Might Lease M3 Coupe, coming from VW

[Bomb617]

Originally Posted by FLOSS M

I don't need or want the money.

13 M3 CP

metallic paint, novillo leather, comp package, cold weather, premium, DCT, sat radio, bmw apps, enhanced prem sound - msrp 75845

november rates , lease 12k / 36 months , 710.43 a month

taxes up front , no money down, no msd - residual 61% , MF .00125

1500 holiday credit, 300 app credit, 750 bmwfs customer credit, 1000 dealer loyalty

What is the $1000 dealer loyalty?

[Bomb617]

Originally Posted by FLOSS M

62% for 10,000 @ 36 mos

Do you know what residual for 7500 @ 36?

[Ghetto2315]

Originally Posted by Bomb617

Do you know what residual for 7500 @ 36?

No residual for 7,500

[Ghetto2315]

Originally Posted by FLOSS M

I don't need or want the money.

13 M3 CP

metallic paint, novillo leather, comp package, cold weather, premium, DCT, sat radio, bmw apps, enhanced prem sound - msrp 75845

november rates , lease 12k / 36 months , 710.43 a month

taxes up front , no money down, no msd - residual 61% , MF .00125

1500 holiday credit, 300 app credit, 750 bmwfs customer credit, 1000 dealer loyalty

$750 Loyalty if you have a BMW already, which OP doesn't. $300 Drive App only if you have an open BMW FS account, which again OP doesn't. What is $1000 Dealer Loyalty?

Going back to my original post, I was talking about finding me where you could get an M3 lease deal of invoice or below sans rebates or incentives.

[etrillion]

Originally Posted by rstiv4200

i like that this thread i made is really getting action because the one i made on vortex, just to compare, is getting nowhere.

my friends name im posting on has a 335i with JB4, catless downpipes, and afe dci....ive driven his car a couple times its really quick, how do you think the //M holds up to it is it really that much faster?

asking because i called paul miller bmw to get dif numbers and they will not let me drive the car until i go through the WHOLE process, credit, work out numbers and a deal etc. its absurd. i have tier 1 credit, look normal etc and am a serious buyer i dont feel like going through a whole process if i dont LOVE the car, and then they give me the whole speach and i just left.

they also have an 08 m3 sedan with 50k on it for 40k , 6spd, a couple dif packages and the red leather ive been wanting so i wanna look into that also

They probably only have the lime rock edition there.. Test drive the 08'.. If you fall in love, then you'll definitely love a new one.

[FLOSS M]

Originally Posted by Ghetto2315

$750 Loyalty if you have a BMW already, which OP doesn't. $300 Drive App only if you have an open BMW FS account, which again OP doesn't. What is $1000 Dealer Loyalty?

Going back to my original post, I was talking about finding me where you could get an M3 lease deal of invoice or below sans rebates or incentives.

If you work out the #"s of what I provided you will see the car was sold to me at invioce then add up the discounts

dealer loyalty for repeat customers this is my 6th car from the dealership

[koxal]

www.bmwconfig.com

I negotiated with my dealer using this tool and had a good deal...

[gatorfast]

OP I think you need to take a step back and think about this. If you were paying $415/mo for 60 months for your GTI that means you basically put nothing down. Also, sounds like you have negative equity in it currently.

On top of that, you are thinking about putting down a large sum of money on a lease which will still have high monthly payments and you will not own the car in the end. Sounds like you are setting yourself up for some financial trouble early in life...

[Ghetto2315]

Originally Posted by FLOSS M

If you work out the #"s of what I provided you will see the car was sold to me at invioce then add up the discounts

dealer loyalty for repeat customers this is my 6th car from the dealership

This could be your 100th car from a BMW dealership... there is no such program or incentive as $1,000 Dealer Loyalty.

What is your TOTAL out of pocket due at signing?

[FLOSS M]

725 bank fee, tax on bank fee, tax on incentives , tax on 36 payments, dmv/doc fee 172.50, first month 710.43 = a little less than 4300


run the numbers through any lease calculator to figure out what I paid for the car

it works out to be invoice - 3550

[Ghetto2315]

Originally Posted by FLOSS M

725 bank fee, tax on bank fee, tax on incentives , tax on 36 payments, dmv/doc fee 172.50, first month 710.43 = a little less than 4300


run the numbers through any lease calculator to figure out what I paid for the car

it works out to be invoice - 3550

Okay, I'll spill the beans. I have a professional lease calculator, not some rinky dinky online calulator from Edmunds or KBB. You live in NJ? I ran your car of $75,845, invoice is roughly $70,500. In order for your dealer to be at $710 a month with JUST your $4,300 out of your pocket, your dealer would have to sell the car for about $1,500 BELOW invoice (about $69,000 selling price) and that is using the $1,500 Holiday Credit and $750 Loyalty (which BTW is NOT taken off the selling price of the car but rather integrated in to the lease). The $300 BMW Ultimate Drive App is just deducted from whatever you owe at signing so instead of $4,300, you'll just owe $4,000.

If this is your exact deal, take it and run (or drive) as fast as you can because you just stole this car.

I really hope you did get this deal, but something doesn't sound right...

[dlbrooks18]

Originally Posted by rstiv4200

i like that this thread i made is really getting action because the one i made on vortex, just to compare, is getting nowhere.

my friends name im posting on has a 335i with JB4, catless downpipes, and afe dci....ive driven his car a couple times its really quick, how do you think the //M holds up to it is it really that much faster?

asking because i called paul miller bmw to get dif numbers and they will not let me drive the car until i go through the WHOLE process, credit, work out numbers and a deal etc. its absurd. i have tier 1 credit, look normal etc and am a serious buyer i dont feel like going through a whole process if i dont LOVE the car, and then they give me the whole speach and i just left.

they also have an 08 m3 sedan with 50k on it for 40k , 6spd, a couple dif packages and the red leather ive been wanting so i wanna look into that also

Sounds like you enjoy tuning cars so maybe save some $ and get a 335i (N54 engine only), you will fall in love with the torque and loads of tuning potential and turbo upgrades, etc. The M3 is super quick, I've witnessed 11.8 at 118mph with tune and exhaust only and DCT..

[rstiv4200]

i do enjoy tuning cars but at the same time i want it to be extremely reliable. i like to drive alot, make frequent trips to AC which is about 100 miles each way or so but i like them stanced, loud, and fast.

as far as people thinking i have negative equity on my GTI i can assure you i dont because in march i won A poker tournament for 1st place (only about 8k) and i made a $6,000 payment lol swear. so im good on equity for the next car.

[Brandon26pdx]

Your financial situation is nobody's business. There's only two reasons to buy a car like an M3 and neither one of them are "sound financial decision", but we're not talking about houses or 401k's or stocks, we're talking about cars. Anything beyond a 15 year old beater Honda is technically a waste of money in that they both get you from point A to point B. Buy the car if you want to and you can. Simple as that.

My only advice would be to sell your GTI privately since you'll never get anywhere near what you put into it with the parts and everything. Better yet take the parts off and sell them separate, then sell your car privately. You're probably talking several thousand dollars there.

[rstiv4200]

Originally Posted by Brandon26pdx

Your financial situation is nobody's business. There's only two reasons to buy a car like an M3 and neither one of them are "sound financial decision", but we're not talking about houses or 401k's or stocks, we're talking about cars. Anything beyond a 15 year old beater Honda is technically a waste of money in that they both get you from point A to point B. Buy the car if you want to and you can. Simple as that.

My only advice would be to sell your GTI privately since you'll never get anywhere near what you put into it with the parts and everything. Better yet take the parts off and sell them separate, then sell your car privately. You're probably talking several thousand dollars there.

Yeah that's what I am planning on doing. Selling the parts and wheels and bringing it back to stock and selling it privately.

[rstiv4200]

just wanna update everyone. i drove the M3 coupe my friend has and although the 8.5k high rev was awesome and it was very luxurious, it didnt WOW me.

decided to keep the GTI and am going big turbo, fmic, and most likely meth.

thanks for the responses and the help.

[heartcolorgrey]

Originally Posted by gatorfast

OP I think you need to take a step back and think about this. If you were paying $415/mo for 60 months for your GTI that means you basically put nothing down. Also, sounds like you have negative equity in it currently.

On top of that, you are thinking about putting down a large sum of money on a lease which will still have high monthly payments and you will not own the car in the end. Sounds like you are setting yourself up for some financial trouble early in life...

Agreed. I had a 09' GTI on lease, w/ like 2500$ Down, It was 325/month (taxes and bank included).
I'm not a lease hater, in fact I'm jumping into one soon, BUT, You should maybe rethink the down, take a bit higher monthly to save yourself some much needed liquid capital, esp if your only 25...

[Sedan_Clan]

Pics of the GTI!

[A-///M-B]

Best way to save on a BMW lease over all is MSD ( multi-security-deposit ). Max it out ie 7 security deposits, each is equal to the nearest 50 rounded up from your monthly payment. You get an avg of 10% return on your investment.

[rstiv4200]

will post pics soon in the middle of trading wheels right now alphards for bbs lm reps

[S65NAPWR]

Originally Posted by rstiv4200

just wanna update everyone. i drove the M3 coupe my friend has and although the 8.5k high rev was awesome and it was very luxurious, it didnt WOW me.

decided to keep the GTI and am going big turbo, fmic, and most likely meth.

thanks for the responses and the help.

Probably a good idea if FI is your thing. You could get a M and Supercharge it - game over, but that would be a bundle of money.

[NycE93M3]

I'm paying about $1,000 taxes and all fees $0 down , for a 2012 MCB fully loaded with wheel and tire protection for 4yrs MSRP is around 70K before tax