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hkRicer · 02-05-2013, 01:53 AM

My advice is do not buy new car (lease or finance), - of course unless you are balling outa control or power by family.

I brought a new car and leased the other when I was a youngster and I was severely burned by it. There's always a huge depreciation for the first 3 years, like up to 50-60% for luxury cars.

It's best to buy or finance used car, like right now I will be looking into 08 or 09 vehicles. Even when you drive for like a year or two then got bored you will only lose like 5k-10k max (Luxury car) because depreciation slow down a lot after the first 3 years. Whereas let say you buy a new E93 M3 you will be losing like 30-40k+ if you decide to sell it after driving it for 2-3 years.

Also private sale = no tax

p.s. Do not lease, the money that you lease with will be enough to buy an older 08-09 model and u get to keep it right away.

02-05-2013, 01:53 AM	#67
hkRicer Everyone wants a piece of R S... Join Date: Jun 2008 Location: richmond Posts: 391 Thanked 140 Times in 34 Posts Failed 177 Times in 20 Posts	My advice is do not buy new car (lease or finance), - of course unless you are balling outa control or power by family. I brought a new car and leased the other when I was a youngster and I was severely burned by it. There's always a huge depreciation for the first 3 years, like up to 50-60% for luxury cars. It's best to buy or finance used car, like right now I will be looking into 08 or 09 vehicles. Even when you drive for like a year or two then got bored you will only lose like 5k-10k max (Luxury car) because depreciation slow down a lot after the first 3 years. Whereas let say you buy a new E93 M3 you will be losing like 30-40k+ if you decide to sell it after driving it for 2-3 years. Also private sale = no tax p.s. Do not lease, the money that you lease with will be enough to buy an older 08-09 model and u get to keep it right away.