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      08-26-2007, 10:10 PM   #1
maxalexander6
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CASH LEASE?

Does anyone know how much it would cost to Lease A fully loaded ///M3 all payments up-front?

24 months
12k miles
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      08-26-2007, 10:15 PM   #2
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Just send me the checks and whenever the price comes out I'll pass them along.
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      08-26-2007, 10:15 PM   #3
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it helps to have the price of the car before you can know the price of a lease.
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      08-27-2007, 06:51 PM   #4
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I'm wondering why you would make all the payments up front? You're not really saving any money, you just get out of making payments every month. Better to invest your money (short term) and pull it out and pay for the second year later. And if you have that much cash to burn then by all means just buy the thing...or I'll send you an address in case you need a place to store it

I wouldn't go 2 years on a lease. The payments are calculated by taking the selling price minus residual value (after the period and mileage), adding financing charges onto that and dividing over the period. So, since most of the car's value is lost during the first 12-18 months, extended in the lease to 36-48 month (while the car is still covered by BMW) makes a little more sense.

The only up side I can see on a 2 year lease is if the true aftermarket value is greater than the financing companies (BMW Financial for example) estimate. I actually made money on a Mini CooperS (don't ask, my wife's idea...). I sold it back to a dealer at lease end and they wrote me a check for the difference (around $1800 or 4 month's of payments and a tax credit on my 335i). So if the car is worth that much more than payoff at 2 years you could get out of the lease and sell the car and recover some of your payments. If you are in IL or TX, and try to sell it to a third party then you'll have to pay sales tax on the buyout figure. Sell it to a dealer and that problem goes away, but you're also not getting the most for the car. You can generally make that up in tax credit towards a new car...I did.

Hope that helps.
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      08-28-2007, 10:11 AM   #5
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For a 60k car, with 62% resid and .00225 money factor, I calculated 900 dollars a month including NY state tax. That is based on a 3 year lease (I guessed the money factor and resid based on the 335i coupe). Then you are gonna end up paying around 2200 due at signing because of fees and stuff.
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      08-30-2007, 03:41 PM   #6
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Quote:
Originally Posted by kimi_fan View Post
I'm wondering why you would make all the payments up front? You're not really saving any money, you just get out of making payments every month. Better to invest your money (short term) and pull it out and pay for the second year later. And if you have that much cash to burn then by all means just buy the thing...or I'll send you an address in case you need a place to store it

I wouldn't go 2 years on a lease. The payments are calculated by taking the selling price minus residual value (after the period and mileage), adding financing charges onto that and dividing over the period. So, since most of the car's value is lost during the first 12-18 months, extended in the lease to 36-48 month (while the car is still covered by BMW) makes a little more sense.

The only up side I can see on a 2 year lease is if the true aftermarket value is greater than the financing companies (BMW Financial for example) estimate. I actually made money on a Mini CooperS (don't ask, my wife's idea...). I sold it back to a dealer at lease end and they wrote me a check for the difference (around $1800 or 4 month's of payments and a tax credit on my 335i). So if the car is worth that much more than payoff at 2 years you could get out of the lease and sell the car and recover some of your payments. If you are in IL or TX, and try to sell it to a third party then you'll have to pay sales tax on the buyout figure. Sell it to a dealer and that problem goes away, but you're also not getting the most for the car. You can generally make that up in tax credit towards a new car...I did.

Hope that helps.

It all depends on what BMW is offering on the lease programs. For me it was cheaper to lease my car for 2 years than 3 since they had a different rate and the residual value after year 2 took a big dip. But it wasnt much it was only a coupe hundred $$.
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      08-30-2007, 09:57 PM   #7
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i once over heard a salesman at an Audi dealership quote a customer $1300 for a lease on a RS4. I almost sh*t my pants. I said to myself that is more than my house payments!!

I dont think leasing a car of that type of value is a good idea. However, i dont know you, and your income...so maybe 900-1000 is not a big deal.

Either way, great choice in car
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      08-31-2007, 12:16 AM   #8
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Quote:
Originally Posted by Jimmyz View Post
For a 60k car, with 62% resid and .00225 money factor, I calculated 900 dollars a month including NY state tax. That is based on a 3 year lease (I guessed the money factor and resid based on the 335i coupe). Then you are gonna end up paying around 2200 due at signing because of fees and stuff.
Thought the residual would be a bit higher and the MF was .00325 or so.
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      08-31-2007, 01:29 AM   #9
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If you pay the lease payments up front and get into a car accident or your car is stolen, you lost all that money.
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      09-02-2007, 01:42 AM   #10
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Quote:
Originally Posted by justinnum1 View Post
If you pay the lease payments up front and get into a car accident or your car is stolen, you lost all that money.
Doesnt Gap insurence cover that? or even full. You would not get your money back but you would be able to get another bimmer.
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      09-02-2007, 05:55 PM   #11
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Yes, the nice thing about leasing is that the car isn't yours (see the garage pics to see why I'm driving a 335 and not the 330). My 330ci got hit a month before my lease end, some idiot in a truck ran a stop sign and took the front of the car off. Thank god I ordered the 335i a few weeks before that happened. I was without a car for only a few weeks.

GAP insurance is mandatory in Illinois...not sure about other states. I also think 60-62% residual on 36/36 lease is pretty close. I think that is about what I got on my 335i lease. The X5 may have been higher than that even.

I find it odd that BMW would give incentives for a 2 year over a 3 year lease...It could be the cars I look at but I always graph out the projected residuals of the car over 12, 24, 36+ months and see what make sense for that particular car. BMW does give incentives to move cars they make too many of or can't sell. Take for example a $64k X5 4.4i, that costs roughly $875/mo. for 36 mo./36k lease. The same lease terms on my 335i, which priced out at $54k came out to $822/mo. Taking the rough $22 per month per $1000 borrowed/leased the X5 should be over $900 per month, but it isn't due to the incentives (generally an inflated residual value).

As a side note I quit buying my cars about 10 years ago. I kept trading them in around the 3 year mark to get something new. And although I broke even on most of them I was paying more per month than a lease would cost. I know not owning the car bothers some people...for some it just makes sense.
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      09-24-2007, 01:06 AM   #12
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Quote:
Originally Posted by maxalexander6 View Post
Does anyone know how much it would cost to Lease A fully loaded ///M3 all payments up-front?

24 months
12k miles
All payments, as in pay all your lease payments up front?
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      09-24-2007, 10:16 AM   #13
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there obviously aren't any rates or residuals out for the M3 yet, but I can tell you that it doesn't save you much money paying your payments up front. You get 80 pts off the standard lease rate, but you also lose use of that money for your lease term. Multiple SD are the way to go if you want to put anything down, but don't expect to get any lease quotes on that car for sometime, anything somebody quotes you now is going to be mere speculation.
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      09-25-2007, 01:50 PM   #14
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I know this is a side note, but while eveyone was talking about leasing just thought I'd share.

I needed an suv so naturally looked at the X5 and X3. The rates on the 2008 X3 and X5 are high, jumped 1.5% to around 8.5% on a lease. The residuals for the X5 stayed the same, X3 came down from 68% to 65% (terms are 36 mo./36k miles).

Needless to say I went with the 07' X3...prices out at $49,100, payments came out to $680 after the discount. The X5 priced out at $54,000, but payment were $899...again, 61% residual and high rates = high lease payments. For comparison, an Infiniti FX35 AWD with options, priced out at $46,000, payments were $780. And I never knew Toyota SUV's had such low residuals.
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      09-25-2007, 05:21 PM   #15
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Quote:
Originally Posted by kimi_fan View Post
Yes, the nice thing about leasing is that the car isn't yours (see the garage pics to see why I'm driving a 335 and not the 330). My 330ci got hit a month before my lease end, some idiot in a truck ran a stop sign and took the front of the car off. Thank god I ordered the 335i a few weeks before that happened. I was without a car for only a few weeks.

GAP insurance is mandatory in Illinois...not sure about other states. I also think 60-62% residual on 36/36 lease is pretty close. I think that is about what I got on my 335i lease. The X5 may have been higher than that even.

I find it odd that BMW would give incentives for a 2 year over a 3 year lease...It could be the cars I look at but I always graph out the projected residuals of the car over 12, 24, 36+ months and see what make sense for that particular car. BMW does give incentives to move cars they make too many of or can't sell. Take for example a $64k X5 4.4i, that costs roughly $875/mo. for 36 mo./36k lease. The same lease terms on my 335i, which priced out at $54k came out to $822/mo. Taking the rough $22 per month per $1000 borrowed/leased the X5 should be over $900 per month, but it isn't due to the incentives (generally an inflated residual value).

As a side note I quit buying my cars about 10 years ago. I kept trading them in around the 3 year mark to get something new. And although I broke even on most of them I was paying more per month than a lease would cost. I know not owning the car bothers some people...for some it just makes sense.
I agree. Leasing makes more sense for me!
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      10-02-2007, 02:36 PM   #16
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If you like driving a new car every few years then leasing is definitely for you. Otherwise, buying is your best bet. I dont know about all BMWs but the 3 series will give you lower payments for a 2 year lease as opposed to the 3 year lease.

My speculation is that an M3 lease will be around $900-1000 a month depending on the MF and RV. My $.02.
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