CS Deals, Steals, and Three-yulls on Wheels!

[gatorfast]

Originally Posted by BigSky702

Don’t have to be an ass... just give me a 4 bullet synopsis so I don’t have to wade through pages .... huh?? Maybe ?? But I guess it’s easier to just be an ass.. and waste time typing sarcastic BS.. could have saved the time and ignored me.

Sheesh it was said in jest as I was merely pointing out the irony of asking for generic pricing info in a thread with tons of specific information on pricing info.

If you simply start at my post and start reading backwards it will not take you more than a few minutes to find several examples of recent deals people are getting. Sorry I didnt have an executive summary prepared and ready to offer at your beckoning

[BigSky702]

Originally Posted by gatorfast

Sheesh it was said in jest as I was merely pointing out the irony of asking for generic pricing info in a thread with tons of specific information on pricing info.

If you simply start at my post and start reading backwards it will not take you more than a few minutes to find several examples of recent deals people are getting. Sorry I didnt have an executive summary prepared and ready to offer at your beckoning

My apologies... Sometimes it's hard to infer intent from words on a screen, I've encountered too many sarcastic remarks on other posts, when I've genuinely needed some advice.

Because of my procrastination, I'm under the gun to make a decision, and right now my choices are limited, also I have an M340i that's a week way from being delivered, and I'm trying to avoid making costly ($$) mistake.

Really, thanks for the help, just looking for guidance on how to get the best deal, I somehow wound up at a Porsche dealership today, and needless to say that's added more to the mix!!! But in a good way!!

Sorry I didnt have an executive summary prepared and ready to offer at your beckoning

LOL, I did get a chuckle out of that! I'll cut down on the double espresso!!

[BigSky702]

Originally Posted by f80er

Same way you could have not wasted anyone else's time and just read through the last couple pages. Manifest destiny playboy.

[Frozen]

Originally Posted by sdshah

Going to be fun when these all come off lease and are worth 25k below there residual.

This.

I'm waiting to pick one up cash off lease in a few years.

[Frozen]

Originally Posted by visi107

While I agree that I would not put money down on a lease in part for this reason . . . In this specific example it's not necessarily true that he would be "out 9k" . . It all depends on what the car is valued.
If the MSRP of the car is 102k (typical CS) and the final selling price you paid for it was let's say 82k (after rebates) and you put down another 9k then the actual capitalized cost would be 73k . . If the car is totaled in 1-2 months and the insurance values it at 73 then yeah you are out all 9k but if the insurance values it let's say at 88k (not unreasonable for a car with MSRP of 102K) then the surplus above what BMWFS is owned goes to you and technically you could be making money once all the fees are covered.

This is correct.

I know someone who put money down on their lease, car was stolen, and they got money back after their insurance paid off BMWFS.

If there is equity in the car, you get it. So putting money down on a lease does not mean you lose that money if something happens.

[jmg]

Originally Posted by Frozen

This is correct.

I know someone who put money down on their lease, car was stolen, and they got money back after their insurance paid off BMWFS.

If there is equity in the car, you get it. So putting money down on a lease does not mean you lose that money if something happens.

Technically he would have the insurance payoff AND the down payment in his account though wouldn't he?

[electrifi8]

Originally Posted by Frozen

If there is equity in the car, you get it. So putting money down on a lease does not mean you lose that money if something happens.

Great point Frozen! For everyone's benefit, the critical thing is that "If there is equity in the car..." Every situation/car is different and not all cars have "equity" at the time of loss.

[jmg]

Originally Posted by electrifi8

Great point Frozen! For everyone's benefit, the critical thing is that "If there is equity in the car..." Every situation/car is different and not all cars have "equity" at the time of loss.

The "equity" is partly due to the $9k the lessor put down. That's a pre-payment to BMWFS made before the lease term ends. When insurance pays off the car if it's totaled, BMWFS gets the balance of what the car is worth. Yes, the lessor might get the difference, but that difference is made up of the $9k they pre-paid BMWFS. If they had not made that down payment, then insurance would have paid it for them in the form of the payoff. It's almost a wash in this case. However, if the car depreciates more than what the lease terms specify, then GAP kicks in, and the lessor will get nothing and have lost the portion of the down payment that allowed for the lower monthly payment.

The likelihood of a $100k+ car doing better than a 61% residual in the real world is SLIM to NONE unless it's a Ferrari or similar collectable car. The risk of losing a large downpayment far outweights the chance that the lessor will get the down payment back should the car be totaled very early in the lease. And remember, they are only getting back what they would have already had in the case that they didn't pay a down payment.

For reference:

$9k down: http://www.leasehackr.com/calculator...es=10000&msd=0

$0 down: http://www.leasehackr.com/calculator...es=10000&msd=0

Total lease cost is $34,863 with $9k down. Monthly is $883
Total lease cost is $35,403 with nothing down. Monthly is $1321

The lessor would save $540 for a 24 month lease risking a loss of $9k.

Instead, 7 MSDs should be used to bring total lease cost down to $34,040 ($823 savings) without risk of losing $9k:

http://www.leasehackr.com/calculator...es=10000&msd=7


In conclusion: it's still a bad idea to put a large downpayment on a lease.

[electrifi8]

Jmg, thanks for your explication. I feel much smarter now.

[visi107]

Originally Posted by jmg

It will be interesting to see what happens with Andre's 2 week old totaled M3CS

For sure. I wonder if the car will actually be totaled

[Andrae26]

Originally Posted by OpenRoadBMW

Andrae , sorry to hear brother, if theres anything you need on my end bmw wise just txt me , we will get you in a another one if you want ! just let me know, im here for you either way.. But glad your ok cars are replaceable.

Brandon

Thanks Brandon. Will do!

[Andrae26]

Originally Posted by visi107

For sure. I wonder if the car will actually be totaled

I hope it is cause I don't want it

[afc101]

Hey guys, I've been reading through all these pages of deals and don't really see too much discussion for the M4 CS (at least not in April). Any thoughts on what I should be aiming for in terms of discount before rebates/incentives if the MSRP is 102-106k? I've gotten a couple deals with 7%-11% off, but I haven't had any luck comparing my numbers to other recent deals (or maybe I'm just terrible at looking for it). Here's one of the deal's I've gotten:

MSRP: 104,095
Discount: 6535 (6.28% off)
Rebates: 11250 (corp. fleet)
Tax: 5549
doc: 150
acq fee: 925
License fee: 118.25
Cap fees: 203
MF: .00142 (MSDs) (.00177 – MSD)
MSD: 8400
Residual: .57 (36 month, 10k miles)
Monthly payment: 1155

Another dealer didn't provide the line item's (asked for it and waiting on a reply) but with $0 down and MSD's + corp fleet rebate they're offering a monthly of $1112.

[Andrae26]

Originally Posted by visi107

For sure. I wonder if the car will actually be totaled

Adjustor called me yesterday and said it looks like a total loss. He did a minor evaluation and estimated damages are 40k+ already.

[FeckinSpaceman]

Originally Posted by afc101

Hey guys, I've been reading through all these pages of deals and don't really see too much discussion for the M4 CS (at least not in April). Any thoughts on what I should be aiming for in terms of discount before rebates/incentives if the MSRP is 102-106k? I've gotten a couple deals with 7%-11% off, but I haven't had any luck comparing my numbers to other recent deals (or maybe I'm just terrible at looking for it). Here's one of the deal's I've gotten:

MSRP: 104,095
Discount: 6535 (6.28% off)
Rebates: 11250 (corp. fleet)
Tax: 5549
doc: 150
acq fee: 925
License fee: 118.25
Cap fees: 203
MF: .00142 (MSDs) (.00177 – MSD)
MSD: 8400
Residual: .57 (36 month, 10k miles)
Monthly payment: 1155

Another dealer didn't provide the line item's (asked for it and waiting on a reply) but with $0 down and MSD's + corp fleet rebate they're offering a monthly of $1112.

I thought corporate fleet discounts reduced to bare minimums, like $500???

I would love to hear otherwise, as I qualify and need some help killing some negative equity on my trade!

[r0wr]

Originally Posted by Andrae26

Adjustor called me yesterday and said it looks like a total loss. He did a minor evaluation and estimated damages are 40k+ already.

Get the wheels!!

[afc101]

Originally Posted by FeckinSpaceman

I thought corporate fleet discounts reduced to bare minimums, like $500???

I would love to hear otherwise, as I qualify and need some help killing some negative equity on my trade!

Just called to confirm with the 2nd dealership, they stated that the 2019 M4 CS has a corp. fleet rebate of 11,250.

[trendy26]

Originally Posted by afc101

Just called to confirm with the 2nd dealership, they stated that the 2019 M4 CS has a corp. fleet rebate of 11,250.

Hmmm can you elaborate on that? Is that different than the $9k dealer cash?

[Andrae26]

Originally Posted by r0wr

Get the wheels!!

I'll see what they allow me to get. The hood is what I really want tho.

[FeckinSpaceman]

Originally Posted by afc101

Just called to confirm with the 2nd dealership, they stated that the 2019 M4 CS has a corp. fleet rebate of 11,250.

Well I’ll be damned, I just confirmed with my dealer that 2018 M3 CS has $8750 Corp Fleet Discount! However, it is not combinable with other discounts or incentives. Also can’t be registered as demo or loaner. I’ve been asking all over the boards about this, so thanks for forcing me to run it down.

It is very sad that it can’t be stacked because I would be absolutely crushing a deal! I already have a pending decent deal worked out with traditional current incentives, and the total deal came within $100 of each other.

So no help for me this round, but hopefully good news for plenty of others looking!

[afc101]

Originally Posted by FeckinSpaceman

Well I’ll be damned, I just confirmed with my dealer that 2018 M3 CS has $8750 Corp Fleet Discount! However, it is not combinable with other discounts or incentives. Also can’t be registered as demo or loaner. I’ve been asking all over the boards about this, so thanks for forcing me to run it down.

It is very sad that it can’t be stacked because I would be absolutely crushing a deal! I already have a pending decent deal worked out with traditional current incentives, and the total deal came within $100 of each other.

So no help for me this round, but hopefully good news for plenty of others looking!

Nice, good stuff, that info should help others on here!

[LVI]

Originally Posted by Andrae26

I'll see what they allow me to get. The hood is what I really want tho.

You won’t be getting anything off the car unless you have a non CS color matched hood ready to go before they haul the car away. The insurance company will want to get top dollar for the car at salvage auction so they won’t allow you to strip parts off of it that will decrease the value when they sell it off. Car is probably worth $40k or so as at auction.