OFFICIAL June 2011 BMW FS Rates & Residuals

[kaykay]

The residuals for June 2010 MY2011 M3 Coupe/Sedan/Convertible remain the same.

The MF is now .00200

The financing rate is 2.90%

Rates are good until 6/30/10

[m2kev]

Thanks for the info, I might pick one up mid month.

[301Bimmer9]

Thanks! I'm supposed to take delivery the last week of June. I may wait until the first week of July just to see if it gets even better.

[richardbb85]

Originally Posted by kaykay

The residuals for June 2010 MY2011 M3 Coupe/Sedan/Convertible remain the same.

The MF is now .00200

The financing rate is 2.90%

Rates are good until 6/30/10

would you still stand by leasing the car? or is financing okay?

[kaykay]

Originally Posted by richardbb85

would you still stand by leasing the car? or is financing okay?

It's up to you, Richard.

I would personally lease as I have been for the past 10+ years.

I like to drive a new car every 2-3 years and it works out best for me to lease. You don't have to worry about the massive depreciation vehicles take, you don't have to worry about extended maintenance and you don't have to worry about selling the car for change 6 years down the road. Remember, cars are some of the worst investments you can make.

If you plan on keeping the car for 5+ years than I would definitely say finance.

[stevenross]

Originally Posted by kaykay

The residuals for June 2010 MY2011 M3 Coupe/Sedan/Convertible remain the same.

The MF is now .00200

The financing rate is 2.90%

Rates are good until 6/30/10

thanks for the info..

does anyone know what the residuals are for june?

Steve

[richardbb85]

"The residuals for June 2010 MY2011 M3 Coupe/Sedan/Convertible remain the same."

did you read, lol

[stevenross]

Originally Posted by richardbb85

"The residuals for June 2010 MY2011 M3 Coupe/Sedan/Convertible remain the same."

did you read, lol

lol
thanks.. i looked right past it..

S

[Leonardo629]

thanks for the good news....so now my rate is .00151 after the MSDs...even BETTER!

[DefBringer]

I'm seeing about a $50 difference per month between .00200 and .00151 for a 36 month lease on a $66,000 sale-price E92. Can someone please confirm that this sounds about right?

[richardbb85]

how you get .00151?

[DefBringer]

Originally Posted by richardbb85

how you get .00151?

He put down multiple security deposits. Someone speculated in the other thread that these deposits might have been $1000 each....and he put down 7 of them.

[IbanezGod]

HAHAHAHAHAHAH YESSSSSSSSSSSSSSSS!!!

May was 3.9%
June is 2.9%

Sweeeeeeeeeeeeeeeeeeeeeeeet! Just saved myself a few bucks!

Thanks guys!!!

[graves4r6]

I see .9% APR. It is only for SoCal?

[IbanezGod]

Originally Posted by graves4r6

I see .9% APR. It is only for SoCal?

for 24 months.

[kaykay]

Originally Posted by DefBringer

He put down multiple security deposits. Someone speculated in the other thread that these deposits might have been $1000 each....and he put down 7 of them.

Which is $7,000 down in other words, in addition to other costs. And if you total the car you don't get them back.

MSD's aren't the wisest move, you're still $7k (in this case) out of pocket and some dealers actually don't like accepting MSD's from customers. The reason being that if the customer totals the car, the dealer has to eat the MSD's. Some are very hesitant, I don't blame them.

If you're leasing a car, the check you sign at the dealership should not be more than $3k.

[shakan]

Originally Posted by kaykay

Which is $7,000 down in other words, in addition to other costs. And if you total the car you don't get them back.

MSD's aren't the wisest move, you're still $7k (in this case) out of pocket and some dealers actually don't like accepting MSD's from customers. The reason being that if the customer totals the car, the dealer has to eat the MSD's. Some are very hesitant, I don't blame them.

If you're leasing a car, the check you sign at the dealership should not be more than $3k.

This is a bit misleading, putting money down is not the same as putting MSDs - they are refundable whether you total the car or not. As for being wise or not - if each MSD lowers my monthly payment by 8-9 dollars on a 850 monthly payment, that's a 100 savings per year, which is over 10% return. If you know where to invest your money at 10% or more, more power to you but it's not as dumb as you make it sound.

[Leonardo629]

I agree with shakan 100%...

I would think the MSDs are only lost if you defaut on the lease payments...which makes sense. But if the car is totaled in an accident...well...insurance will cover the loss.

I forgot the ROI if you put down MSDs on a M3, but it works out to be more than 10% since the depreciation is higher on a M3.

[kaykay]

Lots of dealerships will not let you put down MSDs. Whether you agree with it or not, it's reality.

Personally, when I lease a new vehicle, I'm not trying to spend $10k out of pocket whether I get it back in 3 years or not. You guys are talking about ROI like you're investing in a stock. This is a car lease, the goal of a lease is to keep the payments to a MINIMUM while keeping the initial signing costs at a MINIMUM.

You want to put down $7k on MSD, be my guest. There are 100 other places I'd rather put $7k than a car lease.

It's humorous how so many people are trying to save $5 / month on a $80k car. $5 doesn't even buy a juice these days.

To each his own.

[shakan]

Chances are someone who is looking at a 70-80K car can afford to put 7000 of his cash that he normally keeps in a savings account at 3-4% in 24-36 mo "deposit" that earns him 8-10%. I've dealt with several dealerships in the Southeast and not a single one has refused the MSD option, those that don't want to deal with them are free to do so, just as I am free not to do business with them. The program has value and is not a ripoff as in "if you total the car you don't get them back" and many customers have taken advantage of it saving 1000s over the life of a lease or multiple leases. If you have a better alternative for investing the money, then by all means put it there, it will more than offset the savings on the lease.

[kaykay]

Do what you want shakan. It's your money.

The bottom line is that people who lease cars always try to put as little down as possible. That's the whole point of a lease; drive a brand new car for minimum drive off while retaining low monthly payments.

This is from 15 years of experience leasing cars.

Whether you agree with it or not, that's a whole different story.

I don't need to post a "better alternative for investing" $7k, you can put money in a low-yielding CD and make more than simply giving it to BMW FS for 36 months. You gain nothing but $5 off your monthly payment.

And in response to your other statement of "chances are someone who is looking at a 70-80K car can afford to put 7000 of his cash that he normally keeps in a savings account" - well, whether that's true or not is irrelevant, since the more money one has the less he or she wants to spend and the more liquidity one wants to retain.

You never know what will happen in two years from now, yet alone in two weeks from now where you actually might need that extra $7k, which BMW FS is holding for you for the next 36-months. Finally, it's up to BMW in terms of what they decide to do with your "cash" (aka MSD's) sitting in their account at lease-end. They can easily charge you for whatever they see fit, whether damage, repairs, collisions, etc. You're not at an advantage. You're never at an advantage by giving someone else your money to "hold."

It's business 101 and goes along with the purest and simplest rules of investing.

[grizzy727]

Actually the residual for cab is 14 points higher than May-so its not the same
My salesman called me to tell this and wasnt sure they misprinted and were going to correct it. Meaning you can lease a convertible for less than a coupe. Yes this is correct-problem is there are something like 30-50 cabs on east coast to take delivery by month end