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      09-11-2011, 12:36 PM   #1
MatNova
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2011 M3 Sedan Lease Rates? Anyone have updated?

I can find M3 coupe rates, but not new sedan lease rates?
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      09-11-2011, 07:12 PM   #2
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September rates are 0.00195. I was in at the dealership yesterday discussing it.
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      09-11-2011, 09:23 PM   #3
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Originally Posted by Merlosso View Post
September rates are 0.00195. I was in at the dealership yesterday discussing it.
what does it mean 0.00195? I never know how to calculate the leasing rate
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      09-11-2011, 09:29 PM   #4
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Quote:
Originally Posted by christopherchenm View Post
what does it mean 0.00195? I never know how to calculate the leasing rate
That's the money factor. The residual for the E90 is 60%. To make sense of it all, go here:

http://www.leaseguide.com
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      09-11-2011, 09:53 PM   #5
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I'm assuming sedan lease rates are about the same, probably a bit less though. What's a coupe run for, $900/month?
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      09-12-2011, 08:48 AM   #6
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Quote:
Originally Posted by Merlosso View Post
That's the money factor. The residual for the E90 is 60%. To make sense of it all, go here:

http://www.leaseguide.com

60% for how many months?
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      09-12-2011, 09:11 AM   #7
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Quote:
Originally Posted by christopherchenm View Post
Quote:
Originally Posted by Merlosso View Post
September rates are 0.00195. I was in at the dealership yesterday discussing it.
what does it mean 0.00195? I never know how to calculate the leasing rate

Multiply that number by 2400, and you get your APR.

0.00195 x 2400 = 4.68%
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      09-12-2011, 08:28 PM   #8
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I got .00284 and 63% residual? $798/month...feeling screwed.
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      09-12-2011, 09:35 PM   #9
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Quote:
Originally Posted by MatNova View Post
I got .00284 and 63% residual? $798/month...feeling screwed.
Bad Credit? What's your FICO?
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      09-12-2011, 09:42 PM   #10
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Quote:
Originally Posted by MatNova View Post
I got .00284 and 63% residual? $798/month...feeling screwed.
The rest is fine fine but the residual is kinda high... Unless $800/month is too much which I don't think it is for a $70k car.
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      09-12-2011, 10:13 PM   #11
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Originally Posted by M3crazy View Post
60% for how many months?
15k miles at 36 months.
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      09-13-2011, 02:02 PM   #12
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Over 720, excellent credit

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Originally Posted by matthewk View Post
Bad Credit? What's your FICO?
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      09-13-2011, 02:10 PM   #13
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Over 720, excellent credit
720 is not considered excellent credit in today's market.
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      09-13-2011, 02:16 PM   #14
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they didn't tell me what my credit was, I was guessing, but I know it's excellent. No credit card debt, pay bills on time, no home debt. I'm sure on this.

Quote:
Originally Posted by M3crazy View Post
720 is not considered excellent credit in today's market.
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      09-13-2011, 02:26 PM   #15
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Quote:
Originally Posted by MatNova View Post
they didn't tell me what my credit was, I was guessing, but I know it's excellent. No credit card debt, pay bills on time, no home debt. I'm sure on this.
Not trying to pick on you but have you ever had a car or house note before? If this is you first major debt with no history to back it, that could be a reason for the higher rate. If you have financed cars and or a home previously and your assessment of your credit history is accurate then you should be getting a lower rate.

Who is quoting you these rates? If it's you local BMW dealer they could simply be padding the numbers to make more money from you. Too many folks today simply focus on what they can afford as a monthly payment without realizing that they are in fact being screwed.
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      09-28-2011, 04:18 PM   #16
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Quote:
Originally Posted by M3crazy View Post
720 is not considered excellent credit in today's market.
says who? do you have a proof of that?
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      09-29-2011, 12:46 AM   #17
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I was offered $760 a month MSRP was $73k
36 Month/ 10K a year
Not bad at all if you ask me, I went with finance
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      09-29-2011, 02:07 AM   #18
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Is that zero down and with tax? Which state and was the car a coupe, sedan or convertible? That seems like a great deal.

Quote:
Originally Posted by hawkerdriver View Post
I was offered $760 a month MSRP was $73k
36 Month/ 10K a year
Not bad at all if you ask me, I went with finance
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      09-29-2011, 10:53 AM   #19
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Sorry.

It was for an E90 "sedan" $1250 down. CA including fees and taxes.
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      09-29-2011, 12:18 PM   #20
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Mine was $5k down on a $64k car 36mo/10k miles E90 $730.

Ended up buying a CPO 08.
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      10-02-2011, 10:36 PM   #21
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Quote:
Originally Posted by hawkerdriver View Post
Sorry.

It was for an E90 "sedan" $1250 down. CA including fees and taxes.
That seems super low.

what was MSRP?

Who did you get that from?

Lowest I found on a $73K sticker (discounted to $68,300K) was $917.80 (Includes 9.75% sales tax) with a MF of .00185 and about $1200 down ($2819 total drive off which includes reg, first month, and various little fees).
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      10-03-2011, 11:06 PM   #22
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760 is way too low..what dealer??
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