever pay at lease signing. Even acquisition fee should be rolled in. Never, ever pay capitalized cost reduction (aka “down payment”).
Stop thinking about the payment that comes out of your bank account every month and start looking at effective monthly payment or TCO (total cost of ownership).
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You should read the leasing 101 section and refresh yourself.
Also what payment are you looking for that you needed to put down 15-20k
If i leased, 600s, if i bought maybe 700s but prefer to be in the 600s
Don’t ever put any money down on a lease, ever. That money is gone if you crash the car. Down payments only belong on purchases.
Yeah for 700 a month you’re gonna be putting more than 30k down for a finance.
Are you open to other options?
How’s a balloon loan look? Lower payments, flexibility of ownership but can still toss the keys back at the end and not worry about depreciation
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Let’s get some memes rolling
OwnersChoice? Same RV as lease iirc, just different loan rates (Which are sky high rn).
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On an M550i? A post LCI will be at min 60k, so you’d be looking at putting 10-20k down at that # probably.
Pencil out a one-pay lease.
By the time you put down $15,000 and 7 MSDs you’re going to be most of the way there anyway.
You get the MSDs back at the end, and no monthly payment.
Whatever you do, don’t lie to yourself that you have a $700 payment when you prepaid the other ~$450/month upfront.
[I didn’t actually do the math on what a lease on this vehicle should cost, that’s just for illustration.]
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These kinda threads are usually a big red flag
That you don’t have permission from the parent or spouse whose approval you need to spend the effective monthly, so the massive CCR is an attempt to hoodwink them
Or the mental gymnastics are for one’s own brain, because said brain would actually freak out at the effective monthly if it was the contractual monthly
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It’s def going to be a much larger spread to finance vs lease unless you are doing some kind of ridiculous long term financing like 84 months.
What everyone is telling you is that’s it’s very apparent you don’t understand the concept of present value of money and how putting 15k down and having a 600 dollar payment is not the same thing as putting 0 down and having a 600 dollar payment. As such you’re probably going to get taken advantage of and make a really bad deal or put yourself at risk, simply to rationalize having a lower monthly payment.
There is essentially no difference between a 600/mo lease payment on a 36 mo term with 15k down as a 1050/monthly payment with 0 down. Both of these are substantially different than a true 600/month payment.
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