Get a 2018 F80 M3 or find something else?

[Padfan9]

Originally Posted by jmg

Now's the perfect time to buy because it's the apex of the F8X platform and we all know about apexing - apex late!! Most of the issues have been worked out and BMW has updated it as far as it will be updated. I think the first MY of the G80 is going to have the same growing pains of every other M3 generation. It's nice to be the first, but it's also nice to come in when the G8X gets some upgrades and updates. I'd buy/lease the F80, keep it for 2-3 years, swap or sell and get into the G80 if you are so inclined. I'll probably be doing the same when my F80 is up in a few months.

Love it. That's what I was thinking. Do you think mid 900s including tax is a good price for a 89K msrp M3, 3 year lease, 10k m per year w 3500 down. Thank you.

[Padfan9]

Originally Posted by Tacoma

So... in the past 3 years since 2015, you've gone through 3 cars (M4, M6, X6), is that right? If yes, then why break the trend... by all means get that 2018 M3 CP now and maybe the 2019 M4 CS next year and then you're good to go for the 2020 G80 and then the 2021 G82, etc. The search for perfection never ends.

Yes, sold my M4 after two years because the resell prices were dropping fast and I made the mistake of buying. Never again. I then leased an M6, loved it but didn't want to spend that much money while buying another home, so I got the X6, which has been great but I miss the M too much and can get it for only $100 more a month then I pay now.

[Padfan9]

Originally Posted by EricSMG

How is that possible? Your 3k down will only cover drives offs and not reduce the lease amount.

Residual is 51,300 @ 10k per year. Even if you got 10k off of msrp (unlikely), your payment would be in the 1100/month region assuming 7% tax rate and 4.5 apr.

What am I missing? Lease math is very straightforward, please post the deal details here.

I wrote it out based on memory, but after looking, this is the deal:

MSRP: $88,000
$9,250 off
$3500 down
$979 per month inc tax
36/10

[Padfan9]

Originally Posted by CASoxFan

That seems a bit light as my $82K M3 would've been around $975/month with nothing out of pocket other than drive-offs. I got around $8K off MSRP. If your sticker is at $90k (it must be loaded with CCB), and you mean $3K as a cap reduction plus drive-offs you'll be close, but I think you'll still creep over $1,000/month because rates are higher.

It doesn't have CCBs but it came with M Perf CF rear diffuser, Cf spoiler, CF splitters and lip, executive package, premium package, competition package; and every other possible thing except CCBs.

[Padfan9]

Originally Posted by aBMWfan

Ok these first year arguments, y’all have ur preferences, but I have 2015 and zero issues.

I did have the 2008 m3 and that had a ton of issues. So I think it really depends on the car, I guess I got lucky with the 2015... so far.

Anyways, OP (Brian) good to have you back. With all the new emissions laws and regulations we’ll see how the new m3 turns out. Not worth waiting for it tho I’d get the F80 comp. then move to G80 when it’s more feasible

Nice, I agree. I had my 2015 M4 and it was great but I also can't wait two years .... too impatient.

[Padfan9]

Originally Posted by nicknaz

Only you know why you sold your m4 and why you want an M3 but on the surface that doesn't make sense to me.

You'd still have your m4 if you loved the platform that much and if you really needed the space and seats you'd have kept your bigger vehicles

I also think a low miles '15 or '16 f80 with a few choice mods like full coilovers and wider wheels/tires would be a better drive for a lot less money than a new stock '18

Consider getting an f31 wagon to daily and a pure sports car as a toy. Lots of options with a $90k budget

I will never buy again..... I want to lease a new one and have 0 concern about warranty.

[jmg]

Originally Posted by Padfan9

Love it. That's what I was thinking. Do you think mid 900s including tax is a good price for a 89K msrp M3, 3 year lease, 10k m per year w 3500 down. Thank you.

I'd put nothing down on the lease. Drive off should only be tax, registration and first month. Make sure they are including those in that $3500 figure, otherwise expect to cough up another $2k. Dealerships love to mix up the down payment and the drive-off terms to massage the deal.

$2000 total out of pocket and $900/mo is decent considering the poor December lease programs. There are currently no holiday or lease cash incentives for the M3. That might change come January or Feb. Currently you can get a $4k incentive for the 3 series and the M3 CS, not sure why the M3/4 is excluded. If you are willing to risk lower inventory, I'd wait until Jan to see what programs they come up with. It's not a good time to lease right now unless you can get a dealer to go 15% off while keeping the buy rate MF. The chances of that will increase as December comes to a close.

[jmg]

Originally Posted by Padfan9

I wrote it out based on memory, but after looking, this is the deal:

MSRP: $88,000
$9,250 off
$3500 down
$979 per month inc tax
36/10

Does that down include the first month, tax, and registration?

I'm getting about the same numbers based on 0.00182 MF and a 57% residual but WITH a $2k loyalty incentive. HOWEVER, your total drive-off, is $5616, which includes first month, tax, registration, and $3500 down.

[aBMWfan]

Originally Posted by Padfan9

Nice, I agree. I had my 2015 M4 and it was great but I also can't wait two years .... too impatient.

Yeah that, and you can offset some of the F80 cost by getting the G80 when it’s more produced

[A4W]

I bought a new M3 at the end of August. Perfect color for me (YMB) and spec. It wasn't a great deal.

I've never been happier driving every day!

[Padfan9]

Originally Posted by jmg

Does that down include the first month, tax, and registration?

I'm getting about the same numbers based on 0.00182 MF and a 57% residual but WITH a $2k loyalty incentive. HOWEVER, your total drive-off, is $5616, which includes first month, tax, registration, and $3500 down.

It includes everything and my $3500 is covering drive offs...

[Padfan9]

Originally Posted by jmg

I'd put nothing down on the lease. Drive off should only be tax, registration and first month. Make sure they are including those in that $3500 figure, otherwise expect to cough up another $2k. Dealerships love to mix up the down payment and the drive-off terms to massage the deal.

$2000 total out of pocket and $900/mo is decent considering the poor December lease programs. There are currently no holiday or lease cash incentives for the M3. That might change come January or Feb. Currently you can get a $4k incentive for the 3 series and the M3 CS, not sure why the M3/4 is excluded. If you are willing to risk lower inventory, I'd wait until Jan to see what programs they come up with. It's not a good time to lease right now unless you can get a dealer to go 15% off while keeping the buy rate MF. The chances of that will increase as December comes to a close.

I got almost 10K off, so the extra incentive wouldn't be on top of that if I waited until Jan. Also, the perfect M3 I found wouldn't be there. It's the exact car I want.

Also, the $3,500 does cover drive offs.

[nicknaz]

Originally Posted by Padfan9

I will never buy again..... I want to lease a new one and have 0 concern about warranty.

Hey man, that's a personal choice and I can respect that.

As I'm sure you know, if you buy the right used car (e.g. 911 turbo at bottom of depreciation curve) you can really lower your costs, and can get some intangibles that are going away with the newer cars.

I personally don't see the point in paying double for a new '18 versus the very similar team earlier cars, especially with all the extended warranty options around. Get an early CF roof 6MT f80 and you'll be in good shape at resale

[Padfan9]

Originally Posted by nicknaz

Hey man, that's a personal choice and I can respect that.

As I'm sure you know, if you buy the right used car (e.g. 911 turbo at bottom of depreciation curve) you can really lower your costs, and can get some intangibles that are going away with the newer cars.

I personally don't see the point in paying double for a new '18 versus the very similar team earlier cars, especially with all the extended warranty options around. Get an early CF roof 6MT f80 and you'll be in good shape at resale

True, but I also got a really good deal. Plus, if you buy used, even with a great rate, 60 month loan term, you will end up with a higher payment then a lease even with a much lower sale price. Unless you buy the car in cash, then it makes sense.

[hlothery]

Very extensive and interesting discussion. My philosphy is very different. Always buy. Never, ever lease. The lease benefits the dealer. Always pay cash. Buying a car is not an investment, at least not a logical one. You pay for it with your logical investments. Get the best deal you can each time. Walk away clean and satisfied. Satisfied is an emotional/intellectual thing. Very little logic is involved for me. My wife wishes this was not true. YMMV, but I hope you enjoy your choices.

[sdshah]

Originally Posted by Padfan9

True, but I also got a really good deal. Plus, if you buy used, even with a great rate, 60 month loan term, you will end up with a higher payment then a lease even with a much lower sale price. Unless you buy the car in cash, then it makes sense.

Buying an 18 M3 brand new is already a bad idea at this point when looking at the market. Leasing might be worse with those residuals.

18's with under 5k miles with 84-85k MSRPs are selling for low 60's. If you are on the fence I would def look at that option.

All F80 year values are taking a dump and inventory is plentiful

[elinstylez]

Originally Posted by hlothery

Very extensive and interesting discussion. My philosphy is very different. Always buy. Never, ever lease. The lease benefits the dealer. Always pay cash. Buying a car is not an investment, at least not a logical one. You pay for it with your logical investments. Get the best deal you can each time. Walk away clean and satisfied. Satisfied is an emotional/intellectual thing. Very little logic is involved for me. My wife wishes this was not true. YMMV, but I hope you enjoy your choices.

Unless you can write off the lease as a business vehicle or can't stay in a car more than a few years. My dad likes to keep his cars forever so he pays cash but I seem to switch cars a lot. Pros and cons of each depending on circumstances.

[jmg]

Originally Posted by hlothery

Very extensive and interesting discussion. My philosphy is very different. Always buy. Never, ever lease. The lease benefits the dealer. Always pay cash. Buying a car is not an investment, at least not a logical one. You pay for it with your logical investments. Get the best deal you can each time. Walk away clean and satisfied. Satisfied is an emotional/intellectual thing. Very little logic is involved for me. My wife wishes this was not true. YMMV, but I hope you enjoy your choices.

I've bought all my cars the past 20 years. Honestly I'm sick of having a 6 yr old car that needs repairs and the constant uneasiness that something could go wrong at any time. Granted, I had a few Audis so I've been jaded :P but leasing these psst few bimmers has been such a good experience with excellent residuals, I don't see any reason to buy a brand new car yet. Maybe a CPO used car, but not a new one.

[Humdizzle]

I agree. no reason to buy new. especially with these cars. The S55 is a pretty solid motor, tons of R&D behind it with the N54 and N55 being its predecessors.

$36000 for a 3 year lease??

That's more than what my 458 has costed me to own over the last 3 years lol. (sales tax, property tax, service, depreciation included)

[EricSMG]

Originally Posted by Padfan9

I wrote it out based on memory, but after looking, this is the deal:

MSRP: $88,000
$9,250 off
$3500 down
$979 per month inc tax
36/10

Still not adding up for me. I just did this 6 months ago in SD and went through numerous calculations.

You're looking at roughly an 1100/month payment on that car.

Residual = 57% ($50,160)
Lease Factor = .001875 (4.5 apr) (you might get a bit lower but not much and this affects the payment marginally)
Selling Price = $78,750 (this is MSRP minus the 9,250 off)
Down = $3500 (but none of this counts towards the lease and will be used up the driveoffs)
Tax = 8%

Payment, with tax = $1118/mo

You're either not understanding how this works... OR... you're leaving about $4500 towards the price of car out of the equation (that's the amount needed to get your payment in the 975 range).

Not trying to debate.... just want to understand the numbers and make sure you're realistic.

[Padfan9]

Originally Posted by EricSMG

Still not adding up for me. I just did this 6 months ago in SD and went through numerous calculations.

You're looking at roughly an 1100/month payment on that car.

Residual = 57% ($50,160)
Lease Factor = .001875 (4.5 apr) (you might get a bit lower but not much and this affects the payment marginally)
Selling Price = $78,750 (this is MSRP minus the 9,250 off)
Down = $3500 (but none of this counts towards the lease and will be used up the driveoffs)
Tax = 8%

Payment, with tax = $1118/mo

You're either not understanding how this works... OR... you're leaving about $4500 towards the price of car out of the equation (that's the amount needed to get your payment in the 975 range).

Not trying to debate.... just want to understand the numbers and make sure you're realistic.

I don't know what else to say.... I put $3500 down, the selling price was $77,000 after the 9250 discount and I pay $993 inc tax

[jmg]

Originally Posted by EricSMG

Still not adding up for me. I just did this 6 months ago in SD and went through numerous calculations.

You're looking at roughly an 1100/month payment on that car.

Residual = 57% ($50,160)
Lease Factor = .001875 (4.5 apr) (you might get a bit lower but not much and this affects the payment marginally)
Selling Price = $78,750 (this is MSRP minus the 9,250 off)
Down = $3500 (but none of this counts towards the lease and will be used up the driveoffs)
Tax = 8%

Payment, with tax = $1118/mo

You're either not understanding how this works... OR... you're leaving about $4500 towards the price of car out of the equation (that's the amount needed to get your payment in the 975 range).

Not trying to debate.... just want to understand the numbers and make sure you're realistic.

10k is 61% residual this month. Was it the same when he bought?