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      09-09-2010, 01:23 PM   #1
vqtt
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leasing priced out .

hey guys i went to the dealership yesterday and this is what i got .

2011 m3 coupe
aw
fox red novillio non extended leather
alum interior trim
navigation
M Double-clutch Transmission with Drivelogic
cold weather package .
$67.275
down payment on lease was 6k .
and my payment would be 950/m with 12k miles per year ?

is that too much or that's a decent price ?
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      09-09-2010, 02:25 PM   #2
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With the options you listed, MSRP is ~$69k and invoice is ~$63k. You paid about $4k over invoice. Most deals considered "good" are up to $1500 over invoice. You shouldn't be putting anything as a down payment on a lease.
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      09-09-2010, 02:32 PM   #3
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Quote:
Originally Posted by m3inwaiting View Post
With the options you listed, MSRP is ~$69k and invoice is ~$63k. You paid about $4k over invoice. Most deals considered "good" are up to $1500 over invoice. You shouldn't be putting anything as a down payment on a lease.
+1. You can do a lot better as far as the purchase price. And if you want to put money down to lower the payment, ask your CA about Multiple Security Deposits (MSDs). Do a search to learn more as the topic has been discussed at length here and on the 5er boards. Generally speaking, putting money down as cap cost reduction is a bad idea because you lose the down payment in the event of a total loss.
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      09-09-2010, 02:48 PM   #4
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Still trying to understand the details of leasing better. How do MSD's lower the payment, does it buy you a better MF?
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      09-09-2010, 02:56 PM   #5
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You can put down up to 7 security deposits that will lower your money factor .00007 per deposit.
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      09-09-2010, 03:26 PM   #6
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Quote:
Originally Posted by m3inwaiting View Post
You can put down up to 7 security deposits that will lower your money factor .00007 per deposit.
And the security deposits are equal to your projected monthly payment rounded to the nearest $50. The security deposits are fully refundable at the end of the lease less any excess wear charges.
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      09-09-2010, 04:37 PM   #7
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Yup. That's exactly what I'm doing with the leasing of my new e92 m3. At the end of the lease I will be getting security deposit back.
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      09-09-2010, 04:42 PM   #8
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Quote:
Originally Posted by vqtt View Post
hey guys i went to the dealership yesterday and this is what i got .

2011 m3 coupe
aw
fox red novillio non extended leather
alum interior trim
navigation
M Double-clutch Transmission with Drivelogic
cold weather package .
$67.275
down payment on lease was 6k .
and my payment would be 950/m with 12k miles per year ?

is that too much or that's a decent price ?

A good deal would be car at invoice,but up to 1 k over invoice would be a pretty good deal not 4 k over invoice.
On a lease never put money down even put your taxes in payment. Only money you should put down if you want is as said above MSDs. From what I know any money used as a down payment if anything happenes to car stolen and not recovered or totaled you lost your down payment. Just put up the fees bank, dest,ect.
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      09-09-2010, 05:26 PM   #9
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Invoice price based on the MSRP you posted is....

$62633.02
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      09-10-2010, 06:37 PM   #10
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Zero down (drive off includes 1st month, $725 acquisition, security, license fees ~$50), $718 per month on a $67.5K coupe. ED though. IMHO worth the flight to Munich. Scrap ED, zero down and $810 per month is where you want to be. Your deal is not bad, its a rip off*.

If DCT reduces residual, then maybe my numbers a re bit off. They also assume 10K per year. But that is only 1%...
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      09-11-2010, 11:28 AM   #11
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Quote:
Originally Posted by username11 View Post
$718? Could you please post your numbers? Seems low..

Here's the deal I'm working on a 64K ED M3 ZCP, Carbon, Metallic (7 MSDs):

US MSRP: 64125
ED INV PRICE: 53195
+500 OVER INVOICE: 500
+DEST CHARGE: 875
+GUZZLER TAX: 1300
+BANK FEE: 725
= CAP COST: 56595

MF = .00185
RESIDUAL = 59

PAYMENT W/ 6% TAX = 737.57

Agree that the OP's deal is a rip off.
Your money factor seems a little high with 7 MSDs. Base MF = .00180 + .0003 for ED = .0021 - 7 MSDs @ .0007 (.0049) = .00161
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      09-11-2010, 12:28 PM   #12
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Quote:
Originally Posted by username11 View Post
$718? Could you please post your numbers? Seems low..

Here's the deal I'm working on a 64K ED M3 ZCP, Carbon, Metallic (7 MSDs):

US MSRP: 64125
ED INV PRICE: 53195
+500 OVER INVOICE: 500
+DEST CHARGE: 875
+GUZZLER TAX: 1300
+BANK FEE: 725
= CAP COST: 56595

MF = .00185
RESIDUAL = 59

PAYMENT W/ 6% TAX = 737.57

Agree that the OP's deal is a rip off.
Mine is before taxes as they all differ, so take these out to compare apples to apples. Is your payment from your own spreadsheet or dealer. I am pretty sure you are not calculating your residual correctly. Rememerb, its based on the US MSRP.
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      09-11-2010, 12:53 PM   #13
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Lease BMW M3 Coupe ED
MSRP $67,405
ED MSRP $63,315
Invoice $58,355
Profit $445
Cap Reduction $-
Res % 60%
Residual $40,443
Term 36
Bank Fee in lease $-
Money Factor 0.00210
5.04%
Cap Cost $58,800
Depreciation $510
Interest $208
Base Monthly Payment $718
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      09-11-2010, 05:29 PM   #14
vqtt
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i'm just gonna go to a different dealership and try to work a better deal . thanks everyone for the advice .
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      09-18-2010, 01:33 PM   #15
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i will be getting a lease quote from kevin (david aviles friend) in an hour, will let you no as soon as he gets back!
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