Buy my 2015 M3 at end of lease or get new 2018 M2?

[a1gio2]

I am leasing a 2015 M3 optioned the way I like and its a $76k car.

At the end of my lease I will likely have 25k and the residual will be $50k.

The car doesn't consume oil, and has been very reliable and trouble free.

Options I'm debating:

A. Buy a new MY18 M2 - try to get out of the M3 lease a little early.

B. Buy the M3 when the lease is up.

Both will cost roughly the same money. I don't want to lease another and the price for purchasing A or B will be roughly the same each month.

What would you do and why?

[Lmonus]

i wouldnt buy the 2015 M3 because thats the first year of the car. Missing alot of options / Issues with the car that you wont see in the 2016-17 models.

Get the M2

[Super Spartan]

Get the M2. Period

[cobbyy]

M2.

[48Laws]

Originally Posted by Lmonus

i wouldnt buy the 2015 M3 because thats the first year of the car. Missing alot of options / Issues with the car that you wont see in the 2016-17 models.

Get the M2

Like what? Trying to stay current is an impossible task. Technology is ever-changing, bro. You only really have like 10 months to stay current.

[p912guy]

If you can live with a coupe vs sedan - M2. It's newer (2018 vs 2015), lighter, rarer and in the real world just as quick. Of course, I'm biased as an M235i owner. Would love an M2 Convertible, but no such beastie.

[a1gio2]

I was leaning towards the M2, but I took my M3 for service today and wound up spending $1500 for tires and an alignment so I got a little sentimental. I also got a 430xi loaner and the Dakota leather, in addition to the car itself, suck.

[Super Spartan]

Originally Posted by a1gio2

I was leaning towards the M2, but I took my M3 for service today and wound up spending $1500 for tires and an alignment so I got a little sentimental. I also got a 430xi loaner and the Dakota leather, in addition to the car itself, suck.

seems like you are pretty convinced to buy the M3 then, why even create this post?

[///M4ster Yoda]

Keep the M3. M2 interior is crapola! I couldn't get past it.

[RickFLM4]

What is the value of the M3? If buyout < trade-in value, definitely buy out. If buyout < retail, still would strongly consider buying out vs. moving downstream model-wise. If buyout > retail, then probably would look for something new.

[bb1857]

Originally Posted by a1gio2

I was leaning towards the M2, but I took my M3 for service today and wound up spending $1500 for tires and an alignment so I got a little sentimental. I also got a 430xi loaner and the Dakota leather, in addition to the car itself, suck.

Do the math on how much you will pay for your total lease. Then add that to the buyout plus interest unless you are going to stroke a check. Once you do that you will probably scare the shit out of yourself enough that you'd never consider buying a lease out. It's a terribly expensive way to buy a car.

[RickFLM4]

Originally Posted by bb1857

Do the math on how much you will pay for your total lease. Then add that to the buyout plus interest unless you are going to stroke a check. Once you do that you will probably scare the shit out of yourself enough that you'd never consider buying a lease out. It's a terribly expensive way to buy a car.

Not really. Comes back to the same cap cost where the lease started if you do the math properly. Cap cost - residual = depreciation. Depreciation + interest + sales tax = payment.

What is relevant to the buyout decision is the value of the car when considering buy out vs. buy out price.

[bb1857]

Originally Posted by RickFLM4

Not really. Comes back to the same cap cost where the lease started if you do the math properly. Cap cost - residual = depreciation. Depreciation + interest + sales tax = payment.

What is relevant to the buyout decision is the value of the car when considering buy out vs. buy out price.

Solid logic and math that I dont dispute but many people that are looking to buy a lease out are going to need to finance the buyout. OP has 1/2 down which helps a bunch for sure. $50000 buyout on an M car is going to be a very steep payment for 36 months if the buyer wants to keep the timeframe near an original purchase of say 72 months. Most dont want to afford a $1500/month car payment especially being that their lease was probably in $900 range(roughly)so they finance the buyout for 60 or even 72 months. I know I wouldnt want to pay an extra $600 a month for a 3 year old car that will be out of warranty soon. Then you are paying a pretty big chunk of interest to make the payment affordable and you have an 8 or 9 year old car buy the time its paid off. Can't be argued that is a very expensive way to buy a car.

[BimmerFix]

Originally Posted by RickFLM4

Not really. Comes back to the same cap cost where the lease started if you do the math properly. Cap cost - residual = depreciation. Depreciation + interest + sales tax = payment.

What is relevant to the buyout decision is the value of the car when considering buy out vs. buy out price.

Perfectly stated, but I highly doubt value of car is worth the buy out, a 2015
nonetheless. Then comes warranty and maintenance, that should be factored in as well for the duration of ownership. I mean first year manufactured, old tech, non lci , it's just a bad buy. Not a fan of the m2 really, but given the options, brand new m2 all day bro. I believe the lci is coming out soon as well, wait a bit if you can, and grab one. That's what I would do if I was buying, between those two particular cars.

[RickFLM4]

Originally Posted by bb1857

Solid logic and math that I dont dispute but many people that are looking to buy a lease out are going to need to finance the buyout. OP has 1/2 down which helps a bunch for sure. $50000 buyout on an M car is going to be a very steep payment for 36 months if the buyer wants to keep the timeframe near an original purchase of say 72 months. Most dont want to afford a $1500/month car payment especially being that their lease was probably in $900 range(roughly)so they finance the buyout for 60 or even 72 months. I know I wouldnt want to pay an extra $600 a month for a 3 year old car that will be out of warranty soon. Then you are paying a pretty big chunk of interest to make the payment affordable and you have an 8 or 9 year old car buy the time its paid off. Can't be argued that is a very expensive way to buy a car.

Agree on not wanting to go past 36 mos. on a buyout but anyone considering buying should be looking at putting money down (unless interest is near zero). Leasing allows one to minimize cash upfront so if deciding to buy out at the end, logic (at least to me) says that you put a chunk of cash down then, which will get payments down. If you can't put a chunk down then better off getting something cheaper.

[a1gio2]

I am leasing with a 66% residual, so the buy out is roughly $50k. I'm not a cash buyer, so I am sure the APR on a used car will be higher than new and if I were to combine the sum of lease payments plus the sum of say a 60month finance, its probably best to go with the M2.

I really like the M2, I think it will check all of the right boxes. It won't have merino leather but it will have everything else I like about the M3.

[xander_g]

Buying a vehicle at the end of a lease is never a good idea imho

[a1gio2]

Originally Posted by Snappy Phoenix

seems like you are pretty convinced to buy the M3 then, why even create this post?

How does that post make it seem as if I'm convinced? If I was convinced, I'd buy the M3.

I said I don't like Dakota leather and I just bought new tires...

[RickFLM4]

Originally Posted by xander_g

Buying a vehicle at the end of a lease is never a good idea imho

Why not?

[bb1857]

Originally Posted by a1gio2

I am leasing with a 66% residual, so the buy out is roughly $50k. I'm not a cash buyer, so I am sure the APR on a used car will be higher than new and if I were to combine the sum of lease payments plus the sum of say a 60month finance, its probably best to go with the M2.

I really like the M2, I think it will check all of the right boxes. It won't have merino leather but it will have everything else I like about the M3.

Just curious OP...what is driving you away from leasing again?

[hatepotholez]

Originally Posted by 48Laws

Like what? Trying to stay current is an impossible task. Technology is ever-changing, bro. You only really have like 10 months to stay current.

This is very true just like the iPhones.

[G35POPPEDMYCHERRY]

lmao. i leased my car with the total intention of buying it out. I only pay 1k more than .9% for 5 years. yeah. so if u really crunched the numbers well and put down max msds, plus copped a 1500 lease credit u ballin