New pics of the 5; Page 6

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Do you plan to mod the car?
MTech, quad exhaust, lowered, looks pretty nice.

Hit E60.net, great forum for those cars.
 
Do you plan to mod the car?
MTech, quad exhaust, lowered, looks pretty nice.

Hit E60.net, great forum for those cars.
Most likely not. Maybe a change of rims down the line from BMW, but that'd be it. I believe I lose that free maintenance if I do something to the car which is something I can't afford to do.

You don't/can't mod lease vehicles.
Yep. No point in throwing thousands of dollars into a lease vehicle unless you plan to buy it afterwards which would really kill the point of leasing. Not to mention how the dealer will appraise the car and end up really screwing you over in the final payments. :indiff:
 
So, how's I-Drive treating you? I saw it behind your shifter, there.

Most people hate it, but I like it. :dopey: I think it's a nifty little feature, and it's pretty simple to use. The only bad part is programming everything into it. Takes too long, though I guess it pays off in the end. :dunce: Still can't set radio stations though nor can I figure out how to turn off the voice navigation. :ouch:
 
Loans & inheritance.
...
If I didn't have the inheritance of my parents, I would be out on the streets.
Then go get a job.

Pardon me for being resentful, but I can't stand rich kids who act like they've accomplished something when they roll around in Bimmers, Benzes, and Lexuses that they didn't pay for.

Nice car, though 👍.
 
Sadly, you'll feel like an ass after his explanation of HOW he got his inheritance...
It's more of a general observation. I grew up in a town full of annoying 🤬 with luxury cars. Most of them are probably hooked on meth by now.
 
Then go get a job.

Pardon me for being resentful, but I can't stand rich kids who act like they've accomplished something when they roll around in Bimmers, Benzes, and Lexuses that they didn't pay for.

Nice car, though 👍.

As I said earlier, the job I usually do is not an option in the winter. Not many people go boating this time a year, and don't need their boats cleaned. They don't need it cleaned, they don't need me to clean it. Any other job I do is for relatives.

I'm sorry you think I just buy whatever I want because of the money left to me or that I don't work to pay off these cars. On the contrary, the money I make for cleaning these boats here can nearly pay every monthly payment. However, I don't put all that money towards a payment because I need it for other things. I didn't post my new car with the intention of bragging or making it seem like I accomplished it on my own. I have many folks to thank for that. But that doesn't mean I just sit around and wait for the next check to come. I do work, but I also go to school.
Believe me, I'm not in any secure, set-for-life situation at all. I owe money to people just like others do.
 
Sadly, you'll feel like an ass after his explanation of HOW he got his inheritance...
I was waiting for someone else that knew to raise that point :rolleyes: The guy isn't drug dealing, he's not stealing them and he's not claiming he won a law suit, bought some land, discovered oil on said land and made his money that way. (Loves ya Doug ;) )

So how's leasing work then? I take it you get a mileage cap and that you don't out right own the car, do you pay for maintenance and finite parts?
 
It's more of a general observation. I grew up in a town full of annoying 🤬 with luxury cars. Most of them are probably hooked on meth by now.

Comeon now jealousy is not a nice thing. Let the guy spend his inheritance how he wants.
 
So how's leasing work then? I take it you get a mileage cap and that you don't out right own the car, do you pay for maintenance and finite parts?

12K a year. Don't know why I put a dollar sign when I told sn00pie. :dunce:
But no, I don't technically own the car, so I can't do anything to it unless I go through BMW. I'm also covered under the BMW Maintenance Program, so every check-in is pretty much free. However, you have to ask them to do other things even if the car only came in, for say, an oil change. Otherwise, they change the oil and that's it.
Comeon now jealousy is not a nice thing. Let the guy spend his inheritance how he wants.
He has a right to his opinion. Heck, I agree with him. The kids around here do exactly what he says. I may work more than they do, but that doesn't mean I completely put myself in a different category from them. They and I both still achieve many of our possessions through the same source.
 
So are you planning to buy the car after the 3 years? And if so, what terms are you on with the dealer concerning purchase price?
 
Doesn't sound so bad, but I suppose at the end of the day it's still pumping money into something that isn't yours. I do know, however, that's it's quite popular on the opposite (read nice) side of town to me, it annoys my DT lecturer sopmething rotten when he goes to his local pub and sees leased Porsches and AMG Mecs.
 
Doesn't sound so bad, but I suppose at the end of the day it's still pumping money into something that isn't yours. I do know, however, that's it's quite popular on the opposite (read nice) side of town to me, it annoys my DT lecturer sopmething rotten when he goes to his local pub and sees leased Porsches and AMG Mecs.

Loads of people in the UK lease their bmws, mercs and audis. Seems like your DT lecturer has a bit of a jealous streak. There should be no reason to get wound up because someone decides to spend their money leasing a flash car. Just means they will have less money for other stuff.

I myself dont see the point in leasing. I like to save up between a 25 to 50% of the cars value and then do the rest on finance between 2 to 3 years. I would consider 4 if its a really nice car.
 
So are you planning to buy the car after the 3 years? And if so, what terms are you on with the dealer concerning purchase price?
Most likely not. The dealers here are all very flawed. On a trade-in, they low ball you, and you can't do anything about it unless you go somewhere else. But then, no one else can beat 'em. But if you plan to buy, then they charge you a good deal because you're going to buy the car. In their eyes, you get to be charged for leasing, and then you get to be charged for buying the car.

Doesn't sound so bad, but I suppose at the end of the day it's still pumping money into something that isn't yours. I do know, however, that's it's quite popular on the opposite (read nice) side of town to me, it annoys my DT lecturer sopmething rotten when he goes to his local pub and sees leased Porsches and AMG Mecs.
True, but allows me to change cars every few years easier, and in the end, the total amount paid for leasing is cheaper than the total amount for buying it. Of course, then again, you also lose a lot of money on a trade-in deal, and you're being charged more per month than if you were buying. Leasing's a bit flawed and pricey.
 
Most likely not.

Dealer malaise granted, doesn't it bother you you're going to be out a lot of money in 3 years with nothing to show for it? I would really consider purchasing your next car. Getting some asset you know.

I would only consider leasing if a) the dealer would give me one hell of a deal on the purchase after the lease runs out or b) if I'd be leasing corporately.
 
I was waiting for someone else that knew to raise that point :rolleyes: The guy isn't drug dealing, he's not stealing them and he's not claiming he won a law suit, bought some land, discovered oil on said land and made his money that way. (Loves ya Doug ;)

That's not what I was inferring at all... has to do with his parents at least from what I know.
 
Come on now jealousy is not a nice thing. Let the guy spend his inheritance how he wants.
Jealousy? Nah. In the not-too-distant future, I'll probably be a member of the snobby-car club myself :D.

My post looks more venomous than I intended. The word "inheritance" says enough to move *McLaren* out of the same group of miscreants I went to high school with. I should have checked that baggage at the door, and for that I apologize.
*McLaren*
I don't technically own the car, so I can't do anything to it unless I go through BMW.
You can always un-do it and hope they don't notice...
 
Dealer malaise granted, doesn't it bother you you're going to be out a lot of money in 3 years with nothing to show for it? I would really consider purchasing your next car. Getting some asset you know.

I would only consider leasing if a) the dealer would give me one hell of a deal on the purchase after the lease runs out or b) if I'd be leasing corporately.

That's true, and I will be dealing with that. Leasing has its joys, but all I'm doing is renting for an extended period of time. Don't get me wrong, I always try to get the most out of my deals, and so far with the TL, I have. I'm already near 10,000 miles on it, which is over what I agreed on with the dealer. I intend to reach 10,000 miles on the 5 as well within it's first year as well.

But I do agree that purchasing is probably smarter and I think sooner or later, it will be time for me to have a car I can continue to see after 3 years.
 
Jealousy? Nah. In the not-too-distant future, I'll probably be a member of the snobby-car club myself :D.

My post looks more venomous than I intended. The word "inheritance" says enough to move *McLaren* out of the same group of miscreants I went to high school with. I should have checked that baggage at the door, and for that I apologize.
It's fine. I understand completely where you're coming from. :)
You can always un-do it and hope they don't notice...
I could, but then I lose free maintenance. And free maintenance is a plus. The price of repairs in the Shop is too pricey for me without that program. $3,000 to replace a wheel & tire? Uh....:scared:
 
That's true, and I will be dealing with that. Leasing has its joys, but all I'm doing is renting for an extended period of time. Don't get me wrong, I always try to get the most out of my deals, and so far with the TL, I have. I'm already near 10,000 miles on it, which is over what I agreed on with the dealer. I intend to reach 10,000 miles on the 5 as well within it's first year as well.

But I do agree that purchasing is probably smarter and I think sooner or later, it will be time for me to have a car I can continue to see after 3 years.
👍
 
so how come you have 2 cars?

I'd like to say because somedays I'm too lazy to fill one up, so I take the other, but honestly, I like being able to change cars if I need to. I could honestly save a boat load by having one car, but I can't always stand to drive the TL on its stiff suspension over DFW roads everyday. I like to think of it has my Sunday Driver. Ironically, the TL is the one I drive to my classes every day. Then I'd come home and switch.
 
Ahhh it feels nice to have a car that's paid off, gets over 30mpg, and never breaks down -smiles- ;)

Grats on your new ride!
 
On the car: Sounds like a sweet ride! But, and this is a HUGE BUT, I'm just not a fan of the newer straight-six 5ers, particularly when Cadillac offers something that will pretty much do the same for thousands less. If its a good deal, I can completely understand, but then again, I've always got my American car blinders on... Then again, BMW sits in my top-five anyway, so its no big deal!

On the lease: While I do completely understand why long-term leases are silly, on the short-term, it isn't a bad way to do things particularly if you are like my father or grandfather who usually opt to get a new car every three or so years. If I do end up getting a promotion at work, I may consider leasing a Saturn Astra, but I usually write it off altogether as I can generally find an older car that will do much the same for less... Or I can just wait a bit and get the car that I want.

...The Honda S2000 has looked really good lately, particularly when its only an extra $30 a month to insure...
 
Leasing makes sense under certain very particular conditions, and only then:

1) If you can write the car off as a business expense (lease payments are 100% deductible; if you buy it, you can only deduct the depreciation).

2) You absolutely positively must have a new car every 3 years or you'll just die.

3) The dealer gives a very very attractive lease rate just to move the product, and they leave the car with a very high residual value when you turn it in.

Those are the only 3 conditions where leasing makes sense. And #2 doesn't even really make sense rationally; it's just a realistic understanding of your emotional self.
 
Leasing makes sense under certain very particular conditions, and only then:

1) If you can write the car off as a business expense (lease payments are 100% deductible; if you buy it, you can only deduct the depreciation).

2) You absolutely positively must have a new car every 3 years or you'll just die.

3) The dealer gives a very very attractive lease rate just to move the product, and they leave the car with a very high residual value when you turn it in.

Those are the only 3 conditions where leasing makes sense. And #2 doesn't even really make sense rationally; it's just a realistic understanding of your emotional self.

Don't you finance?
 
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