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
 
GTB Performance
Post Reply
 
Thread Tools Search this Thread
      07-31-2008, 12:34 PM   #1
gthirtyfizle
Colonel
 
gthirtyfizle's Avatar
 
Drives: E92 M3 AW
Join Date: Jul 2008
Location: NYC

Posts: 2,639
iTrader: (4)

Good deal or bad deal? Need help.... M3

Went to a bmw dealer in NYC today, looking in getting into a new M3. Basically we found an 09 with dual clutch tech package cold etc.. Alpine White and red interior... Car came out to 69,400 was able to get it for 64000. Now I didnt sign any papers but basicalle I am planning to lease the car and buy it out, just so I can keep my payments lower. 10,000 down 700 a month? Good deal or not. Keep in mind I am deff buying out the car after the lease is up, main reason of doing this is keeping my payments low. We did the math and financing or leasing once the term is over it comes out to basically be even, if I were to pay the remainder off in full, if not like 2 gs more, which is not too bad. So what do u guys think. Im gonna keep shopping around tho.
gthirtyfizle is offline  
0
Reply With Quote
      07-31-2008, 02:26 PM   #2
patronM3
New Member
 
Drives: 2009-SG-M3
Join Date: Jul 2008
Location: Virginia

Posts: 27
iTrader: (0)

Quote:
Originally Posted by gthirtyfizle View Post
Went to a bmw dealer in NYC today, looking in getting into a new M3. Basically we found an 09 with dual clutch tech package cold etc.. Alpine White and red interior... Car came out to 69,400 was able to get it for 64000. Now I didnt sign any papers but basicalle I am planning to lease the car and buy it out, just so I can keep my payments lower. 10,000 down 700 a month? Good deal or not. Keep in mind I am deff buying out the car after the lease is up, main reason of doing this is keeping my payments low. We did the math and financing or leasing once the term is over it comes out to basically be even, if I were to pay the remainder off in full, if not like 2 gs more, which is not too bad. So what do u guys think. Im gonna keep shopping around tho.
Leasing to buy is always a $$$$$ loser! If your job/company were paying for your monthly lease and then you purchased the car with your own cash at lease-end, then it would be worth it. Otherwise, you'll end up paying a lot more for the car. JMO!
patronM3 is offline  
0
Reply With Quote
      07-31-2008, 03:57 PM   #3
gthirtyfizle
Colonel
 
gthirtyfizle's Avatar
 
Drives: E92 M3 AW
Join Date: Jul 2008
Location: NYC

Posts: 2,639
iTrader: (4)

We ran over the numbers. My buy out in the end is about 36,000. If I paid that all off at once I would ectually end up saving about a G. If I finance that amount I end up paying about 2 to 2500 more which is not bad at all. But I most likely would be paying that amount off.
gthirtyfizle is offline  
0
Reply With Quote
      08-01-2008, 09:50 AM   #4
chili cheese
Captain
 
chili cheese's Avatar
 
Drives: '13 E92 M3, Santorini Blue
Join Date: Jul 2007
Location: Southern CA

Posts: 958
iTrader: (6)

The key with leasing is to put as little down as possible and still negotiate a low money factor and good residual. Why would you put $10,000 down just to keep the monthly payments low? Hold onto that money and spread it out over the term of the lease, just my opinion.
chili cheese is offline  
0
Reply With Quote
      08-01-2008, 08:07 PM   #5
trucheli
Second Lieutenant
 
trucheli's Avatar
 
Drives: 2014 F32 435i
Join Date: Jan 2007
Location: Miami

Posts: 292
iTrader: (0)

Leasing is for people who cannot afford a car any other way

I can't believe people lease cars. That's the best deal for the dealer not you. If you have $10,000 to put down you need to finance, you can get 4.5% from Pentagon Federal Credit Union and even if you keep the car for 3 years like in a lease you will always come ahead. You don't need to be at the mercy of a dealer with miles penalties, wear and tear, tires and all these extra pricey charges.

People who leases cars are those who cannot afford them in the first place so the only way to get into a nice car is to do it through a lease.

The first option is to pay cash, second option half the value down payment and finance the rest through the lowest term possible.

As a financial advisor I rather be in control of my money than the dealer or the bank.
trucheli is offline   United_States
0
Reply With Quote
      08-01-2008, 09:00 PM   #6
AZ-BMW
Captain
 
AZ-BMW's Avatar
 
Drives: 2009 M3 E93 w/DCT
Join Date: Mar 2007
Location: Sunny, Warm AZ

Posts: 966
iTrader: (0)

Quote:
Originally Posted by gthirtyfizle View Post
Went to a bmw dealer in NYC today, looking in getting into a new M3. Basically we found an 09 with dual clutch tech package cold etc..
Thats interesting. I didn't think the factory had even started manufacturing the production 09s yet
You sure they were not trying to sell you a late production 08?
__________________

2009 AW M3 E93 - Black Novillo|DCT|ZTP|ZPP|752 Enh Audio|4UT|Heated Seats|6FL|6NF|
For jpg's: http://www.m3post.com/forums/showthr...=186382&page=4
Traded: 2007 335i E93
AZ-BMW is offline   United_States
0
Reply With Quote
      08-01-2008, 09:54 PM   #7
reinaldo335
First Lieutenant
 
reinaldo335's Avatar
 
Drives: m3 ZCP 6MT, on order 09 m3 6MT
Join Date: Aug 2007
Location: puerto rico

Posts: 351
iTrader: (0)

Thats interesting. I didn't think the factory had even started manufacturing the production 09s yet
You sure they were not trying to sell you a late production 08?




pure fantasy.
reinaldo335 is offline   Puerto Rico
0
Reply With Quote
      08-01-2008, 10:34 PM   #8
Sticky
Banned
 
Drives: E92 Jerez DCT M3
Join Date: Jan 2008
Location: Anaheim Hills / Malibu

Posts: 2,244
iTrader: (0)

That is a great amount off, a dealer in SoCal thought I was crazy asking for 5k off.
Sticky is offline   United_States
0
Reply With Quote
      08-02-2008, 01:00 AM   #9
M2381
Major
 
M2381's Avatar
 
Drives: E92 M3, GTI
Join Date: Feb 2008
Location: FL

Posts: 1,287
iTrader: (0)

I would def say don't lease if you don't have to but thats a pretty good amount off
__________________
M2381 is offline   United_States
0
Reply With Quote
      08-02-2008, 01:39 AM   #10
reinaldo335
First Lieutenant
 
reinaldo335's Avatar
 
Drives: m3 ZCP 6MT, on order 09 m3 6MT
Join Date: Aug 2007
Location: puerto rico

Posts: 351
iTrader: (0)

Quote:
Originally Posted by gthirtyfizle View Post
Went to a bmw dealer in NYC today, looking in getting into a new M3. Basically we found an 09 with dual clutch tech package cold etc.. Alpine White and red interior... Car came out to 69,400 was able to get it for 64000. Now I didnt sign any papers but basicalle I am planning to lease the car and buy it out, just so I can keep my payments lower. 10,000 down 700 a month? Good deal or not. Keep in mind I am deff buying out the car after the lease is up, main reason of doing this is keeping my payments low. We did the math and financing or leasing once the term is over it comes out to basically be even, if I were to pay the remainder off in full, if not like 2 gs more, which is not too bad. So what do u guys think. Im gonna keep shopping around tho.
please tell us about the car, is it 2009?
reinaldo335 is offline   Puerto Rico
0
Reply With Quote
      08-03-2008, 03:39 AM   #11
gthirtyfizle
Colonel
 
gthirtyfizle's Avatar
 
Drives: E92 M3 AW
Join Date: Jul 2008
Location: NYC

Posts: 2,639
iTrader: (4)

Not sure car is an 09, but today sales guy told me the car was still in Germany waiting to leave early next week and would be here in about three weeks. 3 other dealers were able to find the same exact car for me but said there was no way they could take thast much off. The most they went down was from 69025 to 66000. I think the car might be a late 08 production but in dual clutch
gthirtyfizle is offline  
0
Reply With Quote
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 09:04 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