Just came back from the dealer today

OneblkM3 · 04-17-2010, 11:57 PM

This is the deal that he offered me for a 3 year lease on a 2010:

Suggested Retail - 70,080.00

Jet Black/Black Novillo Leather
Premium Package
Technology Package
DCT
19" wheels
Heated seats
Park Distance Control
iPod and USB adapter
Smartphone integration

Offered at $1045 a month with a little under $2200 due at signing. I am new to leases but I can't bring myself to buy a car at this price due to its depreciation value within the first two years. Thoughts?

FStop7 · 04-18-2010, 12:04 AM

Sounds like an OK deal to me, but I don't know anything about leases. How many miles per year?

EJ_92606 · 04-18-2010, 02:49 AM

[QUOTE=OneblkM3;7146055]This is the deal that he offered me for a 3 year lease on a 2010:

Suggested Retail - 70,080.00

Jet Black/Black Novillo Leather
Premium Package
Technology Package
DCT
19" wheels
Heated seats
Park Distance Control
iPod and USB adapter
Smartphone integration

Offered at $1045 a month with a little under $2200 due at signing. I am new to leases but I can't bring myself to buy a car at this price due to its depreciation value within the first two years. Thoughts?[/QUOTe

Not enough detail. What's included in the 2200? Does the payment include sales tax? M3 isn't going to depreciate as fast as many 70k cars.

Bubbles · 04-18-2010, 10:13 AM

[QUOTE=EJ_92606;7146410]

Quote:

Originally Posted by OneblkM3

This is the deal that he offered me for a 3 year lease on a 2010:

Suggested Retail - 70,080.00

Jet Black/Black Novillo Leather
Premium Package
Technology Package
DCT
19" wheels
Heated seats
Park Distance Control
iPod and USB adapter
Smartphone integration

Offered at $1045 a month with a little under $2200 due at signing. I am new to leases but I can't bring myself to buy a car at this price due to its depreciation value within the first two years. Thoughts?[/QUOTe

Not enough detail. What's included in the 2200? Does the payment include sales tax? M3 isn't going to depreciate as fast as many 70k cars.

Check out autotrader for 2009 going for low 50ks/high 40ks. These cars suck when it comes to depreciation.

Bubbles · 04-18-2010, 10:14 AM

Quote:

Originally Posted by OneblkM3

This is the deal that he offered me for a 3 year lease on a 2010:

Suggested Retail - 70,080.00

Jet Black/Black Novillo Leather
Premium Package
Technology Package
DCT
19" wheels
Heated seats
Park Distance Control
iPod and USB adapter
Smartphone integration

Offered at $1045 a month with a little under $2200 due at signing. I am new to leases but I can't bring myself to buy a car at this price due to its depreciation value within the first two years. Thoughts?

You can get a 2011 for near the same cost. Search this forum, there are plenty of incentives to be had.

TheRealOrosie · 04-18-2010, 01:10 PM

Quote:

Originally Posted by Bubbles

You can get a 2011 for near the same cost. Search this forum, there are plenty of incentives to be had.

Agreed...I just got a 2011 for $500 over invoice.

OneblkM3 · 04-18-2010, 01:57 PM

The mileage on the lease is 12k/yr. The $2200 includes first mo., tags, and taxes. From what I have been reading this is not the greatest deal but not the worst either.

Shiftinggearz · 04-18-2010, 08:13 PM

What is the negotiated price. I would imagine that pricing was negotiated, if so try to get invoice pricing. Many dealers are eager to get rid of the new 10's. You might want to ask if the 2500.00 incentive still applies to the 10's as well. Some dealers are offering it on the M's. If they will not budge, you can definitely get an '11 for close to the same price. I got one for 1000 over invoice and it has more options than that for under 70K

CleanAudi · 04-18-2010, 10:22 PM

not a good deal..

outie · 04-18-2010, 10:51 PM

Assuming you can get the car to sell @ invoice ~ $65k, there's a $2,500 finance credit which makes the car ~$62k. To calculate lease payment, use 12k/mi for 3 years, 49% residual with a money factor of 0.00125. This will get you a monthly payment of ~$900/mo tax excluded.

I assume your monthly payment does not include tax?

If so, you can see there's a $100 diff a month. For 3 years that's $3,600.

Now, if you also use multiple security deposits, with 7 deposits for $1000 per for a total of ~$7000, you can bring down the MF by another 0.00049, which gives you a final MF of .00076. With this MF, you will be down to ~$860/mo.

So, the most important factor is again your negotiated selling price. Get it down to ~invoice and you will get a great deal.

04-17-2010, 11:57 PM	#1
OneblkM3 Private 19 Rep 92 Posts Drives: '11 E92 M3 AW/BLK Join Date: Nov 2009 Location: Irvine CA iTrader: (8)	Just came back from the dealer today This is the deal that he offered me for a 3 year lease on a 2010: Suggested Retail - 70,080.00 Jet Black/Black Novillo Leather Premium Package Technology Package DCT 19" wheels Heated seats Park Distance Control iPod and USB adapter Smartphone integration Offered at $1045 a month with a little under $2200 due at signing. I am new to leases but I can't bring myself to buy a car at this price due to its depreciation value within the first two years. Thoughts?
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04-18-2010, 12:04 AM	#2
FStop7 I like cars 329 Rep 5,052 Posts Drives: M6 Join Date: Oct 2008 Location: Newbury Park, CA iTrader: (3)	Sounds like an OK deal to me, but I don't know anything about leases. How many miles per year?
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04-18-2010, 02:49 AM	#3
EJ_92606 Ultimate Driving Machine 16 Rep 381 Posts Drives: '13 F10 550i; '11 R1200GS Join Date: Apr 2008 Location: So. Cal iTrader: (1)	[QUOTE=OneblkM3;7146055]This is the deal that he offered me for a 3 year lease on a 2010: Suggested Retail - 70,080.00 Jet Black/Black Novillo Leather Premium Package Technology Package DCT 19" wheels Heated seats Park Distance Control iPod and USB adapter Smartphone integration Offered at $1045 a month with a little under $2200 due at signing. I am new to leases but I can't bring myself to buy a car at this price due to its depreciation value within the first two years. Thoughts?[/QUOTe Not enough detail. What's included in the 2200? Does the payment include sales tax? M3 isn't going to depreciate as fast as many 70k cars.
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04-18-2010, 01:57 PM	#7
OneblkM3 Private 19 Rep 92 Posts Drives: '11 E92 M3 AW/BLK Join Date: Nov 2009 Location: Irvine CA iTrader: (8)	The mileage on the lease is 12k/yr. The $2200 includes first mo., tags, and taxes. From what I have been reading this is not the greatest deal but not the worst either.
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04-18-2010, 08:13 PM	#8
Shiftinggearz Member at Large. Probably Driving Aimlessly 13 Rep 170 Posts Drives: 2010 X5 M PKG & 2010 650 VERT Join Date: Mar 2010 Location: Los Angeles CA iTrader: (0) Garage List 2010 650 I Vert [0.00] 2010 X5 [0.00]	What is the negotiated price. I would imagine that pricing was negotiated, if so try to get invoice pricing. Many dealers are eager to get rid of the new 10's. You might want to ask if the 2500.00 incentive still applies to the 10's as well. Some dealers are offering it on the M's. If they will not budge, you can definitely get an '11 for close to the same price. I got one for 1000 over invoice and it has more options than that for under 70K
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04-18-2010, 10:22 PM	#9
CleanAudi Second Lieutenant 34 Rep 262 Posts Drives: BMW F82 M4 Join Date: Jan 2007 Location: USA iTrader: (0)	not a good deal..
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04-18-2010, 10:51 PM	#10
outie Lieutenant 92 Rep 566 Posts Drives: 2022 Porsche Taycan GTS Join Date: Feb 2009 Location: CA iTrader: (0) Garage List 2022 Tesla Model X [0.00] 2023 McLaren 720S S ... [0.00] 2022 Porsche Taycan ... [0.00]	Assuming you can get the car to sell @ invoice ~ $65k, there's a $2,500 finance credit which makes the car ~$62k. To calculate lease payment, use 12k/mi for 3 years, 49% residual with a money factor of 0.00125. This will get you a monthly payment of ~$900/mo tax excluded. I assume your monthly payment does not include tax? If so, you can see there's a $100 diff a month. For 3 years that's $3,600. Now, if you also use multiple security deposits, with 7 deposits for $1000 per for a total of ~$7000, you can bring down the MF by another 0.00049, which gives you a final MF of .00076. With this MF, you will be down to ~$860/mo. So, the most important factor is again your negotiated selling price. Get it down to ~invoice and you will get a great deal.
	Appreciate 0 Quote