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      02-27-2008, 04:19 PM   #111
Hans Delbruck
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Quote:
Originally Posted by lucid View Post
I don't think the M3s will get hit as hard as the M5s, but yes, there will be significant deals this time next year. I don't have the patience to wait for that though.

Yeah, I don't see them hacking $10K off sticker on an M3 like with the M5's. Maybe $3K? I wouldn't wait either! Instead I'm just sitting here all wishy washy

What I wonder is how BMW is going to deal with this "downturn" in the US. They have new incentives on several models thru the end of Feb, as long as you buy from "overflowing" dealer stock. I wonder if BMW will just cut US production to keep prices up? I think that's what Porsche did with the Cayman and Boxster, but I haven't paid attention to the Cayster market lately.... What I do know is that the Cayenne is still their best-selling vehicle!

Sorry I went OT.
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      02-27-2008, 04:20 PM   #112
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You probably threatened to sink all the ships they have cars on and got the deal, so an exception really.


Whatever needs to be done. But at a 2% discount, free 19" wheels and tires make a good sacrifice.
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      02-27-2008, 04:26 PM   #113
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Actually for the S5, Audi has a better residual and a worse MF, compared to the E92 M3.
Dealer financing groups play with both residual and MF. The residual on the M3 will rise and the MF will fall as demand drops. It is a matter if you want in early.

I bet the MB will have similar payments to the BMW or higher.

With interest rates as low as they are, why not buy?
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      02-27-2008, 04:34 PM   #114
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Could someone help me figure out what my lease payment would be? Sorry, not great with all this stuff....

The M3 I am looking at is $67,000. I would want either 24, 30 or 36 month lease. 10k miles.

Really really appreciate it!
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      02-27-2008, 04:35 PM   #115
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i just contacted 4 different banks about M3 lease. all banks seem to have much lower residual than BMWFS. i wonder how they can compete with BMW prices then?

ya'll got an idea?
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      02-27-2008, 04:36 PM   #116
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Originally Posted by par4bmw View Post
Dealer financing groups play with both residual and MF. The residual on the M3 will rise and the MF will fall as demand drops. It is a matter if you want in early.

I bet the MB will have similar payments to the BMW or higher.

With interest rates as low as they are, why not buy?
Long story, but buying isn't an option.
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      02-27-2008, 04:37 PM   #117
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i just contacted 4 different banks about M3 lease. all banks seem to have much lower residual than BMWFS. i wonder how they can compete with BMW prices then?

ya'll got an idea?
Was the MF better though? And if so, did it work out that the banks you tried were overall cheaper, or was BMWFS cheaper?
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      02-27-2008, 04:44 PM   #118
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Originally Posted by Hans Delbruck View Post
The reason the residual value is a low percentage is because the MSRP is so high to begin with.... does that make sense or am I not understanding this? The more you pay, the more you lose. Extreme examples would be the 996 GT2 (depreciated like a rock, percentage-wise) and a Honda Civic (doesn't depreciate much, percentage-wise)

The M3 is an expensive car when you option it out and add on Cali tax. That's why I've hesitated. This isn't in the same ballpark as the E46 M3 was. The E92 would be about $75K for me OTD and that's quite a large chunk to lay down "for a 3 series."

I think the new M3 may have priced itself out of the market, just like the M5's sitting on the lots at $98K MSRP. If you wait, there will likely be deals.

With US consumers tapped out, not everyone can afford a BMW anymore, and I think that's GOOD!
I think the residuals are where they are at because BMW feels like they can make them low, and still sell almost as many cars as with a higher residual. We all know that an E90 M3's resale value will decrease at a greater percentage than an E92, but BMWFS has set a higher residual on the sedan... why? Because they are trying to pick the residual number that maximizes their profits... the E90s are demanded less, so to increase interest, they bump the residual by 2 points. So basically, the residual numbers on the M3 are related to, but not representative of what BMW actually thinks the cars will be worth in say, 3 years.
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      02-27-2008, 04:44 PM   #119
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Quote:
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Was the MF better though? And if so, did it work out that the banks you tried were overall cheaper, or was BMWFS cheaper?
some gave me 0.00175 MF, and some gave "interest" of 7% (i think you divide by 2400 to get the MF - around 0.0030). They refused to give quote since lenders didnt give out residuals for M3, but i had some of them run me numbers for 335 and they came out 70-100 bucks cheaper than BMW, altho residual is at 44% instead of 60% of BMWFS.

this is very strange! how can they get cheaper payments (all other parameters fixed, term length/miles)

There's this one company that said it's tough to compete against BMW's "inflated" residuals. my hopes for M3 are getting smaller

How can they compete if they have lower residuals???

so far i have tried siglease (signature lease), leasecompare, and 2 banks one of them is Texas Credit Union.

Next im going to try my company's credit union. maybe they can offer me something
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      02-27-2008, 04:46 PM   #120
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Originally Posted by GregW / Oregon View Post
OT: No wonder you have 25,000 + posts--they're all 1 sentence!
i honestly dont try. but after typing something i remember another thought so i post it real quick.
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      02-27-2008, 04:48 PM   #121
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Quote:
Originally Posted by mantis View Post
some gave me 0.00175 MF, and some gave "interest" of 7% (i think you divide by 2400 to get the MF - around 0.0030). They refused to give quote since lenders didnt give out residuals for M3, but i had some of them run me numbers for 335 and they came out 70-100 bucks cheaper than BMW, altho residual is at 44% instead of 60% of BMWFS.

this is very strange! how can they get cheaper payments (all other parameters fixed, term length/miles)

There's this one company that said it's tough to compete against BMW's "inflated" residuals. my hopes for M3 are getting smaller

How can they compete if they have lower residuals???

so far i have tried siglease (signature lease), leasecompare, and 2 banks one of them is Texas Credit Union.

Next im going to try my company's credit union. maybe they can offer me something
They refused to tell you what the monthly payment will be? How can they expect to get business if they won't tell you how much the payments are, and won't tell you what the residual is either. Makes no sense.

Also, I am amazed that these banks have lease numbers out already for the new M3.
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      02-27-2008, 04:53 PM   #122
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Quote:
Originally Posted by Jimmyz View Post
They refused to tell you what the monthly payment will be? How can they expect to get business if they won't tell you how much the payments are, and won't tell you what the residual is either. Makes no sense.

Also, I am amazed that these banks have lease numbers out already for the new M3.
bro BMWFS wouldnt tell me either! they dont have my credit info, and they dont have residual, how do you expect them to quote me?? i dont expect them to. BMWFS cannot either without residual, and without running credit.

right now im just feeling for who have historically competed with BMW. im getting quotes on 335's to get a feeling if they can compete or not.

no they dont have lease numbers. that's what im trying to tell you. they have for 335, but not M3.
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      02-27-2008, 04:53 PM   #123
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Quote:
Originally Posted by Hans Delbruck View Post
I wonder if BMW will just cut US production to keep prices up?
Yes, I think that is exactly what they would end up doing on a car like the M3. They put out this round production target of 100k, but that's just a floater. If things take a real downturn, they might offer some incentives to clear lots, but the real impact would be on production volume I think. It would be a different story for the regular 3-series cars though.
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      02-27-2008, 04:54 PM   #124
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Quote:
Originally Posted by Jimmyz View Post
I think the residuals are where they are at because BMW feels like they can make them low, and still sell almost as many cars as with a higher residual. We all know that an E90 M3's resale value will decrease at a greater percentage than an E92, but BMWFS has set a higher residual on the sedan... why? Because they are trying to pick the residual number that maximizes their profits... the E90s are demanded less, so to increase interest, they bump the residual by 2 points. So basically, the residual numbers on the M3 are related to, but not representative of what BMW actually thinks the cars will be worth in say, 3 years.

Why do we all know the E90 will decrease at a greater %. Take a look at the Bluebook the last year they had an M3 sedan and coupe. Sedans trade-in values are higher.
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      02-27-2008, 04:54 PM   #125
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i honestly dont try. but after typing something i remember another thought so i post it real quick.
That's why there is something called an "Edit" button. Perhaps you have seen it...?
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      02-27-2008, 05:03 PM   #126
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I am a sucker for new models and have bought a Mini, three bimmers and four Lexus within the first month or two of release. Even though I prefer to lease, each of these cases I had to buy since leasing made no sense at the early rates. As the models age, leasing becomes very attractive as a sells mechanism for luxury cars.

This is nothing new. They have to pull in profit by whatever works best. Early adopters are always willing to pay more. If you do not want to pull the trigger, someone standing behind you will.
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      02-27-2008, 05:04 PM   #127
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Quote:
Originally Posted by mantis View Post
some gave me 0.00175 MF, and some gave "interest" of 7% (i think you divide by 2400 to get the MF - around 0.0030). They refused to give quote since lenders didnt give out residuals for M3, but i had some of them run me numbers for 335 and they came out 70-100 bucks cheaper than BMW, altho residual is at 44% instead of 60% of BMWFS.

this is very strange! how can they get cheaper payments (all other parameters fixed, term length/miles)

There's this one company that said it's tough to compete against BMW's "inflated" residuals. my hopes for M3 are getting smaller

How can they compete if they have lower residuals???

so far i have tried siglease (signature lease), leasecompare, and 2 banks one of them is Texas Credit Union.

Next im going to try my company's credit union. maybe they can offer me something
You multiply the money factor by 2400; not divide.
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      02-27-2008, 05:07 PM   #128
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That's why there is something called an "Edit" button. Perhaps you have seen it...?
Edit? never heard

Quote:
Originally Posted by konaforever View Post
You multiply the money factor by 2400; not divide.
i said you divede the 7% (interest) by 2400 to get MF
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      02-27-2008, 05:11 PM   #129
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Edit? never heard


i said you divede the 7% (interest) by 2400 to get MF
Opps.:-)
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      02-27-2008, 06:22 PM   #130
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Help for a lease novice, please

Lets just say you were able to get the price of the car for below MSRP (I know highly unlikely), how dramatically does this effect the lease price? The residual is the same, I assume. Also, if the car is more optioned out would the lease payments be dispropotionatly higher as the these options devaulate more quickly. Additionally, is there a simple way to estimate a payment by multiplying the # of thousands of dollars (cost of the car) by a particular coeficient? If so does anyone have that coeficient for the M3? Thanks and sorry if these are novice questions, but I am curious.
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Last edited by cardebt; 02-27-2008 at 06:28 PM. Reason: made more sense this way
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      02-27-2008, 07:04 PM   #131
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Quote:
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Why will it drop? Because fed rates dropped and BMW usually knocks them back a bit. I was informed to use "standard rate". BMW's standard rate for Feb was .00275. I used .00270 in anticipation of the drop in rate.

I have the residual figures right in front of me. I posted them in the main forum, but I also have 20 months, 39 and others.


The best bet looks to finance the car thru a credit union. Get a rate of 5.99 for 60% and you are at a mid $1200 payment, but ya own the car sort of.
my credit union is offering 4.85 for 60 if you can close the deal within 3 days
but you have to be a member for a certain time
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      02-27-2008, 07:10 PM   #132
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Quote:
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Lets just say you were able to get the price of the car for below MSRP (I know highly unlikely), how dramatically does this effect the lease price? The residual is the same, I assume. Also, if the car is more optioned out would the lease payments be dispropotionatly higher as the these options devaulate more quickly. Additionally, is there a simple way to estimate a payment by multiplying the # of thousands of dollars (cost of the car) by a particular coeficient? If so does anyone have that coeficient for the M3? Thanks and sorry if these are novice questions, but I am curious.
residual and negotiated price play biggest role, after them money factor.

obviously less options = cheaper car

simple way? someone put a link here for a site that will calculate it for you. just google leasecalculator or something like that
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