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      07-12-2012, 04:04 PM   #1
is300wrx
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2013 M3 Coupe lease

Hey all. Can you let me know if I am getting a good deal?

2013 M3 Coupe
Selling price $72,695.00 (includes rebates and specials)
MSRP $77,195.00
MF: .00175 (currently a BMW customer)
Residual: 57%
15,000 miles for 36 months

$979.00 per month (not including sales tax)
Due at signing $2850.00 (no cap cost)

Thanks
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      07-12-2012, 04:06 PM   #2
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You plan on driving the car less than 5000 miles a year?
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      07-12-2012, 04:07 PM   #3
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You plan on driving the car less than 5000 miles a year?
I am guessing 15k/yr for 36 months.
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      07-12-2012, 04:19 PM   #4
is300wrx
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Sorry, 15k per year. 36 month lease
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      07-12-2012, 05:26 PM   #5
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Quote:
Originally Posted by is300wrx
Hey all. Can you let me know if I am getting a good deal?

2013 M3 Coupe
Selling price $72,695.00 (includes rebates and specials)
MSRP $77,195.00
MF: .00175 (currently a BMW customer)
Residual: 57%
15,000 miles for 36 months

$979.00 per month (not including sales tax)
Due at signing $2850.00 (no cap cost)

Thanks
Which dealership is this thru? Any idea what the rates for the left over 2012's are like?
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      07-12-2012, 05:31 PM   #6
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damn that is one loaded M3 - sounds good
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      07-12-2012, 05:40 PM   #7
is300wrx
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Thanks. Just want to see if this is a good deal.
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      07-12-2012, 05:49 PM   #8
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Quote:
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Thanks. Just want to see if this is a good deal.
Just so you know the same car in Australia costs AUS$180,000!!!!!!!!!!
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      07-12-2012, 10:42 PM   #9
is300wrx
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Btw, it's $2500 over invoice...
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      07-13-2012, 07:00 AM   #10
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Do you absolutely need rear sets? Take a look at the 2013 981 Porsche Boxster S that was just released. It would probably be similar in terms of a lease and it is one sweet car.

Dave

Just a thought...

Former car - 2007 335i JB3
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      07-13-2012, 10:05 AM   #11
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Do you absolutely need rear sets? Take a look at the 2013 981 Porsche Boxster S that was just released. It would probably be similar in terms of a lease and it is one sweet car.

Dave

Just a thought...

Former car - 2007 335i JB3
NOOOOOOOOPE

not even close bro, quotes ive been getting are out the fucking roof on a boxster s right now. its also a way more expensive car option to option.
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      11-13-2012, 10:03 AM   #12
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Well if you can afford then nothing is better then it because the BMW is a leading brand in cars. I think you should just sign the agreement papers tomorrow and get the new car. It is a wise decision. Gud Luck
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      11-13-2012, 10:54 AM   #13
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Leasing a car is a really, really, poor financial decision, think about it, you are going to pay $39,000+ to essentially rent a car for three years. After the three years is up you have lost all of that money and you have no investment gained, no asset of your own, you would be so much better off just paying for a used m3 with cash (you can pick one up for $39k), that way you will actually have something that you own.
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      11-13-2012, 11:46 AM   #14
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Leasing is bad if you can't afford to do it. Otherwise its great.
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      11-16-2012, 12:01 PM   #15
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Quote:
Originally Posted by kingofthedemo View Post
Leasing a car is a really, really, poor financial decision, think about it, you are going to pay $39,000+ to essentially rent a car for three years. After the three years is up you have lost all of that money and you have no investment gained, no asset of your own, you would be so much better off just paying for a used m3 with cash (you can pick one up for $39k), that way you will actually have something that you own.
I disagree, some cars are better to lease than others. Making a blanket statement about leasing (or buying) isn't fair for those who are asking for advice here.

A car is a depreciating asset, no matter how you obtain it (lease, buy, etc). Even if he bought the car today, after 3 years the car would be worth roughly the same amount as if he leased it (simplified comparison, I know).

The benefit of a lease is that the residual value at least end is set today, whereas when you buy it, the market dictates the value. Imagine if gas shot up to $10/gallon in 3 years from now. The market for V8/gas-guzzling cars will be much smaller, and the value of the car might be artificially lower than what it would be at lower gas prices. A lease protects you from that market value "gap". In exchange, you pay a slightly higher interest rate to the leasing company.

His MF is equivalent to roughly 4.2% APR, which isn't great, but also isn't bad for a lease.

In today's world of near free money, it makes no sense to pay for any car in cash. You are better off doing 100% financing or simply leasing with as close to $0 up front as possible. For some, leasing is the only affordable way of driving a brand new car, compared to 100% financing over a 36 or 60 month term.
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      11-16-2012, 12:27 PM   #16
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Base 2013 M3s can be leased right now for sick ass cheap

$500/mo $0 down if euro delivery

$600/mo $0 down for US delivery

It'd be almost foolish to buy instead of lease a new m3 right now unless you're deadset on keeping it for years and years and years, considering that the F32 M3 will be out in a couple of years. Lease the e92 for 3 years, then decide if you want to buy it out or get the F32. Leasing gives you that option, plus its a no brainer lease at this price.
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      11-16-2012, 12:33 PM   #17
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Quote:
Originally Posted by Stupenal View Post
Base 2013 M3s can be leased right now for sick ass cheap

$500/mo $0 down if euro delivery

$600/mo $0 down for US delivery

It'd be almost foolish to buy instead of lease a new m3 right now unless you're deadset on keeping it for years and years and years, considering that the F32 M3 will be out in a couple of years. Lease the e92 for 3 years, then decide if you want to buy it out or get the F32. Leasing gives you that option, plus its a no brainer lease at this price.
You need to provide more details. How many security deposits? Term and mileage/year? What is the negotiated price for the car?
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      11-16-2012, 12:34 PM   #18
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Quote:
Originally Posted by kingofthedemo View Post
Leasing a car is a really, really, poor financial decision, think about it, you are going to pay $39,000+ to essentially rent a car for three years. After the three years is up you have lost all of that money and you have no investment gained, no asset of your own, you would be so much better off just paying for a used m3 with cash (you can pick one up for $39k), that way you will actually have something that you own.
have you ever leased a car?
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      11-16-2012, 12:49 PM   #19
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Quote:
Originally Posted by kingofthedemo View Post
Leasing a car is a really, really, poor financial decision, think about it, you are going to pay $39,000+ to essentially rent a car for three years. After the three years is up you have lost all of that money and you have no investment gained, no asset of your own, you would be so much better off just paying for a used m3 with cash (you can pick one up for $39k), that way you will actually have something that you own.

In a lease, if you were to have a bad accident, you can walk away from the car with no cash outlay. Plus, you're not paying for maintenance (where as you are on a used M3), and when you get rid of the car, you don't have to go through the hassle of negotiating with potential buyers, worry about scams, and owing more than you owe.

I should point out that on BMW's current cars having a money factor of 0.00125, * 2400, your effective interest rate is 3%.
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      11-16-2012, 01:16 PM   #20
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You need to provide more details. How many security deposits? Term and mileage/year? What is the negotiated price for the car?
36mo 10k/year

12k/year bumps it up +/- $30/mo

15k/year an additional $36/mo on top

in other words, the deal is there regardless of mileage.

Max MSDs

Negotiated price is $750 above invoice before any credits. This is the exact quote i got from the dealer (he sold me my previous car, my friend just bought his 3rd car from him).

E92 M3 for F30 328i prices.
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      11-18-2012, 02:05 AM   #21
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Originally Posted by kingofthedemo View Post
Leasing a car is a really, really, poor financial decision, think about it, you are going to pay $39,000+ to essentially rent a car for three years. After the three years is up you have lost all of that money and you have no investment gained, no asset of your own, you would be so much better off just paying for a used m3 with cash (you can pick one up for $39k), that way you will actually have something that you own.
you are right 100%
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      11-18-2012, 08:03 PM   #22
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Quote:
Originally Posted by Stupenal View Post
Base 2013 M3s can be leased right now for sick ass cheap

$500/mo $0 down if euro delivery

$600/mo $0 down for US delivery

It'd be almost foolish to buy instead of lease a new m3 right now unless you're deadset on keeping it for years and years and years, considering that the F32 M3 will be out in a couple of years. Lease the e92 for 3 years, then decide if you want to buy it out or get the F32. Leasing gives you that option, plus its a no brainer lease at this price.
Is that pre-sales tax? Do you mind posting or pm'ing me the mf and residual. I'm most interested in the mf. I got a quote about a month ago on a euro delivery m3 at only 1k over ED invoice and even with max SD I was looking at around $660/month w/ 0 down. That included sales tax though and the car I specced wasn't completely stripped. I had about 5k in options.
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