Fair Monthly Payment, Honorable Dealer?

[cpars006]

I have just placed an order on a 2011 E93 M3, after some deliberation I decided to go with SG and Fox Red interior instead of the JZ Black with Fox Red/ Black/ Black! (please elaborate, there is still time for me to change my decision!). Anyways, the deal I got was $651/ month including tax with $6,000 out of pocket, this includes the $1500 holiday credit (how does my deal look btw). My sales person, who seems kind of sketchy to begin with claims that if the car isn't here by Jan. 3, I will lose the holiday credit, bringing my total per month to $699. I was wondering if anyone is having the same issues or if there is anyone who works at a BMW dealership that can validate that can give me the truth. The thing really throwing me off is another sales person at a different dealer claims he can lock in the holiday credit! I'm so confused someone please help!

[Splooge911]

Originally Posted by cpars006

I have just placed an order on a 2011 E93 M3, after some deliberation I decided to go with SG and Fox Red interior instead of the JZ Black with Fox Red/ Black/ Black! (please elaborate, there is still time for me to change my decision!). Anyways, the deal I got was $651/ month including tax with $6,000 out of pocket, this includes the $1500 holiday credit (how does my deal look btw). My sales person, who seems kind of sketchy to begin with claims that if the car isn't here by Jan. 3, I will lose the holiday credit, bringing my total per month to $699. I was wondering if anyone is having the same issues or if there is anyone who works at a BMW dealership that can validate that can give me the truth. The thing really throwing me off is another sales person at a different dealer claims he can lock in the holiday credit! I'm so confused someone please help!

whats the MSRP of this car?

[geneatals]

AFAIK, you have to take delivery before 1/3/2011 to take advantage of the credit, but you can "lock in" nov, dec, and january numbers/lease rates...and get the lowest rates for whichever month works out best, minus the credit if you take delivery after 1/3/2011.

[cpars006]

Originally Posted by Splooge911

whats the MSRP of this car?

Sorry, the MSRP is $74,000. My salesperson claims she's leasing it for 200 above invoice but I'm skeptical after seeing the deal you got on yours! Any suggestions?

[cpars006]

geneatals, im not quite sure what you mean by that last part, will I be able to get my payment to $651 even if it takes delivery after Jan. 3? if so how do I tell that to my dealer! haha

[geneatals]

Originally Posted by cpars006

geneatals, im not quite sure what you mean by that last part, will I be able to get my payment to $651 even if it takes delivery after Jan. 3? if so how do I tell that to my dealer! haha

if you take delivery after jan 3, the 1500 credit should be null and void as that credit is only good until jan 3, so your payment would not be 651..

BTW, is the 6K down going to cap cost reduction or MSD's? I hope it's the latter...

6K down towards the cap cost is throwing away your $ IMO....

[cpars006]

Originally Posted by geneatals

if you take delivery after jan 3, the 1500 credit should be null and void as that credit is only good until jan 3, so your payment would not be 651..

BTW, is the 6K down going to cap cost reduction or MSD's? I hope it's the latter...

6K down towards the cap cost is throwing away your $ IMO....

well im not as like experienced as yourself so i don't really know the difference, if you could help me here or in a pm, i really dont want to be getting ripped off right now? what would be the ideal lease strategy?

[hbcpa]

David Aviles from Northwest BMW told me the Holiday cash is tied to the financing program.

I'm looking to order a M in December for Late February delivery. He told me I would still receive the Holiday cash.

I tend to believe David over a clueless CA any day. Have your CA double check.

[cpars006]

Originally Posted by hbcpa

David Aviles from Northwest BMW told me the Holiday cash is tied to the financing program.

I'm looking to order a M in December for Late February delivery. He told me I would still receive the Holiday cash.

I tend to believe David over a clueless CA any day. Have your CA double check.

are you leasing or buying?

[hbcpa]

[/QUOTE]are you leasing or buying?[/QUOTE]

Loan not a lease. I don't think it would matter.

[cpars006]

okay thankyou,, have u talked any numbers with david? ive heard really great things, im trying to compare other deals to mine

[Splooge911]

Here is the deal I have. You can compare

2011 M3 Convertible
$77,175 MSRP
$722 per month including tax (8.375%)
$3,200 total due at signing and that includes 1st month payment of $722 and other fees
10k miles per year
36 months

[hbcpa]

Originally Posted by cpars006

okay thankyou,, have u talked any numbers with david? ive heard really great things, im trying to compare other deals to mine

He's a good guy. His info contact info is www.eurocarsonline.com

[cpars006]

Originally Posted by Splooge911

Here is the deal I have. You can compare

2011 M3 Convertible
$77,175 MSRP
$722 per month including tax (8.375%)
$3,200 total due at signing and that includes 1st month payment of $722 and other fees
10k miles per year
36 months

damn, you got a really sick deal! any tips for what i should say to my dealer to lower mine?!

[tukluc]

Since you are in Cali...get in touch with member GOLFRR!

http://www.m3post.com/forums/showthr...346708&page=36

If I lived in CA, that is where I would go.

[cheesy9]

Regarding Space Gray + Fox Red: I love it. I think it looks even better in person than in pictures.

I was a little worried after seeing some pictures online that looked nothing like it did on the website configuration tool, but it turns out the color on the pictures was just way off.

[cksv]

Originally Posted by geneatals

if you take delivery after jan 3, the 1500 credit should be null and void as that credit is only good until jan 3, so your payment would not be 651..

That's not true:

"Only at participating BMW centers on leases assigned to BMW Financial Services NA, LLC/Financial Services Vehicle Trust through January 3, 2011."

You just need to order by January 3rd, not necessarily take possession of the car by that time.

[cloud8r]

I got a phenomenal deal from Drew Sebring of Rusnak in socal. I tried Golfrrr at Steve Thomas too but he couldn't do as good a deal. Drew's a good upstanding guy and the sales manager there. Excellent service. His internet guy took his first vacation in 3 years a couple weeks ago. I've been sending everyone I know to him. His team will give you a play-by-play of your car's progress too while it's being built. I just can't say enough good things about these guys. PM me with your contact info and I can let him know to call you or email Drew directly yourself at dsebring@rusnakautogroup.com Let him know RJ sent you.

[GOLFFRR]

Originally Posted by tukluc

Since you are in Cali...get in touch with member GOLFRR!

http://www.m3post.com/forums/showthr...346708&page=36

If I lived in CA, that is where I would go.

Just let me know guys Tukluc thanks for the shout out

[BaLLzZz]

wow when did m3 lease deals drop under 1k I rmemeber an offer around these numbers at the beg of the recession BUT not recently. NICE