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      03-15-2008, 09:21 PM   #23
M3aHOLIC84
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So, if you had $45,000 saved towards a new car, what would you do? I didn't want to make any payments while driving the car. I also may decide to buy the car at the end of lease.
Im planning on selling the car at the end of my lease with the hopes of obviously selling it at least 5 grand over what i would still owe to buy the car...if not just hand in the keys then...my buddy did this on his e46 in 2006 and made back $6,500
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      03-15-2008, 09:22 PM   #24
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Ok, so thats $995+ Tax with $3500 cap, total drive offs are closer to $5200. So total payment is $1075 with $5200 drive off's for 36 months.

Thats not very good.
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      03-15-2008, 09:26 PM   #25
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Im planning on selling the car at the end of my lease with the hopes of obviously selling it at least 5 grand over what i would still owe to buy the car...if not just hand in the keys then...my buddy did this on his e46 in 2006 and made back $6,500
Not a bad return

For BMW3R with plenty of cash on hand and the thought of driving it longer than the lease term, using a 5% loan would put even more in his pocket since the effective rate is lower than what BMW currently is using on their lease for the M3.
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      03-15-2008, 09:28 PM   #26
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Quote:
Originally Posted by cosmos515 View Post
Ok, so thats $995+ Tax with $3500 cap, total drive offs are closer to $5200. So total payment is $1075 with $5200 drive off's for 36 months.

Thats not very good.
what's a good lease deal on the car, may i ask?
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      03-15-2008, 09:59 PM   #27
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Umm.. That car you linked has a msrp ~$68,500 Looks like they arn't marking up the rate.

What's the msrp on the car VOB quoted you?
VOB is sold me my car at MSRP which was 65800
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      03-16-2008, 12:16 AM   #28
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Ok, so thats $995+ Tax with $3500 cap, total drive offs are closer to $5200. So total payment is $1075 with $5200 drive off's for 36 months.

Thats not very good.
Please explain what an ideal payment would be for you
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      03-16-2008, 12:28 AM   #29
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Please explain what an ideal payment would be for you
+1. he just posts "not good" on any lease deal he sees online. i want to know what a good lease would be in his opinion
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      03-16-2008, 01:00 AM   #30
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Please explain what an ideal payment would be for you
I can't answer for cosmos, but I like think the current leasing factors for the M3 are awful. This is not surprising since they always are for new models, even worse on new, high-demand ones. As a compare, my $58K MSRP GS was snagged for mid-$700's, 15K/yr, $0 down except for normal signup stuff. When they want to move cars, they get aggressive with lease factors. It will be awhile before they do anything on the M3 IMO, but it will come down some. More than likely never will get crazy low since a steady demand should always exist for a lower production model.
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      03-16-2008, 08:35 AM   #31
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Not a bad return

For BMW3R with plenty of cash on hand and the thought of driving it longer than the lease term, using a 5% loan would put even more in his pocket since the effective rate is lower than what BMW currently is using on their lease for the M3.
My dealer was willing to give me a return customer credit and some off of MSRP. We did the lease numbers with minimum down and then paying the lease forward. If I paid forward, I would save $4,500 over the 3 years. I didn't know any investments that would pay greater than $4,500 on $35,000 over 3 years.

But if I were to buy the car with minimum down. I would basically be paying the interest on the loan at the beginning and by years 3-5, I would start paying more prinicipal. So, by the time I am ready to sell the car in 3 years, I may be flip flopped.
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      03-16-2008, 09:05 AM   #32
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VOB is sold me my car at MSRP which was 65800
Was that $3500 all cap red. or cap red. and taxes?
or did the dealer just mark up the rate on you?
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      03-16-2008, 09:16 AM   #33
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My dealer was willing to give me a return customer credit and some off of MSRP. We did the lease numbers with minimum down and then paying the lease forward. If I paid forward, I would save $4,500 over the 3 years. I didn't know any investments that would pay greater than $4,500 on $35,000 over 3 years.

But if I were to buy the car with minimum down. I would basically be paying the interest on the loan at the beginning and by years 3-5, I would start paying more prinicipal. So, by the time I am ready to sell the car in 3 years, I may be flip flopped.
Those #'s don't make sense. If the car is 70K MSRP your "rent" over 3 years is about 10,700 with 0 down, this is MF of .00275. If you put $35,000 down your "rent" would be about $7,200. That diff is only $3500.

You would make more putting down multiple security deposits and putting the remainding ~$28,000 in a CD. This would also take away your risk of losing money incase of total loss.
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      03-16-2008, 10:27 AM   #34
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Originally Posted by runutzzzzz View Post
Those #'s don't make sense. If the car is 70K MSRP your "rent" over 3 years is about 10,700 with 0 down, this is MF of .00275. If you put $35,000 down your "rent" would be about $7,200. That diff is only $3500.

You would make more putting down multiple security deposits and putting the remanding ~$28,000 in a CD. This would also take away your risk of losing money incase of total loss.
The car was $70,327 including gas guzzler. Then I have Utah state tax at 6.34% and dealer fees. I was told that to completely pay the car forward for 4 years at 15,000/year mileage, I would be right around $42,000.

My point of the $35,000 is that I was told that if I paid the lease forward, I would save over $4000 then if I just put down $7,000 and then paid a monthly lease payment. I don't know that there are any investments that would pay over $4000 on $35,000 in 3 years that are not risky. Plus ~ $1,100 would be taken from the investment account monthly.

I think what I am going to do is sit down with the dealer and crunch all of the numbers when I actually can get the sedan w/DCT in a couple of months. It is great to get everyone's input before I make the actual decision.

Thanks



I don't know what you mean by multiple security deposists.
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      03-16-2008, 01:27 PM   #35
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Quote:
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Was that $3500 all cap red. or cap red. and taxes?
or did the dealer just mark up the rate on you?
taxes on top, so out of pocket 3500 down, 3900 tax, 998 first month payment they waived security (returning bmw fs customer) and BMW CCA member 500 back (negated the acquisition fee), equals 8398! I questioned this to and called bmw financial services because the rates did not match what bmw had published for residual and money factors. BMW states that the dealer makes the sale and Bmw financial services supports the dealer, and they stated if you are not happy with the deal they made to go find another dealer.
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