05-21-2016, 03:53 PM | #177 |
TIM YOYO
1504
Rep 3,283
Posts
Drives: 2013 M3
Join Date: Jun 2010
Location: Vero Beach, FL
|
Agreed. That's why I said: "If you're interested in a deal, your choices are to wait, or to shop very, very hard and be willing to travel to pick up the car."
__________________
His: 2019 R1250GS - Black
Hers: 2013 X3 28i - N20 Mineral Silver / Sand Beige / Premium, Tech Past: 2013 ///M3 - Interlagos Blue Black M-DCT Past: 2010 135i - TiAg Coral Red 6MT ///M-Sport |
Appreciate
0
|
06-08-2016, 10:52 AM | #178 |
Administrator
40853
Rep 21,240
Posts |
Update 6/8/16:
Lease residuals and money factor remain the same in June (versus May).
__________________
Check on the Latest BMW News
Become a fan of Bimmerpost Facebook Follow us on Bimmerpost Twitter Subscribe to Bimmerpost Youtube Channel |
Appreciate
0
|
07-05-2016, 06:16 PM | #180 |
OOOO another former Audi B5 S4 owner OOOO
196
Rep 625
Posts |
with rates so low, just buy it... forget leasing this one.
Your local credit union will likely beat BMW Financial btw.... |
Appreciate
1
|
07-14-2016, 07:52 AM | #181 | |
Lieutenant
273
Rep 486
Posts |
Quote:
I can get 2.05% from my bank but I'm still going to get the dealer to shop it. |
|
Appreciate
0
|
07-14-2016, 08:04 AM | #182 | |
Brigadier General
2543
Rep 3,968
Posts |
Quote:
So yes, the dealer will normally want to originate the loan.
__________________
2011 1M, Black loaded sans sat radio
2021 911 C4S Gentian Blue, manual 2023 X3 M40i - loaded sans Park Assist |
|
Appreciate
9
|
07-14-2016, 08:31 AM | #183 | |
Lieutenant
273
Rep 486
Posts |
Quote:
|
|
Appreciate
0
|
07-14-2016, 10:54 AM | #184 | |
TIM YOYO
1504
Rep 3,283
Posts
Drives: 2013 M3
Join Date: Jun 2010
Location: Vero Beach, FL
|
Quote:
Again, there's nothing wrong with a dealer making a profit, but it's a caveat emptor situation. Sometimes dealers have wholesale relationships with banks, so their markup doesn't affect your purchase price, but if you have a credit score over 740, there's not a lot of room, even at a wholesale level. The competition for the top tier is to tough. The most important thing is to know what you're paying for, and to be comfortable with that. I don't squeeze every penny out of my dealer, because I want them to stay in business. I already drive 30 minutes to get service, and I'd hate to have to drive 75 to the next closest dealer, so I'm reasonable. In exchange, my CA shares every detail with me.
__________________
His: 2019 R1250GS - Black
Hers: 2013 X3 28i - N20 Mineral Silver / Sand Beige / Premium, Tech Past: 2013 ///M3 - Interlagos Blue Black M-DCT Past: 2010 135i - TiAg Coral Red 6MT ///M-Sport |
|
Appreciate
1
|
07-14-2016, 09:12 PM | #185 | |
Banned
7906
Rep 11,785
Posts |
Quote:
|
|
Appreciate
0
|
08-01-2016, 08:41 PM | #186 |
Private First Class
138
Rep 181
Posts |
Anyone with access to this sort of thing have updates on August rates? Fat chance there's been any change to lease or incentives but curious! Thanks in advance.
|
Appreciate
0
|
08-01-2016, 11:23 PM | #187 | ||
Banned
676
Rep 1,020
Posts |
Quote:
|
||
Appreciate
1
M3 Adjuster7905.50 |
09-17-2016, 12:06 PM | #188 | |
Molar World
47
Rep 916
Posts |
Quote:
Leasing an M2 doesn't make sense at current levels; it's a great looking car, but I'd rather have an M3 for less money anyday. Love the look of the 4-door sleeper.
__________________
Current: 2016 435i Coupe
Previous: 2014 335i Sedan; 2013 328i Cv, 2011 335i Sedan Gone But Not Forgotten: 2008 135i Convertible (my favorite) |
|
Appreciate
0
|
09-17-2016, 12:07 PM | #189 | |
Molar World
47
Rep 916
Posts |
Quote:
Agree 100% You can lease a $93,000 SL400 for close to $900-1000 month with zero down. BMW is crazy (as are anyone paying these lease rates) for a fairly basic car like the M2. I love the car....but wouldn't pull the trigger
__________________
Current: 2016 435i Coupe
Previous: 2014 335i Sedan; 2013 328i Cv, 2011 335i Sedan Gone But Not Forgotten: 2008 135i Convertible (my favorite) |
|
Appreciate
0
|
09-17-2016, 01:37 PM | #190 |
Major General
4449
Rep 7,594
Posts
Drives: '19 M2C
Join Date: Jun 2007
Location: Chicagoland
|
How are you guys figuring this math?
An M2 @ $57,295 @2.95 APR for 60 months is approx $1028
__________________
www.ReTuneTheDeTune.com
2019 M2 Competition (Sunset Orange) |
Appreciate
0
|
09-17-2016, 02:18 PM | #191 | ||
Banned
7906
Rep 11,785
Posts |
Quote:
|
||
Appreciate
0
|
10-27-2016, 03:16 PM | #193 | |
TIM YOYO
1504
Rep 3,283
Posts
Drives: 2013 M3
Join Date: Jun 2010
Location: Vero Beach, FL
|
Quote:
Lease rates are built like life insurance rates: built off actuary tables, which are built from mortality data for a given demographic. Ratings agencies publish ratings, which are based on historical data, market segment, and god knows what other data lurking around the myriad of databases ratings agencies keep. New models always have worse lease rates, because there is no history for the ratings agencies to factor in to their models. Finance companies make bets on whether they think the ratings are optimistic/pessimistic by setting the residual and money factor above or below ratings agency guidance. BMW doesn't care whether anyone buys or leases the car, because their financial chain doesn't change much: - Manufacturers sell the cars to distributors - Dealers buy the cars from distributors - Drivers buy the cars from dealers Financing happens all along the way. - The manufacturer uses financing to capitalize production. - The dealer uses financing to capitalize inventory. - Drivers use financing to capitalize their purchase. When someone uses financing, the financier writes a check to the seller. It's like when you mortgage a house. The mortgage issuer cuts a check to the seller. In the case of a car, that might be BMW Finance (a division of BMW Group), or it might be a 3rd party bank. BMW AG doesn't care, because BMW Finance operates as a separate entity. They have their own balance sheet, and they're responsible for the performance of their financing activities. You could say that BMW Finance doesn't want you leasing the car, but that's a misnomer as well. They're selling financing, not cars, and financing is priced on risk. It's not that they don't want you leasing the car, it's that the cars lease residual rating factors in the risk of it being an entirely new model at the top of its price range. That risk is reflected in the residual.
__________________
His: 2019 R1250GS - Black
Hers: 2013 X3 28i - N20 Mineral Silver / Sand Beige / Premium, Tech Past: 2013 ///M3 - Interlagos Blue Black M-DCT Past: 2010 135i - TiAg Coral Red 6MT ///M-Sport |
|
Appreciate
0
|
10-27-2016, 03:18 PM | #194 |
TIM YOYO
1504
Rep 3,283
Posts
Drives: 2013 M3
Join Date: Jun 2010
Location: Vero Beach, FL
|
It's not a mind trick. It's risk mitigation.
__________________
His: 2019 R1250GS - Black
Hers: 2013 X3 28i - N20 Mineral Silver / Sand Beige / Premium, Tech Past: 2013 ///M3 - Interlagos Blue Black M-DCT Past: 2010 135i - TiAg Coral Red 6MT ///M-Sport |
Appreciate
0
|
12-23-2016, 11:14 PM | #197 |
Brigadier General
2543
Rep 3,968
Posts |
48% for 15,000 miles and 36 months…add 2% for 12k and 3% for 15k.
__________________
2011 1M, Black loaded sans sat radio
2021 911 C4S Gentian Blue, manual 2023 X3 M40i - loaded sans Park Assist |
Appreciate
0
|
12-24-2016, 09:41 AM | #198 |
OOOO another former Audi B5 S4 owner OOOO
196
Rep 625
Posts |
thanks, but I don't keep up on such things. Is this GOOD or BAD?
I assume bad, and will likely shoot for the straight 2.9% for 72 months from BMW FS. |
Appreciate
0
|
Post Reply |
Bookmarks |
|
|