Originally Posted by GTR-Jack
Hey guys I'm new here on the m5 forum. I'm looking to lease a m5 also. My dealer is telling me the m5 is a 109,000 car and he will bring the car down to 99,xxx. And with 10,000 down the payment will be around 1300 a month. Just sounds high to me. Can any one help me out here? Names jack by the way
check bmwconfig.com and build out the vehicle in question. That will tell you invoice price, MSRP, etc. Also go to http://www.ridewithg.com/index.php/c...ase-rates/bmw/
to get the current lease MF and residual. Put it into an auto lease calculator and it will spit out your payment. http://www.leaseguide.com/calc.htm
If you dont have a trade be open to going outside your area. Negotiate over invoice. It sounds like from other threads that dealers have inventory on their lot. If you are willing to come to OH I have a great CA and dealership who will work with you. Several forum members have bought through them. PM for his info.
I ran some numbers for you with this info.
MSRP - $109K
Cap Cost - $99K
Down payment - $10K
Money Factor - .00125 (this is the buy rate. usually the dealer will mark this up. I added .0004 to the MF). Money Factor to customer is .00165.
Sales tax - ? Depending on where you live. I used 6.75%. This is tax where I live.
15K miles per year