What’s a good cap cost for a 2024 m3 comp drive these days?
Asking “what’s a good cap cost” is meaningless as there are a million different variables. You need to be asking what a good pre-incentive discount % is. Check the Marketplace to see what brokers are offering, if anything. M3’s are tough.
I believe @IAC said MSRP is about as good as it gets right now on M3s. M4’s may have a bit of wiggle room if you’re willing to go that route.
2024 bmw m3 comp xdrive.
Was told mf is 0.00267 and 56% rv. I’ve seen 57% somewhere too. Which is right? Also, are these strictly going for MSRP right now with no cap cost wiggle room?
Also, should I be paying taxes and fees upfront or no?
MSRP with base rates is good M3 deal. M4s at 6% off and maybe even a bit more especially at year end from dealers with units on their lots.
NY is an up front tax state, but you can opt to roll the up fronts into the lease and incur an addition rent charge for the entire lease. When MF converts around 1% I’m inclined to do this. At these rates, even after MSDs, I’d plan to pay the upfronts DAS (even if you get $0 DAS lease quotes to easily compare)
Check the Marketplace to see what brokers and dealers are currently discounting.
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Hi. Im from NY too. So if I roll taxes and fees into the lease, I’m paying the money factor in them too, is that what you are saying?
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You sure are…so another $10-20/m
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In an upfron tax state, in a case of a total loss or pull ahead, would one still have to pay the taxes that were rolled in?
Buy it don’t lease it
Unless you shit money
You can make the DAS be whatever you want it to be. That is not the way to evaluate a deal.
I would take a step back and do a serious lease vs. buy comparison. This lease is atrocious.
You’re spending $65k to lease a $97k M3 for 3 years then give it back.
If you want an M3, just finance it, as noted above.
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If the lease was upside down at the time of a total loss, gap would pay out.
So than the same logic of not putting a downpayment by a regualr lease, should apply to the taxes here.
A CCR is not really the same as inceptions
What I would suggest is, do the exact math on the carrying cost and decide if you want to bet that amount that you will total it before disposition. On my last lease this bet was less than $40, and someone in an old post I showed the math. Do that.
A CCR isn’t the same, but it has the same pros and cons in regards to saving interest and risk of total loss or pull ahead.
@IAC , do you ever think the M4 comp x drive lease will be available for like 2k DAS with MSD and <1000/monthly?
Sure, it just won’t be in dollars.
Did you open the calculator on your phone and see what $1617x35 +$8k equals?
Does that pass any kind of smell test?
Is there any other asset in your life you pay such a high fraction of its purchase price to rent it for 3 years and give it back?