Official 2015 M3/M4 pricing thread (post your deals)

[Stevens21234]

hey GOLFFR:

I'm hoping you or others can answer this question:

what's the benefit of financing with bmw (~3.5% interest on the low end) versus other banks with way lower interest rates (~1.9%)?

Are there hidden incentives

[DreF80///M3]

This is the deal I'm getting after an initial conversation about why I'm paying both msrp on the M3 and a markup in money factor. I'm ready to walk from this dealer, but just wanted to see if people are getting similar numbers. The 10.5 out of pocket is 7 Msds plus 3850 in startups (seems like miscellaneous fees for profit) including first month payment.

[Black Gold]

umm

two questions

1) is that a 29000 trade in on a 335is? that seems like a horrible price

2) what is up with the 3000 dollars in extra fees? seems like BS to me

[JasonX4MComp]

Originally Posted by KennyPowers

umm

two questions

1) is that a 29000 trade in on a 335is? that seems like a horrible price

2) what is up with the 3000 dollars in extra fees? seems like BS to me

2) There is no way around taxes and tags but the $600 Doc Fee is crazy

[Black Gold]

Originally Posted by Jason335iMsport

2) There is no way around taxes and tags but the $600 Doc Fee is crazy

ah didn't see that it was taxes

yes, big doc fee

[DreF80///M3]

Yes that's the amount they offered for my trade. It's a 2011 335is with 40k miles. He said since he had to forecast the trade into mid June he couldn't do any better.

The finance manager said the 3850 included first month, doc fees, tag title, and miscellaneous state taxes. Oh and the 1800 in negative equity.

[Black Gold]

Originally Posted by Dre335is

Yes that's the amount they offered for my trade. It's a 2011 335is with 40k miles. He said since he had to forecast the trade into mid June he couldn't do any better.

The finance manager said the 3850 included first month, doc fees, tag title, and miscellaneous state taxes. Oh and the 1800 in negative equity.

I think you could do way better than that personally

[DreF80///M3]

Originally Posted by KennyPowers

I think you could do way better than that personally

Yea, I believe so too. The first quote was worse than the one I posted. I don't need to be the first to get a F80. I will wait until some hype dies down and when it can be purchased without markups.

[s4play]

My CPA and I had a conversation the other day and he manages a lot of top tier Silicon Exec clients around the bay area too. I asked him why would anyone lease a car vs. buy, is there a secret to the tax advantage and he just shook his head. There is no conceivable reason why someone would lease since they always lose out money wise. You have no equity and the stupid limit on mileage is crazy!

No wonder dealers push the lease over a purchase

[GOLFFRR]

^^Lease vs finance is always going to cause a little debate however there are pros and cons to each. For some leases make more sense then financing and for others the opposite. Everyone has their reasons for doing what they do.

As a dealer we don't push either or. Some dealers mark up MF and fees yes however we don't and not all dealers do either.

[NikB316]

So I just spoke to my dealership again and I'm really tempted to go for an M4. My deal is $2500 off MSRP with no hidden BS fees. Money factor isn't marked up if I should choose to lease nor is the bank fee. No other hidden fees...I've leased from them before and they are a quality dealer.

I really haven't seen anything close to $2500 off MSRP. I did create a new thread about this but would love to get some input from you guys that have been at this longer than I have.

My dealer is JMK BMW in Springfield, NJ. I did just lease an M5 and a couple other cars from them but my sales rep, Lucas, did mention they would be able to hook up a few of my friends with the same $2500 discount as some of my local buddies are dumping their E9x for them. If anyone's interested his email is Lucas@jmkbmw.com. Just tell him Nik sent ya! Not sure how many of these he can do at this price but it's worth a shot.

I can understand a dealer selling at MSRP but above kind of pisses me off.

I see the comments above regarding lease vs. buy and I think it really depends on the car. My m5 made sense to lease as BMW gave it a 61% residual and $13k off MSRP. However on the new M3/4 buying is usually more attractive in the beginning as BMW keeps the residual a bit low for the first year or so. Of course one could always just lease and then after 3 years if their buyout price is better than market value buy it out! If not, well you don't have to worry about selling the car.

[Powaup]

Originally Posted by s4play

My CPA and I had a conversation the other day and he manages a lot of top tier Silicon Exec clients around the bay area too. I asked him why would anyone lease a car vs. buy, is there a secret to the tax advantage and he just shook his head. There is no conceivable reason why someone would lease since they always lose out money wise. You have no equity and the stupid limit on mileage is crazy!

No wonder dealers push the lease over a purchase

You do not have to worry about mileage+ turn in fee's if you buy the car out at lease-end. Also makes it easier to switching to a newer car, try selling a car with an accident history and your resale value will take a huge hit. If leasing all you have to do is turn the keys in at lease-end. If a car has horrible depreciation it protects you as well, just look at 3 year old X6s on the used market

[Powaup]

Originally Posted by NikB316

So I just spoke to my dealership again and I'm really tempted to go for an M4. My deal is $2500 off MSRP with no hidden BS fees. Money factor isn't marked up if I should choose to lease nor is the bank fee. No other hidden fees...I've leased from them before and they are a quality dealer.

I really haven't seen anything close to $2500 off MSRP. I did create a new thread about this but would love to get some input from you guys that have been at this longer than I have.

My dealer is JMK BMW in Springfield, NJ. I did just lease an M5 and a couple other cars from them but my sales rep, Lucas, did mention they would be able to hook up a few of my friends with the same $2500 discount as some of my local buddies are dumping their E9x for them. If anyone's interested his email is Lucas@jmkbmw.com. Just tell him Nik sent ya! Not sure how many of these he can do at this price but it's worth a shot.

I can understand a dealer selling at MSRP but above kind of pisses me off.

I see the comments above regarding lease vs. buy and I think it really depends on the car. My m5 made sense to lease as BMW gave it a 61% residual and $13k off MSRP. However on the new M3/4 buying is usually more attractive in the beginning as BMW keeps the residual a bit low for the first year or so. Of course one could always just lease and then after 3 years if their buyout price is better than market value buy it out! If not, well you don't have to worry about selling the car.

^^^^^
This is the real deal they're giving the discount off ED MSRP as well...

[igom3]

Originally Posted by GOLFFRR

No acq fee with select

What is the BMW select? Thanks

[consolidated]

ED MSRP, no more no less.

[NikB316]

Originally Posted by Powaup

^^^^^
This is the real deal they're giving the discount off ED MSRP as well...

Yeah dude they are kicking ass with their deals. I just got the exact specifics for those of you interested:

Both M3 & M4 : $2500 off MSRP

Doc Fee: $349
Acquisition Fee: $725
Money factor: .00133 (with MSD .00084)
Residual: 58% for 10k miles

M3 deal :
MSRP $ 75,150
Selling price $72,650
$961.91 36 month lease
With MSD $904.95

M4 deal :
MSRP $79,600
Selling price $ 77,100
$1,023.17 36 month
With MSD $962.77

Both numbers are with $0 down payment
Plus taxes , state fees
$725 bank fee and $349 are both due up front

If you didn't see my previous post just hit up Lucas@jmkbmw.com and mention my name. He'll take care of ya!

[Randy M]

Originally Posted by s4play

My CPA and I had a conversation the other day and he manages a lot of top tier Silicon Exec clients around the bay area too. I asked him why would anyone lease a car vs. buy, is there a secret to the tax advantage and he just shook his head. There is no conceivable reason why someone would lease since they always lose out money wise. You have no equity and the stupid limit on mileage is crazy!

No wonder dealers push the lease over a purchase

Yeah we had a thread about this here a month or so ago. Imo leasing is renting. Money factor, rate, mileage limitations etc etc. It's all crap. Leasing exists for one reason, it allows those to enjoy a car that could not otherwise do so without it. And they make money off of these people who want that instant gratification.

[DreF80///M3]

Thanks not a bad deal at all. If I could figure how to get my trade up there and get performance center delivery, I'd be all over it.

[GOLFFRR]

Originally Posted by igom3

What is the BMW select? Thanks

I am not sure what your looking for in the select terms and the balloon etc so I will give you the most common select financing request we get

5 years top tier credit
M3 40%
M4 39%

[NikB316]

Originally Posted by Dre335is

Thanks not a bad deal at all. If I could figure how to get my trade up there and get performance center delivery, I'd be all over it.

I used to live in So. Fla myself. When I didn't want to do the long drive from NJ to FL or reverse, I would use the Amtrak Auto train that goes between Washington D.C. and Orlando. Or what about shipping the cars? With $2500 off there's definitely some room there if your FL deal is no good. I never had a positive experience at any of the South FL east coast BMW dealers myself.

[DreF80///M3]

Originally Posted by NikB316

I used to live in So. Fla myself. When I didn't want to do the long drive from NJ to FL or reverse, I would use the Amtrak Auto train that goes between Washington D.C. and Orlando. Or what about shipping the cars? With $2500 off there's definitely some room there if your FL deal is no good. I never had a positive experience at any of the South FL east coast BMW dealers myself.

I will look into this. Thanks. You can see my "deal" above. I ended up walking. In talks with another dealer so we will see what happens.

[NikB316]

Originally Posted by Rated R

Yeah we had a thread about this here a month or so ago. Imo leasing is renting. Money factor, rate, mileage limitations etc etc. It's all crap. Leasing exists for one reason, it allows those to enjoy a car that could not otherwise do so without it. And they make money off of these people who want that instant gratification.

It really depends on the lease deal to see what makes more financial sense. On the current M3/4 the car will be worth more than the 58% residual BMW is putting on a 10k mile / year lease. Buying is a better option at the moment. However from time to time BMW tries to dump their cars by offering higher than market residuals. Example on the 2014 M5 the residual is 61% leasing! In 3 years this car will be worth 50% at best. In this case it makes more sense to lease. Leasing is renting but buying a depreciating asset doesn't really make sense either. Far different than buying/leasing property. I would have to disagree with that leasing is for people that cannot afford the car otherwise. I have family friends whom I would consider in the very wealthy category (8 figure net worth) and many of them lease as they just want to drive the latest every 3 years. It's a short enough period that the car is still under warranty/maintenance program. Also, if you can afford a lease payment you can usually get a very similar payment financing the car over double the time. It all comes down to preference IMO.

Buying preowned is really the smartest thing to do financially. On a new car it's a toss up depending on the deal available.

Anyway just my friendly .02 off topic