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      03-04-2009, 09:14 PM   #1
Greer
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Dos this look like a bad deal on a 2009 M3 sedan lease?

Hi Guys:

I spoke to the dealership and they quoted me these numbers for a 3 yr. lease on a 2009 M3 sedan. The numbers below shoud represent getting the car $500 over invoice.

After looking at the terms below, is this a bad deal? Can I do better?

Here are the terms:

Description MSRP
Base Price $54,850.00
0ZPP Premium Package 2,000.00
Extended Leather Upholstery 1,100.00
0ZCW Cold Weather Package 1,000.00
0ZTP Technology Package 3,250.00
02MK M Double-clutch Transmission 2,900.00
02MT 19" Wheels w/Performance Tires 1,200.00
0417 Rear Manual Side Window Shades 575.00
0507 Park Distance Control (Rear) 350.00
0655 SIRIUS Satellite Radio 595.00
06FL iPod and USB Adapter 400.00
0752 Enhanced Premium Sound 1,900.00
Metallic Paint 550.00
Estimated Gas Guzzler Tax 1,300.00
Destination and Handling 825.00
TOTAL AS EQUIPPED $72,795.00
SELLING PRICE $68,045.00
Lease Terms
Lender BMW Financial Services
Term 36 Months
Mileage 10,000/year
Money Factor 2.8
Residual Factor 52%
Selling Price $68,045.00
Total Capitalized Cost $68,045.00
Residual Value $37,853.40
Total Depreciation $30,191.60
Capital Reduction $0.00
Monthly Depreciation $838.66
Monthly Rent $296.52
Monthly Payment $1,135.17
Tax (8.25%) $93.65
Monthly Payment + Tax $1,228.82
License & Registration $554.75
Bank Fee $725.00
Documentation Fee $45.00
First Payment $1,228.82
Security Deposit $0.00
Drive Off $2,617.10
Trade Equity $0.00
Rebate $0.00
Due at Signing $2,617.10
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      03-04-2009, 09:18 PM   #2
Paddy
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Quote:
Originally Posted by Greer View Post
Hi Guys:

I spoke to the dealership and they quoted me these numbers for a 3 yr. lease on a 2009 M3 sedan. The numbers below shoud represent getting the car $500 over invoice.

After looking at the terms below, is this a bad deal? Can I do better?

Here are the terms:

Description MSRP
Base Price $54,850.00
0ZPP Premium Package 2,000.00
Extended Leather Upholstery 1,100.00
0ZCW Cold Weather Package 1,000.00
0ZTP Technology Package 3,250.00
02MK M Double-clutch Transmission 2,900.00
02MT 19" Wheels w/Performance Tires 1,200.00
0417 Rear Manual Side Window Shades 575.00
0507 Park Distance Control (Rear) 350.00
0655 SIRIUS Satellite Radio 595.00
06FL iPod and USB Adapter 400.00
0752 Enhanced Premium Sound 1,900.00
Metallic Paint 550.00
Estimated Gas Guzzler Tax 1,300.00
Destination and Handling 825.00
TOTAL AS EQUIPPED $72,795.00
SELLING PRICE $68,045.00
Lease Terms
Lender BMW Financial Services
Term 36 Months
Mileage 10,000/year
Money Factor 2.8
Residual Factor 52%
Selling Price $68,045.00
Total Capitalized Cost $68,045.00
Residual Value $37,853.40
Total Depreciation $30,191.60
Capital Reduction $0.00
Monthly Depreciation $838.66
Monthly Rent $296.52
Monthly Payment $1,135.17
Tax (8.25%) $93.65
Monthly Payment + Tax $1,228.82
License & Registration $554.75
Bank Fee $725.00
Documentation Fee $45.00
First Payment $1,228.82
Security Deposit $0.00
Drive Off $2,617.10
Trade Equity $0.00
Rebate $0.00
Due at Signing $2,617.10
Looks real bad to me.
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      03-04-2009, 09:29 PM   #3
Greer
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Quote:
Originally Posted by Paddy View Post
Looks real bad to me.

How so?
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      03-04-2009, 09:35 PM   #4
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Quote:
Originally Posted by Greer View Post
How so?
Maybe I'm just influenced by the awesome deals that were going on 08 models, but it seems a lot higher than many folk were paying. I saw a lot of fully loaded 08 M3's going for the low 700's/mo, so your number seems fairly high considering.
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      03-04-2009, 09:45 PM   #5
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Times are changing and BMW is not in the discount car business

It seems BMW is working to fix the issues that lead to such low prices and easy deals at the end of 08. I think the 4th Qtr 08 was a perfect storm of bad things that forced BMW to unload a bunch of cars fast. But that is a rare case and I am sure BMW does not want to be there again.

So I think we will see less cars imported (stocked) and prices closer to MSRP. Looks like you got a good price, but the money factors are up and residuals are down.

BMW must be tired of supplementing sales and working to get back their margins. We will have to see what the next quarter brings.

2009 BMW M3 Sedan - 10K Miles
24 Month – Residual 59% of MSRP – .00260 Base Rate
36 Month – Residual 52% of MSRP – .00260 Base Rate
48 Month – Residual 41% of MSRP – .00260 Base Rate
60 Month – Residual 34% of MSRP – .00260 Base Rate

looks like he bumped your MF a bit............Good luck.....Steve
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      03-05-2009, 01:03 AM   #6
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Quote:
Originally Posted by needspeed View Post
It seems BMW is working to fix the issues that lead to such low prices and easy deals at the end of 08. I think the 4th Qtr 08 was a perfect storm of bad things that forced BMW to unload a bunch of cars fast. But that is a rare case and I am sure BMW does not want to be there again.

So I think we will see less cars imported (stocked) and prices closer to MSRP. Looks like you got a good price, but the money factors are up and residuals are down.

BMW must be tired of supplementing sales and working to get back their margins. We will have to see what the next quarter brings.

2009 BMW M3 Sedan - 10K Miles
24 Month – Residual 59% of MSRP – .00260 Base Rate
36 Month – Residual 52% of MSRP – .00260 Base Rate
48 Month – Residual 41% of MSRP – .00260 Base Rate
60 Month – Residual 34% of MSRP – .00260 Base Rate

looks like he bumped your MF a bit............Good luck.....Steve


Man...that car is LOADED!!!!

1. Selling price is on target with his $500 over invoice promise
2. MF is bumped from 26 to 28...multiple security deposits can help lower that.
3. Overall, the residuals are NOT good and MF is high. But, it is an M3!

To help lower your monthly payment....try the multiple security deposits and maybe more money down? Or try finding a car that doesn't have so many damn options! Personally, I would dump Cold Weather, extended leather and premium sound....that alone would save 4k!

Good Luck!
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