Lease End Options

[Mbdurham17]

So my lease is up in November and have been trying to decide what to do. Long read sorry but was talking it through to myself lol

Over the years I have had a very wide variety of cars (over 30) and my M5 (2014 CP 46500 miles) is the longest I have kept anything (36 months) and i am still struggling to find something i like better and is still practical for me as a daily driver and still do all the things I need. 2 seater or 2 door car is out since we have a 5 &7 year old and another on the way. The wife doesn't care at all about cars she currently has a 2015 Camry thats paid for which we are about to trade in on her choice of an SUV (buick enclave) but i want something we can all fit in when needed or I want to take mine but i still enjoy driving daily while trying not to increase our current budget any more than I have to

I have been all over the board as far as whats next, yukon denali, RRSSC, GMC 1500 Denali, Escalade, AMG c63S, RS7 CTSV, M3 X5M or buy my M5 at lease end and wait for the next generation.

All things considered as far as performance, luxury looks, cost and my enjoyment it looks like I am going to stay with BMW since nothing else has really peaked my interest and I said "gotta have it" Also I can get a better deal with my current lease and or trade with the pull ahead program.


So I was in for service today and had an appointment with the sales guy to discuss my options and here is where i am with out negotiation of any kind

I could keep my M5 (car is immaculate no dents dings scratches etc other than a few rock chips) and finance at lease end but with 61k residual then CPO for the warranty id be financing $65k then $2500 out of pocket which puts the payment at $1268 for 60mo $1555 for 48mo or $2035 for 36mo (current lease payment with taxes is $1750 which sux I know but i traded in a 550 i had just leased and didn't care at the time because i wanted the M5 so bad) i will need to replace tires soon if i keep it but if I trade for another BMW they will overlook it however if i just turn it in id get dinged I'm sure. they will also waive the mileage overage if trade.

M3CP 2017 (my build loaded except CCB would be here mid october) MSRP $83845-$4192 discount then add in all the other BS for a total Net price of $82510 with $2500 down 36 month lease 15k miles 57% residual $1268 per month all in taxes etc.

I had never driven or sat in one until today and drove a loaded 16 (non CP). I was actually very impressed. The sound didn't bother me and it was very quick and nimble (felt as quick as my M5 to 80-100). I think I would enjoy daily driving it. I like the smaller size and the back seat seemed to have just as much room as my M5. I would definitely miss some of the luxury of my M5 however but overall was impressed but still didn't have that OMG i gotta have this this now feeling i did with my M5 and also a little worried its too flashy and not understated like the m5 for my age 41

2017 X5M (my build pretty much loaded but B&O) would be here end of september) MSRP $109395-discount$5474 discount then add in all the other BS for a total Net price of $10686 with $2500 down 36 month lease 15k miles 54% residual $1749 per month all in taxes etc.

I have never driven or sat an x5M nor an X5 until today. I drove the closest thing they had xDrive 50i Msport which wasnt close at all lol but gave ma a general idea of space size driving position etc. I can't find an X5M anywhere near me to drive but pretty much the same as my M5 as far as luxury power etc and i believe it would like it other than the size and from all of the reviews i read on this board of members who have done the same move and say its a beast. Just don't know if it makes sense to two SUV's as I am sure 95% of the time we will be in my wifes when were all together since etc seats etc will all be in there already.

2016 M5 thought of this after this since the residuals are like 67% and the lease would be about the same as the M3 i would get basically the same build but add full leather and maybe B&O with different colors so it would seem like a different car :thump: but this would probably be silly

Recap
2017 M3 $2500 down $1268mo 36 mo lease
2017 X5M $2500 down $1749mo 36 mo lease
2016 M5 $2500 down $1350mo 36 mo lease
2014 M5 $2500 down $1555mo 48 mo finance plus $2500 for tires good detail job etc to refresh it

In typing this it seems like the logical choice is the M3 since i could lease it and and finance my wifes enclave for roughly what my M5 lease payment is now and still have something fun for me and different enough for me with enough room for the family and await the next generation M5 with fingers crossed

Thoughts from anyone would be appreciated just don't want to pull the trigger and regret it!

Thanks

[TrevorM3]

1700 a month for a bmw is atrocious. I would never.


If u want a 2016 laguna seca blue m5 with red interior PM me. Its at VPC. Lease could be had for less than 1130 a month. PM me.

[Hirenarora]

I am in the boat as you bud. My 2014 SO lease will over in Nov. i wanted something luxurious and fast. I bought a 2015 F150 in jan and loved it. Went to the dealer for a trade to get in 2016 f150 limited and ordered it so it can arrive before dec. I see you had 1500 denali as an options. I must tell to give F150 a shot. Its a V6 ecoboost and makes around 365hp with 420lb tourqe.

[Hirenarora]

I personally think you are quoted very high on 2016 M5. The residual is around 67%. I have seen people here got it for under 1k

[13M5F10]

If it were me, with the high residuals, I would jump right back into a 2016 M5. Definitely shop around, I've seen some guys get under 1000 as high as 1200.

Blue with Sakhir Orange interior.

[Mbdurham17]

Originally Posted by Hirenarora

I am in the boat as you bud. My 2014 SO lease will over in Nov. i wanted something luxurious and fast. I bought a 2015 F150 in jan and loved it. Went to the dealer for a trade to get in 2016 f150 limited and ordered it so it can arrive before dec. I see you had 1500 denali as an options. I must tell to give F150 a shot. Its a V6 ecoboost and makes around 365hp with 420lb tourqe.

Lol yea I looked at the F150 as well very nice truck but for the money I couldn't justify it.

[Mbdurham17]

Yeah my local dealer in Nashville is a little off here is what he just sent me

[MCarsFan]

I would shop around for another 16 M5 fully loaded. At 67% residual that payment sounds off. Seriously I would get shopping. This is the machine.

[Hirenarora]

This should have been your payment with zero. Which is still too high

[Mbdurham17]

Originally Posted by MCarsFan

I would shop around for another 16 M5 fully loaded. At 67% residual that payment sounds off. Seriously I would get shopping. This is the machine.

Yea he's showing the residual at 57 for 36 month 15k

[Hirenarora]

TrevorM3 responded with a laguna seca M5 for 1160. Awesome payment imo. The color itself is 5k

[Mbdurham17]

Can anyone confirm what the residual is on a 36 month 15k for a 2016?

[Hirenarora]

64%

[Hirenarora]

Your dealer cannot make up a residual. Its set by BMW

[Mbdurham17]

Originally Posted by Hirenarora

64%

Perfect thanks my dealer is way off either they are trying to screw me or just ignorant

[Hirenarora]

Originally Posted by Mbdurham17

Perfect thanks my dealer is way off either they are trying to screw me or just ignorant

Their MF seems high. With 57% residual and zero down your payment is at 1677. Get a M5 from Greg poland (pacific Bmw) or David aviles from stevethomas BMW. Very fair no BS guys

[Hirenarora]

Originally Posted by Mbdurham17

Perfect thanks my dealer is way off either they are trying to screw me or just ignorant

Your post is making me cancel f150 order and get in another M5

[Msmall143]

just turn it in and go to the m3 section and take over a lease for like $800 a month.

FYI...youre dealing is screwing you on those quotes. as i repeat customer you should call them out on it.

[Mbdurham17]

Originally Posted by Msmall143

just turn it in and go to the m3 section and take over a lease for like $800 a month.

FYI...youre dealing is screwing you on those quotes. as i repeat customer you should call them out on it.

Yea I think so as well he sent me another one and said he corrected it and dropped the payment $30 lol

[Hirenarora]

Originally Posted by Mbdurham17

Yea I think so as well he sent me another one and said he corrected it and dropped the payment $30 lol

Did you not confront him about the residual being 7% higher and mf he is charging.

[Vitacura]

I can't believe the shenanigans OP's dealer is putting him through with that quote.. insane!

Originally Posted by Hirenarora

TrevorM3 responded with a laguna seca M5 for 1160. Awesome payment imo. The color itself is 5k

Greg should be able to do better than that payment. If memory serves, his MSRP was 109k.
My build has an MSRP over 120k and with 2k due at signing (First month/acquisition fee/doc fee) my payment is lower than that after taxes. Now is the time to reach out and pick up that sweet LSB M5.

[Mbdurham17]

Originally Posted by Hirenarora

Did you not confront him about the residual being 7% higher and mf he is charging.

Yes this was all email after i left but i told him something was seriously off thats when he cam back and said he changed it and it went down $100 to 1660 lol I'm gonna call him tomorrow i am not sure what the #### they are trying to do. I just used that dealer because since i moved to Nashville a few months ago its local and thats where Ive had service done. I called my old dealership in Atlanta already