lease numbers on a 2015 demo

[Micro105]

Came across a 2015 fully loaded m5- with ceramic brakes, B/o, competition package- Singapore grey etc. it has 4.5k miles asking price is around 94k
This is a manufacturers demo. res-$63k

lease quote was around 1100.00 36 mth/10k


7k upfront cost.. is this a good deal?

[sdshah]

Originally Posted by Micro105

Came across a 2016 fully loaded m5- with ceramic brakes, B/o, competition package- Singapore grey etc. it has 4.5k miles asking price is around 94k
This is a manufacturers demo. res-$63k

lease quote was around 1100.00 36 mth/10k


7k upfront cost.. is this a good deal?

Terrible deal. Nothing upfront for 1100 would be good

[momos750]

What other options does it have? What interior option? What's the MSRP?

At most your up front costs should be around 3k. Never put $ down to reduce cap cost on a lease.

[Micro105]

Executive package, ceramic brakes, b/o, black extender Marino leather, drivers assurance plus! Competition package Msrp 118k it's a 2015

[sdshah]

Originally Posted by Micro105

Came across a 2015 fully loaded m5- with ceramic brakes, B/o, competition package- Singapore grey etc. it has 4.5k miles asking price is around 94k
This is a manufacturers demo. res-$63k

lease quote was around 1100.00 36 mth/10k


7k upfront cost.. is this a good deal?

For a 15 demo you basically could get this car for 0 up front around 1k. Otherwise walk away.

[momos750]

Originally Posted by Micro105

Executive package, ceramic brakes, b/o, black extender Marino leather, drivers assurance plus! Competition package Msrp 118k it's a 2015

What money factor will they give you?

[Micro105]

Selling price 93k! Res 63k

NJ tax

[Micro105]

Originally Posted by momos750

What money factor will they give you?

.00175

[vitaly]

Originally Posted by Micro105

.00175

That's marked up, should be .00138. The issue with leasing 2015s, leftover new or demo, is the residual difference between 16 and 15 (demo cars take another $.20 for each mile after 500). I find that completely destroys any advantage over a new 2016, even with the seemingly steep discount from MSRP.

[TrevorM3]

no way. if they give you 0 down.. maybe. 7k up front is way too much.

[momos750]

Here's how your deal pencils out. The residual is low at about 53% and your MF a bit higher than what is offered for new 16's.
Your out of pocket should be about 5k which includes 2900 in upfront sales tax for New Jersey at 7%. Not sure if you can cap the tax or not but that would bring your down payment down.
I think you are better off getting a MY16 as a similar deal can be had with a higher residual and better MF.

[Micro105]

Originally Posted by momos750

Here's how your deal pencils out. The residual is low at about 53% and your MF a bit higher than what is offered for new 16's.
Your out of pocket should be about 5k which includes 2900 in upfront sales tax for New Jersey at 7%. Not sure if you can cap the tax or not but that would bring your down payment down.
I think you are better off getting a MY16 as a similar deal can be had with a higher residual and better MF.

This is good to know, thank you. Will look into an 16 m5!


What's are chances of walking away with paying only the 1st months payment at 1100.00 and nothing else on this vehicle. Any neg. tactics on the 15.

Thanks to all for suggestions.

[momos750]

Originally Posted by Micro105

This is good to know, thank you. Will look into an 16 m5!


What's are chances of walking away with paying only the 1st months payment at 1100.00 and nothing else on this vehicle. Any neg. tactics on the 15.

Thanks to all for suggestions.

I would assume BMWFS will require you to at least pay 1st month, doc fees, and registration (DMV fees).
If you credit is excellent BMWFS may allow you to capitalize the sales tax and acquisition fee.
That question would be better asked to the finance manager as he will have clear picture of your specific situation and can negotiate those terms with BMWFS.

[E90potentialbuyer]

Originally Posted by Micro105

Executive package, ceramic brakes, b/o, black extender Marino leather, drivers assurance plus! Competition package Msrp 118k it's a 2015

118k, 93k cap cost. That's a good buy but the lease numbers are terrible. Probably get a 16.

I would not buy a demo M car after experiencing a test ride with the dealer. No warm up, just kept flirting the gas pedal to show me the noise. Engine still cold and kept revving it high. I won't go near a M car that has any miles on it unless you know and trust the person you are buying from...

[Micro105]

Originally Posted by E90potentialbuyer

118k, 93k cap cost. That's a good buy but the lease numbers are terrible. Probably get a 16.

I would not buy a demo M car after experiencing a test ride with the dealer. No warm up, just kept flirting the gas pedal to show me the noise. Engine still cold and kept revving it high. I won't go near a M car that has any miles on it unless you know and trust the person you are buying from...

From what I recall this vehicle was used as an executive vehicle

[Sal@AUTOcouture]

Sounds like that $7k up front is profit on the deal

[Micro105]

Originally Posted by momos750

I would assume BMWFS will require you to at least pay 1st month, doc fees, and registration (DMV fees).
If you credit is excellent BMWFS may allow you to capitalize the sales tax and acquisition fee.
That question would be better asked to the finance manager as he will have clear picture of your specific situation and can negotiate those terms with BMWFS.

what should i negotiate on a vehicle msrp 132500 selling 122,500
signapore metallic/black merino leather. executive package, competition package, m ceramic brakes, driver assistance package, b/o 2016 model!

[momos750]

Originally Posted by Micro105

what should i negotiate on a vehicle msrp 132500 selling 122,500
signapore metallic/black merino leather. executive package, competition package, m ceramic brakes, driver assistance package, b/o 2016 model!

Well invoice is 120k and change. So anything under that would be good.