Looking to possibley lease (business write off) for around 600-650 a month including taxes. Is this feasable for a bare bones M3? If not I'll have to go with a 530, which is not bad, but it's no M3 either.

Can this be done?

Yes. It all depends on how many years, miles, etc.

If it's a bare bones M3 with the rates BMW FS is currently offering, you can lease for 650 a month easily.
It all depends on how much of a discount they sell it to you for...

If you don't go through BMW FS, you can do even better.

Well it will probably be 15k per year maybe 42 months. Probably 3K out of pocket. I'll have to sit with a dealer but is this really feasable for $650 including taxes? If so I could be an M3 owner fairly soon.

Yes, it is feasible. Especially with $3K down...
This is, of course, for a bare bones M3. Doesn't make sense to me, but if that's what you want...

Go to your dealer, find out what the residual is for a 42 month 15K mile lease through BMW FS and other banks (US BANK, Chase, etc...),
what is the best money factor they're willing to give you, and then you can calculate the price at which you need to buy your car to make the payments.
It's really that simple...

Still debating to either purchase or lease an M3. I have NEVER leased a car. Can you lease a car from a bank? No, right? Wouldn't make sense to me. I would assume you must use BMW FS. Thanks

I think it will be nearly impossible to get the payment you want on an M3. Going to 42 months through BMW financial will actually raise your payment, BMW always keeps residuals the highest for 36. Every once in a while they will offer special deals for 39 months on slower selling models. Try and go through another lending institution if you stretch beyond 36 months.

I think it will be nearly impossible to get the payment you want on an M3. Going to 42 months through BMW financial will actually raise your payment, BMW always keeps residuals the highest for 36. Every once in a while they will offer special deals for 39 months on slower selling models. Try and go through another lending institution if you stretch beyond 36 months.

They've had pretty decent 42m lease deals on M3s lately.

I have a $727/mon 42 month lease on a $58,120 MSRP.
residual = .58
money factor = .00195

But you're right, usually 36 mon is more attractive. But when I locked in on Feb. BMW FS rates, the monthly payment for 42 came to slightly less than for 36.

Also, just as a warning. The BMW Build Site doesn't show the gazz guzzler in the total. You have to add $1000, and it's treated as an option so it gets sales-taxed on top of that.

you can get a lease from alot of places. check out

carbuyingtips.com

monthly payment can be made into anything if you put enough down

I would have to suggest LeaseByTel and talk to Mike. I ordered my M3 through him and his prices beat BMW by 100 to 150 a month. Forum member: greenmeansgo actually turned me on to him. He bought leased his vert through them also. PM me for more info.

They've had pretty decent 42m lease deals on M3s lately.

I have a $727/mon 42 month lease on a $58,120 MSRP.
residual = .58
money factor = .00195

But you're right, usually 36 mon is more attractive. But when I locked in on Feb. BMW FS rates, the monthly payment for 42 came to slightly less than for 36.

Also, just as a warning. The BMW Build Site doesn't show the gazz guzzler in the total. You have to add $1000, and it's treated as an option so it gets sales-taxed on top of that.


I did the same.

My car is also going to be a company/business vehicle. That's why i only went 10k/42 month. It's going to be a second car, probably only going to put 7-8k a year on it. That way i keep my baby pristine. ;)

I think it will be nearly impossible to get the payment you want on an M3.

I have to disagree, unless you're strictly referring to a 42 month lease through BMW FS.
$650 is perfectly attainable on a bare bones M3. I would actually take that strictly as the starting point.

But even if you go through BMW FS, with the .00215 money factor they're offering, and the nice residuals (61% for a three year),
on a 50K bare bones M3, you can bring it down to where he wants it. Do the math. The numbers don't lie.

If on top of that he gets a couple grand off the MSRP,
(if that's feasible on a non-optioned car....) then he can lower the payment even more or even add options and still keep the payment where he wants it.

I have to disagree, unless you're strictly referring to a 42 month lease through BMW FS.
$650 is perfectly attainable on a bare bones M3. I would actually take that strictly as the starting point.

But even if you go through BMW FS, with the .00215 money factor they're offering, and the nice residuals (61% for a three year),
on a 50K bare bones M3, you can bring it down to where he wants it. Do the math. The numbers don't lie.

If on top of that he gets a couple grand off the MSRP,
(if that's feasible on a non-optioned car....) then he can lower the payment even more or even add options and still keep the payment where he wants it.
Sitting in my office, I just did a 36 month lease. Using our state tax and a 61% residual on a 53k dollar car taking a grand off the price (being realistic, you possibly could do better), I have a little over 800 a month. Aquisition fees, security deposit, etc. takes a chunk off the 3 grand he wants to put down. Btw, I used the .00200 rate which equates to about 4.8%. To get to 600-650 a month you will have to try a different lending route and/or extend the 36 months. Roughly, count on an additional 30 dollars off for every thousand you get discounted or decide to put down.

All right, let's sit down and do a deal...

A bare bones jet black M3 with leather/cloth interior.
That's $48K. $1K guzzler tax. MSRP $49K.
Drive off- this can be worked out depending on whether we capitalize
the bank fee ($825) into the lease or not. Let's say we pay it up front for now. So $825 + 500 DMW, + $45 paperwrok and whatnot,
so figure around $1400. No security deposit (hence the .0015 I added) because, of course,
we're assuming stellar credit... (My FICO is 790).
I'm putting down $1500 from the $3K.

Here's your lease...

Capitalized Cost 48000
MSRP 50000
Luxury Tax 0
Bank Fee 0
Total Cap 48000
Cap Reduction 1500 Down Payment
Net Cap 46500
Residual Rate 0.61
Residual 30500
Total Depreciation 16000
Term of Lease 36
Monthly Depreciation 444.4444444
Money Factor 0.00215
Monthly Rental 165.55
Base Payment 609.9944444
Sales Tax Rate 0.0825
Monthly Sales Tax 50.32454167
Monthly Payment 660.3189861
Tax on Credit 116.25

Total Payment 25387.7335

This is assuming $2K off the MSRP, an additional $1K in options
(you can actually substitute that for the bank fee, and your drive off is $825 lower...)
and for a CA car. Sorry, it's feasible...

How did you get the residual to 61% when he wanted a 15k a year?

I used a 12K a year as reference. Read my post #4.
I asked him to go to the dealer and get the correct residuals.
Isn't that what you used in your calculation too?

If you know what the residual is for a 15K then we can work it out from there... There's still fifty things that are undeterminded and that you can still tweak to make the payment, but all I'm saying is that it's feasible.
Not easy, but feasible. And not really all that hard...

March '05 residuals for 36 months on an '05 M3. 10k=61, 12k=60, 15k=58.

Yes, I used 10k to try and get him closer to the payment. Closest I could get to was $674.15 per @ 10k on a absolute base model with 2k off MSRP.

I was going on Feb rates- when I bought my car.
I guess my sales guy wasn't kidding when he said that he needed to lock me in before the rates changed.
I thought it was a sales ploy...

Then all it takes is $3000 down:

Capitalized Cost 48000
MSRP 50000
Luxury Tax 0
Bank Fee 0
Total Cap 48000
Cap Reduction 3000 Down Payment
Net Cap 45000
Residual Rate 0.58
Residual 29000
Total Depreciation 16000
Term of Lease 36
Monthly Depreciation 444.4444444
Money Factor 0.00215
Monthly Rental 159.1
Base Payment 603.5444444
Sales Tax Rate 0.0825
Monthly Sales Tax 49.79241667
Monthly Payment 653.3368611
Tax on Credit 232.5

Total Payment 26752.627

Good numbers, I stand corrected (you can get close to 650). The least expensive M3 I located has an msrp of 52,840.00. Alpine White/Cinanamon leather, glass moonroof, power front seats and xenon lights.

There is your car Meeno and your numbers...now go get it. :)

anyone want to let me know if i am getting a good deal?

10k year/42 month 0 down (just basics down...1800 i think) My car is loaded...stickered out to 62k. Payment he said is around $860 a month. Did i do ok?

check leasecompare.com also.

I'm a new member and I was also looking to lease an M3, but I'm undecided on either lease or buy, and have no idea on the color!

Has anyone on this board actually used Leasecompare.com services? Was there any difference between them and BMW FS?

Leasebytel.com is the way to go on this. Talk to Mike at 248.379.0745. They have multiple financial institutions and dealers that they work with and beat BMW Financial by $150-200/month! The residual on my '05 M3 'vert is a whopping 72%(!) which made my payment $700/mo with a $2,500 cap reduction. It's not a stripper either; SMG, xenons, carbon black paint. Remember, on a lease the two key components are going to be the money factor and the residual because all your doing is essentially paying for the depreciation.

Besides, how cool is it to have your car delivered to your door :cool ?
Hope this helps.

Leasebytel.com is the way to go on this. Talk to Mike at 248.379.0745. They have multiple financial institutions and dealers that they work with and beat BMW Financial by $150-200/month! The residual on my '05 M3 'vert is a whopping 72%(!) which made my payment $700/mo with a $2,500 cap reduction. It's not a stripper either; SMG, xenons, carbon black paint. Remember, on a lease the two key components are going to be the money factor and the residual because all your doing is essentially paying for the depreciation.

Besides, how cool is it to have your car delivered to your door :cool ?
Hope this helps.

Wow, that's a sweet deal! Thanks for the info greenmeansgo. Curious, what's your annual mileage with that payment?

Wow, that's a sweet deal! Thanks for the info greenmeansgo. Curious, what's your annual mileage with that payment?
12K/yr. :alright Go to bmwusa.com or caranddriver.com, pick out your options (the C/D website gives you the actual dealer codes IIRC), call Mike and order it. He'll first search dealer inventories but if that's a no-go, he'll order it for you and it takes around 2-3 months.

Hope this helps.

Totally agreed Mike is the Man... I'm saving roughly $150 a month going through Mike at Lease By Tel... Give this guy a call 248-379-0745 He's a real down to earth guy. I'll be taking delivery of my 05 Jet Black / Cinnamon SMG in May, the wait is killing me :mad .


Thanks Again Darin for the suggestion... :redspot

Is leasebytel still around or is it autoflex now?

the site is http://lease-by-tel.com/ (lease-by-tel) by the way I'm Uber330Ci. I had a 330Ci for a total of 5 days.

I noticed the autoflex. But as posted earlier call Mike he's a great guy and down to earth. And trust me there's nothing like having you car delivered to you door.

Car listed below is under $700 a month...

Okay, I have to add my $.02. I have been pricing M3s for a while now, and have been trying to play several dealers against each other, and on this car. For 0 cap cost reduction, with taxes rolled in, on an 06 with premium package, heated seats, xenon, HK, and BMW Assist (for the bluetooth), I've been quoted, for a 12k mile 36 month lease with NYS tax included:

$805 (Princeton)
$830 (Manhattan)
$820 (Bayside)

And, the moment you've all been waiting for....

$679 Lease-By-Tel

If I decide to buy a new M3, this is definitely the way I'm going to do it.

Lease = :thumbdown

If you can't afford it new, don't buy it.

I'm not bragging, I can't afford new, so I buy used. Leases are a rip.

Lease = :thumbdown

If you can't afford it new, don't buy it.

I'm not bragging, I can't afford new, so I buy used. Leases are a rip.

+1 throwing money away!