BMW M3 and M4 Lease Rates (36 months)

[AlterZgo]

Originally Posted by doug_999

My advice is.. Don't put a down payment on a lease and don't pay multiple security deposits. However in the desire for the lowest monthly payment, some people do not listen to this advice. To each his/her own.

I'm curious as to why you recommend not paying MSDs. I did the calculation and it was about a 10% ROI.

[sameh]

Guys, I'm trying to lease an M3 here in Dallas area, went to Classic BMW in Plano, TX. The best they can quote me is $500 off the MSRP and their money factor for 36/15 was .0016 not the .0013 I keep seeing here. Plus their residual was 56%
I was gonna put max MSDs which they calculated as $8400 but no down payment or trade in, and with all that they ended up with a $1150/month for a $72,775 price!!!!
I walked out. Told her (Leann) to call me when the entire formula comes down to less than 1000/ month, she wasn't amused.
Am I calculating it wrong?
Anyone in Dallas area gotten better deals?
Can I get it online from another dealer in a different state and receive it here in Plano for better lease rates?
I am ready to lease it today if I get the $73275 MSRP to be less than 1K/month for 36/15 and 7 MSDs nothing down.
M3
Silverstone
Sakhir orange extended
Wood trim
DCT
Executive
USB
Hermann kardone
19" light alloy

[JoeyBananas]

Forget the monthly payment, that can be manipulated. Find a dealer who will simply give you the deepest discount off of MSRP. Simply demand buy rate or walk out and residual is not set by the dealership, strictly by miles.

This is absurd, especially if it's a car you are ordering, because it is not a car they can sell for higher like a car sitting on a lot, its 100% additional profit.

[dmk08]

Originally Posted by sameh

Guys, I'm trying to lease an M3 here in Dallas area, went to Classic BMW in Plano, TX. The best they can quote me is $500 off the MSRP and their money factor for 36/15 was .0016 not the .0013 I keep seeing here. Plus their residual was 56%
I was gonna put max MSDs which they calculated as $8400 but no down payment or trade in, and with all that they ended up with a $1150/month for a $72,775 price!!!!
I walked out. Told her (Leann) to call me when the entire formula comes down to less than 1000/ month, she wasn't amused.
Am I calculating it wrong?
Anyone in Dallas area gotten better deals?
Can I get it online from another dealer in a different state and receive it here in Plano for better lease rates?
I am ready to lease it today if I get the $73275 MSRP to be less than 1K/month for 36/15 and 7 MSDs nothing down.
M3
Silverstone
Sakhir orange extended
Wood trim
DCT
Executive
USB
Hermann kardone
19" light alloy

Youre in Texas. Dont you have horrible lease tax laws like IL and GA? What is the tax amount? May want to look into Owners Choice.

[doug_999]

Originally Posted by AlterZgo

I'm curious as to why you recommend not paying MSDs. I did the calculation and it was about a 10% ROI.

I'd like to say that if you read through all 28 pages of this thread, you will see that I post about 5 times why I think this is a bad idea. However...I personally hate going through 28 pages just to find the good posts (or mine) - so here goes...

The MSDs stay with the lease. So if you want to get out of your lease - and the only way to really do that, unless your car appreciates, is to have someone else take over the lease (swaplease.com / leasetrader.com). In this case, they must also pay you for your MSDs - because they are the ones getting them back from BMWFS. So your $750 lease payment looks great to a perspective buyer - but you also want $6K in MSDs paid to you. Now lots of people don't understand them (MSDs), even though you clearly state "you will get them back at the end of the lease" and so your car languishes on swaplease until you can find someone willing to give you all that money. Which can and does happen - but not as often as you think.

So be very careful about MSDs - because while a lease is hard to get out of, a lease with MSDs is REALLY hard to get out of. You go have a family, move somewhere that it snows a lot, get deployed, have a car that just keeps breaking, suddenly want the 2016 M3 with triple clutch and quad turbo - won't matter. Cause you will be living with your "dream" car for 3 years if you did the MSDs.

[AlterZgo]

Originally Posted by doug_999

So be very careful about MSDs - because while a lease is hard to get out of, a lease with MSDs is REALLY hard to get out of. You go have a family, move somewhere that it snows a lot, get deployed, have a car that just keeps breaking, suddenly want the 2016 M3 with triple clutch and quad turbo - won't matter. Cause you will be living with your "dream" car for 3 years if you did the MSDs.

Thanks for the explanation Doug. I guess it's situation dependent. In my case, I put very low mileage on my leases (5-6K miles/yr), and I'd rather lease than buy b/c I don't keep my cars much over 2-3 yrs and I can defer paying sales tax on the entire car by leasing instead of buying. So, typically, I am able to sell my lease for more than the pay-off, plus get my entire MSD back.

But, I can see if people drive the 10-15K miles/yr on a lease, and want to get out of a lease early, the MSDs would handcuff them.

[perf0rmance]

Originally Posted by speedmaster20d

just wanted to post a follow up

GrussGott is absolutely right. I called Greg in Pacific BMW in Glendale, no BS, no tricks, no none sense, he sent me calculations and papers right away.

the money factor and residual were right on the money, consistent with BMW online calculator, my own calculation and examples on this site.

BMW SF, Sonnen and a few other places had quoted me ~150-$200 a month more than the number Greg was able to offer. I cannot imagine how angry I would have been, had I purchased from any of the mentioned dealers . IMO, this is outright BS and it's a shame BMW corp. does not/cannot do anything to tame this situation.

Thanks to this site I did not fall for those numbers and saved $$$.

Please do yourself a favor and just contact Greg if you want an M4. don't waste your time.

thanks again for the pointers.

Nice, might have to contact him. I suspect that'll he'll give a great deal for an M3 sedan as well?

Originally Posted by GOLFFRR

October rates: 2015 M3/M4/M4vert

MF .00129

59% 10k
58% 12k
56% 15k

So this is current, yes?

Originally Posted by Retina

Here in California, Doc fee $80, Lease bank fee $725, Registration $550.

Very good to know, thank you kindly. So if I see any other numbers that these, I'm getting toyed with?

Originally Posted by PokGuy

UPDATE: Most recent, best price I can get around SoCal (I'm sure some of you may get better hook ups maybe through some connection, but this is for the average dude who doesn't know anyone...)

Looked up around 30 dealerships near me for a AW m4 and found 1
Price $75,325
Residual 59%
36months 10k miles a year
Max security deposit $7350
Drive off is 2869 (-1k for un4gettable = $1869)
Monthly is $1016 (9% cali tax already included, $750 innovation included)
MF% is .00129 (With MSD it's .0008)

These prices are pretty accurate as I confirmed with another dealership (who was actually charging me more @ $1139 (9% cali tax and innovation included) a month with $842 drive off (un4gettable included) so that dealer in the end is $900 more than my first guy.).

Hope this helps people in the SoCal area.

Picking it up today!

What are the current discounts and incentives here in California?

[GrussGott]

Originally Posted by perf0rmance

What are the current discounts and incentives here in California?

[iwantone2]

Can anyone confirm the residual for November for M3 is 63% for 10K? Also, does anyone have the MF?

New to the forum and hoping to place an order for an M3 soon..

[JoeyBananas]

wow, I dont think its that high. It was 59% last month. I can imagine it going up 4 points.

I did see a NJ dealership advertise $1,000 Holiday Credit for Novenber

[iwantone2]

I've seen the residuals remain consistent with the 3 series line in the past..335 this month is 63%...

[BigMo]

Originally Posted by JoeyBananas

wow, I dont think its that high. It was 59% last month. I can imagine it going up 4 points.

I did see a NJ dealership advertise $1,000 Holiday Credit for Novenber

Can't confirm the residual but highly doubt it. As far as Holiday Cash goes here it is.

[iwantone2]

Maybe a flawed assumption on my part..

[JoeyBananas]

Originally Posted by iwantone2

I've seen the residuals remain consistent with the 3 series line in the past..335 this month is 63%...

Hmmm, I would have assumed the M would retain its value more than a 3 series

[dmk08]

My CA was telling me about the new deals today. For F80 M3 and F82 M4 its $1000 incentive. 36 mo residuals look the same all around. They added a 39 month with a 60% residual. There is a 62% residual but thats for a 24mo 15k. Base Money Factor is .00130 again.

[JoeyBananas]

Originally Posted by dmk08

My CA was telling me about the new deals today. For F80 M3 and F82 M4 its $1000 incentive. 36 mo residuals look the same all around. They added a 39 month with a 60% residual. There is a 62% residual but thats for a 24mo 15k. Base Money Factor is .00130 again.

I like the 39th month deal! (this is offered everywhere?)

[WilliCO]

Originally Posted by JoeyBananas

Hmmm, I would have assumed the M would retain its value more than a 3 series

I think BMW uses residuals to manipulate revenue on lease deals in response to demand. With the Ms being as new as they are, BMW is likely to hold the residuals low and pull a higher monthly payment, all else constant. Residuals are not negotiable, so I think this is probably a shrewd move.

[justinstephen]

Just to confirm, here is the update for November. It looks like the residual dropped a point on the 36 month lease and the previous residual is now only available on the 39 month lease.

Breakdown:

.00130 MF

24 Month:
61% 15k
63% 12k
64% 10k

36 Month:
55% 15k
57% 12k
58% 10k

39 Month:
56% 15k
58% 12k
59% 10k

As confirmed above, the technology credits are gone and replaced with a $1,000 Holiday cash available on both the F80 and F82.

In all honesty it's a better deal than October. The 39 month gives you a nice drop in the payment with the higher residual and the credits are more aggressive.

[MRCUR]

What's the 24-month, 15k on an M3 now? 62%?

[GrussGott]

Originally Posted by justinstephen

36 Month:
55% 15k
57% 12k
58% 10k

39 Month:
56% 15k
58% 12k
59% 10k

In all honesty it's a better deal than October. The 39 month gives you a nice drop in the payment with the higher residual and the credits are more aggressive.

i've done these 39 month leases with Audi and BMW - they're weird because they don't really make sense value-wise to BMW so there's some other factor at play here. Maybe they want the leases to end in spring rather than the holidays for some reason.

[dmk08]

Originally Posted by justinstephen

Just to confirm, here is the update for November. It looks like the residual dropped a point on the 36 month lease and the previous residual is now only available on the 39 month lease.

Breakdown:

.00130 MF

24 Month:
61% 15k
63% 12k
64% 10k

36 Month:
55% 15k
57% 12k
58% 10k

39 Month:
56% 15k
58% 12k
59% 10k

As confirmed above, the technology credits are gone and replaced with a $1,000 Holiday cash available on both the F80 and F82.

In all honesty it's a better deal than October. The 39 month gives you a nice drop in the payment with the higher residual and the credits are more aggressive.

Yep I'm def gonna do the 39mo now.

[JoeyBananas]

Originally Posted by GrussGott

i've done these 39 month leases with Audi and BMW - they're weird because they don't really make sense value-wise to BMW so there's some other factor at play here. Maybe they want the leases to end in spring rather than the holidays for some reason.

Smart move. I wouldn't mind dumping a car in the dead of winter and just walking away, but in the spring I'd be bummed to get rid of the car, plus they shouldn't have a hard time selling it in the spring compared to winter/holidays