01-25-2017, 09:47 AM | #67 |
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01-25-2017, 09:52 AM | #68 | |
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This could be quite an exercise and we would need to factor taxes, money down, rates etc. for both scenarios and then "guess" what the bought M2 can be sold for after three years. So how much was cost of leasing vs cost of owning over the 3 years? |
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01-25-2017, 09:57 AM | #69 |
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01-25-2017, 10:19 AM | #70 | |
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In your M2 financing scenario, with all factors such as price, credit and down payment being equal, the payments on typical financing terms are virtually identical at just over the $1000 mark both for a 3 year lease or a 5 year purchase. That number can vary from state to state but it varies equally between lease and purchase. At the 3 year mark you will probably break even on trade value at best on the purchase and break even by design on the lease, so neither has the advantage financially. Of course, this isn't to say that there are no scenarios where either the lease or the purchase benefits outweigh the other, but on the M2 they are currently pretty evenly matched. No coincidence, I'm sure Last edited by Die ///M Rakete; 01-25-2017 at 11:37 AM.. |
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01-25-2017, 10:20 AM | #71 | |
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No, Artemis is just rubbing it in our face - he likes to do that
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01-25-2017, 10:24 AM | #72 | ||
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Yeah I figured... my question in response was rhetorical |
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01-25-2017, 10:56 AM | #73 |
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She works from home. I can pick and choose
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01-25-2017, 10:58 AM | #74 | |
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Edit: Visited the dealership and they were removing the last traces of seaweed from the engine bay (not to mention the dead fish they pulled out of the air filter).
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Last edited by Arizona_Steve; 01-25-2017 at 06:40 PM.. Reason: It arrived! |
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01-25-2017, 01:03 PM | #75 |
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If you bought the M2 for speed and HP, you bought the wrong car.
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01-25-2017, 01:13 PM | #76 | |
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01-25-2017, 01:21 PM | #77 | |||
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I didn't have return on investment as part of my calculations. And for good reason. You indicated that in your opinion some buyers may not be able to afford an M4/M3 vs an M2. I disagree. In the US, MSRP for an M2 is 52k and an M3 at 65k is about 13 grand. Using 5 year loan rates at around 1.99 percent .. with all things being equal , that's a difference of about $120 a month. That's not like it's some huge gap in price differential. Now if you are in Australia and it's 130k vs 180k price that's a difference. The simple fact is the 65k base price of an M3 is very negotiable whereas the 52k price of an M2 is not. Factor in lease rates and a buyer can easily be styling and profiling In an M3/M4 for less than an M2. You pretty much can't lease an M2 for less than an M3/M4 actually therefore the only option is to buy the M2. If you want a more posh interior then buy an M4/M3. If you want to win drag race honors get an M4/M3. If you want to bench race over S designations. If you want a big car to impress your date or your neighbors get the M3/M4. If you want a fun, nimble , compact, sports car keep the M2. |
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01-25-2017, 01:26 PM | #78 |
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I owned an M4 for 2 years. I've owned an M2 since last June.
I like the M2 and wouldn't go back today. The M2 is more fun, sounds better and feels more nimble to me. I like its size too. I just enjoy driving the M2 more on the street than I did the M4. That's subjective and, to be honest, I'm not sure why but I really do enjoy how it feels, sounds and behaves more than I did my M4. Loved my M4 but I don't see me buying another one soon (although I'm known to change my mind). If I change my car in a year or two, it will be for a VW Golf R (daily) and a Corvette Grand Sport for the weekend.
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01-25-2017, 01:30 PM | #79 | ||||
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As for horsepower and speed and getting into that "debate", we all agree we like and enjoy that we get a measure of that with our M vehicles. If it wasn't important, a "nice-to-have" or enjoyable, we'd be driving a Spark or Yaris. |
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01-25-2017, 01:36 PM | #80 | ||
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Since you aren't trying to impress anyone.. leave comments like this in the hopper..
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Last edited by M3 Adjuster; 01-25-2017 at 01:47 PM.. |
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01-25-2017, 01:54 PM | #81 |
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no. you cannot.
you could perhaps find a used M2 from Canada.. I believe they have the moonroof option in Canada . You would not be able to by the vehicle new however... because there are restrictions on Canadian dealers selling new cars across the border to US citizens |
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01-25-2017, 02:24 PM | #83 | |
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My unique situation as a business owner, who will purchase the M2 at the end of the lease. Plus the way my contracts are set up through 2020, makes the lease option, even with the low residual, perfect for me. |
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01-25-2017, 02:24 PM | #84 | |||
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My comment on the affordability of an M2 vs M4 meant nothing more than the simple reality. An M4 costs more than an M2. Argue that all you want. Show me ANY dealer discounting a 2017 M3/4 to get even close to a $57k 2017 M2. Like you, I drive the M2 and I'm very happy with it. I guess thats where the similarity ends but I wish you will prove me wrong. |
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01-25-2017, 02:32 PM | #85 |
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01-25-2017, 02:35 PM | #86 |
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Just my 2 cents. (my current stable contains F87 M2, E46 M3, 987 Boxster S)
Would I trade up M2 for a M4 straight up brand new? Of course I will, there is a reason why m4 is 12k more MSRP wise. Would I buy a M4 over M2 stragith up? Not even close, I will buy M2 over M4 10 out 10 times if it's my pocket money. Would I lease a M2 over M4? No, M4 is much of a bargain to lease compare to current situation with M2. last but not least, would you trade up a brand new M2 for a modified (most likely abused in many ways) M4? If I were you , I will avoid that at any cost. |
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01-25-2017, 02:41 PM | #88 |
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