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10-05-2011, 03:19 PM | #23 | |
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10-05-2011, 03:43 PM | #24 | |
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Sorry for the grammar issues. Usually iam more more on top of it lol. I would be able to afford an M3 either new,used, Lease or Buy. Iam just looking for the best deal possible witch is why i need advice from the best people i could ask witch is current m3 owners/renters. Maybe i have not made my previous post clear or iam being very vague. I have never financed a vehicle before witch is why i seem uneducated about it . Iam not sure what BMW offers as their lowest interest rate, I guess i was misinformed as a few of my friends from California told me their rates we above %6. As someone said before maybe i should have made it a poll on whether you leased or financed plus details on interest rates and payments. Sorry for the whole mix-up guys.
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10-05-2011, 04:57 PM | #25 | |
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Dave
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10-05-2011, 05:33 PM | #26 | |
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The leases are pretty attractive as well. The residuals aren't to high and the money factors are OK,not the best but pretty good. Oh, once again its which, not witch...just busting your balls. If you plan on keeping the car for beyond the lease period I would highly consider buying. I leased but I am now considering buying the car at the end of the lease. What is nice is BMWFS will convert the lease to a purchase at their best prevaling rate. Dave
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10-05-2011, 05:35 PM | #27 | |
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Dave
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10-05-2011, 05:41 PM | #28 | |
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i think my payoff will be about 55 or 58k when my lease comes due end of 2013 lol
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10-05-2011, 06:06 PM | #29 | |
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lol, thanks alot for the info.
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10-05-2011, 10:01 PM | #30 | |
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Dave
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10-06-2011, 01:01 AM | #31 | |
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I mixed up the 35i and 35iS residuals, since i wanted a iS, but they didn't have any, so I had to get a regular 35i. M3 is either 63 or 65% This is end of last year when residuals on e93 M3s were really high I put about $2k drive off, 811/month with 9.75% tax included and 7MSDs ($6k)
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10-06-2011, 01:40 AM | #32 | |
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10-06-2011, 01:45 AM | #33 | |
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M3 is 3
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10-06-2011, 04:32 AM | #34 |
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i was just thinking about the topic of this. my residual for a e92 m3 (73k sticker) is 62%.
i cant believe the residual for the z4 is so high ( the payments on those were ridiculous at one point if i remember) i think my buyout is 44k after 3 years. would you guys say 3 years down the road and 36k miles, the car would be worth more than that... I hope so.
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10-06-2011, 10:33 AM | #35 |
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I went for a lease this time around. My first time actually.
I paid less than $2k up front. I'm not too concerned about walking away with "nothing" in a few years. There really are no guarantees that you will build equity financing a car. The only real hangup for me about leasing is the mileage aspect. I did 3 years 36k miles which is realistic now. From what I've seen, trying to lease for anything above 15k per year starts to be cost prohibitive.
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10-08-2011, 12:59 AM | #36 |
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I plan on leasing for 2 reason:
1)I can write off a portion of my lease for my business 2)CPO at the end of 3 years as I plan on owning the car for as long a possible. A good way of getting extended warranty via CPO then buying 3rd party warranty. I have the cash to pay but don't for these 2 reasons. Anyone else leasing because of the CPO at the end of the lease? Am I nuts to think like this? |
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10-09-2011, 01:10 AM | #38 | ||
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I went the 36 month route, with 20% down. 1.9% is almost free money. Quote:
OP - did you say you wanted a e90 m3? I believe all the allocations are gone and production is wrapping up at the end of the month, so you are most likely looking at a used e90, or one that's on the lot already. Last edited by doc19; 10-09-2011 at 10:27 PM.. Reason: clarification |
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10-09-2011, 02:51 PM | #39 | |
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Great thread, I was thinking about starting one. Calling all lease people. Can you answer this: Is the early lease buyout price based on MSRP or based on the negotiated sale price? For example, I'm getting ready to lease an M3 Monday. MSRP is 75,425, Sale Price is 68k. Say something comes up, and I need to get out of the lease in a month (extreme thinking) is my buyout price based on the 68k figure or the MSRP figure. I know they determine the residual at lease end, based on MSRP, so is my buyout anytime before that ALSO basee on MSRP? If based on MSRP, and if I like the idea of more readily being able to unload the lease for the smallest amount. I should finance the car, sure the payment is slightly higher per month on a 72 month term at 3.9% apr: ($1,061/month) lease price with also zero down is 889/month. BUT with the finance, I think I'm coming out ahead if I need to try and sell in a year or so. Thoughts? Thanks! Last edited by IS350; 10-09-2011 at 03:00 PM.. |
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10-09-2011, 03:45 PM | #40 | |
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10-09-2011, 03:48 PM | #41 | |
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Can you negotiate buyout at anytime during the lease, or can you only negotiate at end of the lease term? |
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10-09-2011, 09:18 PM | #43 | |
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And 1.9% for 36 months/2.9% 60 months for M3 is for 2011 models, I've purchased a 2012. |
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10-09-2011, 09:26 PM | #44 | |
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http://www.bmwusa.com/Standard/Conte...X/K3ltcN/sgA== |
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