03-04-2021, 10:04 AM | #243 |
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9% off definitely seems suspect. I know that's the going rate when trying to lease a bmw but it seems way too early for bmw to give that sort of discount for a car that literally just came out this week.
Can also be a region thing too. I live in so cal and my m550i goes back in December. If by then I can get 9% off an m3/m4 competition I will be beyond ecstatic. |
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03-04-2021, 11:13 AM | #245 | |
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Last edited by CanesM4; 03-04-2021 at 12:24 PM.. |
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03-04-2021, 12:56 PM | #246 |
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03-04-2021, 05:36 PM | #247 | ||
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03-05-2021, 09:30 AM | #249 |
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They'll be back. The car is very new and this pricing is expected. You just have to be willing to wait 2-3 years lol.
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03-06-2021, 10:32 PM | #250 |
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Who here has done BMW Select financing in the past? Looking to get into an M3 either later this year or possibly next year and not sure on the best route to go at this point. I typically do anywhere from 13k to 15k+ miles per year so leasing isn't necessarily the best option given the possibility for overages on the miles. I usually get a new car every 2-4 years and have always financed but was thinking that the select program may be the better route to go with the M3 as it is a bit of a split between financing and leasing with regards to the monthly payment.
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03-07-2021, 12:32 AM | #251 | |
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Also, I don’t think BMW Select is the best option. There are balloon loans through credit unions that allow you to Walk Away at the end like you’d do in a traditional lease if you keep mileage within your agreed upon range (or at .10 per mile). This way you don’t assume any of the risk if you get dinged with a equity eating CarFax incident and end up upside down. |
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03-07-2021, 07:59 AM | #252 | ||
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I was not aware of the other select style finance offers out there. Might look into those too. Thanks!
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03-07-2021, 11:53 AM | #253 |
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Leasing
Im seeing some bad information posted here.
Those who expect $800 a month w. no money down are unrealistic. Maybe if you get some special employee pricing. Those who are accepting $1300/month are being raped unless the car is a $100k spec. The numbers will of course vary based upon MSRP (how the car is spec'd) Bottom line for a lease: you absolutely MUST focus on: 1. selling price / the discount you are (or are not) getting is key 2. residual 3. money factor Without all three inputs you can not make an informed decision. You can and should expect about a 5% discount. On a $77,445 MSRP M3 expect a ~$4,000 discount. $77,445 MSRP Selling price of around $73500 36 month / 10k mile lease breaks down: .00126 MF 57% residual $1,050 month payment including taxes (this is based on PA tax) $2000 total due at signing (not cap cost reduction - just $2k total out of pocket) If you can negotiate BETTER than this that is great. I would not consider paying any more on a G80 M3 lease. Any Money Factor can be multiplied by 2400 to get the true rate: 3% in this case: .00126 X 2400 = 3 As for the old lease vs buy Q I see in this thread - many factors go into this. If you have an accident and end up with a bad carfax - you are F'ed when you go to sell or trade. Value takes a HUGE hit. With a lease - it doesn't matter, just turn it in no matter what. I enjoy that security - its "just a lease and I don't own it" With a lease - never put money down IMO. Just bare minimum start up fees (no more than $2000) which include first month payment tax & tags. The rule is: every $1,000 you put down takes your payment down $30/month. Sure you can have a $850 payment if you put $8,000 down on a lease! But WHY - thats $8,000 you just threw in the trash. With a purchase you can certainly make a large down payment and have a low monthly payment - but in my experience after 36 months I end up selling the car for what I owe. So essentially it's break even and "I just had a payment" for a few years - which is basically the same as the lease. In most cases no equity is built unless you plan to keep the car for 5+ years. (aside from money you may have put down upfront but I'd much rather have that money earning 8% + in the market vs getting it back when I sell) So if you keep your cars 5+ years - finance. If you are in and out quick - lease. I never keep a new car more than 2-3 years and sometimes only one year so for me leasing makes sense. Vintage //M cars and air cooled 911's - those I own or finance as they are "keepers" I almost never keep my 36 month lease the full term. I almost always turn them in after 14 months. Yes - you CAN turn in a 36 month lease in 14 months. I've done is successfully 10 or more times. There is always that sweet spot when the car has about 10k miles and your lease buyout is even with the market value of the car. There will be a buyer happy to buy a pampered m3 with 10K miles for a nice discount off MSRP. The smart dealers understand this and will often take the car on trade in order to sell you a new car. This means 14 months into a 36 month lease you just roll into your next car... If the dealer wont offer you the lease buyout on trade, find a private buyer and have the dealer selling you the next car do a courtesy trade. Most will. Separate topic for a different thread but - is this the last manual M3? If it is - could be a nice surprise that these hold value as the "last of" (if you spec it right that is) |
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03-07-2021, 01:20 PM | #254 |
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You can't apply all of that to everyone. Someone might do 10k miles the first year for example; I wouldn't be surprised if I do 15k honestly. You can't get discounts anywhere near me or in California, some places are over msrp as well.
It's all dependent on what you need, where you live and how you'll use the car. Appreciate the information though and yes, this will be the last manual, the next cars will be hybrid then fully electric on the model after that; Europe is anti ICE.
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03-08-2021, 09:57 AM | #256 |
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Can you provide a link to these deals please? I'be searched the LH site and can only find one forum discussing pricing on the new G8xs. Thanks!
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03-08-2021, 10:00 AM | #257 | |
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6% discount is in-line with what I'm seeing (5% without pushing too hard) |
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03-08-2021, 01:50 PM | #259 | |
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He had a few build slots left and one M4 already on the ground. Good luck. |
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03-09-2021, 09:21 AM | #260 |
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03-09-2021, 09:29 AM | #261 |
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Anyone think the lease rates will dive this time next year on 2021 model when the 2022 AWD models release?
I got a slick deal on my 2020 X3MC in August (end of model year) paying $739/mo. Want to get back in an M3 manual (which means non-comp) but can't fathom paying more per month for a non-comp car with a like $7-8k lower MRSP. I'm planning on waiting until this time next year to swap my lease and pick up an M3 if prices normalize a bit more. Just curious what everyone's thoughts are if end of model year will reduce prices similar to what I saw on my X3MC or if I'm dreaming here. Thanks y'all |
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03-09-2021, 09:55 AM | #262 | |
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03-09-2021, 11:12 AM | #263 |
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You can usually find it on the edmunds forum. The only thing that changed for March was the residual values
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03-10-2021, 08:22 PM | #264 |
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This is my first time leasing and not paying cash (not a loan - cash) so I apologize if this is a stupid question as I know nothing about BMW FS or the process.
I went to a dealer today, agreed on 3.5% off and put down a $1000 deposit on a AWD build. Now correct me if I'm wrong but MF and Residuals will be negotiated within 90 days of delivery and worrying about them now is not possible. I (maybe stupidly) did not talk about MF with my CA.
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