BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > New and Preowned M3 Pricing, Ordering, Tracking / European Delivery / Dealer Reviews
 
GT Haus
Post Reply
 
Thread Tools Search this Thread
      02-29-2008, 06:24 PM   #177
Jimmyz
Second Lieutenant
10
Rep
258
Posts

 
Drives: E92 M3 or Audi S5 (soon!)
Join Date: Aug 2007
Location: NY

iTrader: (0)

Damn, I just ran some lease numbers on an M5. I found an '08 M5 for 13k under MSRP, so if we plug that in with BMWFN numbers, a 24 month lease, 12k miles a year, comes to 1040 a month with 7% tax in the payments, and a 36 month lease comes to 1160 a month with 7% tax in the payment. Which is a lot better than the M3 numbers.
Appreciate 0
      02-29-2008, 07:52 PM   #178
Jinxter
Lieutenant
Jinxter's Avatar
14
Rep
490
Posts

 
Drives: 2008 BMW e92 M3
Join Date: Jan 2008
Location: Walnut Creek, California

iTrader: (0)

Quote:
Originally Posted by Xcellere View Post
Anytime a thread relating to leasing is started, it turns into nothing but arguing between people leasing and those who think it's stupidity. Even if some of our decisions don't make much sense financially, we obviouslly have pretty strong reasons to make such a decision. It boils down to what you value in life and where you want to take yourself.

Here's an example. My best friend's father has an Enzo,Carrera GT, SLR Convertible, 599 GTB, F430 Spider, and a Bentley GTC. He leases every one of those cars. I've talked to his mother many times to know that they have practically no money in their bank account. Whatever they earn goes into renovating their house or paying off their leases. All you guys arguing against leases can say that these people are living well outside their means, only on a much larger scale. Now, my friend's father recently had a stroke. Maybe it was because of always living on a razor's edge financially, but assuming it wasn't because of that, do you think he cares about practical investment strategies? He's obviously more concerned with enjoying his life while he's still around.
well said. work to live! dont live to work. And enjoy it, it only comes around once.
__________________
Appreciate 0
      02-29-2008, 08:10 PM   #179
!Xoible
Banned
United_States
555
Rep
46,037
Posts

 
Drives: ....
Join Date: Nov 2006
Location: .

iTrader: (4)

Garage List
2008 M3  [3.50]
2007 335i  [4.50]
2008 528i  [4.00]
2006 Infiniti - G35 ...  [4.00]
i dont think it's smart either. coz if shit happens and u need money ur screwed.
Appreciate 0
      03-01-2008, 01:02 AM   #180
chasem3
Second Lieutenant
chasem3's Avatar
3
Rep
259
Posts

 
Drives: E92 M3
Join Date: Feb 2008
Location: USA

iTrader: (0)

Quote:
Originally Posted by Alumac View Post
Well it's not really "hard earned" money that's being spent. It's potentially earned money being spent. On a car. Yes life is short, and money should be used to improve the quality of life, but home equity lines of credit and 6 year notes on a car are good indications that some people really ought to look elsewhere. But I suppose the financial crunch now (in the US) is because people spent their "hard earned" money; right?
I don't think the credit crunch is hardly caused by consumers "leasing" thier cars. It is probably much more attributable to the housing market bubble bursting.

I think this entire thread is getting way off topic now.
Appreciate 0
      03-01-2008, 01:46 AM   #181
Los Angeles
Steve Forte Rio
No_Country
38
Rep
2,396
Posts

 
Drives: 08' 328i
Join Date: Aug 2007
Location: 90036

iTrader: (0)

Quote:
Originally Posted by mantis View Post
i dont think it's smart either. coz if shit happens and u need money ur screwed.
DING DING DING!

Brokeman says:
"Forget what may happen, I'm gonna blow ALL of my money NOW! New car(s) here I come!!! Yaaaaayyy"

Wiseman says: *shakes his head*
Appreciate 0
      03-01-2008, 03:59 AM   #182
Keto
Lieutenant Colonel
Keto's Avatar
United_States
21
Rep
1,582
Posts

 
Drives: F80 M3
Join Date: Jul 2007
Location: WHO DAT NATION

iTrader: (1)

Garage List
2015 BMW M3  [5.00]
Quote:
Originally Posted by EOD74 View Post
So if he dies he leaves his wife with all those financial obligations? That's classic.
Hell, if he dies and the cars are in his name only, she may escape, but what if he is disabled and can't work?

Anyone who is considering buying/leasing this kind of car that has a wife, kids and not enough insurance in case of death or disability is a total idiot.
Appreciate 0
      03-01-2008, 04:17 AM   #183
lucid
Major General
lucid's Avatar
United_States
116
Rep
8,034
Posts

 
Drives: E30 M3; Expedition
Join Date: Apr 2007
Location: USA

iTrader: (0)

Quote:
Originally Posted by cosmos515 View Post
I will preach for a bit and get off the soap box:

After reading this thread and a few others, I think some of you younger guys need to pass on the M3. The reason being is that if you buy a house now and save; with the release of the next great BMW you will be in a wonderful financial situation where you can buy anything you want, anyway you want with out having to finance for 84 months or leasing for 48.
How do you know that the real estate investment will yield a significant positive return by the release of the next generation M3 if not put you further into debt? That's speculative.
Appreciate 0
      03-01-2008, 06:52 AM   #184
BMWCali
Expect the Unusual
BMWCali's Avatar
United_States
53
Rep
1,208
Posts

 
Drives: 2014 Porsche
Join Date: Jun 2007
Location: U.S.A.

iTrader: (1)

Buggers! For my car, I get $1,378/month. I figure I could negotiate that down to $1,299/month. That's still $250/month more than I wanted to spend. And guys, isn't the money factor really .00305? The dealer I'm probably going to go with said their standard markup is .0005. So .00275 plus the .0005 markup is .00305. Is no one else getting markup like this?
Appreciate 0
      03-01-2008, 09:47 AM   #185
!Xoible
Banned
United_States
555
Rep
46,037
Posts

 
Drives: ....
Join Date: Nov 2006
Location: .

iTrader: (4)

Garage List
2008 M3  [3.50]
2007 335i  [4.50]
2008 528i  [4.00]
2006 Infiniti - G35 ...  [4.00]
no ur dealer is a rapist. well they all are, but he's BSing you
Appreciate 0
      03-01-2008, 11:55 AM   #186
cosmos515
Second Lieutenant
cosmos515's Avatar
4
Rep
215
Posts

 
Drives: I find what I keeps
Join Date: Feb 2008
Location: So Cal

iTrader: (0)

Quote:
Originally Posted by lucid View Post
How do you know that the real estate investment will yield a significant positive return by the release of the next generation M3 if not put you further into debt? That's speculative.
Did you just really post that response? I am saying this is because the M3 is a GUAREENTED depreciating asset. How can you compare buying a home that is also tax deductible to buying a M3 which will no doubt lose value? At least with the home itís a home and the chances of and % of depreciation is less.
__________________
"Motion does not equal progress"
"I love the smell of cosmoline in the morning"
Appreciate 0
      03-01-2008, 12:12 PM   #187
Deathboy
Lieutenant
Deathboy's Avatar
United_States
6
Rep
421
Posts

 
Drives: 2014 Cayman S
Join Date: Sep 2007
Location: Locals only...

iTrader: (0)

M3 lease numbers arent so good
Appreciate 0
      03-01-2008, 12:38 PM   #188
Keto
Lieutenant Colonel
Keto's Avatar
United_States
21
Rep
1,582
Posts

 
Drives: F80 M3
Join Date: Jul 2007
Location: WHO DAT NATION

iTrader: (1)

Garage List
2015 BMW M3  [5.00]
Quote:
Originally Posted by Deathboy View Post
M3 lease numbers arent so good
Go sedan! This is only until April; but looks like 4.99 from USAA or PFCU is the way to go for me. Purchase inc.
Appreciate 0
      03-01-2008, 01:21 PM   #189
!Xoible
Banned
United_States
555
Rep
46,037
Posts

 
Drives: ....
Join Date: Nov 2006
Location: .

iTrader: (4)

Garage List
2008 M3  [3.50]
2007 335i  [4.50]
2008 528i  [4.00]
2006 Infiniti - G35 ...  [4.00]
this thread sucks overall
Appreciate 0
      03-01-2008, 01:24 PM   #190
marcos
Private First Class
marcos's Avatar
3
Rep
146
Posts

 
Drives: jerez m3 coupe
Join Date: Jan 2008
Location: PA

iTrader: (0)

Quote:
Originally Posted by Jimmyz View Post
Damn, I just ran some lease numbers on an M5. I found an '08 M5 for 13k under MSRP, so if we plug that in with BMWFN numbers, a 24 month lease, 12k miles a year, comes to 1040 a month with 7% tax in the payments, and a 36 month lease comes to 1160 a month with 7% tax in the payment. Which is a lot better than the M3 numbers.
Here's what I'm struggling with--if I can get an M5 for similar lease payments--I would be tempted to switch--certainly more reasonable for me with 2 kids. Jimmyz--how easy was it to get the dealers down 13k?
__________________


e92 M3 Jerez Black, Fox Red Interior, Heated Seats, Satellite Radio, 18's
Appreciate 0
      03-01-2008, 02:16 PM   #191
shocka1212
Philanthropist
shocka1212's Avatar
United_States
10
Rep
1,048
Posts

 
Drives: e92
Join Date: Jan 2006
Location: NJ

iTrader: (1)

Send a message via AIM to shocka1212
Quote:
Originally Posted by mantis View Post
the estimate i was given was 1050 including tax
for that, i would just get an m5.
Appreciate 0
      03-01-2008, 03:31 PM   #192
Jimmyz
Second Lieutenant
10
Rep
258
Posts

 
Drives: E92 M3 or Audi S5 (soon!)
Join Date: Aug 2007
Location: NY

iTrader: (0)

Quote:
Originally Posted by marcos View Post
Here's what I'm struggling with--if I can get an M5 for similar lease payments--I would be tempted to switch--certainly more reasonable for me with 2 kids. Jimmyz--how easy was it to get the dealers down 13k?
I guess you have to find a dealer that has had the car on the lot for a while... I called the dealership who advertised 13k off MSRP, and they said that all three of those cars sold (they were '08 cars). They have a new one it, but it just came in, so they are not willing to do such a deep discount. He said if the car doesn't sell for 2 months, he would give me a call, and maybe he could give me at least somewhere close to 13k off list. So, basically, if you call around, especially to dealers in the middle of nowhere, you may find someone with an M5 who simply wants to get rid of it.
Appreciate 0
      03-01-2008, 04:23 PM   #193
lucid
Major General
lucid's Avatar
United_States
116
Rep
8,034
Posts

 
Drives: E30 M3; Expedition
Join Date: Apr 2007
Location: USA

iTrader: (0)

Quote:
Originally Posted by cosmos515 View Post
Did you just really post that response? I am saying this is because the M3 is a GUAREENTED depreciating asset. How can you compare buying a home that is also tax deductible to buying a M3 which will no doubt lose value? At least with the home it’s a home and the chances of and % of depreciation is less.
That's pure speculation. Nobody knows where the housing market is going. Sure the M3 will surely depreciate, but at a predictable rate. How much money will you really lose by owning an M3 for 4 years? $30k maybe (less considering you pretty much have to own a car one way or another). How much money can you loose by buying a $750k house if the market continues to tank? In the six digits. Plus, you are completely missing the point that buying a car is not an investment. For a young person who thinks he/she can earn a solid income in a 5-7 years, saving $20-$30 by buying a cheaper car is irrelevant. If you don't think you'll be making good money in the future, then that's another story.
Appreciate 0
      03-01-2008, 05:50 PM   #194
!Xoible
Banned
United_States
555
Rep
46,037
Posts

 
Drives: ....
Join Date: Nov 2006
Location: .

iTrader: (4)

Garage List
2008 M3  [3.50]
2007 335i  [4.50]
2008 528i  [4.00]
2006 Infiniti - G35 ...  [4.00]
Quote:
Originally Posted by shocka1212 View Post
for that, i would just get an m5.

i wouldnt at all
im going to choose to believe BMW marketing when they say the M3 is the only real car that carries the "M" spirit. more money <> bigger car always

btw
Appreciate 0
      03-01-2008, 09:09 PM   #195
MatthewDB
Registered
0
Rep
2
Posts

 
Drives: 550i
Join Date: Mar 2008
Location: Seattle

iTrader: (0)

Quote:
Originally Posted by Jimmyz View Post
Damn, I just ran some lease numbers on an M5. I found an '08 M5 for 13k under MSRP, so if we plug that in with BMWFN numbers, a 24 month lease, 12k miles a year, comes to 1040 a month with 7% tax in the payments, and a 36 month lease comes to 1160 a month with 7% tax in the payment. Which is a lot better than the M3 numbers.
Could you tell me where you found this deal? My dealer won't go anywhere near this amount off the MSRP. Specifically the dealership, I just want to use it as fodder to talk down my dealer. Thanks.
Appreciate 0
      03-02-2008, 01:14 AM   #196
cosmos515
Second Lieutenant
cosmos515's Avatar
4
Rep
215
Posts

 
Drives: I find what I keeps
Join Date: Feb 2008
Location: So Cal

iTrader: (0)

Quote:
Originally Posted by MatthewDB View Post
Could you tell me where you found this deal? My dealer won't go anywhere near this amount off the MSRP. Specifically the dealership, I just want to use it as fodder to talk down my dealer. Thanks.
We are getting way off topic, but its not really $13k off MSRP. The program for last month and one that was discontinued for March. The reduction is taken as a down payment not a cap reduction which has an effect on the payment.

I did the following #'s on a FULLY LOADED M5 with MSRP of $99,755...everything on this bad boy.

You are looking at now (March) if you put $330 down and have drive offs of $2500 (first month, title registration) I get a payment of $1369 on 24 month 10k mile a year and that is $1k over invoice. For every $1k down it reduces payment by roughly $35

*this is with leasing in Cali, I have heard that NYC and TX have different lease parameters)

No matter what, it is still very, very close to the M3 #'s and the real question is do you want a 3 series or a 5 series for the same payment.
__________________
"Motion does not equal progress"
"I love the smell of cosmoline in the morning"
Appreciate 0
      03-02-2008, 05:16 AM   #197
Jonmartin
Banned
Jonmartin's Avatar
United_States
46
Rep
2,103
Posts

 
Drives: E90 M3
Join Date: Nov 2005
Location: Los Angles (818)

iTrader: (1)

Send a message via AIM to Jonmartin
Thats a little too much I'd rather have an M5 M6 anyday at those same numbers I really don't care that much about the M3 as is and the fact is in this whole thread everyone forgot to mention that the numbers quoted aren't including the likely $5-15k markup.
Appreciate 0
      03-02-2008, 07:59 AM   #198
Jimmyz
Second Lieutenant
10
Rep
258
Posts

 
Drives: E92 M3 or Audi S5 (soon!)
Join Date: Aug 2007
Location: NY

iTrader: (0)

Quote:
Originally Posted by cosmos515 View Post
We are getting way off topic, but its not really $13k off MSRP. The program for last month and one that was discontinued for March. The reduction is taken as a down payment not a cap reduction which has an effect on the payment.

I did the following #'s on a FULLY LOADED M5 with MSRP of $99,755...everything on this bad boy.

You are looking at now (March) if you put $330 down and have drive offs of $2500 (first month, title registration) I get a payment of $1369 on 24 month 10k mile a year and that is $1k over invoice. For every $1k down it reduces payment by roughly $35

*this is with leasing in Cali, I have heard that NYC and TX have different lease parameters)

No matter what, it is still very, very close to the M3 #'s and the real question is do you want a 3 series or a 5 series for the same payment.
Um, no... you are talking about some lease deal, I am talking about a BMW dealership who had 3 new 2008 M5s in stock, and offered between 12 and 13k off MSRP on all of them.
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 04:03 PM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST