Looking for new M3

Gronkspike · 08-23-2018, 09:38 AM

I'm on the hunt for a new M3 with comp and exec packs.
My current lease ('16) is:

3yr/10k
$73.2k MSRP
$6000 down
$805/month (taxes included)

TXSoxFan · 08-23-2018, 10:37 AM

There financing rates are different now so you can't really compare it to your deal from 3 years ago. When I bought mine a couple of months ago I ended up financing, but was considering leasing. For my car, which had a MSRP of $82.2K (price of $75.7k) I was looking at a lease payment of $907 pre-tax with nothing down (paying drive-offs at inception). Unfortunately for you, the MFs have gone up and the residuals tanked, so that same deal would now be $1006/mo. You would need to secure roughly an additional $4,500 in savings to offset the difference in financing.

Gronkspike · 08-23-2018, 01:49 PM

Thanks for the feedback, I'm trying to figure out where people are falling with discounts. I am hoping to get an idea of what to expect when ordering vs cars on lot as well.

TXSoxFan · 08-23-2018, 01:52 PM

Well, you very likely don't have the option to order a car as they are at the end of production and there are VERY few allocations left. You're best bet is to try to find one on the lot and make your best deal. Also, because there won't be another M3 for quite some time (spring 2020 IIRC) the deals on them may not be as great as you would think.

Gronkspike · 08-27-2018, 09:24 AM

Quote:

Originally Posted by CASoxFan

Well, you very likely don't have the option to order a car as they are at the end of production and there are VERY few allocations left. You're best bet is to try to find one on the lot and make your best deal. Also, because there won't be another M3 for quite some time (spring 2020 IIRC) the deals on them may not be as great as you would think.

That is a total bummer man. I guess I'll have to see what's out there at the time of lease end. If there's no M3's around, I'll have to try out an M550 and hope I have no regrets. Thanks again for your info.

shaftwhy · 08-27-2018, 09:51 AM

Quote:

Originally Posted by Gronkspike

I'm on the hunt for a new M3 with comp and exec packs.
My current lease ('16) is:

3yr/10k
$73.2k MSRP
$6000 down
$805/month (taxes included)

I will be honest. This was beyond horrible for a 16 lease when lease rates were great. You can do significantly better than this for even today's lease rates, even for M3.

There is another thread for all the different kind of deals you might want to dig in.

Gronkspike · 08-29-2018, 10:34 AM

Quote:

Originally Posted by shaftwhy

I will be honest. This was beyond horrible for a 16 lease when lease rates were great. You can do significantly better than this for even today's lease rates, even for M3.

There is another thread for all the different kind of deals you might want to dig in.

It wasn't a car on the lot, I did order it and allocations were rare and spoken for. I wouldn't say it was horrible - just not ideal. I was happy especially since my work place pays the lease

48Laws · 08-29-2018, 12:42 PM

That money down is misleading. Essentially, you’re paying $97X/month for the lease term.

shaftwhy · 08-29-2018, 12:46 PM

Quote:

Originally Posted by Gronkspike

It wasn't a car on the lot, I did order it and allocations were rare and spoken for. I wouldn't say it was horrible - just not ideal. I was happy especially since my work place pays the lease

Well in that case, I wouldn't matter money at all since somebody else is paying for it. I wish I am being offered the same thing.

shaftwhy · 08-29-2018, 12:48 PM

But to put it in perspective what a great deal for 16 MY used to look like:

3yr 10k/year
MSRP: 745xx
5k due at signing
Monthly payment after tax (tax is about 9.5%): 594
Car was ordered to my spec

silverstar335 · 08-29-2018, 09:05 PM

Quote:

Originally Posted by shaftwhy

But to put it in perspective what a great deal for 16 MY used to look like:

3yr 10k/year
MSRP: 745xx
5k due at signing
Monthly payment after tax (tax is about 9.5%): 594
Car was ordered to my spec

I am not trying to be mean but that’s not a great deal on 16 MY, it is certainly a very good monthly lease payment. Cheers

Gronkspike · 08-30-2018, 10:28 AM

Quote:

Originally Posted by shaftwhy

But to put it in perspective what a great deal for 16 MY used to look like:

3yr 10k/year
MSRP: 745xx
5k due at signing
Monthly payment after tax (tax is about 9.5%): 594
Car was ordered to my spec

That is a great deal. What zipcode? How many allocations did the dealer have? There were none to be found in the northeast.

shaftwhy · 08-30-2018, 02:33 PM

Quote:

Originally Posted by Gronkspike

That is a great deal. What zipcode? How many allocations did the dealer have? There were none to be found in the northeast.

Mind you this was almost 3 years ago at Northwest. Can’t have his kind of deal nowadays for an order anymore.

Hey, somebody said this wasn’t a great deal. So we all have our own perspective and being happy about it is the most important.

Aaaaaaaaa · 08-31-2018, 12:29 AM

Err I thought rates were better in 2015-2016. Why so much down guys?
2018 M3
3yr/ 15k miles per year
$80k MSRP
$0 down
$970/month including 8.75% tax.

KZEVO · 09-01-2018, 08:20 AM

I recall Residuals back in 2015 being as high as 66%. In 2016 were around 62%, july 2018 57% - 10k/36month leases. Also MF was lower amd fleet discounts higher.

Ibiza · 09-01-2018, 10:41 AM

@Gronkspike if your business pays for the lease, order yourself a M5 competition and call it a day. Why are you shopping around if it's not your money? Seems like a waste of your time, unless you have a budgeted car allowance.

Gronkspike · 09-03-2018, 03:05 PM

Quote:

Originally Posted by Ibiza

@Gronkspike if your business pays for the lease, order yourself a M5 competition and call it a day. Why are you shopping around if it's not your money? Seems like a waste of your time, unless you have a budgeted car allowance.

Spot on friend. I have an allowance and don't want to exceed with personal money. Hopefully someday the allowance will be within M5 territory.

Aaaaaaaaa · 09-03-2018, 05:49 PM

Man I hate being a W2

uniqueMR · 09-08-2018, 11:36 AM

fyi: never put down money on leases.

LOW4LYF · 09-09-2018, 05:50 PM

Quote:

Originally Posted by pheerIx

Err I thought rates were better in 2015-2016. Why so much down guys?
2018 M3
3yr/ 15k miles per year
$80k MSRP
$0 down
$970/month including 8.75% tax.

That's a great deal!

paliknight · 09-12-2018, 12:25 AM

18 M3
70k msrp
10k/36 month
700 monthly after tax
0 down

silverstar335 · 09-12-2018, 07:56 AM

Quote:

Originally Posted by paliknight

18 M3
70k msrp
10k/36 month
700 monthly after tax
0 down

That’s a great deal! Which dealership?

08-23-2018, 09:38 AM	#1
Gronkspike New Member 4 Rep 20 Posts Drives: 2018 BMW M3 CZP Join Date: Oct 2015 Location: Rhode Island iTrader: (0)	Looking for new M3 - What's your lease? I'm on the hunt for a new M3 with comp and exec packs. My current lease ('16) is: 3yr/10k $73.2k MSRP $6000 down $805/month (taxes included)
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08-23-2018, 10:37 AM	#2
TXSoxFan Second Lieutenant 54 Rep 244 Posts Drives: 2018 M3 Join Date: Nov 2006 Location: Austin, TX iTrader: (0)	There financing rates are different now so you can't really compare it to your deal from 3 years ago. When I bought mine a couple of months ago I ended up financing, but was considering leasing. For my car, which had a MSRP of $82.2K (price of $75.7k) I was looking at a lease payment of $907 pre-tax with nothing down (paying drive-offs at inception). Unfortunately for you, the MFs have gone up and the residuals tanked, so that same deal would now be $1006/mo. You would need to secure roughly an additional $4,500 in savings to offset the difference in financing.
	Appreciate 0 Quote

08-23-2018, 01:49 PM	#3
Gronkspike New Member 4 Rep 20 Posts Drives: 2018 BMW M3 CZP Join Date: Oct 2015 Location: Rhode Island iTrader: (0)	Thanks for the feedback, I'm trying to figure out where people are falling with discounts. I am hoping to get an idea of what to expect when ordering vs cars on lot as well.
	Appreciate 0 Quote

08-23-2018, 01:52 PM	#4
TXSoxFan Second Lieutenant 54 Rep 244 Posts Drives: 2018 M3 Join Date: Nov 2006 Location: Austin, TX iTrader: (0)	Well, you very likely don't have the option to order a car as they are at the end of production and there are VERY few allocations left. You're best bet is to try to find one on the lot and make your best deal. Also, because there won't be another M3 for quite some time (spring 2020 IIRC) the deals on them may not be as great as you would think.
	Appreciate 0 Quote

08-29-2018, 12:42 PM	#8
48Laws Banned 705 Rep 1,908 Posts Drives: '15 F80, '18 991.2 GTS Join Date: Nov 2010 Location: East Coast iTrader: (0)	That money down is misleading. Essentially, you’re paying $97X/month for the lease term.
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08-29-2018, 12:48 PM	#10
shaftwhy Second Lieutenant 88 Rep 242 Posts Drives: 2016 M3 Join Date: Jun 2016 Location: Seattle iTrader: (0) Garage List 2016 BMW M3 [0.00]	But to put it in perspective what a great deal for 16 MY used to look like: 3yr 10k/year MSRP: 745xx 5k due at signing Monthly payment after tax (tax is about 9.5%): 594 Car was ordered to my spec
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08-31-2018, 12:29 AM	#14
Aaaaaaaaa Banned 7559 Rep 5,056 Posts Drives: The other M3 Join Date: Oct 2014 Location: So Cal iTrader: (0)	Err I thought rates were better in 2015-2016. Why so much down guys? 2018 M3 3yr/ 15k miles per year $80k MSRP $0 down $970/month including 8.75% tax.
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09-01-2018, 08:20 AM	#15
KZEVO Lieutenant 191 Rep 516 Posts Drives: '18 F80 Join Date: Sep 2012 Location: NOVA iTrader: (0)	I recall Residuals back in 2015 being as high as 66%. In 2016 were around 62%, july 2018 57% - 10k/36month leases. Also MF was lower amd fleet discounts higher.
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09-01-2018, 10:41 AM	#16
Ibiza Colonel 3605 Rep 2,858 Posts Drives: 22 G83 comp & 2024 X5 M60 Join Date: Mar 2011 Location: On the run.... iTrader: (0)	@Gronkspike if your business pays for the lease, order yourself a M5 competition and call it a day. Why are you shopping around if it's not your money? Seems like a waste of your time, unless you have a budgeted car allowance. __________________ 2022 G83 PCD & 2024 G05 S68 PCD Retired:2021 F95 ZCP PCD,2018 F85 PCD,2018 F83 ZCP- ED/PCD, 2015 X5 50i PCD, 2015 435 vert ED, 2011 X3 PCD, 2011 335is vert ED/PCD, 2007 X3is PCD, 2007 335i vert PCD, 2004 328i vert PCD
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09-03-2018, 05:49 PM	#18
Aaaaaaaaa Banned 7559 Rep 5,056 Posts Drives: The other M3 Join Date: Oct 2014 Location: So Cal iTrader: (0)	Man I hate being a W2
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09-08-2018, 11:36 AM	#19
uniqueMR Colonel 1882 Rep 2,924 Posts Drives: ... Join Date: Dec 2017 Location: USA iTrader: (0)	fyi: never put down money on leases. __________________ Currently: '24 Mercedes G63 \| '24 Porsche GT3 RS \| '24 Volkswagen GTI Previous BMWs: 340i, 740i, 745Li, M3, M4 Previous Others: Audi, Ducati, Honda, Infiniti, Land Rover, Mercedes-Benz, MINI, Mitsubishi, Porsche, Toyota, Volkswagen
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09-12-2018, 12:25 AM	#21
paliknight fuck this field 2192 Rep 2,605 Posts Drives: 18 F80 CS/18 F80 ZCP/19 M2C Join Date: Aug 2014 Location: everywhere iTrader: (1)	18 M3 70k msrp 10k/36 month 700 monthly after tax 0 down __________________ BMW family... for now.
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