10-04-2021, 01:55 PM | #1651 | ||
Lieutenant Colonel
2710
Rep 1,659
Posts |
Quote:
|
||
Appreciate
1
BIGW0RM3150.00 |
10-04-2021, 06:44 PM | #1652 |
You got my money?
3150
Rep 4,644
Posts
Drives: Ice Cream Truck
Join Date: Jul 2011
Location: ///OC
|
Then my lease days are over.
__________________
2022 G80 M3 Competition X / 2020 Range Rover Sport P525 / 2023 Ford Raptor
|
Appreciate
1
Sedan_Clan25022.00 |
10-04-2021, 08:48 PM | #1653 | |||
Private First Class
49
Rep 101
Posts |
Quote:
|
|||
Appreciate
0
|
10-04-2021, 09:37 PM | #1654 |
Brigadier General
3460
Rep 3,995
Posts |
BMW leases have gotten a lot less sexy in the last few years.
I remember residuals were at 66% when I got my F80. Good times.
__________________
Current: G82 M4 Comp xDrive // Frozen Deep Grey
Current: 95B.1 Macan Turbo // Dark Blue Metallic |
Appreciate
0
|
10-04-2021, 09:39 PM | #1655 | ||
You got my money?
3150
Rep 4,644
Posts
Drives: Ice Cream Truck
Join Date: Jul 2011
Location: ///OC
|
Quote:
Quote:
My thoughts exactly! F80 was a hell of a lease. Lol.
__________________
2022 G80 M3 Competition X / 2020 Range Rover Sport P525 / 2023 Ford Raptor
|
||
Appreciate
1
Ultimatespeed92.00 |
10-05-2021, 06:06 AM | #1656 |
Major
807
Rep 1,401
Posts |
I believe that this will be a temporary measure
to help their dealer get inventory in unusual times BMW is a leasing company and in the old days they were losing money on lease returns and this is why they allowed third party buyouts and their dealers refused a lot of cars so if a third party buy the car it was a win for BMWFS as they don't have to deal with these lease returns and give their dealers huge incentives to take these cars what this means in real life at this time , is customer has less negotiating power as the buyer pool has shrunk from any party to only BMW dealers and they know that, so they will lower their offers as there is less competition you can also buy your lease out and sell it to a third party , but in most states you have to pay taxes on payoff amount , so essentially negates any or most of the equity that you have in the car Last edited by M3PGH; 10-05-2021 at 06:43 AM.. |
Appreciate
0
|
10-21-2021, 10:58 PM | #1657 |
Registered
0
Rep 2
Posts |
I have a question if anyone can help me out. I’m trying to finance a 2021 used m3 with BMW select but the sales manager said I wasn’t approved for select but was approved through regular financing. My credit score is in the 640’s but I have a co-signer with 730. I was told the co-signer didn’t really help much and he gave me 2 options that were 72 months. 15000 down with 3.99-4.99 apr or 5000 down with 9.7 apr.
Msrp of the vehicle is around 99k |
Appreciate
0
|
10-21-2021, 11:45 PM | #1658 | |
Registered User
208
Rep 197
Posts |
Quote:
|
|
Appreciate
0
|
10-22-2021, 02:33 AM | #1659 | |
Potato peeler
542
Rep 207
Posts |
Quote:
__________________
2021 Brooklyn Grey G80 M3
2015 Mineral Grey F80 M3 | 2014 Glacier Silver F30 335i M-Sport | 2006 Jet Black E46 M3 | 1999 Arctic Silver E36 M3 |
|
Appreciate
0
|
10-22-2021, 12:10 PM | #1660 |
Registered
0
Rep 2
Posts |
I will try with pended. I don’t understand though how I was approved for select financing when I applied alone but with a co-signer I’m not. Sorry I have little experience purchasing a vehicle. They are just telling me I need 15k down but for regular financing in order to get approved.
|
Appreciate
0
|
10-22-2021, 12:23 PM | #1661 | |
Occasionally frequent poster
3000
Rep 2,744
Posts |
Quote:
b) this happened to me twice, getting out of a BMW lease. The first time, I was caught unaware, and had to spend over $1000 to the state to do the title transfer, the second time I was aware, but fortunately the buyer had a friend in a family-owned dealership that handled the transaction for us, saving me the cost. This last time, I used swapalease, which worked out great for me (out of my lease early) and the assumer (got a great car for nearly nothing down for a short-term lease). Because of the economy, and BMW incentives, leasing the M4 was not a good alternative for me, so I bought it.
__________________
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) |
|
Appreciate
0
|
10-23-2021, 01:44 PM | #1662 |
Private First Class
75
Rep 156
Posts |
What is your opinion on these numbers? M3 is 79K. Trading in my car at 8K plus additional 5K down. I'm doing bmw select financing at 863/months for 60 months at 1.9 APR. The bubble/residual is 29K after the 60 months. All taxes included with no additional fees. These are exact numbers
FYI: Without the bmw select financing the APR is at 4.9 for anything over 60 months. According to my math it is about a 8-10k markup. I know it is not the best deal but at the same time even if I had all the money I cannot find any unless I build one from scratch. Last edited by Murse85; 10-23-2021 at 01:50 PM.. |
Appreciate
0
|
10-23-2021, 01:50 PM | #1663 | |
Lieutenant Colonel
3234
Rep 1,606
Posts |
Quote:
|
|
Appreciate
1
Sedan_Clan25022.00 |
10-23-2021, 02:04 PM | #1664 |
Private First Class
75
Rep 156
Posts |
Can you elaborate on the 4K negative equity. Our numbers seem very similar but you obviously got the better deal with your msrp being 8k higher.
|
Appreciate
0
|
10-23-2021, 02:11 PM | #1665 | |
Lieutenant Colonel
3234
Rep 1,606
Posts |
Quote:
The total net price of my purchase on the $87K sticker (including the $4K negative equity) was $101k. This includes tax (AZ tax) I put $14K down and my payment with 60 month select is $950 a month over 60 months. The residual is the same $29K after the 60 months as you were quoted. Hope this helps. |
|
Appreciate
1
Sedan_Clan25022.00 |
10-23-2021, 02:27 PM | #1666 | |
Private First Class
75
Rep 156
Posts |
Quote:
|
|
Appreciate
0
|
10-27-2021, 08:21 AM | #1667 | |
Lieutenant Colonel
882
Rep 1,661
Posts |
Quote:
Is the current Select rate .9% on M cars?
__________________
18' F80 6MT, 991.1s cab PDK, F83 6mt, 996 C4S cab 6mt, F30 328iM 6mt
E60 M5 SMG, E39 M5, E46 M3 cab 6mt, E36 M3 5mt |
|
Appreciate
0
|
10-27-2021, 11:49 AM | #1669 |
Lieutenant Colonel
882
Rep 1,661
Posts |
So it's .9% for 60 months with Select right now? Would you mind sharing the details of your deal? Sorry if you posted already.
__________________
18' F80 6MT, 991.1s cab PDK, F83 6mt, 996 C4S cab 6mt, F30 328iM 6mt
E60 M5 SMG, E39 M5, E46 M3 cab 6mt, E36 M3 5mt |
Appreciate
0
|
10-27-2021, 02:42 PM | #1670 | |
Captain
688
Rep 750
Posts |
Quote:
+ State Taxes - $500 Loyalty - $500 Penfed - $2000 Discount - $1000 Deposit = $920/mo for 60 months with a balloon of $29.3K |
|
Appreciate
0
|
10-27-2021, 05:57 PM | #1671 | ||||
Lieutenant Colonel
882
Rep 1,661
Posts |
Quote:
Quote:
__________________
18' F80 6MT, 991.1s cab PDK, F83 6mt, 996 C4S cab 6mt, F30 328iM 6mt
E60 M5 SMG, E39 M5, E46 M3 cab 6mt, E36 M3 5mt |
||||
Appreciate
0
|
10-27-2021, 06:02 PM | #1672 | |
Potato peeler
542
Rep 207
Posts |
Quote:
I was going for select but the Hawaii region doesn't show the 0.9% rate as an option. IIRC the lowest was 1.99%. I opted for leasing as the rate wasn't far off and I have the option to turn in the car if there's any major issue.
__________________
2021 Brooklyn Grey G80 M3
2015 Mineral Grey F80 M3 | 2014 Glacier Silver F30 335i M-Sport | 2006 Jet Black E46 M3 | 1999 Arctic Silver E36 M3 |
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|