when is the best time to lease an E93?

stevenross · 11-21-2009, 05:39 PM

currently the residual sucks.. something like 51% and money factor brings the rate to like 6.5%? does anyone know what time of the year from experience might produce a more favorable outcome?

thanks in advance,
Steven

DiamondGCoupe · 11-21-2009, 07:42 PM

I was at 54% 36mo. 12k.

stevenross · 11-21-2009, 08:10 PM

Quote:

Originally Posted by DiamondGCoupe

I was at 54% 36mo. 12k.

hmm the residual for the E93 is like 47% meaning i will be paying 53% over the life of the lease, and the money factor is .00285 or 6.85%, basically, not they want you to pay more over the life of the lease cause it really isnt holding its value in the end of the lease, and the interest rate is uber super high.. does any one have a good inclination as to when these might reach a more favorable figure?
S

DiamondGCoupe · 11-21-2009, 08:16 PM

The Coupe has the highest residual and lowest MF .00270. You can try and find an '08/'09 I know a few dealers I called in FL still have BRAND NEW '08 Verts.

SpencerM3 · 11-21-2009, 08:17 PM

With the exception of this time last year on remaining '08s, lease rates on M3's have always been shit.

bknight · 11-21-2009, 08:20 PM

i'm in the market right now too and, for sure, leasing an M3 is not a terribly attractive proposition right now. thinking with the heart and not the head is the only way to get through it, haha.

stevenross · 11-21-2009, 08:57 PM

Quote:

Originally Posted by bknight

i'm in the market right now too and, for sure, leasing an M3 is not a terribly attractive proposition right now. thinking with the heart and not the head is the only way to get through it, haha.

lol, i want to get through it with my head as well as the heart..

stevenross · 11-21-2009, 08:58 PM

Quote:

Originally Posted by DiamondGCoupe

The Coupe has the highest residual and lowest MF .00270. You can try and find an '08/'09 I know a few dealers I called in FL still have BRAND NEW '08 Verts.

what pricing do you think are they giving on these Brand New 08's are they giving 08 programs? i will call Brahman on monday...

S

foosh · 11-21-2009, 09:58 PM

I bought a new, completely-loaded, 08 E93 last March for $61.5K. I would be shocked if there were any left today that are actually new, but there may be a few punched dealer demos here and there.

When I was searching 9-10 months ago, there weren't a many left. And, as you have learned, prices have risen considerably since the depths of the recession, and also because of a much reduced supply.

stevenross · 11-21-2009, 10:30 PM

Quote:

Originally Posted by foosh

I bought a new, completely-loaded, 08 E93 last March for $61.5K. I would be shocked if there were any left today that are actually new, but there may be a few punched dealer demos here and there.

When I was searching 9-10 months ago, there weren't a many left. And, as you have learned, prices have risen considerably since the depths of the recession, and also because of a much reduced supply.

hey foosh.. yeah we talked about this.. i have gotten so many mailers from bmw about trunk money, they are really struggling to sell cars.. i got an offer for 6500 off of a 750i, $2500 off for certain models, and $1500 off of M's, i spoke to a dealer today in NY as he quoted me a payment for an E93 in the $1500s and told me that it would be impossible for it to reach the level of where it was it..

it has to reach a middle ground.. i am just curious when..

foosh · 11-21-2009, 10:43 PM

Quote:

Originally Posted by stevenross

hey foosh.. yeah we talked about this.. i have gotten so many mailers from bmw about trunk money, they are really struggling to sell cars.. i got an offer for 6500 off of a 750i, $2500 off for certain models, and $1500 off of M's, i spoke to a dealer today in NY as he quoted me a payment for an E93 in the $1500s and told me that it would be impossible for it to reach the level of where it was it..

it has to reach a middle ground.. i am just curious when..

Steven,

It's like trying to predict the weather or the stock market. Good luck with that.

stevenross · 11-21-2009, 10:59 PM

Quote:

Originally Posted by foosh

Steven,

It's like trying to predict the weather or the stock market. Good luck with that.

there has to be someone else in the market for one of these babies asking themself the same questions..

S

bknight · 11-22-2009, 10:57 AM

Quote:

Originally Posted by stevenross

there has to be someone else in the market for one of these babies asking themself the same questions..

S

My sense - and, of course, it is only a sense and likely about as accurate as me trying to predict the weather - is that this is the new reality in terms of the cost of leasing an M.

It seems like BMW has sharply reduced production and doesn't have the same issue it had a year ago with way too many of the early models out there. On one hand I can't really figure out why BMW (which as we all know is not doing the best in terms of financial results right now) is not trying a bit harder to incentivize people here to buy these cars, but on the other perhaps the cost of production really is quite high and they're just not willing to take a hit in terms of profitability on these cars.

The cost of leasing an M3 right now is bordering on crazy if one thinks about the other cars one could lease for a similar price. It's even making me think about whether I should buy rather than lease, though that is probably not the right approach for me as I tend to like a new car every two years which is why I have leased historically.

Would be interested in other posters' thoughts on this but I have a feeling that we're not going to see a material uptick in the residuals or reduction in the MF any time soon.

bknight

DiamondGCoupe · 11-22-2009, 11:05 AM

Quote:

Originally Posted by stevenross

what pricing do you think are they giving on these Brand New 08's are they giving 08 programs? i will call Brahman on monday...

S

This dealer was in Ocala, FL, they had a red vert 6MT 2008 said he could easily give me $10k off MSRP. I don't know if I would buy a car that has been sitting for a year+ I was shocked to hear they still had brand new 2008s still in their lot.

stevenross · 11-22-2009, 08:44 PM

Quote:

Originally Posted by DiamondGCoupe

This dealer was in Ocala, FL, they had a red vert 6MT 2008 said he could easily give me $10k off MSRP. I don't know if I would buy a car that has been sitting for a year+ I was shocked to hear they still had brand new 2008s still in their lot.

thanks

11-21-2009, 05:39 PM	#1
stevenross General 37 Rep 431 Posts Drives: a ride Join Date: Oct 2009 Location: NYC - Bayside iTrader: (1) Garage List 2011 BMW M3 [10.00] 2008 BMW X5 3.Slow [0.00]	when is the best time to lease an E93? currently the residual sucks.. something like 51% and money factor brings the rate to like 6.5%? does anyone know what time of the year from experience might produce a more favorable outcome? thanks in advance, Steven
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11-21-2009, 07:42 PM	#2
DiamondGCoupe Second Lieutenant 33 Rep 235 Posts Drives: 2018 X5 & 2015 M4 Join Date: Nov 2009 Location: FL iTrader: (3)	I was at 54% 36mo. 12k. __________________ 2018 F15 X5 - Alpine 2015 F82 M4 - Yas Marina 2010 E92 M3 - Alpine White - Sold
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11-21-2009, 08:16 PM	#4
DiamondGCoupe Second Lieutenant 33 Rep 235 Posts Drives: 2018 X5 & 2015 M4 Join Date: Nov 2009 Location: FL iTrader: (3)	The Coupe has the highest residual and lowest MF .00270. You can try and find an '08/'09 I know a few dealers I called in FL still have BRAND NEW '08 Verts. __________________ 2018 F15 X5 - Alpine 2015 F82 M4 - Yas Marina 2010 E92 M3 - Alpine White - Sold
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11-21-2009, 08:17 PM	#5
SpencerM3 Sauce 75 Rep 2,023 Posts Drives: 2009 SSII E90 M3 Join Date: Jun 2006 Location: Los Angeles iTrader: (1)	With the exception of this time last year on remaining '08s, lease rates on M3's have always been shit. __________________ 2009 E90 M3 \| Silverstone II \| Black Novillo \| HRE P40's \| Akrapovic Exhaust \| Eibach Pro Kit \| Jet Black Kidney Grilles \| SSII Side Reflectors \| SSII Side Gills \| LUX H8 Angel Eyes \| Macht Schnell Filter \| Tecnocraft Envy Charge Pipe "M3 drivers have no friends." - Jeremy Clarkson
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11-21-2009, 08:20 PM	#6
bknight Captain 60 Rep 609 Posts Drives: F95 X5M Competition Join Date: Jan 2008 Location: United States iTrader: (0)	i'm in the market right now too and, for sure, leasing an M3 is not a terribly attractive proposition right now. thinking with the heart and not the head is the only way to get through it, haha.
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11-21-2009, 09:58 PM	#9
foosh Major 27 Rep 1,314 Posts Drives: 2008 M3 E93 Join Date: Mar 2009 Location: Annapolis, MD iTrader: (0)	I bought a new, completely-loaded, 08 E93 last March for $61.5K. I would be shocked if there were any left today that are actually new, but there may be a few punched dealer demos here and there. When I was searching 9-10 months ago, there weren't a many left. And, as you have learned, prices have risen considerably since the depths of the recession, and also because of a much reduced supply. __________________
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