New 2024 g80 M3 with Lease Agreement

geko29 · 10-14-2023, 06:51 PM

Quote:

Originally Posted by Berzerker

I'd be very curious to know what the actual number is. I don't remember even seeing 72 nearly anywhere when buying my car in 2018, let alone before that. 60 was basically it otherwise it was "you can't afford it" the rise of 72 and 84 month terms was pretty sudden from what I can remember.

72 was an option when I bought my E46 in 2000, and I think 84 might have been (don’t remember for sure). I went with 60 because I was 21 and I couldn’t afford the car.

Here’s an article from 1986 talking about how 84 month loans were starting to become a thing: https://www.washingtonpost.com/archi...-4f2246a5bc3d/

And one noting that in 2017 42% of all loans were 72 months or longer, and the average length was 69: https://www.washingtonpost.com/archi...-4f2246a5bc3d/

MiladsFrozenM5 · 10-14-2023, 07:36 PM

Guys, if you can get the diamond coating from your dealer; I think it’s worth it. You get 7 year warranty on exterior and interior and if anything happens to your paint, windows, or interior, they will replace it, no deductible. It also comes with a nice kit to clean your car.

wazzza · 10-20-2023, 02:43 PM

Holy crap rates have gone up. My 2023 5yr finance (not lease) for 106k is only a couple hundred more 🤯

MiladsFrozenM5 · 10-20-2023, 02:49 PM

Quote:

Originally Posted by wazzza

Holy crap rates have gone up. My 2023 5yr finance (not lease) for 106k is only a couple hundred more 🤯

What do you pay?

wazzza · 10-20-2023, 02:50 PM

Quote:

Originally Posted by MiladsFrozenM5

What do you pay?

1780

MiladsFrozenM5 · 10-20-2023, 02:51 PM

Quote:

Originally Posted by wazzza

1780

Wow for 5 years !!! Well, how much did you put down ?

wazzza · 10-20-2023, 02:54 PM

Quote:

Originally Posted by MiladsFrozenM5

What do you pay?

Actually, forgive me. I forgot I got 11k equity on my trade in (2021 M3C). So just about same as yours in the value of the car

wazzza · 10-20-2023, 02:59 PM

Quote:

Originally Posted by MiladsFrozenM5

Wow for 5 years !!! Well, how much did you put down ?

Here you go

MiladsFrozenM5 · 10-20-2023, 03:03 PM

Quote:

Originally Posted by wazzza

Here you go

I got no rebates, no trade in credit, $0 down, and the money factor being around 6.2 %. I think I got a great deal, knowing apr has doubled since your time.

MiladsFrozenM5 · 10-20-2023, 03:05 PM

133,969 with all your rebates , trade in , and taxes.

Mine comes out to 116k. My car is about 10k less than yours

wazzza · 10-20-2023, 03:10 PM

Quote:

Originally Posted by MiladsFrozenM5

133,969 with all your rebates , trade in , and taxes.

Mine comes out to 116k. My car is about 10k less than yours

Yeah rates are crazy right now

geko29 · 10-20-2023, 03:31 PM

Quote:

Originally Posted by MiladsFrozenM5

133,969 with all your rebates , trade in , and taxes.

Mine comes out to 116k. My car is about 10k less than yours

Only if you count them twice. Even if you counted the $2,500 rebate as coming out of his pocket, which it obviously didn't, the total cost after all finance charges are paid is $125k.

$122.5k is his full cost including trade and down payment, if he carries the loan to term.

monkeyman8 · 10-20-2023, 04:02 PM

roughly 60k for the privilege of driving this car for 3 years. not sure if this is the market or not, but I have to think ownership might be cheaper. 72 mos at 6.99 no money down, before sales tax is 1620 per month.

MarineRaider · 10-20-2023, 07:14 PM

Quote:

Originally Posted by MiladsFrozenM5

It’s forum, if not here, then where? I just wanted to see lease rates others received in the near area on the 24’s. I think I got a good deal.

If you didn't would it change anything? I've never understood these kind of posts, before purchase of course, post nope. Either you're crowing or looking for ok's from strangers that you did ok.

Personally, you got screwed, you got P-Zero's.

uhNexus · 10-29-2023, 11:20 PM

Quote:

Originally Posted by Mike02z

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%

Same here. I feel that's the way to do it.

Ir0nEagl3 · 10-31-2023, 10:15 AM

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.

I went far more ham on a base... M performance parts

Mine should arrive sometime in december and I'm juggling between leasing or pure purchase

snyder268 · 10-31-2023, 10:53 AM

Quote:

Originally Posted by Ir0nEagl3

I went far more ham on a base... M performance parts

Mine should arrive sometime in december and I'm juggling between leasing or pure purchase

Maybe you will get lucky with some year end lease specials. If not, purchase may be the way to go.

DefiantVitreous · 10-31-2023, 01:10 PM

BMWFS is offering 5.29% right now. At least on purchase. Not sure lease.

GhostOne_322 · 11-01-2023, 09:52 AM

Quote:

Originally Posted by FiftyFiv3

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

He would have to stay in the lease for 3 years and buy out the car. At worst he's on the hook for ~$55k.

10-14-2023, 07:36 PM	#68
MiladsFrozenM5 M5, 335i, Maserati gts, Audi A8L, CLS 63 49 Rep 100 Posts Drives: m5 Join Date: Sep 2012 Location: laguna niguel iTrader: (0)	Guys, if you can get the diamond coating from your dealer; I think it’s worth it. You get 7 year warranty on exterior and interior and if anything happens to your paint, windows, or interior, they will replace it, no deductible. It also comes with a nice kit to clean your car. Attached Images __________________ M5, 335i, Maserati gts, Audi A8L, CLS 63
	Appreciate 1 G80KG0.00 Quote

10-20-2023, 02:43 PM	#69
wazzza Captain 854 Rep 682 Posts Drives: 2023 G80x M3C Join Date: Oct 2012 Location: Seattle, WA iTrader: (0) Garage List 2023 BMW M3 Competi ... [9.75]	Holy crap rates have gone up. My 2023 5yr finance (not lease) for 106k is only a couple hundred more 🤯 __________________ 2023 G80x M3C \| 2018 X5M [Current] 21 G80 M3C \| 19 AUDI RS5 \| 15 F06 M6 GC \| 18 AMG C63S Coupe \| 15 F82 M4 \| 14 M235i \| 08 E92 328xi \| 95 E36 328i R.I.P [Previous]
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10-20-2023, 03:05 PM	#76
MiladsFrozenM5 M5, 335i, Maserati gts, Audi A8L, CLS 63 49 Rep 100 Posts Drives: m5 Join Date: Sep 2012 Location: laguna niguel iTrader: (0)	133,969 with all your rebates , trade in , and taxes. Mine comes out to 116k. My car is about 10k less than yours __________________ M5, 335i, Maserati gts, Audi A8L, CLS 63
	Appreciate 1 wazzza854.00 Quote

10-20-2023, 04:02 PM	#79
monkeyman8 Monkeyman8 132 Rep 165 Posts Drives: 2023 M340ix, 2024 M8 Vert Join Date: Feb 2023 Location: Washington DC iTrader: (0)	roughly 60k for the privilege of driving this car for 3 years. not sure if this is the market or not, but I have to think ownership might be cheaper. 72 mos at 6.99 no money down, before sales tax is 1620 per month.
	Appreciate 0 Quote

10-31-2023, 01:10 PM	#84
DefiantVitreous Private 22 Rep 69 Posts Drives: 2024 M3 Comp. Join Date: Oct 2023 Location: Chicago iTrader: (0)	BMWFS is offering 5.29% right now. At least on purchase. Not sure lease.
	Appreciate 0 Quote