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
 
Steve Thomas BMW
Post Reply
 
Thread Tools Search this Thread
      03-06-2010, 03:41 PM   #23
chili cheese
Captain
 
chili cheese's Avatar
 
Drives: '13 E92 M3, Santorini Blue
Join Date: Jul 2007
Location: Southern CA

Posts: 958
iTrader: (6)

Went into the dealer last night. The "deal" that we discussed (I didn't do any negotiating) was to roll my last 5 months payments on my 335 into the new M3 lease. This is not what I was hoping for. Why would I want to pay for a car that I wouldn't be using? They did indicate that there is a sweet spot at around 3 months out where there is more "flexibility". At this point I have no idea what that means. I'm getting the feeling that I need to just wait for the lease to be up and have a 2011 on order for delivery at my current lease end in August.
chili cheese is offline  
0
Reply With Quote
      03-06-2010, 06:48 PM   #24
Leonardo629
Major
 
Drives: 2013 M3 Coupe
Join Date: Sep 2006
Location: Walnut, CA

Posts: 1,204
iTrader: (9)

The savings is around 4% when you compare with Feb rates, and this is not taking into account the $2500 credit you get for a 2010 M3.

I believe you can easily obtain a <$1000/month payment if you do a 36month lease, 12000mi/yr and 7 MSDs...

I say if a sedan is what you're looking for, then NOW would be a very good time for you to start e-mailing dealers for best deals. Coupe guys...the real decision is really LCI or no LCI....
Leonardo629 is offline   United_States
0
Reply With Quote
      03-08-2010, 05:51 PM   #25
Marioalex24
First Lieutenant
 
Marioalex24's Avatar
 
Drives: E46 M3
Join Date: Feb 2010
Location: So Cal

Posts: 392
iTrader: (0)

Good info to know I'm planning on a lease as well. But I'm looking for something around the 800 a month for a lease.
Marioalex24 is offline   Mexico
0
Reply With Quote
      03-09-2010, 11:24 PM   #26
MAHack
New Member
 
Drives: 2010 M3 Coupe
Join Date: Mar 2010
Location: Bridgeport, WV

Posts: 17
iTrader: (0)

Lease for under $1000

New here, but just wanted to chime in to say that I just signed a deal for a 2010 M3 Coupe lease for under $1000 today. It was the last M3 the dealer had. Fully optioned with MSRP right at $70K. He asked what payment I wanted to take the car and I said $900 per month, including tax. He came back with $4700 down and a payment of $900/ month.

Mark
MAHack is offline  
0
Reply With Quote
      03-10-2010, 11:41 AM   #27
PCGuRu2K
Private First Class
 
Drives: 2010 JB E92 M3
Join Date: Apr 2008
Location: NY

Posts: 100
iTrader: (6)

Send a message via AIM to PCGuRu2K
<1K /month is doable... I paying <1K /month and all I payed up front was tax+title fees & 1st month.
PCGuRu2K is offline   United_States
0
Reply With Quote
      03-10-2010, 03:38 PM   #28
chili cheese
Captain
 
chili cheese's Avatar
 
Drives: '13 E92 M3, Santorini Blue
Join Date: Jul 2007
Location: Southern CA

Posts: 958
iTrader: (6)

Quote:
Originally Posted by PCGuRu2K View Post
<1K /month is doable... I paying <1K /month and all I payed up front was tax+title fees & 1st month.
Would you mind sharing the details of your deal? MF, Residual, Cost, etc?
chili cheese is offline  
0
Reply With Quote
      03-10-2010, 05:47 PM   #29
EJ_92606
Ultimate Driving Machine
 
Drives: '13 F10 550i; '11 R1200GS
Join Date: Apr 2008
Location: So. Cal

Posts: 381
iTrader: (1)

Quote:
Originally Posted by lm1z View Post
Well, now I'm starting to feel that it's at the dealer level - not corporate level.
We were quoted this deal face-to-face with our sales rep.

I'm wondering if they are trying to boost the USED car market. Used cars are harder to come by since people have been holding onto their larger assets. I'm assuming that their losses will actually be offset in used car sales.

Although I could be jumping ahead of myself...

Thoughts? Anyone else heard of what I was quoted?
Ya, dealers will be willing to eat a lot on your old lease, but that assumes you pay top dollar on a new car. If you want a 'deal' on the new car, you can forget about any loss on your lease being eaten by the dealer, especially not 10k in excess miles.
EJ_92606 is offline   United_States
0
Reply With Quote
      03-15-2010, 11:52 AM   #30
lm1z
Major
 
lm1z's Avatar
 
Drives: 2013 Singapore Grey F10 M5
Join Date: Aug 2007
Location: Dallas, TX

Posts: 1,133
iTrader: (18)

Quote:
Originally Posted by EJ_92606 View Post
Ya, dealers will be willing to eat a lot on your old lease, but that assumes you pay top dollar on a new car. If you want a 'deal' on the new car, you can forget about any loss on your lease being eaten by the dealer, especially not 10k in excess miles.
So, I was able to sit down with our sales rep and finance head at Classic BMW in Plano, TX.

Here's what I worked out:

71.5k MSRP E90 M3, Fully loaded minus Rear Parking Sensor and Shades.

3.5k off MSRP.
2.5k instant BMW credit.
----------------
6k Total off sticker, which we can guestimate to be at/or $500 above invoice.
For this dealer, which ranked Top 12 in the country, we were more than pleased with the offer.

They would not go ANY lower after playing hard ball for a good 3 hours. Thought there was at least another $500 we could have knocked off, but this didn't make a big dif. in payment.
We are already getting a prime rate due to flawless credit, so that was non-negotiable.

We chose a 10k, 36mo. lease to help get the payment to ~950/mo.

Now, about the 120-day deal, I found out much more information!
At work now but will definitely explain everything when I'm home.

Stay tuned.

As of April 6th I will be the proud owner of a 2010 E90 Jet Black/Black M3.
Word!
__________________
PAST 2002 GGP Lexus IS300 - RMM - HKS - Rays
PAST 2007 Black Sapphire E90 335i - BMS - JB+
PAST 2010 Jerez Black E92 M3
PAST 2012 Mineral White E92 M3
CURRENT 2013 Singapore Grey F10 M5
lm1z is offline  
0
Reply With Quote
      03-15-2010, 04:28 PM   #31
MrRX34
Enlisted Member
 
Drives: AW F10 535i
Join Date: Mar 2010
Location: SoCal

Posts: 47
iTrader: (1)

Congrats! How much did you put down if you dont mind me asking? And was that 3.5k additional off promotional or have you gotten another BMW with that dealer before?
MrRX34 is offline  
0
Reply With Quote
      03-15-2010, 04:48 PM   #32
lm1z
Major
 
lm1z's Avatar
 
Drives: 2013 Singapore Grey F10 M5
Join Date: Aug 2007
Location: Dallas, TX

Posts: 1,133
iTrader: (18)

Quote:
Originally Posted by MrRX34 View Post
Congrats! How much did you put down if you dont mind me asking? And was that 3.5k additional off promotional or have you gotten another BMW with that dealer before?
Thanks!

Put down $0. Only what's due at signing.

$3.5k was a loyalty promo in addition to the $2.5k BMW Spring promo.
__________________
PAST 2002 GGP Lexus IS300 - RMM - HKS - Rays
PAST 2007 Black Sapphire E90 335i - BMS - JB+
PAST 2010 Jerez Black E92 M3
PAST 2012 Mineral White E92 M3
CURRENT 2013 Singapore Grey F10 M5
lm1z is offline  
0
Reply With Quote
      03-17-2010, 06:33 PM   #33
lm1z
Major
 
lm1z's Avatar
 
Drives: 2013 Singapore Grey F10 M5
Join Date: Aug 2007
Location: Dallas, TX

Posts: 1,133
iTrader: (18)

OK. So I wanted to clarify exactly what this deal entails.

This deal should be offered directly through BMW Financial, so make sure to inquire about this at your local dealer.

If you decide to turn your lease in early, BMW is offering a 120-day program in which you are able to review the payoff of your vehicle at its current state (current miles, current condition, etc). The key to this deal is minimizing the difference between the current (wholesale) value of your car and the payoff. The current value and payoff of your vehicle is officially released 120-days before lease end - not a day sooner. Up until this point you are only able to estimate what these two figures would be. The bottom line: You are not able to sign a new lease that is directly affected by this promotion before the 120-day period. BMW financial will not release these figures early, and your dealer can only predict a payment up until this point. Furthermore, the less your dealer owes as a payoff on your vehicle, the less it impacts your new monthly payment.

This CAN (and is not guaranteed) to help the customer is a few ways. One would be if you are over the mileage on your lease (which I currently am). This additional cost is essentially rolled into the new lease payment at a discounted rate, which is $.15 versus the original $.20. Now, if you are UNDER your allocated lease mileage, this actually acts as a CREDIT to your new payment and will help to reduce it. Hopefully this makes sense.

Secondly, if you want a new car NOW (ie - there is a 2010 M3 sitting on the lot and it is exactly what you wanted!) and don't want to deal with the remaining monthly payments, BMW gives you the option to turn the car in early and roll the remaining payments into the new lease. Simple enough, right?

In summary, you are saving cash out of pocket by avoiding the payment of a) excess mileage, and b) the remaining monthly payments up front before lease signing. In my case, I am not eligible for this deal until April 6th. Therefore, I cut a check to BMW for my signing costs (first month's payment, etc) and had them hold the car until that date.

The end.
__________________
PAST 2002 GGP Lexus IS300 - RMM - HKS - Rays
PAST 2007 Black Sapphire E90 335i - BMS - JB+
PAST 2010 Jerez Black E92 M3
PAST 2012 Mineral White E92 M3
CURRENT 2013 Singapore Grey F10 M5
lm1z is offline  
0
Reply With Quote
      03-17-2010, 09:50 PM   #34
3domfighter
New Member
 
3domfighter's Avatar
 
Drives: '08 6MT E60 M5; '10 DCT E90 M3
Join Date: Mar 2010
Location: Santa Barbara

Posts: 23
iTrader: (0)

As many here have pointed out, a sub-$1000/mo payment is possible, but it all depends on factors like your credit, how much you drive, what options you want, etc.

I priced out a 2010 E90 today with all option packages, DCT, and all the important a la carte options; total MSRP of $70,675. I offered $1000 over invoice knowing that with the $2500 customer cash offer going on I'd be paying $1500 under invoice. Some members will think I could have negotiated lower, but I believe in paying a fair price for a good product. Payment (not including sales tax) came to $1044/mo, and that is with a 36 mo lease and 15k miles/year allowance. $2300 due at signing.

Peace,
JB
3domfighter is offline   United_States
0
Reply With Quote
      03-21-2010, 03:51 PM   #35
stevenross
General
 
stevenross's Avatar
 
Drives: a ride
Join Date: Oct 2009
Location: NYC - Bayside

Posts: 432
iTrader: (1)

Garage List
2011 BMW M3  [5.00]
2008 BMW X5 3.Slow  [0.00]
Quote:
Originally Posted by lm1z View Post
give it a shot!

they know we're coming the rates dropped due to '11 production going into effect this month. let's see what we can negotiate. my goal is ~$950 with minimum down. other option is to buy used with low mileage, but i can't see myself in a car for more than 5 years.
anyone else getting a well equiped e92 for sub $1000 a month... sign and drive?
stevenross is offline  
0
Reply With Quote
      03-27-2010, 09:02 PM   #36
dimabimmer
Lieutenant Colonel
 
dimabimmer's Avatar
 
Drives: '11 E92 M3 ZCP 6MT
Join Date: Apr 2009
Location: Brooklyn to SoHo NYC

Posts: 1,746
iTrader: (0)

How MSD (multiple security deposit) work and how it helps to reduce monthly payment?
Thanks for input.
__________________
'11 E92 M3 ZCP SG 6MT Tech Sound USB Heat Cloth Aluminium Sunshade
http://www.m3post.com/forums/showthread.php?t=422151
dimabimmer is offline   United_States
0
Reply With Quote
      04-07-2010, 06:17 AM   #37
Drew1204
Private
 
Drives: E92 M3
Join Date: Apr 2010
Location: Chicago

Posts: 64
iTrader: (0)

Quote:
Originally Posted by lm1z View Post
So, I was able to sit down with our sales rep and finance head at Classic BMW in Plano, TX.

Here's what I worked out:

71.5k MSRP E90 M3, Fully loaded minus Rear Parking Sensor and Shades.

3.5k off MSRP.
2.5k instant BMW credit.
----------------
6k Total off sticker, which we can guestimate to be at/or $500 above invoice.
For this dealer, which ranked Top 12 in the country, we were more than pleased with the offer.

They would not go ANY lower after playing hard ball for a good 3 hours. Thought there was at least another $500 we could have knocked off, but this didn't make a big dif. in payment.
We are already getting a prime rate due to flawless credit, so that was non-negotiable.

We chose a 10k, 36mo. lease to help get the payment to ~950/mo.

Now, about the 120-day deal, I found out much more information!
At work now but will definitely explain everything when I'm home.

Stay tuned.

As of April 6th I will be the proud owner of a 2010 E90 Jet Black/Black M3.
Word!
I am being offered 71,500 from an MSRP of about 75k as well. Then I tell them about the 2500 off and the price is about 1000 or so under MSRP. Is that a good deal for a coupe? What do I say to get the 2500 off? Thanks
Drew1204 is offline  
0
Reply With Quote
      04-07-2010, 08:02 PM   #38
e93335is
Enlisted Member
 
e93335is's Avatar
 
Drives: 2008 M3 sedan
Join Date: Mar 2010
Location: Tallahassee, FL

Posts: 49
iTrader: (0)

Quote:
Originally Posted by lm1z View Post
So, I was able to sit down with our sales rep and finance head at Classic BMW in Plano, TX.

Here's what I worked out:

71.5k MSRP E90 M3, Fully loaded minus Rear Parking Sensor and Shades.

3.5k off MSRP.
2.5k instant BMW credit.
----------------
6k Total off sticker, which we can guestimate to be at/or $500 above invoice.
For this dealer, which ranked Top 12 in the country, we were more than pleased with the offer.

They would not go ANY lower after playing hard ball for a good 3 hours. Thought there was at least another $500 we could have knocked off, but this didn't make a big dif. in payment.
We are already getting a prime rate due to flawless credit, so that was non-negotiable.

We chose a 10k, 36mo. lease to help get the payment to ~950/mo.

Now, about the 120-day deal, I found out much more information!
At work now but will definitely explain everything when I'm home.

Stay tuned.

As of April 6th I will be the proud owner of a 2010 E90 Jet Black/Black M3.
Word!
So did you pick up your new ride yesterday!!?? do you have pictures??
e93335is is offline   United_States
0
Reply With Quote
      04-07-2010, 09:18 PM   #39
lm1z
Major
 
lm1z's Avatar
 
Drives: 2013 Singapore Grey F10 M5
Join Date: Aug 2007
Location: Dallas, TX

Posts: 1,133
iTrader: (18)

Quote:
Originally Posted by jaymartinMsport View Post
So did you pick up your new ride yesterday!!?? do you have pictures??
The car gets picked up tomorrow!
My Dad ended up loving my car so much he bought an Interlagos Blue E93 M3 on the spot!

Pics will come as soon as I'm back at home from being out of state.

As of right now the car will be waiting for me in the garage

I'm a happy guy as the deal went through 100% today. We were having some issues but came out on top.

Will post pics as soon as possible.

-------

For those who haven't read my posts in other threads, the E90 Jet Black M3 is no more.
Our "loyal" dealership in Plano, TX tried to sell my Dad, a long time BMW owner, a DAMAGED car.

First off, we felt that we weren't getting the best possible price for the car - especially since we had just negotiated on an M3 2 days prior. So, we went into the negotiation process and still weren't able to hit our asking price.

Went to another dealer, which happens to be the dealer we ended up switching to, and got a quote on the same car. We were informed that NOT ONLY were we not able to get to our asking price, but that the vehicle had been damaged in port. The entire front bumper was replaced, and the passenger side fender was repainted...Not once were we made aware of this. As you know, this is completely illegal and after this experience we won't be stepping foot in the sales department ever again.

So, on to the exciting news...

I solidified a deal today on a Jerez Black E92 M3!
Ended up negotiating to about $500 under invoice. The car had 172 miles on it as it had been on the lot for about 3 months. MSRP of the car was roughly ~74k. We walked out the door paying about $68.3k - a 5.7k discount including thew $2500 BMW credit.

VERY excited to drive this car.

Dad picked up his E93 Interlagos Blue M3 today and says it's out of this world. He can't believe how responsive the car is. ITB's

Will post pics and a vid as soon as humanly possible.
I'll be home later this month.

Thanks, guys.
__________________
PAST 2002 GGP Lexus IS300 - RMM - HKS - Rays
PAST 2007 Black Sapphire E90 335i - BMS - JB+
PAST 2010 Jerez Black E92 M3
PAST 2012 Mineral White E92 M3
CURRENT 2013 Singapore Grey F10 M5

Last edited by lm1z; 04-07-2010 at 09:35 PM.
lm1z is offline  
0
Reply With Quote
      04-09-2010, 06:06 AM   #40
stevenross
General
 
stevenross's Avatar
 
Drives: a ride
Join Date: Oct 2009
Location: NYC - Bayside

Posts: 432
iTrader: (1)

Garage List
2011 BMW M3  [5.00]
2008 BMW X5 3.Slow  [0.00]
congratulations, i am in love with both.. not sure which one i love more the E92 or E93.. did u and dad lease or finance? mind sharing the deal you got.. you can pm me if u want...

thanks in advance,
Steven


Quote:
Originally Posted by lm1z View Post
The car gets picked up tomorrow!
My Dad ended up loving my car so much he bought an Interlagos Blue E93 M3 on the spot!

Pics will come as soon as I'm back at home from being out of state.

As of right now the car will be waiting for me in the garage

I'm a happy guy as the deal went through 100% today. We were having some issues but came out on top.

Will post pics as soon as possible.

-------

For those who haven't read my posts in other threads, the E90 Jet Black M3 is no more.
Our "loyal" dealership in Plano, TX tried to sell my Dad, a long time BMW owner, a DAMAGED car.

First off, we felt that we weren't getting the best possible price for the car - especially since we had just negotiated on an M3 2 days prior. So, we went into the negotiation process and still weren't able to hit our asking price.

Went to another dealer, which happens to be the dealer we ended up switching to, and got a quote on the same car. We were informed that NOT ONLY were we not able to get to our asking price, but that the vehicle had been damaged in port. The entire front bumper was replaced, and the passenger side fender was repainted...Not once were we made aware of this. As you know, this is completely illegal and after this experience we won't be stepping foot in the sales department ever again.

So, on to the exciting news...

I solidified a deal today on a Jerez Black E92 M3!
Ended up negotiating to about $500 under invoice. The car had 172 miles on it as it had been on the lot for about 3 months. MSRP of the car was roughly ~74k. We walked out the door paying about $68.3k - a 5.7k discount including thew $2500 BMW credit.

VERY excited to drive this car.

Dad picked up his E93 Interlagos Blue M3 today and says it's out of this world. He can't believe how responsive the car is. ITB's

Will post pics and a vid as soon as humanly possible.
I'll be home later this month.

Thanks, guys.
stevenross is offline  
0
Reply With Quote
      04-09-2010, 06:58 AM   #41
lm1z
Major
 
lm1z's Avatar
 
Drives: 2013 Singapore Grey F10 M5
Join Date: Aug 2007
Location: Dallas, TX

Posts: 1,133
iTrader: (18)

Quote:
Originally Posted by stevenross View Post
congratulations, i am in love with both.. not sure which one i love more the E92 or E93.. did u and dad lease or finance? mind sharing the deal you got.. you can pm me if u want...

thanks in advance,
Steven
thanks!

both are leases.
pm me any questions you have and i'd be glad to share with you.
__________________
PAST 2002 GGP Lexus IS300 - RMM - HKS - Rays
PAST 2007 Black Sapphire E90 335i - BMS - JB+
PAST 2010 Jerez Black E92 M3
PAST 2012 Mineral White E92 M3
CURRENT 2013 Singapore Grey F10 M5
lm1z is offline  
0
Reply With Quote
      04-10-2010, 04:14 PM   #42
lm1z
Major
 
lm1z's Avatar
 
Drives: 2013 Singapore Grey F10 M5
Join Date: Aug 2007
Location: Dallas, TX

Posts: 1,133
iTrader: (18)

http://www.m3post.com/forums/showthr...05#post7098805

__________________
PAST 2002 GGP Lexus IS300 - RMM - HKS - Rays
PAST 2007 Black Sapphire E90 335i - BMS - JB+
PAST 2010 Jerez Black E92 M3
PAST 2012 Mineral White E92 M3
CURRENT 2013 Singapore Grey F10 M5
lm1z 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 07:24 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