Big Score on a 2010 DCT M3? Auctioning My Low Residual Or Turning It In Next Week

3domfighter · 03-16-2013, 05:56 PM

BIMMERPOST / Classifieds

Asking Price:

None

Item Interest

Hi Everyone,

Been a while since I've been here....been out driving, I guess. Anyway, lease came due on me and I've replaced the M3 with my trusty M5, but I noticed that even after sales tax and other fees are figured in I think I have a low residual. So I'm going to pass along the savings to someone who wants it if it can be done quickly.

Broad strokes: 2010 M3 Sedan, loaded with DCT, Premium & Technology Packages, heated seats...the works. Alpine White over Fox Red interior. Just shy of 32,000 miles. Starting the bids at $35,000, entertaining offers in the $40K range to end the auction.

Well, I guess I do indeed have a deal for someone on my hands, because I got a bid already while I was posting this. Here's the listing for anyone interested:

http://cgi.ebay.com/ebaymotors/ws/eB...#ht_500wt_1182

cotenseto · 03-16-2013, 06:32 PM

Wow that is a great deal. Hope it doesn't sell for 35k because then 1/2 the cars on this forum just got devalued

Good luck!

c

3domfighter · 03-16-2013, 09:00 PM

Haha, it's more just a reflection of the time that I leased it and some killer negotiating skills, if I do say so myself....

I knew it was a good price, but judging from the emails I'm getting it's better than I thought. Here's to good deals!

slicer · 03-16-2013, 11:02 PM

Quote:

Originally Posted by 3domfighter

Haha, it's more just a reflection of the time that I leased it and some killer negotiating skills, if I do say so myself....

I knew it was a good price, but judging from the emails I'm getting it's better than I thought. Here's to good deals!

FWIW I think you are kidding but a low residual is not a reflection of good negotiation skills... It is typically not negotiable and if it were, you would actually want a high residual to improve your lease payment.

GLWS, I love the color combo!

NikB316 · 03-17-2013, 01:05 AM

OP,
Mind sharing what your lease terms were? Monthly payment, 36months, taxes included, msrp, down payment, etc.

Thanks!

3domfighter · 03-17-2013, 03:35 AM

Quote:

Originally Posted by NikB316

OP,
Mind sharing what your lease terms were? Monthly payment, 36months, taxes included, msrp, down payment, etc.

Thanks!

Let's see how good my memory is...payment is easy, $1164/mo with taxes included. It was 36 months with 12k miles/year allowed, down payment was basically zero but I paid $2500 or so in various drive-off fees & 1st month payment, lease factor translated to .9 or 1.9% APR (can't remember for sure), MSRP was just shy of $70k. Something in there...

3domfighter · 03-17-2013, 03:46 AM

Quote:

Originally Posted by slicer

FWIW I think you are kidding but a low residual is not a reflection of good negotiation skills... It is typically not negotiable and if it were, you would actually want a high residual to improve your lease payment.

GLWS, I love the color combo!

I was indeed kidding, but I don't think you can negotiate residual with BMWFS, can you? I think they base that number on the term of the lease and the allotted mileage. Your payment is then determined by the difference between the negotiated price and the residual multiplied by the # of months in the term and with the lease factor applied. I was under the impression that to decrease your monthly payment you negotiate sales price or lease factor, no?

Best. Color. Combo. Ever. Thanks!

3domfighter · 03-17-2013, 03:48 AM

Quote:

Originally Posted by slicer

It is typically not negotiable and if it were, you would actually want a high residual to improve your lease payment.

Sorry, it's late, misread your post. Yeah, residual isn't negotiable, it was the price and the lease factor that got me the low residge.

chii429 · 03-17-2013, 04:53 PM

text me 773-931-8793

Titan9 · 03-17-2013, 05:08 PM

Quote:

Originally Posted by cotenseto

Wow that is a great deal. Hope it doesn't sell for 35k because then 1/2 the cars on this forum just got devalued

Good luck!

c

Hate to break it to you bro, but once the f80 rolls into showroom floors, the e9x M's are going to take a hit. E60 M's owners are feeling it right now. Last July I was looking for a 2009 or 10 e60 m5 with no more than 20k on the clock. Dealer pricing started a $55k depending on options. Today, dealers are asking $49k -$55k depending on options.

Op, you have a great car. Glws

fuzzybam · 03-17-2013, 06:59 PM

PMed

alexc93 · 03-17-2013, 08:29 PM

why so far from me

PandaM3 · 03-17-2013, 08:37 PM

If no one buys it and you have to turn into dealer... Want to swap interiors? Love that red interior

Thenewbrilliant · 03-17-2013, 09:02 PM

When I sell my e93 I would love to take this off your hands

oldmarco · 03-17-2013, 09:07 PM

PM'd

3domfighter · 03-18-2013, 05:50 AM

Here's a pic of the beast and mini me.

lttletimmy · 03-18-2013, 09:49 AM

Wow! And I thought I got a good deal on my 2010! If I hadn't bought mine a week ago I'd make you an offer this second!

oldmarco · 03-18-2013, 01:12 PM

Another PM Sent

I think this'll work out!

hgtran21 · 03-18-2013, 01:43 PM

marco gonna buy it for the dealership you work at or personal car?

oldmarco · 03-18-2013, 02:07 PM

Quote:

Originally Posted by hgtran21

marco gonna buy it for the dealership you work at or personal car?

personal car, but also a mckenna track car

. I've already got mods piled up in the garage for this beauty!

hgtran21 · 03-18-2013, 02:39 PM

nooooooo, i want it !!! :S

05Mdriver · 03-18-2013, 03:34 PM

good deal

03-16-2013, 05:56 PM	#1
3domfighter New Member 2 Rep 23 Posts Drives: '08 6MT E60 M5; '10 DCT E90 M3 Join Date: Mar 2010 Location: Santa Barbara iTrader: (0)	Big Score on a 2010 DCT M3? Auctioning My Low Residual Or Turning It In Next Week BIMMERPOST / Classifieds Asking Price: None Item Interest Hi Everyone, Been a while since I've been here....been out driving, I guess. Anyway, lease came due on me and I've replaced the M3 with my trusty M5, but I noticed that even after sales tax and other fees are figured in I think I have a low residual. So I'm going to pass along the savings to someone who wants it if it can be done quickly. Broad strokes: 2010 M3 Sedan, loaded with DCT, Premium & Technology Packages, heated seats...the works. Alpine White over Fox Red interior. Just shy of 32,000 miles. Starting the bids at $35,000, entertaining offers in the $40K range to end the auction. Well, I guess I do indeed have a deal for someone on my hands, because I got a bid already while I was posting this. Here's the listing for anyone interested: http://cgi.ebay.com/ebaymotors/ws/eB...#ht_500wt_1182
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03-16-2013, 06:32 PM	#2
cotenseto Private First Class 1 Rep 117 Posts Drives: B6 S4 Join Date: Jul 2009 Location: Greater Philadelphia iTrader: (0)	Wow that is a great deal. Hope it doesn't sell for 35k because then 1/2 the cars on this forum just got devalued Good luck! c __________________ 05 S4 4.2 6 spd 07 A3 3.2 - Wifey's
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03-16-2013, 09:00 PM	#3
3domfighter New Member 2 Rep 23 Posts Drives: '08 6MT E60 M5; '10 DCT E90 M3 Join Date: Mar 2010 Location: Santa Barbara iTrader: (0)	Haha, it's more just a reflection of the time that I leased it and some killer negotiating skills, if I do say so myself.... I knew it was a good price, but judging from the emails I'm getting it's better than I thought. Here's to good deals!
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03-17-2013, 01:05 AM	#5
NikB316 Captain 56 Rep 605 Posts Drives: 2014 M5 Competition, F83 M4 Join Date: Aug 2007 Location: Miami, Florida iTrader: (4)	OP, Mind sharing what your lease terms were? Monthly payment, 36months, taxes included, msrp, down payment, etc. Thanks! __________________ 2014 M5 Competition Alpine/Sakhir BMS Tune. Undercover Performance Custom Downpipes & Connector. H&R 10mm Spacers. BMW CF Rear Spoiler. IND Cosmetics. ALP & BEL Radar & Laser. 2011 Space Grey E92 M3 AA Gen 2 Lvl 3 586whp 398wtq SAE (sold)
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03-17-2013, 04:53 PM	#9
chii429 Private First Class 6 Rep 106 Posts Drives: E90 Join Date: Mar 2012 Location: Chicago iTrader: (0)	text me 773-931-8793
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03-17-2013, 06:59 PM	#11
fuzzybam Second Lieutenant 3 Rep 215 Posts Drives: MB GLE350 Join Date: Jul 2011 Location: California iTrader: (0)	PMed
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03-17-2013, 08:29 PM	#12
alexc93 Colonel 381 Rep 2,384 Posts Drives: na Join Date: Nov 2009 Location: na iTrader: (8)	why so far from me
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03-17-2013, 08:37 PM	#13
PandaM3 Captain 470 Rep 988 Posts Drives: Join Date: Apr 2008 iTrader: (6)	If no one buys it and you have to turn into dealer... Want to swap interiors? Love that red interior
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03-17-2013, 09:02 PM	#14
Thenewbrilliant Second Lieutenant 9 Rep 281 Posts Drives: Mineral White M235i Join Date: Jul 2011 Location: PNW iTrader: (-1)	When I sell my e93 I would love to take this off your hands
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03-17-2013, 09:07 PM	#15
oldmarco Lieutenant 37 Rep 526 Posts Drives: E90 M3 Join Date: Aug 2012 Location: Norwalk, CA iTrader: (2)	PM'd
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03-18-2013, 05:50 AM	#16
3domfighter New Member 2 Rep 23 Posts Drives: '08 6MT E60 M5; '10 DCT E90 M3 Join Date: Mar 2010 Location: Santa Barbara iTrader: (0)	Here's a pic of the beast and mini me. Attached Images
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03-18-2013, 09:49 AM	#17
lttletimmy Private 7 Rep 59 Posts Drives: Looking for E92 M3 Join Date: Feb 2013 Location: SoCal iTrader: (1)	Wow! And I thought I got a good deal on my 2010! If I hadn't bought mine a week ago I'd make you an offer this second!
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03-18-2013, 01:12 PM	#18
oldmarco Lieutenant 37 Rep 526 Posts Drives: E90 M3 Join Date: Aug 2012 Location: Norwalk, CA iTrader: (2)	Another PM Sent I think this'll work out!
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03-18-2013, 01:43 PM	#19
hgtran21 Captain 33 Rep 676 Posts Drives: 335i Join Date: Aug 2007 Location: san diego iTrader: (1)	marco gonna buy it for the dealership you work at or personal car?
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03-18-2013, 02:39 PM	#21
hgtran21 Captain 33 Rep 676 Posts Drives: 335i Join Date: Aug 2007 Location: san diego iTrader: (1)	nooooooo, i want it !!! :S
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03-18-2013, 03:34 PM	#22
05Mdriver Colonel 349 Rep 2,346 Posts Drives: TT Flat Six Join Date: May 2010 Location: pa iTrader: (99) Garage List 2007 Porsche Turbo [10.00] 2008 BMW M3 [10.00] 2005 BMW M3 [10.00]	good deal __________________
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