Janq... I did make a mistake sorry..its now a 184 horse enigine. sorry... Did I mention the lease special doesnt include leather??? you know it comes with BMW's Pleather.. Fake leather.. its a great deal for anyone who is a fan if RICE.. but thats my opinion.. Not saying its not a great car for the money.. but to me its RICE to get a BMW without leather and one that doesnt perform like a true BMW.. Plus the design is getting old.. That body -style has been used since 1996 thats why they made the 525.. I am 6 foot six.. fit in my WRX well, I fit well in a 325, but I dont have enough leg room in the 525, because its an old design.. If you get a 5-series it has to be a 540 6 speed.. now thats a car, but I dont fit in that one either, maybe I will fit in the re-design next year..... Zero to sixty is 7.8 seconds.. with the 5-speed and 8.3 with the auto.. seems like grocery getter performance to me , but that my opinion, ............Point of this was, still dont think its a good idea to lease an STI... If you can show me where you can get an STI for 36 month lease with 15K year with drive -offs down for under $400 a month I wil get it.. but that would be a good deal.. but that wont be found

 

Also I had my friend work up lease on an STI he is selling.. $2,800 over sticker.... 48 month lease $3,000 out of pocket 12K year... 579 a month plus tax...$613 total... So you say dont pay $2800 over sticker.. get one for MSRP... ok then... 0 down $613 per month 48 months.... sorry dont have a business to write that off with

 

Janq

Thanks for bringing some sanity to this discussion.

People saying buying is always better than leasing, shut the hell up because you have no idea what you are talking about. Why is it that people who know the least make the most dogmatic statements?

If you want to spew opinions, fine, just don't make it sound like fact. You obviously do not understand how a lease works. Have you considered the effect of residuals or the changing (rapidly falling) prices you can get for a used car due to all the new cars being dumped on the market by manufacturers? Have you considered what effect this will have three years from now?

Have you considered the tax advantages of leasing?

Leases make tremendous sense for many people. Those people usually know who they are. At least those people are smart enough to consider all their options in detail and make the right choice instead of making a decision based on some twisted dogmatic opinion with no basis in fact.

 

No problem cmlnr...I do a lot of commercial leasing for various 'equipment' purchases including vehicles and was hoping to share a little real world wisdom & experience.

- Janq

 

Dude, your dogma is really rubbing me wrong.

Forgive me while I rant...

And a good amount of torque. You do realize that BMW has typically tuned for torque, not for HP...

Be careful, your total cluelessness is showing through. I suggest you check BMW's sales numbers categorized by engine displacement. You might learn something.

Ask a European what a "true" BMW is... Your American opinion of what a BMW is meant to be might not be as accurate as you have convinced yourself.

May I suggest that you check previous generations of BMW vehicles. I think you'll find that your opinion about why, when and how the 525 was released might change.

Have you ever DRIVEN a 5 series? It doesn't sound like it. What the 5 series is, regardless of engine, is the best sedan on the planet. It's a great car. Performance is more than straightline as the Evo has obviously proven. How many sedans handle like the BMW 5 Series? None.

If someone can drive the best sedan on the planet for a great lease rate, good for them!

Then, you obviously have absolutely no clue about how a lease really works and haven't considered all the factors or parameters of certain buyers. Maybe it doesn't make sense FOR YOU, but then, you aren't me, nor are you anyone else on the forum...

 

Clr. My point also was that I do not fit in this mid-size sedan by BMW. When I fit in compact cars. Because of the outdated body. and for if I have ever driven a BMW.. well does a 540 count? how bout a 750? maybe Z3, 318 to 330... driven most of the models they have made from 1995 on.. none earlier than that.. and as for if I know how a lease is calculated let me explain it to you........
1) Drive off fees : generally first payment, security depoist, tag, dealer fees, state fees, some states makes you pay tax up front, some states include in payment, possible aqusition fee, some lease companies roll it into the payment.

2) Residual is based off a # of MSRP depending on the term and mileage. unless they is a value package..different manufacturers use different names for these. also it can be based off of hard adds if allowed by leasing company i.e. aftermarket sunroof, alloys.

3) Money Factor.. rental charge...money factor is determined by the leasing company. to calculate charges you must multiply the residual X the depriciation of the vehicle. thus a vehicle with a higher residual you pay less lease charges than a vehicle with a lower residual

4) So lets make easy math $20,000 MSRP car 50% residual.....36 month lease.... $18,000 purchase price.... $8,000/ 36 first part of payment... $10,000 mutiplied by money factor.. lets use .00386 second part of payment.. total of 2... X state tax if you have this in your state.... for this we will say you payed all the drive off fees and used no cap cost reduction... most states now charge you an extra tax for monies used for cap cost reduction. so not a good idea to use too much cap cost reduction in those states unless you need that certain payment.

leasing was great for all in the mid-ninties... it made a huge decline around the year 200 and hasnt been the same sense.
With most 0% loans or super low interest rates.. most leases are now more to have than a traditional finance. Leasing has been making huge declines over the past 5 years and will get even smaller as time passes... Inflated residuals killed leasing and most loads of leasing companies go out of business.

Now it really only makes sense to lease a vehicle that has been sub-vented by the manufacturer and uses the manufactures own bank who still use somewhat inflated residuals.. to give you that great payment.

back to the 5-series lease a 525 to me is like the guy who has an Infiniti G20... and says I own an Infiniti... or the guy who has a rundown Lexus ES250... and says I own a Lexus... just doesnt impress me... sorry my opinion

And again back to the STI lease.. No money factors will be that good for the car, most people will want to mod the crap out of it, it will be more of a collector car... like your dad who had a HEMI and wished he never got rid of it...something you can only say for a few cars made in the last 20 years, and finally WRX insurance blows... STI will be even higher... STI with 100,000...300,000 lease liability Insurance.. will be even worse... all reasons why I feel an STI is a bad lease example... back to my opinion.... and finally unless you are also in the business I have leased more cars to people than times you have pumped gas into cars... so dont tell me about leasing

 

They tried... And failed.

The 3 year lease ran 600+ a month (15k Miles)

I passed.

Once I sell the mustang I will be at 377 and I own it.

 

Meridoc,

Who tried and gave you those numbers?
The dealer via SOA or a third party?

What were the quoted residual, money factor, cap. cost, and first payment amounts?

- Janq

 

When Manassas Sub. called and and gave these I stopped listening... 1 month down. etc. Since I already decided to part with the other car - The amount was crap...

 

Oh, I got ya.
Cool thanks.

- Janq