Quote:
Originally Posted by richard313
talk about horrible lease rates, I went by BJBMW recently, and one of the SA said they have a AW with red interior M3 coming in a couple of weeks. It's pretty much fully loaded (not sure if it had CCB), sticker price was $100,000, monthly payment was around $1700...
maybe I'm getting too old, but $100K for a M3 is a bit absurd....
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I have never leased a car and I have bought with cash and traded in my last 3 BMW's.
I am considering buying a 2015 or 2016 M3 next summer or fall, lets assume I don't have a trade in. The only 2 options I am considering are adaptive suspension and orange leather interior MSRP before tax is $79,200 after a 2% BMW club discount, $1,000 loyalty discount and 6.5% off MSRP I expect to pay $71,700 before tax and $82,500 after the 15% luxury tax here in B.C.
I don't drive my car very much and after 4 years I expect to be able to sell the M3 with 50,000 km for $40,000 for a net cost (besides opportunity cost on my money) of $42,500 over for 48 months of $885 per month. I know we are not comparing apples to apples with a highly optioned M3 (with most options that I would never use) but why would anyone pay $1,700 per month for a M3 that is $10,000 more per year than essentially the same M3 that I am considering? Am I missing something in my math or do some people just have so much money that they don't care?