lease quote from dealer M4

[Jbmw21]

It's my first M car and jus need help if numbers are correct thanks went to local dealer

Msrp- 85,700
Selling price 85,700
Residual- 58%
Residual amount is 49,706
Total cash out of pocket is 5,865.
36 month term 10,000 miles
Sales tax NJ $3,397.95
Reg fee 304.50
Bank fee 925
Doc fee 389
Tire tax 6.00
Monthly payment 1185

Wanna no if it's a good deal ? Thanks

[Tonymiabmw]

This what I got maybe I did something wrong idk, used NJ sales tax

[dmk08]

Originally Posted by Tonymiabmw

This what I got maybe I did something wrong idk, used NJ sales tax

Different residual than his. Hes at 10k.

[Tonymiabmw]

Revised

[Tonymiabmw]

Last one is assuming you pay tax upfront. This one is with it capped.

[Tonymiabmw]

Tax capped

[michaelw9]

Originally Posted by Tonymiabmw

Tax capped

I think you are also missing $1624.50 of fees in there.

[Tonymiabmw]

Originally Posted by michaelw9

I think you are also missing $1624.50 of fees in there.

Nope added the fees

[brianhn1]

It's not a $5865 cap reduction because he is paying for the 1st month of 1185 also. So its really a 5865-1185=$4680 cap reduction.

[Tonymiabmw]

Originally Posted by brianhn1

It's not a $5865 cap reduction because he is paying for the 1st month of 1185 also. So its really a 5865-1185=$4680 cap reduction.

Ok recalculated now $1128 what's the extra 60$. Dealers try to squeeze anything they can outta these deals. Over 36 months 60$ is $2160. Nice little chunk of change for the dealer. Maybe I missed something idk.

[Ali.K_BMW]

I will run these for you on Wednesday.

[Jbmw21]

Thanks Ali please does seem alittle weird the numbers

[brianhn1]

Originally Posted by Tonymiabmw

Ok recalculated now $1128 what's the extra 60$. Dealers try to squeeze anything they can outta these deals. Over 36 months 60$ is $2160. Nice little chunk of change for the dealer. Maybe I missed something idk.

Actually I made a mistake. Cap reduction is equal to out of pocket ($5865) minus 1st month's payment ($1185) minus dealer fees ($1624.50). So cap reduction is $3055.50.

Tax seems to be 9%?

Your calculator should be pretty close now.

[Tonymiabmw]

Originally Posted by brianhn1

Actually I made a mistake. Cap reduction is equal to out of pocket ($5865) minus 1st month's payment ($1185) minus dealer fees ($1624.50). So cap reduction is $3055.50.

Tax seems to be 9%?

Your calculator should be pretty close now.

Yup 1176 now

[BMWonlyZone]

These numbers are way too high for this car. I am paying less per month, with no cap cost, for a $104K M5.

Suggestion: wait a year. Just not worth paying north of $900 or so for this car.

[aus]

Crazy bad numbers.
You can get some pretty good deals on M5's now since they're getting killed in the comparo's.

.

[Race_Doc11]

exactly!

Originally Posted by BMWonlyZone

These numbers are way too high for this car. I am paying less per month, with no cap cost, for a $104K M5.

Suggestion: wait a year. Just not worth paying north of $900 or so for this car.

[ridin135]

I will hold off of the m3 for awhile those numbers are horrible

[M Fanatic]

Anyone who is paying that kind of money for an M3 is crazy in my opinion. My friends are getting quotes like 1160/month for a fully loaded 120k M5 with nothing down and taxes upfront. One of them is a 120k car, the other is a 80k car, yet their payment is the same. That should tell you something. Not only you are getting taxed big time on the 58% residual vs what we were used to in the M3s %61 and above but you are also getting ripped off on the 7-8k MSRP on top of the invoice. It's like getting ripped off twice. It makes no sense whatsoever. I am not paying MSRP myself as I have a good relationship with the dealer (except I will have to wait a month before I take delivery, which is fine), but even I am re-thinking my options at this point. The invoice on the M3 is 91.9% of the MSRP value, do the math yourself and make sure you factor in the 3-4% residual difference that will happen next year to 6 months.

M3 is a 800-900/month car. Not a penny more. I'm happy to pay 50-60 bucks more a month, but even that is a stretch. It's over 2 grand extra for the life of the lease and remember the first year teething problems that all of us will have to deal with.

[BMWonlyZone]

Originally Posted by M Fanatic

Anyone who is paying that kind of money for an M3 is crazy in my opinion. My friends are getting quotes like 1160/month for a fully loaded 120k M5 with nothing down and taxes upfront. One of them is a 120k car, the other is a 80k car, yet their payment is the same. That should tell you something. Not only you are getting taxed big time on the 58% residual vs what we were used to in the M3s %61 and above but you are also getting ripped off on the 7-8k MSRP on top of the invoice. It's like getting ripped off twice. It makes no sense whatsoever. I am not paying MSRP myself as I have a good relationship with the dealer (except I will have to wait a month before I take delivery, which is fine), but even I am re-thinking my options at this point. The invoice on the M3 is 91.9% of the MSRP value, do the math yourself and make sure you factor in the 3-4% residual difference that will happen next year to 6 months.

M3 is a 800-900/month car. Not a penny more. I'm happy to pay 50-60 bucks more a month, but even that is a stretch. It's over 2 grand extra for the life of the lease and remember the first year teething problems that all of us will have to deal with.

You are exactly right. I am paying $1000 p/m for $104K M5 (on the ship now, yay). Now, I get that they are two different cars, but look at the price difference, etc. M3/M4 is and always will be about a $800 to $900 per month car generally speaking. If you MUST have it first and have money to burn, go for it. Otherwise, this is just a bad deal right now. PS. GREAT car, just not the right timing. When my M5 is up in 3 years there's an LCI M4 in my future for about $850 per month!

[Powaup]

No MSDs? And no loyalty discount eh?

Crazy that you other guys are paying less for an M5 that cost $20k more. I just want an M4 much more than an M5 and need a car ASAP but yes I really wish the number were looking better

[BMWonlyZone]

Originally Posted by Powaup

No MSDs? And no loyalty discount eh?

Crazy that you other guys are paying less for an M5 that cost $20k more. I just want an M4 much more than an M5 and need a car ASAP but yes I really wish the number were looking better

I get it. I wanted an M4 too. Just not willing to pay/wait for it now.

Get an M5! No doubt its a big fat over-bloated pig that needs a serious diet, but that's half the fun! And for a grand a month with 12K miles per year, was a no brainer for me.

Hey, M4, see you in 3 years!