Hello everyone! Quick adivce on a lease

Taxman · 01-14-2014, 12:30 PM

Hello everyone!

Long time lurker and a much longer M5 fan. I have never had an MSeries, First car was a E60 535xi now I'm in a F10 550xi Msport with Dinan Stage 2.
But I'm getting ready to pull the trigger on a '14 M5 with MCB Silverstone interior Driver Assist, Executive, Competition package with 601 Wheels. I'm doing my first European Delivery which according to this board is the only way to do it.

Was wondering what are you opinions on this lease deal i received
58% Residual
0.00111 MF with MSD
Invoice of 96,442
Monthly payment of 1080 + Tax

B-1Pilot · 01-14-2014, 12:36 PM

congrats! sounds like a great build. need more info though...

how many miles per year, how many MSDs are you doing?

$96.4 sounds pretty close to $1000 over invoice (mental math in my head, working back from my car), so that sounds like a pretty good deal.

Taxman · 01-14-2014, 12:51 PM

Hey B1-Pilot saw your ED post which inspired me to do my very own ED :P

I'm doing 7MSD with 10K miles per year since my job is only about 3 miles away from home dont think i need more but if i do ill purchase some miles in advance :P

B-1Pilot · 01-14-2014, 01:22 PM

ok then.. your residual sounds right for the miles then (and is awesome compared to what I got).

as for MSDs... 7 should give you .00049 off of the rate... the base rate for 2013-14 used to be .00127. Then they add a .00030 for ED.. so your rate should be .00108 I believe, unless the base rate has changed -- my dealer's F&I guy tried to pull a fast one on me here too, so make sure you've got the lowest price too.

Finally, I would seriously, seriously consider adding LED lights... I have xenons on my 13 335 and LEDs on the M5... both a great, but the adaptive LEDs when fully coded are one of the best pieces of the technology on the car!

Glad my ED report helped! I was just paying it forward from the great ones I've read from other members here... make sure you do the same.

DrewM5 · 01-14-2014, 01:39 PM

$96,400 seems way off for invoice on this car. Base is $92,900; add $5,500 for Executive Package, $1,900 for the Drivers Assistance and $7,300 for the CP and you get an invoice of $107,600. And that is without the $1300 gas guzzler tax and the $975 destination charge.

kokopuffs405 · 01-14-2014, 01:45 PM

Base Rate is now .00130

WCH · 01-14-2014, 01:46 PM

Don't forget the OP is doing ED

B-1Pilot · 01-14-2014, 01:51 PM

Quote:

Originally Posted by kokopuffs405

Base Rate is now .00130

so with ED invoice including guzzler and destination I show him right at $2000 above invoice. With new base rate sounds like his numbers check out!

Taxman · 01-14-2014, 02:02 PM

LED lights really that good ? Saw a video on them and all it seems to do is turn your high beams on or off. Adjust the angle etc.. i don't know.. I'm sort of on a "Budget" but then again i got everything else whats another 1,900.00... But i think ill pass just doesn't seem worth it to me just like the B&O sound system but i maybe wrong.

Taxman · 01-14-2014, 02:04 PM

So i guess my Money Factor checks out!

Now all i have to do is wait till July.....

WCH · 01-14-2014, 09:40 PM

Why July? Is that when your dealer has an allocation or is that when you are available to go to Germany?

Taxman · 01-15-2014, 08:15 AM

I'm getting married in July in Poland and picking up the car after

GOLFFRR · 01-15-2014, 09:25 AM

^^great wedding present!

WCH · 01-15-2014, 10:03 AM

Quote:

Originally Posted by Taxman

I'm getting married in July in Poland and picking up the car after

Congratulations!

M5KRZI · 01-15-2014, 04:01 PM

awesome build, congrats! do it! i too was on the fence about the LED's, but i pulled the trigger to get them on my build. you've got several months to worry about the fine details of your deal and by July there might be a few more loyalty sweeteners from BMW FS with the summer sales...

RealStig · 01-30-2014, 09:25 PM

Quote:

Originally Posted by B-1 Pilot

ok then.. your residual sounds right for the miles then (and is awesome compared to what I got).

as for MSDs... 7 should give you .00049 off of the rate... the base rate for 2013-14 used to be .00127. Then they add a .00030 for ED.. so your rate should be .00108 I believe, unless the base rate has changed -- my dealer's F&I guy tried to pull a fast one on me here too, so make sure you've got the lowest price too.

Finally, I would seriously, seriously consider adding LED lights... I have xenons on my 13 335 and LEDs on the M5... both a great, but the adaptive LEDs when fully coded are one of the best pieces of the technology on the car!

Glad my ED report helped! I was just paying it forward from the great ones I've read from other members here... make sure you do the same.

Can you elaborate more? What do you mean by "fully coded"? How does LED lights differ from xenons with and without being fully coded?

B-1Pilot · 01-30-2014, 09:42 PM

Quote:

Originally Posted by RealStig

Quote:

Originally Posted by B-1 Pilot

ok then.. your residual sounds right for the miles then (and is awesome compared to what I got).

as for MSDs... 7 should give you .00049 off of the rate... the base rate for 2013-14 used to be .00127. Then they add a .00030 for ED.. so your rate should be .00108 I believe, unless the base rate has changed -- my dealer's F&I guy tried to pull a fast one on me here too, so make sure you've got the lowest price too.

Finally, I would seriously, seriously consider adding LED lights... I have xenons on my 13 335 and LEDs on the M5... both a great, but the adaptive LEDs when fully coded are one of the best pieces of the technology on the car!

Glad my ED report helped! I was just paying it forward from the great ones I've read from other members here... make sure you do the same.

Can you elaborate more? What do you mean by "fully coded"? How does LED lights differ from xenons with and without being fully coded?

Read this thread...

Need owner with European 2014 LCI with the LED Headlights

http://f10.m5post.com/forums/showthread.php?t=906883

Taxman · 02-10-2014, 03:38 PM

Approved for a July 28th Pick Up Date

01-14-2014, 12:30 PM	#1
Taxman New Member 0 Rep 19 Posts Drives: 550xi Join Date: Jan 2014 Location: New York iTrader: (0)	Hello everyone! Quick adivce on a lease Hello everyone! Long time lurker and a much longer M5 fan. I have never had an MSeries, First car was a E60 535xi now I'm in a F10 550xi Msport with Dinan Stage 2. But I'm getting ready to pull the trigger on a '14 M5 with MCB Silverstone interior Driver Assist, Executive, Competition package with 601 Wheels. I'm doing my first European Delivery which according to this board is the only way to do it. Was wondering what are you opinions on this lease deal i received 58% Residual 0.00111 MF with MSD Invoice of 96,442 Monthly payment of 1080 + Tax
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01-14-2014, 12:36 PM	#2
B-1Pilot Yankee Air Pirate 151 Rep 978 Posts Drives: '14 M5 w/CP Join Date: Aug 2012 Location: In a Hot Place iTrader: (0)	congrats! sounds like a great build. need more info though... how many miles per year, how many MSDs are you doing? $96.4 sounds pretty close to $1000 over invoice (mental math in my head, working back from my car), so that sounds like a pretty good deal. __________________ 2020 ///M5 \|\| 2019 540XI \|\| 2014 ///M5 w/CP \|\| My Epic ED trip report\|\| \|\| 2009 BMW R1200RT
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01-14-2014, 12:51 PM	#3
Taxman New Member 0 Rep 19 Posts Drives: 550xi Join Date: Jan 2014 Location: New York iTrader: (0)	Hey B1-Pilot saw your ED post which inspired me to do my very own ED :P I'm doing 7MSD with 10K miles per year since my job is only about 3 miles away from home dont think i need more but if i do ill purchase some miles in advance :P
	Appreciate 0 Quote

01-14-2014, 01:22 PM	#4
B-1Pilot Yankee Air Pirate 151 Rep 978 Posts Drives: '14 M5 w/CP Join Date: Aug 2012 Location: In a Hot Place iTrader: (0)	ok then.. your residual sounds right for the miles then (and is awesome compared to what I got). as for MSDs... 7 should give you .00049 off of the rate... the base rate for 2013-14 used to be .00127. Then they add a .00030 for ED.. so your rate should be .00108 I believe, unless the base rate has changed -- my dealer's F&I guy tried to pull a fast one on me here too, so make sure you've got the lowest price too. Finally, I would seriously, seriously consider adding LED lights... I have xenons on my 13 335 and LEDs on the M5... both a great, but the adaptive LEDs when fully coded are one of the best pieces of the technology on the car! Glad my ED report helped! I was just paying it forward from the great ones I've read from other members here... make sure you do the same. __________________ 2020 ///M5 \|\| 2019 540XI \|\| 2014 ///M5 w/CP \|\| My Epic ED trip report\|\| \|\| 2009 BMW R1200RT
	Appreciate 0 Quote

01-14-2014, 01:39 PM	#5
DrewM5 Captain 53 Rep 739 Posts Drives: SG E60 M5 Join Date: Sep 2012 Location: New York iTrader: (0)	$96,400 seems way off for invoice on this car. Base is $92,900; add $5,500 for Executive Package, $1,900 for the Drivers Assistance and $7,300 for the CP and you get an invoice of $107,600. And that is without the $1300 gas guzzler tax and the $975 destination charge. __________________ 2014 M5 Competition\|Space Grey\|Black Merino Full Leather\|Anthracite Trim\|Executive package\|LED Lighting Package\|Drivers's Assit Package\|B&O Sound System\|Bel STiR Plus 9500ci\|IND Side Markers and Side Vents\|Exhaustmeister\|HRE P101 Satin Charcoal/Michelin PSS (Summer)\|601/Pirelli Sottozero Serie II (Winter)\|Coded by V12
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01-14-2014, 01:45 PM	#6
kokopuffs405 Yup 104 Rep 699 Posts Drives: BMW? Join Date: Apr 2010 Location: Maryland iTrader: (10) Garage List 2014 BMW M5 [0.00]	Base Rate is now .00130 __________________ Oh hello
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01-14-2014, 01:46 PM	#7
WCH Lieutenant Colonel 347 Rep 1,844 Posts Drives: '20 M8C convertible Join Date: Nov 2006 Location: Boston iTrader: (8) Garage List 2022 Porsche Cayenn ... [0.00] 2020 BMW M8C [0.00] 2017 Porsche Macan GTS [0.00]	Don't forget the OP is doing ED
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01-14-2014, 02:02 PM	#9
Taxman New Member 0 Rep 19 Posts Drives: 550xi Join Date: Jan 2014 Location: New York iTrader: (0)	LED lights really that good ? Saw a video on them and all it seems to do is turn your high beams on or off. Adjust the angle etc.. i don't know.. I'm sort of on a "Budget" but then again i got everything else whats another 1,900.00... But i think ill pass just doesn't seem worth it to me just like the B&O sound system but i maybe wrong.
	Appreciate 0 Quote

01-14-2014, 02:04 PM	#10
Taxman New Member 0 Rep 19 Posts Drives: 550xi Join Date: Jan 2014 Location: New York iTrader: (0)	So i guess my Money Factor checks out! Now all i have to do is wait till July.....
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01-14-2014, 09:40 PM	#11
WCH Lieutenant Colonel 347 Rep 1,844 Posts Drives: '20 M8C convertible Join Date: Nov 2006 Location: Boston iTrader: (8) Garage List 2022 Porsche Cayenn ... [0.00] 2020 BMW M8C [0.00] 2017 Porsche Macan GTS [0.00]	Why July? Is that when your dealer has an allocation or is that when you are available to go to Germany?
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01-15-2014, 08:15 AM	#12
Taxman New Member 0 Rep 19 Posts Drives: 550xi Join Date: Jan 2014 Location: New York iTrader: (0)	I'm getting married in July in Poland and picking up the car after
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01-15-2014, 09:25 AM	#13
GOLFFRR 10796 Rep 27,588 Posts Drives: GOLFFRR cart Join Date: Mar 2009 Location: we sell BMWs to "ALL" US states iTrader: (4)	^^great wedding present! __________________ BEFORE YOU BUY YOUR NEXT BMW, EMAIL OUR GUY KOTE FIRST! Kote M Sales:Kotem@bmwofcamarillo.com Cell:805-368-9101 vipfinance@bmwofcamarillo.com for warranties!
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01-15-2014, 04:01 PM	#15
M5KRZI Private First Class 8 Rep 107 Posts Drives: 2004 E46 M - Retired Join Date: Nov 2013 Location: New York, NY iTrader: (0)	awesome build, congrats! do it! i too was on the fence about the LED's, but i pulled the trigger to get them on my build. you've got several months to worry about the fine details of your deal and by July there might be a few more loyalty sweeteners from BMW FS with the summer sales... __________________ I drive an M5!
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02-10-2014, 03:38 PM	#18
Taxman New Member 0 Rep 19 Posts Drives: 550xi Join Date: Jan 2014 Location: New York iTrader: (0)	Approved for a July 28th Pick Up Date
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