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View Full Version : M3 Good Deal????


skeemr4
Fri, Jan-28-2005, 09:50:42 PM
What do you guys think of this deal???

Trading in my 2002 M3 lease
Dealer is taking over 8 payments at 669.71 / month

I'm getting a 2005 M3
Alpine White
Imola Leather
PP/SMG/NAV/Heated Seats/Xenons

MSRP = $58,600
$5,000 Down
850/month 36 Months (Traditional Finance)

I'm ready to go put the deposit down....let me know what you think

scubadoo68
Fri, Jan-28-2005, 10:15:08 PM
No way that's a "finance". 100% positive that's a lease. Just adding up the payments, not including interest, it's only $31,000. Plus the dealer is eating payments on the other lease. This has gotta be a lease.

skeemr4
Fri, Jan-28-2005, 10:32:34 PM
ya

I think he screwed up

sy0296
Fri, Jan-28-2005, 10:36:18 PM
No way that's a "finance". 100% positive that's a lease. Just adding up the payments, not including interest, it's only $31,000. Plus the dealer is eating payments on the other lease. This has gotta be a lease.

well dealer is still making a profit even if they take over the 8 months of his old payments. it's like trading your car in (minus about $5500 the dealer is paying for old payments) and then putting another $5k down (covering what they have to pay). and i'm sure they've prorated it into the new payments anyways...no dealer i know will ever take a loss. In essense, you're really not getting anything special out of this deal, but then again, I haven't shopped for cars in the past 11 months or so

but anywas, $58k is not MSRP for the options you listed. isn't that a tad bit high?

scubadoo68
Fri, Jan-28-2005, 10:43:24 PM
well dealer is still making a profit even if they take over the 8 months of his old payments. it's like trading your car in (minus about $5500 the dealer is paying for old payments) and then putting another $5k down (covering what they have to pay). and i'm sure they've prorated it into the new payments anyways...no dealer i know will ever take a loss. In essense, you're really not getting anything special out of this deal, but then again, I haven't shopped for cars in the past 11 months or so

but anywas, $58k is not MSRP for the options you listed. isn't that a tad bit high?

Dealer can't make a profit if the total of his payments is $31,000 + $5,000 down = $36,000 for a $56,000 car?????