BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BMW M2 Forum > Pricing / Ordering / European Delivery / PCD > How did you pay for your M2?

View Poll Results: How did you pay for your M2?
Paid cash 31 28.18%
Financed 69 62.73%
Leased 9 8.18%
Partial gift (someone helped pay part of it) 1 0.91%
Received as gift 0 0%
Voters: 110. You may not vote on this poll

Post Reply
 
Thread Tools Search this Thread
      12-05-2018, 10:29 AM   #1
MPBK
Everyday I'm shuffling
United_States
168
Rep
803
Posts

Drives: '12 SG 135i DCT; '18 MG M2 DCT
Join Date: Sep 2011
Location: USA

iTrader: (0)

How did you pay for your M2?

This pool is specific to M2 owners.
Just curious as to how M2 owners chose to pay for their toy.
(this should be totally anonymous; let me know if that's not the case)
Appreciate 0
      12-05-2018, 08:22 PM   #2
nomoracin
Captain
United_States
431
Rep
646
Posts

Drives: M2C
Join Date: Jun 2018
Location: Virginia

iTrader: (0)

Garage List
Dropped 40k down and financed the rest
Appreciate 0
      12-05-2018, 10:28 PM   #3
pruettfan
Brigadier General
1446
Rep
3,366
Posts

Drives: 2017 M2, LBB, DCT, Exec
Join Date: Jul 2009
Location: Oro Valley, AZ

iTrader: (0)

Weird poll, not sure why it matters but I participated anyway.
Appreciate 1
bobert756.50

      12-06-2018, 12:29 PM   #4
MPBK
Everyday I'm shuffling
United_States
168
Rep
803
Posts

Drives: '12 SG 135i DCT; '18 MG M2 DCT
Join Date: Sep 2011
Location: USA

iTrader: (0)

Don't you find it interesting to see how people spend their money? It's anonymous anyways.
Appreciate 0
      12-06-2018, 01:47 PM   #5
chiefsubjugator
Private
26
Rep
63
Posts

Drives: 2018 M2 6MT LBB
Join Date: Dec 2017
Location: Southern California

iTrader: (0)

Payed for most of it (over 2/3) in cash, financed the rest over a few years. It might've been smarter to finance more and invest the difference but I really hate having a large monthly payment. Might pay it off early though, we'll see. I'm not planning to get rid of the car.
Appreciate 0
      12-06-2018, 05:56 PM   #6
MPBK
Everyday I'm shuffling
United_States
168
Rep
803
Posts

Drives: '12 SG 135i DCT; '18 MG M2 DCT
Join Date: Sep 2011
Location: USA

iTrader: (0)

Only 1 leased so far? That's interesting.
Appreciate 0
      12-06-2018, 05:57 PM   #7
particulardude
Second Lieutenant
United_States
78
Rep
224
Posts

Drives: 2018 M2 | 2007 LR3 | 2017 XC90
Join Date: Dec 2009
Location: Chicago

iTrader: (0)

"I paid what it cost!" - Seinfeld
__________________
"...if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.."
-Theodore Roosevelt

Instagram@particulardude
Appreciate 0
      12-06-2018, 07:29 PM   #8
Dabozo
Major
Dabozo's Avatar
545
Rep
1,344
Posts

Drives: M2 BSM MT
Join Date: Aug 2015
Location: Toronto

iTrader: (0)

Quote:
Originally Posted by chiefsubjugator View Post
Payed for most of it (over 2/3) in cash, financed the rest over a few years. It might've been smarter to finance more and invest the difference but I really hate having a large monthly payment. Might pay it off early though, we'll see. I'm not planning to get rid of the car.
Probably a good choice given the market conditions lately!
Appreciate 0
      12-06-2018, 07:30 PM   #9
Dabozo
Major
Dabozo's Avatar
545
Rep
1,344
Posts

Drives: M2 BSM MT
Join Date: Aug 2015
Location: Toronto

iTrader: (0)

Quote:
Originally Posted by MPBK View Post
Only 1 leased so far? That's interesting.
Not sure how it is now but when I bought my My17, residuals were crap...and rates were high.
Appreciate 0
      12-06-2018, 10:48 PM   #10
nomoracin
Captain
United_States
431
Rep
646
Posts

Drives: M2C
Join Date: Jun 2018
Location: Virginia

iTrader: (0)

Garage List
Quote:
Originally Posted by chiefsubjugator View Post
Payed for most of it (over 2/3) in cash, financed the rest over a few years. It might've been smarter to finance more and invest the difference but I really hate having a large monthly payment. Might pay it off early though, we'll see. I'm not planning to get rid of the car.
Yea, I put down 40k and then financed the 20k for 72 months @ 3.7ish%! Haha...don't ask why. My payments are like $250 /mo though.
Appreciate 1
      12-07-2018, 10:23 AM   #11
MPBK
Everyday I'm shuffling
United_States
168
Rep
803
Posts

Drives: '12 SG 135i DCT; '18 MG M2 DCT
Join Date: Sep 2011
Location: USA

iTrader: (0)

I guess it kind of makes sense that only 2 leased.
The M2 is not your typical car for a business... :dunno:
Appreciate 0
      12-07-2018, 10:48 AM   #12
///M Houbi
Major
///M Houbi's Avatar
Switzerland
993
Rep
1,008
Posts

Drives: M2 Competition
Join Date: May 2018
Location: Switzerland

iTrader: (0)

Garage List
Cash
Appreciate 0
      12-11-2018, 07:01 PM   #13
PokGuy
The Ma of all E90's
PokGuy's Avatar
127
Rep
3,019
Posts

Drives: the neighbors craaazzzyy!
Join Date: Apr 2008
Location: So.... Cal?

iTrader: (2)

Garage List
2007 BMW 328i  [0.00]
I think this poll really helps me out actually. I've been debating whether to lease or to buy. I don't have a business and since residual is at 48% for 36mo 10k miles, I don't think it would make any sense to lease whatsoever. My savings is exactly enough to pay off the car, but I don't want to put down all my savings of course. I'm thinking about what some of you guys did and maybe just put down 20-30k and just finance the rest. APR is pretty crap right now though. Saw a credit union willing to do 2.89% for 36 months so I might do that.
__________________
Appreciate 0
      12-13-2018, 07:22 PM   #14
GoGoGadgetChris
New Member
5
Rep
14
Posts

Drives: M2C
Join Date: Sep 2018
Location: Portland, OR

iTrader: (0)

The 2019 M2c was very recently added to the BMW Finance Specials page. I was planning to pay cash, but if they're going to offer 2.89%, I can't say no!

Still put $18,000 down just to make sure the loan balance was below $50k
Appreciate 0
      12-14-2018, 07:23 AM   #15
bri1042
Major
bri1042's Avatar
863
Rep
1,305
Posts

Drives: 2019 LBB M2C
Join Date: Mar 2013
Location: Portland, OR

iTrader: (0)

Quote:
Originally Posted by GoGoGadgetChris View Post
The 2019 M2c was very recently added to the BMW Finance Specials page. I was planning to pay cash, but if they're going to offer 2.89%, I can't say no!

Still put $18,000 down just to make sure the loan balance was below $50k
Is that yours that auto-populated on Kuni's site this week? I recall that you said you were getting an LBB on another thread (or I need more coffee).
Appreciate 0
      12-14-2018, 10:38 AM   #16
CosmosMpower
Brigadier General
CosmosMpower's Avatar
1429
Rep
3,181
Posts

Drives: F80, F87c, 997 GT3
Join Date: Apr 2011
Location: Frisco, TX

iTrader: (1)

Quote:
Originally Posted by GoGoGadgetChris View Post
The 2019 M2c was very recently added to the BMW Finance Specials page. I was planning to pay cash, but if they're going to offer 2.89%, I can't say no!

Still put $18,000 down just to make sure the loan balance was below $50k
Where did you see 2.89, the published rate for M2C is 2.99.
__________________
I drive a Prius
Appreciate 0
      12-14-2018, 12:06 PM   #17
GoGoGadgetChris
New Member
5
Rep
14
Posts

Drives: M2C
Join Date: Sep 2018
Location: Portland, OR

iTrader: (0)

Quote:
Originally Posted by bri1042 View Post
Is that yours that auto-populated on Kuni's site this week? I recall that you said you were getting an LBB on another thread (or I need more coffee).
That would be mine indeed! I'm glad I didn't notice it on their site before they called me to pick it up. Would've thought they were trying to pull a fast one on me!

Perhaps the special changed, but it was definitely 2.89% earlier this week. I've got a big stack of paperwork to prove it!
Appreciate 0
      12-14-2018, 12:45 PM   #18
bri1042
Major
bri1042's Avatar
863
Rep
1,305
Posts

Drives: 2019 LBB M2C
Join Date: Mar 2013
Location: Portland, OR

iTrader: (0)

Quote:
Originally Posted by GoGoGadgetChris View Post
That would be mine indeed! I'm glad I didn't notice it on their site before they called me to pick it up. Would've thought they were trying to pull a fast one on me!

Perhaps the special changed, but it was definitely 2.89% earlier this week. I've got a big stack of paperwork to prove it!
I actually called my SA when my car magically appeared on their site while it was on the truck to the dealership. Inventory is added to the site automatically, apparently.
Appreciate 0
      12-14-2018, 12:53 PM   #19
Who's on first
Brigadier General
Who's on first's Avatar
United_States
2073
Rep
3,486
Posts

Drives: A10-C
Join Date: Feb 2015
Location: I%E2%80%99m Right Here.

iTrader: (2)

Sent the wife to the sales managers house for the weekend. No questions asked.
Appreciate 2
      12-14-2018, 04:01 PM   #20
DETRoadster
Space Force - 4 Star General
DETRoadster's Avatar
4307
Rep
2,240
Posts

Drives: M2 MG 6MT / Moto Guzzi V7
Join Date: Jul 2016
Location: Seattle

iTrader: (0)

50% cash, 50% financed
Appreciate 0
      12-20-2018, 10:32 AM   #21
MPBK
Everyday I'm shuffling
United_States
168
Rep
803
Posts

Drives: '12 SG 135i DCT; '18 MG M2 DCT
Join Date: Sep 2011
Location: USA

iTrader: (0)


Nobody wants to admit that (s)he received the M2 as a gift? Not even partial, as parents helped with the down payment or some such?
Appreciate 0
      12-20-2018, 12:04 PM   #22
aWanderlustSeoul
Private First Class
United_States
53
Rep
151
Posts

Drives: 2019 BMW M2 Competition HS
Join Date: Jun 2018
Location: California

iTrader: (0)

Quote:
Originally Posted by CosmosMpower View Post
Where did you see 2.89, the published rate for M2C is 2.99.
I recently purchased an M2C at BMW Denver and financed a portion of the car. I was already pre-approved at my credit union for 2.74 (48 months) and 2.99 (60 months).

This dealer was offering BMW Financing for 2.89 (60 months) for the M2 or M2C so I decided to go that route since the transaction was going to be easier to go through BMW and I also plan to pay off the loan early so a few interest points is not going to make much of a difference.

I posted my deal with a breakout of the price (post #53):

https://f87.bimmerpost.com/forums/sh...1515072&page=3

It's irritating that none of the California dealers offered the 2.89% and they kept telling me it's not possible and if this rate was possible it has to be region specific.

I'm not sure if the financing interest rate is a BMW corp thing or if some dealers are just trying to screw the customer to make an extra buck.
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -5. The time now is 08:44 PM.




m2
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST