[23109VC]

Any of you lease your M4? Looking at a vert and wondering what kind of pricing you are seeing ?

[kgelfen360]

I am not an expert but I think with current rates BMW is giving best option is cash purchase. Then next best option is outside financing if you can find something for 4%.
Otherwise lease or buy from BMW you looking at 5-6% depending on deal and dealer.

[vj123]

There have not been several lease deals in the recent past due to the high rates. You can find few recent updates in the below sticky thread.

https://www.bimmerpost.com/forums/sh....php?t=1772091

[DFW_M]

2023 M3 6MT lease, $85k MSRP, $0 down
$1,288/month including TX tax (on the whole purchase value, not the lease value…)

[23109VC]

Originally Posted by DFW_M

2023 M3 6MT lease, $85k MSRP, $0 down
$1,288/month including TX tax (on the whole purchase value, not the lease value…)

that’s not bad… but the Vert I am looking at has an MSRP about 10k higher…. So i”d have to factor in the addition amount financed…roughly using your numbers that woudl put a $95k vert at about $1450/month….

The used 911 cab I was looking at would be almost $2000 a month..and that’s a USED one… 😬 when you feel bad about spending $1500/month for a car, just go look at something that costs $2000+ a month and suddenly your huge car payment seems almost cheap!

[kgelfen360]

Originally Posted by 23109VC

that’s not bad… but the Vert I am looking at has an MSRP about 10k higher…. So i”d have to factor in the addition amount financed…roughly using your numbers that woudl put a $95k vert at about $1450/month….

The used 911 cab I was looking at would be almost $2000 a month..and that’s a USED one… 😬 when you feel bad about spending $1500/month for a car, just go look at something that costs $2000+ a month and suddenly your huge car payment seems almost cheap!

Yea I think this is reality of post Covid life. Inflation cause prices of these cars to go up a lot. And now u have high rates as well.

[Casone238]

I was thinking about buying my M3 comp I have in order however with the 6% rates it makes it cheaper to lease. Unless it’s going to be a weekend car with super low miles that you can trade in in 3-4 yrs and get back like 60-70k for it. Once I’m close to delivery I’m look through the numbers and rate and see what’s makes the most sense.

[kgelfen360]

Originally Posted by Casone238

I was thinking about buying my M3 comp I have in order however with the 6% rates it makes it cheaper to lease. Unless it’s going to be a weekend car with super low miles that you can trade in in 3-4 yrs and get back like 60-70k for it. Once I’m close to delivery I’m look through the numbers and rate and see what’s makes the most sense.

They are giving them like 55% residual value but it seems like they sell for a lot more.
I just feel like 3 yo M3 will be worth more then 50k. But I am might be wrong. I am saying this cuz I see F gen selling for 50. I dunno.

[Casone238]

Originally Posted by kgelfen360

They are giving them like 55% residual value but it seems like they sell for a lot more.

If you get the base, 6 speed or the rwd the residual changes between 56-57%. The X drive is the money maker

[kgelfen360]

Originally Posted by Casone238

If you get the base, 6 speed or the rwd the residual changes between 56-57%. The X drive is the money maker

Yea I am getting M3CX with all 3 packages MSRP around 92k.
From what I seen on this forum it just doesn’t sound like good deal to me to lease. Most people still had around 5% interest on lease.

[Casone238]

Originally Posted by kgelfen360

Yea I am getting M3CX with all 3 packages MSRP around 92k.
From what I seen on this forum it just doesn’t sound like good deal to me to lease. Most people still had around 5% interest on lease.

Yeah mine was 96k due to adding the carbon fiber exterior package. I’m praying the MF gets better during the time of signing the paperwork. The 2% I got on my M340 seems prehistoric with these new rates.

[23109VC]

Yeah, no kidding I financed my M550 just a couple of years ago and with zero haggling got 2% for 72 months….. that same deal today would be at 6% minimum even with perfect credit

[Casone238]

Originally Posted by 23109VC

Yeah, no kidding I financed my M550 just a couple of years ago and with zero haggling got 2% for 72 months….. that same deal today would be at 6% minimum even with perfect credit

My credit is 810 and I’m getting quoted 6.72% as the lowest. BMWFS is offering me 5.99% if I put down 11K, when I asked for the reason is because I have an expiring lease on the M340 and have an approval for a lease on a X5 40i. It’s nuts

[23109VC]

I hear you even with stellar credit and putting down significant amounts of cash rates are no good. I bought a certified preowned Cayenne GTS a couple of months ago and put down a significant amount of cash and even then I was sickened at the rates I was offered both at the dealership and through my banks.

All those good old days of 0%, financing or 1.9 for 72 months are out the window.

Can you imagine what’s happening to people who have shitty credit trying to buy a Kia for 25 grand with no money down!! It’s probably borderline criminal….

.

[Casone238]

Originally Posted by 23109VC

I hear you even with stellar credit and putting down significant amounts of cash rates are no good. I bought a certified preowned Cayenne GTS a couple of months ago and put down a significant amount of cash and even then I was sickened at the rates I was offered both at the dealership and through my banks.

All those good old days of 0%, financing or 1.9 for 72 months are out the window.

Can you imagine what’s happening to people who have shitty credit trying to buy a Kia for 25 grand with no money down!! It’s probably borderline criminal….

.

It’s straight up criminal. I know someone who was trying to lease a basic Honda civic. Credit wasn’t good due to lack of credit history. To finance idk what the rate was but the car had a msrp of 27k and if he stuck with the term it he would of paid 52k. When he inquires about the numbers to lease it they tell him 550$ a month with 5k down. So I ask what is the MF & residual value that your getting to that number. The CA didn’t want to disclose. I’m like dude mathematically that’s damn near impossible the MF has to be at like 50% and the RS has to be at like 20% to get 27k to lease out at 550$ a month with 5k down. My advice was lime bro get yourself a beater and get your start using your credit cards lol

[kgelfen360]

Yea same here I have scores in 820s and reached out to local credit units that suppose to have great rates. They are terrible. Rates of like 6.25. I am not doing that. PenFed I think is lowest u less you can do NAVY Federal.
I am leaning to just paying cash for the whole thing and be done with it.
I am going to keep car long term for sure.

[Casone238]

Originally Posted by kgelfen360

Yea same here I have scores in 820s and reached out to local credit units that suppose to have great rates. They are terrible. Rates of like 6.25. I am not doing that. PenFed I think is lowest u less you can do NAVY Federal.
I am leaning to just paying cash for the whole thing and be done with it.
I am going to keep car long term for sure.

Yeah Penfed had the lowest rate a little higher then yours. Ideally I would like the keep the car long term since the X5 will be the daily where as the M3 will be the weekend car or when my wife is out and about I have a car to get around in. However I’ve never had a car longer then 3.5 years. If I finance or lease will determine if I PPF it or ceramic coat it. Paying cash is not a option my wife wouldn’t agree to that 😅

[Gfit]

It’s all relative. A few years ago loans were 2% but we were getting 0% on my cash. Now it’s easy to get over 5% on my cash. All evens out and it may even be a little better now because the spreads may be lower.

[geko29]

Originally Posted by Gfit

It’s all relative. A few years ago loans were 2% but we were getting 0% on my cash. Now it’s easy to get over 5% on my cash. All evens out and it may even be a little better now because the spreads may be lower.

Except.....0% before taxes is also 0% after taxes. The 4.55% I'm earning on my cash right now is 2.87% after federal and state income taxes.

[Gfit]

Originally Posted by geko29

Except.....0% before taxes is also 0% after taxes. The 4.55% I'm earning on my cash right now is 2.87% after federal and state income taxes.

True but my cash balance is significantly higher than any loan balances so it works out favorably since a few years ago we were getting nothing. Of course, others mileage may vary.

Check out the Vanguard Federal MM. 5.05%.

[DFW_M]

Originally Posted by Casone238

If you get the base, 6 speed or the rwd the residual changes between 56-57%. The X drive is the money maker

???
Residual on a 36/10k:
Base = 60%
Comp RWD = 59%

[Casone238]

Base is 60%
Comp RWD is 59%