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Coupes & Convertibles BMW M/M3/M6 2007 BMW M3 (E92)
203 messages, Last post on Apr 02, 2008 at 7:01 AM
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Replying to: nyccarguy (Jun 17, 2006 6:48 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 5:18 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 9:44 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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Replying to: jmaroun (Jun 26, 2006 10:54 pm)  I'm not in the car business at all. I thought I answered your question constructively and honestly. My customer that is buying the Shelby GT500 Mustang certainly isn't buying it from the plumbing supply house I work at. He is buying it from a Ford dealership. I do not advocate buying ANY car for one cent over MSRP (or even at MSRP). If you want a new M3 and have to be the first on the block to have it, then go and pay money to get on a waiting list. If you can be patient and wait (maybe extend the lease on your 330i). Maybe that sounds like your best option since you sound like you want to keep the car for a long time. I LOVE BMWs (and hope to own at least one further down the road). The M3 is a high performance sports car with a free revving engine and tightly wound suspension. The new V8 will be a derivitave of the current E60 M5's V10 and may have some teething problems. The current E46 M3s had engine problems (I can't recall exactly what) during their first year of production. As for buying vs. leasing, since BMW will sell every single one of these with no problem don't expect any lease support in the form of a low lease rate (money factor) or pumped up residual value. A loan payment might be the same as a lease payment. Example: A $50,XXX dollar 530i will probably have a much lower lease payment than an M3 with a similar sticker price given the mileage allotment & term of lease are the same (say 3 years 15,000 miles per year). |
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If I were you, I'd wait until the second model year. Those teething problems in the aforementioned post were due to the semi dry-sump oiling system which utilized one conventional, high capacity oil pump and a scavenger pump which recycled the oil back onto the internals of the engine. This new M3 won't have that system on it. I can't remember off hand, but I'm sure this will be a single pump/reservoir dry sump system. There were also some sealing problems with a lot of the gaskets from the 2001 models. BMW made sure to address this in the following model years, so I'm sure they've shaken down this new engine thoroughly. I'd wait until some idiot leases one for his wet-nosed son's birthday gift. Let others find the problems for you. I say there's no better way to shake the bugs out of a new car than to put in the hands of a teenager. I'm going to take one on a "tour of the city," finding faults and what not. Then some acceleration and speed runs at the airport. After all that, I may sign up for a driving course. I've raced all over and halved 6 figure cars on 2 continents, but I've never been to a BMW driving school. I'm looking forward to hearing your experiences if you decide to go forward with it.
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Replying to: ultimatedriver (Jun 27, 2006 9:12 pm) Regarding the picture #103, posted by autoboy; I'm not sure where that came from however I certainly hope the new M3 will look better than that. Silver in my opinion has been Played Out on most 3series. I'll be shooting for something a bit more stand out'ish. Maybe yellow or Sky Blue. nyccarguy and utlimatedriver: Your points are well taken on the BMW teething problem. I will be cautious. ultimate: I will Surely appreciate your feedback on the new M3. How do you get to drive these new cars anyway?? I'll be signing up to the BMW driving school soon and will post my experiences. For the moment, I'm enjoying my 330i. One of the most pleasing aesthetic thing about this car is the rims that came with the sports package. They fit the car well! I also enjoy aggressively taking a curve or two when i get the chance. Mostly, I'm just enjoying the feel of the ride. The low end torque is a bit disappointing. The M3 can solve that problem and emphasize on the road feel I'm sure. I'm hoping to get more inputs and comments. Perhaps it's too early. Thanks for both inputs! Joseph San Diego |
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| I've been on 2 waiting lists for high demand vehicles, the Yamaha R1 when it first came out and no one not on a waiting list could buy one for several months, and the E46 M3 SMG which was wait listed for at least 6 months, except for those dealers who sold well over MSRP. In both cases, I paid $1K down and contracted for MSRP, and for the 1st one avaialble that met me specs (options and color). Both times I changed my mind, the R1 I sold my spot to a friend for the same $1K, the second I decided I needed a sedan with my growing son so the $1K was applied towards a 330i Sport. | |
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There is finally a glimmer of hope for the very few rarebirds waiting for a M3 wagon ( I am among one of those rarebirds and hopefully not the only one). link title
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