|
|
10-01-2011, 09:11 AM | #1 |
Colonel
248
Rep 2,271
Posts |
What's a good deal on Lease?
Looking to lease a E90 M3 and found various quotes. Cars I'm looking are prices between $73-74K.
I'm hoping to buy my car at the end of the lease. Main reason I'm leasing is the fact that I can write a percentage of it off as a bushiness expense. Here's some of the quotes I've received so far on 36 months 10,000 miles/year #1 Option: MSRP is $73,575 and the invoice is $68,300 and the selling price is $69,439 and on*a 36 month lease with 10k miles per year and with a total of $2,327.68 cash down your payment comes to $931.30 including Tax The residual is 63% and $46,352.25 after 3 years and the money factor is .00185 on a score of 740 or better. This price is $1,000 over invoice with $139 for floor mats. Option #2: Vehicle Price: $73,075.00 * Preferred Customer Discount: - $3,116.00 * * Vehicle Selling Price: $69,959.00 * * 2011 Factory Floor Mats: + $149.00 * * Total Selling Price: $70,108.00 $4000 Cash due which includes $2200 cap reduction. MF is higher 00235. Still waiting on a few other dealer quotes. I don't qualify for the loyalty discount as my 1999 is too old. Nor do I have my BMWCCA membership as that has lapsed. Does this seam high for you guys? I'm curious what some are you are paying right now on 2011 BMWFS Leases? Doe paying a MSD (multiple security deposit) program Make a difference? |
10-01-2011, 10:25 AM | #2 |
10816
Rep 27,599
Posts |
Yes you can do better on the price however with the minimum amount of e90M's out there dealers are going to try and get as much as they can for them. If you like to run your deals by Ryan go ahead he will be able to help you out. His email is below in my signature.We might be able to get you the car your looking for and if we can it def will be at a better price. Either way happy hunting
__________________
BEFORE YOU BUY YOUR NEXT BMW, EMAIL OUR GUY KOTE FIRST! Kote M Sales:Kotem@bmwofcamarillo.com Cell:805-368-9101 vipfinance@bmwofcamarillo.com for warranties! |
Appreciate
0
|
10-01-2011, 10:31 AM | #3 | |
Colonel
248
Rep 2,271
Posts |
Quote:
Thanks! |
|
Appreciate
0
|
10-01-2011, 01:01 PM | #5 |
Captain
51
Rep 698
Posts |
I leased a vert for 0 down, $679/mo/10k mikes/yr. It is completely stock, but I think it listed for 72,000. You can do better than the quote above.
__________________
2011 E93 - Space Gray - 6MT/Silver Novillo/
OE Tuning/Gruppe M Intake/ACS Springs/Vorsteiner CF Type I Rear Diffuser/Textured Matte Black Custom Powdercoated OEM 359s/Painted Reflectors/Matte Grille, Hood Vents and Side Markers/Arqray Race Exhaust/MS Pulley |
Appreciate
0
|
10-01-2011, 01:15 PM | #6 |
e90post veteran
58
Rep 1,375
Posts |
^ verts are completely different than coupes and sedans. You can't even compre them because their rates are so much lower
__________________
2012 Melbourne Red/Bamboo Novillo E92 M3 - ZCP, ZPP, DCT, BMW Apps, Sat Radio, Heated Seats
Mods- 20" BBS LM DBK, 18" Volk TE37SL, iPE F1 Exhaust, OSS, Arkym, RD Sport, and much more... Thanks to- PYSpeed -- Morr Wheels -- OSS Designs -- iND-Distribution |
Appreciate
0
|
10-01-2011, 01:19 PM | #7 |
10816
Rep 27,599
Posts |
ok great, def talk to Ryan. The best way to get ahold of him is to email him. but when you do call ask for Ryan "Amico" we have two Ryans as the dealership
__________________
BEFORE YOU BUY YOUR NEXT BMW, EMAIL OUR GUY KOTE FIRST! Kote M Sales:Kotem@bmwofcamarillo.com Cell:805-368-9101 vipfinance@bmwofcamarillo.com for warranties! |
Appreciate
0
|
10-01-2011, 09:43 PM | #9 |
Colonel
248
Rep 2,271
Posts |
Congrats on the new ride. Yeah, I don't qualify for shit. My E36 is from 1999, they only give the loyalty if your car is 2005 or newer. Also, I don't have my BMWCCA membership anymore as I let it lapse years ago, so, no $500 credit
|
Appreciate
0
|
10-01-2011, 11:02 PM | #10 |
Banned
88
Rep 1,105
Posts |
That is quote is the best you can do. The big two factors are not in your control which is the residual and the money factor.
The thing you can control is the price you pay for the car and you got it for about 1k over invoice. That is about as good as it gets. Sometimse some dealers will do invoice, but 1k over 3 years is not really going to change much. For a 74k m3 at this point for 3 years/36k you are looking at 900-1000 depending on the months money factor and residual. Don't let people post some ridiculously low rate they got and tell you that you should keep looking as its really not in your control with the current MF and residuals. |
Appreciate
0
|
10-02-2011, 12:17 AM | #12 |
Lieutenant Colonel
1538
Rep 1,665
Posts |
|
Appreciate
0
|
10-02-2011, 12:21 AM | #13 | |
Colonel
248
Rep 2,271
Posts |
Quote:
Question? If you plan on buying the car at the end of the lease, would it save you more money by simply adding to the total out of pocket? |
|
Appreciate
0
|
10-02-2011, 12:17 PM | #14 |
Banned
88
Rep 1,105
Posts |
Well if you want to bring in using deposits to lower your MF than you have to bring in taking that same money and investing it in a similar investment and return as the savings in the lease from lowering your MF.
|
Appreciate
0
|
10-02-2011, 02:24 PM | #15 |
Happy Camper
613
Rep 7,869
Posts
Drives: C63 AMG & 280 SL on Weekends :
Join Date: May 2010
Location: GTA, Ontario - Canada
iTrader: (0)
Garage List 1969 Restored Merce ... [7.50]
2011 M3 Coupe TRADED [7.34] 1987 BMW 535is [1.00] Cars from the Past [6.50] The ///M3 Engine S65 [9.59] |
The best deal of course is the one someone else pays for like your company
Sorry, I am not much help I purchase my cars ... good luck hope you find a sweet deal BTW. What percentage of the lease does your company cover?
__________________
Cheers, Rolf-Dieter
Life will take us to some interesting places, fortunately The ///M3 will too with a many of us know this very well, now my C6.3 AMG with 487 HP does it too ---> Click here for some good stuff I found |
Appreciate
0
|
10-02-2011, 03:42 PM | #16 |
Colonel
248
Rep 2,271
Posts |
That someone else is still me. I own a small business and I'm able to write off a portion of the lease as a business expense. Don't know exactly how much yet. Need to work that out with the CPA.
|
Appreciate
0
|
10-02-2011, 07:30 PM | #17 | |
Private
41
Rep 74
Posts |
Quote:
Obviously you get better MF as well based on credit score. Last edited by devildog5811; 10-02-2011 at 07:52 PM.. |
|
Appreciate
0
|
10-02-2011, 09:13 PM | #18 | |
Colonel
248
Rep 2,271
Posts |
Quote:
Yes, MF is also based on FICO scores and I qualify. Like I mentioned before, I don't qualify for the loyalty discount as my 1999 is too old (cut off is 2005). Also, no BMWCCA Membership as that has lapsed as well. Do you mind telling me how much your lease is? You can PM me if you don't want to post it here online. |
|
Appreciate
0
|
10-09-2011, 02:58 PM | #20 |
IS350 to IS-F to M3 and M4
117
Rep 803
Posts |
Deal seems fair, but I've had great luck with a guy named Greg Poland, he was the first online dealer to return my inquriy and the most thorough.
Check his deal last, he's pretty aggressive, and no matter where you are, he can get you a car, either sent to ED (European Delivery) AND/OR PCD (Performance Center Delivery) in SC! gregpoland@pacificbmw.com |
Appreciate
0
|
10-09-2011, 11:24 PM | #21 | |
Colonel
248
Rep 2,271
Posts |
Quote:
|
|
Appreciate
0
|
10-10-2011, 12:49 AM | #22 |
IS350 to IS-F to M3 and M4
117
Rep 803
Posts |
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|