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      01-23-2019, 12:14 PM   #1
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Lease Prices

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Looking at leasing the new M2 Competition. I built one online for about $60-62k MSRP.

What kind of lease rates are people getting on these? Looking to do a 36/10 lease, wondering what the MF and residuals are on these, and whether most dealers are putting ADMs on them.

When I was shopping for my F90, it seemed like everyone around here had ADMs (Orange County).

Thanks in advance for any info.
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      01-23-2019, 01:36 PM   #2
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Not very good. I can tell you that

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      01-23-2019, 01:42 PM   #3
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Around $1100.00-$1200.00 hundred
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      01-23-2019, 03:07 PM   #4
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monthly payment would be slightly higher than purchase the car
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      01-23-2019, 03:47 PM   #5
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Around 1100. It all depends on your financial situation and if you can take the write off. If you can't, then it still makes sense to lease if you want to hedge your bets and put the risk on BMW in the case of depreciation.

Always remember:
You can buy the car out at any point, even the end of the lease

With such a low residual, this isn't a great car to just lease and dump like the 3 series. This also isn't an easy car to get into via a lease. Only lease this car if you want to hedge the risk onto BMW and/or you can use the write off.

Most people quickly jump to "must buy" but they don't understand the financial implication and risk mitigation
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      01-24-2019, 06:28 AM   #6
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A $1,200 monthly lease for an entry-level M car is unreasonable and doesn't make any financial sense.

Sucks because a few years ago you could of negotiated any new 55k MSRP BMW to an average $600 monthly payment, OTD..

All good things..
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      01-24-2019, 11:25 AM   #7
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If you want a more reasonable lease, look for a left over 2018. Major incentives there...but then it isn't an M2C.
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      01-24-2019, 03:48 PM   #8
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As a note for comparison, I got into a 2018 M3 CS lease for just over $1200 per month (all in).
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      01-26-2019, 09:53 AM   #9
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Quote:
Originally Posted by arrivederci View Post
If you want a more reasonable lease, look for a left over 2018. Major incentives there...but then it isn't an M2C.
But at that price point you can get a better/more car for the money.

I agree with Poochie...for being the "poormans" M car....those payments are ridiculous.

Especially when an M3/M4 can be had for similar money...isn't it suppose to be a hierarchy in not only M models, but pricing as well?
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      01-26-2019, 10:07 AM   #10
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Quote:
Originally Posted by GerardzM View Post
Quote:
Originally Posted by arrivederci View Post
If you want a more reasonable lease, look for a left over 2018. Major incentives there...but then it isn't an M2C.
But at that price point you can get a better/more car for the money.

I agree with Poochie...for being the "poormans" M car....those payments are ridiculous.

Especially when an M3/M4 can be had for similar money...isn't it suppose to be a hierarchy in not only M models, but pricing as well?
An M4, which cost around 10k more, base MSRP, is actually cheaper to lease.

That's before you negotiate a lower price, which is sure thing on a closeout model such as the F series M4.

#Irony
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      01-28-2019, 07:42 AM   #11
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IMO, this is a car you buy and hold on to.

Makes more sense to lease M3/4's since those tank in value like crazy after a few years.
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      01-28-2019, 09:00 AM   #12
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In my opinion, this all comes down to the applicable interest rates (money factor in connection with the lease). Assuming the applicable finance charge (interest/money factor) is equal, I think it may be a better decision to opt for a lease even if you intend on buying and holding the vehicle for the long-term. By doing so, you put yourself in the same position with respect to long-term ownership (through the lease buy-out option), but also arbitrage: (i) your risk of the car being a lemon, (ii) the risk of an accident that may severely diminish value, (iii) tax surcharges, as these only apply to individual payments in connection with a lease, and (iv) the risk of market volatility that may result in the car having a much lower value than we all expect. Lastly, you gain the value of the buy-out option itself. This option is valuable for the foregoing reasons, and also because it permits you to evaluate the M2 Competition against any other vehicle BMW may bring to market in the near future (like the M3/M4 Pure, which sounds interesting to say the least).

One final thought- don’t get caught up on the actual monthly payment unless the $100-200 variation is truly meaningful to you in the current period. The lease payments may be artificially high because of an unrealistically low residual value, but this also means that your lease buy-out opportunity may end up being below-market.

If anyone has another view or has any intel on what the money factor/interest rate is likely to be in the next month or two, I’ll appreciate hearing from you. I am picking up my car late Feb / early March. Can’t wait!
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      01-28-2019, 10:18 AM   #13
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I pay $1245/month inc taxes for 3 years in SoCal, I think down payment was around $2500, 15K miles/year. But I am planning to purchase at end of lease, so I can write it off from my business, I think residual is around $24k.
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      01-28-2019, 07:17 PM   #14
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Quote:
Originally Posted by Poochie View Post
A $1,200 monthly lease for an entry-level M car is unreasonable and doesn't make any financial sense.

Sucks because a few years ago you could of negotiated any new 55k MSRP BMW to an average $600 monthly payment, OTD..

All good things..
Yeah that is nuts. It's only $40 less per month than the X5M I just picked up (stickered at $109095).
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      01-28-2019, 10:40 PM   #15
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Quote:
Originally Posted by desertfox73 View Post
Yeah that is nuts. It's only $40 less per month than the X5M I just picked up (stickered at $109095).
You're comparing apples to oranges
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      01-28-2019, 11:35 PM   #16
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Does anyone have a view about BMW's care plans and whether it's worth the upgrade past 3 year coverage? I have GEICO and I hear that there's a mechanical warranty I can purchase through them that's decent.

Also can you buy a warranty after the initial 3 year coverage expires or do you have to lock it all in when you buy/lease?
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      01-29-2019, 12:59 AM   #17
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Quote:
Originally Posted by nik5ta View Post
Does anyone have a view about BMW's care plans and whether it's worth the upgrade past 3 year coverage? I have GEICO and I hear that there's a mechanical warranty I can purchase through them that's decent.

Also can you buy a warranty after the initial 3 year coverage expires or do you have to lock it all in when you buy/lease?
The deals are just as good at the end of the 3 years or when your warranty is about to expire.

That said I have GEICO and you cannot beat their price. The only catch is that you have to stick with GEICO for those 7 years. It's $700 for really good warranty coverage with a low deductible.
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      01-29-2019, 02:22 AM   #18
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Quote:
Originally Posted by spetsnazos View Post
Quote:
Originally Posted by desertfox73 View Post
Yeah that is nuts. It's only $40 less per month than the X5M I just picked up (stickered at $109095).
You're comparing apples to oranges
My point wasn't about comparing the cars, but rather the fact that a payment for a car that sells for $65k is about the same as a car that sells for $109k. That math just doesn't add up...and while I'm sure the driving experience of the M2C is great, at some point you have to wonder if you're getting bent over.
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      01-29-2019, 02:35 AM   #19
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Quote:
Originally Posted by desertfox73 View Post
My point wasn't about comparing the cars, but rather the fact that a payment for a car that sells for $65k is about the same as a car that sells for $109k. That math just doesn't add up...and while I'm sure the driving experience of the M2C is great, at some point you have to wonder if you're getting bent over.
As another poster above mentioned, it's really all about the money factor / interest rate. A high residual is nice if you really plan to turn the car back in, but if you plan to buy the car it isn't necessarily a big advantage. The crappy residuals could work out okay if you plan to purchase the M2C at the end of the lease.

BMW uses the residual to move units. The poorest sellers often have the highest residuals.
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      01-29-2019, 07:13 AM   #20
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Quote:
Originally Posted by chris719 View Post
Quote:
Originally Posted by desertfox73 View Post
My point wasn't about comparing the cars, but rather the fact that a payment for a car that sells for $65k is about the same as a car that sells for $109k. That math just doesn't add up...and while I'm sure the driving experience of the M2C is great, at some point you have to wonder if you're getting bent over.
As another poster above mentioned, it's really all about the money factor / interest rate. A high residual is nice if you really plan to turn the car back in, but if you plan to buy the car it isn't necessarily a big advantage. The crappy residuals could work out okay if you plan to purchase the M2C at the end of the lease.

BMW uses the residual to move units. The poorest sellers often have the highest residuals.
Yep, totally get it, we go through cars pretty fast in my house so I agree with your statement about the mechanics of leasing.

I'm just amazed at how much people are paying for the car each month.
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      01-29-2019, 07:23 AM   #21
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BMW doesn't want you to lease the M2/M2C. They want you to buy it.

They absolutely want you to lease the M3/4, which have much higher MSRPs and accompanying profit margins. That's why they make sooooooo many more of the bigger brothers.

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      01-29-2019, 08:59 AM   #22
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Quote:
Originally Posted by dmboone25 View Post
BMW doesn't want you to lease the M2/M2C. They want you to buy it.

They absolutely want you to lease the M3/4, which have much higher MSRPs and accompanying profit margins. That's why they make sooooooo many more of the bigger brothers.

They're dying for you to lease an M3 CS which is dead in the water with lots of inventory all over the country. Lots of incentives available and more likely coming if these don't finally start to move. Here's an example M3 CS. Of course this is a 10k/yr example...
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