m5 lease assumption

[koxal]

Hi folks,

my current lease is almost up. 2-3 months to go. right now, i drive a 2010 m3 vert.

in the meantime i am looking into some alternatives and pricing...

what would be monthly payments for a 2013 m5? 3 years w/12K miles.
or
if you already leased one, what is ur payments and howmuch down u put?

thanks in advance..

koksal

[AGS]

It's hard to quote a price if you don't specify how you would spec the car, but at full MSRP with the Exec Package and the 20' wheels, your payment would be around $1,690. Subtract about $30 for every $1k you can negotiate off of MSRP. This will get you in the ballpark +/- a few bucks.

[koxal]

Originally Posted by AGS

It's hard to quote a price if you don't specify how you would spec the car, but at full MSRP with the Exec Package and the 20' wheels, your payment would be around $1,690. Subtract about $30 for every $1k you can negotiate off of MSRP. This will get you in the ballpark +/- a few bucks.

thanks for info. i believe this number doesn't include any tax and down payments?

i am more trying to get some personal experiences actually..

[AGS]

Originally Posted by koxal

thanks for info. i believe this number doesn't include any tax and down payments?

i am more trying to get some personal experiences actually..

Yes, it includes NJ sales tax and assumes no money is put down.

People can give you their payment level, but honestly it's not that helpful to you unless the car is spec'ed exactly as you would order it and you were able to negotiate the same deal as they got. For example, many people on the board got $1,500 over ED invoice, a deal that is likely not available anymore. These people's payments are likely in the $1,300 to $1,400 range.

[koxal]

Originally Posted by AGS

Yes, it includes NJ sales tax and assumes no money is put down.

People can give you their payment level, but honestly it's not that helpful to you unless the car is spec'ed exactly as you would order it and you were able to negotiate the same deal as they got. For example, many people on the board got $1,500 over ED invoice, a deal that is likely not available anymore. These people's payments are likely in the $1,300 to $1,400 range.

actually you are right about that...
options make a big difference on the msrp and that changes the number big time..

but if anybody can give some specs along with some ~ numbers would be helpful...

[VPM5]

Bmwconfig.com

[koxal]

Originally Posted by VPM5

Bmwconfig.com

thanks, checking right now...

[koxal]

i came up with some numbers thru the bmwconfig but still any input would be appriciated.

[m3tofive]

bump as i have same questions. thanks

[cmhsam]

PM me if you want to get in touch with a great CA. He can hook you up.

[m3tofive]

ok great! thanks. I think I have to wait 24 hours PM since i am a newbie on here

[cmhsam]

Originally Posted by m3tofive

ok great! thanks. I think I have to wait 24 hours PM since i am a newbie on here

Contact Aatir Barlas at Jake Sweeney BMW, abarlas@jakesweeney.com. Tell him you were referred off the boards and he will take care of you.

[Aquariu///M]

got a quote $98,895 msrp, invoice is $91655 = my price $92655 + tax & license

$3317 down & $1413.66 (includes 9% tax )@ 36 months 12k miles

what you guys think? that's $1286 36 months before tax

car only has DCT, executive package and 20" wheels though.. not many options..

I was hoping to get in the $3000 down and $1300 a month range for a more optioned M5.. Possible?

[AGS]

Originally Posted by dukeM3

got a quote $98,895 msrp, invoice is $91655 = my price $92655 + tax & license

$3317 down & $1413.66 (includes 9% tax )@ 36 months 12k miles

what you guys think? that's $1286 36 months before tax

car only has DCT, executive package and 20" wheels though.. not many options..

I was hoping to get in the $3000 down and $1300 a month range for a more optioned M5.. Possible?

$1,000 over invoice is a pretty good deal. I don't think you'll do much better than that. Even if you were able to get $500 over invoice, your payment would only drop by about $15.

[cmhsam]

Originally Posted by AGS

$1,000 over invoice is a pretty good deal. I don't think you'll do much better than that. Even if you were able to get $500 over invoice, your payment would only drop by about $15.

+1. thats a very good deal. only way you will get into that price point you want is to have a dealer sell it for under invoice. prob not going to

[pochesq]

When you say $3k "down" are you referring to a down payment or are you referring to a $3k drive-off, which includes your first payment plus tax, license, etc.? Please remember that there is currently a $1,500 lease incentive by BMW.

This is what I was recently offered:

VEHICLE: 2013 BMW M5 Sedan COLOR: Space Gray Metallic UPHOLSTERY: Black / Black Merino Leather

Index Description MSRP
Base Price $90,200.00
ZDA Driver Assistance Package 1,900.00
ZEC Executive Package 5,500.00
2NZ 20" M Light Alloy Wheels 1,300.00
4CE Anthracite Wood Trim 0.00
Base Price Discount - Pre 1/2013 Inventory -300.00

Estimated Gas Guzzler Tax 1,300.00
Destination and Handling 895.00
TOTAL AS EQUIPPED $100,795.00
SELLING PRICE $94,000.00

Lease Terms
Lender BMW Financial Services
Term 36 Months
Mileage 10,000/year
Money Factor 1.3
Residual Factor 52%

Selling Price $94,000.00

Total Capitalized Cost
$94,000.00

Residual Value $52,413.40
Total Depreciation $41,586.60
Capital Reduction $0.00
Monthly Depreciation $1,155.18
Monthly Rent $190.34

Monthly Payment $1,345.52
Tax (9%) $121.10

Monthly Payment + Tax $1,466.62

License & Registration $747.00
Bank Fee $725.00
Documentation Fee $80.00
First Payment $1,466.62
Security Deposit $0.00

Drive Off $3,091.07

Trade Equity $0.00
Rebate $1,500.00

Due at Signing $1,591.07

[Aquariu///M]

Thats very good deal
Please pm me and share
Mine was a sakhir orange / black

[pochesq]

PM sent. I will give you more information in a separate e-mail with the invoice, etc.

[Aquariu///M]

Was offered invoice right now at dealer
Msrp $104, xxx
Selling price is invoice $96, xxx
Sakhir orange or white..same price

[pochesq]

Originally Posted by dukeM3

Was offered invoice right now at dealer
Msrp $104, xxx
Selling price is invoice $96, xxx
Sakhir orange or white..same price

Duke: What does that mean for you vis-a-vis the lease payments, drive-off, etc.?

[Aquariu///M]

well first months payment and fees drive off and 12k miles 36 months is around $1400 including tax .. not bad for a $104,xxx M5...?s