Do you own or lease?

RJC · 12-15-2018, 07:31 PM

Curious, do you own or lease your X5 and why?

AndroidRobot · 12-15-2018, 07:35 PM

Own, I drive a lot and leases won't work. The car will depreciate either way, at least with owning you can control more things I. e. drive more just pay more (assuming it's financed in some way) to account for the additional miles. Leasing has it's pros too like getting a new car every 3 years

ILM_X5 · 12-15-2018, 07:42 PM

Own. Outright.

BobsM3Coupe · 12-15-2018, 07:42 PM

Some states, CA for example, when you lease a vehicle, you only pay the sales tax on the monthly payment.
Some states, (NY is one), you have to pay the full sales tax within the timeframe(24-48 months) of the lease.

MystroX5 · 12-15-2018, 07:48 PM

Own. I never lease any of my vehicles.

Xeno · 12-15-2018, 07:53 PM

Own. This is a long-term purchase for me if it performs as well as my F15.

tqbmw · 12-15-2018, 07:56 PM

Own. This car is fresh for 7 years with this new body. Worth keeping 7 years and with that time frame come out ahead of you buy versus lease

lumpydog · 12-15-2018, 08:00 PM

Own. Among other reasons, I like that I get to keep the plate I've had since I was 18yrs old - came with my first car.

My car. My plate. Always been that way.

MystroX5 · 12-15-2018, 08:00 PM

Quote:

Originally Posted by tqbmw

Own. This car is fresh for 7 years with this new body. Worth keeping 7 years and with that time frame come out ahead of you buy versus lease

^^bingo

AndroidRobot · 12-15-2018, 08:01 PM

Quote:

Originally Posted by lumpydog

Own. Among other reasons, I like that I get to keep the plate I've had since I was 18yrs old - came with my first car.

My car. My plate. Always been that way.

Wait, are you forced to have a different plate on a leased vehicle? I've never heard of that, then again I don't lease.

cygnusecks · 12-15-2018, 08:03 PM

Own. Don't feel the need for a new car every 3 years.

RJC · 12-15-2018, 08:10 PM

I ask because I've always owned. Leasing sounds more expensive overall but I do think it's nice to keep getting a new car. Dealers are always pushing leases so I'm skeptical...

Do you worry about repairs after the warranty is up?

lumpydog · 12-15-2018, 08:11 PM

Quote:

Originally Posted by AndroidRobot

Wait, are you forced to have a different plate on a leased vehicle? I've never heard of that, then again I don't lease.

Yes - at least, in MA where plates move from vehicle to vehicle with the owner... in a lease, you do not own.

Thing is - I have a "Greenie" - an older green-lettered plate that was printed back when you were allowed to only have a rear plate, no front.

State stopped printing them in 1988... It's not the only reason I own, but it's kept me from even considering a Lease.

Hate front plates. Love that this one has been with me since the first day I wrapped my fingers around a steering wheel that was mine.

Own

magna6882 · 12-15-2018, 08:28 PM

own. i don't like payments of any kind

cygnusecks · 12-15-2018, 08:33 PM

Quote:

Originally Posted by RJC

I ask because I've always owned. Leasing sounds more expensive overall but I do think it's nice to keep getting a new car. Dealers are always pushing leases so I'm skeptical...

Do you worry about repairs after the warranty is up?

I have only owned 2 cars so far where I would be liable for post-warranty repairs. In both cases (1998 Dodge Durango, 2008 Infiniti FX45) I think I had less than $2k in post-warranty costs (brakes, fluids, tires, etc) over its life.

So my experience has been pretty good regarding unanticipated repairs outside warranty and so I don't worry. The only big ticket item was on the used Infiniti where previous owner had damage that my inspection didn't detect and 2 years later the rust caused a strut to fail (luckily in my driveway) and $600 later I was back in business.

JLR0523 · 12-15-2018, 08:41 PM

Quote:

Originally Posted by cygnusecks

Quote:

Originally Posted by RJC

I ask because I've always owned. Leasing sounds more expensive overall but I do think it's nice to keep getting a new car. Dealers are always pushing leases so I'm skeptical...

Do you worry about repairs after the warranty is up?

I have only owned 2 cars so far where I would be liable for post-warranty repairs. In both cases (1998 Dodge Durango, 2008 Infiniti FX45) I think I had less than $2k in post-warranty costs (brakes, fluids, tires, etc) over its life.

So my experience has been pretty good regarding unanticipated repairs outside warranty and so I don't worry. The only big ticket item was on the used Infiniti where previous owner had damage that my inspection didn't detect and 2 years later the rust caused a strut to fail (luckily in my driveway) and $600 later I was back in business.

Own. No doubt

ghurty · 12-15-2018, 08:44 PM

Owned so I would be able to deduct the full amount on my taxes

AndroidRobot · 12-15-2018, 08:47 PM

Quote:

Originally Posted by lumpydog

Quote:

Originally Posted by AndroidRobot

Wait, are you forced to have a different plate on a leased vehicle? I've never heard of that, then again I don't lease.

Yes - at least, in MA where plates move from vehicle to vehicle with the owner... in a lease, you do not own.

Thing is - I have a "Greenie" - an older green-lettered plate that was printed back when you were allowed to only have a rear plate, no front.

State stopped printing them in 1988... It's not the only reason I own, but it's kept me from even considering a Lease.

Hate front plates. Love that this one has been with me since the first day I wrapped my fingers around a steering wheel that was mine.

Own

I didn't know that, then again I lived there when I was younger and for a while about 7 years ago. I never changed to MA plates (purposely) but also hate front plates like you do. Hell, I don't put mine on here in Texas and gave gotten pulled over numerous times because of this. While I'll eventually need to put one on (I can't get warnings forever) I can enjoy my time without one for now.

hmbmd · 12-15-2018, 08:48 PM

Quote:

Originally Posted by RJC

Curious, do you own or lease your X5 and why?

I own. I drive too many miles to lease.

mhfrye · 12-15-2018, 09:41 PM

Own, as I typically keep my car 7-8 years and don't like being forced into trading at a specific point in time.

paul45 · 12-15-2018, 09:50 PM

75-80% of BMW and AUDI buyers lease according to several dealers.

Minnie · 12-15-2018, 09:51 PM

Own, I buy outright because I prefer to not have monthly payments .
I only average 5000 miles per year and I usually keep my cars for 5-7 years.

12-15-2018, 07:31 PM	#1
RJC First Lieutenant 180 Rep 301 Posts Drives: X5 xDrive45e Join Date: Dec 2018 Location: DC Metro iTrader: (0)	Do you own or lease? Curious, do you own or lease your X5 and why? Last edited by RJC; 12-15-2018 at 07:43 PM..
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12-15-2018, 07:35 PM	#2
AndroidRobot Major General 4336 Rep 6,121 Posts Drives: 2022 Porsche Boxster GTS Join Date: Apr 2018 Location: Houston, TX iTrader: (0) Garage List [0.00] 2022 Porsche Boxste ... [0.00]	Own, I drive a lot and leases won't work. The car will depreciate either way, at least with owning you can control more things I. e. drive more just pay more (assuming it's financed in some way) to account for the additional miles. Leasing has it's pros too like getting a new car every 3 years __________________ 2022 Porsche Boxster GTS Gentian Blue 2023 Porsche Spyder Python Green (on order) 2022 BMW M3 Comp AWD IOMG/Kyalami Orange (SOLD) 2018 BMW M2 Mineral Grey(SOLD) 2019 BMW X5 50i Carbon Black/Tartufo (SOLD)
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12-15-2018, 07:42 PM	#3
ILM_X5 Second Lieutenant 208 Rep 294 Posts Drives: 2024 X5 M60i Join Date: Oct 2018 Location: Surf City, NC iTrader: (0)	Own. Outright. __________________ '13 Raptor (sold); '14 Raptor (sold); '15 A6 Quattro (sold); '19 X5 xDrive 40i (sold); '20 4Runner TRD Pro (sold), '22 MDX A-Spec (sold); '22 MDX A-Spec (sold); '24 X5 M60i
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12-15-2018, 07:42 PM	#4
BobsM3Coupe Brigadier General 1479 Rep 3,954 Posts Drives: X5MC Join Date: Nov 2009 Location: California iTrader: (4)	Some states, CA for example, when you lease a vehicle, you only pay the sales tax on the monthly payment. Some states, (NY is one), you have to pay the full sales tax within the timeframe(24-48 months) of the lease.
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12-15-2018, 07:48 PM	#5
MystroX5 Major General 6321 Rep 5,350 Posts Drives: 2020 X7 M50i/ 911 Join Date: Dec 2018 Location: Central Pa. iTrader: (0)	Own. I never lease any of my vehicles.
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12-15-2018, 07:53 PM	#6
Xeno Major 315 Rep 1,449 Posts Drives: 2019 X5 M Sport 5.0i Join Date: Nov 2011 Location: USA iTrader: (0)	Own. This is a long-term purchase for me if it performs as well as my F15. __________________ 2019 BMW X5 xDrive 50i M Sport: ZD8/ZLS/ZMP/ZP2/ZPK/ZPX/337/ZX7/2NH 2015 BMW X5 xDrive 50i/XL/CW/DA+/EP/LP/FVS retired; 2008 X5 4.8i; 2012 X5 5.0i retired, 2004 X5 4.4i retired R360c + EL, V1G2 + V1Driver, Uniden R8
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12-15-2018, 07:56 PM	#7
tqbmw Private First Class 95 Rep 190 Posts Drives: 2013 F10 550 Join Date: Aug 2014 Location: Boston, MA iTrader: (0)	Own. This car is fresh for 7 years with this new body. Worth keeping 7 years and with that time frame come out ahead of you buy versus lease
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12-15-2018, 08:00 PM	#8
lumpydog Captain 694 Rep 978 Posts Drives: 2019 X5 Join Date: Aug 2013 Location: Boston iTrader: (0)	Own. Among other reasons, I like that I get to keep the plate I've had since I was 18yrs old - came with my first car. My car. My plate. Always been that way.
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12-15-2018, 08:03 PM	#11
cygnusecks Second Lieutenant 101 Rep 205 Posts Drives: X5 (G05) Join Date: Dec 2018 Location: Orlando, FL iTrader: (0)	Own. Don't feel the need for a new car every 3 years.
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12-15-2018, 08:10 PM	#12
RJC First Lieutenant 180 Rep 301 Posts Drives: X5 xDrive45e Join Date: Dec 2018 Location: DC Metro iTrader: (0)	I ask because I've always owned. Leasing sounds more expensive overall but I do think it's nice to keep getting a new car. Dealers are always pushing leases so I'm skeptical... Do you worry about repairs after the warranty is up?
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12-15-2018, 08:28 PM	#14
magna6882 First Lieutenant 162 Rep 360 Posts Drives: 2017 audi q7 Join Date: Jul 2018 Location: seattle iTrader: (0)	own. i don't like payments of any kind
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12-15-2018, 08:44 PM	#17
ghurty Private First Class 42 Rep 126 Posts Drives: Volvo Join Date: Jul 2018 Location: USA iTrader: (0)	Owned so I would be able to deduct the full amount on my taxes
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12-15-2018, 09:41 PM	#20
mhfrye Private 40 Rep 76 Posts Drives: 2019 BMW X5 Xdrive50i (g05) Join Date: Nov 2018 Location: Raleigh, NC iTrader: (0)	Own, as I typically keep my car 7-8 years and don't like being forced into trading at a specific point in time. __________________ 2019 BMW X5 50i & 2019 BMW X3 M40i 2016 BMW 435i (retired) 2012 BMW X5 35d (retired) 2008 BMW 550i (retired) 1997 BMW Z3 30i V6 (retired)
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12-15-2018, 09:50 PM	#21
paul45 Second Lieutenant 85 Rep 218 Posts Drives: 2019 X5 40i Join Date: Jul 2015 Location: FL, USA iTrader: (0)	75-80% of BMW and AUDI buyers lease according to several dealers.
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12-15-2018, 09:51 PM	#22
Minnie Private 41 Rep 73 Posts Drives: 2019 X5 40i M-Sport; X3 Join Date: Aug 2018 Location: CO iTrader: (0)	Own, I buy outright because I prefer to not have monthly payments . I only average 5000 miles per year and I usually keep my cars for 5-7 years. Last edited by Minnie; 12-15-2018 at 09:56 PM..
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