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      10-09-2011, 10:25 PM   #45
doc19
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Quote:
Originally Posted by SamS View Post
Be careful about generalizations. There are different rates for different models.

And 1.9% for 36 months/2.9% 60 months for M3 is for 2011 models, I've purchased a 2012.
OP mentioned the e90 M3, which is a 2011 model and that's the info I was quoting from the bmwusa website that IS350 noted below. Didn't mean to generalize it for all M3s, just the e90. If he can still find one on a lot he could still qualify. I edited my post for clarification.

Quote:
Originally Posted by IS350 View Post
Hopefully everyone knows they can go here for the actual numbers/models:
http://www.bmwusa.com/Standard/Conte...X/K3ltcN/sgA==
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      10-09-2011, 11:55 PM   #46
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Anyone else done or researched the BMW Select Option? I know it's a balloon at the end of the term, which you can apparently walk away from, kind of like a lease?
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      10-10-2011, 12:12 AM   #47
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BMW Select is a balloon financing option in which your last payment is the balloon amount. It's a simple interest loan for the full amount in which a large chunk of the principal is shoved into the last payment. Under this program you cannot walk away as you must somehow pay the balloon (re-finance, trade, sell).

Owner's choice is the program in which you can walk away at the end, but this program was designed for the states in which leases are not advantageous from a tax standpoint. I'm not even sure if it's available anymore.
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      10-11-2011, 03:03 PM   #48
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For anyone who can help on the lease or buy debate, mine is based on what the buyout wil be.

My M3 is at the dealer and the only hold-up now is my unanswered question on what the estimated lease buyout is. So any immediate help is greatly appreciated!

Mostly I want to know what the equity rate is on the lease. So that say in a 2 years, if I'd like to buy or sell the car. How much it's gonna cost.

BMW Financial can't tell me what the buyout price is, nor can my dealer, even after day 1 of the lease or month 1. UNTIL I commit. But I can better decide whether to finance or lease based on the buyout knowledge. Here's a note from my dealer, that doesn't explain much.

The terms of the lease and some information I recieved from other forum members is below too.



------
My Question:
If I lease tomorrow and want to determine buyout in as early as even 1 day. The numbers are as follows: 75,425 MSRP, Sale price: 68,060. Residual is 59% of MSRP=44,500.75

Monthly negotiated payment for 3 years at 15k miles=889.00
So 36 payments X 889= 32,004 + 44,500.75(residual) = 76,504.75. That's more than MSRP, If I want to buy the car out of my lease within the first month of the lease and certainly MUCH more than the buy it now price of 68,060. Even if I financed that amount at 1.9 apr over 48 months at 1473.60 that's 69,292.80.

So if there is ANY debate about needing to sell this car, be it for uncertainty or otherwise in say 1.5 years, and I've decided I want this car, it's MUCH smarter to finance. Does anyone disagree?

That being said, if I keep this lease for the full 3 year duration, I can potentially negotiate the buy price, and save some money. But I can't ever really negotiate the buy price DURING the lease, correct
--
Dealer Response:

I visited with my BMW Financial Services Rep yesterday and he clerified with me that BMW does not have an amaturazation schedule (i.e. no, they can't tell you the confirmed buyout after a specified period of time), however, I do know that BMW does not charge you the intrest if you pay it off early. Keep in mind that you're paying a very small money facto, so the intrest is minimal. He also told me that BMW Financial Services will be able to sell you the vehicle back for the contracted residual amount at lease end, they do not negotiate that figure. Based on the information that I recieved from him yesterday, what you are reading online is false.
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      10-11-2011, 03:37 PM   #49
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I thought the residual was the buyout price?
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      10-11-2011, 04:34 PM   #50
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Quote:
Originally Posted by xrayos View Post
I thought the residual was the buyout price?
It's residual plus all the lease payments, but nobody from BMW can confirm what those monthly payments are without the interest/MoneyFactor. And that's a huge sticking point. My lease payments are 889 including the MFactor. How much really is the money factor amount on the term?
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      10-20-2011, 04:38 PM   #51
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My residual on my 2008 White/Black M3 DCT 30,000 miles is $38,100. What should I do? Sell that shit? Buy out and sell? But then you have to pay sales tax. hmmm
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