12-03-2020, 12:21 PM | #67 | |
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This is probably still the classic 500/500 BMW / Dealer Split. or was this was a true 1000 from bmw na, |
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12-03-2020, 12:33 PM | #68 |
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USAA stopped doing the rebates on Oct 1 (Truecar). If you had a certificate prior to Oct one I believe it is still good through 1/4/21. Mine shows $500. But in the incentives section it says the M2 isn't eligible. I can't tell if that applies to both sections or not. I'll try to use it and see what happens. After the APR fiasco I suspect they'd tell me to pound sand.
I was told up front that the test drive certificated di not apply for me because the car was considered pre sold. I inquired in September, and I believe SDtown did his drive in August.
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12-03-2020, 04:46 PM | #69 | ||
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And yes, the same usual 500 BMW/500 Dealer split. |
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12-03-2020, 05:13 PM | #70 | |||
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Maybe summer drive was different, but Hunger, accelerate into autumn and G80 M3 event codes don't apply |
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12-03-2020, 06:27 PM | #71 | |
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12-03-2020, 07:02 PM | #72 |
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12-03-2020, 10:30 PM | #74 |
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Run like the wind. Perhaps they didn't make your car "sold" and just ordered the spec you like? In that case it would show as dealer stock while being "reserved" for you
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12-03-2020, 11:01 PM | #75 |
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That's interesting. Looked at the Vehicle Inquiry Report my SA sent me and it's marked as 3 - Priority Stock with my exact build. Looking back at the VIR from my X7 M50i order earlier this year, it shows 1 - Customer Sold.
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12-04-2020, 08:11 AM | #76 |
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Could very well be, the first sheet I received showed it as "1-Customer Sold" but I did make some changes to the build after that.
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12-05-2020, 12:05 PM | #79 |
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Bad lease terms. Residual of 35%? BMW doesnt want any returned cars.
Basically finance and lease is the same but bmw makes thesame money. But for people who lease, youve basically paid most of the car after 36 mos. So why lease? What does it mean, bmw wants their money, dont want lease returns, and maybe they dont have confidence in the market. Too many cars in the lot. |
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12-05-2020, 12:21 PM | #80 | |
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12-05-2020, 12:53 PM | #81 | |
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Leasing is probably only for those who own business and those who plan to buy the car out at the end of the term who like to have that option of turning in the car in case of an accident with a bad car fax. i priced out the m2c and the m2cs, the buyout (around 30k) is the same at the end of the term pretty much for both. interesting for sure... i imagine a m2 cs in 2023/24 with 45000 miles will be worth 45k at least, so you can buy it out and sell it if you want out. i am totaly just thinking outloud so please feel free to chime in. |
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12-05-2020, 01:23 PM | #82 |
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Even the approach of leasing to allow a return (in the event of an accident or excessive repairs) is a crapshoot with a residual of 35%....you have paid for 2/3 of the car, and have to hand it over. Even "loss of value" after repairs from a significant collision probably wouldn't wreck you that badly.
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12-05-2020, 01:43 PM | #83 | |
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Edit: if you do give it back they will probably make a pretty penny so maybe they do want them back... |
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12-05-2020, 02:31 PM | #84 |
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Leasing had many benefits. Usually it as an avenue to mitigate financial responsibility. Bank takes on all the responsibility. If you wreck a rare car its worth much less. If you lease, who cares, not your problem.
With a well organized lease you pay less than actual depreciation. Return car and move on. It's all about mitigating loss. If you own a business, then it's even better. You can also be in a position to offset less favorable lease terms. Leasing doesn't tend to be favorable if searching for a specific car if you want the best deal. In the right environment it's possible to lease a 150k to 200k car for less 1500 a month. I leased my ftype svr for $840/mo. At the same time I was looking at the Acura nsx for about 1300/mo. (Sticker was roughly 190k). Leasing with a poor residual is not that bad if you plan to buy in the end if the buyout is not inflated. It can be a good idea because you leave the bank on the hook if an accident occurs and you no longer want the car. However, the car will be worth more than 35% in 3 years, so it would likely be a hard deal to walk away from. Ay 0.9% with nothing down you would pay roughly 60% at year 3. With the lease you are paying 65%. It'll be tough to get a MF that resembles a 0.9% finance rate. Just be careful if looking to leave that you do not get a 35% residual with a 45k buyout. Then you pay 90k for an 85k car. |
12-06-2020, 01:41 AM | #85 |
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Those BMWFS rates are absolutely fantastic
I wish I could've got these kind of rates when I bought my M2 II'm literally working on refinancing it now to reduce the interest and monthly
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