[dreamcatcher]

Hey everyone!
I am back to the forum again after 3 years, this time with a big decision to make!

The lease end on my 2009 is fast approaching, now I have to decide what to do with it. You guys are all so knowledgable about anything bimmer, so who else is better to turn to for advice! I thank you all in advance for your thoughts/comments (especially my Canadian fellows) from the bottom of my I6 engine.

1) The 2009 has around 60,000 km on it, runs perfectly. Residual is $22k +tax
2) I love everything about the new F30 328xi, however because it's so new in the market, the lease rate is not too attractive (4.9%)

So:
1) Is buyout residual negotiable? Should I get CPO warranty?
2) If I make the switch, will the dealer drop any wear/tear charges on the E90?
3) I know financially --> E90 but emotionally --> F30.

To switch or not to switch, that's the question.
And the question is killing me

[Jamesons Viggen]

I have a 2012 328xi as a loaner. It feels it's age and makes me miss my F30. The only thing I prefer is the shrowded screen and the engine note.

That's all I can add as I do not know what works best for you financially.

[Seagull]

Originally Posted by dreamcatcher

Hey everyone!
I am back to the forum again after 3 years, this time with a big decision to make!

The lease end on my 2009 328i xDrive is fast approaching, now I have to decide what to do with it. You guys are all so knowledgable about anything bimmer, so who else is better to turn to for advice! I thank you all in advance for your thoughts/comments (especially my Canadian fellows) from the bottom of my I6 engine.

1) The 2009 328xi has around 60,000 km on it, runs perfectly. Residual is $22k +tax. End-of-lease inspection quoted me ~$5k for paint chip repair and windshield replacement
2) I love everything about the new F30 328xi, however because it's so new in the market, dealer is not giving significant discounts and the lease rate is not too attractive (4.9%)

So:
1) Is buyout residual negotiable? Should I get CPO warranty?
2) If I make the switch, will the dealer drop the wear/tear charges on the E90?
3) I know financially --> E90 but emotionally --> F30.

To switch or not to switch, that's the question.
And the question is killing me

.... lets talk about what you WANT and why....okay, why do you want to switch? Does your current car have all the options you want? New??? There will always be new, but what about the new do you crave and can't get by keeping your e90?

After you figure out what you want, do the math. Then see if you can clearly justify to yourself and understand how much you are spending for what you want.


BTW, $5k seems like A TON! How big is this paint damage. The lease return wheelie thing is pretty big! I think I was charged $500 for a bumper curb scrape 4 years ago and that was it. I probably had 7-10 pinhead size chips on the hood and 2-3 very small door scuffs from other people. Also had probably 2 wheels with slight rim rash.... Maybe they are really picky now

[batislav]

Looks like keeping the 2009 would be significantly cheaper. Unless you get them to drop the $5000 in turn in fees, you'd be paying a big premium for the f30. If you really want it and money isn't an object go for it, if you're not sure there's always next year.

[rconti]

I'd be tempted to buy out the E90, even though I love the new 4cyl motor. $5k for paint chip repair and windshield replacement is nuts, they're just trying to rip you. If you do get an F30, they damn well better drop that to close to $0.

[SmoothSteeringHopeful]

I would think you could have hte whole front end painted for less than a grand... thats crazy! Are lease rates higher in canada?

[DerekS]

Originally Posted by dreamcatcher

1) The 2009 328xi has around 60,000 km on it, runs perfectly. Residual is $22k +tax. End-of-lease inspection quoted me ~$5k for paint chip repair and windshield replacement :

The cost to respray your front end should not exceed $1500-2000, if done to factory standards (hood removed for painting, etc.). Did the dealer's quote include replacing either of the headlights ? If one is damaged by rock chips, this would add about $2000 to the estimate.
Your windshield replacement should be covered by your insurance policy; you would only have to pay the deductible.

Have you ever driven the Coquihalla highway during winter ? I did this once and will never drive my own car over this route again in winter conditions; it cost my insurance company over $8000 to repaint the front end and replace both xenons, all because of rock chips !!!

[venturerider]

The lease on my 09 328i is up in February. Residual is 21,400. My plan is to buy it and keep it until the diesel comes out, or at least until the LCI update on the F30.

[fshubert]

I've leased each of my BMWs and never paid to turn it in. I'd get with another dealer. I can see paying for the windshield but nothing else except for tires. "Normal" wear and tear includes chips and small dings.

[BMWrules7]

Originally Posted by dreamcatcher

Hey everyone!
I am back to the forum again after 3 years, this time with a big decision to make!

The lease end on my 2009 328i xDrive is fast approaching, now I have to decide what to do with it. You guys are all so knowledgable about anything bimmer, so who else is better to turn to for advice! I thank you all in advance for your thoughts/comments (especially my Canadian fellows) from the bottom of my I6 engine.

1) The 2009 328xi has around 60,000 km on it, runs perfectly. Residual is $22k +tax. End-of-lease inspection quoted me ~$5k for paint chip repair and windshield replacement
2) I love everything about the new F30 328xi, however because it's so new in the market, dealer is not giving significant discounts and the lease rate is not too attractive (4.9%)

So:
1) Is buyout residual negotiable? Should I get CPO warranty?
2) If I make the switch, will the dealer drop the wear/tear charges on the E90?
3) I know financially --> E90 but emotionally --> F30.

To switch or not to switch, that's the question.
And the question is killing me

When deciding on a color, don't focus on swirl marks. Rather, it is best to ask if this color can be matched easily and professionally in the event you get into an accident and need new paint.

[dreamcatcher]

Thank you all for chipping in your thoughts!
I'll certainly keep you updated on which road I ended up taken cheers!

[K.Ip]

Originally Posted by Seagull

.... lets talk about what you WANT and why....okay, why do you want to switch? Does your current car have all the options you want? New??? There will always be new, but what about the new do you crave and can't get by keeping your e90?

After you figure out what you want, do the math. Then see if you can clearly justify to yourself and understand how much you are spending for what you want.


BTW, $5k seems like A TON! How big is this paint damage. The lease return wheelie thing is pretty big! I think I was charged $500 for a bumper curb scrape 4 years ago and that was it. I probably had 7-10 pinhead size chips on the hood and 2-3 very small door scuffs from other people. Also had probably 2 wheels with slight rim rash.... Maybe they are really picky now

+1 great post
why and how much?
couldnt have said it any better

[KneeDragr]

Next time Dr. Color Chip before you bring it in.

[dreamcatcher]

Had an interesting read of a post on Bimmerfest "Doesn't anyone buy anymore?", interesting arguments from both sides of buy vs lease, I know the subject has been discussed repeatedly and seems like the only conclusion is: Do whatever you please

Since we are on the subject of switching or not at lease end, I think the arguments are still valid: To buy out the car or to start a new lease, which one makes more sense?

There're many sides to the argument, but let's say we leave feelings/emotions/needs&wants out of the equation for now, and look at the topic from strictly a financial point of view, what conclusion can be drawn? That's what me and my friend were chatting about over dinner.

1. Lease a new car (let's use a F30 328xi as an example):
MSRP: 46200
Discount: 3000
Charges at delivery (pdi, admin etc): 2500
36 mth at 4.9% APR, 59% residual: 660 x 36=23760
Total cost 3 years: 2500+23760=26260

2. Buy out the car at residual and keep it for 3 years
Buy out cost: 22000
Anticipated maintenance cost: 2000x3=6000
Sell the car after 3 years: 10000
Total Cost 3 years: 22000+6000-10000=18000

So the conclusion we draw is, economically, it's cheaper to buy out your car at lease end.
But of course we all know by now our love for bimmer goes beyond numbers and economics...

[bcl0328]

Originally Posted by KneeDragr

Next time Dr. Color Chip before you bring it in.

lol i've done that 3 times to my car already. damn dump trucks. i stupidly kept my kit in the trunk and it went bad so i had to order another. oh well. worth it.

[EnerJi]

Clearly it's better to buy used and keep it several years than to buy new OR to lease new. If more of us did that we would all be better off.

Of course, we can all relate to the allure of a new BMW, but make the best decision for your financial future. A new 328 won't be that much nicer than your gently 328, and you'll be thousands of dollars richer as a result!

[fshubert]

I lease for two reasons:
1) I never go beyond 45k miles in a 3-year lease
2) no maintenance costs
3) get to order a new car every 3 years

OK, that third one was the icing on the cake. But all kiddng aside, I've not wanted to shoulder the cost of maintaining a car like a BMW past the warrantee period. Yes, I could buy the extra, but figure it's just easier to get a new one every 3 years and pay zero to maintain it. May not be the best choice financially in the long run, but it works for me.