Leasing Entry Luxury Sedan

[jlee]

Exactly...why would you need to baby a lease/rental?

Why would you need to baby anything? :awe:

 

[Midwayman]

Why would you need to baby anything? :awe:

I don't even baby a baby.

 

[PhoKingGuy]

Exactly...why would you need to baby a lease/rental?

Exactly, EVERYONE leases lux cars around here. You should see how they are driven, regular gas all the time, ragging on their cold turbo engines, not going in for oil changes when the car says so, etc.

I'd rather not have to deal with someones lazyness, tbh exec demo cars with 5k miles CPO are the best deal.

 

[AznAnarchy99]

Exactly, EVERYONE leases lux cars around here. You should see how they are driven, regular gas all the time, ragging on their cold turbo engines, not going in for oil changes when the car says so, etc.

I'd rather not have to deal with someones lazyness, tbh exec demo cars with 5k miles CPO are the best deal.

Yeah my friend has pretty much always leased his cars and never does the oil changes or any maintenance on it due to pure laziness.

 

[smackababy]

Yeah my friend has pretty much always leased his cars and never does the oil changes or any maintenance on it due to pure laziness.

I don't think that is limited to leasing. I know plenty of people who are content to drive their cars into the ground and do as little maintenance as possible. The problem with the previously leased cars though, at least, in my opinion, is there could have been problems that were created, or had the chance of happening increased, due to the lessee's laziness or incompetence that you are buying.

 

[Virge_]

I don't think that is limited to leasing. I know plenty of people who are content to drive their cars into the ground and do as little maintenance as possible. The problem with the previously leased cars though, at least, in my opinion, is there could have been problems that were created, or had the chance of happening increased, due to the lessee's laziness or incompetence that you are buying.

Depends on the manufacturer. If you don't have documentation for the routine maintenance and the computer shows it's never been done you can't even turn in a BMW lease. It has quite a bit of wordage in the lease contract about maintenance responsibilities and how voiding them makes you liable for the car.

With that said, given the car notifies you FAR before it's required, and mine even electronically notifies my dealer who calls me to schedule well in advance - you basically have to be an idiot or intentionally trying to ruin the car to void this agreement - in which case you reap what you sow and I don't feel bad for you at all.

The types of things you're describing do not relate to BMW's, for sure. Sure, this doesn't mean the transmission hasn't been thrashed to hell on a M-series car, though.. but you can still buy with confidence on anything else in the lineup.

I'd worry more about the domestics, but I'd never lease a non-luxury foreign car to begin with. Seems kind of silly. I'd have to find a source, but if I recall correctly, over 75% of luxury vehicles are leased, they very infrequently are actually outright purchased new. Essentially, if you're not leasing a luxury car it's not very intelligent (presuming you didn't just buy it outright) - leasing a 20k Subaru is a silly decision, buying a 80k M3/M4 is equally silly if you intend to upgrade to the next model in a few years, especially given their ridiculously terrible residual.

For what it's worth, the residual on a 335i is I believe 60%. That's fantastic. A M3/M4 is something like 40%.. thats awful, even a GTR lease has a 50% residual.