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BMW 3-Series (E90 E92) Forum
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Leasing a 335....questions help
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| 09-23-2007, 04:38 PM | #1 |
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Second Lieutenant
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Leasing a 335....questions help
Hey guys ive been on the forums for a bit. mostly a browser but getting more active lately. I have a 2007 Audi A3 with a bunch of modifications.
    just some pics! Full oettinger, brembo's Revo stage 2 etc etc...spent a lot of time/money on it The time has come to move on from this car and I am looking at leasing a 335....here is my dillemma which i hope you can help me with/advise me with I can get on a very bad bad day 25k for my car if sold private party-28k on a good day. Dealer trade in is about 23-24k. I have sold all the parts on the car for approx 6k (worth about 8-10). Do I just take my losses and trade the car in for a 335? sell it and lease it? (i dont want to finance since i move through cars pretty quickly) can you guru's advise me here? I'm not too great on this selling/trading in crap although I'm pretty good at getting deals on the new car since (as most enthusiasts like us know) the true value of the cars and so forth....HELP! thanks |
| 09-23-2007, 04:56 PM | #2 |
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Trade could work...
...if they're going to give you enough on the trade that the trade value plus the tax advantage you realize on the new car is equal or better than what you could get selling the car outright.
Trading the car in reduces your tax liability on the new car. I went this route since it worked out in my favor. Nice Audi - welcome aboard Greg |
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| 09-23-2007, 05:55 PM | #4 |
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Private
 
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Depends on your state tax laws. In Texas, we pay the whole tax upfront on the car even if leasing. Therefore, on the $40k car I have to pay 6.25% or $2500 for example. After two years I look to trade n the car, the dealer will give me a trade-in figure, say $25k, and the new car is $40k again. Since I paid the full tax, I get a tax credit on trade-in ie 6.25% of $25k ($1563), which is then deducted from the tax on the new car, $2500 - $1563 = $937 due on the new car.
In other states, you pay the tax according to payments, so you do not get this credit. Disclaimer: This should not be considered tax advice in any way yadda yadda yadda, YMMV, ipso facto, caveat emptor.
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| 09-23-2007, 07:39 PM | #5 |
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First Lieutenant
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another thing you may want to take into condsideration is your time. I was in the same boat when looking into a 335, i had another bmw but had mods on it and was debating of trying to sell it privately, but then i decided to sell the mods and then trade the car in just cause i didnt have the time or the patience to deal with selling a car. Do you have the time and patience to post it up somewhere, take calls, show people, just deal with everyday things of selling the car. I didnt, so i decided to cut my losses and trade the car in and call it a day.
Think about it. btw, nice car
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| 09-24-2007, 01:26 AM | #6 |
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Second Lieutenant
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thanks about the car. at this point I have a buyer for ALL the Mods..one guy took the kit exhaust, suspension and intake, another took the brakes and wheels so thats not a problem. Its gonna be stock by next week. I honestly just wanna get rid of it. I should theoretically wait...but do places such as ebay and autotrader REALLY work?
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| 09-24-2007, 06:22 AM | #7 | |
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First Lieutenant
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What you could do is order a bimmer and in that 6 to 8 weeks that it takes to get the car you could try and sell yours. That should give u a good bit of time.
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2007 E90 335i / Titanium Silver / 6-Speed / ZSP / 6FL / Turbo Tuner / Blacklines / 19 inch 5 Zigen Black with Polished Lip Sports Engines / 25% Tint
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| 09-24-2007, 07:06 AM | #8 |
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Lost 1k when I traded my STI for my 335 but it was painless. The dealer took care of everything (STI was also lease). Yes you might make more money selling your car to a private buyer but it could take months. Goodluck
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| 09-24-2007, 10:09 AM | #9 |
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Another option
another low-hassle option is to consign the audi through a dealer. Lots of the specialty lots do this and you will generally get a much higher price vs trading in. This opens you up to a lot more potential buyers too since the dealer can handle financing and trades on their side. I did this with my 850CSi and an A6 2.7T. Both experiences were great. You may even be able to consign your car as-equipped.
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| 09-24-2007, 12:06 PM | #11 |
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Second Lieutenant
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well I talked to Will at Long Beach and he found basically the car that I want on his lot. Exact options/color etc....where would I consolidate? any lot? or a dealer can actually do that?
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| 09-24-2007, 12:20 PM | #13 |
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Something you should REALLY consider: If you leased through VW Financial and you have some other party assume the lease, you still remain liable for the car if the said person defaults on thier payments. You can find out more info here: http://www.leasetrader.com/car/lease...Companies.aspx
As you can see BMWFS is NOT one of those company's. EDIT - for more info on Contingent Liability visit http://www.autoleasemarket**********/Info.asp I think your best bet is to go thru the dealer, as you will not remain liable. Good luck! -Dmitriy |
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| 09-24-2007, 12:47 PM | #14 | |
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| 09-24-2007, 02:53 PM | #15 |
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Second Lieutenant
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lol personally i love the sedan...something about it...
Carmax really gave you full KBB for it? last i heard they rape you royally on the trade in. i guess Ill have to call them/go there and find out. As for VW financial the car is paid off...bought it cash pink slip in hand. Just a straight out trade is what I'm looking at. Would the consolidating occur at a BMW dealer? or does it have to be VW/Audi? |
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| 09-24-2007, 02:54 PM | #16 |
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Second Lieutenant
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btw thanks for the comments on the car...i love the car but i dont want a car w/ a lot of mods on it...the 335 will have stock sports wheels, spacers, and probably an ecu/piggyback upgrade and left as is from there
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| 09-24-2007, 03:07 PM | #17 | |
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2002 steel gray M3 coupe, SMG, premium package, navigation
2008 jet black 535i sport, premium 2010 Wicked White Evolution MR Touring 2009 Smoky Granite Mica Lexus IS350, F-Sport products: 19'' staggered forged wheels, cold air intake, exhaust, rear sway bar, BC Racing coilovers |
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| 09-24-2007, 03:22 PM | #18 |
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Second Lieutenant
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i wish i could afford to have both....im young...can only afford one car. im a student and am trying to get an internship and have applied for jobs as well so its tough for me to have two cars lol. i guess i gotta see the true value for my car, but im scared to see it...
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