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      12-04-2011, 08:23 PM   #1
Jonny550
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No money down lease?

Iam looking to get into either an M3 or 335is ( preferably 335is) Iam looking for a 3 year lease with no money down or somewhat small downpayment ( $500-2000).



Just looking to see what some of the current 335is/ M3 owners put down on their current lease. Also what dealer you went to and what type of other offers they had for you.



All info welcome, Thanks alot guys.
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      12-04-2011, 08:56 PM   #2
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335is with 2000 down prob gonna be around 700 a month

m3 with 2000 down prob gonna be around 800-900 a month.
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      12-04-2011, 09:08 PM   #3
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Quote:
Originally Posted by justinnum1 View Post
335is with 2000 down prob gonna be around 700 a month

m3 with 2000 down prob gonna be around 800-900 a month.
Up here, $3000 down 4 yrs...$900ish. We are getting boned.
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      12-04-2011, 09:24 PM   #4
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Up here, $3000 down 4 yrs...$900ish. We are getting boned.
ouch
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      12-04-2011, 09:34 PM   #5
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What's the thought process behind looking for a nice car with no money?
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      12-04-2011, 09:35 PM   #6
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Quote:
Originally Posted by justinnum1 View Post
335is with 2000 down prob gonna be around 700 a month

m3 with 2000 down prob gonna be around 800-900 a month.
where in south Fl are u?
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      12-04-2011, 09:38 PM   #7
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where in south Fl are u?
Ft.lauderdale/broward
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      12-04-2011, 09:41 PM   #8
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Ft.lauderdale/broward
Oh, Naples here. Trying to find a darn car club lol
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      12-04-2011, 09:50 PM   #9
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I have seen $5** ish payments for lease takeovers with 4-6k down in m3 for sale section. I know it’s a to to put down, but check that section out for takeovers.
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      12-04-2011, 10:05 PM   #10
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Quote:
Originally Posted by John 070 View Post
What's the thought process behind looking for a nice car with no money?
+1 ... if you can't afford it then you shouldn't even do it..
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      12-04-2011, 11:02 PM   #11
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What are you guys complaining about. Up here 5k down and you'd probably still pay $1500-month for a 335is
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      12-04-2011, 11:11 PM   #12
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Quote:
Originally Posted by phistyle View Post
+1 ... if you can't afford it then you shouldn't even do it..
I could afford any BMW just dont like putting down $2k+ for basically renting a car.


Sure i might have " some " equity in the car in 3 years but its simply not worth it for me.
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      12-05-2011, 12:07 AM   #13
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Jon might be better off looking at a 335i bro
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      12-05-2011, 12:13 AM   #14
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I don't understand why some of you think he cant afford it! He is looking for a deal, like I was. I put my money else where and make some money off of it where a car is a sinking ship. I paid 600 and 0 down and my monthly payments are 600. I could have bought the car in cash but why would I do such an idiotic thing? Now op, if you want to drive an m3 as a lease with lower payments then be ready to pony up some cash.
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      12-05-2011, 01:30 AM   #15
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Quote:
Originally Posted by BMDUB328i View Post
How is purchasing a car cash idiotic? What is the interest rate on a lease? Its better to OWN a car then to RENT a car. In my opinion financing is okay if one is opting to purchase the car later on down the road. I just don't like the feeling of having to make a payment at the end of the month, pay up front and thats it!

1) paying it off does nothing for my credit score.

2) why pay it off then go through the hassle of selling it and if i cant find a buyer get ripped off by a dealer .

3) its much easier to pay a monthly payment then just swap it out for some new wheels in 2-3 years.



I preferably want a 335is, I just through the M3 deal out their to see if anyone has received a good deal on one.


Yes financing is an option but do i really want to put %20 down on a $60,000 car that i will get bored with in 2 years?


Like i said, Leasing is better from my standpoint and also throwing a wad of cash down on " RENTING " a car seems totally outlandish in general. The car will just depreciate over time and i will wind up with %50 of my down payment in equity. Its practically flushing benjamins right down the toilet. I rather just throw the least amount down then drive another brand new lease right off the showroom floor in 36 months.




No more financial lessons please. Back on topic.
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      12-05-2011, 01:52 AM   #16
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Quote:
Originally Posted by John 070 View Post
What's the thought process behind looking for a nice car with no money?
the thought process is that its a lease, you are going to pay the same amount at the end, so why put money down. i have a 2011 335 sedan for $600 per month, with first month down, i believe my rate is 4.95. sticker was 49,600 they had come down a little on the sticker but i cant remember exactly, i had $1500 in equity on my trade, this was in july rates may be different now. it is thirty a month per thousand so if you do some math you can figure it out.
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      12-05-2011, 04:20 AM   #17
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Lfor

For a guy who could buy any BMW he wants you sure have more
Money than brains. Try posting in the right section
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      12-05-2011, 09:31 AM   #18
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Again, my words of wisdom:

1) put 16,500 into a 401k (some of you would have it done in a matter of months, but spread it out over the year to get your employer's match)

2) if eligible, max out a ROTH

3) pay down the principal of your mortgage, ideally get it paid in 13 years

4) car payment should not be more than 10% of your monthly net pay

Those who've said, "I put zero down on my car because I put my money somewhere else," I've never seen once on this forum where somewhere else was that made any sense at all. Maybe gold at 2004 prices? LOL
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      12-05-2011, 09:51 AM   #19
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It's generally accepted that it's not a good idea for most people to put a significant amount of money down on a lease. The only reason to do so might be for someone who gets a monthly car allowance through their employer, and may need the down payment to keep the payment below their allowed amount. Also, don't forget that if the car is stolen or totaled in an accident, that down payment money essentially disappears into thin air.
This sight is a great resource for leasing, and shows current rates for BMW's:

http://www.ridewithg.com/

I leased my 335is.
MSRP was 61K, negotiated price was 57K.
Paid all inception costs, plus an additional $1800 down
Lease rate .00185 (about 4.4% APR)
36 months, 10K miles/year
Monthly payment: $700
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      12-05-2011, 10:21 AM   #20
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Quote:
Originally Posted by fatass View Post
For a guy who could buy any BMW he wants you sure have more
Money than brains. Try posting in the right section
You probably placed down half of your life savings to acquire your car. Sorry but your in the wrong thread iam looking for a " deal " . When I want to get ripped off iall pm you.




Seriously people some posters are acting like children, please be adults about it. ( if you are ) if not, then I forgive your immaturness.
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      12-05-2011, 10:41 AM   #21
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Quote:
Originally Posted by BMDUB328i View Post
How is purchasing a car cash idiotic? What is the interest rate on a lease? Its better to OWN a car then to RENT a car. In my opinion financing is okay if one is opting to purchase the car later on down the road. I just don't like the feeling of having to make a payment at the end of the month, pay up front and thats it!

Here is what I did with my 60k, you tell me what you think. I bought an investment property (foreclosure) for 260k with 25 percent down payment, I spent another 30k and fixed the property in 30 days. Just sold the same property for 383k! What would have I gotten if I paid my car cash? My interest rate apr is 4 percent... There are tons of other investments you can make.. I ll rent my car all day when I can get an incredible return on my money! You be proud of owning and look down on me for renting :-)
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      12-05-2011, 10:52 AM   #22
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I got a 2011 2300 miles 24 months left had for 3 months 335is 61K white wit red lease take over for 690 a month no need for any money down
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