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      03-05-2008, 10:47 AM   #221
MFL101
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I will put down some cash to make the payments $1000/month. (Probably will need around $3,000).

24k for 2 years....it's a lot, but it's a M3 and worth it.
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      03-05-2008, 11:52 AM   #222
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Quote:
Originally Posted by marcos View Post
Mantis--is this MF still correct? Or will it stay at .00245?
it was in february, in march is 0.0030 for 335
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      03-05-2008, 01:39 PM   #223
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Quote:
Originally Posted by MFL101 View Post
I will put down some cash to make the payments $1000/month. (Probably will need around $3,000).

24k for 2 years....it's a lot, but it's a M3 and worth it.
Sounds like wishfull thinking to me but GL...
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      03-05-2008, 01:44 PM   #224
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Quote:
Originally Posted by Jimmyz View Post
Which means the lease would have been like 1100 a month + tax if it was a manual (cuz not only does the tip cost more, the the residual on a tip is one or two points less because nobody wants one).

Could you PM me the dealer because I have been looking for a deal like that for a while... thanks.
It was Rusnak Porsche in Pasadena, CA
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      03-05-2008, 03:22 PM   #225
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Quote:
Originally Posted by Jonmartin View Post
Sounds like wishfull thinking to me but GL...
What's the wishfull thinking? I have a quote for $1135 with zero down. $68,500 M3 Sedan...24mo/10k
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      03-05-2008, 04:11 PM   #226
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Quote:
Originally Posted by MFL101 View Post
What's the wishfull thinking? I have a quote for $1135 with zero down. $68,500 M3 Sedan...24mo/10k
Is that Tax included?
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      03-05-2008, 04:13 PM   #227
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Ah, I see what you thought. No, no tax included...I usually pay tax up front...isn't that the best way to go about these things?
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      03-06-2008, 09:33 AM   #228
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Help! My dealer who agreed to sell me the car at MRSP is telling me that the MF is .00305 with a residual of 55% for 36mos 15K/yr. Is this correct. Does the MF change with increased yearly mileage?
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      03-06-2008, 10:01 AM   #229
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Sounds like a rip off
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      03-06-2008, 10:29 AM   #230
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Quote:
Originally Posted by marcos View Post
Help! My dealer who agreed to sell me the car at MRSP is telling me that the MF is .00305 with a residual of 55% for 36mos 15K/yr. Is this correct. Does the MF change with increased yearly mileage?
no it doesnt. that's a rip off by the finance manager. kick his ass.
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      03-06-2008, 10:40 AM   #231
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Quote:
Originally Posted by mantis View Post
no it doesnt. that's a rip off by the finance manager. kick his ass.
OK, so the MF for the m3 coupe is .00245 or .00275 for March????
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      03-06-2008, 11:53 AM   #232
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Quote:
Originally Posted by marcos View Post
OK, so the MF for the m3 coupe is .00245 or .00275 for March????
lol honestly no one knows. everyone is saying 0.00275 or 0.0028.
there's no way it'll be 0.00245, no way.

but seriously, i contacted outside lease companies, and more than one dealer and no one is confirming these figures. My CA told me numbers have not been released. she might be lying, but who the fuck knows??

in any case dealer cannot raise MF just coz you want more miles. that is bullshit dude. MF is interest on money borrowed, and should have nothing to do with miles. residual does though
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      03-06-2008, 12:25 PM   #233
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Quote:
Originally Posted by mantis View Post
no it doesnt. that's a rip off by the finance manager. kick his ass.

Sounds like it's the usual .00040 hike. I'm sure alot of people will be paying that rate or higher if you waive security deposit.
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      03-06-2008, 12:37 PM   #234
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He did waive the security deposit. Also--he's giving me 55% residual--not 53% as reported in the original post of this thread. It may all even out....
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      03-06-2008, 03:10 PM   #235
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Quote:
Originally Posted by Epacy View Post
4.99 for 60 months at my credit union.

My payment will be VERY reasonable.
Based on the BMW USA Fin quoted MF and residual (36 for e92 = 53%) and my credit union's rate of 4.80 - 5% I think I can save about $4k total cost by buying over 60 than leasing over 36m (I do plan to keep the car).

The quoted MFs and RESID % do not appear well-priced, IMO. Better to shop.
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      03-06-2008, 03:33 PM   #236
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With MSDs I am getting a great (relative) rate of .00216

Got the Accquisiton fee droped to the standard $695 as well (every little bit helps!)

Residual is 69% on Sedan 24mo/10k.
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      03-06-2008, 03:46 PM   #237
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Quote:
Originally Posted by MFL101 View Post
With MSDs I am getting a great (relative) rate of .00216

Got the Accquisiton fee droped to the standard $695 as well (every little bit helps!)

Residual is 69% on Sedan 24mo/10k.
MSD=military sales?
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      03-06-2008, 04:06 PM   #238
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Multiple Security Deposits
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      03-06-2008, 04:52 PM   #239
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Quote:
Originally Posted by konaforever View Post
Dad, is that you?
Missed this - funny shit

I get kona's point - but sometimes it's best to keep some of the money to invest. If I can borrow at 5% (looks like it) but can invest @ 7% - 10% (stock values are looking pretty good, I also work in finance) then I pick up the spread.

That's pretty rational from my perspective, but to hedge a bit I will pay 15-20% down up-front (I want < $1k / pmt).
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      03-06-2008, 07:53 PM   #240
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Quote:
Originally Posted by MFL101 View Post
Yeah, with taxes it will be even more...

It's not that I can't afford it...that's not the problem. It's the fact that it might be financially irresponsible at this moment in our economy. Plus I can see them dropping the price by a huge chunk in about 8 months if things stay on the same path...

Then again, it's a luxury item to splurge on, so I haven't made my mind up.


+1 Agree 100% with you. Economy is the key here, these cars will be seating on the lots in 30 days, by July anybody will be able to get them with deep discounts over MSRP and in 12 months loaded M3s (about 70K) will be selling on ebay for about 45-52K.


Just my 02 cents. Last month I canceled my M3 order.
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      03-06-2008, 10:56 PM   #241
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-

Back OT: these lease rates suck. Before someone posts some crap about (1) don't buy what you can't afford, (2) this car is worth paying whatever for.

It's a great car. I can afford it. But I didn't get to the point of being able to consider this fine vehicle without being somewhat rational. (my wife would disabuse this notion of rationality because of an obession w/ the e92, 911.. yachts etc )

I am not willing to throw money down when the Fed is easing and BOTH ISM indices are < 50 (economy contracting) and the consensus on the 'Street is that unemployment is headed up (high 5% from high 4's) and foreclosure rates are still in up-trend.

In any case I was planning to splurge in '09. I expect both rates and cars' MSRP to be more compelling by then.
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Last edited by Voltigeur; 03-06-2008 at 11:06 PM. Reason: addendum
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      03-07-2008, 01:22 AM   #242
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I just came from the Dealer. Test Drove a AW one He is right the Residual is 55% for 36 months on the Coupe.
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