M3 Lease price

mrivc211 · 05-14-2008, 09:32 PM

Ok, back in 04' I leased my M3 for 36 months 12k/yr 3800 out of pocket for 799/month tax included. The sticker price was $62500.

Does anyone think I can get the new M3 with 5000 out of pocket 36 months for $900/month? The sticker on the one want now is 63500. I figure an extra 100 per month is 3600 extra for the dealer and the extra 1200 down will take care of the price increase. Anyone? I don't mind waiting a few months for the hype to die down. The website quotes it at $1047/month.

par4bmw · 05-14-2008, 09:46 PM

Quote:

Originally Posted by Laszlo

Yeah, or even a bit better. There are so many of these things sitting on the lots you have a lot of leverage to get a good deal. Take advantage of it now.

You can even lease an M5 for about 1100 with 10K down. They're suffering.

I don't know. I think your payment will be lower since they should knock a little off of MSRP, but I do not believe the dealer can just change the lease factors BMW Financial sets. They have incredible lease deals on most models right now. Unfortunately, the M3 is not one of them. Probably another reason besides the economy why so many are sitting on the lots. You can lease an M6 for about the same.

BMoney · 05-15-2008, 04:52 AM

I'm paying $969 for 36 months with 3K total down on an e90 M3 with an MSRP of $63975. I'd say you can get close but the residuals have dropped 2% this month.

grizzy727 · 05-15-2008, 07:31 AM

yeah i looked at 69k selling for 66k 1k a month 24 month and a lil more for 36 month -- 4700 at the door
Considering M5 as well same 4700 is 1300 for 2 or 3 yrs
Mike

drburton · 05-15-2008, 07:50 AM

leasecompare.com has a better deal than BMW. My specs on an M3 sedan get me to an MSRP of $62,275. With a downpayment of $3500 the lease payment is $872. Add tax (minnesota) gets me to $928. Due at signing $4372

nlpamg · 05-15-2008, 12:42 PM

Quote:

Originally Posted by Laszlo

Yeah, or even a bit better. There are so many of these things sitting on the lots you have a lot of leverage to get a good deal. Take advantage of it now.

You can even lease an M5 for about 1100 with 10K down. They're suffering.

why would you put 10k down on a lease? now that's just stupid.

E394KEN · 05-15-2008, 12:59 PM

Yeah bro, maybe tax and license and thats it. 10,000 for a lease is beyond excessive, consider a purchase with that money down. Thats money that goes directly to the stealer.

Sedan_Clan · 05-15-2008, 02:13 PM

Hmmm, I wonder how many people are leasing ///M3's for under 1000.00 a month.

nlpamg · 05-15-2008, 02:56 PM

Quote:

Originally Posted by Sedan_Clan

Hmmm, I wonder how many people are leasing ///M3's for under 1000.00 a month.

probably not many. or if there are, they're probably leasing sedans with very little to no options.

what bugs me about the lease price of the M3 is that for not too much more, I could just finance it... and I think that's what I'm going to do.

mrivc211 · 05-15-2008, 04:41 PM

I dunno, I've noticed A LOT of ppl buying this car rather than leasing. In my situation, I don't like to have a car for more than 3 years max! So for me to buy this car, and take most of the hit in the first two years would kill my wallet. If your up for keeping it for 5+ years, it makes sense to buy. At the end of 3 years, I just hand them the keys to the old one, get the keys to a new one, and off I go!

So far, the best deal I've found is 5K down, 36 months, 10K/yr, $941/month out the door. Sticker is $64,175(guzzler included). Me thinks if I just wait till the summer hype is over I might be able to snag it at the 900 range, which is more of a less guilt issue for me.

Sedan_Clan · 05-15-2008, 05:35 PM

Quote:

Originally Posted by mrivc211

I dunno, I've noticed A LOT of ppl buying this car rather than leasing. In my situation, I don't like to have a car for more than 3 years max! So for me to buy this car, and take most of the hit in the first two years would kill my wallet. If your up for keeping it for 5+ years, it makes sense to buy. At the end of 3 years, I just hand them the keys to the old one, get the keys to a new one, and off I go!

So far, the best deal I've found is 5K down, 36 months, 10K/yr, $941/month out the door. Sticker is $64,175(guzzler included). Me thinks if I just wait till the summer hype is over I might be able to snag it at the 900 range, which is more of a less guilt issue for me.

My thinking exactly!

05-14-2008, 09:32 PM	#1
mrivc211 Aviation/Car Enthusiast 32 Rep 71 Posts Drives: 2015 SO M4 Join Date: Aug 2005 Location: Irvine, Ca iTrader: (0)	M3 Lease price Ok, back in 04' I leased my M3 for 36 months 12k/yr 3800 out of pocket for 799/month tax included. The sticker price was $62500. Does anyone think I can get the new M3 with 5000 out of pocket 36 months for $900/month? The sticker on the one want now is 63500. I figure an extra 100 per month is 3600 extra for the dealer and the extra 1200 down will take care of the price increase. Anyone? I don't mind waiting a few months for the hype to die down. The website quotes it at $1047/month.
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05-15-2008, 04:52 AM	#3
BMoney Second Lieutenant 48 Rep 297 Posts Drives: 2020 BMW X3MC, 2019 Audi TT RS Join Date: Nov 2006 Location: NOVA iTrader: (0)	I'm paying $969 for 36 months with 3K total down on an e90 M3 with an MSRP of $63975. I'd say you can get close but the residuals have dropped 2% this month.
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05-15-2008, 07:31 AM	#4
grizzy727 Private 25 Rep 90 Posts Drives: 21 X3m, 20 XC90,18 JLU, 04 911 Join Date: Jul 2007 Location: NNJ iTrader: (0)	yeah i looked at 69k selling for 66k 1k a month 24 month and a lil more for 36 month -- 4700 at the door Considering M5 as well same 4700 is 1300 for 2 or 3 yrs Mike
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05-15-2008, 07:50 AM	#5
drburton Lieutenant 116 Rep 468 Posts Drives: e92 M3 Alpine Join Date: Feb 2008 Location: Minneapolis iTrader: (3)	leasecompare.com has a better deal than BMW. My specs on an M3 sedan get me to an MSRP of $62,275. With a downpayment of $3500 the lease payment is $872. Add tax (minnesota) gets me to $928. Due at signing $4372
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05-15-2008, 12:59 PM	#7
E394KEN M3//4KEN 10 Rep 409 Posts Drives: E46 M3 & E90 335i (Woosh!) Join Date: Jun 2005 Location: Ventura, CA iTrader: (0)	Yeah bro, maybe tax and license and thats it. 10,000 for a lease is beyond excessive, consider a purchase with that money down. Thats money that goes directly to the stealer.
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05-15-2008, 02:13 PM	#8
Sedan_Clan Law Enforcer 25294 Rep 22,322 Posts Drives: '22 Chalk Gray Porsche C2S Join Date: Jun 2006 Location: ..in your rearview!!! iTrader: (26)	Hmmm, I wonder how many people are leasing ///M3's for under 1000.00 a month.
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05-15-2008, 04:41 PM	#10
mrivc211 Aviation/Car Enthusiast 32 Rep 71 Posts Drives: 2015 SO M4 Join Date: Aug 2005 Location: Irvine, Ca iTrader: (0)	I dunno, I've noticed A LOT of ppl buying this car rather than leasing. In my situation, I don't like to have a car for more than 3 years max! So for me to buy this car, and take most of the hit in the first two years would kill my wallet. If your up for keeping it for 5+ years, it makes sense to buy. At the end of 3 years, I just hand them the keys to the old one, get the keys to a new one, and off I go! So far, the best deal I've found is 5K down, 36 months, 10K/yr, $941/month out the door. Sticker is $64,175(guzzler included). Me thinks if I just wait till the summer hype is over I might be able to snag it at the 900 range, which is more of a less guilt issue for me.
	Appreciate 0 Quote