[Sethhboii]

I'm buying! Plan on keeping the car for 10 years.

[Game]

Originally Posted by Tag

What are the 60mo finance rates at your dealership on M3/4's for someone with excellent credit?

4.99

Not good.

[trey100]

Originally Posted by Tag

I'm actually surprised most everyone is buying, with the exception of one bubble bather.

IIRC the F87 was more even divided between buyers and leasers.

If you intend to buy then the only thing you need to compare is the money factor (interest rate) vs the finance rate. There's not much magic to it.

[OSee]

The F87 leased like shit. Are we expecting something different here?

I bought my F87...drove it around for a few years...and sold it for $2k short of what I paid new. My effective payment was something like $55 a month.

I know we're never going to get something like this again (Corona Induced Car Crazyness) but buying this car probably won't be the worst thing in the world.

[anhayes2]

Here's some math:

According to this deal on BMW's site:

A 240i xDrive with MSRP $53495 has a lease payment of $689 per month.

This lease has a residual value of $28887 (54% of the original MSRP). So the amount "value" of the car you're paying for by leasing is $53495-$28887 = $24608.

At signing, you make a down payment of $4285 plus the first month's payment, so the total amount left is $24608-$4285-$689 = $19634 over 35 months.

Now instead of this lease with $689 monthly payment, suppose instead that you have a loan of $19634 over 35 months (these two things are essentially the same thing).

The $689 monthly payment on a 35-month loan of $19634 comes out to an interest rate of 14.26% APR. You end up paying $4481 in interest on that loan.

tl;dr: leases are awful right now. Don't lease.

[M3WC]

Leases have always been awful on 2series. BMW doesn't inflate the residuals like they do on other models. Now money factor is also terrible, so leasing is a no go.

[02M3ForMe]

Originally Posted by anhayes2

Here's some math:

According to this deal on BMW's site:

A 240i xDrive with MSRP $53495 has a lease payment of $689 per month.

This lease has a residual value of $28887 (54% of the original MSRP). So the amount "value" of the car you're paying for by leasing is $53495-$28887 = $24608.

At signing, you make a down payment of $4285 plus the first month's payment, so the total amount left is $24608-$4285-$689 = $19634 over 35 months.

Now instead of this lease with $689 monthly payment, suppose instead that you have a loan of $19634 over 35 months (these two things are essentially the same thing).

The $689 monthly payment on a 35-month loan of $19634 comes out to an interest rate of 14.26% APR. You end up paying $4481 in interest on that loan.

tl;dr: leases are awful right now. Don't lease.

You have to factor in the $49k someone has to lock up for 3 years to control the asset (the G42). When you do, the APR for a comparable loan with the same monthly and $29k balloon payment is closer to 4%.

[anhayes2]

Originally Posted by 02M3ForMe

You have to factor in the $49k someone has to lock up for 3 years to control the asset (the G42). When you do, the APR for a comparable loan with the same monthly and $29k balloon payment is closer to 4%.

My bad, I think I see what you're saying — it's like if you had a loan of the total value of the car (accruing interest on the total amount of MSRP minus down payment), but you only had to pay it down to the residual value over the 36 months.

I do it that way and it comes out to 3.92%.

[fanofbmwe46]

Cash

[SPDandPWR75]

How crazy do we think lease prices will be?

[Poochie]

Originally Posted by Tag

What are the 60mo finance rates at your dealership on M3/4's for someone with excellent credit?

Originally Posted by Tag

BMW FS also upped their credit approval standards for their top-tier promotional rates, so it's even harder to qualify than before for even their lowest advertised APR, which as you mention is whopping 6.5%. Ouch.

Each number requires a FICO Auto 8 for the number above to be qualify.

740+ Super Elite

700-739 Elite

675-699 Standard

640-674 Standard Plus

601-639 Progressive


.

[Sporck]

I will finance mine for five years and then buy it. Interest rate is 4.99% (Germany).

[modvp]

I am planning on buying, I have never leased before.

[Vaticous]

Buying. Hoping these recent FED interest rate hikes run its course on the economy and bring down demand (and thus inflation) to a reasonable level by May. I was given a terrible APR proposal and have great credit. I turned it down and will be running the numbers again come delivery day in hopes of better federal funds rate by then.

[Ctothej]

Originally Posted by Sporck

I will finance mine for five years and then buy it. Interest rate is 4.99% (Germany).

Most likely this

[Danman5666]

Most likely will finance and/or pay cash. Lease rates are awful right now.