Thinking about trading in my SI

2evolved · 05-03-2007, 12:04 PM

I'm thinking about trading in the SI for a BMW 335I Coupe, kinda missing rwd.

Any thoughts?

I know I'm going to lose alot of money because according trade in value for my car is like 18k w/ navi and 14k miles and I owe 22k. Although value of car does not include factory aero kit, clear bra, and such but I guess those don't really matter?

In any case I want to lease the BMW, does anyone know how that works with still owing money on a car, I don't really want to pay off the remaining loan, just bought a home ';..;'

noahrexion^2 · 05-03-2007, 12:27 PM

Dont take any offense to this but it seems like you are the kind of guy who will be owing for quite a while. So many people are just fine always making payments and never actually owning anything.

I see you are 22, you bought a house, new 8th si and now you want a 335i to lease. Although a little different than I have/would approach these things I can still shoot out my opinion FWIW.

The lease thing is a bad idea... You lose more leasing a car than you would buying it, making payments and then reselling when the value is still up there. Example of this is on a japanese car brand and some german brands (mostly BMW's as Mercedes and Audi don't hold as much value as BMW's) that you give back after two years of leasing when you could be selling them.

My thought is that if you really just miss RWD, then get something that you can BUY. Leasing your BMW will probably bump your payments up beyond that of what you are paying for your civic. Especially since you - Im assuming - own a 06' FG2 w/ NAVI and after a year you still owe 22k. Not that thats horrible since most people pay interest only for at least a year before the principle really gets touched. But most lease signings involve high payments, big deposits and all that jazz which it seems like you don't have.

I can think of at least 25 awesome cheap RWD cars to own that can be owned for aywhere from $2k-$12k. Imagine what your payment would be on this type of thing plus your civic vs. a brand new BMW? Same? Less? Think about it!

Anubis · 05-03-2007, 12:28 PM

My first thought would be why is such an upgrade needed? Many RWD cars out there, but why do you want a BMW? They are great cars, but going from a civic to a BMW + the addition of a new home =$$$$. Now you say you want to lease the BMW will make your monthly payment less than buying the new car but still......I would weigh everything in you mind and think everything thru, but best of luck to you.

pure2.0 · 05-03-2007, 12:39 PM

Honestly, I would stick with he Si for another year or two, at least; maybe then try a private party sale....

No sense screwing yourself over a car, ....

Exeon · 05-03-2007, 01:00 PM

keep Si and buy a bike Honda cbr or yamaha r6

Jardiniboy · 05-03-2007, 02:18 PM

Since you miss RWD why don't you just get something cheeper like a 240sx or G35 sedan. A BMW 335i is hot. But do you really just buying it because it's has twin turbos

aki · 05-03-2007, 02:22 PM

Quote:

I don't really want to pay off the remaining loan, just bought a home ';..;'

You don't mind spending a boat-load on a car that you'll never even own (BMW), but you don't want to pay off the remaining loan?

It all depends on how much you make, how much mortgage is, but if you're thinking of leasing cus' you can't afford to buy the 335 new then it's definitely a bad idea. Don't spend on what you can't afford.

The thing is, what's the rush in owning a RWD car? You're 22. Wait 10 years, and by then BMW will release yet another bunch of "zomg I gotta buy" 3 series. Just focus on paying off what you have now. It sounds like you're making impulse decisions, given that you're so quickly selling a car you just bought. Who knows, maybe after a year you'll get sick of the 335i.

2evolved · 05-03-2007, 02:40 PM

I just got back from the dealership and there is no 335i coupes available until September, I won't settle for a sedan.

I'm not leasing because I can't afford to buy, I lease because I have a bad habit of getting sick of cars quick, I rather just drive a new car every 3 years or so.

Mortgage payments are not too bad I have rental income as well.

inyong1988 · 05-03-2007, 02:42 PM

If you don't mind with loss and can afford it. I would say go for it.

2evolved · 05-03-2007, 02:42 PM

Quote:

Originally Posted by Jardiniboy

Since you miss RWD why don't you just get something cheeper like a 240sx or G35 sedan. A BMW 335i is hot. But do you really just buying it because it's has twin turbos

I've had the G35 coupe, it was ok, I drove the 335i sedan and it feels real nice, smooth, and powerful. The sedan looks ugly imo. I've had an Evo before the G35 and I loved turbo driving.

I don't mind making payments and not owning because I finance all my cars anyway, its almost the samething as leasing...

inyong1988 · 05-03-2007, 02:43 PM

how much is your monthly? If you dont mind me askin....and how many yrs.

2evolved · 05-03-2007, 03:31 PM

Do you mean car?

$483 for 5 yrs, almost 1 yr paid off already.

HondaFamilyMan · 05-03-2007, 03:49 PM

Quote:

Originally Posted by 2evolved

I don't mind making payments and not owning because I finance all my cars anyway, its almost the samething as leasing...

Buying is not the same as leasing. When you lease, the car is owned by someone else and you are in essence paying the cost of the depreciation for them. You also pay for usage.

IMO the deal doesn't feel quite right (excessively expensive) and you are looking for validation. If you seek it, you will find it.

peace.

SIis4ME · 05-03-2007, 04:07 PM

One question you should ask before leasing is how many miles do you drive a year, if you do 15K plus a year then a lease is a very bad idea. you should also wait for next year the 335 coupe is new and dealers mark them up like crazy, Leases are great for getting 40K and over cars, no big down payment and you pay for what you use but if you drive alot, more than likely you will end up getting screwed at the end by paying for mile overage at like 12 cents a mile.

Be carefull. Plus factor in the price of Gas the 335 is a bit thirsty and you will have to factor in another 250 300 a month on top of lease payments on gas to drive that powerfull BMW around at 65mph just ginving my 2 cents in

Good luck

SIis4ME · 05-03-2007, 04:14 PM

Most of you who seem to hate on leasing, Lasing is great when you have loads of money and you want to buy those 50K plus Automobiles.

Think about it to get a 50k plus car and still have a 580 to 800 a month payment would require like 25 to 30K our of pocket. so why not earn 12 to 15% on that 25K to 30K in some good investment instead of dumping it into a stupid Car, Now leasing is a completly stupid idea when you want to lease a 20k car that is where the leasing companies realy make out on Fools with big dreams and small pockets.

Most Doctors, Bankers & Lawyers lease they 100k MB and BM's and write a protion of the lease off on their taxes. Then leasing is good.

sf-si-02 · 05-03-2007, 04:19 PM

Quote:

Originally Posted by SIis4ME

Most Doctors, Bankers & Lawyers lease they 100k MB and BM's and write a protion of the lease off on their taxes. Then leasing is good.

as long as you have a home business (NB: tax-shelter) you are absolutely correct

Biggeo · 05-03-2007, 04:41 PM

I sell BMW's and drive an Si. 335 coupes are great, but cost $50,000...much more then your Honda. I have a black coupe on the floor right now, but anything not on my lot will be here on an as-order basis.

It's your decision to whether to buy or lease...or wait.

2evolved · 05-03-2007, 06:52 PM

Maybe your dealership can send that black coupe over to MA because today I had no luck finding a 335i coupe... they are on backorder until september =(... I like the IS250 manual but man 204 is weak for a 6 cylinder now a days. Plus no navi option in the IS250 manual what is lexus thinking...

sf-si-02 · 05-03-2007, 06:55 PM

Quote:

Originally Posted by 2evolved

Maybe your dealership can send that black coupe over to MA because today I had no luck finding a 335i coupe... they are on backorder until september =(... I like the IS250 manual but man 204 is weak for a 6 cylinder now a days. Plus no navi option in the IS250 manual what is lexus thinking...

Yeah, I saw the lease rates on the 335i and I swear I thought the same thing to myself. Why not order one, and find some chump to take the si in the meanwhile?

TommyD · 05-03-2007, 07:30 PM

$4k loss, screw that! Wait it out. Buying expensive cars is going to get dumber and dumber as the cost of gasoline keeps going up and up. Higher car payment + higher insurance payment + higher gas costs....well I wouldn't do it.

05-03-2007, 12:04 PM	#1 (permalink)
2evolved Senior Member Join Date: May 2006 Location: Boston Age: 23 Posts: 603 iTrader: 3 / 100%	Thinking about trading in my SI I'm thinking about trading in the SI for a BMW 335I Coupe, kinda missing rwd. Any thoughts? I know I'm going to lose alot of money because according trade in value for my car is like 18k w/ navi and 14k miles and I owe 22k. Although value of car does not include factory aero kit, clear bra, and such but I guess those don't really matter? In any case I want to lease the BMW, does anyone know how that works with still owing money on a car, I don't really want to pay off the remaining loan, just bought a home ';..;'

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05-03-2007, 12:27 PM	#2 (permalink)
noahrexion^2 Senior Member Join Date: Mar 2007 Location: socal Age: 26 Posts: 234 Nikon Squad #7 iTrader: 1 / 100%	Dont take any offense to this but it seems like you are the kind of guy who will be owing for quite a while. So many people are just fine always making payments and never actually owning anything. I see you are 22, you bought a house, new 8th si and now you want a 335i to lease. Although a little different than I have/would approach these things I can still shoot out my opinion FWIW. The lease thing is a bad idea... You lose more leasing a car than you would buying it, making payments and then reselling when the value is still up there. Example of this is on a japanese car brand and some german brands (mostly BMW's as Mercedes and Audi don't hold as much value as BMW's) that you give back after two years of leasing when you could be selling them. My thought is that if you really just miss RWD, then get something that you can BUY. Leasing your BMW will probably bump your payments up beyond that of what you are paying for your civic. Especially since you - Im assuming - own a 06' FG2 w/ NAVI and after a year you still owe 22k. Not that thats horrible since most people pay interest only for at least a year before the principle really gets touched. But most lease signings involve high payments, big deposits and all that jazz which it seems like you don't have. I can think of at least 25 awesome cheap RWD cars to own that can be owned for aywhere from $2k-$12k. Imagine what your payment would be on this type of thing plus your civic vs. a brand new BMW? Same? Less? Think about it!

05-03-2007, 12:28 PM	#3 (permalink)
Anubis Senior Member Join Date: Sep 2006 Location: Williamsburg, VA Age: 28 Posts: 4,844 iTrader: 6 / 100%	My first thought would be why is such an upgrade needed? Many RWD cars out there, but why do you want a BMW? They are great cars, but going from a civic to a BMW + the addition of a new home =$$$$. Now you say you want to lease the BMW will make your monthly payment less than buying the new car but still......I would weigh everything in you mind and think everything thru, but best of luck to you.

05-03-2007, 12:39 PM	#4 (permalink)
pure2.0 Senior Member Join Date: Feb 2007 Location: Leominster, MA Posts: 681 iTrader: 1 / 100%	Honestly, I would stick with he Si for another year or two, at least; maybe then try a private party sale.... No sense screwing yourself over a car, ....

05-03-2007, 01:00 PM	#5 (permalink)
Exeon Senior Member Join Date: Mar 2006 Location: Burnsville, MN Age: 21 Posts: 2,035 lost the mod bug iTrader: 11 / 100%	keep Si and buy a bike Honda cbr or yamaha r6

05-03-2007, 02:18 PM	#6 (permalink)
Jardiniboy Senior Member Join Date: Jan 2007 Location: Waipahu, Hawaii Posts: 3,817 Jasten iTrader: 2 / 100%	Since you miss RWD why don't you just get something cheeper like a 240sx or G35 sedan. A BMW 335i is hot. But do you really just buying it because it's has twin turbos

05-03-2007, 02:40 PM	#8 (permalink)
2evolved Senior Member Join Date: May 2006 Location: Boston Age: 23 Posts: 603 iTrader: 3 / 100%	I just got back from the dealership and there is no 335i coupes available until September, I won't settle for a sedan. I'm not leasing because I can't afford to buy, I lease because I have a bad habit of getting sick of cars quick, I rather just drive a new car every 3 years or so. Mortgage payments are not too bad I have rental income as well.

05-03-2007, 02:42 PM	#9 (permalink)
inyong1988 Senior Member Join Date: Jun 2006 Location: VA Posts: 17,815 BIPPU iTrader: 40 / 98%	If you don't mind with loss and can afford it. I would say go for it.

05-03-2007, 02:43 PM	#11 (permalink)
inyong1988 Senior Member Join Date: Jun 2006 Location: VA Posts: 17,815 BIPPU iTrader: 40 / 98%	how much is your monthly? If you dont mind me askin....and how many yrs.

05-03-2007, 03:31 PM	#12 (permalink)
2evolved Senior Member Join Date: May 2006 Location: Boston Age: 23 Posts: 603 iTrader: 3 / 100%	Do you mean car? $483 for 5 yrs, almost 1 yr paid off already.

05-03-2007, 04:07 PM	#14 (permalink)
SIis4ME Member Join Date: Mar 2007 Location: Bayonne, NJ Age: 40 Posts: 76 ROMULUS iTrader: 0 / 0%	One question you should ask before leasing is how many miles do you drive a year, if you do 15K plus a year then a lease is a very bad idea. you should also wait for next year the 335 coupe is new and dealers mark them up like crazy, Leases are great for getting 40K and over cars, no big down payment and you pay for what you use but if you drive alot, more than likely you will end up getting screwed at the end by paying for mile overage at like 12 cents a mile. Be carefull. Plus factor in the price of Gas the 335 is a bit thirsty and you will have to factor in another 250 300 a month on top of lease payments on gas to drive that powerfull BMW around at 65mph just ginving my 2 cents in Good luck

05-03-2007, 04:14 PM	#15 (permalink)
SIis4ME Member Join Date: Mar 2007 Location: Bayonne, NJ Age: 40 Posts: 76 ROMULUS iTrader: 0 / 0%	Most of you who seem to hate on leasing, Lasing is great when you have loads of money and you want to buy those 50K plus Automobiles. Think about it to get a 50k plus car and still have a 580 to 800 a month payment would require like 25 to 30K our of pocket. so why not earn 12 to 15% on that 25K to 30K in some good investment instead of dumping it into a stupid Car, Now leasing is a completly stupid idea when you want to lease a 20k car that is where the leasing companies realy make out on Fools with big dreams and small pockets. Most Doctors, Bankers & Lawyers lease they 100k MB and BM's and write a protion of the lease off on their taxes. Then leasing is good.

05-03-2007, 04:41 PM	#17 (permalink)
Biggeo Senior Member Join Date: Aug 2006 Location: Deerfield Beach, FL Age: 32 Posts: 254 iTrader: 1 / 100%	I sell BMW's and drive an Si. 335 coupes are great, but cost $50,000...much more then your Honda. I have a black coupe on the floor right now, but anything not on my lot will be here on an as-order basis. It's your decision to whether to buy or lease...or wait.

05-03-2007, 06:52 PM	#18 (permalink)
2evolved Senior Member Join Date: May 2006 Location: Boston Age: 23 Posts: 603 iTrader: 3 / 100%	Maybe your dealership can send that black coupe over to MA because today I had no luck finding a 335i coupe... they are on backorder until september =(... I like the IS250 manual but man 204 is weak for a 6 cylinder now a days. Plus no navi option in the IS250 manual what is lexus thinking...

05-03-2007, 07:30 PM	#20 (permalink)
TommyD Senior Member Join Date: Jun 2006 Posts: 1,361 iTrader: 0 / 0%	$4k loss, screw that! Wait it out. Buying expensive cars is going to get dumber and dumber as the cost of gasoline keeps going up and up. Higher car payment + higher insurance payment + higher gas costs....well I wouldn't do it.