03-02-2016, 12:18 PM | #177 | ||
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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?
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03-02-2016, 12:20 PM | #178 | |
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03-02-2016, 12:21 PM | #179 | ||
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I don't know what I was saying. I'm awake now. LOL
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03-02-2016, 12:22 PM | #180 | |
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But holy shit that was bad
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03-02-2016, 12:43 PM | #181 | ||
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03-02-2016, 12:47 PM | #182 |
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With S55 and CSL rumors, and LCI around the corner, I wouldn't bet on a high resale value for first year models. May end up like the S52 Z3M...
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03-02-2016, 01:30 PM | #183 | |
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You're taking a gamble on a what if - 3 years from now. The residual is everything for someone leasing. Who knows what the resale value will be on this car in 3 years. You're hedging that it'll be higher than the expected residual value when the lease ends. If it's higher - than you trade or sell and make a few dollars before lease ends If it's lower - you're fucked lol Residual, Money Factor and Tax = Actual Cost Of Ownership Everything else is pixie dust that you're trying to determine 3 years too soon. This lease is terrible and BMW is simply having this be a finance car only for two reasons: 1) They have no idea how the market will react once this is in commerce 2) They have no idea how the resale will be for this car considering they may be tracked hard, etc... so they hedge on being overly conservative. Bottom line is nobody on here has a clue as to what these will sell for in 3 years, people can only go based off lease rates. This car is massively produced - it is NO 1M... |
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03-02-2016, 01:42 PM | #184 | |
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03-02-2016, 02:02 PM | #185 | |
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Leasing provides you with less risk.
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03-02-2016, 03:33 PM | #186 |
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03-02-2016, 03:34 PM | #187 |
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03-02-2016, 04:00 PM | #188 | |
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03-02-2016, 04:10 PM | #189 |
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There are three guys in the M4 forum that leased for under $1k. One guy got $901. You are probably getting screwed because you are in Florida, but I'm in Kentucky. March in Kentucky luxury sports car dealers are desperate.
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03-02-2016, 04:27 PM | #190 | |
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03-02-2016, 06:01 PM | #191 | |
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Share please
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03-02-2016, 06:06 PM | #192 | |
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03-02-2016, 07:11 PM | #193 |
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03-02-2016, 09:02 PM | #194 |
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That's why I might jump ship and get a M4 instead
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03-02-2016, 09:31 PM | #195 |
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Read an article today in a industry journal. Manufacturers are all worried about the record number of cars being leased and the potential glut of lease returns that are devalued as a result. One of the strategies to manage that risk according to the article is to reduce the residual values, the manufacturers are concerned that this change will result in lower sales/leases so we will probably see each manufacture take a different tact but looking at M3/M4 residuals recently and the M2 residual it seems BMW is headed in the direction of reducing the residuals to protect themselves.
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03-02-2016, 11:32 PM | #196 | |
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03-03-2016, 12:15 AM | #197 | |
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03-03-2016, 01:36 AM | #198 | |
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Basically what pruettfan reported is, if BMW leasing ends up stuck with a whole bunch of 60% residual cars. Dealers may not take them to sell, due to the fact that they can't sell them for high enough above the 60% residual to make a profit. Then the leasing department would have to sell it to the dealers at a loss. I believe this goes in cycles, when BMW dealers don't have enough good used BMW's to sell, residuals could go higher. When they have ample supply, residuals go lower. |
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