[Leverageconsult]

Has anyone priced out a lease yet?

[87BMW]

Originally Posted by Leverageconsult

Has anyone priced out a lease yet?

In short, not good. Residuals actually went down in the first month of sales.

[Leverageconsult]

Figured that. I have a 911 that the warranty expires in 1.5 years. So just looking at options. I realize that after owning it it's really just sits and gets driven one day a week. A little tired of that cost, so I figured M2 or maybe a used Caymen S.

[ORA]

Originally Posted by Leverageconsult

Figured that. I have a 911 that the warranty expires in 1.5 years. So just looking at options. I realize that after owning it it's really just sits and gets driven one day a week. Charles little tired of that cost, so I figured two or maybe a used Caymen S.

just drive it....every day...it's only a car....they're meant to be driven.

[Hossel19]

Originally Posted by Leverageconsult

Figured that. I have a 911 that the warranty expires in 1.5 years. So just looking at options. I realize that after owning it it's really just sits and gets driven one day a week. A little tired of that cost, so I figured M2 or maybe a used Caymen S.

Drive it everyday especially if it is a lease, you're paying for the mileage anyway...

[Leverageconsult]

I agree but I have a daily. It's not lease. The warranty is up in 18 mos and would never own any car without a warranty.

[87BMW]

Originally Posted by Leverageconsult

I agree but I have a daily. It's not lease. The warranty is up in 18 mos and would never own any car without a warranty.

+1 on never owning without a warranty. Buddy with an E92, bought used no warranty, just got out of shop with a not so little tab.

Regarding lease, let's just say that the residuals/lease rates were so poor, I had near zero intention of financing when I walked into the dealership and was 100% positive I wouldn't lease when i left (with my new car ).

[atxsk8r]

I did just for the hell of it at the dealer few days ago and it was horrible. Around 1050 a month for 3 years, 12k miles.

[87BMW]

Originally Posted by atxsk8r

I did just for the hell of it at the dealer few days ago and it was horrible. Around 1050 a month for 3 years, 12k miles.

Exactly. Same here. I BELIEVE residuals were between .49 and .52 (don't quote me).

[F87LUV]

Originally Posted by 87BMW

Exactly. Same here. I BELIEVE residuals were between .49 and .52 (don't quote me).

Not even. 10k/year residual is 50%.

[Leverageconsult]

My buddy picked up an M4 with no money down for 850 a month. 36 months 10,000 a year. I would never pay 1050 for an m2

[clubsport]

Originally Posted by Leverageconsult

Figured that. I have a 911 that the warranty expires in 1.5 years. So just looking at options. I realize that after owning it it's really just sits and gets driven one day a week. A little tired of that cost, so I figured M2 or maybe a used Caymen S.

I obviously wanted a GT4, I'm too tall even without a helmet. If I were of average height I'd find a 1 year old Cayman GTS.

[Leverageconsult]

Agreed

[rjd598]

Originally Posted by Leverageconsult

My buddy picked up an M4 with no money down for 850 a month. 36 months 10,000 a year. I would never pay 1050 for an m2

that's a good deal

[ChrisK]

Originally Posted by Leverageconsult

My buddy picked up an M4 with no money down for 850 a month. 36 months 10,000 a year. I would never pay 1050 for an m2

He probably didn't have much on it for that price. What was the selling price?

[Bluenose-2er]

Originally Posted by Leverageconsult

My buddy picked up an M4 with no money down for 850 a month. 36 months 10,000 a year. I would never pay 1050 for an m2

You do realize the lease payment is not the cost, right? The cost of the car is the depreciation and O&M. If your payments are higher than depreciation, you are building equity you will get back later.

Of course, no one knows what that (depreciation) will be yet. But based on the availability being much more limited than the M4 (at least currently and likely for the next year at least) the depreciation will probably be lower - relatively speaking. But as others have said on other threads, the uncertainty has driven a very conservative residual being set - which is resulting in unreasonably high lease payments. If that pans out, you could potentially recoup by buying out and selling it yourself. But if you like to turn in your leases, yeah you will be paying through the nose.

I prefer finance to lease, as I can afford the higher payment up front for the lower cost of ownership overall.

[gmzanatta]

Originally Posted by Bluenose-1er

You do realize the lease payment is not the cost, right? The cost of the car is the depreciation and O&M. If your payments are higher than depreciation, you are building equity you will get back later.

Of course, no one knows what that (depreciation) will be yet. But based on the availability being much more limited than the M4 (at least currently and likely for the next year at least) the depreciation will probably be lower - relatively speaking. But as others have said on other threads, the uncertainty has driven a very conservative residual being set - which is resulting in unreasonably high lease payments. If that pans out, you could potentially recoup by buying out and selling it yourself. But if you like to turn in your leases, yeah you will be paying through the nose.

I prefer finance to lease, as I can afford the higher payment up front for the lower cost of ownership overall.

For those wondering cost of ownership from lease, just look at the 1M as a case study as it was very, very close to this.

[winterrogue_F87]

Originally Posted by Leverageconsult

Has anyone priced out a lease yet?

If build an M2 on bmwusa.com it shows the lease price. Last time I checked it was $857 a month with executive package and any color but alpine white, DCT

[Leverageconsult]

Originally Posted by F87queen

If build an M2 on bmwusa.com it shows the lease price. Last time I checked it was $857 a month with executive package and any color but alpine white, DCT

But how much down? If it's 3600 or more then that's another 100 plus extra if you roll it into the mortgage. You never want to put $ down. If you total the car then you lose all of the $ down. Better to roll it in.

[winterrogue_F87]

Originally Posted by Leverageconsult

But how much down? If it's 3600 or more then that's another 100 plus extra if you roll it into the mortgage. You never want to put $ down. If you total the car then you lose all of the $ down. Better to roll it in.

10,000miles per year
$867 first month payment
$2500 down payment
$0 security deposit
$925 acquisition fee

$867/mo for 36 months

LBB DCT executive package
NY rate

[F87LUV]

Originally Posted by F87queen

If build an M2 on bmwusa.com it shows the lease price. Last time I checked it was $857 a month with executive package and any color but alpine white, DCT

Are you sure it's actually factoring in the sales tax? I don't think it does. Try an online lease calculator app.

[The Automotive Enthusiast]

Don't do it. Residuals are in the gutter.