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Coupes & Convertibles BMW M/M3/M6 2007 BMW M3 (E92)
202 messages, Last post on Apr 02, 2008 at 8:01 AM
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Replying to: ultimatedriver (Apr 28, 2006 7:47 pm) I don't think the I6 is finished at BMW just yet. As you probably know the M Roadster and M Coupe, both based on the Z4 just got the I6 from the M3.....but there is the 1-Series to think about. BMW said that they'd never build a M version of the Z4 and now here it is. In short I expect a M version of the 1-Series at some point. Not sure if they'll use the "M1" badge for obvious historic reasons, but they will have to use a I6 for that car. Maybe something like a 330hp 3.0L I6. BMW is slowly moving their cars upmarket with each generation. People complained about the E46 back in 1999 and some are complaining now about the E90 because of the larger size etc., this is however where the 1-Series comes in. I think we'll get a 1-Series sedan/coupe/convertible in 2008 and they'll be closer to the E36 in spirit I think. The next 3-Series convertible gets a folding hardtop so it appears that weight goes up, but the spy pics of the 1-Series shows a tradition fabric top. They're just moving the 3 upwards and slotting the 1 in it's place, IMO. M |
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Hello everyone. First, thanks for all the info - I'm truly learning a lot. I've always wanted a BMW and finally at the point where I can "afford" (i.e., struggle but get it) one. Here's the deal I was offered on a 2006 M3 convertible: Money factor - .0031 (i might be missing a zero but its definately .something 31) MSRP - 62,500 (I've checked on Edmunds and w/the features it comes w/that's the correct MSRP) 10,000 miles a year (all I need) The woman doesn't seem like she'll budge all that much re: price. From reading other BMW posts it seems you can really get it down to about 1,700 over invoice, but when I ran the M3 on edmunds it said folks are pretty much paying MSRP. Is this true? If not how much should I expect to pay over invoice. I live in NY - shopping in LI and NYC. All in all came to about $1,025/month lease for 36 months and about 5k due at signing (3k of which was taxes - fun) Also, I'd much prefer a hard top but does anyone know if / when these will be available on M3's? Again, thanks for all the help everyone in your posts. Please let me know your thoughts re: my lease offer and also anything else that I'm too new to know to ask about. Best of luck ! Gabe
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Replying to: glkatz (Jun 16, 2006 7:02 pm) Call around to different dealerships. Sit on her offer and let her know that you won't pay MSRP for the car. Pick a number that you're comfortable. Give her a hard number, not $1500 over MSRP or whatever. What dealership are you shopping at?
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Replying to: nyccarguy (Jun 16, 2006 7:47 pm) I'm definately going to call around. I'm dealing w/a dealership in Huntington, LI. I actually work on Wall st and the dealership there is so much more helpful and friendly. They're not there on weekends so I'll discuss w/them monday. You'd think on Wall st they'd try and rip you off but I had a great feeling from them / pricing on the 330xi I orginally wanted. Any idea as to what would be a "reasonable" agreed sales price for a $63k M3 convertible? I dont want to get ripped off but dont want to get laughed at either. Also, I know this is a BMW forum, and that's the car I've fallen far, but a not so distant 2nd was the CLK convertible. Any thoughts? I'm going w/the BMW - just wondering if folks agree. Thanks again for your time - it is very much appreciated. Gabe
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Replying to: glkatz (Jun 17, 2006 6:30 pm)
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Replying to: nyccarguy (Jun 17, 2006 7:48 pm) 1. Metallic paint 2. Leather interior 3. SMG 4. Xenon headlights 5. Rear airbags 6. Navigation 7. Harmon sound system I've been told MSRP is approx. $63,730 (including a dest. charge of $695). The sales tax in NYC is 8.375% 10,000 miles a year lease / 36 months .0031 Money factor (again might be messing up the number of 0's). Also, if you can explain to me how "rolling" the tax into the pmt works I'd appreciate it. Again, I can't thank you enough for your help - it's great knowing there are folks out there taking the time to help make sure those who really love and desire a BMW, but aren't as educated on the topic, obtain the best possible deal. Thanks! Gabe
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Replying to: glkatz (Jun 18, 2006 6:18 pm) MSRP: $65,030 (Includes $695 destination & $1,300 gas guzzler tax) Invoice: $59,535 (Includes $695 destination & $1,300 gas guzzler tax) Leasing is just like buying a car. You negotiate the price of the car first. $1500 over dealer invoice is a fair deal on an M car. The number I want you to shoot for is: $61,035 (start $500 lower & work your way up). This is the capitalized cost of the lease. For 36 months with 15,000 miles per year the base money factor (lease rate) is .00310 (which you have been given) & residual value is set at 56% (this is set by BMW FS & cannot be marked up by the dealer). You will not "put money down" which means maken a capitalized cost reduction. This car should cost you $1068.50 per month for 36 months including NYC sales tax of 8.375%. Your total amount due at signing is $625 Bank Fee (they might try to mark this up by $200), First month's payment of $1068.50, & a Security Deposit of $1100.00 (I think). You want to roll (include) your taxes INTO the lease payment instead of paying them upfront. Like I said previously if you pay the taxes upfront and your car gets stolen the night you pick it up or totalled driving out of the dealer's lot good luck getting that money back from Gov. Pataki. This is also the reason you don't make a cap cost reduction on a lease (just change Gov Pataki's name to BMW Financial Services). Good luck! Let me know how you do.
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I presume the last several posts are referring to the current M3 since the next M3 is expected to come out, according to what a sales rep told me this Saturday, some time early 08, late 07. Quite some time from now. How accurate is this prediction?? I think it's fair to say that many 06 330i 3/yr lease goers may consider the M3 when their lease is up mid 08 time-frame. That is, I'm probably not the only one. Having never bought or leased a car like this, I'd appreciate some useful hints on how to go about getting the car I want, (08 M3 with all the options/colors), when I want it, (when my lease is up in 1.8 years), and for how much I want to pay for it, (a fair price). I'd really appreciate some hints on how to prepare. For example, do I really need to put 1G down to get on a waiting list as a dealer highly recommended? Do waiting lists restrict ability to get a fair price? Furthermore, should I be grateful at the dealer's "generous" and noble oath to "only" charge MSRP? Or will there be room for negotiation? I really don't like to haggle, but if I can get a better deal with little or no more stress compared to on-line vendors, such as carsdirect.com, I'm more than willing to try. Another thing I'm concerned about is whether or not I'll have the skillz to really enjoy all that an M3 has to offer. I'm seriously considering participating in a local BMW's performance driving school. Lastly, I've leased this 330i because I thought I'd want, well,..more. I was right. Furthermore, I've heard that BMW's costly repair requirements, due to costly German parts and less than stellar 3 series reliability after 4 years, make leasing attractive. With an M3 however, I'm sure my sports car appetite will be satisfied. I am curious about M3 quality/reliability. What do repair costs after 4 years look like for an M3? Should I buy or lease the 60-65k beast considering this will probably be my only/last sports sedan before I get married and have kiddies. say hello to Honda Odyssey nooo!! Thanks for all advice in advance, Joseph San Diego
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Replying to: jmaroun (Jun 25, 2006 10:44 pm) Just to make a few points: The M3 isn't a "step-up car" like you say. many people "step up" from a 325i to a 330i or from a 330i to a 530i... The M3 is a different animal. It is designed to be an all out sports car. Not for the timid at heart  What you pay is up to you. I could car less about being the first on the block with the new "hot" car. I wouldn't pay $1,000 just to get my name on a waiting list. But what do I know? I'm not in the market for one of these amazing machines (I have a customer who told me today he got a good deal on an '06 Shelby GT500 Mustang because he only paid $15K over sticker). How well they sell depends on the economy. Back in '01 when the current M3 was introduced, people were paying $10K over sticker. Do you have a 330i now? When your lease is up, there will be a Twin Turbo (300hp/300 lb-ft) 335i Coupe/sedan available. |
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Thanks, but No Thanks for that load of advice. I'd appreciate advice from people who can at least respect the question and not make assumptions about the person asking the question. Firstly, I'm seriously considering an M3 when my lease is up. Secondly, I'd appreciate constructive advice on how to get one. Preferably from experienced buyers and not from the indifferent and especially not from a biased sales rep! I hope there will be better advice out there cause I'd sure appreciate it. Sincerely, Joseph San Diego, CA
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