M3 lease rates (money factor and residuals) came out today

MFL101 · 03-05-2008, 09:47 AM

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.

!Xoible · 03-05-2008, 10:52 AM

Quote:

Originally Posted by marcos

Mantis--is this MF still correct? Or will it stay at .00245?

it was in february, in march is 0.0030 for 335

Jonmartin · 03-05-2008, 12:39 PM

Quote:

Originally Posted by MFL101

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...

Jonmartin · 03-05-2008, 12:44 PM

Quote:

Originally Posted by Jimmyz

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

MFL101 · 03-05-2008, 02:22 PM

Quote:

Originally Posted by Jonmartin

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

Jonmartin · 03-05-2008, 03:11 PM

Quote:

Originally Posted by MFL101

What's the wishfull thinking? I have a quote for $1135 with zero down. $68,500 M3 Sedan...24mo/10k

Is that Tax included?

MFL101 · 03-05-2008, 03:13 PM

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?

marcos · 03-06-2008, 08:33 AM

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?

MFL101 · 03-06-2008, 09:01 AM

Sounds like a rip off

!Xoible · 03-06-2008, 09:29 AM

Quote:

Originally Posted by marcos

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.

marcos · 03-06-2008, 09:40 AM

Quote:

Originally Posted by mantis

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????

!Xoible · 03-06-2008, 10:53 AM

Quote:

Originally Posted by marcos

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

BMoney · 03-06-2008, 11:25 AM

Quote:

Originally Posted by mantis

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.

marcos · 03-06-2008, 11:37 AM

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....

Voltigeur · 03-06-2008, 02:10 PM

Quote:

Originally Posted by Epacy

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.

MFL101 · 03-06-2008, 02:33 PM

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.

marcos · 03-06-2008, 02:46 PM

Quote:

Originally Posted by MFL101

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?

MFL101 · 03-06-2008, 03:06 PM

Multiple Security Deposits

Voltigeur · 03-06-2008, 03:52 PM

Quote:

Originally Posted by konaforever

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).

BogoKi · 03-06-2008, 06:53 PM

Quote:

Originally Posted by MFL101

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.

Voltigeur · 03-06-2008, 09:56 PM

-

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.

LittleRocket · 03-07-2008, 12:22 AM

I just came from the Dealer. Test Drove a AW one He is right the Residual is 55% for 36 months on the Coupe.

03-05-2008, 09:47 AM	#221
MFL101 Second Lieutenant 15 Rep 267 Posts Drives: RRS SC Join Date: Jun 2007 Location: NYC iTrader: (0)	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, 03:13 PM	#227
MFL101 Second Lieutenant 15 Rep 267 Posts Drives: RRS SC Join Date: Jun 2007 Location: NYC iTrader: (0)	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, 08:33 AM	#228
marcos Private First Class 3 Rep 146 Posts Drives: jerez m3 coupe Join Date: Jan 2008 Location: PA iTrader: (0)	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? __________________ e92 M3 Jerez Black, Fox Red Interior, Heated Seats, Satellite Radio, 18's
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03-06-2008, 09:01 AM	#229
MFL101 Second Lieutenant 15 Rep 267 Posts Drives: RRS SC Join Date: Jun 2007 Location: NYC iTrader: (0)	Sounds like a rip off
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03-06-2008, 11:37 AM	#234
marcos Private First Class 3 Rep 146 Posts Drives: jerez m3 coupe Join Date: Jan 2008 Location: PA iTrader: (0)	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.... __________________ e92 M3 Jerez Black, Fox Red Interior, Heated Seats, Satellite Radio, 18's
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03-06-2008, 02:33 PM	#236
MFL101 Second Lieutenant 15 Rep 267 Posts Drives: RRS SC Join Date: Jun 2007 Location: NYC iTrader: (0)	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, 03:06 PM	#238
MFL101 Second Lieutenant 15 Rep 267 Posts Drives: RRS SC Join Date: Jun 2007 Location: NYC iTrader: (0)	Multiple Security Deposits
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03-06-2008, 09:56 PM	#241
Voltigeur MacroRisk 109 Rep 2,523 Posts Drives: M3 E92 ED'09 / 335d Sport DD Join Date: Jul 2007 Location: TX iTrader: (0)	- 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. __________________ Just thinking of something not so witty ///M3 E92 '09 Jerez Black \| 6MT \| Ext Fox Red \| Tech \| Prem \| 19s \|Heated Seats \| iPod \|Smartphone \| Euro Deliv June 09 Sold: 540iT / 530i / 323i Last edited by Voltigeur; 03-06-2008 at 10:06 PM.. Reason: addendum
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03-07-2008, 12:22 AM	#242
LittleRocket Private First Class 9 Rep 146 Posts Drives: AW E92 M3 Join Date: Feb 2008 Location: SO CAL iTrader: (0)	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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