Lease Help BMW M5

[krisnetaji]

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.

[Tylerstar]

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.

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.

[mwlmd]

What's with all the Lexus'?

[NlckyBlack]

There are used models with less than 3-4k miles floating around for sale for around 80k already.

[avlnch]

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.

There are some incentives, but I think some might expire early March.
$3500 Holiday Cash
$750 Loyalty Cash
$700 Drive App
$1000 BMW CCA (if you are a member; must be done separately)

My MSRP was $127,xxx and two year $2,5xx or three year $2,0xx.
My MF was .00180 but that was in January or February. I think my Residual was 56% for 24mo.. looks like it went up some, but still not great. Maybe after you complete a credit app, BMW FS will give a better figure?

My last lease, it was cheaper to do 24/10k and pay out the over mileage ahead of end of term. Strange, right?

Here in South FL, there are a ton of M5's sitting at dealer lots.. a lot are fully loaded and some are even Individal (paint only). Have you seen the same at your local dealers? I would just call around some more.. someone with a lot of inventory will give you a good deal. The incentives will help a lot.. but as I said I think some expired early March (probably holiday cash). So, look into that quickly.

Sorry I don't have more info. I dont have March numbers but I think your MF is defiantly high.. Your $2,355 a month should be a bit lower.. and if you do three years you should be somewhere under $1,800? I got prices a while ago on a fully loaded standard M5 and it was close to your MSRP if I remember correctly (~109). I'll try to find the numbers.

For 2014 M/Y, you would be taking delivery around September. If you wait, you will be getting the LCI (updated heads and tails.. maybe updated iDrive controller).

[NlckyBlack]

What are the advantages of getting it from a leasing company vs a dealer. A local leasing company quoted me 1390 a month, 10k per year on a 36 month lease with about 3000 cap cost reduction. msrp of the car was about 104k