please evaluate this lease deal !

[whichM]

Dear members -
Before I upload my first post, I would like to thank many members for their invaluable tips and insights!

Would you take a look at the following numbers and see if I can do any better?
I am looking to lease the vehicle for 36m/12k mi
Car - 2016 M5 with white ext and orange int.
(I know the current M5 is a dying breed but i think the car itself is still a great driver's car!)

• MSRP = $114895
• Sell price offered by dealer after loyalty credit of $1000 = $104554
• Residual = 62% for 12mi/y
• MF = .00134
• Mo pmt = $1228 with taxes rolled in

(I am paying the mandatory inception fees upfront)

I know the residual went down a bit from October, 2016, but do you think I can shoot for $1100/M? what would be considered a good deal?

Thank you so much!!

[momos750]

I don't know how much inventory there is left on MY16's but there is nothing special about the price they gave you. Dealer invoice is the cap cost they quoted you so with the rebate they are making 1k above their invoice plus any dealer incentives or holdback. Market on these cars is very soft right now.

On that car you should be in the mid 90's to get a good deal.

You should be shooting for 15% off MSRP on a MY16.

[M6-Coupe]

Originally Posted by momos750

I don't know how much inventory there is left on MY16's but there is nothing special about the price they gave you. Dealer invoice is the cap cost they quoted you so with the rebate they are making 1k above their invoice plus any dealer incentives or holdback. Market on these cars is very soft right now.

On that car you should be in the mid 90's to get a good deal.

You should be shooting for 15% off MSRP on a MY16.

+1

OP, the residual is not something you can negotiate;however you can negotiate on MF if you have the tier one credit but I believe you need to ask them the capital cost of below 100k. At 15% off MSRP your monthly payment would be at 10xx range... monthly payment of $1050 or below should be your goal for this car

[M5Rlz]

Originally Posted by M6-Coupe

+1

OP, the residual is not something you can negotiate;however you can negotiate on MF if you have the tier one credit but I believe you need to ask them the capital cost of below 100k. At 15% off MSRP your monthly payment would be at 10xx range... monthly payment of $1050 or below should be your goal for this car

exactly poor guy here locally has a payment on swap lease for 1600 lol giving away the MSDs' to get rid of it

I got gutted with mine, but I can't imagine any shopper willing to pay over 1100 on this car, and to be honest if you research the quality of the 63tu and DCT. I honestly don't know why anyones buying them new lol

[wesleyan92]

Originally Posted by momos750

I don't know how much inventory there is left on MY16's but there is nothing special about the price they gave you. Dealer invoice is the cap cost they quoted you so with the rebate they are making 1k above their invoice plus any dealer incentives or holdback. Market on these cars is very soft right now.

On that car you should be in the mid 90's to get a good deal.

You should be shooting for 15% off MSRP on a MY16.

++1

My payment is in the high $900 range and the MSRP on my car was $130K (thanks to a bunch of dealer installed options); but I did get to jump on the crazy late summer residuals, MSDs, and paid for taxes out of pocket.

[M6-Coupe]

Originally Posted by 335iRlz

exactly poor guy here locally has a payment on swap lease for 1600 lol giving away the MSDs' to get rid of it

I got gutted with mine, but I can't imagine any shopper willing to pay over 1100 on this car, and to be honest if you research the quality of the 63tu and DCT. I honestly don't know why anyones buying them new lol

The advantage of New is to be able to lease the car. Also to be honest with you I will never buy any used M car specially the current generation of M5/M6... search around to see how many used car had differential/axle/clutch/engine issue since the original buyers /leasers were in favor of highly modding these monsters... There are lots of threads in this forum...

[Greer]

Also to OP,

Please be aware that the new M5 is set to come out in late 2017, so if you get locked into a 3 year lease with the out going model that's a long time to wait for the newest, baddest M5 that will be on the street. If I were you I would look for a 2 year M5 lease on Swapalease or Leasetrader.com

[knepsterd]

M550ix coming out in late spring early summer will be faster than f10 M5.... with all this happening wouldn't be surprised that 2013 could be had for upper 30s low 40s and 2014 will be high 40s

[SakM_5]

Originally Posted by knepsterd

M550ix coming out in late spring early summer will be faster than f10 M5.... with all this happening wouldn't be surprised that 2013 could be had for upper 30s low 40s and 2014 will be high 40s

the m550 is only gonna be quicker 0-60 then the f10 m5 in stock form, if that and it depends where you read. the m550 will do 0-60 in 4.0 sec, most magazines show a comp f10 doing it in 3.6/3.7 which would be faster then that car all around. the m550 is only 462hp and 479lb tq. the only advantage is the awd. 1/4 mile the f10 will smoke it.

[M5Rlz]

Originally Posted by M6-Coupe

The advantage of New is to be able to lease the car. Also to be honest with you I will never buy any used M car specially the current generation of M5/M6... search around to see how many used car had differential/axle/clutch/engine issue since the original buyers /leasers were in favor of highly modding these monsters... There are lots of threads in this forum...

I think its fairly easy to see whose done that and who hasnt' upon inspection of the car/ miles


We have different ideas of what "highly modifying" means a clutch swap, tune and meth tank with some intakes and exhaust with turbos strapped on to me is more bolt ons to me lol

I'd say around 1200whp is where you get into highly modifying and even that doesn't need dry sumps, etc.

[M6-Coupe]

Originally Posted by 335iRlz

I think its fairly easy to see whose done that and who hasnt' upon inspection of the car/ miles


We have different ideas of what "highly modifying" means a clutch swap, tune and meth tank with some intakes and exhaust with turbos strapped on to me is more bolt ons to me lol

I'd say around 1200whp is where you get into highly modifying and even that doesn't need dry sumps, etc.

No it's not like this. There are many thread all over the place people bought the CPO M5 or other Ms and couple week later had DCT or Diff failures. Even dealers cannot figure out when you return the car to stock and bring it back as lease return... Do a search ... BTW what did you do with your M4 after engine failure???

[M5Rlz]

Originally Posted by M6-Coupe

No it's not like this. There are many thread all over the place people bought the CPO M5 or other Ms and couple week later had DCT or Diff failures. Even dealers cannot figure out when you return the car to stock and bring it back as lease return... Do a search ... BTW what did you do with your M4 after engine failure???

Sold it to Carmax for 60k flat every dealer in the area said 55k I went to 6 of them

Carmax sold it to some dealer in Atlanta, they tried to get 71 for it and CPOed it, then it dropped to 65k after 6 months of sitting, then dropped to 61k after another price drop sat like that CPoed at 61k then got sold


I wouldn't care if I got a free diff or DCT replacement lol if I bought it CPOed lol

[SSM5]

Originally Posted by Greer

Also to OP,

Please be aware that the new M5 is set to come out in late 2017, so if you get locked into a 3 year lease with the out going model that's a long time to wait for the newest, baddest M5 that will be on the street. If I were you I would look for a 2 year M5 lease on Swapalease or Leasetrader.com

I did exactly this. My 2014 lease is up and I didn't want to lock in a 2016 for 3 years. Thought about an X5M, but after driving it and getting back into my M5 I realized how much more I enjoy the M5. Picked up a 2016 with 27 months left and was an amazing deal !! The new M5 should be arriving late spring/early summer 2018 in the US.

[xtac]

Originally Posted by SSM5

I did exactly this. My 2014 lease is up and I didn't want to lock in a 2016 for 3 years. Thought about an X5M, but after driving it and getting back into my M5 I realized how much more I enjoy the M5. Picked up a 2016 with 27 months left and was an amazing deal !! The new M5 should be arriving late spring/early summer 2018 in the US.

What's your cost on the 27 months ?

[SSM5]

Originally Posted by xtac

What's your cost on the 27 months ?

The car had a $118,000 msrp. payment is $920 per month plus tax

[NickBoz]

Dealers around me were giving leases on 2016 M5 with an MSRP of 125 for around 1050 width zero down and 36 months, 10k miles

I got a killer deal from a friend of mine on my car, brand new too new. He can lease you one, demo cars if you're open to it

[DenverF10M5]

Originally Posted by them4gts

Dealers around me were giving leases on 2016 M5 with an MSRP of 125 for around 1050 width zero down and 36 months, 10k miles

I got a killer deal from a friend of mine on my car, brand new too new. He can lease you one, demo cars if you're open to it

With current residuals, a $125k msrp would need to sell at $95k. That would get you to about $1,050 a month including tax. MF for March slightly increased to .00140