Car and Bike Talk Discussions and comparisons of cars and motorcycles of all makes and models.

Anyone know anything about M3 leases?

Thread Tools
 
Old 03-03-2009, 08:01 PM
  #1  
Registered User
Thread Starter
 
bjohnston's Avatar
 
Join Date: Nov 2001
Location: Southern Part of Heaven
Posts: 1,809
Likes: 0
Received 0 Likes on 0 Posts
Default Anyone know anything about M3 leases?

Just wondering if anyone knows anything about what M3s lease for. I built a relatively basic one on BMW's website with a sticker of $60,850, and it said a 36 mo. lease with $2,500 cap cost reduction (I think) and 10,000 miles per year is $1,126/mo. That makes no sense. You can get a $45K 335i for only $519/mo. with similar terms and a $63K 550i for $649/mo. with similar terms. How can a $60,850 M3 lease for $1,126/mo.? I could also do a 60 mo. finance at 5.99% for $55K and pay $1,063/mo., and I have to believe that I can get $5K off an M3 nowadays. What gives?
Old 03-03-2009, 08:07 PM
  #2  
Registered User
Thread Starter
 
bjohnston's Avatar
 
Join Date: Nov 2001
Location: Southern Part of Heaven
Posts: 1,809
Likes: 0
Received 0 Likes on 0 Posts
Default

Or, does anyone know what CTS-Vs lease for (is GM still in the leasing game)???
Old 03-03-2009, 09:17 PM
  #3  
Registered User
 
Nimbus's Avatar
 
Join Date: Nov 2000
Location: Rowland Hts, CA
Posts: 3,472
Likes: 0
Received 1 Like on 1 Post
Default

You can't compare leases like that. Different cars have different residuals and rates when it comes to leases that determines the monthly payment.
Old 03-03-2009, 10:09 PM
  #4  

 
Chris S's Avatar
 
Join Date: Jan 2001
Location: North Richland Hills, TX
Posts: 11,613
Received 1 Like on 1 Post
Default

BMW heavily subsidizes leases much of the time on certain cars like the 3 series, but not on others like the M3 and 135.

I wouldn't be surprised if a 135 costs more to lease than a 335. It's just a reflection of what they try moving via incentives.

Maybe BMW Financial is less motivated to lease a car that's more likely to be beat on?
Old 03-04-2009, 02:06 AM
  #5  
Registered User

 
j03chu's Avatar
 
Join Date: May 2005
Posts: 1,125
Likes: 0
Received 0 Likes on 0 Posts
Default

i saw a lease deal thrown out by a dealer/vendor from m3post. it was a fully opted m3 convertible lease, no down, 850$/month for 36 months. SUCH a STEAL. I'm not sure if this particular deal is still going and im not advertising FOR it. but i just remember drooling and cussing when i saw it on m3post.
Old 03-04-2009, 03:17 AM
  #6  
Registered User
 
reedkr2's Avatar
 
Join Date: Jan 2002
Location: TX
Posts: 1,216
Likes: 0
Received 0 Likes on 0 Posts
Default

$519 for a 335i?! I've never heard of people paying this, usually its around a couple dollars higher to lease one. As for the M3, the extra cost is for a car with soul
Old 03-04-2009, 03:55 AM
  #7  
Former Moderator

 
Poindexter's Avatar
 
Join Date: Oct 2003
Location: Burlington, VT
Posts: 24,162
Likes: 0
Received 3 Likes on 3 Posts
Default

Where are you getting your numbers? The only way you're getting things that low is if you're looking at the Money Factor and Cap Reductions for a BMW employee.
Old 03-04-2009, 06:15 AM
  #8  
Registered User
Thread Starter
 
bjohnston's Avatar
 
Join Date: Nov 2001
Location: Southern Part of Heaven
Posts: 1,809
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by Poindexter,Mar 4 2009, 12:55 PM
Where are you getting your numbers? The only way you're getting things that low is if you're looking at the Money Factor and Cap Reductions for a BMW employee.
Not to be a dick, but they aren't too hard to find. http://www.bmwusa.com/Standard/Content/Fin...easeOffers.aspx Why is it that dealers ALWAYS act so incredulous when you mention nationally advertised manufacturer's lease deals? Salesperson: "Where are you getting those numbers??????" Like I just said the sky is green. "Uh, right off BMW's website..." Looks like I was about a thousand off on the cap cost reduction ($3,500 v. $2,500), but that's no big deal.
Old 03-04-2009, 06:18 AM
  #9  
Registered User
Thread Starter
 
bjohnston's Avatar
 
Join Date: Nov 2001
Location: Southern Part of Heaven
Posts: 1,809
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by Nimbus,Mar 4 2009, 06:17 AM
You can't compare leases like that. Different cars have different residuals and rates when it comes to leases that determines the monthly payment.
I know that, but, again, the M3 lease makes no sense when I can finance the whole damn purchase for a lower montly payment than the lease. I was just wondering if anyone had any firsthand knowledge of what these things actually lease for (I can't imagine anyone going for the lease deal calculated through BMW's website).
Old 03-04-2009, 06:45 AM
  #10  

 
Chris S's Avatar
 
Join Date: Jan 2001
Location: North Richland Hills, TX
Posts: 11,613
Received 1 Like on 1 Post
Default

I think the point is that BMW discourages consumers from leasing M3's, and puts disadvantageous enough terms to steer shoppers into 335i leases or M3 purchases.


Quick Reply: Anyone know anything about M3 leases?



All times are GMT -8. The time now is 11:16 AM.