03-02-2016, 07:35 AM | #1 |
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Thoughts on 3yr ownership w/finance
Guys,
Starting to run numbers on a purchase of the M2 with the intention to sell in 3yrs. There are good chances I keep the car (non-daily) unless the CS/CSL/etc materializes. In any case, it appears leasing is a terrible proposition and therefor financing at 1.99% with $20k down for 5yrs (with my CT tax) nets a payment of $665. I wanted to keep payments around $600-800/mo. In this scenario, the amortization table shows outstanding loan balance of $15k after 3yrs. Given the above, what can we expect fair market value to be after 3yrs assuming babied non-DD and low miles? Mid to high 20's? Thinking out loud here but hoping to arrive to consensus regarding the value proposition of purchasing without intention to keep. I think in this scenario I am paying the car off too quickly. The car should be worth much more after year 3, which means I should potentially put less down. I usually lease my vehicles. Thanks for any input.
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03-02-2016, 08:50 AM | #2 |
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The M4 residual is 57% at 3 years:
http://f87.bimmerpost.com/forums/sho....php?t=1222491 |
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03-02-2016, 09:49 AM | #3 |
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Thanks, that is helpful.
It would appear that it will take a couple years for supply to catch up to pent-up demand for this car. While this car will not be like the 1M, there are more indicators pointing to a favorable depreciation than not, at this point in time.
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03-02-2016, 10:26 AM | #5 |
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Not sure how Canada compares, but $1k/mo is a heft payment for a $55k car.
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03-02-2016, 10:34 AM | #6 |
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That's similar to the numbers the Jag dealer was quoting me on a new XE w the F type engine in it, MSRP was identical. And the Jag leases are usually HORRIBLE. Looking at this another way, is the M2 more car than the 235? Yes without question. But comparing lease payments, is it 2x nicer? That's a stretch.
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03-02-2016, 11:40 AM | #7 | |
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Quote:
The wild-card is how soon will the M2 CSL/CS/GTS be coming? Seems like it is around 2 or so years away. This is really the only reason why I am agonizing over the time frame. Otherwise, I would be happy to just keep the car without an exit strategy.
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03-03-2016, 10:08 AM | #8 | |
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Quote:
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03-03-2016, 11:47 AM | #9 | |
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Quote:
Plus slap on anywhere from 10-15% sales tax and you end up at $1000/mo EDIT: should also note a near 6% lease interest rate Last edited by gmzanatta; 03-03-2016 at 12:35 PM.. |
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03-03-2016, 12:32 PM | #10 |
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Yeah, Canada has outrageous lease payments compared to the US. I know people who pay 700-800 in the states for their M3s but in Canada its 1300+.
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03-03-2016, 12:36 PM | #11 |
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03-03-2016, 01:56 PM | #12 |
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03-03-2016, 03:52 PM | #13 |
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15% Sales Tax?????
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03-03-2016, 05:49 PM | #14 |
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