05-04-2016, 05:27 PM | #24 | |
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I guess that's why everyone's head is exploding and they can't wrap their head around the fact that BMW doesn't want you to lease this car. The M2 is NOT going to be a high volume car! The M3 and M4 are high volume cars and have lease rates to match. The M235 is a high volume car and has lease rates to match. As DJ KHALLED would say... They don't want you to lease this car for $499. If you want to get an M2... You will need to WAIT FOR IT ... And BMW wants you to BUY it. So take the hint and finance it at 1.99 percent! And in order to make their point they make it lease for $899. |
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05-04-2016, 05:27 PM | #25 |
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Good to see BM holding strong on this and not devaluing the vehicle by allowing it to be a loner model for the lease market where they will be just ragged and abused from the off. But unfortunately in this crazy world a lease is a sale and it's keeping the factories busy it just takes the value/status out of the vehicles/brand and the shine of going in and paying out right for a car.
I will never understand any M badge car being offered for lease just makes them become another car on the company car lists.
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05-04-2016, 05:28 PM | #26 | |
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Finally someone who makes sense ! However, the simple reason that the M3 and M4 are available for lease is because volume is king. And yes the value of the E9x M3 seems to be eroding a bit in the used market ( in comparison with other M cars ) because of this. |
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05-04-2016, 05:42 PM | #27 |
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What makes me laugh even more is at the moment here in the UK our interest rates are ridiculously low and therefore it's given the mentality of spank your savings and earnings as you will get nothing (interest) in return if you save. But when the markets alter and they will and the rates go up there will be a lot of folk in dire straits with massive jumps in mortgage, loan and lease repayments. So the markets will be flooded in hand back motors the dealers can then not shift. Can see a real mess approaching in the near future hence purchasing a car I can easily afford to own, run and enjoy whilst becoming financially untethered as quickly as I can so I don't have to worry about things becoming crazy if the rates rise considerably.
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05-04-2016, 06:00 PM | #28 | |
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05-04-2016, 06:05 PM | #29 | |
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Are people forgetting you can buy or sell a leased car at any time including the end of lease term? All bmw is doing with this lease residual is keeping it low in hopes that the leaser turns in a vehicle that is carrying equity. they hope you turn in a car that is worth more than your buy out, then they turn around and sell it again. and the m2 will retain better than the financing residual number. You dont lose money on a lease unless your an idiot and turn in a lease with equity. the high payment is irrelevant. worse case scenario you paid more than your share of depreciation and you buy or sell the car to get what you over paid (equity) back. a lease payment still pays down principle like any other loan payment |
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05-04-2016, 06:11 PM | #30 | |
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1) calculate what the money factor gives you in terms of interest rate..it may be lower than the buying finance rate 2) you may be making higher payment over the first 3 years which means you are reducing principal quicker and in turn means you are paying less interest over the life of the loan. over the course of 5 years it can absolutely be cheaper to lease for 3 and finance for 2, rather than finance for 5 from the start. havent run the numbers on this but its absolutely a possibility. |
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05-04-2016, 06:13 PM | #31 | ||
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05-04-2016, 06:15 PM | #32 | ||
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05-04-2016, 06:18 PM | #33 | |
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I think this is BMW saying what they think the car will really be worth in 3 years' time, personally. YMMV. |
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05-04-2016, 06:19 PM | #34 |
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05-04-2016, 06:37 PM | #36 | |
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05-04-2016, 06:43 PM | #37 |
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On newly released and in demand cars there is no reason for BMW to support lease values. Six months from now when supply catches up with demand residuals will be the BMW normal 57-60%.
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05-04-2016, 06:48 PM | #38 | |
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Before you make blanket statements do some basic financial analysis. |
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05-04-2016, 06:53 PM | #39 |
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1M owners, rejoice!
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05-04-2016, 06:56 PM | #40 | |
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As a direct example I just transferred the lease on my son's 328i. If I was to trade it in or sell it today I would have had to pay $5K out of pocket plus lost the CA sales tax for another $3K. Instead after having the car for 16 months I am paying $350 out of pocket to transfer the lease. BTW I did not put anything down on the vehicle either. So sick of the ignorance on leasing and people assuming that it is the wrong thing no matter what. It is completely situational. |
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05-04-2016, 06:56 PM | #41 |
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That's tragic! You can lease a well-equipped M5 for $1000 / month with 4K due at signing.
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05-04-2016, 06:59 PM | #43 | |
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05-04-2016, 07:00 PM | #44 |
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47%? Hahaha wow
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