12-21-2021, 11:09 AM | #1739 |
Registered
0
Rep 2
Posts |
Been out of the BMW game for a hot second, considering maybe getting an M3 now that the EV credit looks dead. Looking for MSRP at most, yes I know times are tough but that's what I'm looking for if this is to happen. How do I begin a search, I've only bought Teslas in the past 4 years and a bunch of the legacy manufacturer aggregators seem worse now like TrueCar (no longer showing prices upfront, just a lead generator now) — do I start contacting dealers? I loathe that process, in the past there were dealers/brokers you could work with online, is there such a thing? I have PenFed, is that any good for this? I can pay cash if needed, would of course prefer a low finance rate instead. Main thing is to find a car, tho not in any big rush, I can wait 2-5 months, would like to leverage this to get a decent price. I'm in TX, saw a recent post by someone they found an allocation in this state @ MSRP so doesn't seem so outlandish.
Q: do we think the manual will become semi-rare in the US? I'm split, prior to no transmission (tesla) I only drove manuals, however my wife doesn't like to drive them (she can just doesn't feel as in control as she'd like, and I don't want to put her in that position; she DDs a Tesla and I understand it feels like going back to the stone ages if you're not an enthusiast). Is it easier to get the car in manual or auto, or doesn't matter? |
Appreciate
0
|
12-21-2021, 12:49 PM | #1740 | |
Major
426
Rep 1,457
Posts |
Quote:
Manuals are always less common and Ive always had an easy time reselling for good prices in the past. |
|
Appreciate
0
|
12-21-2021, 01:22 PM | #1741 |
Lieutenant
232
Rep 519
Posts |
Can anyone explain cons of the balloon. I currently have an M340i.... but am tempted by M3. Ideally if I could be around $800 a month I think I'd be motivated. Believe in a few years I can afford a 30k or so payout or sell the car based off current market?
|
Appreciate
0
|
12-21-2021, 02:01 PM | #1742 | |
Lieutenant Colonel
3241
Rep 1,606
Posts |
Quote:
You can be at literally whatever payment you want. A lot of folks say to put no money down since the 'buy' rate or whatever it's called is 0.9% so it's free money. I preferred to put money down to get under $1,000 monthly |
|
Appreciate
1
bese60231.50 |
12-21-2021, 05:08 PM | #1743 | ||||
m3powerbuttonlover
66
Rep 237
Posts |
Quote:
Quote:
Anyone know any dealer the tri state that's willing todo .9%? Was at BMW Manhattan and they said they can only do 1.9%…. |
||||
Appreciate
0
|
12-21-2021, 06:27 PM | #1744 | |||||
Lieutenant Colonel
2463
Rep 1,738
Posts |
Quote:
|
|||||
Appreciate
0
|
12-21-2021, 06:28 PM | #1745 | ||||||
m3powerbuttonlover
66
Rep 237
Posts |
Quote:
|
||||||
Appreciate
0
|
12-21-2021, 09:47 PM | #1746 |
Private
53
Rep 65
Posts |
2022 M3 AWD - MSRP is $88500.
No discount Dealer is offering 2 lease options for 12K/3yrs, $1400/month + $2500 cash down $1250/month + $7500 cash down Both options includes all IL taxes/fees I think they have added some markup to MF Is this a good deal ? If lease deals are too expensive, I might finance the car(assuming I can get .9%). Thoughts ? Anyone knows the December MF and Residual ? Last edited by teamtj; 12-21-2021 at 09:55 PM.. |
Appreciate
0
|
12-21-2021, 10:06 PM | #1747 | |
Major General
8566
Rep 5,388
Posts
Drives: 2022 Aventurin/SS G82 xDrive
Join Date: Feb 2007
Location: South Florida
|
Quote:
B. Hell no $2500 down with 0.9% 60 month financing would be around $1400/month. A lot of people have done BMW Select with 0.9% 60/months and on that hike with $2500 down you'd be around $1000/month (with about a $32k balloon in 5 years). But both of those leases are not good. |
|
Appreciate
1
teamtj53.00 |
12-21-2021, 10:11 PM | #1748 | |
Private
53
Rep 65
Posts |
Quote:
You are right, I will be better off with financing. I am not sure if BMW Select is available in Illinois. Let me find out. |
|
Appreciate
0
|
12-21-2021, 10:12 PM | #1749 |
Private First Class
347
Rep 196
Posts |
Bought my car with 0.9% select at Braman Jupiter
|
Appreciate
0
|
12-21-2021, 10:59 PM | #1750 | |
Private
53
Rep 65
Posts |
Quote:
I will see if dealer can offer me any discount on msrp(unlikely). Used an online calculator, with .9% 60 months, payment is coming to $1580 with $2500 down(inclusive of all taxes/fees). Given the crazy lease rates, financing(with .9%) seems to be a better decision |
|
Appreciate
0
|
12-22-2021, 02:44 AM | #1751 |
Second Lieutenant
377
Rep 234
Posts |
i was able to pre qualify for .9 on select ,and i believe if a dealer is selling at MSRP they are making money ,also the 999 dealer fee , straight profit
|
Appreciate
0
|
12-22-2021, 03:35 AM | #1752 |
Lieutenant
672
Rep 405
Posts |
Just read through the last 4 months of posts to get caught up. Quick question — why all the negative comments about the current lease environment?
Historical / precedent aside, isn't the lease vs buy argument just a matter of (1) MF vs loan APR (2) selling optionality and (3) tax treatment? High residuals are great w/r/t monthly payments, but a car is still a (shitty) asset. A less favorable lease today is more favorable down the road, no? If "low" residuals lead us to having "equity" in the car at the end of the lease, can't you just buy it and resell to capture that? Apart from being conditioned to think an M3 should lease out for under $1,000 a month, I don't see why a $1200ish payment is so egregious for an $85k car. From my perspective, the only factors that matter here are the three listed above. And, to that end, an argument could be made that the incremental interest expense of a lease is potentially offset by the lower overall financial exposure on a (shitty) $85k asset — particularly for those of us in big cities surrounded by terrible drivers / theft etc. Regarding lever #2, I'll concede that the 3rd party buyout dynamic is a hit to leasing. It's the one item I struggle with, as it's challenging to recapture the inflated market price when at the mercy of what a dealer will offer. I could only hope that market dynamics will force dealers to compete within their own ecosystem, and a fair price will emerge. Topping this all off and like others have mentioned, I don't see the economic environment changing. Inflation is not transitory, and will likely remain even with QE going away. Chip shortages will last through 2022, potentially beyond given escalating tensions in Taiwan. Manufacturers will charge more, and we're already seeing it with the January M3/M4 price hike. Feel free to disagree, would love to hear why I'm wrong. But I can't keep waiting for historical deals to re-emerge in this radically new global / economic environment that has fundamentally changed. Or, I guess you could wait, but just not while driving the best sport sedan on the market!
__________________
Current: G87 M2 on deposit, 992 Carrera T incoming
Past: 997.2 911 Carrera S, Macan Turbo, G80 M3 Competition, X3M Competition, OG M2, MK6 GTI |
Appreciate
7
|
12-22-2021, 05:19 AM | #1753 | |
Lieutenant Colonel
2722
Rep 1,665
Posts |
Quote:
|
|
Appreciate
0
|
12-22-2021, 05:21 PM | #1754 | |
Major
807
Rep 1,401
Posts |
Quote:
|
|
Appreciate
0
|
12-22-2021, 07:53 PM | #1755 |
Lieutenant
672
Rep 405
Posts |
Can someone confirm the loyalty is $1000 and applicable in all states?
__________________
Current: G87 M2 on deposit, 992 Carrera T incoming
Past: 997.2 911 Carrera S, Macan Turbo, G80 M3 Competition, X3M Competition, OG M2, MK6 GTI |
Appreciate
0
|
12-23-2021, 09:58 AM | #1757 |
Lieutenant
672
Rep 405
Posts |
I checked with the moderators at Edmunds and can confirm it's $500, not $1000 for the M3s.
__________________
Current: G87 M2 on deposit, 992 Carrera T incoming
Past: 997.2 911 Carrera S, Macan Turbo, G80 M3 Competition, X3M Competition, OG M2, MK6 GTI |
Appreciate
0
|
12-23-2021, 07:39 PM | #1758 |
Major
645
Rep 1,231
Posts |
Official G80 M3 / G82 M4 Quotes, Pricing and Lease Rates Thread
I'm in Texas and dealer is telling me my only option is owners choice/lease/finance. Select is not available for some reason.. what is the difference between select and owners choice (which no one has mentioned in this thread really)
|
Appreciate
0
|
12-24-2021, 10:33 AM | #1760 |
Major General
8566
Rep 5,388
Posts
Drives: 2022 Aventurin/SS G82 xDrive
Join Date: Feb 2007
Location: South Florida
|
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|