F80 M3 Lease Assumption... Advice?

ngs · 05-09-2018, 03:36 PM

Great community and looking into getting into an M. Can you guys advise on this deal?

2016 M3 Alpine White non ZCP

-dct
-full leather
-executive
-adaptive m
-drivers assistance
-new tires
-wheel & tire package

Seller is giving $5500 incentive
12 months left on lease - was thinking of purchasing after..
residual: $49,200
current payoff: $61,200
monthly: $1050+tax

seller added: springs, spacers, DP, JB4, all M perf carbon exterior goods
seller is including all original parts and car has been meticulously maintained

LOW4LYF · 05-09-2018, 03:44 PM

Quote:

Originally Posted by PWRSTEVE

Great community and looking into getting into an M. Can you guys advise on this deal?

2016 M3 Alpine White non ZCP

-dct
-full leather
-executive
-adaptive m
-drivers assistance
-new tires
-wheel & tire package

12 months left on lease - was thinking of purchasing after..
residual: $49,200
current payoff: $61,200
monthly: $1050+tax
Seller give $5500 incentive

seller added: springs, spacers, DP, JB4, all M perf carbon exterior goods
seller is including all original parts and car has been meticulously maintained

Too expensive

ngs · 05-09-2018, 03:46 PM

Quote:

Originally Posted by Figurka

Too expensive

even with the seller giving $5500 incentive?

LOW4LYF · 05-09-2018, 03:50 PM

Quote:

Originally Posted by PWRSTEVE

even with the seller giving $5500 incentive?

Valid point. Why not buying out right away?

ngs · 05-09-2018, 03:53 PM

Quote:

Originally Posted by Figurka

Valid point. Why not buying out right away?

gives me the option to drive it for a year then seeing if I want to keep it. In the end the numbers come out the same, I guess I'll lose out on the lease assumption fee.

IM2C · 05-09-2018, 04:18 PM

Effective payment after the incentive is $665/month

(1050 x 1.07 x 12 -5500)/12=665

I think this is a pretty solid deal.

White340 · 05-09-2018, 05:44 PM

Not bad all things considered. Check the condition of the tires. If they are low and need to be replaced, price that into your formula.

IM2C · 05-10-2018, 07:42 AM

Check condition of the windshield as well.

F80zcp · 05-10-2018, 02:35 PM

Quote:

Originally Posted by f80

Effective payment after the incentive is $665/month

(1050 x 1.07 x 12 -5500)/12=665

I think this is a pretty solid deal.

Good Deal. If you don't take it please pass the deal on to me.

IM2C · 05-10-2018, 02:43 PM

Quote:

Originally Posted by F80zcp

Good Deal. If you don't take it please pass the deal on to me.

That's not my deal, I just did the math.

ngs · 05-14-2018, 05:20 PM

appreciate the help!!!!!

jmg · 05-22-2018, 09:18 PM

If he is letting you keep all the M Performance CF goodies, this is an even better deal. Strip those off and sell before you do the lease return.

One caveat: Check the condition of the car. Any and all repair responsibility will be passed on to you. I'm talking about scratches, dings, wheel rash, etc. All the stuff they look at when you do a lease return.

All-in-all though ~$660 on a M3 is not bad at all. Makes me wonder why he is getting rid of it.

PshhhhhMW · 05-22-2018, 09:51 PM

Quote:

Originally Posted by jmg

If he is letting you keep all the M Performance CF goodies, this is an even better deal. Strip those off and sell before you do the lease return.

One caveat: Check the condition of the car. Any and all repair responsibility will be passed on to you. I'm talking about scratches, dings, wheel rash, etc. All the stuff they look at when you do a lease return.

All-in-all though ~$660 on a M3 is not bad at all. Makes me wonder why he is getting rid of it.

Didn't see any mileage info. Hopefully OP doesn't get wrecked on mileage overage.

05-09-2018, 03:36 PM	#1
ngs Private First Class 26 Rep 148 Posts Drives: F80 Join Date: Nov 2008 Location: SOCAL iTrader: (0)	F80 M3 Lease Assumption... Advice? Great community and looking into getting into an M. Can you guys advise on this deal? 2016 M3 Alpine White non ZCP -dct -full leather -executive -adaptive m -drivers assistance -new tires -wheel & tire package Seller is giving $5500 incentive 12 months left on lease - was thinking of purchasing after.. residual: $49,200 current payoff: $61,200 monthly: $1050+tax seller added: springs, spacers, DP, JB4, all M perf carbon exterior goods seller is including all original parts and car has been meticulously maintained Last edited by ngs; 05-09-2018 at 03:47 PM..
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05-09-2018, 04:18 PM	#6
IM2C Major General 2067 Rep 5,373 Posts Drives: ∞ Improbability Drive Join Date: Oct 2005 Location: FL iTrader: (9)	Effective payment after the incentive is $665/month (1050 x 1.07 x 12 -5500)/12=665 I think this is a pretty solid deal. __________________ ///\| g87 \| f87 Comp \| g29 M40i \| f97 Comp \| f80 Comp \| f80 \| f30 \| e92 \| tt \| S5 \| e92 \| 350z \| e90 \|
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05-09-2018, 05:44 PM	#7
White340 Lieutenant Colonel 1393 Rep 1,986 Posts Drives: 2018 M3 Comp / 2022 X5 45e Join Date: Dec 2015 Location: NYC iTrader: (3)	Not bad all things considered. Check the condition of the tires. If they are low and need to be replaced, price that into your formula.
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05-10-2018, 07:42 AM	#8
IM2C Major General 2067 Rep 5,373 Posts Drives: ∞ Improbability Drive Join Date: Oct 2005 Location: FL iTrader: (9)	Check condition of the windshield as well. __________________ ///\| g87 \| f87 Comp \| g29 M40i \| f97 Comp \| f80 Comp \| f80 \| f30 \| e92 \| tt \| S5 \| e92 \| 350z \| e90 \|
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05-14-2018, 05:20 PM	#11
ngs Private First Class 26 Rep 148 Posts Drives: F80 Join Date: Nov 2008 Location: SOCAL iTrader: (0)	appreciate the help!!!!!
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05-22-2018, 09:18 PM	#12
jmg Lieutenant General 18707 Rep 14,115 Posts Drives: G82 M4C X-Drive Join Date: Mar 2013 Location: Orange County, CA iTrader: (1) Garage List 2022 G82 M4C X-Drive [9.85] 2018 F80 M3 CS [9.87] 2019 i3 BEV [0.00]	If he is letting you keep all the M Performance CF goodies, this is an even better deal. Strip those off and sell before you do the lease return. One caveat: Check the condition of the car. Any and all repair responsibility will be passed on to you. I'm talking about scratches, dings, wheel rash, etc. All the stuff they look at when you do a lease return. All-in-all though ~$660 on a M3 is not bad at all. Makes me wonder why he is getting rid of it. __________________ 2022 G82///M4 Competition X-Drive - KW-HAS, EBC Bluestuff, Millway Race Camber Plates, Cup2 Connect, PSI High Flow Midpipe, Lightweight Front Lip, M Perf Flow Through Wing Previous • 2018 F80 ///M3 CS • 2016 F80 ///*M3 IG: Raging_G82
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