Leasing m3 - reasonable terms? Leasing m3

jeffyhow · 03-05-2012, 05:24 AM

I've been quoted 2% off MSRP on a 73,345 MSRP M3 (metallic paint, standard leather, prem/smg/cold/comp).

I'm being quoted 1,330/month all in on a 24 month lease (unusual term I know) with US delivery and ~700 in upfront fees and 0 down.

They're offering an additional 4,500 off MSRP for ED.

Does this sound reasonable?

dadealus · 03-05-2012, 05:29 AM

Quote:

Originally Posted by jeffyhow

I've been quoted 2% off MSRP on a 73,345 MSRP M3 (metallic paint, standard leather, prem/smg/cold/comp).

I'm being quoted 1,330/month all in on a 24 month lease (unusual term I know) with US delivery and ~700 in upfront fees and 0 down.

They're offering an additional 4,500 off MSRP for ED.

Does this sound reasonable?

Nope, just ordered mine 76.5k MSRP, and a sale price of 71k, ED price of 67.3k

... there is an additional 1k credit from BMW this month so if this price includes that. its even more so not a great deal. if you are leasing make sure they are giving you the .00195 money factor (which is the base rate for FEB, I haven't seen march's rate yet but I assume its the same maybe lower)

jeffyhow · 03-05-2012, 05:39 AM

Do you I think I have less negotiating leverage because I'm leasing it? I guess our ED discounts are similar because that's fixed.

I felt like I should've been able to get at least 4% off MSRP and heck you got nearly 8%.

dadealus · 03-05-2012, 05:46 AM

ED pricing is not fixed there is wiggle room even lower than the posted ED price. there are four price points: ED invoice, ED MSRP, US invoice, US MSRP. Go to BMWconfig.com and build out your car with every feature you want.... from there on the top right pick either USA or ED. at the bottom it will say invoice price, and MSRP price. I was quoted 200ish dollars within the invoice prices.

leasing or buy you have all the leverage... if you dont think your dealer will give you a price like this ... I got my deal from Ryan Amico at Steve Thomas BMW they are located in California and I am located in Virginia doesnt matter where you live in the US he can hook you up... you can reach him by PM'ing GOLFFRR .. they hook us up here a M3post.coom

jeffyhow · 03-05-2012, 05:52 AM

^ thanks for that. Looks like I might've gotten shafted otherwise.

FVM3 · 03-05-2012, 06:10 AM

how much is the invoice of that car?

stefan · 03-05-2012, 08:51 AM

IMO sounds pretty good if not a bit high for a 24mo lease. Personally I'd shoot for closer to 5 points off. Then again I have no idea how leasing works; if they give similar discounts as purchasing or not.

nick3753 · 03-05-2012, 10:33 AM

Quote:

Originally Posted by jeffyhow

Do you I think I have less negotiating leverage because I'm leasing it? I guess our ED discounts are similar because that's fixed.

I felt like I should've been able to get at least 4% off MSRP and heck you got nearly 8%.

Don't mess around just email Ryan from Steve Thomas BMW. He will give you most likely the best quote, no BS and will break down the costs for you. There is a reason he is recommended so often on this site.

alms211 · 03-05-2012, 10:37 AM

Regardless of buying or leasing, you negotiate your best "purchase" price. Whatever they are willing to sell it to you for on a straight purchase is the starting point on your cap cost for a lease.

luvbulmers01 · 03-05-2012, 11:46 AM

Go to BMWconfig.com and build out your car with every feature you want.... from there on the top right pick either USA or ED. at the bottom it will say invoice price, and MSRP price.

persian54 · 03-05-2012, 04:10 PM

$500-1000 over invoice is the goal

PM Jimmy:
http://www.m3post.com/forums/member.php?u=62484

T.805.482.8878 ask for Ryan Amico

GOLFFRR · 03-05-2012, 04:17 PM

^^Thanks everyone

OP feel free to shoot Ryan an email (his address is below in my signature) he will be able to hook you up and answer all your questions. He is the top in the game and is very knowledgable

Mr. ///M3 RD · 03-05-2012, 04:23 PM

Quote:

Originally Posted by dadealus

Nope, just ordered mine 76.5k MSRP, and a sale price of 71k, ED price of 67.3k

... there is an additional 1k credit from BMW this month so if this price includes that. its even more so not a great deal. if you are leasing make sure they are giving you the .00195 money factor (which is the base rate for FEB, I haven't seen march's rate yet but I assume its the same maybe lower)

God you guys in the US get great deals ... Good for you ... too bad for us Canucks

Hurricane · 03-05-2012, 08:13 PM

Quote:

Originally Posted by nick3753

Don't mess around just email Ryan from Steve Thomas BMW. He will give you most likely the best quote, no BS and will break down the costs for you. There is a reason he is recommended so often on this site.

This. Seriously. Email him now. That deal seems high and it appears you may be paying MSRP. Ryan will give you an honest quote without all the horrific negotiation.

03-05-2012, 05:24 AM	#1
jeffyhow Registered Drives: - Join Date: Mar 2012 Location: se Posts: 3 iTrader: (0)	Leasing m3 - reasonable terms? Leasing m3 - reasonable terms? I've been quoted 2% off MSRP on a 73,345 MSRP M3 (metallic paint, standard leather, prem/smg/cold/comp). I'm being quoted 1,330/month all in on a 24 month lease (unusual term I know) with US delivery and ~700 in upfront fees and 0 down. They're offering an additional 4,500 off MSRP for ED. Does this sound reasonable?
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03-05-2012, 06:10 AM	#6
FVM3 Major General Drives: 2011 E93 M3 Join Date: Sep 2010 Location: Los Angeles Posts: 5,697 iTrader: (2)	how much is the invoice of that car? __________________ 2011 E93 DCT
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03-05-2012, 08:51 AM	#7
stefan Colonel Drives: E92M3 Join Date: Feb 2008 Location: Calgary Posts: 2,038 iTrader: (2) Garage List 1999 VF BMW M3 [5.00] 2008 135i [5.00] 2003 M3 [3.10] 2011.75 BMW M3 [4.17] 2009 STi [3.83]	IMO sounds pretty good if not a bit high for a 24mo lease. Personally I'd shoot for closer to 5 points off. Then again I have no idea how leasing works; if they give similar discounts as purchasing or not. __________________ ///M Power - 2011.75 LMB M3 6MT (fuelly)
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03-05-2012, 04:10 PM	#11
persian54 Lieutenant General Drives: MW E93 M3/E89 Z4 35i Join Date: Jun 2009 Location: The Valley, SoCal Posts: 15,634 iTrader: (278)	$500-1000 over invoice is the goal PM Jimmy: http://www.m3post.com/forums/member.php?u=62484 T.805.482.8878 ask for Ryan Amico __________________ Next track day: http://www.m3post.com/forums/showthread.php?t=651089 Sorry I'm just someone who comes on here to fill a void..I dont have the $ to own a BMW. This is a nice E93:http://www.e90post.com/forums/showthread.php?t=434032
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03-05-2012, 04:17 PM	#12
GOLFFRR BimmerPost Supporting Vendor Drives: Golf Cart Join Date: Mar 2009 Location: Solvang, CA/Camarillo, CA Posts: 12,764 iTrader: (4)	^^Thanks everyone OP feel free to shoot Ryan an email (his address is below in my signature) he will be able to hook you up and answer all your questions. He is the top in the game and is very knowledgable __________________ BEFORE YOU BUY YOUR NEXT BMW, PM ME FIRST I CAN HOOK YOU UP! Need a quote?..David Aviles Email link \| T.805.482.8878 ask for David Aviles www.stevethomasbmw.com \| OUR PARTS STORE \| Facebook-DAVID \| BMWDAVID.COM
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03-05-2012, 05:39 AM	#3
jeffyhow Registered Drives: - Join Date: Mar 2012 Location: se Posts: 3 iTrader: (0)	Do you I think I have less negotiating leverage because I'm leasing it? I guess our ED discounts are similar because that's fixed. I felt like I should've been able to get at least 4% off MSRP and heck you got nearly 8%.
	0

03-05-2012, 05:46 AM	#4
dadealus Second Lieutenant Drives: 13'E92 M3 Join Date: Jan 2012 Location: Richmond Va Posts: 209 iTrader: (0)	ED pricing is not fixed there is wiggle room even lower than the posted ED price. there are four price points: ED invoice, ED MSRP, US invoice, US MSRP. Go to BMWconfig.com and build out your car with every feature you want.... from there on the top right pick either USA or ED. at the bottom it will say invoice price, and MSRP price. I was quoted 200ish dollars within the invoice prices. leasing or buy you have all the leverage... if you dont think your dealer will give you a price like this ... I got my deal from Ryan Amico at Steve Thomas BMW they are located in California and I am located in Virginia doesnt matter where you live in the US he can hook you up... you can reach him by PM'ing GOLFFRR .. they hook us up here a M3post.coom
	0

03-05-2012, 05:52 AM	#5
jeffyhow Registered Drives: - Join Date: Mar 2012 Location: se Posts: 3 iTrader: (0)	^ thanks for that. Looks like I might've gotten shafted otherwise.
	0

03-05-2012, 10:37 AM	#9
alms211 Banned Drives: 2011 E92 M3 Join Date: Aug 2010 Location: MD Posts: 747 iTrader: (1)	Regardless of buying or leasing, you negotiate your best "purchase" price. Whatever they are willing to sell it to you for on a straight purchase is the starting point on your cap cost for a lease.
	0

03-05-2012, 11:46 AM	#10
luvbulmers01 Registered Drives: nice Join Date: Mar 2012 Location: baode Posts: 3 iTrader: (0)	Go to BMWconfig.com and build out your car with every feature you want.... from there on the top right pick either USA or ED. at the bottom it will say invoice price, and MSRP price.
	0

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