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      02-06-2014, 08:48 AM   #1
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$$$ off MSRP

I am about ready to order M5. MSRP is a little over $118,000. What is a good price off the MSRP. If I can get $9000 off, is this acceptable or should I hold out for more. I read some other threads where people got between $5000 and $10k off. I thought I read $12k off, but not confirmed.

Thank you
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      02-06-2014, 09:04 AM   #2
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If you would like a very strong quote feel free to shoot David Aviles an email or you can PM me. There are amazing deals to be had on the M5 right now. Def make sure you shop around!

there are also a lot more factors to take in account other then how much off MSRP you can get.
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      02-06-2014, 07:44 PM   #3
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Quote:
Originally Posted by NAVYPB View Post
I am about ready to order M5. MSRP is a little over $118,000. What is a good price off the MSRP. If I can get $9000 off, is this acceptable or should I hold out for more. I read some other threads where people got between $5000 and $10k off. I thought I read $12k off, but not confirmed.

Thank you
Well shoot for invoice at least then get your incentives and you have a good deal but not the best BUT if you were able to get let's say 3-5k or so below invoice that will be some deal that the whole forum will congratulate you on -

Invoice roughly 7% less and then 3-5k less and in your case
118k so 7% about 8.2k so if you were able to get 12-13k below MSRP then CONGRATULATIONS you got a heck of a deal -

Hope this answers your questions man !!
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      02-06-2014, 08:46 PM   #4
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if you are leasing watch for dealers who are bumping up Money Factor. I have seen a lot of that on here. Dealer will quote you a great price but then smash you on the MF.

current MF for Feb is .0013
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      02-07-2014, 03:37 AM   #5
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Originally Posted by GOLFFRR View Post
if you are leasing watch for dealers who are bumping up Money Factor. I have seen a lot of that on here. Dealer will quote you a great price but then smash you on the MF.

current MF for Feb is .0013
just curious what is MF?
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      02-07-2014, 06:32 AM   #6
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just curious what is MF?
MF aka Money Factor

MF in a nutshel is the percentage used by lenders to calculate the rental fee portion of your monthly payment. MF determines how much you'll pay in finance charges over the life of a lease. The higher the money factor, the higher your monthly payment and the more you'll pay in total finance charges. Therefore, when shopping for a lease, you'll want to look for the lowest money factor. Dealers mark up MF all the time, so when you think your getting a killer deal always double check MF.

MF is determined monthly by BMW. But the dealer decides how much the customer pays.
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      02-07-2014, 07:15 AM   #7
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Originally Posted by GOLFFRR View Post
MF aka Money Factor

MF is determined monthly by BMW. But the dealer decides how much the customer pays.
How come?
So got my car last Decemebr 0.00125 MF
That means I may be paying more than this figure?
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      02-07-2014, 07:50 AM   #8
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How come?
So got my car last Decemebr 0.00125 MF
That means I may be paying more than this figure?
I am not sure what the MF was in december (I can ask David this morning and find out) but yes a dealer can mark up the MF if they want. It allows them to make money off the buyer on the back end. a marked up MF can cause you to pay a lot more per month. Take that amount each month over the life of the lease and you can see where they can make up money from the discount on the price.
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      02-07-2014, 07:57 AM   #9
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Originally Posted by GOLFFRR View Post
I am not sure what the MF was in december (I can ask David this morning and find out) but yes a dealer can mark up the MF if they want. It allows them to make money off the buyer on the back end. a marked up MF can cause you to pay a lot more per month. Take that amount each month over the life of the lease and you can see where they can make up money from the discount on the price.
Thanks
So does it ever go below 0.00125? With BMW financial services?
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      02-07-2014, 08:03 AM   #10
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MF can change each month per BMW. Sometimes it goes up sometimes it goes down. I am not expert on how it all works (thats why we have David Aviles ) but each month when I have him give me the numbers they change. We always stick to the MF that is posted and won't mark it up.
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      02-07-2014, 10:40 AM   #11
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In some states you can make up to 7 security deposits that are refundable at the conclusion of the lease. These are known as multiple security deposits or MSD. For each deposit which is your monthly payment rounded up to the nearest $50 your MF goes down by .0007. For example the current MF =.00130 if you make 7 MSD (7 x .0007 = .0049, .00130 -.0049 = .00081 MF) the MF is reduced to .00081. If you're payment is $625/month 7 x 650 = 4550 MSD, which is refundable or can be used for extra miles or excessive wear when coming off lease.

The MSD is not at risk as a pure down payment would be in event of an accident totaling your leased vehicle so it doesn't have a downside if you have some cash on hand earning .001% in the bank.
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      02-07-2014, 03:06 PM   #12
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Quote:
Originally Posted by GOLFFRR View Post
MF aka Money Factor

MF in a nutshel is the percentage used by lenders to calculate the rental fee portion of your monthly payment. MF determines how much you'll pay in finance charges over the life of a lease. The higher the money factor, the higher your monthly payment and the more you'll pay in total finance charges. Therefore, when shopping for a lease, you'll want to look for the lowest money factor. Dealers mark up MF all the time, so when you think your getting a killer deal always double check MF.

MF is determined monthly by BMW. But the dealer decides how much the customer pays.
Oh I see good to know. Thanks. Was going to buy an M5 from David. He is a nice guy and gives a heck of a deal but I ended up paying a little more than he offered me but at a local dealer here because it was far steve Thomas bmw where I am located.
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      02-07-2014, 04:45 PM   #13
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Quote:
Originally Posted by N.S.A View Post
Oh I see good to know. Thanks. Was going to buy an M5 from David. He is a nice guy and gives a heck of a deal but I ended up paying a little more than he offered me but at a local dealer here because it was far steve Thomas bmw where I am located.
bummer. Yes David gives the best deals! In the future if you need anything feel free to shoot me a pm. Your signature states your in SoCal what part? You can't be to far from us, LA is only 45 min away?
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      02-07-2014, 06:07 PM   #14
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bummer. Yes David gives the best deals! In the future if you need anything feel free to shoot me a pm. Your signature states your in SoCal what part? You can't be to far from us, LA is only 45 min away?
I am in San Diego by Del mar area. thank you
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      02-07-2014, 08:37 PM   #15
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I am in San Diego by Del mar area. thank you
gotcha nice area. Sold a m6GC to a customer in Carlsbad on Wednesday.

any who enjoy your weekend!
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      02-07-2014, 09:49 PM   #16
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I am going to plug David. Got in contact with him and he gave me a fantastic deal. Ordered M5 yesterday and hopefully will be here in 8 weeks. Thank you Jimmy and David
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      02-08-2014, 12:43 AM   #17
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Quote:
Originally Posted by soooma View Post
Well shoot for invoice at least then get your incentives and you have a good deal but not the best BUT if you were able to get let's say 3-5k or so below invoice that will be some deal that the whole forum will congratulate you on -

Invoice roughly 7% less and then 3-5k less and in your case
118k so 7% about 8.2k so if you were able to get 12-13k below MSRP then CONGRATULATIONS you got a heck of a deal -

Hope this answers your questions man !!
Invoice is 8% and dealer holdback is 5% (they sometimes dip into this to move a car and make a deal, they did when I purchased M6) + manufacturer incentives....My M6 was 118400 and I got 15k off in december just to give you an idea
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      02-08-2014, 02:36 AM   #18
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gotcha nice area. Sold a m6GC to a customer in Carlsbad on Wednesday.

any who enjoy your weekend!
oh really? Well definitely next time I will considerate it more deeply thank you.
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      02-08-2014, 06:28 AM   #19
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Quote:
Originally Posted by LSM View Post
Invoice is 8% and dealer holdback is 5% (they sometimes dip into this to move a car and make a deal, they did when I purchased M6) + manufacturer incentives....My M6 was 118400 and I got 15k off in december just to give you an idea
Good to know!!
I thought 7% and 3% which was never able to explain deal better than mine!
I got 9% off but car was also delivered from out of state to my house not counting mileage!
Next time will shoot for 12-13% and leave 2% for -
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      02-08-2014, 07:53 AM   #20
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I am going to plug David. Got in contact with him and he gave me a fantastic deal. Ordered M5 yesterday and hopefully will be here in 8 weeks. Thank you Jimmy and David
Awesome, thank you again! Car will be here in no time!
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      02-09-2014, 08:03 AM   #21
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Quote:
Originally Posted by N.S.A View Post
Oh I see good to know. Thanks. Was going to buy an M5 from David. He is a nice guy and gives a heck of a deal but I ended up paying a little more than he offered me but at a local dealer here because it was far steve Thomas bmw where I am located.
I ordered my M from David and I live in NYC!
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      02-09-2014, 10:14 AM   #22
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^^
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