[modthispny]

9% off definitely seems suspect. I know that's the going rate when trying to lease a bmw but it seems way too early for bmw to give that sort of discount for a car that literally just came out this week.

Can also be a region thing too. I live in so cal and my m550i goes back in December. If by then I can get 9% off an m3/m4 competition I will be beyond ecstatic.

[Dave07997S]

The car just came out and the lease rates are already starting to improve.

[CanesM4]

Originally Posted by modthispny

9% off definitely seems suspect. I know that's the going rate when trying to lease a bmw but it seems way too early for bmw to give that sort of discount for a car that literally just came out this week.

Can also be a region thing too. I live in so cal and my m550i goes back in December. If by then I can get 9% off an m3/m4 competition I will be beyond ecstatic.

I had my salesman send me an email so I could have the deal in writing. Here is a screenshot of the email. You just have to find a dealer willing to negotiate. I originally wss dealing with three of them, then two and then got the best deal I thought I could get. Maybe go out of state if you have to

[pg80]

Originally Posted by chicagofan00

Multiple Security Deposits. Essentially you put down money to lower the money factor on the lease and then you get that money back at the end.

that's interesting iv never heard of that before ill look in to it thanks !

[modthispny]

Originally Posted by CanesM4

I had my salesman send me an email so I could have the deal in writing. Here is a screenshot of the email. You just have to find a dealer willing to negotiate. I originally wss dealing with three of them, then two and then got the best deal I thought I could get. Maybe go out of state if you have to

Attachment 2543103

Good stuff man. What region?

[CanesM4]

Originally Posted by modthispny

Good stuff man. What region?

Southern Connecticut. Not too far from NYC

[NYAWE60]

Originally Posted by BMW Lunatic

Where are the days of 58-60% residual and $4000 in rebates m3s for 700 a month with taxes and fees . Miss those days man damn !!!

They'll be back. The car is very new and this pricing is expected. You just have to be willing to wait 2-3 years lol.

[chicagofan00]

Who here has done BMW Select financing in the past? Looking to get into an M3 either later this year or possibly next year and not sure on the best route to go at this point. I typically do anywhere from 13k to 15k+ miles per year so leasing isn't necessarily the best option given the possibility for overages on the miles. I usually get a new car every 2-4 years and have always financed but was thinking that the select program may be the better route to go with the M3 as it is a bit of a split between financing and leasing with regards to the monthly payment.

[OSee]

Originally Posted by chicagofan00

Who here has done BMW Select financing in the past? Looking to get into an M3 either later this year or possibly next year and not sure on the best route to go at this point. I typically do anywhere from 13k to 15k+ miles per year so leasing isn't necessarily the best option given the possibility for overages on the miles. I usually get a new car every 2-4 years and have always financed but was thinking that the select program may be the better route to go with the M3 as it is a bit of a split between financing and leasing with regards to the monthly payment.

I’d usually advise against balloon loans of any type but with an M3 you’ll at best come out ahead a few grand and at worst break about even. At 2 years your payment will probably be higher since that’s the biggest residual dip. Sweet spot is 3 to 4.

Also, I don’t think BMW Select is the best option. There are balloon loans through credit unions that allow you to Walk Away at the end like you’d do in a traditional lease if you keep mileage within your agreed upon range (or at .10 per mile). This way you don’t assume any of the risk if you get dinged with a equity eating CarFax incident and end up upside down.

[chicagofan00]

Originally Posted by OCfromOC

I’d usually advise against balloon loans of any type but with an M3 you’ll at best come out ahead a few grand and at worst break about even. At 2 years your payment will probably be higher since that’s the biggest residual dip. Sweet spot is 3 to 4.

Also, I don’t think BMW Select is the best option. There are balloon loans through credit unions that allow you to Walk Away at the end like you’d do in a traditional lease if you keep mileage within your agreed upon range (or at .10 per mile). This way you don’t assume any of the risk if you get dinged with a equity eating CarFax incident and end up upside down.

That was my thought with regards to an M3 being one of the very few vehicles where the select financing might actually work.

I was not aware of the other select style finance offers out there. Might look into those too. Thanks!

[Werkz12]

Im seeing some bad information posted here.
Those who expect $800 a month w. no money down are unrealistic.
Maybe if you get some special employee pricing.

Those who are accepting $1300/month are being raped unless the car is a $100k spec.

The numbers will of course vary based upon MSRP (how the car is spec'd)

Bottom line for a lease: you absolutely MUST focus on:
1. selling price / the discount you are (or are not) getting is key
2. residual
3. money factor

Without all three inputs you can not make an informed decision.

You can and should expect about a 5% discount.
On a $77,445 MSRP M3 expect a ~$4,000 discount.

$77,445 MSRP
Selling price of around $73500
36 month / 10k mile lease breaks down:

.00126 MF
57% residual
$1,050 month payment including taxes (this is based on PA tax)
$2000 total due at signing (not cap cost reduction - just $2k total out of pocket)

If you can negotiate BETTER than this that is great.
I would not consider paying any more on a G80 M3 lease.

Any Money Factor can be multiplied by 2400 to get the true rate:
3% in this case: .00126 X 2400 = 3

As for the old lease vs buy Q I see in this thread - many factors go into this.

If you have an accident and end up with a bad carfax - you are F'ed when you go to sell or trade. Value takes a HUGE hit. With a lease - it doesn't matter, just turn it in no matter what. I enjoy that security - its "just a lease and I don't own it"

With a lease - never put money down IMO. Just bare minimum start up fees (no more than $2000) which include first month payment tax & tags. The rule is: every $1,000 you put down takes your payment down $30/month. Sure you can have a $850 payment if you put $8,000 down on a lease! But WHY - thats $8,000 you just threw in the trash.

With a purchase you can certainly make a large down payment and have a low monthly payment - but in my experience after 36 months I end up selling the car for what I owe. So essentially it's break even and "I just had a payment" for a few years - which is basically the same as the lease.


In most cases no equity is built unless you plan to keep the car for 5+ years. (aside from money you may have put down upfront but I'd much rather have that money earning 8% + in the market vs getting it back when I sell)

So if you keep your cars 5+ years - finance. If you are in and out quick - lease.

I never keep a new car more than 2-3 years and sometimes only one year so for me leasing makes sense. Vintage //M cars and air cooled 911's - those I own or finance as they are "keepers"


I almost never keep my 36 month lease the full term. I almost always turn them in after 14 months. Yes - you CAN turn in a 36 month lease in 14 months. I've done is successfully 10 or more times. There is always that sweet spot when the car has about 10k miles and your lease buyout is even with the market value of the car. There will be a buyer happy to buy a pampered m3 with 10K miles for a nice discount off MSRP. The smart dealers understand this and will often take the car on trade in order to sell you a new car. This means 14 months into a 36 month lease you just roll into your next car...

If the dealer wont offer you the lease buyout on trade, find a private buyer and have the dealer selling you the next car do a courtesy trade. Most will.

Separate topic for a different thread but - is this the last manual M3?
If it is - could be a nice surprise that these hold value as the "last of"
(if you spec it right that is)

[Jcali86]

You can't apply all of that to everyone. Someone might do 10k miles the first year for example; I wouldn't be surprised if I do 15k honestly. You can't get discounts anywhere near me or in California, some places are over msrp as well.

It's all dependent on what you need, where you live and how you'll use the car.

Appreciate the information though and yes, this will be the last manual, the next cars will be hybrid then fully electric on the model after that; Europe is anti ICE.

[OSee]

On LH there are people getting 9% on the M4 and close to 6% on the M3. Base MF. And it’s repeatable.

Tempted but holding out for AWD.

[Nj1420]

Originally Posted by OCfromOC

On LH there are people getting 9% on the M4 and close to 6% on the M3. Base MF. And it's repeatable.

Tempted but holding out for AWD.

Can you provide a link to these deals please? I'be searched the LH site and can only find one forum discussing pricing on the new G8xs. Thanks!

[Werkz12]

Originally Posted by OCfromOC

On LH there are people getting 9% on the M4 and close to 6% on the M3. Base MF. And it’s repeatable.

Tempted but holding out for AWD.

Is .00126 the base MF? If its not - I need to have a chat with my dealer.

6% discount is in-line with what I'm seeing (5% without pushing too hard)

[BMdoubleUTIFUL]

.00086 is base MF right now

[OSee]

Originally Posted by Nj1420

Can you provide a link to these deals please? I'be searched the LH site and can only find one forum discussing pricing on the new G8xs. Thanks!

I browse on my iPhone in private mode and don't have the link handy in my history. There's a few brokers offering this deal. I do remember that one of them's username is 'leasecompanion'. Can find him on the Marketplace > Northeast. They ship nationwide (on the buyer).

He had a few build slots left and one M4 already on the ground. Good luck.

[Werkz12]

Originally Posted by BMdoubleUTIFUL

.00086 is base MF right now

Thanks.
Based on your info - my MF is being marked up.

Can you share where you are getting your info on the base MF?
Is it posted somewhere public?

[nick_umm]

Anyone think the lease rates will dive this time next year on 2021 model when the 2022 AWD models release?

I got a slick deal on my 2020 X3MC in August (end of model year) paying $739/mo. Want to get back in an M3 manual (which means non-comp) but can't fathom paying more per month for a non-comp car with a like $7-8k lower MRSP.

I'm planning on waiting until this time next year to swap my lease and pick up an M3 if prices normalize a bit more. Just curious what everyone's thoughts are if end of model year will reduce prices similar to what I saw on my X3MC or if I'm dreaming here.

Thanks y'all

[M3AWD]

Originally Posted by nick_umm

Anyone think the lease rates will dive this time next year on 2021 model when the 2022 AWD models release?

I got a slick deal on my 2020 X3MC in August (end of model year) paying $739/mo. Want to get back in an M3 manual (which means non-comp) but can't fathom paying more per month for a non-comp car with a like $7-8k lower MRSP.

I'm planning on waiting until this time next year to swap my lease and pick up an M3 if prices normalize a bit more. Just curious what everyone's thoughts are if end of model year will reduce prices similar to what I saw on my X3MC or if I'm dreaming here.

Thanks y'all

I think discounts will improve on the RWD M3/M4 when the AWD version is officially launched in a few months (production starts July), and then I expect even higher discounts on the 2022 M3 around Spring/Summer of 2022 when the 3 series LCI is launched which will change at least the tail lights of the 2023 M3 and most likely the dash from what I heard.

[BMdoubleUTIFUL]

Originally Posted by Werkz12

Thanks.
Based on your info - my MF is being marked up.

Can you share where you are getting your info on the base MF?
Is it posted somewhere public?

You can usually find it on the edmunds forum. The only thing that changed for March was the residual values

[LBBF87]

This is my first time leasing and not paying cash (not a loan - cash) so I apologize if this is a stupid question as I know nothing about BMW FS or the process.

I went to a dealer today, agreed on 3.5% off and put down a $1000 deposit on a AWD build.

Now correct me if I'm wrong but MF and Residuals will be negotiated within 90 days of delivery and worrying about them now is not possible.

I (maybe stupidly) did not talk about MF with my CA.