HELP! Future ///M3 Owner (pricing)

[addicted2bimmers]

I'm planning to get an m3 next year how much should I put down and what are the monthly payments looking like?

How much did u guys/girls pay for yours?

[DBV]

Originally Posted by Joashstjean

I'm planning to get an m3 next year how much should I put down and what are the monthly payments looking like?

How much did u guys/girls pay for yours?

Financing or leasing?

Don't put money down on a lease. Search the forum for more info on the ins and outs of BMW leasing. Great sticky in the ordering sub-forum.

Best of luck!

[nicknaz]

Seems like the average deals are $2k over invoice and very best are $500 over invoice.

It is a bit tough to get the full picture because of dealer fees but if you are in that range its a reasonable deal.

Definitely do msd not cap cost reduction if you are leasing

[DaBean]

It depends where you are in the country, how far you're willing to shop, and how many dealers you're willing to contact. For example, in the Bay Area, you will have a tough time getting anything under MSRP. But it does seem that other regions are already relaxing pricing.

[addicted2bimmers]

Originally Posted by DBV

Financing or leasing?

Don't put money down on a lease. Search the forum for more info on the ins and outs of BMW leasing. Great sticky in the ordering sub-forum.

Best of luck!

Financing

[addicted2bimmers]

Originally Posted by DaBean

It depends where you are in the country, how far you're willing to shop, and how many dealers you're willing to contact. For example, in the Bay Area, you will have a tough time getting anything under MSRP. But it does seem that other regions are already relaxing pricing.

I'm in New York

[dkhm3]

go to truecar for the current prices- see if you can get a better deal.

as far as the down, that really depends on your situation. My general rule is to purchase the car, borrow 1/3, but have enough savings to pay it off if you so choose. I don't like to borrow much money, unless it is for a house or an investment income property.

[Devilzmantis]

Originally Posted by Joashstjean

I'm in New York

New York City? Don't know but SF area is pretty much MSRP+. Probably good deal in cities like SF/NY if you can get 4% off MSRP. I'd be happy walking away with 3.5% off MSRP. And ofcourse if financing get the lowest rate as possible. Good luck I got 3% off of my Lease MSRP.

[addicted2bimmers]

Originally Posted by dkhm3

go to truecar for the current prices- see if you can get a better deal.

as far as the down, that really depends on your situation. My general rule is to purchase the car, borrow 1/3, but have enough savings to pay it off if you so choose. I don't like to borrow much money, unless it is for a house or an investment income property.

So you borrowed about 25k?

[Mr Pete]

Originally Posted by Joashstjean

I'm planning to get an m3 next year how much should I put down and what are the monthly payments looking like?

How much did u guys/girls pay for yours?

This seems like this is more of a personal question you have to ask yourself. Can you afford this car? Without putting yourself in a financial pickle if you have a bad month or something happens as far as work is concerned? If you can afford it, you shouldn't be asking 'how much to put down?'. Not trying to be a dick, but make sure your financial situation Is in check prior to purchasing a 60k+ depreciating vehicle.

But as far as price, seems to be region dependent. $500 over invoice is the lowest I've seen, which many forum members seem to have gotten.

And there are auto loan calculators you can find on the internet that gives you an idea of what your payments will look like.

Best of luck.

[addicted2bimmers]

Originally Posted by NYUofA

This seems like this is more of a personal question you have to ask yourself. Can you afford this car? Without putting yourself in a financial pickle if you have a bad month or something happens as far as work is concerned? If you can afford it, you shouldn't be asking 'how much to put down?'. Not trying to be a dick, but make sure your financial situation Is in check prior to purchasing a 60k+ depreciating vehicle.

But as far as price, seems to be region dependent. $500 over invoice is the lowest I've seen, which many forum members seem to have gotten.

And there are auto loan calculators you can find on the internet that gives you an idea of what your payments will look like.

Best of luck.

Lol don't worry I can afford it I just want to know what others think a good payment may be per month

[saxon]

edited

[carsrmyvice]

I negotiated 1000 over invoice then applied the drive event and innovation credit to get to 1k below invoice.

You should def consider calling dealers in nj and eastern PA. They seem to deal more than closer to the city. I used a small dealer called Apple of york PA and was very easy to deal with my salesman Joe. In fact he sends cars to LI all the time through a broker. Good luck.

[saxon]

Originally Posted by carsrmyvice

I negotiated 1000 over invoice then applied the drive event and innovation credit to get to 1k below invoice.

You should def consider calling dealers in nj and eastern PA. They seem to deal more than closer to the city. I used a small dealer called Apple of york PA and was very easy to deal with my salesman Joe. In fact he sends cars to LI all the time through a broker. Good luck.

i agree with PA dealers, personally i used Pete from Sun motors in Mechanicsburg PA, he is also an enthusiast and has an f80 as well so I would rather he make some money than some random guy

[nicknaz]

Originally Posted by Joashstjean

Lol don't worry I can afford it I just want to know what others think a good payment may be per month

$0 / mo is a good payment, if you can make yourself ok locking some of your money in a depr asset

[Naz24]

Originally Posted by nicknaz

$0 / mo is a good payment, if you can make yourself ok locking some of your money in a depr asset

with low interest rates it really would make sense to finance as much as possible ( so long as you have the liquidity to back it up).

[dkhm3]

Originally Posted by Joashstjean

So you borrowed about 25k?

30k, my car was 85k out the door.

[Deja_Vu]

Did you somehow miss the stickied threads and ones near the top covering this already?

[Deja_Vu]

Originally Posted by Naz24

with low interest rates it really would make sense to finance as much as possible ( so long as you have the liquidity to back it up).

Only if you have higher interest things to pay off. Otherwise you're throwing money away.

[Miamiboyca]

Originally Posted by Joashstjean

So you borrowed about 25k?

25K??? where did this number come from? You are going to 50K down on a car?

Originally Posted by Joashstjean

Lol don't worry I can afford it I just want to know what others think a good payment may be per month

Originally Posted by Joashstjean

Financing

None of your questions make any sense...

If you are trying to get payment "idea" so you can plan then build your car online for a total price, then use an online loan calculator thats on the site (or there are hundreds online) and you can see your payment. Play with the down payment to see what the gets you, then when its time to actually but then negotiate down from your estimates.

[AIRPOWER]

^ THIS ^

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