[mjr24]

Originally Posted by frenchfries

What do you guys think about the deals after all these crazy things going on when the world gets better.

Good question. Depends how long it goes. I remember cars were dirt cheap in 2008 after the housing crash. I literally leased a new M6 for like $800 a month and $5k down (and it was a 24 month lease, too, which are normally way higher).

That being said, regardless of what people say....I feel this is a very temporary thing financially. Now, temporary might mean 3 months.....but once things get back to normal the economy is going to be very strong again and I bet stocks go to about where they were. Whether people want to admit it or not, the economy has been great under Trump. 2008 was way different because it was basically a change in how people spent money (as everyone was spending more than they had at that time). This isn't that.

[M3PGH]

Already seeing great deals on cars and I think they will get better in few months ..
My son is looking to get an M2C as he finishes his residency in 3 months, and started calling around on cars on the lot , and dealers are desperate to move units as they know that the next few-several months will be tough
already couple of dealers willing to give 15 % off cars and pay top dollar for trade
My first M3 was 2008 E92 that I bought in 09
MSRP was 68 k , got it for 51 K
hope this will be quick and things rebound to normal , though have my doubts

[StealthM5]

Originally Posted by frenchfries

What do you guys think about the deals after all these crazy things going on when the world gets better.

Deals will definitely get better.

[Salespunk]

Originally Posted by mjr24

Good question. Depends how long it goes. I remember cars were dirt cheap in 2008 after the housing crash. I literally leased a new M6 for like $800 a month and $5k down (and it was a 24 month lease, too, which are normally way higher).

That being said, regardless of what people say....I feel this is a very temporary thing financially. Now, temporary might mean 3 months.....but once things get back to normal the economy is going to be very strong again and I bet stocks go to about where they were. Whether people want to admit it or not, the economy has been great under Trump. 2008 was way different because it was basically a change in how people spent money (as everyone was spending more than they had at that time). This isn't that.

I have to disagree here. This is not going to be a short term issue and I have friends that have laid off 150+ people in the last 24 hours.

We have never seen an economic shock like this with the combination of Covid and oil price wars at the same time. Hundreds of thousands of workers have already been or are about to be laid off across almost every industry. The travel industry alone is losing billions of dollars per week. Restaurant industry is no different. How does that affect tertiary industries or even completely unrelated areas? How many of those people have any savings at all and what do they start to cut? Auto insurance, Netflix, housing etc will all be hit very hard.

There is NOTHING that the government can do about it. Economic stimulus is a waste until we are out of lockdown and that is not going to occur for months. By that point we are going to lose 20%+ of GDP. Banks are forecasting that we have lost 12-15% already in just a few weeks. Hiring those workers back is going to be based on demand. If people are not working and don't have disposable income where does that demand come from?

In addition rates were already historically low and there was a ton of liquidity available. Providing $1K to every adult will work for about 15 days. There are no bullets in the Fed's guns. The government could start much needed work on our national and local infrastructures, but that can't start until quarantines are lifted and that impact will be 12-18 months out by the time they get things approved and contractors hired.

This is not a Trump issue, it is the definition of a Black Swan event. Unfortunately the only thing we can do is let the shock work its way through the system, but it is going to be years before we get back to where we were 60 days ago.

[Stealth7]

Cheerful!

[Abroken1]

I have 19k left on my 335 that I financed, it’s roughly worth 10k so would I be able to roll the 9k into my lease with 0 down On a 2020 M5 comp? Excellent credit by the way. Seems like the way things are going there should be a decent deal on these.

[Ex_Stig]

Originally Posted by Abroken1

I have 19k left on my 335 that I financed, it's roughly worth 10k so would I be able to roll the 9k into my lease with 0 down On a 2020 M5 comp? Excellent credit by the way. Seems like the way things are going there should be a decent deal on these.

Can you? Yes. Should you? That is up to you. If it were me, I wouldn't roll negative equity forward.

[Abroken1]

Originally Posted by GNALUZU

Can you? Yes. Should you? That is up to you. If it were me, I wouldn't roll negative equity forward.

What are the cons? I mean besides me loosing all the money I already paid on the 3 series .

[Ex_Stig]

Originally Posted by Abroken1

What are the cons? I mean besides me loosing all the money I already paid on the 3 series .

You're not just taking a loss. You are going to be paying interest on the negative equity.

Plus, with zero down, your payment is gonna be really high regardless of how good a deal you get.

[nav792]

Working through a broker in FL, I was able to get 13% off before loyalty incentive and base MF...

I dont think I will ever step foot into a dealership again...

2020 BASE M5

[TrevorM3]

Originally Posted by Abroken1

I have 19k left on my 335 that I financed, it’s roughly worth 10k so would I be able to roll the 9k into my lease with 0 down On a 2020 M5 comp? Excellent credit by the way. Seems like the way things are going there should be a decent deal on these.

sounds like you shouldn't buy an m5....


worth 10k, and you still owe 19k? dial it back bud...

[MXNSITH]

Originally Posted by Abroken1

I have 19k left on my 335 that I financed, it's roughly worth 10k so would I be able to roll the 9k into my lease with 0 down On a 2020 M5 comp? Excellent credit by the way. Seems like the way things are going there should be a decent deal on these.

If you want the F90, get it.

My only concern for you is what the car may be worth may not be what you get for it. Keep that in mind.

You should be able to find a better deal soon. You absolutely can roll what you owe into a new lease. In the end, you only know your financial situation is. Do what's best for you.

[Dimitri]

Originally Posted by Salespunk

I have to disagree here. This is not going to be a short term issue and I have friends that have laid off 150+ people in the last 24 hours.

We have never seen an economic shock like this with the combination of Covid and oil price wars at the same time. Hundreds of thousands of workers have already been or are about to be laid off across almost every industry. The travel industry alone is losing billions of dollars per week. Restaurant industry is no different. How does that affect tertiary industries or even completely unrelated areas? How many of those people have any savings at all and what do they start to cut? Auto insurance, Netflix, housing etc will all be hit very hard.

There is NOTHING that the government can do about it. Economic stimulus is a waste until we are out of lockdown and that is not going to occur for months. By that point we are going to lose 20%+ of GDP. Banks are forecasting that we have lost 12-15% already in just a few weeks. Hiring those workers back is going to be based on demand. If people are not working and don't have disposable income where does that demand come from?

In addition rates were already historically low and there was a ton of liquidity available. Providing $1K to every adult will work for about 15 days. There are no bullets in the Fed's guns. The government could start much needed work on our national and local infrastructures, but that can't start until quarantines are lifted and that impact will be 12-18 months out by the time they get things approved and contractors hired.

This is not a Trump issue, it is the definition of a Black Swan event. Unfortunately the only thing we can do is let the shock work its way through the system, but it is going to be years before we get back to where we were 60 days ago.

Sad but true

[Ehloo]

So has anyone purchased a car in the last month. Wonder how great of a deal is out there right now

Originally Posted by Dimitri

Sad but true

[Buzios]

Do you guys think it's possible for BMW to get desperate enough to let people out of leases way early in order to upsell them and get cars off the lots? I have an M4 ZCP lease with 24 months left, but would like to upgrade to and M5 ZCP now that I have a baby on the way. Is it crazy to think that BMW would let me off the hook with the previous lease in order to trade up?

P.s.: obviously the M5 is a more expensive car and I'm ok with lease payments going up vs. my current payments, I just don't want the penalty of turning the lease in early.

[TrevorM3]

Originally Posted by Buzios

Do you guys think it's possible for BMW to get desperate enough to let people out of leases way early in order to upsell them and get cars off the lots? I have an M4 ZCP lease with 24 months left, but would like to upgrade to and M5 ZCP now that I have a baby on the way. Is it crazy to think that BMW would let me off the hook with the previous lease in order to trade up?

P.s.: obviously the M5 is a more expensive car and I'm ok with lease payments going up vs. my current payments, I just don't want the penalty of turning the lease in early.

i think 24 months is a stretch, but an m5 will be more money for them in the long run. so hell, give it a shot imo.

[bruza]

I’m doing some early F90 shopping now, my X5 ///M lease ends in October. Unless it’s a SCREAMING deal, I’m in no rush to turn in the SUV early.

I imagine dealers will still be as hungry later this year.

[Ex_Stig]

Originally Posted by Buzios

Do you guys think it's possible for BMW to get desperate enough to let people out of leases way early in order to upsell them and get cars off the lots? I have an M4 ZCP lease with 24 months left, but would like to upgrade to and M5 ZCP now that I have a baby on the way. Is it crazy to think that BMW would let me off the hook with the previous lease in order to trade up?

P.s.: obviously the M5 is a more expensive car and I'm ok with lease payments going up vs. my current payments, I just don't want the penalty of turning the lease in early.

3-6 months early? Sure, I could see BMW doing that.

2 years early? No, I don't think BMW will ever be that desperate. They will just find a way to roll the negative equity forward as much as possible.

[MXNSITH]

Originally Posted by Buzios

Do you guys think it's possible for BMW to get desperate enough to let people out of leases way early in order to upsell them and get cars off the lots? I have an M4 ZCP lease with 24 months left, but would like to upgrade to and M5 ZCP now that I have a baby on the way. Is it crazy to think that BMW would let me off the hook with the previous lease in order to trade up?

P.s.: obviously the M5 is a more expensive car and I'm ok with lease payments going up vs. my current payments, I just don't want the penalty of turning the lease in early.

If you really want to change from the M4, why not look into swap a lease? Or is your existing lease not something you think another person will pick up?

[M3PGH]

they might do 6-9 months move ahead but seriously doubt 2 years as they will move one car , but get stuck with another car

[mjr24]

BMW does not do move-ahead programs.....they will roll the remaining payments into the next lease.

[M.Power]

Originally Posted by Buzios

Do you guys think it's possible for BMW to get desperate enough to let people out of leases way early in order to upsell them and get cars off the lots? I have an M4 ZCP lease with 24 months left, but would like to upgrade to and M5 ZCP now that I have a baby on the way. Is it crazy to think that BMW would let me off the hook with the previous lease in order to trade up?

P.s.: obviously the M5 is a more expensive car and I'm ok with lease payments going up vs. my current payments, I just don't want the penalty of turning the lease in early.

This will never happen.. lol.