Complicated move from '09 to '12 - should I?
Thread Starter
Registered User
Joined: Dec 2009
Posts: 327
Likes: 1
From: Toronto, Ontario
MArc,
I sell these cars, I know how it works. They don't NEED to do it now, they just make you think it. When the new model comes out and your lease is up, you will have the same kind of specials running, When your about 3 months out of your lease they will be running a pull ahead program. Why do you think we did so many 18 month leases? I say wait for the new model, if you like it then go for it, if you don't do you think the 13's will be more expensive when everyone is rushing in to get a 14? Negative, it will be an even better deal without having to jump into a 48 month lease, which at that is a more expensive lease than a 24 month, which is the optimal one now, unless they are trying to bury your current lease into the new one, which means you will carry more negative into your lease and you will be paying more into it. Just my 2 cents, but if you want to jump into a 13 for 4 years when the 14 model will be a vast improvement, then go for it. But just remember for 3 years you will be driving around looking at what could have been.
Also I am a fellow Canadian from North Bay, I wouldn't steer you wrong
I sell these cars, I know how it works. They don't NEED to do it now, they just make you think it. When the new model comes out and your lease is up, you will have the same kind of specials running, When your about 3 months out of your lease they will be running a pull ahead program. Why do you think we did so many 18 month leases? I say wait for the new model, if you like it then go for it, if you don't do you think the 13's will be more expensive when everyone is rushing in to get a 14? Negative, it will be an even better deal without having to jump into a 48 month lease, which at that is a more expensive lease than a 24 month, which is the optimal one now, unless they are trying to bury your current lease into the new one, which means you will carry more negative into your lease and you will be paying more into it. Just my 2 cents, but if you want to jump into a 13 for 4 years when the 14 model will be a vast improvement, then go for it. But just remember for 3 years you will be driving around looking at what could have been.
Also I am a fellow Canadian from North Bay, I wouldn't steer you wrong
If I took a 4 year lease it would be with the intention of swapping early (after 18 months to to 2 years). I can't imagine that the "deal" then will be as attractive if I am trying to swap a previous model car for the latest greatest. Surely the resale value of the current G's will drop relative to the new ones.
The only advantage would be in 18 months to have a lease with a low monthly (due to today's incentives because the car is at the end of its run) relative to any comparable cars (easy to beat BMW and should be significantly lower than a '14 G) so someone would want to take over the lease. I would then be stuck paying more for whatever is current then, or, keeping my low payment and keeping the '12 G.
Am I missing something?
Thread Starter
Registered User
Joined: Dec 2009
Posts: 327
Likes: 1
From: Toronto, Ontario
If the new G is a big step up, I would then be able to decide whether it was worth $n extra compared to the '12 (or the '09). If something else comes along, same equation. I already decided the '13 BMW 335 was NOT worth $250 more per month than I am paying for my '09, even though I would rather drive it than my G. $50 maybe
Registered Member
Joined: Feb 2011
Posts: 1,284
Likes: 24
From: Waterloo, Ont.
Marc, you have a really nice car at the moment, which most people can't tell from a 2007 to a 2013. Hell, some people cant tell it from an 03 unless side-by-side.
Why not drive it for another 8 months or so and then see what the new 2014 G really has to offer and perhaps a few other brands as well?
How much money are you expecting to save per month if you pickup the 2012?
Why not drive it for another 8 months or so and then see what the new 2014 G really has to offer and perhaps a few other brands as well?
How much money are you expecting to save per month if you pickup the 2012?
I must be dumb. If you have no intention of buying out the car, what other way would you maximize your position other than reducing the monthly payment? And reducing the payment without reducing the quality or features of the car itself?
If the new G is a big step up, I would then be able to decide whether it was worth $n extra compared to the '12 (or the '09). If something else comes along, same equation. I already decided the '13 BMW 335 was NOT worth $250 more per month than I am paying for my '09, even though I would rather drive it than my G. $50 maybe
If the new G is a big step up, I would then be able to decide whether it was worth $n extra compared to the '12 (or the '09). If something else comes along, same equation. I already decided the '13 BMW 335 was NOT worth $250 more per month than I am paying for my '09, even though I would rather drive it than my G. $50 maybe
Apparently you responded before I deleted. It happens.
Thread Starter
Registered User
Joined: Dec 2009
Posts: 327
Likes: 1
From: Toronto, Ontario
Marc, you have a really nice car at the moment, which most people can't tell from a 2007 to a 2013. Hell, some people cant tell it from an 03 unless side-by-side.
Why not drive it for another 8 months or so and then see what the new 2014 G really has to offer and perhaps a few other brands as well?
How much money are you expecting to save per month if you pickup the 2012?
Why not drive it for another 8 months or so and then see what the new 2014 G really has to offer and perhaps a few other brands as well?
How much money are you expecting to save per month if you pickup the 2012?
Your thought was my original thought. But I already know I like the 335, but won't pay the exorbitant lease $'s for one. If the new G is so great, why couldn't I still switch over to one in 8 months or so...or 18 months? My monthly will be attractive to someone else who wants a great car for not much more per month than a mid-grade Toyota or Nissan or Hyundai. In the meantime, the monthy savings x 14 or 15 months will pay for a good chunk of the cost of switching to a new ride extremely early or will go into my bank account for the trouble of driving a brand new G37XS top of the line (a problem a lot of people would be happy to have).
Other than the 335 and potentially the new G, I am not aware of any other cars that fit my desires. When is the new Lexus IS coming out? Based on the new GS, it won't have anything better than the 3.5 or an 8 speed, so not likely interested. Can't think of any others!!
Thread Starter
Registered User
Joined: Dec 2009
Posts: 327
Likes: 1
From: Toronto, Ontario
I am not sure I understood your original point, though.
Um, OK. Nice of you. In disclaimer, I've also leased before, so I'm not purely ideological about this.Unless someone else is subsidizing the payments, there's no way to end up better off in a personal car lease vs a purchase. You need to look at this transaction from the end-point backwards, not from the POV of next month's budget. Think annually, not monthly.
The only way it makes any sense is if the seductive, non-quantifiable value of the car trumps simple math. And while I understand that motivation, consider how much better off you'd be with just a little bit of planning and patience. Pick up a reliable POS for the next 18 months, and start a serious savings plan. Then triangulate your efforts into the right purchase plan for the right car at the right time. You're already thinking long term (4 year lease). With just a little bit more effort, you can transform that thinking into a long term purchase, and come out better off years down the road.
Sweet baby jesus... I've turned into my father.
Which isn't so bad.
Thread Starter
Registered User
Joined: Dec 2009
Posts: 327
Likes: 1
From: Toronto, Ontario
Um, OK. Nice of you. In disclaimer, I've also leased before, so I'm not purely ideological about this.Unless someone else is subsidizing the payments, there's no way to end up better off in a personal car lease vs a purchase. You need to look at this transaction from the end-point backwards, not from the POV of next month's budget. Think annually, not monthly.
The only way it makes any sense is if the seductive, non-quantifiable value of the car trumps simple math. And while I understand that motivation, consider how much better off you'd be with just a little bit of planning and patience. Pick up a reliable POS for the next 18 months, and start a serious savings plan. Then triangulate your efforts into the right purchase plan for the right car at the right time. You're already thinking long term (4 year lease). With just a little bit more effort, you can transform that thinking into a long term purchase, and come out better off years down the road.
Sweet baby jesus... I've turned into my father.
Which isn't so bad. I understand the math, but chose to lease for tax purposes many years ago when I ran my own business. Now, I continue to lease because I value the following:
1) always having the latest safety innovations (which evolve very rapidly)
2) never having a car out of warranty (since even the tiniest problem costs a fortune to replace these days...no one actually fixes anything)
3) highly unlikely that I ever need other than routine maintenance (car is gone before even brakes let alone anything serious happens)
4) not having to drive the same vehicle for too long (I get bored easily)
5) never having to invest my own capital into a rapidly depreciating asset (the worst "investment" on the planet is a car)--happy to invest capital and rent the car
So depending on what you value and care about, leasing or owning can come out ahead financially. It's not black and white.
That's a nicely well-rehearsed list of reasons to lease, but they lost their steam once you started talking about renting rather than "investing" in a depreciating asset. New cars are never an investment, but renting is always a worse loss, regardless of spin. Always. Besides that, your own reasoning is in conflict, because if you get bored easily with your car, you wouldn't be committing to a four year rental.
Now Marc, before you get offended, remember that I deleted my post because it's off-topic (kind of), and I quickly realized there was no value in debating facts against gotta-haves. You asked me to talk anyway, and this is what I have to say. No offense intended.
In the end, the heart wants what the heart wants, and that's the best justification right there. Go with that.
Now Marc, before you get offended, remember that I deleted my post because it's off-topic (kind of), and I quickly realized there was no value in debating facts against gotta-haves. You asked me to talk anyway, and this is what I have to say. No offense intended.
In the end, the heart wants what the heart wants, and that's the best justification right there. Go with that.
Registered User
Joined: Jun 2009
Posts: 535
Likes: 4
You ask for advice but don't give people enough details, like how much saving per month you'll get with the new lease.
So with the info, should you? NO. Why, see above.
But I am guessing you're gonna sign a new lease contract this weekend anyway. Enjoy regardless!
So with the info, should you? NO. Why, see above.
But I am guessing you're gonna sign a new lease contract this weekend anyway
. Enjoy regardless!
Your also banking on someone else taking over your lease if you do decide you want to get the new one. Your depreciation value will not be of matter at lease termination if your getting a 14 because your not trading it in at that point, your returning it, so it doesn't matter it's value. Again it is a personal decision and if it makes sense to you then by all means go for it
You are correct that canadian lease are different than the us ones, but I couldn't seeing it being dramatically different on residuals and rates, just pricing which I know is more expensive. For me though a 4 year lease vs a 5 year purchase seems odd but again you are a payment buyer so that is a bottom line for you.
As someone else said, enjoy whatever decision you make, the current G is still a great one, keep in mind though, it's the exact same car you've been driving. Good luck and have fun!!
You are correct that canadian lease are different than the us ones, but I couldn't seeing it being dramatically different on residuals and rates, just pricing which I know is more expensive. For me though a 4 year lease vs a 5 year purchase seems odd but again you are a payment buyer so that is a bottom line for you.
As someone else said, enjoy whatever decision you make, the current G is still a great one, keep in mind though, it's the exact same car you've been driving. Good luck and have fun!!
Thread Starter
Registered User
Joined: Dec 2009
Posts: 327
Likes: 1
From: Toronto, Ontario
You tell me if a '12 G37XS all options will be an attractive lease take-over for someone who wants a great car in early 2014 when the monthly payment is only 55% of a 2013 BMW 335. I suspect it will not go higher than 65% of the best deal ever on a comparable options 3 series between 2013 and 2014. Rational "renters" will choose the Infiniti over the BMW.
Thread Starter
Registered User
Joined: Dec 2009
Posts: 327
Likes: 1
From: Toronto, Ontario
How much would you want to save per month before pulling the trigger on such a deal?
Thread Starter
Registered User
Joined: Dec 2009
Posts: 327
Likes: 1
From: Toronto, Ontario
And, if the new G isn't so impressive and the Bimmer remains over-priced to the extent that it is now, I could just keep the '12 and enjoy the lowest monthly payments I have ever had on a car for the past 15 years of leasing. Surely by 2015 or 2016 there must be something decent coming along that can dethrone the G as sport sedan value-for-money champion
You need to ask the Moderators to move this thread into the proper forum: Buying & Leasing - MyG37
Perhaps you'll have better insights with like-minded renters. And I apologize for getting involved in your discussion. Good luck, Marc.
Perhaps you'll have better insights with like-minded renters. And I apologize for getting involved in your discussion. Good luck, Marc.