Feedback on This Offer...Thank you!

markauer · 05-14-2016, 03:57 PM

Just started the process of negotiating to lease 2016 M5 off the lot. Got a few options in the Dallas area and one or two near Houston. Got this offer below this morning. Invoice attached. I told them I thought the MF was high and that I should be able to qualify for .00135 with a 793 FICO. The response I got was, "what lenders are you aware of that are offering rates that low..."

Your feedback is appreciated!

36/12, $116,000 plus TTL, MF .00178.

markauer · 05-14-2016, 03:58 PM

Sorry, payment quoted $1,562.00

Ex_Stig · 05-14-2016, 07:20 PM

Sounds like they aren't discounting the car very much. Not sure on the rest of the details because you are missing some numbers.

TrevorM3 · 05-14-2016, 10:20 PM

440 for kidney grills? Really dude..?

1560 for an m5 sucks. Get them down to 1200ish. What is residual?

platinum903 · 05-15-2016, 04:32 PM

Terrible deal. While taxes are higher in Texas on a lease, you should be looking at absolutely no more than $1350.

momos750 · 05-15-2016, 05:00 PM

Horrible deal. In California you could pick that same car up for prob close to 105k.
The money factor is marked up also. I think the going rate right now is .00138.
Also being that you're in Tx you have to pay all the taxes upfront, which on your deal including payment, fees, reg, taxes, etc is going to be close to 12,5k!! Ouch...
Shop around. Greg Poland at Pacific BMW is a great guy, contact him and see what he can do, he does out of state deals all the time.

markauer · 05-16-2016, 02:21 PM

Thanks for all the feedback.

I agree that the MF is not good. I am working on getting the MF down to .00138 but is the cap cost good? I thought $116 on a car that has an MSRP of $129 was good. Getting this down to $105 seems unlikely.

Yes, the taxes in Texas suck. No way around those even if I lease in another state.

The residual is $81,361. Haven't had a chance to do the math yet but seem to be around 64%.

05-14-2016, 03:58 PM	#2
markauer Enlisted Member 18 Rep 38 Posts Drives: 2019 M5C Carbon Black/Black Join Date: Mar 2006 Location: North Dallas,TX iTrader: (0)	Sorry, payment quoted $1,562.00
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05-14-2016, 07:20 PM	#3
Ex_Stig Colonel 2593 Rep 2,683 Posts Drives: '24 X7 M60i Join Date: Jan 2014 Location: Scottsdale, AZ iTrader: (0) Garage List 2024 BMW X7 M60 [10.00]	Sounds like they aren't discounting the car very much. Not sure on the rest of the details because you are missing some numbers. __________________ Ex Stig '25 M5 Touring (on the list, first slot) '24 X7 M60i '22 M5 CS - (sold)
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05-14-2016, 10:20 PM	#4
TrevorM3 Banned 3322 Rep 8,083 Posts Drives: 6.3 AMG Join Date: Apr 2013 Location: Florida iTrader: (0)	440 for kidney grills? Really dude..? 1560 for an m5 sucks. Get them down to 1200ish. What is residual?
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05-15-2016, 04:32 PM	#5
platinum903 Second Lieutenant 93 Rep 210 Posts Drives: F90 M5, F85 X5M, G05 X5 Join Date: Mar 2016 Location: Dallas iTrader: (0)	Terrible deal. While taxes are higher in Texas on a lease, you should be looking at absolutely no more than $1350.
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05-15-2016, 05:00 PM	#6
momos750 Captain 143 Rep 715 Posts Drives: 2015 M5, 2011 750Li Join Date: Jul 2015 Location: CA iTrader: (0)	Horrible deal. In California you could pick that same car up for prob close to 105k. The money factor is marked up also. I think the going rate right now is .00138. Also being that you're in Tx you have to pay all the taxes upfront, which on your deal including payment, fees, reg, taxes, etc is going to be close to 12,5k!! Ouch... Shop around. Greg Poland at Pacific BMW is a great guy, contact him and see what he can do, he does out of state deals all the time. __________________ 2015 M5 - Singapore Grey Metallic - Silverstone Full Merino Interior - Executive Pack - Drivers Assist Pack -Comp Pack -
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05-16-2016, 02:21 PM	#7
markauer Enlisted Member 18 Rep 38 Posts Drives: 2019 M5C Carbon Black/Black Join Date: Mar 2006 Location: North Dallas,TX iTrader: (0)	Thanks for all the feedback. I agree that the MF is not good. I am working on getting the MF down to .00138 but is the cap cost good? I thought $116 on a car that has an MSRP of $129 was good. Getting this down to $105 seems unlikely. Yes, the taxes in Texas suck. No way around those even if I lease in another state. The residual is $81,361. Haven't had a chance to do the math yet but seem to be around 64%. Last edited by markauer; 05-17-2016 at 01:39 AM..
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