Best option to keep car for 48 months?

[potxoli]

Question: If you wanted to keep an M3 for 4 years (to run out warranty), what is the cheapest way to accomplish that? Lease, Finance or Select? Assume there is money for a decent downpayment on a finance or for MSDs on a lease.

I leased my current 135i for 36 months no money down, no MSD (did not know about them), then bought it out with a 48 month financing and no money down at lease end. Lease payment was $600 and financing payment was $587. I was 48 months in when I ordered the M3, but will be at 53 months when all is said and done by the time the M3 arrives. I'll have approximately $2-$3K equity in the 135i at trade in time for the M3.

I want to keep the M3 4 years. Should I do this again? Is there better way? Interested in minimizing cash over entire period.

Thanks!

[DocWeatherington]

Originally Posted by potxoli

Question: If you wanted to keep an M3 for 4 years (to run out warranty), what is the cheapest way to accomplish that? Lease, Finance or Select? Assume there is money for a decent downpayment on a finance or for MSDs on a lease.

I leased my current 135i for 36 months no money down, no MSD (did not know about them), then bought it out with a 48 month financing and no money down at lease end. Lease payment was $600 and financing payment was $587. I was 48 months in when I ordered the M3, but will be at 53 months when all is said and done by the time the M3 arrives. I'll have approximately $2-$3K equity in the 135i at trade in time for the M3.

I want to keep the M3 4 years. Should I do this again? Is there better way? Interested in minimizing cash over entire period.

Thanks!

Hmm...48month lease, or do Select/ or Pen Fed Payment Saver Loan if you want the flexibility.

Do you have numbers for all the options? I would get numbers and think about doing EU delivery for the best price.

I would think they all should be payment wise within a 100 bucks of each other. Just would come down to the details and the question of lease vs buy concepts.

I myself did a Penfed payment saver 36 month and as of July .. I have 24months left, 0-down, 2k over EU invoice and payment is $811. However I am fairly certain I am already close or just above breaking even , but I wanted the flexibility of non-leasing the negative is it's a non lease and the end value isn't locked.

Get us some numbers, that should help in the decision process.

Welcome to the family

[potxoli]

thanks for your help. I was being lazy and hoping there was a general consensus I can't get numbers yet since residuals are not out for 2016 models. On 2015 models on bmwusa.com shows the difference for 36 vs 48 months lease is ~$150/month more which seems very expensive. The additional year would cost 36*150 + 12*900 = $16200 which is crazy I think.

So I'm pretty much sure I've ruled out a 48 month lease.

[DocWeatherington]

Originally Posted by potxoli

thanks for your help. I was being lazy and hoping there was a general consensus I can't get numbers yet since residuals are not out for 2016 models. On 2015 models on bmwusa.com shows the difference for 36 vs 48 months lease is ~$150/month more which seems very expensive. The additional year would cost 36*150 + 12*900 = $16200 which is crazy I think.

So I'm pretty much sure I've ruled out a 48 month lease.

Yeah but I think if you work the numbers its would be less than 900 a month for 48 months.