BMW Garage BMW Meets Register Today's Posts
BIMMERPOST Universal Forums Off-Topic Discussions Board I have lease regrets

Post Reply
 
Thread Tools Search this Thread
      09-04-2020, 06:26 PM   #1
moto111
Enlisted Member
29
Rep
40
Posts

Drives: 15 mustang
Join Date: Feb 2018
Location: chicago

iTrader: (0)

I have lease regrets

Anybody ever get into a lease and then regret it? Only had my 340 a short while but I just got a promotion at work yeah me but it requires me to drive double . So I feel like I’m in a bad spot I can afford the car definitely but wish I could go back about a month.
Appreciate 0
      09-04-2020, 06:46 PM   #2
FrostNixon
First Lieutenant
101
Rep
309
Posts

Drives: vw golf
Join Date: Jun 2020
Location: Bulgaria

iTrader: (0)

Not me, got an engine with lower consumption than. my previous car and have everything covered.
Appreciate 0
      09-04-2020, 06:51 PM   #3
moto111
Enlisted Member
29
Rep
40
Posts

Drives: 15 mustang
Join Date: Feb 2018
Location: chicago

iTrader: (0)

Lol I love the car just the miles will be a issue now . Last month they weren’t now they are life is funny sometimes ain’t it lol
Appreciate 1
      09-04-2020, 09:04 PM   #4
Burrcold
Brigadier General
5213
Rep
3,929
Posts

Drives: 2024 M3 Comp xDrive
Join Date: Oct 2019
Location: Toronto, Canada

iTrader: (0)

Oh well, bonus is now you get to drive it twice as much! Just put aside a bit to pay for mileage overage if you have any at lease end, or buy out the lease. If you really want out and want something more economical, you could put it up on lease swap or one of those sites.
__________________
Current: 2024 BMW M3 Competition xDrive | 2022 Audi Q7
Gone: 2022 Audi RS5 | 2020 BMW M340i | 2019 Audi RS5
Appreciate 0
      09-04-2020, 09:30 PM   #5
premier3is
Major
premier3is's Avatar
1628
Rep
1,003
Posts

Drives: 2019 BMW 330i M-Sport
Join Date: Jul 2019
Location: CA

iTrader: (0)

No offense but these are things to plan for when leasing in case situations like yours arise.

Lease swap, get a beater for daily driving to work, or just pay the mileage overage if you have to. Nothing else you can really do.
Appreciate 2
vreihen1615140.50
      09-04-2020, 11:00 PM   #6
tturedraider
Major General
tturedraider's Avatar
United_States
4958
Rep
6,222
Posts

Drives: 2018 340i M Sport
Join Date: Apr 2006
Location: Chicago, Edgewater (via Texas & Tennessee)

iTrader: (0)

Garage List
Quote:
Originally Posted by moto111 View Post
Lol I love the car just the miles will be a issue now . Last month they weren’t now they are life is funny sometimes ain’t it lol
fyi - you can buy extra miles before the lease is up at a discounted rate. You can do that practically right up to the day before the lease ends, so you know exactly how many miles to buy.
__________________
https://youtu.be/-ay-8p2p29w
www.bmwcca.org
member #388003 - Use me as a referral
& you could win a one day ///M Driving School!!

___________________________________________
Appreciate 2
      09-04-2020, 11:49 PM   #7
upsidedownfunnel
Colonel
United_States
1996
Rep
2,499
Posts

Drives: 2014 335i
Join Date: Jul 2017
Location: SoCal

iTrader: (4)

Garage List
2014 BMW 335i  [0.00]
Are you reimbursed for the driving? Or are you saying your commute is just twice as long?

How many miles is it? Mileage overage isn't as bad as some people make it seem. Some people will literally drive a POS car if they go over mileage to save a couple hundred bucks while paying $700/month for their lease payment. How does that make any sense?

Unless you're going significantly over, just pay the mileage overage and enjoy your car. it'll still most likely be significantly cheaper than any other option you could take.
Appreciate 0
      09-05-2020, 06:41 AM   #8
HighlandPete
Lieutenant General
6659
Rep
15,858
Posts

Drives: BMW F11 535i Touring
Join Date: Mar 2007
Location: Scotland, Highland Region

iTrader: (0)

Quote:
Originally Posted by moto111 View Post
Anybody ever get into a lease and then regret it? Only had my 340 a short while but I just got a promotion at work yeah me but it requires me to drive double . So I feel like I’m in a bad spot I can afford the car definitely but wish I could go back about a month.
I'm intrigued. Got to ask what is the problem? If not affordability.

Surely double the miles will mean enjoying the 340i more than ever.
Appreciate 1
      09-05-2020, 08:13 AM   #9
contented
Private First Class
194
Rep
153
Posts

Drives: 2020 M2C DCT, 2022 Ford Bronco
Join Date: May 2020
Location: SE USA

iTrader: (0)

IMHO, the attractiveness of a lease depends upon many things. Benefits both ways. What works for one, doesn't for another. Leased our X3. M2C bought the traditional way. For me, I doubt we'll lease again, but thats just me. After studying our lease contract, it appears to me there is no inexpensive way out, but others are no doubt more knowledgeable on the topic.

Contented
Appreciate 0
      09-05-2020, 08:31 AM   #10
PYE46M3
Captain
852
Rep
658
Posts

Drives: E46 M3, E92 M3
Join Date: Nov 2018
Location: CA

iTrader: (0)

Quote:
Originally Posted by premier3is View Post
No offense but these are things to plan for when leasing in case situations like yours arise.
This ! But it shouldn’t honestly make a difference.... if you’re perfectly fine spending $30,000 to drive a new car around for 36 months and walk away with nothing, then what’s another 5 grand ?
Appreciate 3
sygazelle11329.50
SakhirM410783.00
      09-05-2020, 09:35 AM   #11
P1
Lieutenant General
P1's Avatar
11563
Rep
11,135
Posts

Drives: 2004 3/4 ton Duramax
Join Date: Aug 2007
Location: United States

iTrader: (1)

Don’t you get compensated for your work-related driving?
Appreciate 0
      09-05-2020, 10:40 AM   #12
Maitre_Absolut
Captain
Maitre_Absolut's Avatar
882
Rep
886
Posts

Drives: M3 CS, Audi RS6
Join Date: Jun 2018
Location: Montreal

iTrader: (0)

I dont understand the regret, what would you do differently, purchase it instead of lease? If so just buy it out? You do realize that the higher mileage you would pay for in the lease is the same as lower resell down the line if you owned it.
__________________
23 Audi RS6
23 BMW X3 30e Msport
18 M3 CS
17 Porsche Macan GTS
14 Audi S4
Appreciate 1
RickFLM410954.50
      09-05-2020, 10:44 AM   #13
G35POPPEDMYCHERRY
Banned
G35POPPEDMYCHERRY's Avatar
No_Country
4995
Rep
4,139
Posts

Drives: F80
Join Date: Dec 2015
Location: Philadelphia

iTrader: (1)

don't overthink your car purchases. sours the ownership enjoyment.
Appreciate 5
rebekahb3130.00
Soul_Glo13342.00
Murf99314114.00
Redacre367.50
      09-05-2020, 12:39 PM   #14
upstatedoc
I'll get back to you
upstatedoc's Avatar
7556
Rep
2,132
Posts

Drives: blue streak
Join Date: Dec 2009
Location: not downstate

iTrader: (2)

are you 21?
__________________
2018 Stinger GT
2009 E90 N51 /Active Autowerke Stage 2 tune/BMW Performance Exhaust/
Countermeasure enthusiast.
Appreciate 2
P111563.00
premier3is1628.00
      09-05-2020, 12:53 PM   #15
msan
Major
403
Rep
1,171
Posts

Drives: 2011 E90 M3 / 2012 X5 35i M Sp
Join Date: May 2015
Location: Los Angeles, CA

iTrader: (16)

Reminded me of this...
Attached Images
 
Appreciate 5
Soul_Glo13342.00
Murf99314114.00
GenXer1363.00
      09-05-2020, 01:20 PM   #16
Soul_Glo
Major General
Soul_Glo's Avatar
United_States
13342
Rep
7,484
Posts

Drives: G20
Join Date: May 2013
Location: Manhattan, NYC

iTrader: (1)

Life's too short for lease regrets. Tank full of chevron (techron) premium gas and enjoy the ride.
Appreciate 0
      09-05-2020, 05:09 PM   #17
Smgs1992
Captain
720
Rep
946
Posts

Drives: 2007 bmw 335i
Join Date: Apr 2020
Location: Cincinnati ohio

iTrader: (0)

Find someone who wants to buy out your lease and lease or buy with different mileage
__________________
07 E92 335i 6MT, MMP inlets, DCI, VRSF 7.5 competition intercooler, VRSF catless downpipes, VRSF chargepipe, 335is clutch, Vader Solutions stage 2 LPFP, MHD stage 2+, Hawk HPS 5.0 pads, R1 Concepts drilled slotted rotors, TSW Nurburgring 19x8 19x9.5
Appreciate 1
      09-05-2020, 05:28 PM   #18
DocL
Captain
DocL's Avatar
United_States
1927
Rep
868
Posts

Drives: 2018 M3
Join Date: Jan 2019
Location: Delray Beach

iTrader: (2)

If you like the car it shouldn't matter. Just buy the extra miles before you turn it in. At least you didn't lease it and only put 7,500mi on it in three years. That is a complete waste of money and I never understand why people don't drive a leased car. You are paying for the depreciation, so depreciate the fuck out of it. Done.
__________________
2018 F80 M3. YMB/BLK. ZCP. Three Pedals.
"Education will never be as expensive as ignorance."
Appreciate 2
Murf99314114.00
      09-05-2020, 06:03 PM   #19
P1
Lieutenant General
P1's Avatar
11563
Rep
11,135
Posts

Drives: 2004 3/4 ton Duramax
Join Date: Aug 2007
Location: United States

iTrader: (1)

Quote:
Originally Posted by DocL View Post
If you like the car it shouldn't matter. Just buy the extra miles before you turn it in. At least you didn't lease it and only put 7,500mi on it in three years. That is a complete waste of money and I never understand why people don't drive a leased car. You are paying for the depreciation, so depreciate the fuck out of it. Done.
You mean drive it within an inch of its life...
Appreciate 1
      09-05-2020, 08:03 PM   #20
F32Fleet
Lieutenant General
F32Fleet's Avatar
United_States
3566
Rep
10,346
Posts

Drives: 2015 435i
Join Date: May 2005
Location: Southeastern US

iTrader: (0)

So sell the car. Will having a BMW go over well with your clientele?
__________________
"Drive more, worry less. "

435i, MPPK, MPE, M-Sport Line
Appreciate 1
      09-05-2020, 08:05 PM   #21
BimmerDimmer6
Captain
BimmerDimmer6's Avatar
United_States
1472
Rep
826
Posts

Drives: 2016 F80 M3 6MT / 2019 Raptor
Join Date: Apr 2020
Location: Tampa Fl

iTrader: (0)

I don't understand leases or people that buy new for that matter. I don't care how successful I am, I'd never buy another high end vehicle new again. You hate money if you do imo

Wait 2-3 years, find low miles, finance, and drive cars for practically nothing if you're smart.
Appreciate 1
Murf99314114.00
      09-05-2020, 08:09 PM   #22
F32Fleet
Lieutenant General
F32Fleet's Avatar
United_States
3566
Rep
10,346
Posts

Drives: 2015 435i
Join Date: May 2005
Location: Southeastern US

iTrader: (0)

Quote:
Originally Posted by BimmerDimmer6 View Post
I don't understand leases or people that buy new for that matter. I don't care successful I am, I'd never buy another high end vehicle new again. You hate money if you do imo

Wait 2-3 years, find low miles, finance, and drive cars for free if you're smart.
I buy new because I don't want to buy a ragged out 2-3 yr old lease turn-in which was just returned to stock tune.
__________________
"Drive more, worry less. "

435i, MPPK, MPE, M-Sport Line
Appreciate 4
Post Reply

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 02:09 AM.




bmw
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST