BrightRedOne
02-04-2004, 12:46 AM
I'm going to be looking for a new car mid this year and I think I decieded on going with a lease. I'm leaning towards leasing an 04 M3 Coupe, for 2 yrs cause I do get bored with my cars rather quickly, and I want to have the option of looking into the C6 Z06 once it comes out. Question is what should I expect to pay with 0 down as well as 4k down, per month over the course of the 2 years and what are typical mileage limits. Cheapest rates I've seen so far are found at www.lineback.com Only options I want are moonroof and navigation. Also is it true I should expect to pay more for insurance on a lease?
**I'm looking to spend under $750/month on just the lease payment***
Dolemite
02-04-2004, 01:16 AM
Afraid I won't be of much help with your questions. But one thing I noticed in Texas is that at signing, you have to pay taxes on the full value of the car and not a "pro-rated" tax rate on the 3, 4, 5 year value as one would expect.
Seems like I read that only Texas and one other state charge full tax on a lease but I don't recall which is the other.
Iron Chef
02-04-2004, 03:17 AM
What you pay depends on your credit. Lineback is 15 mins from my house, pretty nice looking place. They park their Ferraris outside and leave them there overnight, which is kinda weird. The insurance part sounds kinda weird. Why would it cost more?
Iron Chef
02-04-2004, 03:20 AM
P.S. - My advice would be for you to contact a leasing facility. They will check your credit and find the car for you. Then you guys can work out the payments. I personally wouldn't want to lease an M but if you get bored easily, I'd say you're a perfect candidate for a lease.
Balthazarr
02-04-2004, 07:54 AM
You have to carry a min of $300K injury and $100K PD for a lease.
Means it will cost more than say $100K, $50K or lower if you were purchasing.
BrightRedOne
02-04-2004, 08:59 AM
Originally posted by Dolemite
Afraid I won't be of much help with your questions. But one thing I noticed in Texas is that at signing, you have to pay taxes on the full value of the car and not a "pro-rated" tax rate on the 3, 4, 5 year value as one would expect.
Seems like I read that only Texas and one other state charge full tax on a lease but I don't recall which is the other.
Whoa if that was the case here I def wouldn't be leasing. That is just nuts. Why would I pay full tax on something I'm never going to own?
BrightRedOne
02-04-2004, 09:00 AM
Originally posted by Balthazarr
You have to carry a min of $300K injury and $100K PD for a lease.
Means it will cost more than say $100K, $50K or lower if you were purchasing.
Yep but I figure I won't be paying interest on my payments so it will about work out the same.