2016 BMW M3 Lease Questions

itsagerbs

Hi there, anyone have an updated residual for June 2016 on the M3 for any of the following:

36/10
36/7.5

24/10
24/7.5

Thanks!

Michaell

itsagerbs said:

Hi there, anyone have an updated residual for June 2016 on the M3 for any of the following:

36/10
36/7.5

24/10
24/7.5

Thanks!

.00138 and 69% (24/10) and 63% (36/10).

BMW doesn't offer 7.5K leases.

mjames83

Please provide rates for 36/15. Thanks!

Michaell

mjames83 said:

Please provide rates for 36/15. Thanks!

.00138 and 60%

westcoastwintr

Hello, can you please provide July rates for 2016 M3, 36/10, Denver, CO?
Any hidden dealer incentives?

Michaell

westcoastwintr said:

Hello, can you please provide July rates for 2016 M3, 36/10, Denver, CO?
Any hidden dealer incentives?

No M3 lease information for July, just yet.

kyfdx

westcoastwintr said:

Hello, can you please provide July rates for 2016 M3, 36/10, Denver, CO?
Any hidden dealer incentives?

.00137 MF and 66% residual.

kapkanimd

what about for a 24mo and 36mo 12k mi? Thanks!

kyfdx

kapkanimd said:

what about for a 24mo and 36mo 12k mi? Thanks!

.00137 MF and 71%/65% residual

sf911c2

Hi kyfdx, can you please clarify the july MF on an M3. I live california and was quoted .00165 not .00137 MF. Also I saw folks quoting they got .0013MF. Is there a regional difference? I have tier1 credit. Thanks.

Michaell

sf911c2 said:

Hi kyfdx, can you please clarify the july MF on an M3. I live california and was quoted .00165 not .00137 MF. Also I saw folks quoting they got .0013MF. Is there a regional difference? I have tier1 credit. Thanks.

.00137 is the base rate, this month. Dealers can mark it up as much as .00040 for extra profit.

So far as we know, the BMW numbers are national.

dmillions

Do you have the 2017 MF and resids? 36/10.

Michaell

dmillions said:

Do you have the 2017 MF and resids? 36/10.

.00137 and 60%

r2km000

Hi. Can you help provide the August rates for 2016 M3 @ 36/12 and 36/15? I'm in CA. Thanks in advance!

Michaell

r2km000 said:

Hi. Can you help provide the August rates for 2016 M3 @ 36/12 and 36/15? I'm in CA. Thanks in advance!

.00137 and 59% or 57%

r2km000

Do residuals change throughout the month? I was hoping the dealers would be raising up residuals for the outgoing model year.

Michaell

r2km000 said:

Do residuals change throughout the month? I was hoping the dealers would be raising up residuals for the outgoing model year.

If there are any mid-month changes, we wouldn't know about them.

For a car as rare as the M3, I wouldn't expect much change.

dmillions

Okay, I'm officially confused. It looks like the August residual for the 2016 is lower than the July was, and the July residual for the 2017 is the same as the August residual for the 2016. Can that be right?

Just to clarify, can you please tell me the August MF and residual for the 2016 at 36/10, and for the 2017 at 36/10? Thanks.

Michaell

dmillions said:

Okay, I'm officially confused. It looks like the August residual for the 2016 is lower than the July was, and the July residual for the 2017 is the same as the August residual for the 2016. Can that be right?

Just to clarify, can you please tell me the August MF and residual for the 2016 at 36/10, and for the 2017 at 36/10? Thanks.

.00137 and 66% (2016) or 60% (2017).

July and August numbers are the same.

paulf123

I'm considering either a 24/15 or 36/15 for a 2016 2017 M3. Is there a financial advantage either way?

Michaell

paulf123 said:

I'm considering either a 24/15 or 36/15 for a 2016 2017 M3. Is there a financial advantage either way?

.00137 and 69% / 63% (2016) or 63% / 57% (2017)

Get a 2016 ... the payment will be substantially lower.

cc9

Hello,
I was hoping you would tell me the current lease rate or owners choice rates for 2017 M3 in Houston Texas. For both 36/10 and 36/12 with residual rates. Thank you!
Are the rates better for 2016 M3? And if so why?

kyfdx

cc9 said:

Hello,
I was hoping you would tell me the current lease rate or owners choice rates for 2017 M3 in Houston Texas. For both 36/10 and 36/12 with residual rates. Thank you!
Are the rates better for 2016 M3? And if so why?

2016: .00136 MF and 65% residual. $1500 option allowance
2017: .00136 MF and 61% residual. $1000 option allowance

Add 1% for 10K/yr

2016 numbers are better, because they are trying to move those models out.

cc9

Thank you so much. I was wondering if you had any insight regarding BMW owners choice vs lease. Which is better? Thanks again.

kyfdx

cc9 said:

Thank you so much. I was wondering if you had any insight regarding BMW owners choice vs lease. Which is better? Thanks again.

OC is a program for states that charge tax on the full selling price on a lease. Since the vehicle is in the purchaser's name, it preserves the trade-in credit for sales tax (both at time of acquisition, then again at disposition).

I don't know enough about it to crunch the numbers, to see how you might be better off, either way.

cc9

Are you aware if BMW Financial will give a better rate than thier base rate or money factor? (Especially for returning customers and excellent credit?) I just wanted to know if there is more negotiating room from the number you gave me for September. Also, I wanted to know since October is around the corner if you knew there was going to be any changes in the MF or residual for 2017 M3 Sedan. Thanks again!

Michaell

cc9 said:

Are you aware if BMW Financial will give a better rate than thier base rate or money factor? (Especially for returning customers and excellent credit?) I just wanted to know if there is more negotiating room from the number you gave me for September. Also, I wanted to know since October is around the corner if you knew there was going to be any changes in the MF or residual for 2017 M3 Sedan. Thanks again!

Current BMW numbers are valid until 10/31.

Unless you use MSD, the base rate is as good as it gets.

cc9

Thank you!

onie0423

Is it true when you put down 7 MSD on a 2016 M3 the money factor goes down from .00136 to .00127 ? I'm calculating .00087. 

Michaell

onie0423 said:

Is it true when you put down 7 MSD on a 2016 M3 the money factor goes down from .00136 to .00127 ? I'm calculating .00087. 

Each security deposit reduces the MF .00007. Max 7 is a total of .00049. From the base MF of .00136 this month, the net MF should be .00087.

If the dealer is telling you .00127 then they have marked up the MF by the max allowed before applying the MSD.

onie0423

This is what the dealer said after i questioned the numbers.

".000136 is buying rate from BMW, 
the selling rate is .00176-.00049 7MSD=.000127"

Michaell

onie0423 said:

This is what the dealer said after i questioned the numbers.

".000136 is buying rate from BMW, 
the selling rate is .00176-.00049 7MSD=.000127"

Sure, that's what they'll tell you.

Might be time to work with a different dealer - it only takes one to meet your terms.

Or, be polite and tell them you won't sign a deal with a marked up MF.

onie0423

Thank you so much. Great info. 

onie0423

Money factor and residuals the same for the month of October ?

kyfdx

onie0423 said:

Money factor and residuals the same for the month of October ?

The current BMW program runs through October 31st.

They may update it, but at this point, no changes

onie0423

Thank you for the info. I also would like get your opinion on the car I'm interested in. Is $3K-$4K off msrp on a 2016 M3 a good deal or can I do better ?

Michaell

onie0423 said:

Thank you for the info. I also would like get your opinion on the car I'm interested in. Is $3K-$4K off msrp on a 2016 M3 a good deal or can I do better ?

For BMW, anything above 7% off sticker, before incentives, is a good price.

onie0423

msrp is $79020. $74K $1500 option allowance included. Not very many 2016's left in my area (Northern California). Good deal  or walk away ?

Michaell

onie0423 said:

msrp is $79020. $74K $1500 option allowance included. Not very many 2016's left in my area (Northern California). Good deal  or walk away ?

$4k is just over 5%. Ok, but with inventory dwindling, it may be the best you can do.

onie0423

Thank You.  BMW credit tier 1 is 700+ ? I just checked my Experian Fico Score 8 and Fico Auto Score 8. 764 and 787. Fico Score 9's in the 800+. Do you think BMW Financial will do it even with a bk discharge in 2009 ?

Michaell

onie0423 said:

Thank You.  BMW credit tier 1 is 700+ ? I just checked my Experian Fico Score 8 and Fico Auto Score 8. 764 and 787. Fico Score 9's in the 800+. Do you think BMW Financial will do it even with a bk discharge in 2009 ?

Anything 675 or higher is top tier. 7 years? I shouldn't think it would be a problem.

onie0423

Thanks again. You've been very helpful 

cc9

Hello,
I was hoping you would tell me November lease rate or owners choice rates for 2017 M3 in Houston Texas. For both 36/10 and 36/12 with residual rates. Thank You!

Michaell

cc9 said:

Hello,
I was hoping you would tell me November lease rate or owners choice rates for 2017 M3 in Houston Texas. For both 36/10 and 36/12 with residual rates. Thank You!

2017 discussion is here:

http://forums.edmunds.com/discussion/42956/bmw/m3/2017-bmw-m3-lease-questions#latest

donuschak

What are the November lease rates for a 2016 M3 for 36/10?

Michaell

donuschak said:

What are the November lease rates for a 2016 M3 for 36/10?

.00134 and 63%. $1500 option allowance

donuschak

Michaell said:

donuschak said:

What are the November lease rates for a 2016 M3 for 36/10?

.00134 and 63%. $1500 option allowance

Great, thanks.

carsabe

Hey guys,

I'm about to close the deal on a 2016 M3 Competition Package. Here are the numbers I've negotiated with the dealer. Please let me know if any of these look marked up to you! Thanks!

MSRP: $79,745
Negotiated Price: $72,000
MF: .00134
Residual 36/10: 60%
Monthly payment: $944.28 with tax (Louisiana), $858.44 before tax
Cash due at signing: $1285.78

kyfdx

carsabe said:

Hey guys,

I'm about to close the deal on a 2016 M3 Competition Package. Here are the numbers I've negotiated with the dealer. Please let me know if any of these look marked up to you! Thanks!

MSRP: $79,745
Negotiated Price: $72,000
MF: .00134
Residual 36/10: 60%
Monthly payment: $944.28 with tax (Louisiana), $858.44 before tax
Cash due at signing: $1285.78

.00134 MF and 60% residual are correct.
If I add $925 to the price for the acquisition fee, I get the exact number.
There is a $1500 incentive on this model. Looks like you have 8% off, plus the $1500.
That looks like a really good deal for an $80K M3.

carsabe

Thank you so much! Now I feel better about the deal

kyfdx said:

carsabe said:

Hey guys,

I'm about to close the deal on a 2016 M3 Competition Package. Here are the numbers I've negotiated with the dealer. Please let me know if any of these look marked up to you! Thanks!

MSRP: $79,745
Negotiated Price: $72,000
MF: .00134
Residual 36/10: 60%
Monthly payment: $944.28 with tax (Louisiana), $858.44 before tax
Cash due at signing: $1285.78

.00134 MF and 60% residual are correct.
If I add $925 to the price for the acquisition fee, I get the exact number.
There is a $1500 incentive on this model. Looks like you have 8% off, plus the $1500.
That looks like a really good deal for an $80K M3.

Bill Perdue

Hello,

Is there any lease information for a 2016 M3 36/12k 36/15k or any incentives? I see a few on dealer lots that look interesting. Thank you.