2011 M3 Lease????

[slammed335i]

hey guys i currently drive a 2010 bmw 535i xdrive and i think its time to get in to the seat of a ///M3..i just got a quick question my current car is a lease and my lease ends in october of 2012 and i want to get rid of it ASAP..You think its possible if i go to the bmw dealer and end my lease a early and jump into the M3 with out a problem and paying fee's??????

[-=Hot|Ice=-]

You're a bit too early and BMW would have to offer the Leap ahead program which they usually offer during the spring. I'd try getting rid of it with Lease trader. You'll have to a $500 transfer fee but that's about it.

[slammed335i]

Originally Posted by -=Hot|Ice=-

You're a bit too early and BMW would have to offer the Leap ahead program which they usually offer during the spring. I'd try getting rid of it with Lease trader. You'll have to a $500 transfer fee but that's about it.

kool thanxxx....just a throwing a question out there a 2011 M3 coupe loaded to the max,How much will a 36month lease 10K miles a year and i have A+ credit and 10k-15k as a down payment,how would my monthly payments look like?

[taleof2bricks]

I haven't leased for some years now, but back then, dealers would just roll the "negative equity" into the new lease. Just like taking in a trade in vehicle, this just gives them another avenue up which to screw you. Don't think for a minute, that you will get "what your car is worth" to you, or whatever online research you performed. In the end, they know they are "helping you", and they will get you to sign, if you really want that M3.

I leased year after year, until I eventually paid the piper, bought the vehicle at lease end and never leased again.

Leasing works for some & I'm not knocking it, but in answer to your question, I'm sure they will....for a price!

[-=Hot|Ice=-]

Originally Posted by slammed335i

kool thanxxx....just a throwing a question out there a 2011 M3 coupe loaded to the max,How much will a 36month lease 10K miles a year and i have A+ credit and 10k-15k as a down payment,how would my monthly payments look like?

You'll have to go to the dealer and go through residual pricing with the dealer. I don't have that info.

Can anyone else help?

[///M Ryder]

Originally Posted by slammed335i

hey guys i currently drive a 2010 bmw 535i xdrive and i think its time to get in to the seat of a ///M3..i just got a quick question my current car is a lease and my lease ends in october of 2012 and i want to get rid of it ASAP..You think its possible if i go to the bmw dealer and end my lease a early and jump into the M3 with out a problem and paying fee's??????

BMW won't touch this without you buying your way out of it. And the "pull ahead" program is only offered 3 months prior to your lease ending and if there is a demand for pre-owned 535i's...................Phil

[-=Hot|Ice=-]

Originally Posted by ///M Ryder

BMW won't touch this without you buying your way out of it. And the "pull ahead" program is only offered 3 months prior to your lease ending and if there is a demand for pre-owned 535i's...................Phil

That's what it's called! The pull ahead program! Thanks!

[-=Hot|Ice=-]

Originally Posted by slammed335i

kool thanxxx....just a throwing a question out there a 2011 M3 coupe loaded to the max,How much will a 36month lease 10K miles a year and i have A+ credit and 10k-15k as a down payment,how would my monthly payments look like?

Keep in mind the pull ahead program requires you to only have 3 months left on your lease.

[slammed335i]

Originally Posted by -=Hot|Ice=-

You'll have to go to the dealer and go through residual pricing with the dealer. I don't have that info.

Can anyone else help?

with 10k-15k down on a lease im trying to have payments under $700 a month...

[///M Ryder]

Originally Posted by slammed335i

with 10k-15k down on a lease im trying to have payments under $700 a month...

This money will be used to absorb the negative equity you'll have. So you'll be leasing the ///M3 at full pop......$700 a month will be wishful thinking. Your best bet would be to find a buyer for your 535i................Phil

[slammed335i]

Originally Posted by ///M Ryder

This money will be used to absorb the negative equity you'll have. So you'll be leasing the ///M3 at full pop......$700 a month will be wishful thinking. Your best bet would be to find a buyer for your 535i................Phil

EFFFFFF that..i'll ride out the lease till the end.......then jump into the M....thanks for all the help

[rye m3]

And you'd NEVER want to put $10k into a lease. Car gets totalled or stolen, you lose all the money down. Sounds like a case of living beyond your means.

[k5ng]

Originally Posted by rye m3

And you'd NEVER want to put $10k into a lease. Car gets totalled or stolen, you lose all the money down. Sounds like a case of living beyond your means.

+1

Never Ever should you put any money down on a lease. Try to negotiate the best deal you can find. Unfortunately, you missed some great deals BMW was throughing out there in February.

[wanesso]

Originally Posted by k5ng

+1

Never Ever should you put any money down on a lease. Try to negotiate the best deal you can find. Unfortunately, you missed some great deals BMW was throughing out there in February.

That doesn't make sense, it's like no down payment on your house mortgage. How else are you going to reduce monthly payments if you don't put money down and/or trade in a car?

[jeff4598]

Hold onto the down payment money and use a little each month to pay your higher lease payment. Lease trader will allow by FAR the cheapest way out.

[dimabimmer]

PM sent

[persian54]

Originally Posted by wanesso

That doesn't make sense, it's like no down payment on your house mortgage. How else are you going to reduce monthly payments if you don't put money down and/or trade in a car?

A lease is not a mortgage... money down on a financed car is fine.... but on a lease car is not


Would you like to put a large down payment when you RENT an apartment/house?

Leasing is renting the car for a couple of years.

[TheClozer]

Originally Posted by persian54

A lease is not a mortgage... money down on a financed car is fine.... but on a lease car is not


Would you like to put a large down payment when you RENT an apartment/house?

Leasing is renting the car for a couple of years.

[firstkill]

for a lease put down multiple security deposits, it will drive down your payments to under 800.


fk

[HeartMD]

my brother was in a similar place as you, well kinda! He leased a 328 coupe for total of three years but then a new baby arrived as he reached the end of his first year so he needed to upgrade to a larger vehicle ie: sedan/suv. He actually went through with it and had the bmw dealer buy out his car so that he could finance a x5. The catch was that although the dealer bought out the car, they just roled the remainder of his lease payments into the cost of his x5. So in reality he got rid of the car but was still paying off his lease albiet instead of 500 each month it was now more like 100 add to each monthly payment of his new x5. the dealer wins 1000%. He went ahead with it but to this day he is always bitching how he is still paying of a lease without having the car. If you really want the M NOW and financially it wont bother you, then go for it. I woulnt recommend it, but rather you should eaither finish your lease and get a 2012/13 M or, sell the car to a private party or go the lease trader route.
joe

[Glop]

Lol 10k down on a lease is pure rape. Lease are 0 down affairs or you got screwed.

[Dave07997S]

Originally Posted by slammed335i

with 10k-15k down on a lease im trying to have payments under $700 a month...

You are better off keeping that money in the bank and using it to subsidize the payment. You put $10-15k down your money would be gone if there was an accident as the lease only offers gap insurance. The amount of cap reduction you want to put down would lower the payment the amount put down over the length of the lease, it won't lower interest rate payments.

Its a huge mistake to put down large amounts of money on a lease.

Also, with $15k down you can probably get a payment of near $700 a month financing the car at 1.9%.

Dave