03-15-2020, 08:10 PM | #1 |
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Buy Used or Lease New?
So I am in the market and considering an i8. There is one here that is 1 owner CPO'd (2016) i8 right around $72,000 (with I'm sure room to talk down given the global market right now).
It's CPO is through 8/2021 (which doesn't feel very long) The other option is to try to structure a Lease deal on a 2020 (this will be more expensive from what I can tell per month payment wise by $200 a month). I'm also held to the mileage, and modification limitations of the Lease, but obviously the car's warranty / issues it would have would not be my liability. The other option is to seek a Lease Swap, but I am limited to the remaining time on that lease. What would you do / consider in this situation as the best option? |
03-16-2020, 11:06 AM | #2 |
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Just a few months ago I was in a similar situation as you, but I also had a trade (SUV) that made a lease take-over not viable. That said, I wanted warranty, and a CPO made the most sense. I'm now making payments on a 2016 BMW i8 in Frozen Blue over Cream. It currently has 25,000 miles. Factory warranty till 9/2020 and then CPO till 9/2021 -- so similar to the car you're talking about. Similar price point, too!
My driving needs make leasing difficult, too--- I tend to do 12-15k per year. Ive already put a few thousand on the i8. I'd personally say a loan makes sense, plus I think a 2016 is a good price point right now--- I think they will still lose value in the next few years like any other car, but the BULK of their deprecation is likely complete/over. That is my take, anyhow. FWIW, my business (manufacturing) is taking a dump right now (coronavirus) and I'm seriously contemplating exiting my BMW i8. My price would likely be ~$5k less than the $72k you talked about -- if you want more details PM me, we can talk. I'm up in Ohio-- not horribly far away. |
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03-16-2020, 11:25 AM | #3 | |
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2019 M850i (ED Mar 2019) Sonic Speed Blue/Fiona Red/Black
2018 X4 M4.0 blue/white (wife?s) 2015 i8 (Feb 2016) White Pure Impulse (SOLD) 2015 M4 (ED Aug 2014) Austin Yellow/Sakhir Orange, EXEC, DCT, LED, Driver Assist (SOLD) 2015 328GT (ED Apr 15), White, loaded (Wife's) 2012 X3 2.8, Dark Blue/Red (Wife's SOLD) Retired: 2011 535i, ED / 2008 335is / 2006 525i ED, 2003 525i ED / 2002 Audi TT |
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03-16-2020, 03:25 PM | #4 | |
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03-16-2020, 08:15 PM | #5 | |
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If not, happy hunting. They are great cars! Love mine and the looks its gets. Super posh, fun to drive, and amazing MPG to boot! |
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03-16-2020, 08:17 PM | #6 |
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PS :: Your profile says you drive a model 3 performance? My wife has one! We’ve had at least 1 Tesla in the garage since 2014, plus a Tesla Roadster (2010). Great brand/cars— though not quite BMW build quality, they are superb. Wife loves her Model 3 performance (I like it too; had it out on road courses before, stellar!)
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03-17-2020, 10:59 AM | #7 | |
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I personally think Hybrids are still the best option for daily use, and I may be giving up the Model 3 P for an i8, but that's what I am trying to resolve here. |
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