What do you guys think about this deal? This is the best I could do. Will be a factory build so once the car arrives should be able to take advantage of other rebates/incentives (hopefully). Planning to drive around for a year and then transfer the lease.
2022 BMW M3 CS
3/36 Lease
15K Miles
MF .00093 - Confirmed
RV 54% - Confirmed
$75,500 MSRP
Dest & Handling $995
Zero-Drive Off
$1261 p/m (Texas - 6.5% sales tax is included in the final price not on the payment, makes payment a tad higher than most states where the tax is only included on the payment)
$1K refundable deposit to pre-order. No obligations.
Maybe this is just the state of the market these days, but this is more expensive than my $90K X5. However, I got mine in 2019 and times are tough now.
Though no one knows where the market will go, I can’t imagine the shortages stay this way through next year. As such, maybe if you need/want a car now, this is fine, but I do think it’d be tough to transfer out knowing that up until late last year, last gen M3/M4 were going for around $800-ish/pm.
But hey, maybe things get even worse and this is a great deal. Nobody knows unfortunately.
Great perspective. Looks like BMW is not offering any incentives/rebates as well. Plus, they’ve gone conservative with their residuals. It’s more than a want than a need lol. They’re only making them on demand which will hopefully spark demand. Aim is to go for zero out of pocket. Mathematically, the numbers work but not sure if it makes financial sense. Frustrating lol!
Before reading your post just after reading the title I could have answered no it is not a good deal. Most leases suck now, for a prestige car that’s brand new to the market they suck at an epic level never seen before or probably ever again.
If you plan to transfer in a year. Why not go for 10k or 12k miles a year. Residual is higher and you’ll pay less per month.
That’s a big payment for a pretty lightly spec’d M3. I would add the laser lights as $1k option. It will make it more attractive to transfer the lease and they look much better.
The way the market and limited allocations for these cars is right now , I think the lower payment is a bigger selling point than mileage.
It really depends how the market is next year. If allocations are still limited and inventory is low , lease transfer could be attractive. If they ramp up production and dealers begin to discount again, could be hard to swap out a lease with high pmt. I also expect X drive to be more sought after.
If you’re getting it at MSRP anyway and have to pay the full sales tax because Texas and there’s no lease cash and you want to flip it in a year, why not just buy it and sell it in a year? At the very least you’ll save on the acq fee. And the payment is so high that when you do go to transfer it, you’ll likely need to provide an incentive at that point, potentially.
