Most Luxury Cars are Leased: BMW, Mercedes and Infiniti Lead the Pack - Page 2

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Thread: Most Luxury Cars are Leased: BMW, Mercedes and Infiniti Lead the Pack

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    Re: Most Luxury Cars are Leased: BMW, Mercedes and Infiniti Lead the Pack

    Quote Originally Posted by mercy09 View Post
    Mercedes and BMW are always advertising bottom basement lease deals and incentives on TV. You would think that these so called "high class" German cars wouldn't need to pour on generous leases and incentives to move cars. I don't doubt that some of their big sales increases this year are attributed to that alone.

    It doesn't surprise me that Lexus (and Land Rover) has one of the lowest % of leases. Everybody I know with a Lexus owns the car and keeps it for many years. You also hardly see deals advertised from Lexus.
    It probably has to do with the fact that older baby boomers are the ones who buy Lexus and seniors typically have more cash to blow.
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    4.4 Liter Supercharged Northstar GM-Joe's Avatar
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    Re: Most Luxury Cars are Leased: BMW, Mercedes and Infiniti Lead the Pack

    Quote Originally Posted by rand49er View Post
    That's exactly what I've heard. I pitty those poor people who get them used ... sans warranty.
    Just imagine if you bought one from a Scandinavian company that is on the fritz! That is what happened to me and the price of parts and repair were ridiculous.
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    Re: Most Luxury Cars are Leased: BMW, Mercedes and Infiniti Lead the Pack

    Quote Originally Posted by GM-Joe View Post
    It probably has to do with the fact that older baby boomers are the ones who buy Lexus and seniors typically have more cash to blow.
    This is relevant:
    http://www.autospies.com/news/Study-...-Follow-65682/

    Quote Originally Posted by CamaroCrazy View Post
    I hear you. I own a Certified Pre-Owned 2007 BMW 335i. CPO warranty expires in Feb. 2013. Needless to say, I will not own this vehicle in February 2013.
    Why not?

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    Re: Most Luxury Cars are Leased: BMW, Mercedes and Infiniti Lead the Pack

    Quote Originally Posted by Mr. Burns View Post
    Repair costs are too high. I had to have the VANOS solenoids replaced in my car last month. Thank goodness it was covered under the CPO warranty because that repair bill would have been staggering.

    And besides, I'd like to come back to the GM family....the only reason I bought the car was because I couldn't find a nice low mileage first gen CTS-V when I was in the market.
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    Re: Most Luxury Cars are Leased: BMW, Mercedes and Infiniti Lead the Pack

    Why is Cadillac on that list? According to the GMI folk, Cadillac is not a luxury brand.

    Quote Originally Posted by Mr. Burns View Post
    Wow, according to that link, 74% of CTS Wagon sales are to seniors. Translation - there are some pretty hip seniors out there!
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    Re: Most Luxury Cars are Leased: BMW, Mercedes and Infiniti Lead the Pack

    Private leasing is just another form of finance. Instead of buying a car and watching 10 or 20 thou drop off it per year, you lease it where the cost is deductible, it includes servicing and fuel at fleet rates negotiated by your fleet-lease co, insurance - everything.

    Unless you're collecting cars, or you really, really want to own a special example of something it's craziness to spend your collateral or borrow money to pay for something that depreciates in value at 20% per annum, and you have to claim tax on over five years; when you can write-off 100% of the leasing costs on tax in the first year.

    And it costs you virtually nothing to renew the lease on another car. No downpayments, no trade-in haggling.

    That's how all business operates if they can.

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    Re: Most Luxury Cars are Leased: BMW, Mercedes and Infiniti Lead the Pack

    Quote Originally Posted by impala02 View Post
    Why is Cadillac on that list? According to the GMI folk, Cadillac is not a luxury brand.

    Wow, according to that link, 74% of CTS Wagon sales are to seniors. Translation - there are some pretty hip seniors out there!
    the "shocker" for me is the CTS S/W is the only performance car on the list as the rest are what you would expect IE town cars and Avalons BUT I thought the scion XB the second one was a hit with the "free bus pass" set
    Back on topic I once looked at a USED 05 Tahoe LT Autoride in 07 and the same monthlies would get me a Hummer H2 SUV lease OR a escalade (the avalanche one)
    and I believe Leasing for 3 years is good for the auto industry as there are guarenteed Optimum USED cars coming back to be sold through the "new car" lots
    and Thirdly I know some one that had some cash to pay full retail on a camry and took the cash and invested it and LEASED the Toyota and the money payed out higher then the lease rate on the car (he claims)

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    Re: Most Luxury Cars are Leased: BMW, Mercedes and Infiniti Lead the Pack

    Quote Originally Posted by cadsrbest View Post
    Always lease a German car, you do not want to own it out of warranty.
    Har!

    Quote Originally Posted by tgagneguam View Post
    I'm not sure leased car sales are per se worse than sales in which people aim to own. I think people who lease or buy do so for various valid reasons.

    I think people might be painting with broad strokes. I know people who buy certain luxury cars on lease because they desperately want people to think they are rich. I know people who purchase their luxury vehicles outright precisely because they have the cash to do so and who subsequently drive them into the ground; absolutely nothing wrong with that. And I know people who own businesses who want to project a certain image to clients-no, driving a GMC Sierra pickup doesn't make quite the same statement as a 750 does-and so lease their luxury vehicles. Again, people who lease or buy do so for various valid reasons.
    I am one of those high class show-offs who leased a Chrysler to prove to the world I don't need no BMW.

    Quote Originally Posted by Mr. Burns View Post
    So I guess Impala is a Luxury Car? Well, I learn something every day!
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    Re: Most Luxury Cars are Leased: BMW, Mercedes and Infiniti Lead the Pack

    Quote Originally Posted by Neanderthal View Post

    So I guess Impala is a Luxury Car? Well, I learn something every day!
    That link discusses the top cars and brands with the highest percentage of senior buyers, it is not limited to just luxury cars.

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    Re: Most Luxury Cars are Leased: BMW, Mercedes and Infiniti Lead the Pack

    Quote Originally Posted by richmond2000 View Post
    the "shocker" for me is the CTS S/W is the only performance car on the list as the rest are what you would expect IE town cars and Avalons BUT I thought the scion XB the second one was a hit with the "free bus pass" set
    Back on topic I once looked at a USED 05 Tahoe LT Autoride in 07 and the same monthlies would get me a Hummer H2 SUV lease OR a escalade (the avalanche one)
    and I believe Leasing for 3 years is good for the auto industry as there are guarenteed Optimum USED cars coming back to be sold through the "new car" lots
    and Thirdly I know some one that had some cash to pay full retail on a camry and took the cash and invested it and LEASED the Toyota and the money payed out higher then the lease rate on the car (he claims)
    also good for the industry for you to go and buy a new one every 3 years.
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    Re: Most Luxury Cars are Leased: BMW, Mercedes and Infiniti Lead the Pack

    let me state for the record that i bought an 05 325i and quickly realized what the maintenance costs were going to be ($700.00 for brakes) after a year i took the car back to bmw and leased an 09 328xi. i make a decent living and really dont care what people think about what i drive. i drive the bimmer because it is the best handling sedan on the planet. it's nice to take a 25mph curve at 90mph and know that the car i am driving won't end up all over the road. add the 0 maintenence and it becomes a very good deal. my daily driver is an 87 maxima.

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    Re: Most Luxury Cars are Leased: BMW, Mercedes and Infiniti Lead the Pack

    Quote Originally Posted by BBDOS CV8 View Post
    Private leasing is just another form of finance. Instead of buying a car and watching 10 or 20 thou drop off it per year, you lease it where the cost is deductible, it includes servicing and fuel at fleet rates negotiated by your fleet-lease co, insurance - everything.

    Unless you're collecting cars, or you really, really want to own a special example of something it's craziness to spend your collateral or borrow money to pay for something that depreciates in value at 20% per annum, and you have to claim tax on over five years; when you can write-off 100% of the leasing costs on tax in the first year.

    And it costs you virtually nothing to renew the lease on another car. No downpayments, no trade-in haggling.

    That's how all business operates if they can.
    just remember individuals can NOT write off the lease payments. when you are done at the end of 3 years of lease payments you still do not own the car so you must lease another car or refinance.
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    Re: Most Luxury Cars are Leased: BMW, Mercedes and Infiniti Lead the Pack

    Quote Originally Posted by Mr. Burns View Post
    That link discusses the top cars and brands with the highest percentage of senior buyers, it is not limited to just luxury cars.
    Ya, I was just having a little fun there.
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    Re: Most Luxury Cars are Leased: BMW, Mercedes and Infiniti Lead the Pack

    Quote Originally Posted by tgagneguam View Post
    Quote Originally Posted by cadsrbest View Post
    Always lease a German car, you do not want to own it out of warranty.
    Indeed.

    Quote Originally Posted by tgagneguam View Post
    I think people might be painting with broad strokes.
    Heh, Indeed.
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    Re: Most Luxury Cars are Leased: BMW, Mercedes and Infiniti Lead the Pack

    Wait, your saying that BMW and MB which are tier 1...leases more cars than Cadillac who is tier 3? How are all those trailer park people and ghetto hoodlums affording these cars on a purchase? But despite these incentivized leases, which encourage higher ATP's since most are done at MSRP there ATP's are only slighter higher than Cadillac's. Meaning people are paying more per month to lease a Cadillac than a BMW or MB typically.

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