Residual and money factor for F10 M5 lease in the US? - Page 2 - M5POST

Brian75025 · 05-18-2012, 09:08 AM

Quote:

Originally Posted by Rohardi

When I look up this months money factors for all other models, they range from .00155 - .00190. A money factor of .0028 sounds WAY off. I think this dealer might be giving you bad info.

I think he is guesstimating, he doesn't know for sure. Another dealer told me the actual rates should be out the first of June. I'd rather have a worst case scenario and be pleasantly surprised if it's better. Hope for the best, expect the worst.. right?

chillin4now · 05-29-2012, 09:08 AM

Are there any upates on these rates?

cmhsam · 05-29-2012, 09:31 AM

Quote:

Originally Posted by philly-dee

Are there any upates on these rates?

I was at a dealership in Indy on Saturday and they still did not have the info.

Rohardi · 06-20-2012, 09:36 AM

Any update on residual and money factor?

AGS · 06-20-2012, 09:45 AM

Quote:

Originally Posted by Rohardi

Any update on residual and money factor?

Nothing yet. I soke to my CA Monday. He confirmed he will call me as soon as he hears anything out of BMW FS.

Rohardi · 06-20-2012, 10:54 AM

fingers crossed for 59-61% with 12,000 miles per year lol

AGS · 06-20-2012, 11:16 AM

Quote:

Originally Posted by Rohardi

fingers crossed for 59-61% with 12,000 miles per year lol

While I have no hard evidence of where BMW FS will come out, I can pass along that all of the people I've spoken to (3 different CAs at 3 different dealerships plus the sales manager at one of the dealerships) are estimating much lower. The consensus seems to be 56% for 12,000 and 57% for 10,000. Just to be complete, the consensus on the money factor is .0019 to .0020.

If you are estimating your payment based on the range you provided, I would recalc at the lower levels. Better to estimate higher payments and be surprised on the upside.

cmhsam · 06-20-2012, 11:24 AM

Quote:

Originally Posted by AGS

Quote:

Originally Posted by Rohardi

fingers crossed for 59-61% with 12,000 miles per year lol

While I have no hard evidence of where BMW FS will come out, I can pass along that all of the people I've spoken to (3 different CAs at 3 different dealerships plus the sales manager at one of the dealerships) are estimating much lower. The consensus seems to be 56% for 12,000 and 57% for 10,000. Just to be complete, the consensus on the money factor is .0019 to .0020.

If you are estimating your payment based on the range you provided, I would recalc at the lower levels. Better to estimate higher payments and be surprised on the upside.

Currently the highest money factor is .00190. Why would BMW increase the money factor for this car and make it stand out against the other models. I would assume that this should be no worse than the m6.

chillin4now · 06-20-2012, 11:25 AM

Those are the exact numbers that I have been advised to expect and have been using in my calcs.
I have also been forewarned not to be too surprised if they come back with a MF of .003 for a highly allocated and new vehicle such as this.

cmhsam · 06-20-2012, 11:35 AM

Quote:

Originally Posted by philly-dee

Those are the exact numbers that I have been advised to expect and have been using in my calcs.
I have also been forewarned not to be too surprised if they come back with a MF of .003 for a highly allocated and new vehicle such as this.

At .003 that's an interest rate of 7.2%. Wow! Does anyone remember what the 1M or M3, when released, had for its MF?

UPDATE: Just spoke with my CA. He told me although nothing is confirmed or published to the dealers that both he and the GSM don't think the residual and MF will be worse than any other M Car today. The lowest residual they have is 53% for 15k miles and a MF of .00190. I mentioned to him about the potential for BMW to inflate the MF and his response was that BMW and BMW FS are in the market to sell cars. Although there may be a high demand for the M5, the orders which have been placed, also are not IP yet and therefore buyers can back out of the deal and BMW would risk losing a significant amount of orders should they try to inflate the financials.

cmhsam · 06-21-2012, 09:54 AM

This is my first time doing ED and ordering a car that doesn't have lease rates out yet. When I signed my paperwork and put my deposit down on the car, June 5 2012, I was approved for the lease through BMW FS. When the money factor is released will BMW FS have to do another credit check on me to reapprrove me for the lease? Or once I was approved on 6/5 it's a done process? I am concerned about another inquiry in a short period of time on my credit.

RPiM5 · 06-21-2012, 10:58 AM

Quote:

Originally Posted by cmhsam

At .003 that's an interest rate of 7.2%. Wow! Does anyone remember what the 1M or M3, when released, had for its MF?

UPDATE: Just spoke with my CA. He told me although nothing is confirmed or published to the dealers that both he and the GSM don't think the residual and MF will be worse than any other M Car today. The lowest residual they have is 53% for 15k miles and a MF of .00190. I mentioned to him about the potential for BMW to inflate the MF and his response was that BMW and BMW FS are in the market to sell cars. Although there may be a high demand for the M5, the orders which have been placed, also are not IP yet and therefore buyers can back out of the deal and BMW would risk losing a significant amount of orders should they try to inflate the financials.

Interesting. I guess we'll see how it plays out next month.

cmhsam · 06-21-2012, 11:04 AM

Quote:

Originally Posted by RPiM5

Quote:

Originally Posted by cmhsam

At .003 that's an interest rate of 7.2%. Wow! Does anyone remember what the 1M or M3, when released, had for its MF?

UPDATE: Just spoke with my CA. He told me although nothing is confirmed or published to the dealers that both he and the GSM don't think the residual and MF will be worse than any other M Car today. The lowest residual they have is 53% for 15k miles and a MF of .00190. I mentioned to him about the potential for BMW to inflate the MF and his response was that BMW and BMW FS are in the market to sell cars. Although there may be a high demand for the M5, the orders which have been placed, also are not IP yet and therefore buyers can back out of the deal and BMW would risk losing a significant amount of orders should they try to inflate the financials.

Interesting. I guess we'll see how it plays out next month.

July 10 is when the next programs are set to roll out with both the 2013 M5 and M6 data.

RPiM5 · 06-21-2012, 11:21 AM

Quote:

Originally Posted by cmhsam

July 10 is when the next programs are set to roll out with both the 2013 M5 and M6 data.

Good info, I have now marked my calendar.

AMPowerJ · 06-21-2012, 11:24 AM

Subscribed

cmhsam · 06-21-2012, 11:33 AM

I would assume that there will be no sales support on the MF for this car. I am planning on my regional rate, .0023, + .0003 for the ED since all ED lease MF's are increased by .0003.

AGS · 06-21-2012, 11:55 AM

Quote:

Originally Posted by cmhsam

This is my first time doing ED and ordering a car that doesn't have lease rates out yet. When I signed my paperwork and put my deposit down on the car, June 5 2012, I was approved for the lease through BMW FS. When the money factor is released will BMW FS have to do another credit check on me to reapprrove me for the lease? Or once I was approved on 6/5 it's a done process? I am concerned about another inquiry in a short period of time on my credit.

I wouldn't worry about it. I do not think BMW FS would do a hard credit check twice - they have to pay for each inquiry.

Also, BMW FS is not approving you on such a thin margin that the difference in your payment because of the MF and residual would swing you one way versus the other. They have a reasonable margin for error (in their favor) in the approval process.

cmhsam · 06-21-2012, 11:59 AM

Quote:

Originally Posted by AGS

I wouldn't worry about it. I do not think BMW FS would do a hard credit check twice - they have to pay for each inquiry.

Also, BMW FS is not approving you on such a thin margin that the difference in your payment because of the MF and residual would swing you one way versus the other. They have a reasonable margin for error (in their favor) in the approval process.

Thanks. I was worried about the hard credit check twice...

1MORELAP · 06-26-2012, 12:31 PM

Are you guys working with Ryan at Steve Thomas BMW? Seems that you are not getting honest answers. He is the go to guy for West Coasters getting M3s...

cmhsam · 06-26-2012, 01:24 PM

Quote:

Originally Posted by 1MORELAP

Are you guys working with Ryan at Steve Thomas BMW? Seems that you are not getting honest answers. He is the go to guy for West Coasters getting M3s...

My CA is great. Knows his stuff and is worth every penny. He is driven by the customer experience. I would recommend him to anyone on the east coast

AGS · 06-29-2012, 12:24 PM

Quote:

Originally Posted by philly-dee

Are there any upates on these rates?

Quote:

Originally Posted by Rohardi

Any update on residual and money factor?

Just announced. See the new thread. Be warned, BMW FS tanked the residuals.

http://f10.m5post.com/forums/showthread.php?t=711879

Quote:

Originally Posted by Rohardi

fingers crossed for 59-61% with 12,000 miles per year lol

Unfortunately no where near that. 50% residual for 12k/year, 3 year lease. See the other thread I referenced.

RPiM5 · 06-29-2012, 12:53 PM

Quote:

Originally Posted by AGS

Just announced. See the new thread. Be warned, BMW FS tanked the residuals.

http://f10.m5post.com/forums/showthread.php?t=711879

Unfortunately no where near that. 50% residual for 12k/year, 3 year lease. See the other thread I referenced.

Me no likely.

Must recalculate payments now.

06-21-2012, 11:24 AM	#37
AMPowerJ One mod leads to another ... Drives: 2013 E92 M3 Join Date: Apr 2008 Location: Blythewood, SC Posts: 2,326 iTrader: (9) Garage List 2013 BMW E92 M3 [0.00] 2012 Toyota Tacoma [0.00]	Subscribed __________________ 2013 E92 M3 with ESS VT2-585 SC, StopTech BBK, M Perf Exhaust, and a bunch of carbon fiber ...

06-26-2012, 12:31 PM	#41
1MORELAP Captain Drives: '13 Audi S4 Join Date: May 2010 Location: Issaquah, WA Posts: 615 iTrader: (0)	Are you guys working with Ryan at Steve Thomas BMW? Seems that you are not getting honest answers. He is the go to guy for West Coasters getting M3s... __________________ I apologize for spelling mistakes up front, they are a result of multitasking.

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search

05-29-2012, 09:08 AM	#24
chillin4now First Lieutenant Drives: F10 M5 at Home Join Date: Apr 2012 Location: Smocation Posts: 322 iTrader: (0)	Are there any upates on these rates?

06-20-2012, 09:36 AM	#26
Rohardi Second Lieutenant Drives: 2010 G37XS Join Date: Apr 2012 Location: Rhode Island Posts: 242 iTrader: (0)	Any update on residual and money factor?

06-20-2012, 10:54 AM	#28
Rohardi Second Lieutenant Drives: 2010 G37XS Join Date: Apr 2012 Location: Rhode Island Posts: 242 iTrader: (0)	fingers crossed for 59-61% with 12,000 miles per year lol

06-20-2012, 11:25 AM	#31
chillin4now First Lieutenant Drives: F10 M5 at Home Join Date: Apr 2012 Location: Smocation Posts: 322 iTrader: (0)	Those are the exact numbers that I have been advised to expect and have been using in my calcs. I have also been forewarned not to be too surprised if they come back with a MF of .003 for a highly allocated and new vehicle such as this.

06-21-2012, 09:54 AM	#33
cmhsam Major Drives: 2013 F10 M5 Join Date: Mar 2012 Location: USA Posts: 1,267 iTrader: (0)	This is my first time doing ED and ordering a car that doesn't have lease rates out yet. When I signed my paperwork and put my deposit down on the car, June 5 2012, I was approved for the lease through BMW FS. When the money factor is released will BMW FS have to do another credit check on me to reapprrove me for the lease? Or once I was approved on 6/5 it's a done process? I am concerned about another inquiry in a short period of time on my credit.

06-21-2012, 11:33 AM	#38
cmhsam Major Drives: 2013 F10 M5 Join Date: Mar 2012 Location: USA Posts: 1,267 iTrader: (0)	I would assume that there will be no sales support on the MF for this car. I am planning on my regional rate, .0023, + .0003 for the ED since all ED lease MF's are increased by .0003.