[aeldamaty]

I placed an order for a 2023 M340. It arrived, but now I'm hesitant to take it. I still have my 2019 330 with 1 more year left on the lease.

The 340 is just over double the cost of my current car monthly, and with some upcoming big events next year, I think I'd want to get rid of it in a year or so.

I'm slightly worried that with the high lease rate, it may be hard to either sell it without having to fork up more out of my own money, or find someone to take it over in a year.

My dealer says this car is super desirable, and very hard to get. He also says the factories in Germany may be shutting down in the new year if the war continue, and lease rates will likely still be high for a while. He also said there may be more price hikes incoming.

What do y'all think? Stupid of me to get it with the intention of getting rid of it in a year or so? Or get it and I should be fine?

Also located in Canada if that's makes a difference.

[LPTyler]

If I had a current lease that had a year left, and I knew I needed to get out of my car in a year, no way would I take on a new more expensive lease with multiple years on it that is way more expensive.

[00mar]

While it's extremely hard to predict economy and wars in the future, I don't see supply and interest rates coming down soon.

It is a personal choice depending on how soon you expect to get rid of the car. The M340 is an incredible car and probably one of the hardest non full M car to get. Sure there will be interest if needed to sell.

Essentially needs to be your personal decision based on all factors but M340 won't disappoint if you do purchase! Congrats on it delivering

[SpeedyATL]

I'd wait...in fact I am.

I passed up a long awaited M440CV for a few reasons, not the least of which was the slowing economy and used car market.

I don't foresee much improvement in the new car market (really all you can lease) but the used car market is softening quite a bit while the world's economy is circling the drain. While still inflated well over where it should be, in a handful of months (or 12 in your case) the used car market should make many things available to you if you can afford to buy vs lease.

In the US, you can extend your lease for up to 6 mon automatically (if through BMW FS) if you have a car on order and up to another 12 months after that if your car has not come in.

Again, if the same as in the US, you could order an M3 (these currently have long build cycles) about 2-3 months into the automatic 6 month extension, decline the car when it comes in for any reason and thereby extend your lease for a total of 18 months.

They will reset your monthly payment for the final 12 months, but it wont double as you are facing with the new M340.

The above is what I have done, although it was not deliberate as I am suggesting above.

IMO, you should do anything to avoid leasing in this environment.

[sdf150guy]

Current lease rates are terrible in the US. I looked at them on the M440i GC we just picked up and they were almost laughable. We purchased it instead. If you are concerned about the payments, I’d wait.

[psuibmw]

It all depends on your financial situation and no one can decide that except yourself!

If you can afford it, I would take the M340, but finance it for sure. Leasing does not make sense at all now. I take the car and immediately put it on CarsandBids or BringaTrailer, for quick $$.

Then, I buyout my current lease and use the car until the market settles a bit. I'm sure your residual value is less than the market value, so buy your car and sell the M340i