BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > New and Preowned M3 Pricing, Ordering, Tracking / European Delivery / Dealer Reviews
 
ESS Tuning
Post Reply
 
Thread Tools Search this Thread
      01-09-2013, 06:32 AM   #23
NHman
Lieutenant
 
Drives: 2013 M3 MR ZCP DCT
Join Date: Apr 2012
Location: NorthEast

Posts: 463
iTrader: (0)

Quote:
Originally Posted by slicer View Post
FYI - All of the positives you listed above are also available with a lease (except for the mileage restrictions).... You can modify a leased car all that you want (just need to return to stock at the end which you would do to any car that you traded in or sold anyway), you can also trade a leased car in at any time. Leases have a buyout option at any time during the term (no different than the outstanding loan balance on any type of financing); if the buyout is lower than the trade-in amount you walk away with cash, if not you pay the difference.
+1

Plus there's the option for a lease transfer.

There are pros & cons to leasing but certainly an option to consider for some especially when BMW FS offers high residuals and respectable money factors. However with traditional finance rates at 1.45%, that's almost free money.
NHman is offline  
0
Reply With Quote
      01-09-2013, 09:17 PM   #24
osteome
Major
 
osteome's Avatar
 
Drives: 2009 M3 E93 SSII/Bamboo
Join Date: Oct 2005
Location: San Antonio, TX

Posts: 1,095
iTrader: (4)

72 months.....
__________________
2009 M3 E93 Silverstone II over Bamboo: 6MT, Tech, Premium, Cold, Premium Sound, Ipod, 19'' Wheels, OEM Exhaust Mod.
osteome is offline   United_States
0
Reply With Quote
      01-09-2013, 11:18 PM   #25
Ghetto2315
Major
 
Drives: Like I Stole It...
Join Date: Feb 2012
Location: The REAL Jersey Shore

Posts: 1,261
iTrader: (1)

Garage List
What do you mean lease transfer? As in transferring a current BMW FS lease to a PenFed lease??

Last edited by Ghetto2315; 01-10-2013 at 10:03 AM.
Ghetto2315 is offline   United_States
0
Reply With Quote
      01-10-2013, 07:21 AM   #26
NHman
Lieutenant
 
Drives: 2013 M3 MR ZCP DCT
Join Date: Apr 2012
Location: NorthEast

Posts: 463
iTrader: (0)

Quote:
Originally Posted by Ghetto2315 View Post
What so you mean lease transfer? As in transferring a current BMW FS lease to a PenFed lease??
Meaning that the existing lease can be transferred to another party. Of course, provided BMW FS approves the transfer which is typically based on the pending new owners credit rating. Otherwise the same original conditions apply (miles, vehicle upkeep, etc).

Not all leases allow a transfer and some that do still have the original lessee listed as a co-application. This certainly can be an issue should the new owner default. Unless BMW FS has changed their policy recently, it is simply transferred. Thus there are several options to exit from a BMW FS lease, transfer, sell it privately or trade-in.
NHman is offline  
0
Reply With Quote
      01-11-2013, 07:31 PM   #27
s2kroma
First Lieutenant
 
Drives: a new car
Join Date: Mar 2012
Location: Chicago IL

Posts: 340
iTrader: (0)

Quote:
Originally Posted by osteome View Post
72 months.....
You don't go 72 month? I currently have '12 passat for 66 month at 0%
s2kroma is offline   United_States
0
Reply With Quote
      01-15-2013, 04:56 PM   #28
valeram
Major
 
Drives: E92 M3 DCT
Join Date: Oct 2006
Location: Dublin, OH

Posts: 1,345
iTrader: (0)

Will Penfed do ED financing? Some finance company will not deal with ED car. They want the car here and now before letting go of their money. That was one of the reason why I went with BMW Financials. Another ED is on the way this coming May an I need more options than BMW Financials.
valeram is offline  
0
Reply With Quote
      01-15-2013, 04:58 PM   #29
tbone28
vvvvvvvvvvvvvv
 
tbone28's Avatar
 
Drives: ^^^^^
Join Date: May 2012
Location: Bay Area, CA

Posts: 2,068
iTrader: (12)

Quote:
Originally Posted by valeram View Post
Will Penfed do ED financing? Some finance company will not deal with ED car. They want the car here and now before letting go of their money. That was one of the reason why I went with BMW Financials. Another ED is on the way this coming May an I need more options than BMW Financials.
PenFed will cut you the check as soon as you complete the application in entirety (when you enter the VIN number). They didn't ask me if I had a domestic or ED delivery, so you should be OK
tbone28 is offline   United_States
0
Reply With Quote
      02-08-2013, 10:02 PM   #30
chrisk03
Private First Class
 
chrisk03's Avatar
 
Drives: 2011 335i M-Sport
Join Date: Dec 2011
Location: Northeast

Posts: 133
iTrader: (2)

Is a checking account required with PenFed or can you use an existing checking account at another bank and just pay from that online? Thx.
__________________
2011 335i M-Sport, BMW Performance Powerkit Version 1, BMW Performance Exhaust (SOLD), 35% F1 Pinnacle Tint
chrisk03 is offline   United_States
0
Reply With Quote
      02-09-2013, 09:39 AM   #31
dmk08
///Maniac
 
dmk08's Avatar
 
Drives: 2011 E92 M3
Join Date: Jul 2012
Location: Atlanta

Posts: 2,794
iTrader: (9)

Garage List
2011 BMW M3 E92  [0.00]
Yep I refinanced my ///M w Penfed after reading these forums. 1.49% is awesome. Would have done my fiance car too but she got 0% from the dealer.
dmk08 is offline  
0
Reply With Quote
      02-09-2013, 09:40 AM   #32
dmk08
///Maniac
 
dmk08's Avatar
 
Drives: 2011 E92 M3
Join Date: Jul 2012
Location: Atlanta

Posts: 2,794
iTrader: (9)

Garage List
2011 BMW M3 E92  [0.00]
Quote:
Originally Posted by chrisk03 View Post
Is a checking account required with PenFed or can you use an existing checking account at another bank and just pay from that online? Thx.
You can set it all up online. You'll need to donate $10-15 to some charity to be eligible for an account. It will guide you through the process on their site.
dmk08 is offline  
0
Reply With Quote
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 07:37 PM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST