Quote:
Originally Posted by 12X5M
Hey Guys,
I am considering a 2013 BMW M5. I emailed my local dealer in Houston for lease quotes and was quoted $56,542.00 for a 2YR/20K Lease $109,072.00 MSRP. 58% Residual,.00220 Money factor. This quote is outrageous considering all the payments are made up front removing the (6% interest)
Background INFO: i have owned a 2012 X5M for 6 Months. Are their any rebates for former BMW customers and what rebates are out now?
Im considering waiting for the 2014 model.
I don't want to pay cash for this car as it has poor resale value.
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If your looking to lease I highly suggest you do a 36/12. 24 Months will always be a outrageous price, your monthly will be over 2k Automatically. I would fight for 10%-15% off MSRP. That money factor seems a bit high as well.