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
 
Strasse Wheels
Post Reply
 
Thread Tools Search this Thread
      12-31-2012, 09:04 AM   #1
thegeneral101
Colonel
United_States
30
Rep
2,302
Posts

 
Drives: '13 M3 LRE,'13 750Li
Join Date: Nov 2006
Location: Miami/Michigan

iTrader: (0)

Hows this deal for an M3 lease?

MSRP: $79,645
Sale price after rebates: $74,961
Residual 59%
MF: .00165
39mo
10k miles
$989/mo

+ they cover half of shipping cost

MF might be a bit high, but the deal seems fair since they are including shipping. Thoughts?
__________________
Appreciate 0
      12-31-2012, 09:21 AM   #2
chrisv_335EBII
Second Lieutenant
4
Rep
239
Posts

 
Drives: 335i 6sp EBII
Join Date: Oct 2012
Location: Maryland

iTrader: (0)

The 36 month lease will net you a lower monthly payment @ 62% residual for 10k/year.

The other thing you want to find out what is the acquisition fee (should be 725), dealer fee etc. The MF right now for the M3 is .00125. That is a high mark up....

It looks like you still have some negotiating to do.
Appreciate 0
      12-31-2012, 09:26 AM   #3
thegeneral101
Colonel
United_States
30
Rep
2,302
Posts

 
Drives: '13 M3 LRE,'13 750Li
Join Date: Nov 2006
Location: Miami/Michigan

iTrader: (0)

I just went back to them with this bid:

36mo, 10k, $0 down
Residual 62%
MF .00125
Sale price $75,000
MSRP: $74,645

Let's see what they say.
__________________
Appreciate 0
      12-31-2012, 09:59 AM   #4
thegeneral101
Colonel
United_States
30
Rep
2,302
Posts

 
Drives: '13 M3 LRE,'13 750Li
Join Date: Nov 2006
Location: Miami/Michigan

iTrader: (0)

ok, they countered with this.

39 month / 10,000 miles per year
Sale Price: $75,076.55
Money Factor: .00155
Residual: .59
Rebates: $1,500 Holiday Cash, $750 Loyalty, $300 Ultimate Drive App
Monthly Payment: $989.00 per month including FL 6% sales tax and registration

I told him get the payment to $980 and we probably have a deal. I do understand its a limited car, so they don't have to let it go.

I don't think I'm getting raped on the deal.
__________________
Appreciate 0
      12-31-2012, 11:51 AM   #5
B-52Gunner
Second Lieutenant
B-52Gunner's Avatar
United_States
4
Rep
208
Posts

 
Drives: 13' Jet Black E92 M3
Join Date: Nov 2009
Location: NY

iTrader: (0)

MSRP $79645
Negotiated Price $75076.55
Residual .59
Residual $46990.55
Negotiated price minus residual $75076.55-$46990.55=$28086
Monthly $28086/39 months=$720.15

MF ($75076.55+$46990.55)*.00155=$189.20

MF $189.20 + Monthly $720.15 = $909.35

Tax $909.35 * Tax .06 = $54.56

MONTHLY PAYMENT = $963.91
Appreciate 0
      12-31-2012, 11:57 AM   #6
thegeneral101
Colonel
United_States
30
Rep
2,302
Posts

 
Drives: '13 M3 LRE,'13 750Li
Join Date: Nov 2006
Location: Miami/Michigan

iTrader: (0)

^^ how the heck is he getting $989 then. Like the math btw,thanks
__________________
Appreciate 0
      12-31-2012, 12:06 PM   #7
NHman
Lieutenant
7
Rep
465
Posts

 
Drives: 2013 M3 MR ZCP DCT
Join Date: Apr 2012
Location: NorthEast

iTrader: (0)

Quote:
Originally Posted by thegeneral101 View Post
ok, they countered with this.

39 month / 10,000 miles per year
Sale Price: $75,076.55
Money Factor: .00155
Residual: .59
Rebates: $1,500 Holiday Cash, $750 Loyalty, $300 Ultimate Drive App
Monthly Payment: $989.00 per month including FL 6% sales tax and registration

I told him get the payment to $980 and we probably have a deal. I do understand its a limited car, so they don't have to let it go.

I don't think I'm getting raped on the deal.
Seems high plus never negotiate by establishing a agreed upon monthly lease payment. There is roughly $6k difference between MSRP and invoice. Add dollars above invoice and subtract available incentives. The base rate for 10k/36 on a M3 coupe is .00125. Don't go to 39 months. It is a way for the dealer to "reduce" the payment by extending the term.

I would have the dealer define all of the variables including MSRP, incentives applied, cost, acquisition fee, money factor and shipping cost. It is a limited production vehicle compared to a standard 3-series but it is also year-end and the M3 has been on the market since 2008.

Can you post the dealer link of the vehicle that you are considering?
Appreciate 0
      12-31-2012, 12:08 PM   #8
thegeneral101
Colonel
United_States
30
Rep
2,302
Posts

 
Drives: '13 M3 LRE,'13 750Li
Join Date: Nov 2006
Location: Miami/Michigan

iTrader: (0)

^^ LRE w/manual
__________________
Appreciate 0
      12-31-2012, 12:14 PM   #9
thegeneral101
Colonel
United_States
30
Rep
2,302
Posts

 
Drives: '13 M3 LRE,'13 750Li
Join Date: Nov 2006
Location: Miami/Michigan

iTrader: (0)

NHman, thanks for the help...can you explain the 36 vs 39 month more? I understand its lowering the payment a bit, but I mean either way I'm going to have a lease payment around 900-1000 for a while, so what does it really matter? Just trying to understand, and also giving you my reasoning.
__________________
Appreciate 0
      12-31-2012, 12:18 PM   #10
NHman
Lieutenant
7
Rep
465
Posts

 
Drives: 2013 M3 MR ZCP DCT
Join Date: Apr 2012
Location: NorthEast

iTrader: (0)

Quote:
Originally Posted by thegeneral101 View Post
NHman, thanks for the help...can you explain the 36 vs 39 month more? I understand its lowering the payment a bit, but I mean either way I'm going to have a lease payment around 900-1000 for a while, so what does it really matter? Just trying to understand, and also giving you my reasoning.
By extending the terms from 36 to 39 months the residuals will change. Currently for 10k per year @ 36 months, the residual is 62%. This will allow you to have a reasonable payment.

What is the exact configuration of the M3 that you are negotiating on? From this I can work out the math for a payment. I am not a CA or associated with any dealer. Simply put, I have gone through the leasing process a few times and know the process.
Appreciate 0
      12-31-2012, 12:21 PM   #11
thegeneral101
Colonel
United_States
30
Rep
2,302
Posts

 
Drives: '13 M3 LRE,'13 750Li
Join Date: Nov 2006
Location: Miami/Michigan

iTrader: (0)

^^ PM sent
__________________
Appreciate 0
      12-31-2012, 01:00 PM   #12
NHman
Lieutenant
7
Rep
465
Posts

 
Drives: 2013 M3 MR ZCP DCT
Join Date: Apr 2012
Location: NorthEast

iTrader: (0)

Quote:
Originally Posted by thegeneral101 View Post
^^ PM sent
Just responded.
Appreciate 0
      12-31-2012, 01:19 PM   #13
My E90
Captain
United_States
9
Rep
759
Posts

 
Drives: '13 E92 M3 6MT SSII
Join Date: May 2007
Location: South Floorida

iTrader: (2)

Use bmwconfig.com to play with the numbers but the money factor is .00125 and residual of 62% for a 36 month lease with 10K miles. Get them to explain why they are pushing you to a 39 month lease.

Hopefully you aren't dealing with one of the dealers down here in Miami. They DO NOT negotiate.

I just got a car for my wife at Ft Lauderdale BMW on Federal hwy at a few hundred over invoice with base MF and residuals.... and this was an ordered car.

PM me if you feel like giving it another try with a new sales person.
__________________
'13 M3 E92 SSII | 6MT | ZCP | ZPP | EPS | NAV | MPE | ED & PCD
Appreciate 0
      12-31-2012, 01:25 PM   #14
NHman
Lieutenant
7
Rep
465
Posts

 
Drives: 2013 M3 MR ZCP DCT
Join Date: Apr 2012
Location: NorthEast

iTrader: (0)

Quote:
Originally Posted by My E90 View Post
Use bmwconfig.com to play with the numbers but the money factor is .00125 and residual of 62% for a 36 month lease with 10K miles. Get them to explain why they are pushing you to a 39 month lease.

Hopefully you aren't dealing with one of the dealers down here in Miami. They DO NOT negotiate.

I just got a car for my wife at Ft Lauderdale BMW on Federal hwy at a few hundred over invoice with base MF and residuals.... and this was an ordered car.

PM me if you feel like giving it another try with a new sales person.
Not listed in the post but the OP wants the LRE w/ MT. This reduces the options to what is available and how much that specific dealer will negotiate. I agree, the lease should be base rate at 36 months. The buy price might be higher vs. a standard M3. It all depends on how the CA and/or Sales Mgr sees the value and/or wants to close year end.
Appreciate 0
      12-31-2012, 01:28 PM   #15
thegeneral101
Colonel
United_States
30
Rep
2,302
Posts

 
Drives: '13 M3 LRE,'13 750Li
Join Date: Nov 2006
Location: Miami/Michigan

iTrader: (0)

^^ trying for 36mo now
__________________
Appreciate 0
      12-31-2012, 01:38 PM   #16
thegeneral101
Colonel
United_States
30
Rep
2,302
Posts

 
Drives: '13 M3 LRE,'13 750Li
Join Date: Nov 2006
Location: Miami/Michigan

iTrader: (0)

So the dealer is saying they aren't going to change the MF in a 36mo lease...but the residual will go to 62%....so payment will be higher.

You still think thats a better option?

He also said that the program incentives for december are all based on 39mo
__________________
Appreciate 0
      12-31-2012, 01:38 PM   #17
///M Ryder
Grown Azz Man
///M Ryder's Avatar
United_States
49
Rep
2,558
Posts

 
Drives: 2011.5 Dinan ///M3
Join Date: Dec 2010
Location: Sugar Land

iTrader: (5)

As others have pointed out....push for 36 months. If the dealer is pushing you go 39 they must be getting some back end funding. Now they won't admit that to you so if they insist on 39 months try to get more off the selling price. Money factor is also negotiable...BMWFS dosen't set the drive off rate so don't let the dealer throw that your way...............Phil
__________________
2011.5 E92 Dinan///M3: SSII DCT- Comp, Prem 2, and Conv Pkg, Heated Seats, Enhanced Prem Sound, Edition Grills/Gills, M Performance Steering Wheel, Carbon Fiber Performance Spoiler, BMW Pedals, Dinan Exhaust, Dinan X-Pipe, Dinan Carbon Fiber Intake, Dinan Software Tune, Dinan DCT Tune, Dinan Pulley Kit, Dinan CH-R Wheels, Dinan Carbon Fiber Strut Tower Braces, Arkym Lip, IND M5 Mirror Caps, Carbon Reflectors, Lux H8 V3, Brembo 365mm BBK
Appreciate 0
      12-31-2012, 01:40 PM   #18
///M Ryder
Grown Azz Man
///M Ryder's Avatar
United_States
49
Rep
2,558
Posts

 
Drives: 2011.5 Dinan ///M3
Join Date: Dec 2010
Location: Sugar Land

iTrader: (5)

Too lazy to read all the post but are you trading in your current car? If so make sure to maximize your trade and the tax credit.........Phil
__________________
2011.5 E92 Dinan///M3: SSII DCT- Comp, Prem 2, and Conv Pkg, Heated Seats, Enhanced Prem Sound, Edition Grills/Gills, M Performance Steering Wheel, Carbon Fiber Performance Spoiler, BMW Pedals, Dinan Exhaust, Dinan X-Pipe, Dinan Carbon Fiber Intake, Dinan Software Tune, Dinan DCT Tune, Dinan Pulley Kit, Dinan CH-R Wheels, Dinan Carbon Fiber Strut Tower Braces, Arkym Lip, IND M5 Mirror Caps, Carbon Reflectors, Lux H8 V3, Brembo 365mm BBK
Appreciate 0
      12-31-2012, 01:41 PM   #19
thegeneral101
Colonel
United_States
30
Rep
2,302
Posts

 
Drives: '13 M3 LRE,'13 750Li
Join Date: Nov 2006
Location: Miami/Michigan

iTrader: (0)

Quote:
Originally Posted by ///M Ryder View Post
Too lazy to read all the post but are you trading in your current car? If so make to maximize your trade and the tax credit.........Phil
nope, turning in my current lease at a completely different dealer.
__________________
Appreciate 0
      12-31-2012, 01:43 PM   #20
///M Ryder
Grown Azz Man
///M Ryder's Avatar
United_States
49
Rep
2,558
Posts

 
Drives: 2011.5 Dinan ///M3
Join Date: Dec 2010
Location: Sugar Land

iTrader: (5)

Quote:
Originally Posted by thegeneral101 View Post
nope, turning in my current lease at a completely different dealer.
Hold on before you do that......If your current car is in good condition see if the dealer will buy it from you as opposed to lease ending it. You are giving up a tax credit that could save you a hefty amount of money.........Phil
__________________
2011.5 E92 Dinan///M3: SSII DCT- Comp, Prem 2, and Conv Pkg, Heated Seats, Enhanced Prem Sound, Edition Grills/Gills, M Performance Steering Wheel, Carbon Fiber Performance Spoiler, BMW Pedals, Dinan Exhaust, Dinan X-Pipe, Dinan Carbon Fiber Intake, Dinan Software Tune, Dinan DCT Tune, Dinan Pulley Kit, Dinan CH-R Wheels, Dinan Carbon Fiber Strut Tower Braces, Arkym Lip, IND M5 Mirror Caps, Carbon Reflectors, Lux H8 V3, Brembo 365mm BBK
Appreciate 0
      12-31-2012, 01:44 PM   #21
thegeneral101
Colonel
United_States
30
Rep
2,302
Posts

 
Drives: '13 M3 LRE,'13 750Li
Join Date: Nov 2006
Location: Miami/Michigan

iTrader: (0)

Quote:
Originally Posted by ///M Ryder View Post
Hold on before you do that......If your current car is in good condition see if the dealer will buy it from you as opposed to lease ending it. You are giving up a tax credit that could save you a hefty amount of money.........Phil
I'm getting a good deal on the lease turn in. Dealer is covering swapping exhausts (and re-welding x-pipe) and tires.
__________________
Appreciate 0
      12-31-2012, 01:47 PM   #22
thegeneral101
Colonel
United_States
30
Rep
2,302
Posts

 
Drives: '13 M3 LRE,'13 750Li
Join Date: Nov 2006
Location: Miami/Michigan

iTrader: (0)

they got back to me on the 36mo lease....the same MF, and the higher residual come to $989/mo as well
__________________
Appreciate 0
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 07:46 AM.




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