2016 M3 M4 residuals are out!

[BMWJ]

Originally Posted by OneRib

This sucks more in the academic sense than reality. <100/month shouldn't kill anyone's chance at the car.

It's probably about a 10% change in cost of leasing the car. That's quite significant in my opinion.

[kasher_khan]

Originally Posted by MavRick

Since I was having to do Owners Choice because of Ga's screwed up tax situation, it looks like PenFed may be the better route. 1.74% on the interest and the residuals are within spitting distance of BMW's. Looks like we'll actually save a couple thousand over the 36 months...

+1,

I am also considering Penfed But the New Car Payment Saver loan option. It comes with lower interest than BMW lease and the residual is even more conservative after 3 yrs, which means that if I decide to sell the car early (in 36 months), there should be a lesser chance of being upside down. Also VA charges tax on full price of car. Couple that with no dealer and Acquisition fees, and the benefits of being able to mod the car etc, I think in this case it may be the better option for me. The payment is the same for me with a 60 month loan (which I can reconsider after 36 months as well) and a 3 yrs BMW lease. Except the later has more interest and 0 equity. Also penfed is easier to work with than Dealer haggling prices and fees.

[dowdlemj]

Originally Posted by kasher_khan

+1,

I am also considering Penfed But the New Car Payment Saver loan option. It comes with lower interest than BMW lease and the residual is even more conservative after 3 yrs, which means that if I decide to sell the car early (in 36 months), there should be a lesser chance of being upside down. Also VA charges tax on full price of car. Couple that with no dealer and Acquisition fees, and the benefits of being able to mod the car etc, I think in this case it may be the better option for me. The payment is the same for me with a 60 month loan (which I can reconsider after 36 months as well) and a 3 yrs BMW lease. Except the later has more interest and 0 equity. Also penfed is easier to work with than Dealer haggling prices and fees.

I'm looking at Penfed as well now. Has anyone been through the process there to comment on how easy it was? Particularly if you had an ED...

[RMNB]

Originally Posted by 335twins

dealer quoting me .00195 for the money factor, is he bending me over?

...like a $10 HO!!!

[nlpamg]

Not too bad. I'm looking forward to the holidays as well. Hopefully I can lock in a better rate then.

[rixride]

Seriously :

[MrSmileyDC]

Originally Posted by dowdlemj

I'm looking at Penfed as well now. Has anyone been through the process there to comment on how easy it was? Particularly if you had an ED...

I just got through the loan process and should have a check soon. Fairly simple. Applied online and exchanged a few emails about doing ED. They just needed the vin and purchase order from the dealer. I already see my loan in my Penfed account. It took about two weeks time.

[DJ Andy]

Originally Posted by 335twins

dealer quoting me .00195 for the money factor, is he bending me over?

Yes. Mine quote me 00135

[bradleyland]

Originally Posted by BV335

I said quick math right . My apologies, I didn't include the rest of the DP from selling my current vehicle (paid off). I was strictly looking at money financed and payments.

And if you had applied that same DP to a lease, the payment would have been even lower.

It's so hard to impress upon people that loan finance vs lease finance, there is no difference! You typically pay a higher finance rate when leasing, and it some states, you get stuck paying sales tax on the full purchase price of the vehicle. Otherwise, lease vs purchase, it makes no difference. You're still financing the same principle. The only difference is that with a lease, you have an agreed upon buy-back amount at the end of a specified term.

Think of leasing like purchasing a car with an agreement to sell the car at a specific point in the future. With that agreement to sell, there's no sense in financing any more than you absolutely have to. Bam. That's leasing.

[BGR]

Why with the dollar getting so strong?

[DJ Andy]

Originally Posted by DJ Andy

Yes. Mine quote me 00135

I meant 00013

[bradleyland]

Originally Posted by BGR

Why with the dollar getting so strong?

The dollar:euro exchange doesn't have anything to do with residual values.

[BGR]

Originally Posted by bradleyland

The dollar:euro exchange doesn't have anything to do with residual values.

I was more referencing the guy who said his lease is $100/mo higher now

[bradleyland]

Originally Posted by BMWJ

It's probably about a 10% change in cost of leasing the car. That's quite significant in my opinion.

A four point drop in residual is a real shit show.

Let's assume a $75k build.

2015: 63% residual is $47,250
2016: 59% residual is $44,250

That's a $3,000 difference in residual.

Someone leasing this car under the 2015 residual would be financing $27,750, so a $3,000 difference is actually over 10%.

Man, I'd be pissed if I missed the boat on 2015 residuals.

[bradleyland]

Originally Posted by BGR

I was more referencing the guy who said his lease is $100/mo higher now

Which still has nothing to do with the exchange rate.

The dollar:euro exhange rate would only have an affect on MSRP. I.e., BMW could (theoretically) reduce the US MSRP of the car because of the strong exchange rate. However, financing is all done in dollars, so it makes no difference what the dollar:euro ecxhange rate is.

The reason BMW hasn't reduced the MSRP is because manufacturers are risk averse. They hedge heavily against currency fluctuations.

[guarnibl]

Originally Posted by sittingmongoose

The 2016 M3 and M4 went down 3 points and the M4 convertible went down 4 points. I just got a call from my CA.

Residuals and money factor posted by V3rbatim:

You mean, the M3 went down 3 points, and the M4 went down 4 points. It doesn't appear that the vert rates are different than coupe here.

Either way, suck.

[moveswiftly]

I got really excited when this made the front page thinking better rates were announced LOL

[oslermarines]

Hey guys, can anyone check this deal for me?

2016 Alpine White M3
Sakhir Orange extended leather
Executive package
Lighting Package
19 inch rims
DCT
Black Kidney Grills

$73945 MSRP
$70748 Sale Price (includes $1000 cash allowance from UDE)
$69148 Invoice
$252 Tags/Title/doc fee

6% PA tax
MF 0.00130
residual 61% 36mo/12k

$995 Bank fee for lease only

PCD delivery
36mo/12k no money down is $877 per month everything rolled in
72mo Finance at 2.79% interest is ~$1077 per month, no money down

caveat is I don't want to take delivery until December so the residuals may get better. What do you guys think? is this a good deal? can i haggle for more? and should I lease or finance? high likelihood I keep this car for 5 yrs although things may always change

[GOLFFRR]

Originally Posted by oslermarines

Hey guys, can anyone check this deal for me?

2016 Alpine White M3
Sakhir Orange extended leather
Executive package
Lighting Package
19 inch rims
DCT
Black Kidney Grills

$73945 MSRP
$70748 Sale Price (includes $1000 cash allowance from UDE)
$69148 Invoice
$252 Tags/Title/doc fee

6% PA tax
MF 0.00130
residual 61% 36mo/12k

$995 Bank fee for lease only

PCD delivery
36mo/12k no money down is $877 per month everything rolled in
72mo Finance at 2.79% interest is ~$1077 per month, no money down

caveat is I don't want to take delivery until December so the residuals may get better. What do you guys think? is this a good deal? can i haggle for more? and should I lease or finance? high likelihood I keep this car for 5 yrs although things may always change

you may have better luck here where everyone is posting deals and feedback on 16 model deals
http://f80.bimmerpost.com/forums/sho...135003&page=41

[oslermarines]

Sorry! Yes I'm new here lol, I will post on that forum. Thanks!

Originally Posted by GOLFFRR

you may have better luck here where everyone is posting deals and feedback on 16 model deals
http://f80.bimmerpost.com/forums/sho...135003&page=41

[MDIVISION]

Originally Posted by dmk08

That sucks! Hopefully they do another killer 39/mo lease near the holidays.

Yeah thats what i got, plus the $1000 innovation credit

[F80NJM3]

Originally Posted by 335twins

dealer quoting me .00195 for the money factor, is he bending me over?

Just sideways.. Lol ... Go to another dealer if you're not getting the rate listed above. If you need a referral in the east coast Id be happy to help.