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I started to really notice that little gas gauge and began to wonder about gas mileage. I was wondering if it's more efficient to accelerate slowly without too much throttle or to press harder on the throttle but get up to speed quicker.
Thanks,
AJL1000
I saved and planned for my car (’02 325i w/SP, HK, OBC, WP, Xenon’s, Moonroof) for two years, but once I signed the deal, the clock was ticking. I couldn’t wait any longer! That was over two years ago now and I love every minute in it.
You will not be disappointed!
-murray
Because it is her car, I'm more concerned about NVH. I'm with you...if it was my car, I'd be extremely happy to be upgrading. I don't think she'll have to worry about increased understeer, as she has never had the fun light (DSC) come on while driving the car. Tirerack shows them to be pretty good on ride, noise, treadwear, etc., but they are only comparing them to other max performance tires.
I guess I'm going to find out either way... They go on the car Friday. I guess if they are intolerable, she'll have to drive my Honda (insert evil laugh here).
regards,
kyfdx
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Although my dealer could find a part number for the boxes and mounting kits for my car (2004 330 CIC with sport seats) , he said that these items are not available in the USA. Evidently the kits and boxes for the standard seats are available. Has anyone out there installed the boxes on a convertible with sport seats ? What parts did you use and where did you get them ? Do they work for storing small items such as CDs etc.? If not available here can I order them on the internet from Europe ?
thanks,
Westmorland
thank
http://www.eurobuyers.com/accessory.html
Steve Diamond-the owner of Eurobuyers-is a good guy. He's honest, prompt, and has fair prices.
Note that you can access the factory installation instuctions at the bottom of the page.
This is really cool!
Anything in particular he should look for in terms of wear and reliability issues?
What is the next service interval for the car? 30k, 35k? What should be done at that point.
Thanks for any help.
regards,
kyfdx
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Generally I buy a new car every 4 years and pay about half cash and finance the rest over 4 years. That was in my 20's. Now I am married, single income and need 2 cars and have a mortgage and understand the value of cash in the bank (kids college, school etc.). So I think that leasing is a good way to go for the following reasons
1. Cash in the bank
2. Why sink cash into a depreciating asset every four years only to put more money down for a new one.
3. Good if the leased vehicle will have less than 12k miles per year
4. No worry about selling the car after a few years and getting ripped of on trade-in
5. Monthly car payments are factored into living expenses anyway.
6. Lease period lasts during warranty and free maint.
7. If I ever want to buy again, I will have plenty cash in the bank
8. Cash in the bank
Anyone see any compelling reasons NOT to lease a car besides the wear and tear issues during lease return? I would like to hear your opinions.
Thanks
The big advantage on the least can come from crazy low money factors. On my BMW I got a money factor that's the equivalent of 0.7% interest. At that rate, I'm essentially paying for what I use of the car. 15k miles a year for 3 years and my ZHP is only costing my $480 a month. I sincerely doubt the 330i I have will be worth 25k in 2006. BMW's problem.
There's my big issue with leases though...I tend to be harder on the car. I just don't care about the longterm so I do things I'd never dream of doing with an owned car. Just started the car? Redline it. Break-in period? does it matter in the long term? Not really. It'll be someone else's problem when it's out of warranty.
Leases can be great to get you in a more expensive car for less cash outlay. In the end though you're throwing cash away (unless you get a write-off).
Everything I've read about sound money management involves buying a used 3 year old car and holding it for 7-10 years. At 3 years the car's lost 40-50% of its value and cars are so well made today in general that most will last well into the 150k miles range. Additionally, certified pre-owned deals allow buyers to slide into cars and get a warranty.
Will I lease again? If the deal's as scary sweet as my BMW, sure. I'll drop 17k over 3 years and part ways with the car. There's no way I could have bought it and gotten away that cheaply in 2006.
On the flip side, my Mazda Pro ES had an msrp of 17.4k. I paid 11.3k. Even now with 8k miles on it, I'd be fine on a trade-in. The deal worked perfectly and it's a solid commuter car. I own it straight out and after the BMW's gone I'll still own this as my runabout. Plus when it comes time to shop for another fun car, I don't have to hurry as I've got the Pro as my backup.
I have narrowed my choice of a NY area body/repair shop to Habberstad BMW collision center and the Little Garage. Would anyone be able to recommened one over the other? Are there any advantages to taking it to an authorized center like Habberstad? Little garage has an excellent reputation and uses only OEM parts. Thanks for your advice.
Whether you lease or buy, you have to pay for the depreciation, maintenance, taxes, fees to acquire/dispose of and financing of the undepreciated portion of the car over the time period that you use it. Cash in the bank is not a good proposition if your lease has a money factor that translates to 8% financing while the cash you "saved" earns you only 2% in the bank. If you own the car, you probably wouldn't pay $500 for the couple of small dents on the rear bumper to be straightened out and repainted but if you leased it, the dealer may force you to pay that. Generally, if you drive few miles a year, keep the car clean, don't care to personalize it, like to have a new car every 3 or 4 years, and especially if you can write off the lease expense, it makes sense to look into leasing. A high lease residual makes leasing cheaper, although it usually reflects high residual value for the car from which you will also benefit as an owner. In the past 5 years or so, cars have been depreciating faster mostly because GM killed the used car market with its marketing programs for new cars. Historically, however, the consumer takes a bigger hit than the leasing companies if only because they write the rules. I agree with blueguy that "sound money management involves buying a used 3 year old car and holding it for 7-10 years". Buying new and holding for 7-10 years may be an even better option because you can order the car exactly the way you want it, you will be sure that it has not been flogged by a previous owner, and that it has been maintained properly. It may well end up costing you less long-term and allow you to enjoy it better.
PROS
1) If leasing incentives apply, interest may be cheaper than traditional financing. For example: 330i has effective lease rate of 2.4% vs likely finance rate of 4%.
2) If you trade every 3 years, your trade-in value is guaranteed.
3) If your car is damaged in an accident during the lease period, you walk away from it at end of lease with no "diminished value".
4) If you stick to 3 year leases, you are generally under warranty the entire time. (depends)
5) Generally, you never have to buy tires, batteries, brakes, etc.. This will vary with car and mileage driven.
6) Assuming you trade every three years, there may be sales tax advantages, especially if you live in a state where there is no credit for trade-ins.
CONS
1) You will have to buy a new car every three years. I used to lease both of our cars, but buying a new car every 1.5 years was just too much.
2) The acquisition fee negates some of the sales tax savings.. Kind of like paying points on a mortgage.
3) If you don't live up to the terms of the contract, it will cost you. You have no choice of not fixing dents, doing maintenance, etc.
4) Deciding to buy the car at the end of lease will likely mean you have paid more for it than you would have, had you bought it to start with.
5) Many more opportunities for the dealer to play with the numbers, driving up your costs unknowingly. You really have to do more research and take your calculator with you. I've almost made $900 mistakes, knowing exactly how it works.
6) Some states make leasing not such a good deal. Illinois comes to mind. I believe they have to pay sales tax on the entire car, even though only leasing it for 3 years. Also, the vicarious liability laws in New York and Connecticut are driving up fees there.
Usually, it comes down to the individual and the individual vehicle. If the lease deals are supported, like the 3-series are now, it makes a lot of sense to lease. For low residual vehicles (think Kia, Hyundai and some domestics) it rarely pays.
And, you aren't throwing your money away on lease payments.. The lease payment is made up of depreciation and interest. The same as a financed car payment. The difference is the lease attempts to match the actual depreciation with the amount of depreciation you pay each month. It is the real world cost of using the car.
regards,
kyfdx
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Wow, I've never owned a car with tires that would last over 20k miles, let alone 40!
Brave, yeah if you buy a car and hold onto it for 7-10 years, you should be fine. At that point you got the most out of it you probably could.
But your initial outlay was significantly more. My car brand new including ttl would have cost about 44k. By 2006 BMW optimistically predicted it'd be worth 25k (they're on crack). That's almost 20k in 3 years.
Even buying a 1 year old used car can save a buyer 15-20% off the the original sale price.
Uh...wait... I've had the car for 5K miles and I've already bought two sets of tires... That is another story, though.
regards,
kyfdx
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Cash down or high monthly payment, (if you have made the decision to lease) you're paying the same in the end anyway, cash down just buys down your monthly payment level - except for the interest you may have gotten on the cash in the bank. It's a marginal call for the most part on cash down or not. I prefer no money down except taxes and tags. Hey - you can drive a new bimmer for about 400 bucks a month.
One thing for sure...BMW is offering sweet leases in March and April...just got one with a .0165 money factor..that translates into less than a 4% APR. 12,00 annual miles. The residual value on my bimmer was 21,000+ after 36 months, which is far better than most leasing companies offered. The 42 month option is also attractive. Plus, maintenance on BMW is entirely free for the period of the lease.
Downside as noted by others is that the car will probably not be a good deal for me if i wanted to buy at the end of lease. Get in a lease if you want to turn over your ride for a new one every 3 years or so, and want to avoid the hassle of selling a used car. You do have to pay attention to terms of contract, keep the car in good shape, and pay (in my case 20 cent penalty miles if you go over the limit)...but at 1000 miles over thats only 200 bucks, and in my case i have a 7 year old car now with 70K miles, so i'm not too worried.
So obviously depends on your circumstances.
.0165 is a good MF now? I don't think I'll ever find another deal to match my .0003 MF
Blueguy - Completely agree on the 3 year old car as the most sensible. If I had any will power I would drive an 10K econobox for the rest of my life and die a rich (but unhappy) man. you did get a killer deal but I think in general BMW residuals make them good lease targets
Brave - I never mod cars and dont intend to put excess mileage on the car. The money factor is definately the key but it seems that money factors can be had lower than the loan interest if you are able to negotiate well.
Kyfdx - Thanks for you pro's and cons. your cons actually support leasing a BMW
1) We wont be replacing both cars every 4 years so I can handle it
2)Many have leased with close to $0 down on a lease
3) I fix my dents and dings on the cars I own so dont see why I wouldn't do it for a leased vehicle. cost of ownership. maintanence on BMW is covered through the term of the lease
4) Beauty of leasing is that I get a new one after 4 years. I would love to sell my 2.5 year old 325 and get a 330 but reason tells me otherwise :-)
5) Dealers love to take you anyway, just have to be careful
6)Non-issue in MD
Any more interesting insights from personal experience?
I have had tires show alot of wear at and before about that mileage.
In that case "you never have to buy tires, batteries, brakes, etc." is not one of the advantages of leasing. Maybe on a 24 month lease.
Not fun paying for replacement tires and not getting any use of them.
Never put money down for a lease, tuck that cap cost reduction away in a separate account and draw from it to supplement your monthly payments.
Read the fine print about end of lease fees that get you on the back end. We had to shell out end of lease $400 and $300 - $400 additional for my wife's old civic. (Additional was attributed to tires and more than 2 dings per panel.)
If you have any body repair work done covered by insurance (or not) make darn sure that it is quality work. The inspector knew full well that the civic had prop rod damage to the hood, and did the once over on the hood, fenders, etc. Prop rod is funny story... someone who shall remain nameless was used to domestics that have spring loaded hood. Prop rod on the car was placed just far enough back on the hood to allow for sufficient torque .. . .
Consider looking toward alternative financing routes... think credit union ... we financed the 330i on a 60 month loan at 3.03%
blueguydotcom: You got a great MF on your lease. How much money a month did it save you by putting down the MSDs? $480/month for your ZHP is a great deal!
I totally agree with you that "buying a used 3 year old car and holding it for 7-10 years" is the most financially sound way to go. With the way BMW design trends are going lately (E60), I'd love to pick up a 2 or 3 year old '04 or '05 330Ci ZHP a few years into the future. Maybe I wouldn't keep it for the said 7-10 years, but even if I keep it for 3 or 4 years I wouldn't have to outlay or loase as much money as if I were buying a new $40K+ BMW every 3-4 years.
In my relatively short 12 years of driving and car ownership I've owned 2 cars and leased 2 cars. I think the greatest things about leasing are that you don't have to worry about the cars and the guaranteed resale value. For the most part they're covered under warranty for the duration of the lease. I'd floor my '00 Saab 9-3 (Turbo) in the freezing temps of winter when merging onto the westside highway in NYC on my way to work.
When the lease is over you just give the car back. You don't have to worry about getting lowballed on your trade (it happens more often than not). No matter how much you think the car is worth because you waxed it every month and washed it every week and it is in showroom condition the dealer isn't going to give you whatever you had your hopes set on.
As far as those "wear and tear" damages thet we're afraid of:
I turned in my '98 Ford Explorer Sport with a 13" scratch across the tailgate where some talented hoodlum took my own rear wiper, turned it out, and used it to scratch my truck down to the paint. I was not charged a dime for this.
I parked my Saab on the streets of Manhattan for a few years. The bumpers were all nicked and scratched up. I was charged $90 for paint time to repaint the front and rear bumper from Saab credit. If I would have gone out and gotten the bumpers repainted, it would have easily cost $500-$600.
The fact that BMWFS sets the residuals for their cars so high shows that they truly stand behind their product.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
VW gave her back her whole deposit. LOL
Basically, it's a crapshoot when returning a lease. Some places kill ya, others will let everything slide.
The tire thing, I need to check on my car. I'd hate to have to return it with 3/4 of the tire wear left. Ouch. I'd go buy Kumho's for sure when doing that!
The money factor on your 330i was .0012.. and you lowered it by .0009 (the first deposit doesn't lower it, just the next nine) to get the .0003.
Actually the 330i in March had an MF of .0010 Even lower than yours. But the MSD program is not nearly as generous as it was last spring. The actual MF on the 325i is .00125 That .00165 was a marked up number. These are all March numbers.. The rumor I heard was they were definitely changing in April... with the convertible going way up.
regards,
kyfdx
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regards,
kyfdx
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>owned. I've never had one with tires that
>lasted over 20k miles - Nissans, Fords, VWs,
>Mazdas, BMW, you name it.
Remind me to never buy a used car from you :-).
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If it's an consulation - the interior and exterior are [non-permissible content removed] and span. The components will be nicely broken in by 2006.
But I have some questions if someone can help:
1. Is the 330xi a good car? Any pluses or minuses? Actually, I plan on test-driving next week, so I'm not sure which model I'll choose, but I would think I would want the extra power.
2. I would love a NAV system (saw/used one on my friend's Mini Cooper) - does it work well? Does anyone know if it is the same as that on the Mini?
3. Leasing vs. Buying - If I am going to drive the car alot for my work (starting a real-esate job), are there any advantages to either method?
Thanks for any help.
Best Regards,
Shipo
I also have the NAV System. It works and is precise most of the time. While BMW Nav System is less sophisticated than MB, Lexus or Infinity, it is still efficient as long as you are within map coverage. And a nice gadget if you can afford it.
Good Luck.
Also, can the headlights be programed to blink when the doors are opened and locked using the remote?
What is the cost for an alarm w/installation by a dealer?
Thanks.
An alarm is only useful if its cost is outweighed by insurance savings. otherwise, an alarm safeguards nothing. it's all about the appearance of protection - the elctronic club that doesn't thwart any thief.
"electrical"
'power equipment" ,
and in 96-98 "cooling'"
(as far as these being problem areas).
for those of you that have higher mileage 3's can you tell me what broke in these areas and how expensive to fix?
But, it can be done..... Unless 50 different people on this board and others are lying for no reason.
regards,
kyfdx
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