Official G80 M3 / G82 M4 Quotes, Pricing and Lease Rates Thread

Sedan_Clan · 05-21-2021, 05:07 PM

Quote:

Originally Posted by pookiemalibu

Quote:

Originally Posted by Thescout13

To be fair, some people purposefully work on tight budgets month to month and like to free up monthly cash flow that having a much larger payment doesn't help with

Lastly, it's wild to me how different people view this topic here vs the Porsche forums. Over there, if you finance without a HUGE down payment or lease at all, you are basically an idiot financially speaking as everything should be bought in cash. Over here, it seems to be the opposite.

At the end of the day, I'm not meaning to start an argument or a fight over this, I truly don't care that much, and let's be real, with a depreciating asset like an M car, neither option (cash vs select vs lease vs finance) is a smart decision. They are all variables of the same crap, the only differences being flexibility and at most 1-4% of the cars value in finance charges. It's not like we are talking about half a million dollar cars here where this shit can really matter $$ wise. We are literally talking about maybe a couple grand net loss choosing one way over the other, so let's let people choose the option that works best for their situation and gives them the most comfort.

If you put those two together you have a very small chance of totaling your car. Maybe what, 1% at the max? How many things do we do in our normal lives that have a 1% chance of going really really bad for us financially?

When you take that into account, doesn't seem that crazy that someone would want to increase monthly cash flow and have the flexibility to liquidate fast without being under if they are comfortable taking the 1% risk of not getting their down payment back in the event of a total loss.

I've always been of the mantra that if it's not my money to spend, meh.

+1000 to this.

Cashflow is key! Particularly when you're not a salaried employee. While young, self-employed entrepreneurs, physicians and IT professionals seem to dominate Bimmerpost forums that doesn't necessarily mean you're guaranteed a certain monthly income. Recessions, pandemics, clients not paying on time and random snowstorms in Texas can f*ck your cash flow up for a given month REAL QUICK!

In my business, one month may be huge and the next, not so much. So knowing that my car payment has been the same on my X5's for the past 3 leases gives me (and BMWFS) certain peace of mind (it's also sad I got so robbed on my last two leases that I pay the same for an X5 35i that i do for an X5MC) So I've never understood the rule against down payments. I've NEVER (praise God) totaled a car and I've been in some pretty bad accidents (my dad just kept fixing that 1991 Caprice Classic grandpa gave me until it finally conked out).

I'm also a Rennlist member. From my limited experience there Porsche forums seem to: (a) skew older (b) skew wealthier (or so they say --- who truly knows?) and (c) have more ex-wives. It also seems to skew towards retired men in their early-to-mid-forties to their late fifties to early sixties. Again I'm a newbie on their threads and quite possibly generalizing a small subset of the Rennlist community, but the threads I've read on their higher end cars (991s, 992s, GT3s etc.) seem to bear this out.

See e.g. this thread: https://rennlist.com/forums/992/1183...new-992-a.html. It's full of retired dudes retired from corporate jobs(read: salaried and/or government) living off pensions, waiting for social security to kick in while driving to the orthopedic surgeon for the next knee replacement consult. That's not a knock on them, well perhaps it is, but from my limited reading there just aren't that many married 30-somethings buying $185K 911 Turbo's because they lease well. They're scattered in here or there, but there ain't too many wives that are gonna drive a Honda while you live it up in Porsche. Mine certainly wouldn't and she doesn't even care about cars. But she will not tolerate a jalopy while I ride in style (and I wouldn't let her if we can afford it).

Porsche almost seems to discourage the leasing subset that permeates this community by starting their base money factor at .002 (that's nearly 5% BEFORE any dealer markup). Think of it this way: I built a SEMI-loaded Macan that was less than $98K but cost almost $200 more per month than my X5MC. That's just pure insanity.

Another way to look at it: how often is the average married guy with a wife and young kid, living where it snows going to drive a 911? Plus, if you are self employed, often the 911 is just too flashy when you're meeting clients (particularly in certain fields) while the M4 turns heads in the "right" way. I know if some of my clients saw me in new 911 Targa as a Daily Driver (which I may still get as a toy) it would definitely raise some eyebrows. Despite being affordable to most people with a consistent six-figure income, people just somehow believe you have to be selling organs to fund certain brands . Outside of SoFla and certain other "plaster my net worth on the side of my vehicle" metropolitan statistical areas, I'm sorry but I don't want my accountant rolling in a Lambo...to a meeting with me. And while I'm somewhat OK with my attorney driving a Ferrari (I'm one after all) I'm definitely going to give my bill a really good once over.

TL : DR -

BMW Owners seem to be younger with families and value/desire performance, luxury and practicality (not necessarily in that order) over a Shark Blue viagra pill on 4 wheels.

Porsche Owners seem to be a bit older, have been saving/investing longer and their kids are off the payroll. They value luxury and performance. Practicality is an added bonus, if it is even possible (or a consideration at all).

Bottom line is: if you're young and doing young shit (traveling long distances by road, with the wife and kids and have a need to actually put shit in your backseat, the M3/4 probably fits the bill better than a 911. If you simply need a "Friday Car" that you and wife can drive to the brunch buffet at the Ritz Carlton, the 911 is the buggy for you.

But that's just my (long-winded) opinion, I could be wrong.

....or the third alternative: you had a vasectomy at 28 years of age, planned for no kids and procured a six figure salary all while staying out of credit card debt (...mostly), then the 911 buggy is for you.

acre22f90 · 05-21-2021, 06:42 PM

Quote:

Originally Posted by Tyga11

This is how I feel - I feel comfortable with a sub $900 payment even if it means putting more cash down. It's a mental thing, right or wrong, I'm more comfortable with the lower payment

This is the only honest statement I have seen for a downpayment. If it makes you feel more comfortable, then so be it, and I can respect that honesty. Arguing that it's financially smarter is factually incorrect, unless you are rolling equity from an already owned vehicle (and they for some reason won't write a check), or avoiding a high-interest payment (which I would say leaves other questions).

I believe in money should always work towards making more money, and throwing it at a car is not the way.

savi01 · 05-21-2021, 06:54 PM

Hey everyone,

I just placed an order with my local dealer (first BMW!) but am currently trying to figure out the financing -- unfortunately the sales manager has been very slow to respond to questions and I am a bit disappointed with him/the dealership right now. I don't even have a production number, but all other dealerships relatively close by have even worse waiting lists at the moment so I'm stuck.

Anyways, yesterday I was quoted at 3.49% for 60 mo. I mentioned the 0.9% offer listed on the BMW website, and today I was quoted 1.9% without any other details. I have excellent credit, and am putting quite a bit down. My order is for the Competition model; does anyone know if the 0.9% only applies to the base model, or if there is some other requirement to qualify for it?

Purchase price is at MSRP.

Please let me know if any other details are required to determine what's going on.

Thanks!

Multimodal · 05-21-2021, 07:00 PM

There is no difference in APR between the Competition and Base models. You shouldn't need to put a substantial amount down to get a lower rate (nor should you at these interest rates - it's better to keep your money invested). The "buy rate" or real cost for BMW financing is 0.9% with excellent credit. If you have an 800+ credit score and the dealership is offering you 1.9% then they are definitely marking up the interest rate and earning additional profit.

If you have less than excellent credit then the buy rate will be higher. Check your credit score on Credit Karma or something. You need a 720 or higher to qualify for BMW's best rates according to ACremona22. They don't lend to people with rates below 575 (nor should you be buying a new luxury car if your credit is that bad - pay your bills).

You can consider third party lenders - for example, Digital Credit Union offers auto loans for 1.49% if you setup automatic payments and have direct deposit with them (though I've found they sometimes waive that requirement - they did for me).

acre22f90 · 05-21-2021, 07:09 PM

Quote:

Originally Posted by Mr. Maboomba

There is no difference in APR between the Competition and Base models. You shouldn't need to put a substantial amount down to get a lower rate (nor should you at these interest rates - it's better to keep your money invested). The "buy rate" or real cost for BMW financing is 0.9% with excellent credit. If you have an 800+ credit score and the dealership is offering you 1.9% then they are definitely marking up the interest rate and earning additional profit.

If you have less than excellent credit then the buy rate will be higher. Check your credit score on Credit Karma or something. I think you need a 675 or higher to qualify for BMW's best rates. They don't lend to people with rates below 575 (nor should you be buying a new luxury car if your credit is that bad - pay your bills).

You can consider third party lenders - for example, Digital Credit Union offers auto loans for 1.49% if you setup automatic payments and have direct deposit with them (though I've found they sometimes waive that requirement - they did for me).

Not sure if financing/lease rates are one and the same (they should be), but Tier 1 with BMWFS for leasing is ~720.

Multimodal · 05-21-2021, 07:11 PM

Quote:

Originally Posted by ACremona22

Not sure if financing/lease rates are one and the same (they should be), but Tier 1 with BMWFS for leasing is ~720.

Thanks for the correction - I've edited my post. I was just going off what I saw online. 675 definitely seemed low for Tier 1.

acre22f90 · 05-21-2021, 07:14 PM

Quote:

Originally Posted by Mr. Maboomba

Thanks for the correction - I've edited my post. I was just going off what I saw online. 675 definitely seemed low for Tier 1.

All good! They aren't very transparent about it and it can certainly be up to "their discretion".

savi01 · 05-21-2021, 07:17 PM

Quote:

Originally Posted by Mr. Maboomba

There is no difference in APR between the Competition and Base models. You shouldn't need to put a substantial amount down to get a lower rate (nor should you at these interest rates - it's better to keep your money invested). The "buy rate" or real cost for BMW financing is 0.9% with excellent credit. If you have an 800+ credit score and the dealership is offering you 1.9% then they are definitely marking up the interest rate and earning additional profit.

If you have less than excellent credit then the buy rate will be higher. Check your credit score on Credit Karma or something. I think you need a 675 or higher to qualify for BMW's best rates. They don't lend to people with rates below 575 (nor should you be buying a new luxury car if your credit is that bad - pay your bills).

You can consider third party lenders - for example, Digital Credit Union offers auto loans for 1.49% if you setup automatic payments and have direct deposit with them (though I've found they sometimes waive that requirement - they did for me).

Update: Just got a call back from the dealership, and apparently they meant to quote 0.9. So, no issues there now.

Sedan_Clan · 05-21-2021, 08:20 PM

Quote:

Originally Posted by savi01

Quote:

Originally Posted by Mr. Maboomba

There is no difference in APR between the Competition and Base models. You shouldn't need to put a substantial amount down to get a lower rate (nor should you at these interest rates - it's better to keep your money invested). The "buy rate" or real cost for BMW financing is 0.9% with excellent credit. If you have an 800+ credit score and the dealership is offering you 1.9% then they are definitely marking up the interest rate and earning additional profit.

If you have less than excellent credit then the buy rate will be higher. Check your credit score on Credit Karma or something. I think you need a 675 or higher to qualify for BMW's best rates. They don't lend to people with rates below 575 (nor should you be buying a new luxury car if your credit is that bad - pay your bills).

You can consider third party lenders - for example, Digital Credit Union offers auto loans for 1.49% if you setup automatic payments and have direct deposit with them (though I've found they sometimes waive that requirement - they did for me).

Update: Just got a call back from the dealership, and apparently they meant to quote 0.9. So, no issues there now.

Sweet! Get your whip!!!

NoynuR · 05-22-2021, 12:17 AM

Question how does BMW look at your history when you go to the next car. My F80 Payment was $1223 (yikes i know) Rolled in negative equity and credit wasn't good. Credit has since Jumped 140 Points in the time i had the car and finally now have history with paying that car payment every month on time. Does credit really matter when getting another car through BMW FS, what are the factors they look at when you move to the next vehicle.

Sedan_Clan · 05-22-2021, 12:30 AM

Quote:

Originally Posted by NoynuR

Question how does BMW look at your history when you go to the next car. My F80 Payment was $1223 (yikes i know) Rolled in negative equity and credit wasn't good. Credit has since Jumped 140 Points in the time i had the car and finally now have history with paying that car payment every month on time. Does credit really matter when getting another car through BMW FS, what are the factors they look at when you move to the next vehicle.

Yes it matters to them. Assuming you haven't missed any payments with them, you are golden.

Andrae26 · 05-22-2021, 12:30 AM

Quote:

Originally Posted by NoynuR

Question how does BMW look at your history when you go to the next car. My F80 Payment was $1223 (yikes i know) Rolled in negative equity and credit wasn't good. Credit has since Jumped 140 Points in the time i had the car and finally now have history with paying that car payment every month on time. Does credit really matter when getting another car through BMW FS, what are the factors they look at when you move to the next vehicle.

Credit and a great payment history matters a lot. When I got my M3CS back in 2018 I had a score of 666 but was at 780 2 weeks before that. A gym I went to decided to put a collection on my report from 2013 before I joined the military, they were supposed to cancel my trainer upon me telling them I'm leaving for boot camp but they didn't. Long story short I had 3 F80's before my CS and when the report came back I was still approved with 666 because I had 3 years of perfect payments with BMW.

barryc365 · 05-22-2021, 05:14 AM

Quote:

Originally Posted by savi01

Quote:

Originally Posted by Mr. Maboomba

There is no difference in APR between the Competition and Base models. You shouldn't need to put a substantial amount down to get a lower rate (nor should you at these interest rates - it's better to keep your money invested). The "buy rate" or real cost for BMW financing is 0.9% with excellent credit. If you have an 800+ credit score and the dealership is offering you 1.9% then they are definitely marking up the interest rate and earning additional profit.

If you have less than excellent credit then the buy rate will be higher. Check your credit score on Credit Karma or something. I think you need a 675 or higher to qualify for BMW's best rates. They don't lend to people with rates below 575 (nor should you be buying a new luxury car if your credit is that bad - pay your bills).

You can consider third party lenders - for example, Digital Credit Union offers auto loans for 1.49% if you setup automatic payments and have direct deposit with them (though I've found they sometimes waive that requirement - they did for me).

Update: Just got a call back from the dealership, and apparently they meant to quote 0.9. So, no issues there now.

They told me they never heard of anyone getting 0.9% and the rate is 1.9% until I pushed for it. It's all a negotiation. They just try and slip that in there hoping you won't notice or care!

aford · 05-22-2021, 06:29 AM

Quote:

Originally Posted by barryc365

Quote:

Originally Posted by savi01

Quote:

Originally Posted by Mr. Maboomba

There is no difference in APR between the Competition and Base models. You shouldn't need to put a substantial amount down to get a lower rate (nor should you at these interest rates - it's better to keep your money invested). The "buy rate" or real cost for BMW financing is 0.9% with excellent credit. If you have an 800+ credit score and the dealership is offering you 1.9% then they are definitely marking up the interest rate and earning additional profit.

If you have less than excellent credit then the buy rate will be higher. Check your credit score on Credit Karma or something. I think you need a 675 or higher to qualify for BMW's best rates. They don't lend to people with rates below 575 (nor should you be buying a new luxury car if your credit is that bad - pay your bills).

You can consider third party lenders - for example, Digital Credit Union offers auto loans for 1.49% if you setup automatic payments and have direct deposit with them (though I've found they sometimes waive that requirement - they did for me).

Update: Just got a call back from the dealership, and apparently they meant to quote 0.9. So, no issues there now.

They told me they never heard of anyone getting 0.9% and the rate is 1.9% until I pushed for it. It's all a negotiation. They just try and slip that in there hoping you won't notice or care!

The rate is clearly posted on the bmwusa website

Tyga11 · 05-22-2021, 11:47 AM

Quote:

Originally Posted by Sedan_Clan

....or the third alternative: you had a vasectomy at 28 years of age, planned for no kids and procured a six figure salary all while staying out of credit card debt (...mostly), then the 911 buggy is for you.

Man...this market is literally crazy. Porsche Chandler literally doesn't have a car on their lot I heard.

Sedan_Clan · 05-22-2021, 12:12 PM

Quote:

Originally Posted by Tyga11

Quote:

Originally Posted by Sedan_Clan

....or the third alternative: you had a vasectomy at 28 years of age, planned for no kids and procured a six figure salary all while staying out of credit card debt (...mostly), then the 911 buggy is for you.

Man...this market is literally crazy. Porsche Chandler literally doesn't have a car on their lot I heard.

The lots here in SoCal really don't either. It's nuts trying to find cars.....even if only to see the options you're interested in. I've been all over the place.

Multimodal · 05-22-2021, 12:14 PM

The only sports car Porsche Livermore has on their lot is a $252,000 911 Turbo S.

Tyga11 · 05-22-2021, 01:59 PM

Do you guys think financing an M2 would make sense while waiting for the M3 to be built since it's going to take forever?

I'm driving about 800 miles a month (not counting road trips) and I would think I can probably sell close to what I pay for it down the road in 4-5 months.

Thoughts?

pookiemalibu · 05-22-2021, 04:42 PM

Quote:

Originally Posted by Sedan_Clan

Yes it matters to them. Assuming you haven't missed any payments with them, you are golden.

+1 My credit was crap and they don't really care. Also seems like they are less likely (if at all) to finance negative equity with lower credit scores. But they will lease you a car! My limit (when my prior lease was still 6 mo. from being done) was the current payment, which would finance the car under normal discount/situations, but they weren't willing to roll the negative equity. Ended up working out perfectly as I got a(n) (effective) MF of .00082 and a sizeable discount compared to the current environment.

Vitacura · 05-22-2021, 05:03 PM

BMWFS rewards loyalty. If you are a previous customer and haven't burned them in the past you shouldn't have any problems with approval.

Sedan_Clan · 05-22-2021, 06:20 PM

Quote:

Originally Posted by Tyga11

Do you guys think financing an M2 would make sense while waiting for the M3 to be built since it's going to take forever?

I'm driving about 800 miles a month (not counting road trips) and I would think I can probably sell close to what I pay for it down the road in 4-5 months.

Thoughts?

No! Just wait it out.

Multimodal · 05-22-2021, 08:50 PM

Quote:

Originally Posted by Tyga11

Do you guys think financing an M2 would make sense while waiting for the M3 to be built since it's going to take forever?

I'm driving about 800 miles a month (not counting road trips) and I would think I can probably sell close to what I pay for it down the road in 4-5 months.

Thoughts?

Depends on what state you live in. If you live in a state where the value of a trade-in reduces the amount of taxes you have to pay on a new car then it could make sense. If you don't it definitely does not make sense. Here in California for example trade-ins don't reduce your sales tax obligation and at 8-10% sales tax you're talking about spending $6K+ to have an interim car for a few months.

05-21-2021, 06:54 PM	#839
savi01 Private First Class 135 Rep 119 Posts Drives: 2022 BMW M3C Join Date: May 2021 Location: California iTrader: (0)	Hey everyone, I just placed an order with my local dealer (first BMW!) but am currently trying to figure out the financing -- unfortunately the sales manager has been very slow to respond to questions and I am a bit disappointed with him/the dealership right now. I don't even have a production number, but all other dealerships relatively close by have even worse waiting lists at the moment so I'm stuck. Anyways, yesterday I was quoted at 3.49% for 60 mo. I mentioned the 0.9% offer listed on the BMW website, and today I was quoted 1.9% without any other details. I have excellent credit, and am putting quite a bit down. My order is for the Competition model; does anyone know if the 0.9% only applies to the base model, or if there is some other requirement to qualify for it? Purchase price is at MSRP. Please let me know if any other details are required to determine what's going on. Thanks!
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05-21-2021, 07:00 PM	#840
Multimodal Lieutenant Colonel 2905 Rep 1,865 Posts Drives: 2019 X5 50i, 2018 911 T Join Date: Oct 2009 Location: Annapolis, MD iTrader: (1)	There is no difference in APR between the Competition and Base models. You shouldn't need to put a substantial amount down to get a lower rate (nor should you at these interest rates - it's better to keep your money invested). The "buy rate" or real cost for BMW financing is 0.9% with excellent credit. If you have an 800+ credit score and the dealership is offering you 1.9% then they are definitely marking up the interest rate and earning additional profit. If you have less than excellent credit then the buy rate will be higher. Check your credit score on Credit Karma or something. You need a 720 or higher to qualify for BMW's best rates according to ACremona22. They don't lend to people with rates below 575 (nor should you be buying a new luxury car if your credit is that bad - pay your bills). You can consider third party lenders - for example, Digital Credit Union offers auto loans for 1.49% if you setup automatic payments and have direct deposit with them (though I've found they sometimes waive that requirement - they did for me). __________________ Current garage: 2023 Rivian R1S Adventure Forest Green/Ocean Coast, 2018 Porsche 911 T Carrara White Metallic/Black, 2019 Ram 2500 Big Horn Diamond Black/Diesel Gray Archived: 2019 BMW X5 50i M Sport Mineral White/Full Black,2019 Ford GT350 Ford Performance Blue/Dark Slate, 2012 BMW X5 50i Alpine White/Black, 2014 BMW 320i M Sport Melbourne Red/Black, 2009 BMW DINAN3 Alpine White/Black, 2008 BMW 335xi Alpine White/Black, 1998 BMW 328is Avus Blue/Tan Last edited by Multimodal; 05-21-2021 at 07:12 PM..
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05-22-2021, 12:17 AM	#846
NoynuR Captain 381 Rep 800 Posts Drives: 2023 BSM M4 CSL Join Date: Jan 2013 Location: Austin Texas iTrader: (4)	Question how does BMW look at your history when you go to the next car. My F80 Payment was $1223 (yikes i know) Rolled in negative equity and credit wasn't good. Credit has since Jumped 140 Points in the time i had the car and finally now have history with paying that car payment every month on time. Does credit really matter when getting another car through BMW FS, what are the factors they look at when you move to the next vehicle.
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05-22-2021, 12:14 PM	#853
Multimodal Lieutenant Colonel 2905 Rep 1,865 Posts Drives: 2019 X5 50i, 2018 911 T Join Date: Oct 2009 Location: Annapolis, MD iTrader: (1)	The only sports car Porsche Livermore has on their lot is a $252,000 911 Turbo S.
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05-22-2021, 01:59 PM	#854
Tyga11 Lieutenant Colonel 3261 Rep 1,613 Posts Drives: M4 Comp Join Date: Jul 2019 Location: Arizona iTrader: (0)	Do you guys think financing an M2 would make sense while waiting for the M3 to be built since it's going to take forever? I'm driving about 800 miles a month (not counting road trips) and I would think I can probably sell close to what I pay for it down the road in 4-5 months. Thoughts?
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05-22-2021, 05:03 PM	#856
Vitacura Ich Liebe mein BMW 413 Rep 887 Posts Drives: 21 M240i CV, 23 X1 Join Date: May 2007 Location: Tampa Bay iTrader: (0)	BMWFS rewards loyalty. If you are a previous customer and haven't burned them in the past you shouldn't have any problems with approval.
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