[BEM-S4]

Originally Posted by dmk08

Yep 7k due at signing on that lease.

Um, yeah. I could lease a Mclaren for $399 a month if I threw enough down at it. Those lease commercials and advertisements should be illegal, they are all such complete bullshit.

[miiipilot]

this is so infuriating. Why release residuals and MFs when there are no friggen cars other than the HEAs? WTH!

I was so hoping to finish my week looking for fights, hotels and roads.

THIS ISN'T FUN ANYMORE

[RickFLM4]

Originally Posted by ACZakka325i

What is due at signing? I believe this deal is with large cap cost reduction and before tax. Please do not misinform people around here. This deal is same as any, if it sounds too good to be true ......

Probably also 7,500 miles / year...

[Aloha Joe]

Originally Posted by BEM-S4

Um, yeah. I could lease a Mclaren for $399 a month if I threw enough down at it. Those lease commercials and advertisements should be illegal, they are all such complete bullshit.

Yep, $7k spread out over 27 months equals to $259 additional monthly before taxes & fees. Porsche to customer "but you're so lucky, instead of the $259 per month, we'll let you pay it all up front!"

[DS_BMW]

Originally Posted by RickFLM4

Probably also 7,500 miles / year...

Probably only 5k.

[gthal]

Don't know if it is different in Canada but I was just told by the GM of my dealership that the residual for the M2 is 59% for 36 months at 24,000km's or 61% at 20,000km's per year. This was based on an email he had just received from BMW Canada.

Also, lease interest rate of 5.9%.

I can't imagine the residual is 10% higher in Canada than the US.

[Powaup]

Originally Posted by gthal

Don't know if it is different in Canada but I was just told by the GM of my dealership that the residual for the M2 is 59% for 36 months at 24,000km's or 61% at 20,000km's per year. This was based on an email he had just received from BMW Canada.

Also, lease interest rate of 5.9%.

I can't imagine the residual is 10% higher in Canada than the US.

interesting...

[pruettfan]

All of those 911 leases are 5k a year.

[DS_BMW]

Originally Posted by gthal

Don't know if it is different in Canada but I was just told by the GM of my dealership that the residual for the M2 is 59% for 36 months at 24,000km's or 61% at 20,000km's per year. This was based on an email he had just received from BMW Canada.

Also, lease interest rate of 5.9%.

I can't imagine the residual is 10% higher in Canada than the US.

Maybe this whole thread is to get people worked up. :

[gthal]

Originally Posted by DS_BMW

Maybe this whole thread is to get people worked up. :

I actually worried his note to me was a typo so I wrote him back to clarify it was 59% and not 49% and he confirmed based on the documents he had from BMW Canada.

Maybe it's different in Canada? Maybe he keeps reading the BMW documents incorrectly? Maybe this thread is a big conspiracy by Audi and MB?

It's a big mystery at this point... all I know is the lease rate on my M2 will be 61% residual and the payment is $500/month less than my M4

[DS_BMW]

Originally Posted by gthal

I actually worried his note to me was a typo so I wrote him back to clarify it was 59% and not 49% and he confirmed based on the documents he had from BMW Canada.

Maybe it's different in Canada? Maybe he keeps reading the BMW documents incorrectly? Maybe this thread is a big conspiracy by Audi and MB?

It's a big mystery at this point... all I know is the lease rate on my M2 will be 61% residual and the payment is $500/month less than my M4

How do you get 61%?

[gthal]

Originally Posted by DS_BMW

How do you get 61%?

59% for 24,000km lease
+2% for 20,000km leases

I never put more than 16,000kms on a car a year so I always go low mileage leases and, therefore, higher residuals.

[RickFLM4]

I think 5.9% translates to a MF of almost .0025 so if there is a different residual between U.S. and Canada a portion of the difference may be getting made up through higher annual interest over the lease term in Canada. Maybe BMW is forecasting their expected future FX rates / trends into residuals? It is an interesting difference presuming the U.S. residual is correct.

Edit: Do you know the current residual and MF on a new M4 with comparable mileage?

[zenmaster]

Originally Posted by RickFLM4

I think 5.9% translates to a MF of almost .0025 so if there is a different residual between U.S. and Canada a portion of the difference may be getting made up through higher annual interest over the lease term in Canada.

That doesn't come close to making up the difference. There is still a $200 USD diff in monthly payment with a %10 residual difference and 5.9%

[RickFLM4]

Originally Posted by zenmaster

That doesn't come close to making up the difference. There is still a $200 USD diff in monthly payment with a %10 residual difference and 5.9%

I said a portion and I believe it makes up more than 1/2 the difference on a $50K car in a lease.

I'm not sure how you came up with a $200/mo. difference factoring in interest. Even if you ignore the higher interest a 12% residual difference on a $50K car = $6,000 / 36 mos. = $167/mo. lower depreciation for the higher residual. However, the finance fee (interest) at .002458 (5.9%) would be almost $200/mo. or nearly double .00135. Higher residual / higher interest (MF) is better but by around $70/mo. not $200.

Need to remember that lease interest is not calculated the same as a loan that amortizes to zero. Mo. Interest = (gross cap cost + residual) X MF or use a financial calculator with PV as (gross cap cost), FV as residual and MF X 2,400 as interest rate to solve for payment.

[zenmaster]

Originally Posted by BEM-S4

Um, yeah. I could lease a Mclaren for $399 a month if I threw enough down at it. Those lease commercials and advertisements should be illegal, they are all such complete bullshit.

I'm not saying buying a sports car is the good financial advice, but ppl putting huge somes of money down when they could be investing it seems stupid.

[M3 Adjuster]

Originally Posted by M3 Number 86

OOPS!

Just woke up and was having a cigarette with sleepy eyes and foggy brain. Not profit.

Put $15 down. Drive the car 3 years $600/mo. Sell for $35. Pay off loan. Get back $21.6 after paying off loan.

You just drove the car for 3 years for your initial down payment. Unless something harsh happens.

Am I missing something else?

# way the hell better than leasing...

[M3 Adjuster]

Originally Posted by JNoSol

Gotcha. For some odd reason, I thought there will be only few thousands planned. I guess not. They only made 6300 1M, they do hold their value so well. Maybe the M2 GTS is what I'm thinking.

You have it correctly.

How many thousands are planned is still unknown but whatever the figure is, it will likely be significantly less than M3/M4, at least 50 percent less.

While the M2 will not hold its value anywhere near as well as the 1M, there is no doubt there will be fewer M2 than M4... So the real question is what is the likelihood that the M2 holds its value better than the F80 M4 over time just as the 1M has held its value over the E90 M3.

[stealth-twntrbo]

Originally Posted by Mo@BMWofFairfax

March 2016 rates:

15k miles, 36 months, residual is 49%, 12k miles is 51%, and 10k is 52%.

Money Factor is .00135

Residuals will get better on these cars. They will be low early on the as we get later in the year they will bump them.

I work for BMW when they first come out residuals are usually set low then they increase them.

The G12 7 was a 53% residual in Dec now it's 58%

[RingMeister01]

Thanks to this thread I said fcuk it and decided I'll just pay cash when the car arrives.

[stuckinoc]

Originally Posted by Kief

Yuppers. I just sold my M4 and leased a 2016 Jaguar F Type Coupe R February 1st for less than $1k per month.

You early adopters should consider PenFed's Payment Saver loan. Although you have to pay for sales tax, with BMW increasing the acquisition fee to close to $1k it still usually ends up being a better deal and you own the car.

So jealous...

[The Automotive Enthusiast]

Yup