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01-25-2013, 04:07 AM | #23 |
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01-25-2013, 02:17 PM | #24 |
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Do you guys think its worth $15 more per month to go add the EDC ?
Also, is there a way to get competition package but with the 220M style wheels? I'll be ordering soon and not sure if I should add on EDC. |
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01-25-2013, 03:17 PM | #25 |
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You should be able to find someone to swap 220M wheels for your 359M wheels and maybe pocket a few dollars.
Drink the office coffee insted of getting starbucks. Spend the $15 bucks. |
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01-25-2013, 04:22 PM | #26 |
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lol, so true...
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01-25-2013, 07:47 PM | #27 |
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Yep, like stated above spend the $15. There was a video not too long ago that clarified the benefits of EDC (from BMW.tv podcast).
Both mathematically and IMHO 359>220. But if that's the direction you want to go, it should be easy to find someone to swap. If I still had my vert, I'd swap in a heartbeat.
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01-26-2013, 10:06 AM | #28 | |
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Im from Canada so my pricing is different. Im in the middle of a deal right now for the same car. I bought out my 2009 335xi coupe(Mistake) at the end of my lease. I came from E46 m3 (competition pkg) & gave it back at the end of that lease (Also a big mistake) but im finally getting back into an M3. 2013 M3 coupe Melbourne Red(0) Speed Cloth interior (0) MDrive Pkg + Bmw App($2,700) Executive Pkg ($2,900) Competition Pkg ($2,900) DCT transmission ($3,900) High Gloss Shadow line ($795) MSRP $84,895 Due at signing $3,698 Lease rate 5.9% Trade in value $26,000 39 mths lease 16,000km per year. MTH Payment $788.00 per Mth M3 are about 10,000 more in Canada |
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01-26-2013, 11:48 PM | #29 |
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Finalized my order today! I added on the EDC and now it's just the waiting game.
I looked into MSD and looks like a good way to bring monthly payments down but the risk is still there. You total the car during the lease and the MSDs are gone. I might still go ahead and put some security deposits down! |
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01-26-2013, 11:49 PM | #30 | ||
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01-26-2013, 11:50 PM | #31 | |
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01-27-2013, 05:31 AM | #32 | |
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For the MSD's, if at lease end there were issues associated to damage above and beyond the allowed, replacement of tires, etc., this would be taken from the security deposits. Else BMW FS would send you a bill. The rough math would work result in a $50 per month savings assuming max MSD's. Another way of looking at it, for $5600 that BMW FS will have for 36 months, you'll save $1800. Perhaps that money can be best used elsewhere but it is a good option. |
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01-27-2013, 08:00 AM | #33 | |
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01-27-2013, 08:06 AM | #34 | |
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Mods List: Evolve Exhaust | M Perf Steering Wheel | Tint | Lux | Hardwired V1 | KW V3 | Volshlag CP | Brembo BBK | BBS FI | Yokohama AD08 R| Schroth 4 Point Harness | Challenge GT Diffuser | OEM GTS Wing| GTS Lip| I lied earlier, I wasn't done with mod, but I swear, I'm done now, no more mods... |
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01-27-2013, 10:16 AM | #35 |
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just curious... to me it depends on the bottom line dollar amount and what you put down as well. I believe APR is 3.5% thereabouts. What terms of the lease? If I wanted to lease my 2013, which I didnt, I had a payment at 600. Also BMWNA has a security deposit lease plan (a bit higher) but I would do it if youre leasing.... get cash back in the end. need more info, but if you like 8's for payments, all good.
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01-28-2013, 05:45 AM | #37 | |
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Slight tangent, if using MSD's, the amount can not be directly applied to the next lease. You'll need to put another amount down and wait for the refund. How long will it take? From my last lease, I received my funds within 30 days. |
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01-28-2013, 05:48 AM | #38 |
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That's why browsing the forums has it's benefits and drawbacks. The temptation to add something (carbon parts, lighting, tune, exhaust, etc) that otherwise an owner might have kept the car stock. Good for the car bad for the savings fund....
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01-28-2013, 11:57 AM | #39 |
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wow. good deal.
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01-28-2013, 08:21 PM | #41 | |
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2013 BMW M3 Coupe Carbon Fibre Roof Alpine White Fox Red Extended Leather Carbon Leather Trim DCT Competition Package Premium Package Enhanced Premium Sound Heated Front seats (not cold weather package just heated front seats) I got a quote for $845.65 $0 down 36 month 10K miles/yr ($866.62 for 12K miles) including FL sales tax. US MSRP $75,545 US Invoice $70,105.... My US Price $70,755 I think I'm getting a pretty good deal? BTW what dealership did you get that quote from? I am also coming from 335i! |
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01-29-2013, 09:53 AM | #42 |
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Thanks guy. and Congrats to you too Dkhan23. Can't wait to get myself into a m3!
MSD seems the way to go to bring down the monthly payments. The only question I have is that is there any way BMW can take away the security deposit or do they HAVE to give it back? They can use that cash to pay off any damages, excess miles, etc at the end of the lease, correct? So what the dealership told me is that I need to pay about 4 security deposits of $850 dollars each to bring down the monthly payments by $50. Also, does the MSD effect the buyout value of the car at all? Since I am paying lower monthly payments, I am paying less on the car, so wouldnt the buyout value go up? |
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01-29-2013, 10:54 AM | #43 | |
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2011.75 E90 AW | DCT | ZCP | ZCV | ZCW | ZP2 | Prem Sound | Moonroof | BMW Apps |
Mods List: Evolve Exhaust | M Perf Steering Wheel | Tint | Lux | Hardwired V1 | KW V3 | Volshlag CP | Brembo BBK | BBS FI | Yokohama AD08 R| Schroth 4 Point Harness | Challenge GT Diffuser | OEM GTS Wing| GTS Lip| I lied earlier, I wasn't done with mod, but I swear, I'm done now, no more mods... |
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01-29-2013, 03:18 PM | #44 | |
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Just like a standard security deposit, the additional can be used to offset damage, excess miles, etc. Otherwise you'll get your money back. The payoff will not change as it is based on the residual value (currently 62% @ 10k/36 month). However the MSD's can be used as partial payment toward the payoff. Something to consider if using MSD's, it is a good method to lowering the money factor. But if you opt to transfer the lease, you would need to reconcile this with the new leasee. That is unless you plan on giving up all of your MSD's. For the quantity, max MSD's is 8 (1 required plus 7 optional). Each optional reduces the m.f. by .00007. All would be required to reduce the payment by (roughly) $50. |
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