My 2015 deal

[infamousq]

MSRP $127,150

Sell $114,555

Monthly lease payment 1482.09 (includes 9% tax)

Money Factor .00190
10K miles a year
62% residual
0 msd's down

Is this a good deal? I could put down the 7 MSD and bring it down to $1378.81 but I am comfortable with the 0 down.

[eleven11]

Without crunching the numbers, that appears to be a pretty solid deal.

Regarding the MSDs, for a 36 month lease, you're talking ~$3600 in your pocket for letting BMW hold ~$10,000 over the period of the lease. Just something to think about.

[///SAL]

Originally Posted by eleven11

Without crunching the numbers, that appears to be a pretty solid deal.

Regarding the MSDs, for a 36 month lease, you're talking ~$3600 in your pocket for letting BMW hold ~$10,000 over the period of the lease. Just something to think about.

+1

look at me im trying sell my lease but nobody wants it because of the 9k up front for msd. And my payment is $1,249 a month for a $120k msrp . I want this car to disappear already lmaoo.

[soooma]

Go for it

[M6-Coupe]

Everything looks good except Money Factor!
The current APR offered by BMW is 3.13% which reflects MF of 0.00130.
The MF 0.0019 has been offered to you means 4.56% APR !!!!
Just keep in mind the difference between MF 0.0013 and 0.0019 for this deal is about $126 per month including tax!!

[variable229]

Originally Posted by infamousq

MSRP $127,150

Sell $114,555

Monthly lease payment 1482.09 (includes 9% tax)

Money Factor .00190
10K miles a year
62% residual
0 msd's down

Is this a good deal? I could put down the 7 MSD and bring it down to $1378.81 but I am comfortable with the 0 down.

Money Factor seems marked up you should be able to get 0.00133 for ED or 0.00130 for non-ED. Each MSD would reduce it more by 0.0007 up to 7 max. The residual looks correct for MY15 for 10K @ 62%

Are you doing ED? You could squeeze more discount off the price otherwise pricing seems decent for non-ED car.

[infamousq]

Originally Posted by ///SAL

+1

look at me im trying sell my lease but nobody wants it because of the 9k up front for msd. And my payment is $1,249 a month for a $120k msrp . I want this car to disappear already lmaoo.

If your car had the color I am ordering I would have kicked down your door to get the car.

Originally Posted by M6-Coupe

Everything looks good except Money Factor!
The current APR offered by BMW is 3.13% which reflects MF of 0.00130.
The MF 0.0019 has been offered to you means 4.56% APR !!!!
Just keep in mind the difference between MF 0.0013 and 0.0019 for this deal is about $126 per month including tax!!

They lowered the MF to .00160 now. I told him once I get back to the States I will come in a discuss the MF then. I am going to fight for 130 or lower before I put down the MSD's

Originally Posted by variable229

Money Factor seems marked up you should be able to get 0.00133 for ED or 0.00130 for non-ED. Each MSD would reduce it more by 0.0007 up to 7 max. The residual looks correct for MY15 for 10K @ 62%

Are you doing ED? You could squeeze more discount off the price otherwise pricing seems decent for non-ED car.

I will try to lower the price on everything once I get the numbers. Right now all I have it the total car price not the individual price on the items. I was also told the CCB are not a free maintenance item after I had dropped them from my build.

[///SAL]

Originally Posted by infamousq

If your car had the color I am ordering I would have kicked down your door to get the car.

They lowered the MF to .00160 now. I told him once I get back to the States I will come in a discuss the MF then. I am going to fight for 130 or lower before I put down the MSD's

I will try to lower the price on everything once I get the numbers. Right now all I have it the total car price not the individual price on the items. I was also told the CCB are not a free maintenance item after I had dropped them from my build.

[cloud8r]

Originally Posted by eleven11

Without crunching the numbers, that appears to be a pretty solid deal.

Regarding the MSDs, for a 36 month lease, you're talking ~$3600 in your pocket for letting BMW hold ~$10,000 over the period of the lease. Just something to think about.

Wouldn't that be a 36% ROI? Definitely worth it! Where else can you be 100% assured of that type of return? Tell me if you know, I'd love to jump on it

[cloud8r]

Originally Posted by infamousq

MSRP $127,150

Sell $114,555

Monthly lease payment 1482.09 (includes 9% tax)

Money Factor .00190
10K miles a year
62% residual
0 msd's down

Is this a good deal? I could put down the 7 MSD and bring it down to $1378.81 but I am comfortable with the 0 down.

Crunching your numbers a bit and something seems off. For those 1482.09 payments (at 9% tax, .0019 MF/no msd, 62% res, 36 mo) the net cap cost (final price of the car) would have to be $98,762, which means you would need to put 16,618 down (down payment, not msd). You'll want to make sure they're not expecting a down payment for that deal.

[infamousq]

Originally Posted by ramyar

Crunching your numbers a bit and something seems off. For those 1482.09 payments (at 9% tax, .0019 MF/no msd, 62% res, 36 mo) the net cap cost (final price of the car) would have to be $98,762, which means you would need to put 16,618 down (down payment, not msd). You'll want to make sure they're not expecting a down payment for that deal.

So I talked to another dealer and my "new" rates are

MSRP $117K

Sell $108K

Monthly lease payment 1317.00(includes 9% tax)

Money Factor .00130
10K miles a year
62% residual
0 msd's down

I am going to go with that. I was going to do the Carbon Fiber trim but it is $3025 from factory and $2k from the dealer afterwards. So I will order it afterwards but I could not say no to those payments and I will be putting MSD down to get a lower price!!!

[///SAL]

Originally Posted by infamousq

So I talked to another dealer and my "new" rates are

MSRP $117K

Sell $108K

Monthly lease payment 1317.00(includes 9% tax)

Money Factor .00130
10K miles a year
62% residual
0 msd's down

I am going to go with that. I was going to do the Carbon Fiber trim but it is $3025 from factory and $2k from the dealer afterwards. So I will order it afterwards but I could not say no to those payments and I will be putting MSD down to get a lower price!!!

Dont do the msd if you change your mind in long run and you wanna give up the lease its gonna be hard. Thats coming from someone that had a hard time to find someone take over lease on a fully loaded m5 for a cheap payment.

[PhilT3]

Originally Posted by ///SAL

Dont do the msd if you change your mind in long run and you wanna give up the lease its gonna be hard. Thats coming from someone that had a hard time to find someone take over lease on a fully loaded m5 for a cheap payment.

Sal is right...BUT ONLY if you cannot make a commitment. Leasing is great for for people who can commit to the car for the life of the term. Otherwise it's a real pain in the ass as Sal found out.
If you are the kind of person who may get bored or change your mind, etc... You should def not lease. To me it's a lot of work and time and possibly needlessly wasted $$$ to get out of a lease contract early.
Just my opinion.
BUT.... Of you do lease and can commit... MSD's are a GREAT return on your money and if you have it, it's a great way to have your money work for you.

[variable229]

Originally Posted by infamousq

So I talked to another dealer and my "new" rates are

MSRP $117K

Sell $108K

Monthly lease payment 1317.00(includes 9% tax)

Money Factor .00130
10K miles a year
62% residual
0 msd's down

I am going to go with that. I was going to do the Carbon Fiber trim but it is $3025 from factory and $2k from the dealer afterwards. So I will order it afterwards but I could not say no to those payments and I will be putting MSD down to get a lower price!!!

If you are leasing don't you have to return the trim back to stock?

[infamousq]

Originally Posted by ///SAL

Don't do the msd if you change your mind in long run and you wanna give up the lease its gonna be hard. That's coming from someone that had a hard time to find someone take over lease on a fully loaded m5 for a cheap payment.

I agree with you on that. I love cars and love to change them so I most likely will not do the MSD's in case the Next Gen M5 is 10x better. I kinda doubt it tho.....

Originally Posted by PhilT3

Sal is right...BUT ONLY if you cannot make a commitment. Leasing is great for for people who can commit to the car for the life of the term. Otherwise it's a real pain in the ass as Sal found out.
If you are the kind of person who may get bored or change your mind, etc... You should def not lease. To me it's a lot of work and time and possibly needlessly wasted $$$ to get out of a lease contract early.
Just my opinion.
BUT.... Of you do lease and can commit... MSD's are a GREAT return on your money and if you have it, it's a great way to have your money work for you.

I do feel I can commit to the car since the lease will be up Jan of 2018 and I should know if the next Gen M5 will be worth it or not.

Originally Posted by variable229

If you are leasing don't you have to return the trim back to stock?

I am not sure if I do have to. If I do then I will return it to stock and sell the "extras".

[cloud8r]

Originally Posted by infamousq

So I talked to another dealer and my "new" rates are

MSRP $117K

Sell $108K

Monthly lease payment 1317.00(includes 9% tax)

Money Factor .00130
10K miles a year
62% residual
0 msd's down

I am going to go with that. I was going to do the Carbon Fiber trim but it is $3025 from factory and $2k from the dealer afterwards. So I will order it afterwards but I could not say no to those payments and I will be putting MSD down to get a lower price!!!

Ok, redid the math on this and it looks good (I think I goofed earlier ). But you might be able to get him to come down even more on the sell $$. I've seen as low as 103K for a 117K msrp.

[twelve535i]

How do multiple security deposits work?
Is that something the dealer throws as a suggestion to you to bring the price down or are you getting a price and then offering to put MSD?

[M6-Coupe]

Originally Posted by twelve535i

How do multiple security deposits work?
Is that something the dealer throws as a suggestion to you to bring the price down or are you getting a price and then offering to put MSD?

Each MSD (Multiple Security Deposit) reduces the Money Factor by 0.00007 and for total of 7MSD you can put(to reduce Money Factor by 0.00049) as security deposit and will be returned to you at the end of lease. The amount of each security deposit is the rounded monthly payment to next $50. For example if your monthly payment is $1170, then each security deposit is $1200, and if your monthly payment is $1130, then your security deposit is $1150! Having said that, based on the number of security deposits you would like to put, they reduce the money factor from the original MF and then calculate your monthly payment.

[persian54]

Originally Posted by infamousq

So I talked to another dealer and my "new" rates are

MSRP $117K

Sell $108K

Monthly lease payment 1317.00(includes 9% tax)

Money Factor .00130
10K miles a year
62% residual
0 msd's down

I am going to go with that. I was going to do the Carbon Fiber trim but it is $3025 from factory and $2k from the dealer afterwards. So I will order it afterwards but I could not say no to those payments and I will be putting MSD down to get a lower price!!!

What was your drive off? 0?

[infamousq]

Originally Posted by ramyar

Ok, redid the math on this and it looks good (I think I goofed earlier ). But you might be able to get him to come down even more on the sell $$. I've seen as low as 103K for a 117K msrp.

Originally Posted by persian54

What was your drive off? 0?

So I have new deal

MSRP 124150
Sale 108935
.0016 mf
$2100 drive off
$1294

With MSD the payment is $1194 ($8400 for MSDs).

I was also told I could add the CCB's for $50 more. I said no at first but now I kinda want to!

[Mr_M5Guy]

Originally Posted by infamousq

So I have new deal

MSRP 124150
Sale 108935
.0016 mf
$2100 drive off
$1294

With MSD the payment is $1194 ($8400 for MSDs).

I was also told I could add the CCB's for $50 more. I said no at first but now I kinda want to!

I think money factor should be. 0013. Unless your are doing ED.

[PhilT3]

Originally Posted by flaury23

I think money factor should be. 0013. Unless your are doing ED.

He's doin ED. The ONLY way to pick up an M!