[R.A.B]

I leased back in 2020 a M340i 36 months 12k miles 3500 out of pocket all in for 570. I see some of these prices and I can't believe it. Double the payment and double out of pocket with less miles. My buyout is 38k I only have 21k miles but after you add in extended warranty and maintenance it's an additional 10.5k on top of the buyout so over 5 years which is the max you can bring it to my monthly payment would be high 9s. Does anybody know in New Jersey if I can get a deal at least close to what I'm paying now with the same terms?

[oonowindoo]

Originally Posted by R.A.B

I leased back in 2020 a M340i 36 months 12k miles 3500 out of pocket all in for 570. I see some of these prices and I can't believe it. Double the payment and double out of pocket with less miles. My buyout is 38k I only have 21k miles but after you add in extended warranty and maintenance it's an additional 10.5k on top of the buyout so over 5 years which is the max you can bring it to my monthly payment would be high 9s. Does anybody know in New Jersey if I can get a deal at least close to what I'm paying now with the same terms?

Even i dont live in NJ, i can tell you, those days are over.

The only reason you got deals like that is because you had significant discount - 10% or more (you are lucky if you can get 500 off nowadays.)

BMW subsidized money factor - Dealer cannot change that. If you actually look at the current interest rate, you will see what you got before is impossible to get today


If you add those 2 things together, I just don't see how that is possible in 2023. Maybe down the road when the interest rate and car market go back to 2020. But i personally dont see that happening any time soon.

My wife just bought her CX30 off her lease at 8.49% APR Her credit score is 867. Go figure.
Leasing a new 30k CX30 will cost very close to what i am paying for my $64k M340i.

We ended up only financing 20% of the total amount for 36 months to make the interest more tolerable.

That is the market now.... dont buy/lease a new car if you dont have to, unless you are planning to pay cash.
Even Paying cash is not ideal.. when the car market normalizes (whenever that may be) and people are getting a decent discount again, you will take a big hit on the resale value again since you paid close to MSRP. Either way you will lose.

Just dont buy one right now

[m240nj]

Originally Posted by R.A.B

I leased back in 2020 a M340i 36 months 12k miles 3500 out of pocket all in for 570. I see some of these prices and I can't believe it. Double the payment and double out of pocket with less miles. My buyout is 38k I only have 21k miles but after you add in extended warranty and maintenance it's an additional 10.5k on top of the buyout so over 5 years which is the max you can bring it to my monthly payment would be high 9s. Does anybody know in New Jersey if I can get a deal at least close to what I'm paying now with the same terms?

Also leased in early 2020. $67K 340, taxes due at signing, $630/month. Unfortunately that vehicle had a tree fall on it and I'm looking for a new one. Nobody will go under MSRP. Lease payments are double what they were just 2 years ago. I can go through a broker like I've done for my last 3 BMWs but the current wait would be 4-5 months which I can't do. Going that route I'd be able to get 4% below MSRP which is still a crazy high payment given the change in rate. The used market isn't any better. 2020s with low miles are selling for close to $50K (and were likely modded/abused). Considering financing something new and just paying it down as quick as possible. It ain't easy out there right now!

[R.A.B]

It just boggles my mind how much things have changed. And it's a drastic change it's not even subtle I can't even sell it to myself just paying $900 a month for a car payment I just can't do it just looking at $900 going out of my bank account every month is sickening. My lease is due back in May I extended it two months to give myself some breathing room to figure out what my next move is my buyout is 38k and that was my plan at first but speaking with BMW the extended warranty for 3 years and the extended maintenance for 3 years both equal out to 10 and a half k that would be 48 All in even at 60 months which is the longest it's still around $900. They do have a basic that just covers powertrain but there's so many computers in the car that something goes out electronically and SOL. I had my BMW for 3 years I only just recently signed up for beamer post and it was really to see if I could find out a way to get another m340

[m240nj]

Originally Posted by R.A.B

It just boggles my mind how much things have changed. And it's a drastic change it's not even subtle I can't even sell it to myself just paying $900 a month for a car payment I just can't do it just looking at $900 going out of my bank account every month is sickening. My lease is due back in May I extended it two months to give myself some breathing room to figure out what my next move is my buyout is 38k and that was my plan at first but speaking with BMW the extended warranty for 3 years and the extended maintenance for 3 years both equal out to 10 and a half k that would be 48 All in even at 60 months which is the longest it's still around $900. They do have a basic that just covers powertrain but there's so many computers in the car that something goes out electronically and SOL. I had my BMW for 3 years I only just recently signed up for beamer post and it was really to see if I could find out a way to get another m340

So before my car was totalled I was in the same exact boat as you. With all the equity you have in that car it's a no brainer to buy it out, assuming it's been taken care of and has no history of accidents. I was also worried about warranty and such but looking back now, I would have just bought the car off lease with no extended warranty. These cars are reliable and I'm sure I would have eventually sold it before it hit serious mileage. You should buy it out, drive it for a few years and then sell it. Hopefully you can still get great $ for it when you sell it.

[R.A.B]

I got 21,000 miles on the car and the service has been on point but I've had some issues driver side door all the electronics went out they said that there was water that got in there and they try to say it was because of my tents but they covered it anyway and put in a new module and motor and something else and earlier when I first got the car my AC stopped working something about the compressor and that was fixed. Do you really think it's safe to get the car without the extended warranty or extended maintenance I know in October the cars due for brakes and a few other things I don't know what that is but this market is insane

[oonowindoo]

Originally Posted by R.A.B

It just boggles my mind how much things have changed. And it's a drastic change it's not even subtle I can't even sell it to myself just paying $900 a month for a car payment I just can't do it just looking at $900 going out of my bank account every month is sickening. My lease is due back in May I extended it two months to give myself some breathing room to figure out what my next move is my buyout is 38k and that was my plan at first but speaking with BMW the extended warranty for 3 years and the extended maintenance for 3 years both equal out to 10 and a half k that would be 48 All in even at 60 months which is the longest it's still around $900. They do have a basic that just covers powertrain but there's so many computers in the car that something goes out electronically and SOL. I had my BMW for 3 years I only just recently signed up for beamer post and it was really to see if I could find out a way to get another m340

If i were in a situation where i must get a new car and paying cash for my current car isnt an option, i would just go lease a "cheap car" for a few years and hopefully in 2-3 years, then get something i want when the market normalizes.

That is what i would do. I am also not paying $900 to lease a 3 series... never going to happen.

[oonowindoo]

Originally Posted by R.A.B

I got 21,000 miles on the car and the service has been on point but I've had some issues driver side door all the electronics went out they said that there was water that got in there and they try to say it was because of my tents but they covered it anyway and put in a new module and motor and something else and earlier when I first got the car my AC stopped working something about the compressor and that was fixed. Do you really think it's safe to get the car without the extended warranty or extended maintenance I know in October the cars due for brakes and a few other things I don't know what that is but this market is insane

I understand the ext. warranty. But i personally wont get it either.
Just drive it for a few more years and sell it and lease a new one.

and maint. plan? They can shove it.

what do you expect to do in the next 3 years? Oil change, fluid change, brake pads.... You can do all of those outside and it wont be anywhere close to what BMW wants for their maint. plan.

[R.A.B]

Well before I found out about the extended lease and the extended maintenance I figured my best option because I had low miles and I know I treated the car great and it's in great condition that I would just buy it out but you get on the phone with these finance guys and they're telling you all the work that you've done to your car before like I said in a previous post about some module and motor in the door going out and the cost of the warranty covered just what that would have cost it's just scary thinking about something major going and I don't have a warranty for it

[oonowindoo]

Originally Posted by R.A.B

Well before I found out about the extended lease and the extended maintenance I figured my best option because I had low miles and I know I treated the car great and it's in great condition that I would just buy it out but you get on the phone with these finance guys and they're telling you all the work that you've done to your car before like I said in a previous post about some module and motor in the door going out and the cost of the warranty covered just what that would have cost it's just scary thinking about something major going and I don't have a warranty for it

Finance Managers get commissions by selling you extras.

While having the ext. warranty does provide real world benefits but dealer prices are extremely inflated.

If you really think the cost of repairs in the next 3-5 years will exceed what they want for the extended Bumper to Bumper warranty (not powertrain warranty), then go for it.

If you dont think so, then dont buy it.

Whatever you do, dont buy the maint. plan....

[R.A.B]

I can get the extended just powertrain warranty, but it just like it says won't cover infotainment and electronics . I'm leaning towards buying it out but I flip flop daily. I have till may 19, 2023

[oonowindoo]

Originally Posted by R.A.B

I can get the extended just powertrain warranty, but it just like it says won't cover infotainment and electronics . I'm leaning towards buying it out but I flip flop daily. I have till may 19, 2023

Yah if it is just powertrain... just forget it... it doesnt cover the things that usually breaks and only cover things that rarely breaks...

I mean if you are buying a used one that has 100k miles, then maybe that is worth it.... your car has 20k miles... you are worrying about something wayyyyy into the future.

If you have the fund, just buy it with cash at your Residual value... best solution in the current situation.

[R.A.B]

Unfortunately I don't have 38k so I am going to have to finance it. Who ever BMW uses for end of lease finance said it would be 6% my credit union who should have better rates says 6.5%-12.6% so apparently they don't. Either way it's going to add a good amount to the buy out in interest. Either way right now is a horrible time to buy any car. Thanks for all the info

[momo3605]

I don't know where the lease rates are posted, seems like these threads aren't updated frequently. But just an fyi, money factor on 3 series 36 month lease dropped in April from 0.00185 to 0.00165. No change to residuals from what I can see.

[Retro707]

getting quotes on 23 m340i

1k loyalty
1k off msrp

1988 down
10k mile lease
.00165 MF

$982 monthly with taxes

or

7500 Miles

$1877 down
$922.35 monthly

MF .00165 which is the Buy

car MSRP is:
61,365

good deal?

[Eljefe25]

Originally Posted by Retro707

getting quotes on 23 m340i

1k loyalty
1k off msrp

1988 down
10k mile lease
.00165 MF

$982 monthly with taxes

or

7500 Miles

$1877 down
$922.35 monthly

MF .00165 which is the Buy

car MSRP is:
61,365

good deal?

Use a broker. They can probably get you 2-5% off a 340i and match the incentives and money factor.

[Retro707]

Originally Posted by Eljefe25

Use a broker. They can probably get you 2-5% off a 340i and match the incentives and money factor.

2% is 1200ish
5% is 3000ish


iam already at 1k off

by the time broker fee rolls in and i do all that..i MIGHT get an extra 1k off if that.

broker fees are typically what? any idea?

[Eljefe25]

Originally Posted by Retro707

2% is 1200ish
5% is 3000ish


iam already at 1k off

by the time broker fee rolls in and i do all that..i MIGHT get an extra 1k off if that.

broker fees are typically what? any idea?

I paid $500. It was worth it to me since dealers in my area weren’t offering anything off just at msrp.

If it’s not worth it to you then don’t do it. If you factor in the broker fee and possible shipping fee you would have to pay if you can’t pick up your car or the dealer the broker uses is not close, it may amount to around the same for you.

As I said do the math, see if it makes sense. I would at least inquire with a couple brokers first to see what percentage off you can get.

I personally won’t order any cars through dealers again. $500 for me is worth never having to go into a dealer showroom again.

[RoyB]

M550 Build

MSRP:$89,345

Dealer Discount 4%: ($3,574)
Loyalty Credit: ($1500)
Lease Credit: ($1500)

36/10 MF .00165 (.00123/2.95% with 7 MSD)
57% Residual

Monthly with $0 at signing (minus MSD) is roughly $1200 with taxes.

PCD end of the month. Not as good as when I got my M340, but those days are gone.

5 Series don't lease as good as the 3 series and don't offer the same discounts. However with the V8s coming to an end in normal cars, you don't have much of a choice in waiting.

[momo3605]

Originally Posted by Eljefe25

Use a broker. They can probably get you 2-5% off a 340i and match the incentives and money factor.

A lot of the brokers I've seen offer larger discount percentage but have marked up money factor. He'd probably still save a little, but maybe not a significant amount

[momo3605]

Originally Posted by Retro707

getting quotes on 23 m340i

1k loyalty
1k off msrp

1988 down
10k mile lease
.00165 MF

$982 monthly with taxes

or

7500 Miles

$1877 down
$922.35 monthly

MF .00165 which is the Buy

car MSRP is:
61,365

good deal?

$922 for 7500 vs $982 for 10k how is the difference so big? I thought the residual is only 1% difference.

From my understanding the difference between and 10k and 7500 mile lease should be <$20/month

[RoyB]

Originally Posted by momo3605

A lot of the brokers I've seen offer larger discount percentage but have marked up money factor. He'd probably still save a little, but maybe not a significant amount

I used Auto Companion. 4% off on the M550 and no marked up MF. The local dealers were marking up MF or/and offering 1-2% off. It's unfortunate that dealers can mark up MF and a buyer may not notice it.

Recently there was another broker offering 6% after my order was in. I feel a little better knowing that they may have been marking up the MF to get that kind of discount.