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Comments
Nissan Maxima SE 6-speed (2002) - The "no brainer" value choice and no guilt feelings about excess spending. On the other hand, hard to justify spending any money on another Maxima when the one I've got is near perfect. What's the point?
BMW 530i Sport 5-speed - Still very practical, great handling, limited guilt feelings about excess spending, opportunity to get a great deal and take my family to Europe to boot.
BMW 330i - Tighter for the kids (but we have an SUV), sportier than the 530i. Less professionally correct - most of my business associates are 50+ and 6'+. Great resale value if I change my mind in a couple of years. Next to no guilt feelings.
BMW M3 - Fun to drive factor through the roof. Not practical at all for carting kids or more than one business associate. But I am high up on the waiting list and will be able to get one at MSRP ($50k+/-) by January +/-. Medium to high guilt feelings.
AUDI S4 - Alternative suggested by a friend who had a BMW 328. Yet to give it an extended test drive and form an opinion.
BMW M5 - A phenominal car when you consider people pay more for a S500. But $75,000? That's still $30k+ more than a 530i. This is like eating caviar every night after having grown up at McDonalds. Very high guilt.
Mercedes AMG C32 - Bragging rights to the fastest production sedan on the planet (not that I'd ever use half of it's potential). Four doors. Great interior ergonomics. Almost "reasonably" priced at $53k compared to any other AMG product (the CLK55 and E55 are $20k more and underperform the C32). But for God sakes, its an automatic. Can it really be fun to drive after having had a manual for the past 28 years.
Acura NSX (2003) - I'm not sure why, but I got on the waiting list for one. Maybe to make the M5 seem like a rational alternative. Unlikely to work. Guilty as hell.
I had pretty much ruled out the 540i 6-speed for being in no man's land. $50k+ for very good, but not truly exceptional performance. Also, I actually think that the lighter weight and rack & pinion steering of the 530i Sport allows it to handle better.
I considered the new Maxima, but just needed a change. Plus, I've never owned a German engineered car and being an engineer have always had certain expectations of what driving a german car everyday would be like.
Now considering your list. Given what you're looking at, and not knowing what your budget is (2003 NSX?) I still think my 540i comment holds water. Yes the 530 will be lighter and possibly feel lighter, but the torque available in the 540 will quickly overcome that issue. But I do agree that 540s are overpriced. Unless you can get a good deal with a European delivery.
Since you have clients to consider (which I did as well but figured I can borrow the wifes Pathfinder) unless you're hung up on a stickshift, for money less than an M5 or a 740i sport, you can have a brand new Audi S8. 360+ Hp, all wheel drive, an absolutely awesome interior, and every creature feature you could ever need. Add it to your list.
I wish I had your decision to make. Remove the 330i. The S4 is twice the car for the same money and will hold its resale value just as well.
I'm not so sure about your AMG C32 comment about fastest production sedan??????????????
Just remember this - In the typical day to day driving that most of us poor chumps have to endure, the one element that you can rest assured will quicken your pulse is TORQUE. If something's not kicking you in the seat, you may not be breathing.
BTW - 1500 miles until a little electronic magic infuses my little S4 with 310 HP and 360 Lbs-ft of Torque. Bring on your C32.................
Have fun picking your ride. You got some great choices.
Bob
Don't believe me? Just call around to your local wholesalers and ask them what they would pay for a used S4.
Again, not that I would ever buy a car purely on "numbers", the test figures I saw for the C32 are 0-60 in 4.6 sec, 0-100 in 10.8 sec. Compared that to M3 at 4.8 / 11.7 and Ferrari 360 at 4.3 / 10.3, respectively. If anything with four doors is faster, I don't know what it is (or two doors and four seats, for that matter). The site that I saw these test results in is called "New Car World" and cites Auto Week and Road and Track on many of the quoted figures. Sorry, I forgot the exact URL, but try your favorite search engine.
I think I'll put further consideration of my choices on hold for a couple of months so that I can get some real work done and take a vacation in the meantime. It was actually much easier back in 1994 when my Acura fell apart and I had to make a quick, affordable decision. And, as it turns out, I made a good one.
Thanks for your thoughts and suggestions.
Then why the heck did you buy or lease one? Does this make you sorry you did? You can't look at just what wholesalers are willing to pay you for a measure of resale value. If we only did that then every car would be worth crap. You have to look at what cars sell for. This is hard info to obtain, but just like a house, it may appraise for one value, but its value in the marketplace is what someone will pay you for it (retail) and what similar houses in your neighborhood are selling for. Wholesalers quote you short money in case they have to unload the car at auction.
Do yourself a favor and do more homework before you sell your car's value short............
I'm on my 9th brand new car in the last 12 years.
You always take a beating trading early but the S4 was really bad compared to my other trades.
I'm not interested in selling cars as a 2nd job, so only trade-in values are relevant to me.
My philosophy is to get the *car* I like most rather than not the *deal* I like most.
All things considered, if you think you'd be happier with the BMW, then you should get it.
My only real complaints with the S4 were:
The stock manual shifter was too clunky and vague with a troublesome 2-3 shift. This can be fixed with an aftermarket short shifter but there could be some warranty concerns.
The heat shields can rattle (mine didn't) and buzz (mine did). This can be really annoying.
You will need to drive the S4 fairly easy in cold weather to allow the oil heat up, or risk having trouble with the turbos. It takes a 10 or 15 minutes. That can also be a nuisance.
Despite AWD, you need to change tires on the S4 for winter, unless they are now coming with all season tires. The summer tires that came on my S4 were not suitable for winter. Regardless of the car you get, I'd strongly recommended a good H-rated winter performance tire, e.g., Dunlop M2 Winter Sport. These tires perform very well and won't sacrifice dry handling too much.
The following link is the AudiWorld Search and it can provide a lot of good feedback. Just type in "330i S4" under "Search For" and choose the "S4" database.
http://www.audiworld.com/search/index.html
I did not follow what was your logic to conclude that you should lease when residual value is low; I am missing something?
phill
Regardless of whether you buy or lease, use the quoted "leasing deals" as a proxy for what the "true cost" of driving will be, after resale.
The "leasing costs" can be compared for similar cars to see which one offers the best value.
A high residual produces a lower payment while a low residual produces a higher payment. If the lease actually uses the low residual, the lease payment will be higher. Still, the manufacturer sometimes "subsidizes" their residual to prop up sales, because this "looks better" than reducing the selling price.
People can kid themselves by making their own "pie in the sky" assumptions about resale and buying instead of leasing. However, buying doesn't change their "risk-adjusted" expected cost since they are taking the resale risk.
A closed-end lease offers the option to lock in a resale price and the value of that option should be considered. If expected resale is subject to greater volatility, then the value of the option is worth more. In my opinion, the S4 has a very volatile resale value. That is my primary reason for recommending a lease.
Clearly, you should only lease (or buy for that matter) if the lease was a "good" deal.
A good lease requires relatively high residuals, discount from MSRP, and/or good money factor.
If you have confidence in the expected resale or plan to keep a long time, then go ahead and buy.
Hoped this was coherent since it was typed in a hurry.
- Lease a S4 is better because at the time the lease ends, the resale value of the S4 is volatile and you can lock it for less
- If you buy it, you are pretty much assuming that you probably will trade-in for another car in the following 2-3years.
It has some sense, although those assumptions are not for everyone. Most of the people that buy a car, keep it for around 6-10years (not you, I believe).
On a side note, I was checking the kbb prices of a used S4 2000 loaded, with 12000 on it. trade-in is around 35K and retail is around 39.5K. I do not believe S4 resale value SUCKS from these numbers (in fact is comparable to BMW, at least in paper) and I do think that selling it for +/-38K should not be too hard (since production of the car has stopped until next year and there are not too many left on the dealer).
phill,
The point about the resale improving after the new models are gone is well taken.
Also, keep in mind that I don't even follow my own advice, having just bought a WRX wagon last weekend as a 2nd car despite concerns that the resale value is going to suck.
I think Audis still suffer from the 80's 5000 model image problem.
For the money, this was a great car to lease in my opinion, after comparing it to BMW. The money factor was 0.0025, which is low.
I know alot of folks may think I'm completely anal when they read this and they're right.
Thanks, Bob
'01 S4
Silver/Onyx
Itchin' to be chipped........
Jim W
Jim
Lately I've been reading up on the S4. I haven't even driven it yet, but I really think this is the next car I want. Unfortunately that won't be for a couple of years. I was hoping to get a couple of opinions, ideas. What other cars did you compare to the S4? Does anyone know anything about the next S4, the 2003?
I would say the biggest consideration is how well the previous owner took care of it - hard to find one that wasn't at least a little "abused" I would think.
In recent years, I have experienced zero problems with my BMW's and that includes a 1997 740i, a 2000 540 Touring and the 2001 330 CIC. I think BMW makes cars that are fun and well put together. My experience with Audis has been somewhat different. Everytime I go to a dealer and get into an Audi, I am very impressed at first glance. I think, wow, the quality seems much higher than the price. After six months, I feel just the opposite.
I still own the S-4 despite problems that the dealer cannot cure, like incredibly noisy brakes (both squeal at low speeds and a loud hum braking from high speeds). I have a wind noise from my passenger windshield that the dealer cannot fix. All of a sudden, $43,000 seems like a lot of money for this car, plus I agree with the earlier posts about falling values for Audis in the San Francisco Bay area. My car has depreciated $10,000 or 23% in six months?
I really like Audi design and hear that the next S-4 will have a V-8, but I am planning to stick to BMW or Mercedes in the future.
A buddy of mine wants one.
Have you bought or shopped for a 3-Series BMW, C-Class Mercedes, Jaguar X-Type or other small sports sedan since Sept 11? If so, your comments are of great interest. Please get in touch with me via jfallon@edmunds.com.
You may also drop by the Smart Shopper discussion at this link to respond: prlady1 "Talk to the Press" Oct 8, 2001 1:48pmThanks as always,
Jonathan Welsh
The Wall Street Journal
$38,500 (Prem & Cold Weather Pkg)
$0 down
$560 a month including taxes
Prob could have done a little better but they had the car I wanted.
if so any suggestions? Approx how much $$$?
Jim
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
Jim
A friend of mine owns a tire store, I talked with him last week about winter tires. He is going to a show next week, sema I think. He will investigate options for me. I will probably get winter tires for my avus rims and get new wheels in the spring for my Michelin sports. From what I have read @ biturbos4, it doesn't seem to make much difference what winter tires you choose, as long as you get some. Dunlops are on my list. I will know in a couple of weeks.
I'm going to the audi challenge this weekend at Nazareth speedway, combined with some business nearby. It will be a long trip for me, about 1200 miles round trip. What brand tires did yours come with?
Stephen
or
2001 S4 at CAD $50,500
Jim
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD