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View Poll Results: buy or lease the M2C?
Cash 63 76.83%
Leasing 19 23.17%
Voters: 82. You may not vote on this poll

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      06-14-2018, 08:34 AM   #1
///M Houbi
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M2C: buy or lease?

I bought mine, for me this a long time commitment (10y+).

So what did you do or have in mind doing, and why?

Last edited by ///M Houbi; 06-14-2018 at 10:48 AM..
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      06-14-2018, 09:09 AM   #2
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Lease through my company- always.
Cars are generally depreciating assets. I can only spend the money once, so I'd rather put it back in the business or invest it, than tie it up in a car.
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      06-14-2018, 09:24 AM   #3
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Lease and then decide if I want to keep after 3 years.
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      06-14-2018, 09:39 AM   #4
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Buy, am looking to keep 5 years +
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      06-14-2018, 09:56 AM   #5
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lets wait for the leasing rate, or anyone got an rough idea already?
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      06-14-2018, 10:45 AM   #6
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buying and keeping this one... i think this is going to be one of those cars you will forever regret selling
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      06-14-2018, 12:04 PM   #7
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Cash, the residual on the m2 isnt good enough to make leasing appealing.
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      06-14-2018, 04:16 PM   #8
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Buy, I don't keep them long enough to lease...
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      06-14-2018, 07:05 PM   #9
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Buy, I don't keep them long enough to lease...
Ain't that the opposite?
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      06-14-2018, 08:57 PM   #10
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Buy. If the lease rate is anything like the regular m2, it's probably cheaper to get a 6 year loan at zero down and selling after 3 years than to lease.
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      06-15-2018, 02:02 AM   #11
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Depends on the math. If it's close then lease. Risk is on BMWFS then. If the car has to be repaired for some reason and you end up with diminished value it's no longer your problem.
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      06-15-2018, 12:23 PM   #12
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Quote:
Originally Posted by chris719 View Post
Depends on the math. If it's close then lease. Risk is on BMWFS then. If the car has to be repaired for some reason and you end up with diminished value it's no longer your problem.
That's true, I took back my leased 135i with over 15k in shoddy repairs; the Carfax is still clean to this day and the dealer didn't notice ish - except the fact I didn't return the car with runflat tires

I feel sorry for the last person that bought that nightmare
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      06-15-2018, 02:09 PM   #13
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Interesting how this poll came out so far. I expected about 70-80% leasing and beeing one of very few which actually buys the car.

...and i was SO WRONG!!
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      06-15-2018, 03:35 PM   #14
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BMW is fairly unique in the sense that it's one of the few companies whose aggressive lease rates make leasing a more attractive option than it is from almost anyone else. I was literally quoted a higher lease (total cost of lease payments plus down payment) on a $38k Mustang GT than I'm paying for my $53k 340i! For this reason, my family has always bought their cars but has leased every BMW becuase the math works out for us. As someone said above, diminished value in the event of an accident is something worth considering and has saved us twice - once when I wrecked my car and once when a friend crashed mine. In both instances, insurance fixed the cars and they were returned at the end of lease without me having to care that the cars value was less than it otherwise would have been.

The M2 is fairly unique within the BMW range, I had my name down at two different dealers for the 2016 M2 and was anxiously waiting to lease one when they would be available but as soon as I saw how terrible the lease rates were, I knew something was up. My personal guess was that BMW was planning to release something that would diminish the value of the 2016-17 M2s before those cars ended the typical 3 year lease cycle and that was why they had valued the residuals the way they did. That was my reason for passing on the car and waiting to see what happened.

With that said, if the M2 Competition leases like all the other BMWs, then I will lease mine. If it leases like the M2, then I'd probably buy it.
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      06-15-2018, 03:38 PM   #15
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Quote:
Originally Posted by chris719 View Post
Depends on the math. If it's close then lease. Risk is on BMWFS then. If the car has to be repaired for some reason and you end up with diminished value it's no longer your problem.
Best reason in the world to lease! Worth the extra money(if any) to have the third option(keep, sell or turn in). Besides, it takes a lot these days to "total" a car and if you get in a front end crash and get that carfax without total you will take a beating. Ask my buddy who just bought a 2007 911 Carrera for way below market value because of some light damage that the P car guys could stand.
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      06-15-2018, 03:41 PM   #16
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Quote:
Originally Posted by Remonster View Post
BMW is fairly unique in the sense that it's one of the few companies whose aggressive lease rates make leasing a more attractive option than it is from almost anyone else. I was literally quoted a higher lease (total cost of lease payments plus down payment) on a $38k Mustang GT than I'm paying for my $53k 340i! For this reason, my family has always bought their cars but has leased every BMW becuase the math works out for us. As someone said above, diminished value in the event of an accident is something worth considering and has saved us twice - once when I wrecked my car and once when a friend crashed mine. In both instances, insurance fixed the cars and they were returned at the end of lease without me having to care that the cars value was less than it otherwise would have been.

The M2 is fairly unique within the BMW range, I had my name down at two different dealers for the 2016 M2 and was anxiously waiting to lease one when they would be available but as soon as I saw how terrible the lease rates were, I knew something was up. My personal guess was that BMW was planning to release something that would diminish the value of the 2016-17 M2s before those cars ended the typical 3 year lease cycle and that was why they had valued the residuals the way they did. That was my reason for passing on the car and waiting to see what happened.

With that said, if the M2 Competition leases like all the other BMWs, then I will lease mine. If it leases like the M2, then I'd probably buy it.
good info
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      06-19-2018, 01:27 AM   #17
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2series residuals in general are horrible, not just the M2.
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      06-19-2018, 01:56 PM   #18
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M2 residuals are horrible, and there is no reason the M2C will be any different.
They justify it by saying there isn't any data on the new models, so they err on the side of poor residual value. BMWFS isn't risking shit when it comes to these.

If you don't have a company to write it off on taxes, leasing is a losing proposition.
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      06-19-2018, 09:06 PM   #19
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Quote:
Originally Posted by Cavpilot2k View Post
M2 residuals are horrible, and there is no reason the M2C will be any different.
They justify it by saying there isn't any data on the new models, so they err on the side of poor residual value. BMWFS isn't risking shit when it comes to these.

If you don't have a company to write it off on taxes, leasing is a losing proposition.
They are being more "honest" on the residuals on the cars that don't need sales support. The regular 3 and 5 have such high residuals because they want to move them to meet sales goals.
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      06-19-2018, 09:28 PM   #20
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Quote:
Originally Posted by pz619 View Post
Buy. If the lease rate is anything like the regular m2, it's probably cheaper to get a 6 year loan at zero down and selling after 3 years than to lease.
Wow, please share how I can get such a deal. Maybe its a Canadian thing but they won't finance past 5 years and even if they did there is never a 0% option either at, before or after 48 months (longer you go the higher the rate ).

I have kept my 128i for almost ten years and couldn't foresee doing anything less with this M2C unless I suddenly needed something bigger (but used Accord as second car FTW?)
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      06-19-2018, 09:47 PM   #21
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Quote:
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Wow, please share how I can get such a deal. Maybe its a Canadian thing but they won't finance past 5 years and even if they did there is never a 0% option either at, before or after 48 months (longer you go the higher the rate ).

I have kept my 128i for almost ten years and couldn't foresee doing anything less with this M2C unless I suddenly needed something bigger (but used Accord as second car FTW?)
Well I can’t speak intelligently about the Canadian financial system, but I can tell you credit unions down here have very competitive rates. I’m looking at 2.5% to 2.7% for a 72 month loan.

I think BMW will only finance for 5 years but someone else will need to chime in to verify. So in this case, bringing my own financing will be a huge help. As for leasing, I think we’re sitting at 44% residual for 15k miles. Means in 3 years you’ll need to pay for 56% of the cars value. This is for the current M2, but I have to assume the trend will continue for the competition car. Also worth noting that the MF on a lease is generally pretty close to the interest rate on a bmwfs loan, if not higher at times.
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      06-19-2018, 10:05 PM   #22
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Beside typical buying or leasing, BMW offers another option called "BMW Select" which is essentially a 'balloon loan' that allows you low payments up front and a large final payment (typically 35%) at the end of the 60 month contract..

Requires a higher credit standard to qualify (FICO Auto 720 and above) but it is an option for all BMW purchases, including Mini.

https://www.quora.com/What-are-the-p...onal-financing

https://www.investopedia.com/terms/b/balloonloan.asp

http://myfico.custhelp.com/app/answe...co-auto-scores

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