03-02-2015, 09:30 AM | #23 | |
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In normal circumstances, if you had a lease and showed up 6 months before it terminated, the dealer would roll in your negative equity from the buyout price, or the remaining payments into the new lease payment. In this case, yes, you are paying for it either way, and only the dealer is involved. Any dealer will gladly take a car you have and sell you a new one. The pull ahead program is only available at specific times, and BMW NA themselves (not the dealers) run the program. BMW will offer the dealer a buyback price on your car. If your car is something desirable that the dealer wants for their used car inventory they can take it, however they are ALLOWED to say no. This means if you show up with a car that is 50k over the allowed mileage, has been in a wreck, etc they can say "sorry your car doesn't qualify" and you are SOL. Or more likely, they will roll whatever negative equity into your new lease terms so they don't get burned. If you are like many people who drive BMW's though, who take generally good care of the vehicle, are under mileage, then it is valuable to them. BMW will also offer "Mulligans" that are incentives that if a dealer takes back a certain number of pull ahead vehicles, they can take in a crap vehicle and just send it directly to BMW NA for auction. When moving from lease to lease you need to consider: 1 - What a good deal is on the car you want 2 - What damages exist on your current vehicle that will factor into the negotiations ("waiving" damages usually just rolls the true cost back into your new lease) 3 - Whether or not your car has any pre-existing issues/mileage/etc that will make it undesirable. If you have all those numbers available and understand what your lease price should be, there is no way for a dealer to ring you around. In many cases the pull ahead is a great deal for the dealers since they sell you a new car, and can get newer cars with lower mileage and better condition into their used car lots.
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Previous: '11 E90 335i, '11 E90 M3, '16 VW GTI, '15 M235i, '13 335i, '08 TL-S, '00 Corvette |
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03-02-2015, 12:50 PM | #24 | ||
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-M
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Wife's Car: 2020 X4M Competition, Alpine White on Black Alcantara and Biege
Current Car: 2018 F80 M3CS, SMB, DCT, ZEC, MPE Recently Departed: 2020 F87 M2C, LBB, ZEC, 6MT (Euro Delivery Aug. 29, 2019, totaled by an idiot in a Camry who then ran from the scene) Wife's Prior Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017) |
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03-02-2015, 02:20 PM | #25 |
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Newb Question.
I just put a deposit on an base M235i I built (didn't see the need for leather or tech packages), I got what I consider a 'decent' deal (confirmed by some people on the forums) at essentially 6.5% off MSRP. $41,700. When the time comes in Mid April for delivery, how do I calculate the MSD's cost on a 10k 39 month lease? I keep hearing not to put cash down, but I also hear of people, like the OP, getting a more expensive MSRP for under $500/month, what's my best options here? |
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03-02-2015, 03:38 PM | #26 | |
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With tax and everything you should be paying $1800 due at signing (first month payment, tags etc) and ~$480 a month at 10k miles for 39 months. You won't even have to worry about security deposits for that. Just make sure they give you the .0013 money factor and that's all. They can definitely do that deal if not a little better. It's just harder to get a great discount on a car you ordered. So that percentage off is a good deal. Good luck man.
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Wife's Car: 2020 X4M Competition, Alpine White on Black Alcantara and Biege
Current Car: 2018 F80 M3CS, SMB, DCT, ZEC, MPE Recently Departed: 2020 F87 M2C, LBB, ZEC, 6MT (Euro Delivery Aug. 29, 2019, totaled by an idiot in a Camry who then ran from the scene) Wife's Prior Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017) |
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03-02-2015, 04:03 PM | #27 |
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I did get the .0013 MF and was approved, so I feel I got a good deal overall (considering another deal wouldn't give me a dime off the MSRP and .0017).
I'll have to look at the numbers, the 'quote' sheet BMW gave me at $3k down was about $510/month, hence my confusion when I see the deals people get here. Could it have to do with Texas leases and getting Taxed for the full price of the car? |
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03-02-2015, 04:05 PM | #28 | |
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Best, -M
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Wife's Car: 2020 X4M Competition, Alpine White on Black Alcantara and Biege
Current Car: 2018 F80 M3CS, SMB, DCT, ZEC, MPE Recently Departed: 2020 F87 M2C, LBB, ZEC, 6MT (Euro Delivery Aug. 29, 2019, totaled by an idiot in a Camry who then ran from the scene) Wife's Prior Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017) |
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03-02-2015, 05:23 PM | #29 |
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Good to know, I'll definitely be fine with either option, I just want to make sure I'm making the smart move, I feel like I already got the good MSRP and MF, now just to figure out the signing amount.
It's the best we can do in Texas I suppose! |
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03-02-2015, 05:59 PM | #30 | |
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Wife's Car: 2020 X4M Competition, Alpine White on Black Alcantara and Biege
Current Car: 2018 F80 M3CS, SMB, DCT, ZEC, MPE Recently Departed: 2020 F87 M2C, LBB, ZEC, 6MT (Euro Delivery Aug. 29, 2019, totaled by an idiot in a Camry who then ran from the scene) Wife's Prior Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017) |
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03-02-2015, 10:50 PM | #32 | |
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Thanks
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2020 X3M Comp., Alpine White on Black/Beige
RETIRED: 2018 440xi GC, Carbon Black on Black/Blue 2014 M235i Black on Black, DINAN Stage 2 |
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03-03-2015, 02:08 PM | #33 |
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Does anyone know invoice price for the M Performance Exhaust, for custom order, Port Installed Accessory, it should be a different percentage than the other car options.
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03-03-2015, 04:42 PM | #34 |
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Am I the only one who wishes leases were shorter? Good or bad - my generation doesn't see cars as long-term items. Cars are no different than iPhones. We should be able to trade them in after a year. I hope in the future shorter leases will be an option.
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03-03-2015, 05:58 PM | #35 | |
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I promise the above could make more sense if I had more time to write it out. But just know there is a reason new car sales keep rising despite the economy and that new car depreciation rates are getting worse and worse
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Wife's Car: 2020 X4M Competition, Alpine White on Black Alcantara and Biege
Current Car: 2018 F80 M3CS, SMB, DCT, ZEC, MPE Recently Departed: 2020 F87 M2C, LBB, ZEC, 6MT (Euro Delivery Aug. 29, 2019, totaled by an idiot in a Camry who then ran from the scene) Wife's Prior Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017) |
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03-03-2015, 09:33 PM | #36 |
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I personally embrace the depreciation caused by our throw away world. It means I can scoop up a 3 year old BMW for Kia money. That is a pretty awesome feeling.
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03-03-2015, 09:34 PM | #37 | |
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Wife's Car: 2020 X4M Competition, Alpine White on Black Alcantara and Biege
Current Car: 2018 F80 M3CS, SMB, DCT, ZEC, MPE Recently Departed: 2020 F87 M2C, LBB, ZEC, 6MT (Euro Delivery Aug. 29, 2019, totaled by an idiot in a Camry who then ran from the scene) Wife's Prior Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017) |
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03-04-2015, 02:02 AM | #38 |
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Actually, that's a good question - the depreciation is affected by long term reliability, right?
There's a 2005 e46 330 with 79k miles on Carmax going for something like $14k. so maybe about 40% or so of its original value or something like that? For a 10 year old car, that must mean something, even though BMW does have a reputation for expensive repairs over 100k miles...hopefully that says something about 3 (and maybe 2?) series reliability, vs. the higher end models (7 series cough cough) I hear you about throwaway culture these days, but it may be a vicious cycle...perhaps BMW doesn't have incentive for long term Toyota-style reliability because of this, and therefore things will never improve (i.e. why engineer something to last 500k miles without major issues, when ppl are going to lease something else after 30k?) |
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03-04-2015, 08:02 AM | #40 |
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Lease Question
Scout,
Thank you for your valuable info and guidance. I am looking to lease a 228 coupe that I will need to order. Options include Msport, Lighting, Moonroof and upgrade paint. MSRP comes to 38,500 What kind of sale price do you think I will be able to negotiate this down to? Money factor and residual I have been given for 36/12 is .00129 and 61%. Is this accurate? I am in Ohio and only like putting down first month payment at signing - no cap cost reduction or any other form of down payment. What do you think a competitive monthly would be under these terms? Thanks again Michelle |
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03-04-2015, 08:11 AM | #41 | |
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Wife's Car: 2020 X4M Competition, Alpine White on Black Alcantara and Biege
Current Car: 2018 F80 M3CS, SMB, DCT, ZEC, MPE Recently Departed: 2020 F87 M2C, LBB, ZEC, 6MT (Euro Delivery Aug. 29, 2019, totaled by an idiot in a Camry who then ran from the scene) Wife's Prior Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017) |
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03-04-2015, 08:11 AM | #42 | |
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Wife's Car: 2020 X4M Competition, Alpine White on Black Alcantara and Biege
Current Car: 2018 F80 M3CS, SMB, DCT, ZEC, MPE Recently Departed: 2020 F87 M2C, LBB, ZEC, 6MT (Euro Delivery Aug. 29, 2019, totaled by an idiot in a Camry who then ran from the scene) Wife's Prior Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017) |
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03-04-2015, 08:16 AM | #43 | |
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With basically nothing due at signing your payments should be right around: $472 a month including tax. They are giving you a hell of a deal on money factor and residual because usually for 36/12 the money factor is .0013 and residual is .59 (yes 36 months has been lower than or equally to 39 months). At 39 months it will be slightly cheaper
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Wife's Car: 2020 X4M Competition, Alpine White on Black Alcantara and Biege
Current Car: 2018 F80 M3CS, SMB, DCT, ZEC, MPE Recently Departed: 2020 F87 M2C, LBB, ZEC, 6MT (Euro Delivery Aug. 29, 2019, totaled by an idiot in a Camry who then ran from the scene) Wife's Prior Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017) |
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