Lease, Finance, or Cash for M3/M4

[Dasm3nd]

I am just curious as to what method people will procure their car: Lease, Finanace, Cash, or Other. If it's other, please specify.

I set up a poll to see generally what most are doing. I am torn between leasing and then buying the LCI or just buying now.

Cheers!

[Sedan_Clan]

Leasing all the way for me. I never keep cars long enough for purchasing to make sense. Hell, I've never even gone the full term on a lease.

[dmk08]

I was gonna buy but I'm thinking about leasing so I can trade it in on an M4 GC when they release it.

[Black Gold]

buying

the residuals will suck and in texas you pay taxes on the entire value of the car even on a lease.

if I love the car and the LCI with comp pack is enticing, I could possibly trade in on one in a few years, but I love the car as is.

I plan to finance because the market has done well, and I will allocate that extra cash to paying my house off faster. My plan is to put down 30k on a 70k car and borrow 40k. I own my m3 outright, so I hope that the trade will cover the 30k, taxes and fees and get a few K back in my pocket.

[filip75]

Financing

Just as KennyPowers said - Texas private lease terms are not very good, so I'll finance with $20K down. But once the new M5 comes out, I'll lease one through the business.

[Dasm3nd]

Originally Posted by KennyPowers

buying

the residuals will suck and in texas you pay taxes on the entire value of the car even on a lease.

if I love the car and the LCI with comp pack is enticing, I could possibly trade in on one in a few years, but I love the car as is.

I plan to finance because the market has done well, and I will allocate that extra cash to paying my house off faster. My plan is to put down 30k on a 70k car and borrow 40k. I own my m3 outright, so I hope that the trade will cover the 30k, taxes and fees and get a few K back in my pocket.

I also want this car to be my daily driver. If I do that, then 15-17k miles per year.

I don't know how the car will do after 4-5 years.

I also can't figure out whether to lease or buy as I do have my own business so could take advantage of this.

Any input is welcome.

[nicknaz]

If it turns out that a 100% stock F80 can burn through a full tank of gas hot lapping without any heat issues (like the C7 Z51) I'm going cash and keeping it till the wheels fall off.

4dr daily driver that is truly track out of the box is something really special (in my opinion anyway)

[Powaup]

I'm between BMW select and Leasing whatever will get me to $500ish payments. If I lease I won't put everything in down payment but in an account and "subsidize"

I wanna lease because I can buyout, sell the car myself right after and then get in an LCI model and do a second euro delivery. + leasing means I can take advantage of MSDs

And yea this will be my DD and I plan on driving it until the wheels fall off.

[JasonX4MComp]

I'm between purchasing and leasing as I may want to keep this car for a long time

[Powaup]

Originally Posted by Dasm3nd

I also want this car to be my daily driver. If I do that, then 15-17k miles per year.

I don't know how the car will do after 4-5 years.

I also can't figure out whether to lease or buy as I do have my own business so could take advantage of this.

Any input is welcome.

Oh man you should def lease if you can write if off on taxes at least for the term of the lease. Then maybe buy it out at the end or get a newer one. LCI will be out by then

[angelc5]

Not sure yet, I want to keep the car maybe lease and opt to buy later.

[Ghetto2315]

If the E92 lease residuals are any indication of what the M3/M4 will be, I expect the residuals to be very good.

[changw1]

I think it is unrealistic to get to 500ish lease payment on a M3/M4, Assming you buy a stripped car at 63000, the monthly payment is around $730 (pre-tax) assuming very optomistic financing rates at 0.00081 money factor (after putting down maximum MSD) and 50% residual after 48 months. In addition, you will need to add tax on top of that monthly payment. You will need to put around 10k down payment to get to 500ish payment for a lease.

Looks like the only thing that will get to 500ish payment is to do BMW Select Finance with a 10 to 20k down payment.

[Dasm3nd]

Originally Posted by Powaup

Oh man you should def lease if you can write if off on taxes at least for the term of the lease. Then maybe buy it out at the end or get a newer one. LCI will be out by then

What is typically updated in the LCI model besides LED taillights?

[Carl L]

Originally Posted by Dasm3nd

What is typically updated in the LCI model besides LED taillights?

Not much, my E60 was a facelift and they also changed the interior door handles and added chrome to the radio volume button. LCI changes, particularly on M cars due to the model specific bodies, receive minor tweaks only forum members can notice.

[Carl L]

Originally Posted by Dasm3nd

I also want this car to be my daily driver. If I do that, then 15-17k miles per year.

I don't know how the car will do after 4-5 years.

I also can't figure out whether to lease or buy as I do have my own business so could take advantage of this.

Any input is welcome.

I'd buy. Then the car is truly yours and if you love it you can keep it long term without penalty. If you don't fall in love you can sell it after a few years and net-net have spent no more money as with a lease.

I've never been a lease fan but that could be because I'm not often a latest and greatest kind of guy and, hailing from Europe, it's quite an odd concept to lease your car (fleet cars excepted). For those who know they won't want a car past three years, I can see why leasing appeals.

[nicknaz]

For the leases, another possibility is down the line the euro delivery invoice +$750 deals might happen again. That low negotiated price really helps bring the lease cost down.

[Vectors2final]

Really curious to see how many of you end up doing select and what your results may be. Any one considering select going to get their car anytime soon?

[BMWonlyZone]

Of course you lease this car., Maybe not when it's first released, but you rent it! always!

Don't buy an $80K car unless you have a pile of cash and don't give a shit. otherwise, Lease it!

[BMWonlyZone]

Originally Posted by nicknaz

For the leases, another possibility is down the line the euro delivery invoice +$750 deals might happen again. That low negotiated price really helps bring the lease cost down.

Might? This car will be $800 to $900 a month in a year and a half. Sit on your eggs and let the rich guys get em now. Trust me.

[F82_SID]

I will be doing BMW Select again.. Is that "other" or "financing"?

[Vectors2final]

It's considered financing.