Buy or Lease W211 E55?
01-13-2003, 09:17 PM
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Porcelain Bus
Buy or Lease W211 E55?
If I plan to keep the car for 3-4 years and put 10,000 miles a year on it, what do you E55 owners suggest I do-finance with $10,000 down or lease on my business with $0 down?
Let's assume a purchase price of $80,000.
I don't plan on doing any mods except window tinting. What are your experiences with the W210 concerning these issues and cost of ownership?
Let's assume a purchase price of $80,000.
I don't plan on doing any mods except window tinting. What are your experiences with the W210 concerning these issues and cost of ownership?
Last edited by Dr Chill; 01-13-2003 at 09:19 PM.
01-14-2003, 12:25 PM
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CLK55, Mini S
Dr. C - I'm having the same thoughts. I paid cash for my CLK55 and its resale sunk like a rock. But I think the sedans hold value better. I may just put $10k-$30k down and finance the rest since rates are so low. Keeps my cash with me and it will be unlikely I would ever owe more than it is worth if I'm only keeping it a 3-5 years. Kind of a self-lease, and less complicated to dispose of the car, should I want or need to.
When do they tell you that you will be able to spec out your car and what about delivery dates?
When do they tell you that you will be able to spec out your car and what about delivery dates?
Last edited by hmrdwn; 01-14-2003 at 12:28 PM.
01-14-2003, 01:05 PM
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Dr. Chill,
I would lease. There is minimal out of pocket, and right now the residuals on the Benzs are pretty good (low to mid 60s % for 36 to 39 months). I leased my SL500 for my girlfriend..I also have a deposit on an E55...good luck!!!
I would lease. There is minimal out of pocket, and right now the residuals on the Benzs are pretty good (low to mid 60s % for 36 to 39 months). I leased my SL500 for my girlfriend..I also have a deposit on an E55...good luck!!!
01-14-2003, 07:49 PM
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2001 E55 & 1988 BMW M6
Re: Buy or Lease W211 E55?
Originally posted by Dr Chill
If I plan to keep the car for 3-4 years and put 10,000 miles a year on it, what do you E55 owners suggest I do-finance with $10,000 down or lease on my business with $0 down?
Let's assume a purchase price of $80,000.
I don't plan on doing any mods except window tinting. What are your experiences with the W210 concerning these issues and cost of ownership?
If I plan to keep the car for 3-4 years and put 10,000 miles a year on it, what do you E55 owners suggest I do-finance with $10,000 down or lease on my business with $0 down?
Let's assume a purchase price of $80,000.
I don't plan on doing any mods except window tinting. What are your experiences with the W210 concerning these issues and cost of ownership?
I think one of the few negatives is the relatively high money factors that mbcc offers [>5%]; still historically low finance rates for the auto industry, however.
Whether you lease or finance, let us know what sort of terms you end up with -
01-14-2003, 10:27 PM
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Originally posted by hmrdwn
When do they tell you that you will be able to spec out your car and what about delivery dates?
When do they tell you that you will be able to spec out your car and what about delivery dates?
Thanks to all who replied. I originally thought I would keep the car for 6-7 years making purchasing the car more cost effective, however, I can't see myself not wanting a new vehicle in 3-4 years. I agree the tax advantage with lease seems to be preferable.
