BMW M3 and M4 Lease Rates (36 months)

[JerryL]

So I ordered my M3 yesterday (3/2/2015) and anyone knows if I can ask them to change my lease terms to the new rates since it is ordered in March?? Any input will be appreciated...

[XRAVE]

Originally Posted by JerryL

So I ordered my M3 yesterday (3/2/2015) and anyone knows if I can ask them to change my lease terms to the new rates since it is ordered in March?? Any input will be appreciated...

I believe you have up until you sign the papers to change it.

[MRCUR]

Originally Posted by JerryL

So I ordered my M3 yesterday (3/2/2015) and anyone knows if I can ask them to change my lease terms to the new rates since it is ordered in March?? Any input will be appreciated...

You can keep re-signing up until you take delivery of the car.

[MRCUR]

The March residuals are really insane. Great time to lease.

[JoeyBananas]

Can you apply the 63% residual to a 39month lease even though they aren't offering them from here on out?

[MRCUR]

Originally Posted by JoeyBananas

Can you apply the 63% residual to a 39month lease even though they aren't offering them from here on out?

The current residuals are only valid for the current lease terms. The 39-month is no longer available.

[JoeyBananas]

Ok so as usual it's a wash really..........

[Mrfurious214]

I ordered in Jan and I should be taking deliver in April. I currently have a 39 mo lease deal on order. Is it beneficial for me to switch to a 36 mo lease now with the March #'s? I think at the very least it would benefit me so I wouldn't have to renew my registration after 36 months. But will the monthly payment also go down?

[RMNB]

Originally Posted by Mrfurious214

I ordered in Jan and I should be taking deliver in April. I currently have a 39 mo lease deal on order. Is it beneficial for me to switch to a 36 mo lease now with the March #'s? I think at the very least it would benefit me so I wouldn't have to renew my registration after 36 months. But will the monthly payment also go down?

The 39mo deal is a hair cheaper. I crunched the numbers and the 36mo deal is $11/mth more. In your case you need to also think about tires possibly, get out of the lease early, etc. So the 36mo. may be better so it depends if you intend to stay the entire duration of the lease. Registration? Not an issue I wouldn't think. You would get some type of refund back I expect if you more than a year or so further. Bottom line - splitting hairs.

[Shawn Dover]

I had been planning to wait for the 2016, but these lease rates are really attractive. Does anyone have any idea how, historically, BMW has set the residual for the first couple of months of a model year? In other words, I'm wondering if there's any way to predict how much lower (if at all) the residuals would be on the 2016 in August or September. Thanks!

[OneRib]

Originally Posted by Shawn Dover

I had been planning to wait for the 2016, but these lease rates are really attractive. Does anyone have any idea how, historically, BMW has set the residual for the first couple of months of a model year? In other words, I'm wondering if there's any way to predict how much lower (if at all) the residuals would be on the 2016 in August or September. Thanks!

Don't have any historical numbers, but that's tough to predict. It could depend on a number of factors, including how the luxury sales race is going and how popular the C63 AMG and ATS-V are. I would expect a 1-3% drop in residual, but it may not happen if the dealer lots aren't stuffed with M3/4's.

In the end get the car and model year you want. A few percentage points isn't going to make up for not getting what you want.

[onesixeight]

Originally Posted by texxy

66% is the highest residual ever on a BMW I believe!

If I'm not mistaken, the i8 36mo 10k lease has a 67% residual.

EDIT: That's for a 24mo lease. So the M3 still holds the title

[pfl]

Can someone help me understand what the payment would be based on the new residual on my build. This is an ED car with Individual paint ($5K option):

MSRP after all options: 84,875.00 (Total options cost including custom paint: $22,875)
Total out of pocket cash: $885
Selling price (ED): $75,849.00
Bank fee: $795.00
Total cap cost: $76,644.00

Old residual: 63% = $53,471.25
MF: I believe it's ED buy rate but not sure - I see on my quote 1.55, not sure what this means.

Monthly depreciation: $612.06
Monthly rent: $202.76

Total monthly payment including tax of 8%: $880.00 (39 months)

My questions:

1- Is this a good deal for 39 months @ 63% residual (have not signed papers yet)

2- Now, if I ask my dealer that I want to do 36 months but use 66% residual, what would the payment be like?

[RMNB]

Originally Posted by pfl

Can someone help me understand what the payment would be based on the new residual on my build. This is an ED car with Individual paint ($5K option):

MSRP after all options: 84,875.00 (Total options cost including custom paint: $22,875)
Total out of pocket cash: $885
Selling price (ED): $75,849.00
Bank fee: $795.00
Total cap cost: $76,644.00

Old residual: 63% = $53,471.25
MF: I believe it's ED buy rate but not sure - I see on my quote 1.55, not sure what this means.

Monthly depreciation: $612.06
Monthly rent: $202.76

Total monthly payment including tax of 8%: $880.00 (39 months)

My questions:

1- Is this a good deal for 39 months @ 63% residual (have not signed papers yet)

2- Now, if I ask my dealer that I want to do 36 months but use 66% residual, what would the payment be like?

Go to www.LeaseGuide.com and plug in your numbers. The 1.55 is probably the MF. Plug in the new numbers (residuals and terms) and see how it comes out. I manually calculated my Lease to be and it's $11 higher than before. My resid went up 1% and the MF is .129 from .130. Splitting hairs really. Hope this gets you started in the right direction. Good luck!

[vonmayr]

Originally Posted by pfl

Can someone help me understand what the payment would be based on the new residual on my build. This is an ED car with Individual paint ($5K option):

MSRP after all options: 84,875.00 (Total options cost including custom paint: $22,875)
Total out of pocket cash: $885
Selling price (ED): $75,849.00
Bank fee: $795.00
Total cap cost: $76,644.00

Old residual: 63% = $53,471.25
MF: I believe it's ED buy rate but not sure - I see on my quote 1.55, not sure what this means.

Monthly depreciation: $612.06
Monthly rent: $202.76

Total monthly payment including tax of 8%: $880.00 (39 months)

My questions:

1- Is this a good deal for 39 months @ 63% residual (have not signed papers yet)

2- Now, if I ask my dealer that I want to do 36 months but use 66% residual, what would the payment be like?

Isn't the MSRP that is to be used in the lease calculations the US MSRP for your configuration? Even if you are doing ED?

[adc]

Originally Posted by MRCUR

The March residuals are really insane. Great time to lease.

So what are these residuals exactly? I just signed in February and could easily switch...

[RMNB]

Originally Posted by adc

So what are these residuals exactly? I just signed in February and could easily switch...

New programs

M3
15k 63%
12k 65%
10k 66%!

M4 cp M4 vert
15k 60%
12k 62%
10k 63%

financing 24-36 months 0.9%
37-60 months 1.9%

39month is gone

66% is the highest residual ever on a BMW I believe!

MF is .00129

Crunch the numbers. It's about the same on the M4...better on the M3

[Amgeater2]

Originally Posted by pfl

Can someone help me understand what the payment would be based on the new residual on my build. This is an ED car with Individual paint ($5K option):

MSRP after all options: 84,875.00 (Total options cost including custom paint: $22,875)
Total out of pocket cash: $885
Selling price (ED): $75,849.00
Bank fee: $795.00
Total cap cost: $76,644.00

Old residual: 63% = $53,471.25
MF: I believe it's ED buy rate but not sure - I see on my quote 1.55, not sure what this means.

Monthly depreciation: $612.06
Monthly rent: $202.76

Total monthly payment including tax of 8%: $880.00 (39 months)

My questions:

1- Is this a good deal for 39 months @ 63% residual (have not signed papers yet)

2- Now, if I ask my dealer that I want to do 36 months but use 66% residual, what would the payment be like?

you should be at 840.87 Tax in @8% with the 36 month program

[JerryL]

Originally Posted by MRCUR

You can keep re-signing up until you take delivery of the car.

But the manager told me that I can only change to the month that I take delivery, not every month from now till then. Any advice?

[RMNB]

Originally Posted by JerryL

But the manager told me that I can only change to the month that I take delivery, not every month from now till then. Any advice?

When you signed the credit app you locked in a deal for 60 days. If the deal changes or improves, take the better of the two.

[TRACK M4STER]

When a credit app is ran by your client advisor and you're approved, you qualify for the BEST rate, incentive at delivery even if they change for the better as long as the credit app hasn't expired after 90 days.

[RMNB]

Originally Posted by JerryL

But the manager told me that I can only change to the month that I take delivery, not every month from now till then. Any advice?

...also east coast is a 60 day lock and west coast is a 90 day.