02-18-2014, 08:48 PM | #1 |
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Guesses on mf and residuals to start?
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02-18-2014, 09:50 PM | #3 |
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02-19-2014, 06:38 AM | #5 |
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02-19-2014, 07:16 AM | #7 |
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02-19-2014, 07:19 AM | #8 |
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02-19-2014, 07:21 AM | #9 |
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Good to hear. I plan on doing BMW Select for this M3 for the first time. By my calculations should start to break even somewhere around the 32nd month and be able to sell for a profit should values hold per my calculations. May take a little bit longer but even if I can sell by the 5th year that is fine by me. If I really love the car I'll just pay off the balloon balance.
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02-19-2014, 07:21 AM | #10 |
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Interesting. I know it's definitely still available here in GA. It was one of the 3 options given to me when I put down my deposit. I know sometimes they offer it at .9 APR. If that's the case at launch I'll definitely go that program.
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02-19-2014, 07:25 AM | #11 |
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I never put more then say 2-2.5k down on a car because I feel it's a bad investment.. I always traded it back in and I only had a problem with my 2011 X5 when I bought my E90 M3.. I had about 3k negative equity.. That truck tanked in value so I ate it.. So maybe M Sa has a point with gap insurance.. Although it wasn't an M I was trading in.. My previous experiences were M's and I didn't have a problem because the value was there..
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02-19-2014, 07:28 AM | #12 |
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Would be nice if it was .9 APR by the time these launch but since it's currently at 3.19% across the board for everything right now I'm not holding my breath on it.
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02-19-2014, 07:30 AM | #13 |
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02-19-2014, 07:35 AM | #14 |
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Pen fed online is at 1.99 apr but you also have to compare the residual vs what BMW offers and go from there, the online calculator doesn't have the 2015 M3 yet but you can get an idea with the 2013 M3 but again I am sure the residual is worse on the outgoing model.
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02-19-2014, 07:36 AM | #15 |
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02-19-2014, 07:43 AM | #16 | |
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Monthly Payment $898.09 Final Payment $26,698.09 |
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02-19-2014, 07:55 AM | #17 |
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It will be interesting to see what the final payoff will be for the new M3.
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02-19-2014, 08:01 AM | #18 |
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I would never buy/own a first year car simply because it's value is going to tank in 2 years when LCI is announced. Have a look at the E9X forums to see what happened to those who bought 2008 models or better yet the 2013 M5s in the F10 M5 forums. You are going to go mental when you see the LCI with competition package and how your car is now worth 3-5k less than what an LCI car is worth. It happens over and over again and people still get carried away and buy these first model year cars. Don't do it
In addition, paying MSRP pricing has far more effect when it comes to buying vs leasing. The MSRP is always what is residualized so in a way, you are only getting ripped off for 3 years worth of MSRP pricing vs when you are buying it, you are actually paying the whole thing. The only financially feasible way to own this car is to lease it and with that you need to really hope that BMW does not do what they did with M5 launch or the previous M3 launch. We can hope and pray here, but we also know that's not going to happen. They know as well as we do that these cars are going to lose a lot of value when they are back in 3 years as LCI is going to come out. The M5 residual when it came out was 48%! Now it's 58%! Can you believe that? The M3 when it came out in 2008 had a 51% residual! When I leased my car, my residual in 2011 was 64%! These difference will move your monthly payments from anywhere $100 to $300/month. It's insane. You have to have a pretty deep pockets to lease or buy this car now OR you need to get absolutely no options and go with a base model because as you add up all the options, the MSRP on the car easily crosses 82k and that's without CCBs. My estimate is that the residual on the car will be around 53-55% at best. If it is 55%, I'll be dancing here. Money factor is probably not going to be great, but you know let's assume it will be what M5 has right now, which is pretty great and that is around 0.00081 with all securities down. Based on my math, a car that is somewhat mildly optioned with a sticker price of 76k will have a monthly payment of $1030 or so. You can actually lease and M5 right now with an executive package for $1040/month. A fully loaded M5 with no CCB will go for $1200/month. Now I am throwing out the M5 here to show you guys how ridiculously the M3 is so expensive. But we all know this don't we We are enthusiasts. Even if the cars were $1500/month, I'm sure we'd find a way to afford them |
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02-19-2014, 08:11 AM | #19 | |
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02-19-2014, 08:13 AM | #20 |
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Sig, do you piss on every thread? Deep pockets? You have them per you can buy any car so why don't you just buy? Never call your self an enthusiast unless you have driven over 90 mph until then your just a wanna be. And my last point to your well thought out thread acting like your so smart, ALL CARS WILL DROP IN PRICE as soon as you drive them off the lot, please stop crapping over a thread. People that buy a 90k BMW don't give a fuk about depreciation, they want what they want, stop playing financial advisor for everyone on this forum. M5 tanked due to the car not impressing and with a hefty price tag over 100k! So you want to compare a car that is faster (new m3) lighter, more fuel efficient around 70k to a car at 110k?
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02-19-2014, 08:20 AM | #21 | |
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My point was it makes more sense to lease than to buy this car UNLESS you intend to hold on to it until this production cycle ends at which point the depreciation hit will be felt a lot less. If you buy an M3 now and try to sell it 4 years down the road, nobody is going to want to buy your car when they can pay 2-3 grand more and buy a used LCI. I dont think that this is an incorrect statement. I am also not crapping over the thread, the thread was about lease residuals and money factors, it was you and others who crapped on the thread with a terrible advice about buying the car instead of answering the question that was asked in the OP. The thread is not about financing an M3, it's about leasing one. Maybe you ought to read the title before responding to it yourself? |
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02-19-2014, 08:24 AM | #22 | |
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