HELP! Purchase E92 M3 w/V8 or wait for next gen F82 M4 w/V6

[parham2652]

EDIT 8: Let's just see how things are when my lease is up. I don't want to buy a car that is going to be old in a year.


So as you can see, I drive an E92 LCI 328 alpine white on coral red pretty much fully equipped.

I love my car and haven't had any really bad complaints with it (currently 7 months since lease began; now at about 6k miles)

My lease is for 3 years and my sister wants to get a BMW just like mine (she won't need a car until around June/July).

So I was thinking of ordering an E92 M3 with the naturally aspirated V8 around May/June (and waiting the long 2 months again), because the rumor that the next gen M3, the M4, will have V6 engine with twin turbo.
http://www.f30post.com/forums/showthread.php?t=582941


I know a V6 will save on fuel consumption, but I do not care about that.

What do you guys think?
Wait for the F82 M4 and get it when my lease is up (January 2014) or order an E92 M3 in May/June?

EDIT 1:
the thing that I am worried about is that production will stop for the E92 M3 in June...
http://www.m3post.com/forums/showthread.php?t=542482

EDIT 2:
If I were to get an M3, it would be to buy a it with the options I want (like how I did for the 328i).
I am considering European Delivery too.

Money is not an issue.

EDIT 3:
So after thinking for some time and getting comments from different people, I think I should just go with a 3 year lease on an E92 M3 and going from there. Thoughts on that?

EDIT 4:
Thanks everyone for opinions and votes. I think I am going to lease an E92 M3 in either Jerez Black or Jet Black with Fox Red/Black/Black interior and carbon fiber trim nicely equipped around May/June for 3 years. Do some basic cosmetic mods along with adding camera in the front so I can be sure bumper is safe when parking and just enjoy it! Thanks!

EDIT 5:
I'm swaying back and forth on the situation. As of now, I will just go along with my 328i coupe (as I am extremely happy with it) and go from there once my lease is finished (January 2014. I might just buy my current car at the end of the lease if the new body of the 3/4 series fails to impress me as much as the current generation. Even if I do like the new design, I will probably wait one or two years for the M4 (or whatever it's called) to evolve (little tweaks and fix issues) and then buy it and do European Delivery (around 2015-2016). If it is possible and worth extending my lease, that's an option too.

EDIT 6:
A used 2011 e93 m3 is starting to seem appealing to me especially because the weather in LA is beautiful.
(to buy when my lease finishes in early 2014 assuming the new M4 is not what I am looking for and I do not get sick of the e92/e93 design;
I just love the current design!!!)

EDIT 7: So after seeing the awesome renderings of the M4 (http://www.f30post.com/forums/showthread.php?t=609964) I am going to wait. I am not a huge fan of the design, but I want the upgraded interior and new features like head-up display and cameras. When I think of it though, not a big deal. So let's see how the F30 is when it comes out. Maybe that will help me decide. I am running against the clock here though as production is ending soon!!! *thinking of an e92 M3 white on red (yes I know, again. lol. it's just the sexiest combo)

[GOLFFRR]

You could get both? the new one prob won't be out for sometime. In the mean time you can enjoy the last of the v8 beast! I have had a lot of BMW and this by far is my favorite. Whatever you decide GL and let us know if you need any assistance.

[parham2652]

the thing that I am worried about is that production will stop for the E92 M3 in June...
http://www.m3post.com/forums/showthread.php?t=542482

[Prince_of_Persia]

Parham, are you persian? I can see you and your family are addicted to BMWs like most other Persians! Definitely get the e92 M3, it is a beast and you will love it! It most probably will be the only M3 ever produced with V8. Consider getting CPO if you want to save money, and definitely talk to Golffrr as most people who dealt with him are pretty happy!
GL

[Foodle]

You haven't even been in your current car for a year. It doesn't seem like a good idea to switch unless you can get a really good deal on the M3. I presume that your sister would take over your 328 lease. Would you lease the M3?

I don't want to turn this into one of those "you can't afford it" threads, but you do have to carefully balance your need vs want ratio against your own financial situation.

[1MOREMOD]

both?

[parham2652]

Thanks for the feedback everyone! Below are my replies...

Originally Posted by GOLFFRR

You could get both? the new one prob won't be out for sometime. In the mean time you can enjoy the last of the v8 beast! I have had a lot of BMW and this by far is my favorite. Whatever you decide GL and let us know if you need any assistance.

don't need two cars. want to stick with one. and I dont mind waiting either, i just need to decide which is better (even though we dont know much about the M4 yet)

Originally Posted by Prince_of_Persia

Parham, are you persian? I can see you and your family are addicted to BMWs like most other Persians! Definitely get the e92 M3, it is a beast and you will love it! It most probably will be the only M3 ever produced with V8. Consider getting CPO if you want to save money, and definitely talk to Golffrr as most people who dealt with him are pretty happy!
GL

haha yeah Persian as you can tell by my name. and i dont want to buy used. I want to get a new car and drive it for at least a good 5-6 years and do some worthy mods to it. after i want to keep it for like a classic car. i dont think i would want to sell it ever

Originally Posted by Foodle

You haven't even been in your current car for a year. It doesn't seem like a good idea to switch unless you can get a really good deal on the M3. I presume that your sister would take over your 328 lease. Would you lease the M3?

I don't want to turn this into one of those "you can't afford it" threads, but you do have to carefully balance your need vs want ratio against your own financial situation.

true I havnt been with my car for a full year. by the time i want to get the m3, I will have been with my car for 1.5 yrs. my sister wants the same car, so no point of having two of the same cars in same color combos and packages, etc. so that's why i was thinking of getting a different car because she will gladly take over my lease. and I would buy the M3 new. I would drive it for at least a good 5-6 years and do some worthy mods to it. after i would want to keep it for like a classic car. i dont think i would ever want to sell it

Also, I hear your point about the money and it's a very valid point indeed, but for my purposes that will not be an issue that will be factored into purchasing the M3 brand new.

Originally Posted by chriszeh

both?

don't need two cars. want to stick with one. and I dont mind waiting either, i just need to decide which is better (even though we dont know much about the M4 yet)

[SchnellM3]

Go for the E9x


I still cant get over the fact that the next gen will be called the M4, I end up doing double takes every time I read it

[mkoesel]

Originally Posted by parham2652

don't need two cars. want to stick with one. and I dont mind waiting either, i just need to decide which is better (even though we dont know much about the M4 yet)

You are missing the point. The M4 is still more than three years away. Lease an E92 M3 now, and when the lease is up, lease a new M4. Problem solved, end thread.

[parham2652]

Originally Posted by mkoesel

You are missing the point. The M4 is still more than three years away. Lease an E92 M3 now, and when the lease is up, lease a new M4. Problem solved, end thread.

haha nice point. I think I will do that. but that was not my original way of thinking. I was thinking that I want to keep the naturally aspirated V8 engine M3. That's why I was thinking of buying an M3.

But I'm realizing I will probably want to upgrade or get a different color combo by my 3rd or 4th year with the car and so it will be pointless to buy.

[Team Plutonium]

Originally Posted by mkoesel

You are missing the point. The M4 is still more than three years away. Lease an E92 M3 now, and when the lease is up, lease a new M4. Problem solved, end thread.

This.

[-=Hot|Ice=-]

Don't miss out on the last N/A V8 M3. The noise the engine makes alone is worth it.

[esquire]

I have a feeling we're going to be seeing a LOT more of these types of threads in the coming months.

p.s. you can take european delivery on a lease.

[parham2652]

Originally Posted by SehrSchnell

This.

read my reply above

Originally Posted by -=Hot|Ice=-

Don't miss out on the last N/A V8 M3. The noise the engine makes alone is worth it.

what are you suggesting? lease or buy?

Originally Posted by esquire

I have a feeling we're going to be seeing a LOT more of these types of threads in the coming months.

p.s. you can take european delivery on a lease.

same. someone stick this then.
I know I can still take ED, but will it be that much of a discount justifying traveling to Europe? because with buying the car the discount seems pretty high so I am inclined to travel to Europe. If it is just like $2-3k off on a lease, I feel like it's not worth it (I wouldn't go alone either).

Also, what's your opinion esquire? Buy an E92 M3 or lease it for 3 years and go from there?

[-=Hot|Ice=-]

Originally Posted by parham2652

read my reply above




what are you suggesting? lease or buy?




same. someone stick this then.
I know I can still take ED, but will it be that much of a discount justifying traveling to Europe? because with buying the car the discount seems pretty high so I am inclined to travel to Europe. If it is just like $2-3k off on a lease, I feel like it's not worth it (I wouldn't go alone either).

Also, what's your opinion esquire? Buy an E92 M3 or lease it for 3 years and go from there?

Personally, I'd lease. Then if you want to upgrade, you can make the switch. I'm planning on leasing and buying at the end of the lease just because the engine is so unique....and it will probably be modded.

[parham2652]

Originally Posted by -=Hot|Ice=-

Personally, I'd lease. Then if you want to upgrade, you can make the switch. I'm planning on leasing and buying at the end of the lease just because the engine is so unique....and it will probably be modded.

that's what I was thinking of doing, but isn't it much cheaper to decide before you lease if you want to buy?

[mkoesel]

Originally Posted by parham2652

because with buying the car the discount seems pretty high so I am inclined to travel to Europe.

There is just one price for the car, regardless of how you pay. The discount with a lease will be the same as if you buy. If you order from one of the forum sponsors at about ED invoice price, you should save at least 6k or so, and maybe up to 8k. I think it is about a 14% discount off the normal MSRP.

[parham2652]

Originally Posted by mkoesel

There is just one price for the car, regardless of how you pay. The discount with a lease will be the same as if you buy. If you order from one of the forum sponsors at about ED invoice price, you should save at least 6k or so, and maybe up to 8k. I think it is about a 14% discount off the normal MSRP.

True, but I won't save $6k-8k if I lease. The discount is a percentage.
Btw, I have seen that 14% off somewhere else too, so I think you are right.

[parham2652]

I have been searching the forums, but still a bit confused.
How does PCD work? Better than ED? Cheaper? Discount? any summary pls?
Thanks!

EDIT:
Never mind found it finally.
But, what is the best program available to learn how to drive the car and take it to its limits.
I want to learn how to professionally drift, etc.
Does BMW offer a program like that?

[JulieDriving]

Originally Posted by parham2652

that's what I was thinking of doing, but isn't it much cheaper to decide before you lease if you want to buy?

I would think that depends on the interest rate.

• Say, interest rate with lease is lower. EDIT: lower than financing
• EDIT: This doesn't apply if you have the cash to pay the car upfront. Paying no interest is the best thing. Unless the finance/ lease rates are pretty low and you like keeping the cash available. (Or because you can get a better return in another way, etc.)
• Pay the lease payment on a monthly basis, which in total equates to the depreciation amount with the lower interest rate.
• When the lease is over, you can decide if you want to keep it or buy it out.
• If you want to buy it out, pay cash and voila, you have not spent more.
• Key is to negotiate based on total price of car, from invoice up, regardless of method of paying for it.
• In addition, if your car gets damaged during the lease period, you don't swallow any of the depreciation if you give it back. I may be paranoid, but this has happened to me. Then I decided to try leasing and did as I described above.

This won't work if the lease rate is not attractive though.

[JulieDriving]

Originally Posted by esquire

I have a feeling we're going to be seeing a LOT more of these types of threads in the coming months.

Agreed. Maybe OP's thread should be stickied or something.

Especially as we get new spyshots of the new M3/M4 and new videos of its sound.

[esquire]

Originally Posted by parham2652

Also, what's your opinion esquire? Buy an E92 M3 or lease it for 3 years and go from there?

i agree with what most others in this thread have said. leasing the car presents a win/win situation for you. in the event that you love the next gen m3/m4 you can return the car upon lease-end (or even earlier). in the event that the m3/m4 ends up being a disappointment to you, you can just stick with the leased current gen M3 and buy it out at the end of the term.

i wouldn't buy the e92 M3 outright at this point if you are also seriously considering buying the next gen M3/M4.

re: financing, if you end up leasing the car, ED might not be the route to go. obviously you won't realize the full ED savings unless you end up purchasing the lease at the end of the term. not to mention that ED takeks 3 months from beginning to end. maybe the move here for you is to negotiate an M3 at a few cents above invoice.

- esquire