Brand new vs year or older

[freezey]

Hey so question for the people on the forum. How many people buy/lease the brand new M5's vs buying one that's maybe a year or two old with low mileage?

I have always leased these guys brand new(M3's) so i assume it's no different but I notice the price difference between a year old vs current year and it's rather significant.

[M6-Coupe]

Depreciation on M5 is crazy. If you want to lease it, there is no choice other than new but if you want to buy it, 20-30k saving is good enough to go for used one with low mileage; however you can get a great deal at right time with 10-15k off MSRP on new one too...You might find a 2015 model sitting on dealer's lot waiting for big discount now

[freezey]

Originally Posted by M6-Coupe

Depreciation on M5 is crazy. If you want to lease it, there is no choice other than new but if you want to buy it, 20-30k saving is good enough to go for used one with low mileage; however you can get a great deal at right time with 10-15k off MSRP on new one too...You might find a 2015 model sitting on dealer's lot waiting for big discount now

Yeah I found a few 2015's they are willing to lease out still which I may make a move on. Just trying to see the general selection on these beasts.

[cassidysdad]

i agree get a 2015
there are a ton of them

[omegaSMP300]

CPO low mileage m5 with the highest msrp you can find for the win.

[freezey]

Originally Posted by omegaSMP300

CPO low mileage m5 with the highest msrp you can find for the win.

Shouldn't this be the lowest msrp

[ARKONE]

Originally Posted by freezey

Shouldn't this be the lowest msrp

Highest MSRP is correct. What he's trying to say is you can get a $110k MSRP M5 for almost the same price as a base $95k MSRP M5...

[SF_DCT]

Freezey, not sure where you are, but if you're willing to go out of state, here are a few 2015s where the dealers will discount. When I was looking last month, I talked to all of these dealers, but ended up passing due to spec and pricing. Pricing was close, and a few have reached out to me again asking if I was still interested. They are probably willing to go lower.

http://www.bmwofelpaso.com/new/BMW/2...23f882e1bd.htm

http://www.bmwofbakersfield.com/new/...edeb853a52.htm

http://www.bmwofbeverlyhills.com/new...74381a4365.htm

http://www.bmwoforlandpark.com/new-C...FV9C53FD594858

[freezey]

Originally Posted by SF_DCT

Freezey, not sure where you are, but if you're willing to go out of state, here are a few 2015s where the dealers will discount. When I was looking last month, I talked to all of these dealers, but ended up passing due to spec and pricing. Pricing was close, and a few have reached out to me again asking if I was still interested. They are probably willing to go lower.

http://www.bmwofelpaso.com/new/BMW/2...23f882e1bd.htm

http://www.bmwofbakersfield.com/new/...edeb853a52.htm

http://www.bmwofbeverlyhills.com/new...74381a4365.htm

http://www.bmwoforlandpark.com/new-C...FV9C53FD594858

Cool some look pretty good. I am still stuck on getting one in stick which is what I am after.

[Ex_Stig]

I don't think you are going to find a manual transmission M5 just sitting on a lot. Dealers don't really order them unless they have a customer that is specing the car.

Gonna be tough to buy a used one too. I can't imagine that there are a lot of manuals around.

[freezey]

Originally Posted by GNALUZU

I don't think you are going to find a manual transmission M5 just sitting on a lot. Dealers don't really order them unless they have a customer that is specing the car.

Gonna be tough to buy a used one too. I can't imagine that there are a lot of manuals around.

yeah this is turning out to be very difficult.

[bmwmblue]

Yeah, I went through pretty much all the BMW dealerships in the country when I was buying my 6-speed this summer. Just went through the bookmarks I saved, they are all gone.

[freezey]

Originally Posted by bmwmblue

Yeah, I went through pretty much all the BMW dealerships in the country when I was buying my 6-speed this summer. Just went through the bookmarks I saved, they are all gone.

You have the M5 in manual?

[M6-Coupe]

Originally Posted by freezey

You have the M5 in manual?

6 speed is manual. 7 speed is DCT

[freezey]

Originally Posted by M6-Coupe

6 speed is manual. 7 speed is DCT

Correct

[freezey]

So I guess I am still curious what most on this forum do. We are talking about a 100k+ car so I just wonder if it's more personal preference or is there one side that more people here are on (lease vs buy vs cpo

[shellbmb]

Lease here and I'm glad I did as I'll be ready to move on when my lease is up. And there are a bunch of used M5's out there so I'll be glad I won't have to hassle with trying to sell it in a buyer's market.

But there's no right/wrong answer when it comes to lease/buy. I look at every situation differently. How long do you keep the cars? Are mileage restrictions an issue? I always try to find used/CPO first, but it's hard to find what you want. Kind of like real estate as there is always a compromise.

If you are looking at a manual, you might consider leasing as trying to unload a manual M5 might be tough unless you find the right buyer. I have never driven the manual, but I've read that it's not suited for the M5 and even a manual owner on here regrets getting the manual. But to each their own. I'm personally looking for a manual 911 in a sea of PDK's!

Plus, if the new m5 comes out in 3-4 years, value will drop even more. So leasing might shield you a little bit. Plus you can always buy it at lease end if you end up really liking the car.

Regardless of lease/buy, always try to negotiate price and then if you lease, negotiate the MF down to base rate. Then consider putting MSD's down.

[freezey]

Originally Posted by shellbmb

Lease here and I'm glad I did as I'll be ready to move on when my lease is up. And there are a bunch of used M5's out there so I'll be glad I won't have to hassle with trying to sell it in a buyer's market.

But there's no right/wrong answer when it comes to lease/buy. I look at every situation differently. How long do you keep the cars? Are mileage restrictions an issue? I always try to find used/CPO first, but it's hard to find what you want. Kind of like real estate as there is always a compromise.

If you are looking at a manual, you might consider leasing as trying to unload a manual M5 might be tough unless you find the right buyer. I have never driven the manual, but I've read that it's not suited for the M5 and even a manual owner on here regrets getting the manual. But to each their own. I'm personally looking for a manual 911 in a sea of PDK's!

Plus, if the new m5 comes out in 3-4 years, value will drop even more. So leasing might shield you a little bit. Plus you can always buy it at lease end if you end up really liking the car.

Regardless of lease/buy, always try to negotiate price and then if you lease, negotiate the MF down to base rate. Then consider putting MSD's down.

Yeah makes sense. It's the same thing I do with all the previous gen M3's and now my new F80. Just got to the point of needed more room.

I want to wait for the new body M5 but I am rather impatient which is never a good thing.

[///Mpower///]

I considered both choices. Ended up buying a 2 yr old M5 with 15k miles, all the options I wanted, plus extended warranty, so she's covered until 2019 or 100k miles.

This made the most sense for me. Leasing is a zero sum game, plus you'll always be stressing over the miles.

And yes, I know, you shell out less money up front for a lease, but the equity you'll have if you buy (over a similar term) will usually balance out. ...and you won't be counting miles.

Just my 2 cents.

[SteveC]

Trade your car one month before end of lease and miles are a non-issue