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#1. Re: [E36M3] How much are Payments on a 330ic? - from nabli@attglobal.net
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Date: Tue, 22 Aug 2000 12:47:59 -0400 From: nabli@attglobal.net Subject: Re: [E36M3] How much are Payments on a 330ic? Oh, one more thing: Your residual depends on the yearly allowable mileage you want - i.e., 15K, 12K or 10K. The lower the mileage the higher the residual. 10K is usually 3 percentage points lower than 15K. Leasing is a great way to get a car ONLY IF YOU KNOW HOW TO CALCULATE IT AND WHAT IS INVOLVED. If you want to know what your APR% is for a lease take the money factor for example a .00331 and multiply it by 24 which would give you .07944 (i.e., 7.944%). The way most (the OVERWHELMING MAJORITY) get ripped off (YES, I do mean RIPPED OFF!!) is when they don't know about the lease (money) factor or residual. The salespeople can fool around with these numbers and get to the $650 dollar figure they quotes you. I can't stand to see honest people get ripped off!!! Cheers, Jim E. nabli@attglobal.net wrote: > For Leases you need to know the lease factor AND residual percentage. > > The lease factor (sometimes called the money factor) is a .00XXX and the > residual is obviously a percentage. > > Give me those figures and I'll let you know EXACTLY what your payments should > be. > > Cheers, > Jim E. > > NASIEG@aol.com wrote: > > > Date: Tue, 22 Aug 2000 09:31:55 EDT > > From: NASIEG@aol.com > > Subject: How much are Payments on a 330ic? > > > > I'm going to lease a new e46 330ic. MSRP is $40600. How much should the > > payments be for 36 months with $5000 down? I'm calculating around $ 550 > > plus tax but the dealer says it should be about $ 650? I be interested how > > much others are paying. > > > > Norm > > 97 M3 sold > > 01 330ic any day now > > > > ************************************************************* > > List Commands > > UNSUBSCRIBE - (in subject line) unsubscribes you from the mailing list. > > *************************************************************
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#2. More OnTrack Insurance Info - from Dave Spragg
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Date: Tue, 22 Aug 2000 12:55:40 -0400 From: "Dave Spragg" <dspragg@mediaone.net> Subject: More OnTrack Insurance Info A bunch of folks have asked so here is some more info. I paid somewhere over $500 for a $38K stated value on my car early this year before any of my track days. I bought coverage for track only and have full coverage through my regular insurance company to cover anything except driving schools. My car is not trailered and is driven regularly so the 5K milage limit was not an option for me. A note from John Heckman which he said he didn't mind if I shared: ====== snip begin ================================================= We are, of course, aware of Reliance's problem and have made arrangements to place the coverage through ACE USA, a major insurer with a rating of A+. The effective date of this change will be 09/01/00. We will be releasing this information as soon as the final details are wrapped-up. In the meantime, rest easy that you are insured. We have a working relationship with the local office of Reliance. We've had a couple of claims lately, and they have been handled to everyone's satisfaction. John Heckman ====== snip end ==================================================== Note: The deductible for claims occurring at Watkins Glen has been increased to 35%. This rule went into effect for policies written effective 08/08/00 or later. This doesn't affect me but might affect some of you. Dave Spragg dave@spragg.com 99 M3 Sharked
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#3. Re: [E36M3] How much are Payments on a 330ic? - from nabli@attglobal.net
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Date: Tue, 22 Aug 2000 13:02:26 -0400 From: nabli@attglobal.net Subject: Re: [E36M3] How much are Payments on a 330ic? Jim Powell wrote: > Wasn't there a law enacted in the last year or two requiring leasing companies to > translate their mumbo jumbo factor smoke and mirrors into an effective APR so you > could comparison shop? Yes but because of the idiots in Washington disclosure requirements do not apply to lease transactions over $25,000. Here is a company which sells excellent leasing software: http://www.autoleasingsoftware.com/ Here is some info about leasing: http://www.emich.edu/public/coe/nice/lease.html Cheers, Jim E.
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#4. lease - from lee.leslie@firstunion.com
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Date: Tue, 22 Aug 2000 13:04:57 -0400 From: lee.leslie@firstunion.com Subject: lease FWIW - I just leased a 2000 Grand Cherokee limited for the wife $36,000, $3,500 down & $378/month w/ tax for 39mths.. if that gives you any idea.. $650 seems high, before getting the grand we looked at the 323 wagon, @ $38.8 they wanted 4 down & $550/month.. I don't know what the money factor was w/ BMWNA but it must have been really high. Jeep was .00368 (about 8%)... BMW must have been closer to 10 or 12%.. (money factor *22=approximate APR).. Good Luck.. Lee 97 M3/4 00' Grand Cherokee
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#5. E36 M3 replacement candidates - from Andy Chi
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Date: Tue, 22 Aug 2000 10:09:56 -0700 (PDT) From: Andy Chi <m3flyer@yahoo.com> Subject: E36 M3 replacement candidates Since someone has brought up the 330Ci as the E36 M3 replacement, I thought I would share with you my quest for the E36 M3 replacement (namely the S4, 330Ci or 325Ci). S4 can't stop worth a damn, and yours turely does a lot of 120 to 70 heavy braking everyday, so bad brakes is out of the question. 325Ci is just plain hampster powered. ANd the 330Ci, well... Do not be fooled by the mere 15HP difference between the 330Ci and the E36 M3, our M3's are much much more capable than the 330Ci. THe rumor that BMW has over boosted the living daylight out of the E46 steering is TRUE. While not quite Deville STS like, 330Ci feels VERY vauge near center (the small steering adjustment that used to be a joy on our M3 has become a mere annoyance with the 330Ci), and is downright scary at over 90. Compare to our M3, the brakes is about the only redeeming quality of the 330Ci, and perhaps the interior that looks like a 35K plus car. As for calculating lease payment, I have a spreadsheet that does the calculation for anyone who's interested. So at this point, I am probably going to re-lease my 98 M3 for another year and then see what my options are next October. Oh and for al you LA people, Nick Alexander charges no shipping for floating rotors, so it's 108 plus tax each, that is one screaming deal... Andy 98 M3 black/black __________________________________________________ Do You Yahoo!? Yahoo! Mail – Free email you can access from anywhere! http://mail.yahoo.com/
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#6. Re: [E36M3] How much are Payments on a 330ic? - from Jim Powell
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Date: Tue, 22 Aug 2000 10:18:47 -0700 From: Jim Powell <jsp98m3@home.com> Subject: Re: [E36M3] How much are Payments on a 330ic? I don't think its idiocy in Washington. I think its one lizard keeping the other lizard's pond filled with water. Jim nabli@attglobal.net wrote: > Jim Powell wrote: > > > Wasn't there a law enacted in the last year or two requiring leasing companies to > > translate their mumbo jumbo factor smoke and mirrors into an effective APR so you > > could comparison shop? > > Yes but because of the idiots in Washington disclosure requirements do not apply to > lease transactions over $25,000. > > Here is a company which sells excellent leasing software: > http://www.autoleasingsoftware.com/ > > Here is some info about leasing: http://www.emich.edu/public/coe/nice/lease.html > > Cheers, > Jim E.
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#7. Re: [E36M3] Re: OnTrack Insurance - from Sean Hester
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Date: Tue, 22 Aug 2000 10:22:26 PDT From: "Sean Hester" <seanh_race@hotmail.com> Subject: Re: [E36M3] Re: OnTrack Insurance >This is the type of policy I'm looking for. I didn't like the idea of >dropping >my collision coverage, I'm only interested in some supplemental coverage >while >I'm on the track. Maybe I didn't dig deep enough into the website, but I >think >they should make this info more noticable. $500 is cheap if you have a >problem >at the track. Hell, you can't even replace a bumper cover for $500. >However, I >still don't like the idea of Reliance writing the coverage. I'll have to >give >them a call. i got the impression that they don't offer this coverage "normally". of if they do it's a new thing. i never found it on their site, or in any literature. i had to talk to them directly and say "i drive more then 5000 miles a year, can you help me?" and at first they said "no". they later (about a week) they e-mailed me back and told me about the "supplemental" plan, and how it woudl work for me. don't forget though... it's $500 for the coverage and a 20% deductible. so if you cause $5000 damage, you're still gonna have to write a check for $1000 for the accident... >A dedicated track car would be a wonderful thing, but the resulting divorce >wouldn't be worth it. (Well, maybe, nah... but... no, it wouldn't :) My >dad's >retired and looking at a boat, my current plan is to talk him into buying a >track car and starting a new hobby. I'll even put his name on it in big >letters. ;) i know a wife will never believe it, (mine doesn't at least) but... long term (assuming you do this alot) a 2nd car will be CHEAPER. just like buying a 2nd set of wheels with track tires is cheaper. the initial cost is higher, but long term you'll save money. (assuming you're track car is a cheaper, older, car and not another M3) if you only go to the track a couple times a year, and drive moderately, one car is cheaper. but if you go 20-25 times a year (like myself) and drive the heck out of the car (like myself) you'll find the 2nd car being cheaper. especially if you factor in totalling the car, (NOT like myelf) or warping the head and needing a new engine, (like myself) etc... i can tell you i spent $20,000 in the past two years tracking my M3. if i'd bought a $5000 car two years ago (assuming my wife didn't dump me that day and i had to pay for a divorce) i would have spend LESS then $20,000 tracking that car... ________________________________________________________________________ Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com
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#8. RE: How much are Payments on a 330ic? - from John Demartino US-Valencia
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Date: Tue, 22 Aug 2000 19:05:34 +0200 From: John Demartino US-Valencia <j.demartino@us.qiagen.com> Subject: RE: How much are Payments on a 330ic? Norm, For reference sake... I pay $370/mo (including tax) on a 2 year lease, $6k drive off (not down... a big difference, 10k mi/year, $29k payoff, on a '99M3 (~$43,700 MSRP)... your lease sounds a bit high to me. John ______________________________________ Date: Tue, 22 Aug 2000 09:31:55 EDT From: NASIEG@aol.com Subject: How much are Payments on a 330ic? I'm going to lease a new e46 330ic. MSRP is $40600. How much should the payments be for 36 months with $5000 down? I'm calculating around $ 550 plus tax but the dealer says it should be about $ 650? I be interested how much others are paying. Norm 97 M3 sold 01 330ic any day now
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#9. Lease amounts - from Carey Probst
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Date: Tue, 22 Aug 2000 14:01:50 -0400 From: Carey Probst <hcprobst@alum.mit.edu> Subject: Lease amounts Go to www.bmwusa.com and link to the financial center. There is a full set of comparison calculators for leasing and buying. -- Carey Probst E-Mail: Carey.Probst@oracle.com Perm: hcprobst@alum.mit.edu A well regulated militia being necessary to the security of a free State, the right of the people to keep and bear arms shall not be infringed.
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#10. Re: [E36M3] How much are Payments on a 330ic? - from shane.a.kleinpeter@ac.com
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Date: Tue, 22 Aug 2000 13:37:51 -0400 From: shane.a.kleinpeter@ac.com Subject: Re: [E36M3] How much are Payments on a 330ic? Isn't there an online loan calculator on the BMW website? I would think that if you are getting the lease through BMW that this might be a good place to start. Shane Kleinpeter Tarheel Chapter '96 M3 '88 535is