I had to be realistic with the current market and what I actually like. I would love to be in this car for $700/month. Most dealers are quoting me over $1000 per month and most brokers about ~$200 less. I’m not sure I’ll be anywhere near a “hack” with these prices and my preferences. I’ve been anywhere from 7-8% off with brokers but finding something nearby that I don’t have to wait for and pay for shipping with is probably the best option. Also any broker that I’ve spoken with can tell you how picky I am about my specs.
I’ve tried to fall in love with better leasing cars such as the A5, the X3, or the 330i. Unfortunately this is the only car I like all around. Yea there are other cars such as an M8 or A7 that I would absolutely love but their payments would be worse. I’ve been searching since June and I’m ready to get out of my Honda. It’s been 3.5 years. I’ve considered everything from Lexus to Tesla to MB to Audi. I just can’t find anything I like outside the 430i. And like most people here I don’t want to buy a car because I don’t like staying in them that long. I can’t hop on the EV train just yet due to the charging infrastructure so here we are.
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I dont think anyone has discouraged you from getting this car.
Reading that reply objectively - it’s more asking if you want to pay $32k over 3 years leased on a $55k car?
Are you writing the entire thing off as a business expense?
Would you consider financing it?
I don’t think he’s pushing you to another car - just opening your eyes to what you’re paying vs what you’re getting…
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I remember when this forum criticized anything under an 8.0 leasehackr score.
Yes if it’s the car someone’s loves they should get it over another car they don’t want - doesn’t mean they have to lease it brand new or avoid helpful suggestions or alternatives
Last I checked this was leasehackr not brokerhackr.
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I don’t have a problem with people critiquing deals, nor do any of these posts effect my business, I am just tired of it on a personal level, we get it, “most cars don’t lease well”, but some people don’t care, they just want to lease their car and be done with it.
Short of something egregious like a 50k car that you pay 40k for on a lease, we don’t need to keep doing this routine over and over again. Some people want a certain car and they want to lease it, and we can objectively say XX% is a good deal, whether or not the car is a perfect candidate for leasing is another matter.
OP clearly wants THIS car, and he’s going to be saving at least 200/mo thanks to this forum.
Last I checked this was leasehackr, not personalfinancehackr
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This right here. Half the people who post here do literally zero research and are married to a base model car without knowing what else they can get for their money. The question of “are you sure you want to pay this much for this pos car?” Is tired because it’s the right response to about 50% of posts.
Sounds like OP has done their research and he’s not in the category above. But with a payment like that and this being a forum dedicated to lowering TCO, it’s not unfair to post questioning whether it should be leased or financed.
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Then I recommend buying it via cash or the best captive or CU financing you can find.
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I think for most people who come on here and ask for advice, it’s also personalfinancehackr. Not everyone is married to the car like OP is and I think being able to help them realize there are better options if they aren’t, is a good thing.
You clearly missed the announcement that this site is indeed dedicated to personal finance hacking of many types, not just leases. Or did you not frequent the site before 2021?
I agree but unless an OP says otherwise it’s still a fair assumption that they don’t know jack shit. Again this doesn’t apply to OP.
For example the deal below from a really great broker around here. Shouldn’t someone be aware they can save $200 by driving the same car with 2 extra doors? I’m in love with the Raptor R but I happily drive my $340pm Nissan Frontier and pocket the rest of my money.
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Oh wow you totally owned me on a technicality, I’ll leave now.
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You replied to the wrong person.
No, I only want to lease, not interested in financing or buying cash.
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Then there’s not much you can do here, just lease it.
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“Last I checked this was leasehackr not personalfinancehackr”
The biggest benefit of a lease to this forum is getting value for your money on German leases or stupid cheap Japanese/american car leases, which admittedly are the old days - long gone.
What makes this place special is that it is not like r/askcarsales which you seem to be a part of, and not r/personalfinance either.
It is VALUE for your money
Whether it was 30k/60k/or even 100k+ car.
That’s why there is a leasehackr score - to make sense if it is a good lease or consider financing/buying it.
We aren’t expecting all cars to have 10 LH score as the standard anymore, but getting below 6.5 LH score on a “basic” car (non exotic) is objectively bad
“ Leasehackr is a community-powered resource dedicated to car leasing and automotive financial literacy. ”
Automotive financial literacy - which is why this isn’t brokerhackr
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You keep throwing up this straw man as if no one will see right through it. The OP’s deal was egregious enough. Could it have been much worse?
Oh we’ll keep doing this “routine” as long as sales people in the industry insist on gaslighting consumers.
Then just lease it.
You did your research and check the marketplace and the broker to compare your deal against and if they beat it go with them.
Enjoy
I don’t necessarily disagree with you @giveleaseplease
I do it all the time, I’ve prevented plenty of people from making stupid financinal decision, but still while respecting the boundaries of what they want.
How about this?
I think there is a better way to handle it than a snide “how does leasing an xx,xxx car for xx,xxx benefit you”? Which by the way, I like this newly invented rule where we go off of selling price and not MSRP.
If you’re going comment this on every BMW/ICE post basically, let’s at least get a new one of your template posts going that’s HELPFUL.
It comes off as rude, and if you truly want to help newbie’s, I think they’ll be better helped by a post explaining the TCO and that there are other options like traditional or balloon finance versus just “lol why are you leasing a 40,000 car for 20,000”.
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Yea, he could have paid 1,000/mo for the same exact car because he didn’t come on here and do his research and figure out what a good deal on a lease is for this specific car.
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