2016 M3 M4 residuals are out!

[bradleyland]

Originally Posted by supershaft

Aren't most people upside down by the 4th year when financing? And that's if you have an immaculate condition car?

When you move to positive equity depends on your financing. Term, down payment, finance rate, etc. In general though, you tend to be upside down at the beginning, then move toward having equity as you approach the end of the loan.

[sittingmongoose]

Originally Posted by e90im

Yep. I doubt they will reach mid sixties again, but based on what happened last year, I'm guessing fall rates to be:

10k 64%
12k 63%
15k 61%

Hopefully by fall you mean September

[WilliCO]

Originally Posted by jzmundy

I'm sorry...why is everyone acting so surprised at the lower residuals? This is typical for a new MY...

Originally Posted by bradleyland

Because it's a 4 point drop. I don't remember the E92 residuals dropping more than 2 points at any given time.

It's not that the current residuals are low, the previous residuals were surprisingly high. BMW usually goes into the mid 60s only for end-of-model cars or when they desperately want to prop up sales volume - neither being the case for the M3.

In the current economic climate, any time you have a residual with a number beginning with a 6, it's good. Best to focus on other aspects of the deal.

[bradleyland]

Originally Posted by WilliCO

It's not that the current residuals are low, the previous residuals were surprisingly high. BMW usually goes into the mid 60s only for end-of-model cars or when they desperately want to prop up sales volume - neither being the case for the M3.

In the current economic climate, any time you have a residual with a number beginning with a 6, it's good. Best to focus on other aspects of the deal.

I agree that 60's for residual are good, but (just an example) the 1-series had a +60% residual for nearly its entire run.

[FLOSS M]

any other programs/incentives currently running besdides UDE/Team USA ?

[MrSmileyDC]

Originally Posted by FLOSS M

any other programs/incentives currently running besdides UDE/Team USA ?

BMW CCA rebate is $500.

[Mako]

Are people actually upset about 62% residual on a M3??? go to Audi and Mercedes and see what their residuals are... What was the residual on the E92?

[WilliCO]

Originally Posted by Mako

Are people actually upset about 62% residual on a M3??? go to Audi and Mercedes and see what their residuals are...

+1

[V3rbatim]

Originally Posted by Mako

Are people actually upset about 62% residual on a M3??? go to Audi and Mercedes and see what their residuals are... What was the residual on the E92?

More like spoiled from the 65% residual.

[X2Board]

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...

Easy peazy! Penfed is the only way to go.

[jttBimmer]

Originally Posted by X2Board

Easy peazy! Penfed is the only way to go.

I'm for Mr. Google could answer this but that would be so much work. What the hell is Penfed?

[MavRick]

Originally Posted by jttBimmer

I'm for Mr. Google could answer this but that would be so much work. What the hell is Penfed?

It's short for Penetentiary de Federale. It's a Latin American funding services that recycles the money they got from drug kingpins like El Chapo and Escobar. Cheap rates but you're never really safe...

[MavRick]

Originally Posted by jttBimmer

I'm for Mr. Google could answer this but that would be so much work. What the hell is Penfed?

https://www.penfed.org/Payment-Saver-Auto-Loan/

[blinkme323]

My CA said that he doesn't expect the residuals to go up anytime soon, but I'm hoping they at least get bumped a percent or two over the next few months.

[BMV///M3]

Originally Posted by WilliCO

+1

58% on an S4. My buddy works at Audi. They even offer a 7500 mile a year plan :/

[bradleyland]

Originally Posted by blinkme323

My CA said that he doesn't expect the residuals to go up anytime soon, but I'm hoping they at least get bumped a percent or two over the next few months.

It's extremely out of the ordinary for a CA to tell someone anything resembling "things will be better in a month or two, so just wait."

[Tuscan]

Originally Posted by MavRick

It's short for Penetentiary de Federale. It's a Latin American funding services that recycles the money they got from drug kingpins like El Chapo and Escobar. Cheap rates but you're never really safe...

[deplaya]

I wish there was a chart with the residuals for the past year listed by month to have a better understanding of how they go up and down.

[jttBimmer]

Originally Posted by MavRick

It's short for Penetentiary de Federale. It's a Latin American funding services that recycles the money they got from drug kingpins like El Chapo and Escobar. Cheap rates but you're never really safe...

Well I never miss a chance to work with a good drug lord... sign me up...

[blinkme323]

Originally Posted by bradleyland

It's extremely out of the ordinary for a CA to tell someone anything resembling "things will be better in a month or two, so just wait."

Haha, fair point.

[FLOSS M]

Anyone hear that the Bank/Acq fee is going up to $925 effective August 1st?

[V3rbatim]

Originally Posted by FLOSS M

Anyone hear that the Bank/Acq fee is going up to $925 effective August 1st?

Some guy who claimed to work for bmw says the acq is going up. I wonder if the acq would go up even if the deal has been agreed on but the papers havent been signed yet.

Im schedule to go to my dealer on the first week of august (6hr drive) to sign the papers. I wonder if they would raise the acq fee on me. I even asked if they could mail me the papers so i can sign them and they said they couldnt and that i had to be present. Sounds like bs but whatever.