05-04-2016, 07:08 PM | #45 | |
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05-04-2016, 07:16 PM | #46 |
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I want to know your dealer. I hear stories like this and then the truth comes out that a person had tier 2 pricing with the dealer, car has no options, it was sitting on the lot for 2 years, and they gave a blow job to everyone at the dealership. I couldn't come close to that on an 2016 M5 which is why I'm in a x5 at $900 a month that retailed for $83 and sold for $74. No idea how someone could get a $100k+ car for only be $100 more a month.
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05-04-2016, 07:21 PM | #47 |
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Temporary halo car to get you into the dealer and into an M3 or M4 and to maximize revenue over the period while they are hot. They won't canibalize M3/4 sales as there are only so many available and when you look at the two cars on a payment basis most people who lease would opt for the M3/4. Leasing is about getting more car for your payment for most people.
Great strategy, use one car to drive sales of the one where production and tooling costs are being amortized away and profit is up. IIRC there is no limit on number produced only over maximum capacity to produce in a given timeframe, I'm sure over time the residuals will rise. There's a reason BMW is so successful, compelling products, recognized brand and some great big brains deciding what to sell and when. Still doesn't explain the X6 or X4 though. The BMW version of a Chyaler Paciifica - an answer to a question no one asked.
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05-04-2016, 07:23 PM | #48 | |
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05-04-2016, 07:34 PM | #51 |
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All lease programs have deteriorated this month across all models save for the i3 and i8.
I'd expect the M2 lease to get better this time next year. Won't even see it be competitive until then. M3 is still the best M car on lease. |
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05-04-2016, 07:40 PM | #52 |
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Leasing is attractive to so many because it accounts for the most difficult thing to predict - market conditions years down the road.
Many people say they are going to keep a car forever or for some long period of time, but the truth is things change in our lives, new vehicles come out, and the market "pushes" certain vehicles over. Most people want new cars to drive every few years. Instead of tying up all the money on a purchase that almost definitely will land you upside down in 3 years, leasing delays that purchase decision with no real penalty. Love the car? Buy it out at residual. Hate it? Turn in the keys and walk away. |
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05-04-2016, 07:45 PM | #53 | |
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But actually the M2 is a return to BMW's roots. The M3/4 have become showy mid-sized luxury GTs. Vastly different target market than small-and-sporty.
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05-04-2016, 07:47 PM | #54 | |
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Then again, I'm still waaaaaay down on the list, and haven't even driven one yet.
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05-04-2016, 07:49 PM | #55 | |
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05-04-2016, 08:05 PM | #56 | |
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I believe they are just taking advantage of the strong demand knowing people will lease. Tax incentives is one such example. In the end, the manufacturer would prefer consumers treat cars like consumables, so we have to go back for more. Once supply is more in line with demand, we will see a rise in residuals. A car that has planned production for the next 3-4 years can't really be called limited in supply. There is no reason to believe that BMW wouldn't raise capacity to meet steady demand. Otherwise they are leaving money on the table. |
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05-04-2016, 08:08 PM | #57 |
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05-04-2016, 08:11 PM | #58 |
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Track use for leased M2
Does BMW have any restrictions for track use (HPDE) or autocross for leased M cars?
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05-04-2016, 08:16 PM | #59 | |
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05-04-2016, 08:27 PM | #60 | |
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BMW is selling M2 sizzle everywhere. But when you come to the table to get your dinner, there is M235, M3 and M4 everywhere. That's ok. You are hungry for M2. You can wait. And so you wait. And then you start wondering how much the M2 is gonna be ? Perhaps an M4 will do? No. You are hungry for M2. LBB even! And you wait. Meanwhile the M4 and M3 steaks keep popping up all over and you are still waiting for your M2. And then suddenly you overhear from the next table someone talking about good their M4 and how much nicer it is than the M2. And oh the PRICE of the M2 it was so horrible ... Unattractive lease rates force people away from choosing the M2 at the dinner table. Less options force people away. Those people that are forced away will take the volume sellers in the M235 , M3 and M4 and at the same time the dealer and BMW will make more profit on the sale of a car with more optional equipment. Some will go to Porsche. But Porsche is doing the same thing. @wilsel is correct .. " When a car has this much demand the lease terms are always a ripoff. Just look at the Cayman GT4." Exactly. Because at the Porsche table they are selling Cayman GT4... And when you get to the table they have plenty of Cayman S, GTS, and 911..... |
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05-04-2016, 08:31 PM | #61 |
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If you have a business where you can write off the lease it might still make sense but for anyone else leasing the M2 won't make sense. I read a lot about the auto industry and the manufactures are getting nervous about the level of leasing and having a bunch of used cars flood the market so they are becoming more conservative regarding residuals so we will likely see the cost of leasing go up a bit for a while. I suspect that will run in cycles.
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05-04-2016, 08:31 PM | #62 | ||
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I specced them out to about $71-72k, MSDs, 36 months/10k per, European Delivery, $0 down (no cap cost reduction) except for first month, msd, registration and bank fee. Loaded cars are in the $700's. |
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05-04-2016, 08:32 PM | #63 | ||
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05-04-2016, 08:39 PM | #64 |
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In GA we have to pay the full 7% sales tax on the value of the car even if you lease it. BMW financing has a way around this, but it's still worse than a regular lease. If you're lucky find a credit union with 1.69% and buy it!
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05-04-2016, 08:44 PM | #65 |
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Sales are down across the board, BMW "i" was a huge cash sink that hasn't had good sales and has just lost executive leadership, they're slashing the maintenance program, reducing the Euro delivery discount, and now this.
I smell blood in the waters at BMW. |
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05-04-2016, 08:46 PM | #66 | |||
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