So I saw the car this weekend in person for the 2nd time, 1st time at LA car show and did the whole walk around and sat inside. The outside is stunning however the inside is sort of blah. Nothing really special but it was black extended leather so im assuming a color contrast like fox red would look great. But this is my problem. With a residual at 54% on a 3 year lease (Im sorry but how is that number so low, those are similar to audi numbers), they ran the numbers for me and it comes to 10k down and $1300 a month. This based at fully optioned at 70k. Im an M fanatic but there is no way I can pay that much when they are doing programs for the M6 and M5 that are pretty comparable these days. I think Im sticking with my E46 for a while until BMW comes to its senses or something gets my interest.

10K down and 1300 a month.......thats terrible

Pricing wise, the M, while a great package, could turn out to be a dud. It will be interesting to see how the typical buyer options their car.

I was laughing my ass off reading folks thinking they could get the e92 M3 with nothing down and under $1K a month... It is a $70K car!

That's outrageous...
Eric...

That's outrageous...
Eric...

Definitely, but that doesn't sound right...with 10K down???

Unfortunately, if that's true, I'd be looking at 997's...

I was laughing my ass off reading folks thinking they could get the e92 M3 with nothing down and under $1K a month... It is a $70K car!

:laughhard: me too..funny thing is all these silly people who thought it was gonna be $800 a month have disappeared.

I was laughing my ass off reading folks thinking they could get the e92 M3 with nothing down and under $1K a month... It is a $70K car!

dont forget to add taxes on all that... estimating 6 year 6% 0 down is between 1200 & 1300 dollars a month.

That can not be right, my friend is getting a nicely loaded sedan, 15K down and about 900/month for five years. he is financing the car and it will be paid out in 5 years. Lease for 10K down and 1300/month makes as much sense as buying the car for 95K with 25K mark up. It will be expensive but not that expensive.

It doesnt seem right but the residual is god awful. Any other quoted lease offers?

they worked my deal out to 1100 a month with 4000 down. i test drove one today and, damn....it is an amazing car

they worked my deal out to 1100 a month with 4000 down. i test drove one today and, damn....it is an amazing car

Coupe or sedan, and how well equipped????

i just got back from dealer, 36 months 0 down 1399 per month i was like :eek: i love the car but i dont know if i love it 1400 a month

Hondas2000's numbers are correct. The problem is the lower residual AND high money factor. It comes out to over 7.5%...and that's the preferred rate!

I ran some numbers with sales guy.
67.5k msrp. 10k down, 1,063/mo. for 36 mo. 10k miles/ yr.
withtout BMW's lease special, it's quite harsh $$.

10k down just to lease? no thanks

That can not be right, my friend is getting a nicely loaded sedan, 15K down and about 900/month for five years. he is financing the car and it will be paid out in 5 years. Lease for 10K down and 1300/month makes as much sense as buying the car for 95K with 25K mark up. It will be expensive but not that expensive.

im using tvm pgm.. say 68K -15k = 53K say 6% for 5 years....
1024.64 per month

5% = 1000.18

4%=976.08

3%=952.34
2%=928.97
1%=905.97

So I saw the car this weekend in person for the 2nd time, 1st time at LA car show and did the whole walk around and sat inside. The outside is stunning however the inside is sort of blah. Nothing really special but it was black extended leather so im assuming a color contrast like fox red would look great. But this is my problem. With a residual at 54% on a 3 year lease (Im sorry but how is that number so low, those are similar to audi numbers), they ran the numbers for me and it comes to 10k down and $1300 a month. This based at fully optioned at 70k. Im an M fanatic but there is no way I can pay that much when they are doing programs for the M6 and M5 that are pretty comparable these days. I think Im sticking with my E46 for a while until BMW comes to its senses or something gets my interest.


The math just doesn't work. Whats' the rate?
54% residual is actually quite good - that's 997 territory in Canada.
Greg

im using tvm pgm.. say 68K -15k = 53K say 6% for 5 years....
1024.64 per month

5% = 1000.18

4%=976.08

3%=952.34
2%=928.97
1%=905.97

No his car cost 63K, 15 down, finance 48K, I think 4.5%.
I suppose you have to add 4-5 for taxes to down payment since he is paying that out of pocket too. I didn't include that, as taxes are different on lease prices

I ran some numbers with sales guy.
67.5k msrp. 10k down, 1,063/mo. for 36 mo. 10k miles/ yr.
withtout BMW's lease special, it's quite harsh $$.

10k miles a year is nothing... even 12k is bad. 15k is somewhat realistic.

I would hate to be locked in at just 10k miles a year. That's nothing. Sure, saves you some money but you only get to enjoy the car going to work and back. Forget about road trips... where the love comes in.

Thats the basic numbers they gave me as of right now. Personally I think I need to wait a while but I think the residual is a joke. My E46 from 2004 fully loaded was purchased for 65k, i can sell the car 4 years later for near 34k. If could finance it I would rather and someone previously said 15k down 900 mo, I would do in a second but not sure that is possible or they are just throwing ridiculous lease numbers out there. Im not one of those people who thinks they will get this car for 0 down 800 a month but i am one of those people who thinks 10-15k down should be around 1k mark at least. I also feel best bet the cars still on the lot for a while with no one willing to pay but i doubt that will happen, too many people willing too pay a little extra for the lifes luxuries.

No his car cost 63K, 15 down, finance 48K, I think 4.5%.
I suppose you have to add 4-5 for taxes to down payment since he is paying that out of pocket too. I didn't include that, as taxes are different on lease prices

894.86

so you basically either buy and look to keep for a LONG time(since value will drop quick without CPO), or lease and basically get RAPED. Hmmmm, nice choices.

Like I said in a previous thread, these leases are outrageous, but expected, and not worth it IMO. Sorry, I love the Ms but anything near $1100 or $1200 is crazy for an M3 (and for a coupe!) That is clearly Porsche territory, but Porsches aren't for most people (practicality, etc. blah blah) so there is a strong market for Ms, including the M3. Whatever.

Let's see what happens, especially in L.A. with $15K to $30K mark-ups, which I also expected. Haha!!!

so you basically either buy and look to keep for a LONG time(since value will drop quick with CPO), or lease and basically get RAPED. Hmmmm, nice choices.

Aren't high lease rates more indicitive of better expected resale values? Not that it is a major thing for me as I expect to own for the long term.

Aren't high lease rates more indicitive of better expected resale values? Not that it is a major thing for me as I expect to own for the long term.

I would imagine that the opposite were true. High resale=low depreciation. Low depreciation would imply low payments for the use of the car since they can sell it for a bunch later. But, it's starting higher so it's got more to fall compared to the E46.

I would imagine that the opposite were true. High resale=low depreciation. Low depreciation would imply low payments for the use of the car since they can sell it for a bunch later. But, it's starting higher so it's got more to fall compared to the E46.

Oh, yeah, you're right. Must be my wishful thinking that switched it up.:thumbsup2:

I need some of you guys to purchase/lease so I can pick up the scraps. :thumbsup:

Can someone let me drive their Ferrari?

Give it a year - things will change.

Crazy!! E46 M3 FTW!!

The new M3 is nice and all, but it doesn't give me the raciness look like the E46 M3. Mags agree. I think it's on the fence even more now. The M3 has really become the GT coupe, which is what it will mostly be driven for. I don't know, I must be a different kind of customer now and BMW must be a different kind of carmaker. I want more rawness and BMW wants more profit. In the end, mo money sounds good. So, the BMW execs use their mo money and buy real sports cars like Porsches, etc... but they still have their Ms to drive around.

I'll report back once I drive one.

The new M3 is nice and all, but it doesn't give me the raciness look like the E46 M3. Mags agree. I think it's on the fence even more now. The M3 has really become the GT coupe, which is what it will mostly be driven for. I don't know, I must be a different kind of customer now and BMW must be a different kind of carmaker. I want more rawness and BMW wants more profit. In the end, mo money sounds good. So, the BMW execs use their mo money and buy real sports cars like Porsches, etc... but they still have their Ms to drive around.

I'll report back once I drive one.

I agree, and I believe that most mags agree, that the new M3 has become more of a GT. Maybe BMW is doing what Porsche did with their Carreras? Cater to the masses, which equals more profits, by making each sucessive model softer/more luxurious and then bring out the raw models (i.e. GT3 RS) for the original, true enthusiasts. Which would mean that BMW better bring out the CSL here in the U.S.!!!!!!!!! FINALLY!!!!

But I will also reserve judgment until I drive one.

I agree, and I believe that most mags agree, that the new M3 has become more of a GT. Maybe BMW is doing what Porsche did with their Carreras? Cater to the masses, which equals more profits, by making each sucessive model softer/more luxurious and then bring out the raw models (i.e. GT3 RS) for the original, true enthusiasts. Which would mean that BMW better bring out the CSL here in the U.S.!!!!!!!!! FINALLY!!!!

But I will also reserve judgment until I drive one.

Mark my word. If the CSL comes stateside I will put a down payment on one to reserve it because you know it will be limited edition. Whether I can afford it or not :lolhit:

Mark my word. If the CSL comes stateside I will put a down payment on one to reserve it because you know it will be limited edition. Whether I can afford it or not :lolhit:

if it comes near the price of the GT3 then no CSL or it better be very good. I heard that the GT3 next year or so will have 450hp NA. Is that true? anyone heard?

so i was at lunch at work, going back when i noticed a red sedan and white coupe..it was nice, but IMO so not worth 70k. the car didn't look complete..the sedan look awful imo. and what's up with the visible muffler/welds/rust? kinda looks not completed, hood bulge is wayy too big..i dunno..i'll pass for now.

so i was at lunch at work, going back when i noticed a red sedan and white coupe..it was nice, but IMO so not worth 70k. the car didn't look complete..the sedan look awful imo. and what's up with the visible muffler/welds/rust? kinda looks not completed, hood bulge is wayy too big..i dunno..i'll pass for now.

yeah, the hood bulge looks overstated compared to the rest of the body; it looks weirdier on the sedan.

It would work here...

http://www.conceptcarz.com/view/photo/266187,14973,0,0/2008_BMW_E92_M3_GTR_Photo.aspx

if it comes near the price of the GT3 then no CSL or it better be very good. I heard that the GT3 next year or so will have 450hp NA. Is that true? anyone heard?

That's exactly what i was thinking too. But IIRC, the E46 CSL could actually hang with the 996 GT3, if not out handle it, and was reviewed as one of the best handling sports cars. But we can only speculate as to a new CSL vs. 997 GT3 and we don't what the geniuses at Porsche are up to (not being sarcastic). At the same time, I have total faith that BMW Motorsport will deliver a beast of a CSL to the U.S. if it comes out :) I think I read somewhere that the GT3 may get more HP but nothing concrete yet.

BMW should take their que from Porsche and offer the world's best car market (US!!!), especially sports car market, the best sports cars in the world. Porsche finally came around with the GT2, GT3 and GT3 RS. Get to it BMW M!!!

I think the dealership is trying to rape you.
I am paying $1100/month with only the security deposit down($1200) and the car was $68000. 3 year lease.

I think the dealership is trying to rape you.
I am paying $1100/month with only the security deposit down($1200) and the car was $68000. 3 year lease.

I'm assuming your company is paying for it. There are a lot of awesome cars out there, perhaps pre-certified or slightly used that could cost less.

if it comes near the price of the GT3 then no CSL or it better be very good. I heard that the GT3 next year or so will have 450hp NA. Is that true? anyone heard?

the GT3 is an absolute marvel in engineering, a masterpiece that should have an example in the lourve its that good!

the GT3 IS expected to have a bump in hp to around 450 or so. 125 hp/ltr, mmmmm:drool:, as if its not high enough already!

the GT3 is an absolute marvel in engineering, a masterpiece that should have an example in the lourve its that good!

the GT3 IS expected to have a bump in hp to around 450 or so. 125 hp/ltr, mmmmm:drool:, as if its not high enough already!


I can't take it no more.... :banghead:

:ratatat:...:bugeye:...:bang:

Putting money down on a lease is very risky.

BMW now lets you do multiple security deposits in lieu of a downpayment. The advantage of this is that if your leased car is totaled or stolen, you'll get your deposits back. If you simply do a downpayment, you've lost that money forever if the car is written off.

Putting money down on a lease is very risky.

BMW now lets you do multiple security deposits in lieu of a downpayment. The advantage of this is that if your leased car is totaled or stolen, you'll get your deposits back. If you simply do a downpayment, you've lost that money forever if the car is written off.

Yeah, putting money down on a lease is insane. A few thousand to soften the payment a bit is okay, but throwing 10K to 15K down to get the payment at $850 or so a month is throwing your money into the garbage can. I'd rather have a high payment than do that.

I'm assuming your company is paying for it. There are a lot of awesome cars out there, perhaps pre-certified or slightly used that could cost less.

No, I am the one paying for it. I actually think that this is a lot of car for the money. But I am sure there will be some soon with around 5000 miles for quite a lot less money.

No, I am the one paying for it. I actually think that this is a lot of car for the money. But I am sure there will be some soon with around 5000 miles for quite a lot less money.

Rumor over the pond is that BMW may drop the price on the M3, due to low sales. I don't see it happening though.