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      07-26-2010, 05:09 PM   #1
BALLAJL15
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Hey guys, my lease is coming up in October and I am considering picking up a used m3. I would be looking to lease it as I like the change in cars every few years. I have a couple of questions... What deal did you get on your used m3?

Does bmw lease used m3's?

Is it possible to get one for around $45k??

I dont want to pay more than $650/mo if possible.

Thanks for any advice.
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      07-26-2010, 05:14 PM   #2
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i have never heard of leasing a used car.......is it even possible?

leasing a new one can be as low as 850 and up depending on options/MSD, definitely not possible for 650
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      07-26-2010, 05:45 PM   #3
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I have a Buddy who leased a used BMW and it was more than a new one. Check out www.swapalease.com It is a great way to get a car and an even better way to get rid of one. Just got rid of my Wife's 09' 535 in 24 hours.
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      07-26-2010, 06:10 PM   #4
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I wouldn't recommend to lease a used BMW. LIke some good people on this forum indicated that the rate is higher, and it is not feasible.
If you want, I got acquainted with this CA at BOB SMITH BMW in the internet department. He has the best service-referred to him few people and they were satisfied. He can help you out.
I haven't gone there because my car will be paid off soon (you'll be mine E90 M3)
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      07-26-2010, 06:19 PM   #5
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Thanks for the replies guys. Just wasnt sure if it was possible or not. Still deciding on what to get next
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      07-26-2010, 08:02 PM   #6
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Originally Posted by richardbb85 View Post
i have never heard of leasing a used car.......is it even possible?

leasing a new one can be as low as 850 and up depending on options/MSD, definitely not possible for 650
If you have great credit and you are approved at the MF offered. If you put MSD (7) 7 times your monthly payment which you will get back at end of lease. If you find M3 at invoice a coupe, you don't option it out.3 year lease 10 k a year. I bet you are way way under $850,I vet u get near $700 . If you drive manual that will help price big. It will have a lot to do with options. Good luck.
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      07-26-2010, 08:12 PM   #7
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If you have great credit and you are approved at the MF offered. If you put MSD (7) 7 times your monthly payment which you will get back at end of lease. If you find M3 at invoice a coupe, you don't option it out.3 year lease 10 k a year. I bet you are way way under $850,I vet u get near $700 . If you drive manual that will help price big. It will have a lot to do with options. Good luck.
and get a sedan + ED, lol
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      07-26-2010, 11:42 PM   #8
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i have never heard of leasing a used car.......is it even possible?

leasing a new one can be as low as 850 and up depending on options/MSD, definitely not possible for 650
Can't speak to current deals, but I generally manage to lease in the $10-$11 per k based on MSRP, with just first month's payment, registration and all that. In fact, while I do look at all of the numbers, I use that rule and won't sign a lease unless it's in that range. I don't think it's worth leasing unless it's that low. Sometimes the deals from the financer aren't good enough at the time, or the dealer holds out, but I've never had to wait more than a month or two before the deal improves and it works out.

If I get an M3, I'll probably look at them between October and December when my current lease ends. That will probably help things considerably, seeing how they won't be in demand during the winter and the dealer is bound to have spare allotment.

Last edited by sor; 07-26-2010 at 11:48 PM.
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      07-30-2010, 03:39 PM   #9
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I leased a new one for only 760 a month. 6k down. 10k miles per year. Doesnt make sense to lease a used one. Will be even more money
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      08-04-2010, 03:48 PM   #10
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Quote:
Originally Posted by BALLAJL15 View Post
Hey guys, my lease is coming up in October and I am considering picking up a used m3. I would be looking to lease it as I like the change in cars every few years. I have a couple of questions... What deal did you get on your used m3?

Does bmw lease used m3's?

Is it possible to get one for around $45k??

I dont want to pay more than $650/mo if possible.

Thanks for any advice.
I don't recommend swapping/picking up leases, you're picking up bad lease terms from ppl who overpaid back in 2008 to be the first on the block with an M3. Not sure if you can renegoiate used car lease terms.
You can finance a used car, you won't eat as much in depreciation if you resell. How much is a 36 mo used car finance plan these days?

Yes you can get one for around $45k if you don't mind either higher mileage or a sedan. http://www.m3post.com/forums/showthread.php?t=366319
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      08-06-2010, 04:03 PM   #11
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I leased a new one for only 760 a month. 6k down. 10k miles per year. Doesnt make sense to lease a used one. Will be even more money
Agreed; if you are going to lease get a new one.
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