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G80 BMW M3 and M4 General Topics Pricing, Ordering, Leasing / Purchasing, Delivery

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      01-27-2022, 11:28 AM   #1
wasya152
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are these lease terms seem right?

hi, so finally got my production slot for mid march for the 3rd time now. Basically moved up to #111 again. Dealer is telling me i should finalize the financing since rates are supposed to go up in feb. My car is spec to $91,600. I'm getting quoted with $10k down and 12k miles @$1,176 with 8.25% tax. They are not giving me anything for the M3cs trade but basically a clean wash which sucks. Maybe I'll try to sell it private route, but honestly don't really want to buy it out and deal with it. If I do no money down, I got quoted $1500 for the payment.

Do those terms seem right? I thought with that down payment amount it would be less. Also, kinda doesn't make sense to put down a large payment since if anything happens to the car, I'll loose it. Should I consider maybe buying it instead? I usually lease cars, but not sure with this market.
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      01-27-2022, 11:31 AM   #2
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Yes that does seem right. Have you considered Select?
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      01-27-2022, 11:37 AM   #3
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What do you mean they're giving you nothing for a trade in? As in they're not interested in buying your car? Sell it to a different dealer, I find it hard to believe nobody wants to take in a vehicle in an economy of 0 inventory
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      01-27-2022, 11:46 AM   #4
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Quote:
Originally Posted by yami sukehiro View Post
What do you mean they're giving you nothing for a trade in? As in they're not interested in buying your car? Sell it to a different dealer, I find it hard to believe nobody wants to take in a vehicle in an economy of 0 inventory
Oh, they are getting what must be a lease turn-in, he just isn't realizing any type of gain. In other words, they aren't willing to give any monies above the residual and apply it to the new lease.
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      01-27-2022, 12:03 PM   #5
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Lease rates for G8X are terrible right now, either finance (either through traditional financing or select), and never put that much down on a lease.
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      01-27-2022, 12:36 PM   #6
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Lease rates for G8X are terrible right now, either finance (either through traditional financing or select), and never put that much down on a lease.
^^^ This, but also consider outside financing sources. Last I saw BofA had pretty good rates if you are regular customer of theirs.
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      01-27-2022, 04:45 PM   #7
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Quote:
Originally Posted by wasya152 View Post
hi, so finally got my production slot for mid march for the 3rd time now. Basically moved up to #111 again. Dealer is telling me i should finalize the financing since rates are supposed to go up in feb. My car is spec to $91,600. I'm getting quoted with $10k down and 12k miles @$1,176 with 8.25% tax. They are not giving me anything for the M3cs trade but basically a clean wash which sucks. Maybe I'll try to sell it private route, but honestly don't really want to buy it out and deal with it. If I do no money down, I got quoted $1500 for the payment.

Do those terms seem right? I thought with that down payment amount it would be less. Also, kinda doesn't make sense to put down a large payment since if anything happens to the car, I'll loose it.
Agreed, skip the down. Your payment seems about right at $1500 12k zero down and I am assuming zero drive off including the first month?

Also, I was able to sell for some money back on my M3 CS which had less thank 20k miles on it.
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      01-27-2022, 05:17 PM   #8
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Originally Posted by edofloat View Post
Oh, they are getting what must be a lease turn-in, he just isn't realizing any type of gain. In other words, they aren't willing to give any monies above the residual and apply it to the new lease.
Yes. this is correct. turn it in and get no value, or buy it out and then have to sell it privately. but i'm not getting any equity from the dealer even though the buy out is $62k and these seem to go for around $72-75k right now.
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      01-27-2022, 05:20 PM   #9
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Originally Posted by jmg View Post
Agreed, skip the down. Your payment seems about right at $1500 12k zero down and I am assuming zero drive off including the first month?

Also, I was able to sell for some money back on my M3 CS which had less thank 20k miles on it.
I would have to do this privately. all the dealers and online places like carvana, carmax, etc are giving me the buyout amount for the car. It seems a lot of them are valuing it as a m3 instead of m3 cs, but still. I don't get it since you can't find a single one for under $75kish right now minus the one that Perillo has that has no HUD, no options, old version lights, and CCB brakes which are liability for 30k mile car.
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      01-27-2022, 05:40 PM   #10
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Quote:
Originally Posted by wasya152 View Post
I would have to do this privately. all the dealers and online places like carvana, carmax, etc are giving me the buyout amount for the car. It seems a lot of them are valuing it as a m3 instead of m3 cs, but still. I don't get it since you can't find a single one for under $75kish right now minus the one that Perillo has that has no HUD, no options, old version lights, and CCB brakes which are liability for 30k mile car.
I had the same problem with those companies. Shop around other BMW dealers. They have a better clue as to what these are are.
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      01-27-2022, 06:46 PM   #11
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Quote:
Originally Posted by wasya152 View Post
Yes. this is correct. turn it in and get no value, or buy it out and then have to sell it privately. but i'm not getting any equity from the dealer even though the buy out is $62k and these seem to go for around $72-75k right now.
If BMW lets third parties buy out the lease you would likely be able to extract some gain from your current car. Since BMWFS won't let third parties buy out the leases anymore you're screwed all in the name as a way for BMW stores to get the inventory they would have lost to the third party.

By the time you pay tax, title, etc on top of the car you would probably have to sell it yourself to make any money once you have the title which in some states takes way too long. Maybe you make a few thousand.
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      01-28-2022, 09:26 AM   #12
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Yes that does seem right. Have you considered Select?
I am considering it.....what do people think about it around here?
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      01-28-2022, 09:53 AM   #13
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Wait... Not giving you anything for your trade?. In this current market Its almost impossible to not have positive equity. I Was able to sell my 18 F80 comp 6 speed to a wholesale dealer netting me back $20k on the lease. $12k down is crazy. I would not put anything down on a lease. Aside from paying the tax and fees upfront. Reach out to a wholesale dealer. If youd like I can give you the info for the one I used.
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      01-28-2022, 10:04 AM   #14
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Quote:
Originally Posted by ROBERT1183 View Post
Wait... Not giving you anything for your trade?. In this current market Its almost impossible to not have positive equity. I Was able to sell my 18 F80 comp 6 speed to a wholesale dealer netting me back $20k on the lease. $12k down is crazy. I would not put anything down on a lease. Aside from paying the tax and fees upfront. Reach out to a wholesale dealer. If youd like I can give you the info for the one I used.
was this before BMW made it not possible to sell leases? I think it was Oct when it was changed. Yeah, wanted to get a lower payment, but since the deposit is lost if anything happens, probably not going to do it now.
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      01-28-2022, 10:47 AM   #15
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Originally Posted by wasya152 View Post
was this before BMW made it not possible to sell leases? I think it was Oct when it was changed. Yeah, wanted to get a lower payment, but since the deposit is lost if anything happens, probably not going to do it now.
Yes it was before. But there are ways around it. He works with dealers that buy it out for him from BMW
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      01-29-2022, 10:50 AM   #16
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Putting aside the trade in issue, figuring out whether you should lease or finance is simple math. Your total lease cost will be $52k (36 x $1176 + $10k).
If you buy the car by putting 10% down and financing the rest over 6 years, your monthly payment will be $1360. (I've assumed $99k purchase price including tax and 2.9% apr). Over 36 months, that comes to $59k ($9.9k down + 36 x $1360). After 36 months, you then sell your car for $60k. After paying off the $40k you still owe, you pocket the $20k. $59k-$20k = $39k total cost if you buy. So you save $13k. Not a negligible savings.

Given the rate of inflation too, there's no telling what your used m3 will sell for in 2025. You might get $70k for it and save even more money.
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      01-29-2022, 10:58 AM   #17
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You can still sell a BMW privately from a lease. You just have to purchase it first. That means you pay tax on the residual, but if the spread is big enough, you should still come out ahead. You actually do have some leverage here. The dealership stands to make $10,000- $12,000 from your M3cs immediately. They'll arguably make more off your trade than your new car. I'd tell them that you want something off the top of your new car or you'll just sell the current privately. In this market, they should be somewhat agreeable.
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      01-29-2022, 01:44 PM   #18
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Quote:
Originally Posted by razman View Post
Putting aside the trade in issue, figuring out whether you should lease or finance is simple math. Your total lease cost will be $52k (36 x $1176 + $10k).
If you buy the car by putting 10% down and financing the rest over 6 years, your monthly payment will be $1360. (I've assumed $99k purchase price including tax and 2.9% apr). Over 36 months, that comes to $59k ($9.9k down + 36 x $1360). After 36 months, you then sell your car for $60k. After paying off the $40k you still owe, you pocket the $20k. $59k-$20k = $39k total cost if you buy. So you save $13k. Not a negligible savings.

Given the rate of inflation too, there's no telling what your used m3 will sell for in 2025. You might get $70k for it and save even more money.
You can sell the same car whether it's leased or financed.
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