Derron wrote:Van wrote:Since the vast majority of BMWs are leased,
Yeah..leasing is such a great deal.
Of course it is, which is why the vast majority of high-line vehicles are leased. See, wealthy people tend to be smart with their money.
There is no downside to leasing.
this means most never require an extra dime be spent on them other than gas and insurance. For those few folks who purchased theirs...same deal.
Baked into the high purchase price.
Nope, or at least not to any appreciable degree. Most other high-lines don't offer the same thing, including makes like M-B that are typically even pricier.
The reason BMW offers this deal is they've engineered their cars to require only five oil changes along with almost no other scheduled maintenance requirements during those first 50,000 miles, so it really doesn't cost them all that much. Same with their warranty period, which is identical to the other high-line makes.
It's only when one buys a BMW that's exceeded its warranty period that BMWs become pricier to maintain than most Japanese or domestic cars.
Built to make you buy another one or gouge the shit out of you in maintenance costs. I guess if you are into buying new cars and then getting rid of them as soon as the warranty runs out it works.
Which is precisely what most high-line buyers do: they simply turn in their leased car and lease a new one.
Fact of the matter is taking into account all makes and models the new car turnover rate for Americans averages roughly four years. That's how long people tend to keep their new car before swapping it for a different new car. People who purchase those cars rather than lease them almost invariably take repeated asskickings. Those who lease...don't.
Another brilliant decision to go along with the leasing thing.
Love to hear your reasons for hating leases. From the sounds of things, you simply aren't aware of all the options involved with modern leasing programs.
Being able to afford it does not make it a sound financial decision.
"Being able to afford it" ranks quite highly on anyone's list of "sound financial reasons" to acquire anything.
I have been able to keep my 98 Ranger and 94 Mustang going, each with over 150,000 miles by treating them well, and maintaining them at a very high level. I expect these to go at least 200,000 miles before I replace them with a newer, lower mileage paid for in cash vehicle.
That's great. You could've done the very same thing had you leased those cars. Well, you could today, anyway. Back in '94? Well, no.
