06-06-2021, 08:45 AM | #1 |
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Need help with a Deal
Hey everyone!
So I have a M3 Comp in Brooklyn Grey. Love the car. Nice optioned also MSRP $83,500. They're giving it to me with discount of $500 which is the loyalty. So I'm paying a tiny bit below MSRP. The lease buy rate or MF is .00093 they were at .0133 at first but got them to drop the points. Payments with $4k down come to $1,182 would this be an okay deal? Can anyone suggest anything else I can do to reduce the payment. I was paying $915 for the M4 CS and $980 for an 18' M3 just annoying I have to pay over $1k for an M3 haha. What are your guys suggestions? |
06-06-2021, 10:44 AM | #2 |
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Any idea what the residual value is? And is that $4,000 total out of pocket or a $4,000 cap reduction?
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06-06-2021, 10:46 AM | #3 |
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I believe that is the base MF, so can't go lower on that. And the residual should be 57% for 10k miles. I don't see any options to lowering the payment unless you put more down which is not typically recommended.
My lease quote I received was similar. |
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06-06-2021, 10:52 AM | #4 |
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If $202/month is really making you question it even though you “love the car” then maybe you shouldn’t do it?
Or build your own without having it go above $80k unless you want all the extra crap. |
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06-06-2021, 10:54 AM | #6 |
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If $202/month is really making you question it even though you “love the car” then maybe you shouldn’t do it?
Or build your own without having it go above $80k unless you want all the extra crap. |
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06-06-2021, 11:25 AM | #8 |
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I think you can love the car but also question if lease deal is worth it at that price. It’s a big payment. But you could build a cheaper spec and pay less. The wait will be tough though.
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06-06-2021, 06:03 PM | #10 |
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Pandemic shortages...
IMO the money factor is what I care the most about right now and that is excellent for a lease at 2.2%. The residual sucks but likely can turn equity into trade, cash, or nice buyout at lease end. |
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06-06-2021, 06:22 PM | #11 |
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Yes I actually have but this dealer unfortunately doesn't offer it in their state I'm located in CA and the dealers here raping with Mark ups and adding points to the MF
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06-06-2021, 09:11 PM | #12 |
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The deals of the 18s are sadly no longer a thing...I too benefited from those deals back in the day.
I was fortunate enough to find a Brooklyn somewhat local. They gave me free delivery and threw in some all weather floor mats (woot!?). The dealer also gave me a solid trade offer on my car. I don't know too much about the lease situations but right now it's MSRP or move on. But Brooklyn grey is the business. I've had mine for all of two days and I love it. You won't be disappointed. |
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06-06-2021, 09:36 PM | #13 |
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Payments seemed pretty high for my quote as well. Not even a mention of a discount. Not sure if it's worth waiting for the hype to die down to get a better deal.
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