New 2024 g80 M3 with Lease Agreement

MiladsFrozenM5 · 10-12-2023, 12:27 PM

Hi Team,

I just recently leased my new BMW M3 from Irvine BMW in California.
Here are my Terms.
BMW BASE M3
MSRP: $94,100
Term: 36 Months
Down: $0
Payment: $1,587.61
Miles:10K
Buyout option: $59,154
Diamond Ceramic Coating: $750 (Warranty on exterior and interior for 7 years)
I couldn't Finance, the money factor was way better than the APR. Let's have a discussion here, did i get slammed or what lol. I think i did good, knowing the 2024's compared to 2023's got way worse residuals. P.s I hate the new entertainment center, have to press 2 buttons to get the AC going.... Why did they do this????!?!??!! Why did they remove the physical buttons. Lastly, is this the last manual M.

LuvMyE92 · 10-12-2023, 12:34 PM

Congrats on the new car, the great colors, and especially specifying the correct number of pedals.

I wouldn't worry about the deal, if you got screwed or beat them down; if you paid MSRP you did well, and now it's just time to enjoy it!

You really should tie your shoelaces.

Mike02z · 10-12-2023, 12:34 PM

I used the balloon payment option. 5 years at 5.99% with a ballon of 32k at the end of 5 years. This keeps my payment lower than 83 months at 8.88%

'Cane · 10-12-2023, 12:36 PM

A. No, you didn't get slammed, that's about what it should be on a %94k car.
B. No one yet knows if this will be the last manual M3.

snyder268 · 10-12-2023, 12:38 PM

Quote:

Originally Posted by MiladsFrozenM5

Hi Team,

I just recently leased my new BMW M3 from Irvine BMW in California.
Here are my Terms.
BMW BASE M3
MSRP: $94,100
Down: $0
Payment: $1,587.61
Miles:10K
Buyout option: $59,154
Diamond Ceramic Coating: $750 (Warranty on exterior and interior for 7 years)
I couldn't Finance, the money factor was way better than the APR. Let's have a discussion here, did i get slammed or what lol. I think i did good, knowing the 2024's compared to 2023's got way worse residuals. P.s I hate the new entertainment center, have to press 2 buttons to get the AC going.... Why did they do this????!?!??!! Why did they remove the physical buttons. Lastly, is this the last manual M.

Congrats on the new car it looks great! MSRP for $94,100 on a base? How in the world did it get that expensive? I’m not trying to sound like a jerk either, I’m just shocked how much was added from base MSRP. Do you have window sticker? If you plan on buying out at the end, it could be a good long hold if it is the last ICE manual M3. Also, totally agree with the annoyances with ID8. Climate adjustments are a pain.

FiftyFiv3 · 10-12-2023, 12:45 PM

Well you're effectively paying 116k for a 94k car soooo...

Needsdecaf · 10-12-2023, 01:00 PM

Quote:

Originally Posted by Mike02z

This keeps my payment lower than 83 months at 8.88%

Cheese and Rice people really are doing this?

Quote:

Originally Posted by snyder268

Congrats on the new car it looks great! MSRP for $94,100 on a base? How in the world did it get that expensive?

Had the same thought.

OP: Hard to tell you if you did ok or not without knowing the term. Do you know the MF and the residual?

Forzanerazzurri · 10-12-2023, 01:03 PM

Congrats and welcome. Love the contrast of the dark bits on that grey.

Ashwin34 · 10-12-2023, 01:17 PM

Quote:

Originally Posted by snyder268

Congrats on the new car it looks great! MSRP for $94,100 on a base? How in the world did it get that expensive? I’m not trying to sound like a jerk either, I’m just shocked how much was added from base MSRP. Do you have window sticker? If you plan on buying out at the end, it could be a good long hold if it is the last ICE manual M3. Also, totally agree with the annoyances with ID8. Climate adjustments are a pain.

Looking at his build, he optioned the Full Merino Leather, Bucket Seats, and Carbon Exterior Package which adds nearly $12k to the base bringing it to $88k, without even including other packages, wheels, or paint. Really sucks BMW and other automakers charge so much for packages - but hey, you get what you pay for. They are all very nice options that truly transform the look of the car IMO.

Ashwin34 · 10-12-2023, 01:19 PM

Quote:

Originally Posted by 'Cane

A. No, you didn't get slammed, that's about what it should be on a %94k car.
B. No one yet knows if this will be the last manual M3.

https://www.roadandtrack.com/news/a4...st-manual-car/

https://www.thedrive.com/news/bmw-m-...il-2030-report

I'd say it's a surefire bet that the next M3 won't have a manual transmission, given transition to EV/Hybrid powertrains. The take rate for the manual is incredibly low too, which is disappointing. I'm a big 6MT guy and for me personally, I don't think anything compares to the feeling of shifting gears.

jmg · 10-12-2023, 01:23 PM

Quote:

Originally Posted by FiftyFiv3

Well you're effectively paying 116k for a 94k car soooo...

That's including tax and interest over 3 years assuming this is a 36 month lease. The buyout is about right, but leases are never going to beat straight up paying cash, so yes it's going to be higher. They would save about $10k with a cash purchase.

That being said, this lease monthly payment is about right. With no discounts and low incentives, the magic lease deals for M cars are a thing of the past, and won't be back for some time.

MiladsFrozenM5 was the residual 58%? 36 months? What's the MF nowadays?

omaralt · 10-12-2023, 01:50 PM

thats what the deals are like now.. i remember the good old days when you could lease a BMW with 0 down and pay 1% of the MSRP for a 3 year 10k/year lease..

MiladsFrozenM5 · 10-12-2023, 01:51 PM

Quote:

Originally Posted by snyder268

Congrats on the new car it looks great! MSRP for $94,100 on a base? How in the world did it get that expensive? I’m not trying to sound like a jerk either, I’m just shocked how much was added from base MSRP. Do you have window sticker? If you plan on buying out at the end, it could be a good long hold if it is the last ICE manual M3. Also, totally agree with the annoyances with ID8. Climate adjustments are a pain.

Here is the spec sheet. Also forgot to mention its a 36 month lease.

Mike02z · 10-12-2023, 01:55 PM

Quote:

Originally Posted by Needsdecaf

Cheese and Rice people really are doing this?

Can you define what “Cheese and Rice people” means? Not familiar with that.

snyder268 · 10-12-2023, 01:56 PM

Quote:

Originally Posted by MiladsFrozenM5

Here is the spec sheet. Also forgot to mention its a 36 month lease.

You definitely checked all the boxes with key options! At the end of the day a car 99% of the time isn’t an investment. As long as you’re happy with the spec and enjoy the car that’s win in my book. Good luck with it!

MiladsFrozenM5 · 10-12-2023, 01:57 PM

Quote:

Originally Posted by FiftyFiv3

Well you're effectively paying 116k for a 94k car soooo...

well the car comes out to $102k with tax and unfortunately APR's are very high, so it is what it is.

Berzerker · 10-12-2023, 02:02 PM

Quote:

Originally Posted by Mike02z

Can you define what “Cheese and Rice people” means? Not familiar with that.

"Jesus Christ" without actually saying it.

Also I assume you meant compared to if you wanted to finance it that long.

10 years paying off a car is ridiculous, you're going to end up paying more over 10 years than you would on a slightly higher interest rate over 5 or 6.

MiladsFrozenM5 · 10-12-2023, 02:03 PM

Quote:

Originally Posted by Ashwin34

Looking at his build, he optioned the Full Merino Leather, Bucket Seats, and Carbon Exterior Package which adds nearly $12k to the base bringing it to $88k, without even including other packages, wheels, or paint. Really sucks BMW and other automakers charge so much for packages - but hey, you get what you pay for. They are all very nice options that truly transform the look of the car IMO.

Thank you so much. I couldn't be happier! Check this shot out!

Ashwin34 · 10-12-2023, 02:15 PM

Quote:

Originally Posted by MiladsFrozenM5

Thank you so much. I couldn't be happier! Check this shot out!

Looks incredible man! I’ve specced my build out similarly, but with Frozen Pure Grey and Tartufo. I really wanted the bucket seats because they look amazing but I just couldn’t get used to the thigh bolsters sadly. My heart says yes but brain says no. Maybe for another M car down the line perhaps. But nonetheless beautiful build and enjoy it!

Mike02z · 10-12-2023, 04:40 PM

Quote:

Originally Posted by Berzerker

"Jesus Christ" without actually saying it.

Also I assume you meant compared to if you wanted to finance it that long.

10 years paying off a car is ridiculous, you're going to end up paying more over 10 years than you would on a slightly higher interest rate over 5 or 6.

Thanks. Never heard it expressed that way.

Yes, I meant compared. 83 months is not 10 years. That would be 120 months 😉

I would never take a 120 month term for a car as I don’t keep them that long. Everyone’s situation is different and if someone intends to keep their car for more than 10 years I’m in no position to question the term of their loan. 83 months was 8.88% through BMW but my Credit union offers a 120 month loan at 9.35%. Maybe the person is buying beyond their means but again, not my place to tell people what is best for them.

I’m happy there are people who can pay cash for their car. Most of us are not in that position.

imperfectluck · 10-12-2023, 06:44 PM

Quote:

Originally Posted by Mike02z

I’m happy there are people who can pay cash for their car. Most of us are not in that position.

Totally understand that as when I bought my F30 years ago I did take out a loan from my credit union. My F87 some years later was a byproduct of me cashing out on some investments and cutting a check and that was the first time I felt the benefit of buying cash.

The finance situation is reflective of where the market is today and unfortunately I don’t think we’ll ever see the days again where leases were so damn sweet.

I love cars, there are just other things I also enjoy in life that have price tags too.

Mike02z · 10-12-2023, 06:50 PM

Quote:

Originally Posted by MiladsFrozenM5

Thank you so much. I couldn't be happier! Check this shot out!

Congratulations. Love that spec! Best of luck with her.

10-12-2023, 12:27 PM	#1
MiladsFrozenM5 M5, 335i, Maserati gts, Audi A8L, CLS 63 49 Rep 100 Posts Drives: m5 Join Date: Sep 2012 Location: laguna niguel iTrader: (0)	New 2024 g80 M3 with Lease Agreement Hi Team, I just recently leased my new BMW M3 from Irvine BMW in California. Here are my Terms. BMW BASE M3 MSRP: $94,100 Term: 36 Months Down: $0 Payment: $1,587.61 Miles:10K Buyout option: $59,154 Diamond Ceramic Coating: $750 (Warranty on exterior and interior for 7 years) I couldn't Finance, the money factor was way better than the APR. Let's have a discussion here, did i get slammed or what lol. I think i did good, knowing the 2024's compared to 2023's got way worse residuals. P.s I hate the new entertainment center, have to press 2 buttons to get the AC going.... Why did they do this????!?!??!! Why did they remove the physical buttons. Lastly, is this the last manual M. Attached Images __________________ M5, 335i, Maserati gts, Audi A8L, CLS 63 Last edited by MiladsFrozenM5; 10-12-2023 at 01:58 PM..
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10-12-2023, 12:34 PM	#2
LuvMyE92 Occasionally frequent poster 3000 Rep 2,744 Posts Drives: CT5V-Blackwing Join Date: Jan 2008 Location: RTP NC, USA iTrader: (0)	Congrats on the new car, the great colors, and especially specifying the correct number of pedals. I wouldn't worry about the deal, if you got screwed or beat them down; if you paid MSRP you did well, and now it's just time to enjoy it! You really should tie your shoelaces. __________________ Current inventory: F22 & G05 Cadillac CT5-V Blackwing w/3 pedals Past: E24,E28(3),E34,E36,E37,E38(2),E39(4),E46,E89,E92 (obviously),F01,F06,F10,F30,F87,G12,G30(2),G82(2)
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10-12-2023, 12:34 PM	#3
Mike02z Major 1978 Rep 1,278 Posts Drives: 2024 BMW M4 Base Join Date: Jul 2021 Location: 29651 iTrader: (0) Garage List 2024 BMW M4 [10.00] 2024 BMW M4 [0.00]	I used the balloon payment option. 5 years at 5.99% with a ballon of 32k at the end of 5 years. This keeps my payment lower than 83 months at 8.88% Attached Images
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10-12-2023, 12:36 PM	#4
'Cane Major General 8515 Rep 5,373 Posts Drives: 2022 Aventurin/SS G82 xDrive Join Date: Feb 2007 Location: South Florida iTrader: (0) Garage List 2022 M4 Comp AWD [8.00]	A. No, you didn't get slammed, that's about what it should be on a %94k car. B. No one yet knows if this will be the last manual M3.
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10-12-2023, 12:45 PM	#6
FiftyFiv3 New Member 42 Rep 25 Posts Drives: 2022 M3CX Join Date: Aug 2023 Location: CT iTrader: (0)	Well you're effectively paying 116k for a 94k car soooo...
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10-12-2023, 01:03 PM	#8
Forzanerazzurri Banned 6918 Rep 3,277 Posts Drives: E46 M3 Coupe/G80 M3CX Join Date: Jul 2021 Location: Alberta iTrader: (0) Garage List 2003 BMW M3 Coupe [0.50] 2022 BMW M3 Competi ... [5.12]	Congrats and welcome. Love the contrast of the dark bits on that grey.
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10-12-2023, 01:50 PM	#12
omaralt Major 778 Rep 1,070 Posts Drives: 22 M3 Join Date: Aug 2012 Location: FL iTrader: (0)	thats what the deals are like now.. i remember the good old days when you could lease a BMW with 0 down and pay 1% of the MSRP for a 3 year 10k/year lease.. __________________ 2018 M3 6 spd 2017 M3 AW/SO 6spd 2014 435i M sport BSM/Coral 6spd (retired) 2013 550i M sport Alpine White/Cinnamon (retired)
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