Buy CPO or lease new car? Context: ~12k Miles/year, Bay Area peninsula, entry level luxury (3 series or equivalent).

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Pre owned luxury sure can be a money pit. My buddy needed to change the brakes on his M5, it turned out to be $3k to get them done. I was looking at an E class, and it was nice, but I decided to save the heartache and get an Accord instead. A higher trim level Accord or Camry really isn't that big a step down in luxury from a 3 series, but it is a huge step down in total cost to own.

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BCG1 nailed it. As a former car guy, nice cars are overrated unless you've got the money to not care. I tried to make that same argument to my gf who just bought a CPO C300.

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Your budget is probably already stretched thin living in the Bay Area. Get yourself one of those nice 2 series.

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1999 Honda Civic coupe, with the bells and whistles... never look back.... it will literally run forever.

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I bought a CPO Porsche, put on nearly 80k miles over 3 years with no real unexpected costs and love it dearly. Then again I'm a gear head so I wouldn't have been happy not owning a car that I didn't feel I could play with and make my own. If you're shooting for function however, I'd prob recommend lease or Uber

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Find the cheapest lease offer and be flexible with opfions. Don't waste time and money on CPO

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From a total cost over ~10 years standpoint I think the rule of thumb is: ownNewJap<leaseNewGerm<ownCPOGerm<ownNewGerm

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Forum.leasehackr.com

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You're gonna think I'm nuts but I was paying $250/mo ($0 down) for a Mazda 6. Have since moved on to a CPO 3 series and it's a money pit

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L E A S E

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@k1 by options do you mean car options, feature options, or lease term options?

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