Best Luxury car for resale

[tigger1]

captain_cynic said:

tigger1 said:

You might want to go investigate the S8 lease thread...

Dealers / Brokers aren't paying RRP when they buy hundreds / thousands of cars to lease out. It can certainly be cheaper to lease SOME cars than to buy, especially if you're not doing massive miles. Don't forget to factor in that you can invest your 30-40k over the course of the lease too, further reducing the cost.

Don't under-estimate the ridiculously low-cost of financing if you can afford it.

I don't think anyone is paying RRP.

My 240i was barely above RRP with dealer delivery, £2500 of options and finance.

As above though, brokers are getting >30% off RRP, compared with your ~7%. A broker is getting almost 10k head-start on a private buyer in terms of depreciation on a new 40k car, and thus they can ignore the cost of the first year's depreciation when pricing their lease and STILL make a profit.

If you get the right deal, leasing can be way cheaper than buying - but it only works if the circumstances suit (you want the car for a fixed period, circumstances won't change, mileage travelled won't massively increase etc). Ruling out leasing because "I prefer to buy" is (IMHO) bonkers.

[captain_cynic]

tigger1 said:

As above though, brokers are getting >30% off RRP, compared with your ~7%. A broker is getting almost 10k head-start on a private buyer in terms of depreciation on a new 40k car, and thus they can ignore the cost of the first year's depreciation when pricing their lease and STILL make a profit.

If you get the right deal, leasing can be way cheaper than buying - but it only works if the circumstances suit (you want the car for a fixed period, circumstances won't change, mileage travelled won't massively increase etc). Ruling out leasing because "I prefer to buy" is (IMHO) bonkers.

Find me an optioned M240i manual for less than £36,000. Not fully optioned, but with some roughly equivalent to £2,500.

BTW, my discount was £3000 pre tax off the top. The price included delivery, services, first years VED (£800 in itself) and the aforementioned options.

I find it hard to believe that brokers are getting a new M240i for £20,000 pre-tax. They might get an extra £1000 for buying in bulk on un-optioned cars, but not £7000. Extraordinary claims require extra ordinary evidence, I'll happily admit I was wrong if you can find some, otherwise I have to call BS on that.

Leasing is never cheaper than buying, despite whatever dodgy maths you've used to convince yourself for one simple fact, when you buy you own an asset that's worth something, at the end of a lease you have nothing. However leasing has other benefits that you may (or may not) think are worth it, if you can afford it, I don't see an issue with either.

[captain_cynic]

.

[OddCat]

mambolambo said:

OddCat said:

When buying a car, I can't ever remember thinking about the ease of re-sale / disposal. I simply slip on my buying goggles and Bob's your Uncle.

I'm obviously doing something wrong !

Yes, I always go for the 5 liter petrol and my last 2 cars have been a fecking pain to sell on. I still want something good but after 6 months on the online sales shelf, you start to hate the sight of it.

I bought a 5 litre petrol recently too. D'ohh ! But then again the torque, the noise, the joy of simply owning the thing........

Edited to add: I assume the pain was trying to get the price you want. Everything will sell quickly for the right price ?

Edited by OddCat on Friday 24th November 16:48

[h0b0]

captain_cynic said:

Leasing is never cheaper than buying, despite whatever dodgy maths you've used to convince yourself for one simple fact, when you buy you own an asset that's worth something, at the end of a lease you have nothing. .

This is why we need better finance education at schools.

Having paid $40k for an asset that’s now worth $30k doesn’t make you better off than the person that rented it for $8k. It makes you $2k down. The $2k apparently buys you a superior tone though.

In a strange twist, my wife’s Tiguan was leased. After 3 years VW offered to sell it to us at s bargain price. By leasing and then buying we saved $3k.

[jjr1]

captain_cynic said:

tigger1 said:

Leasing is never cheaper than buying, despite whatever dodgy maths you've used to convince yourself for one simple fact, when you buy you own an asset that's worth something, at the end of a lease you have nothing. However leasing has other benefits that you may (or may not) think are worth it, if you can afford it, I don't see an issue with either.

Jesus wept, the retards forgot to take basic maths yet again.

[jjr1]

An interesting thread as I am currently trying to buy another car privately up to £35k for my daily usage. My last recce resulted in me going to BCA to acquire a BMW 430D after every private seller priced themselves out of the market by suggesting theirs was worth retail money.

The same thing appears to be happening again this month.

My shortlist in no particular order is

Golf R - The cheapest 65 plate cars are all dealers. The couple of retards selling privately are 2k over these prices.

Mercedes S Class - A couple of cars advertised but again at dealer money but with no list of extras etc in their ads and the bare minimum of a description.

Porsche Cayenne - A couple of semi reasonable spec cars but their sellers live in cloud cuckoo land and lie blatantly. One of them has told me that his car was bought from a Porsche OPC just 6 months ago when it was clearly bought from Sytner Direct. The difference being 18 months of warranty......


So to balance this thread there are private buyers with cash in hand but we are not as stupid as the average person walking into a dealer and desperately needing finance and willing to believe every bullst story.

[ZX10R NIN]

mambolambo said:

I have had a Panamera turbo for sale, very, very well priced for the last 6 or so months. I think I have finally sold but what a pain. I guess the things that put people off are:

1) stumping up a fair wad of cash for a 2010 car
2) well, cannot think of anything else.

My next car I would hopefully like to sell quicker. I am thinking of a luxury saloon as I have 3 kids. Any pointers?

You have to remember you're selling a complex 100+k car (I know it's 7 years old) with 100k car running costs with no warranty or dealer back up.

It's a hard sell but having a warranty most manufacturers offer warranties on cars upto ten years old this would've made your car easier to sell, it would have still taken a while but I think you'd have had a bite sooner.

[Ursicles]

Re the M240i comment ... Can get a new one easy for £29k on 3.9% Apr from BMW directly.

Just speak to TRL on the baby BMW site.

[Pistom]

jjr1 said:

An interesting thread as I am currently trying to buy another car privately up to £35k ...............

So to balance this thread there are private buyers with cash in hand but we are not as stupid as the average person walking into a dealer and desperately needing finance and willing to believe every bullst story.

This.

[tigger1]

jjr1 said:

captain_cynic said:

Leasing is never cheaper than buying, despite whatever dodgy maths you've used to convince yourself for one simple fact, when you buy you own an asset that's worth something, at the end of a lease you have nothing. However leasing has other benefits that you may (or may not) think are worth it, if you can afford it, I don't see an issue with either.

Jesus wept, the retards forgot to take basic maths yet again.

You cocked your quoted up there - it was captain_cynic that said that, not me (corrected above).

Captain_C: Leasing can often be cheaper than buying. As I said previously, not always, but I can show you a number of deals today where this is the case. Again, go read one of the leasing threads, or pretend you know better and ignore the numbers - frankly I don't mind either way

(For the record, I've just bought my car, no finance, but wife's car is a personal lease)