06-08-2014, 02:22 PM | #1 |
Private
8
Rep 75
Posts |
2014 bmw m5 lease
Hi guys!
I was shopping for a new lease. It's between m5, mb e63 and Porsche panemera turbo. I usually buy cars and I don't lease them. My wife and I started our business. I fully understand benefits of leasing ( I am CPA ) but I would like to get your opinion on the lease deal that I got.i will also make a post where I will compare the cars above in detail. Bmw m5 msrp 116,850 Black on black Comp pack, executive , led pack Discount $7,000 36 month 10k miles per year Tier one credit (above 680 on equifax is tier one according to bmw financial ) $8,500 down this includes title,tax etc 1st month pmt $1,350 ( plus down pmt) $1,350 per month total I believe that residual is 52 or 58 I got to check sale tax $6520.31 license $64.25 title $33.00 st inspect $23.75 doc fee $146.00 st vit tax $206.72 Acq fee $800 1. Some members are saying that there is multiple security discount, how do you get it ? 2. How is this deal sound ? Any feedback is very appreciated Thanks
__________________
Sending good vibes! ZAZZLE ZING your way!
|
06-08-2014, 04:20 PM | #2 |
Major General
1431
Rep 6,271
Posts |
In term of lease, you are paying monthly rent fee which is calculated based on Money Factor, Residual value and Sales price.
Multiple Security Deposit (MSD) is the amount you can put down as deposit (will be returned at the end od lease) to reduce the Money Factor (MF). For each security deposit (which is almost equal to your monthly payment) your MF reduces for 0.00007. Up to 7MSDs you can put for maximum 0.00049 MF reduction. BTW, what is the Residual and MF on this deal?
__________________
Current : 2024 F92 Black Sapphire M8 Competition- ZF8
Gone : 2020 F92 Black Sapphire M8 - ZF8 Gone : 2018 F80 Mineral Gray M3 Competition - 6MT Gone : 2016 F82 Austin Yellow M4 Competition - 6MT Gone : 2013 F13 Sakhir Orange M6 -7DCT |
Appreciate
0
|
06-08-2014, 04:48 PM | #3 |
Private
8
Rep 75
Posts |
This is my first lease so I really appreciate the help.
My sales guy said that they just use tier one credit. 680 or above. I don't know money factor. Residual is 52 or 58 as far as I remember. I will check all the details on Monday and post them.
__________________
Sending good vibes! ZAZZLE ZING your way!
|
Appreciate
0
|
06-08-2014, 05:04 PM | #4 |
6'0 / 250lb
140
Rep 1,797
Posts |
Base Money Factor right now is .00130 and residual on 10k is 61%.
__________________
Build: '14 M5 - Space Gray / Full Sakhir Orange / Alum Trace / Black 343's / Exec / Driver Assist / LED
Mods: SunTek CXP tint - Vinyl-wrapped door handle chrome - Macht Schnell 12mm spacers - Pedalhaus pedals - iND Cosmetic Package - Polished 90mm exh tips - Coded by v12 - 21" HRE S107's polished lip/black center |
Appreciate
0
|
06-08-2014, 05:09 PM | #5 |
Private
8
Rep 75
Posts |
So residual it's different depending on money down?
Can you just put max amount of msd and just paid for reg and fees ? How do you usually do lease on m5 ? Just from past experiences Thanks
__________________
Sending good vibes! ZAZZLE ZING your way!
|
Appreciate
0
|
06-08-2014, 05:20 PM | #6 |
Major General
1431
Rep 6,271
Posts |
Are you sure about 0.0013 and 61% for 10K?
If this is true then for 116850 MSRP and 109850 sales Price, if you pay all tax and fees upfront, the monthly payment must be around $1300 !!!! I believe the Residual and MF offered to him are something else Edit: miscalculation at the first place
__________________
Current : 2024 F92 Black Sapphire M8 Competition- ZF8
Gone : 2020 F92 Black Sapphire M8 - ZF8 Gone : 2018 F80 Mineral Gray M3 Competition - 6MT Gone : 2016 F82 Austin Yellow M4 Competition - 6MT Gone : 2013 F13 Sakhir Orange M6 -7DCT Last edited by M6-Coupe; 06-08-2014 at 05:43 PM.. |
Appreciate
0
|
06-08-2014, 05:26 PM | #7 |
Major General
1431
Rep 6,271
Posts |
This is the way you have to calculate your monthly payment:
If you pay all tax and fees upfront... MP: Monthly payment RV: Residual Value = RV% x MSRP MF: Money factor SP: Sales Price MP = (SP - RV) /36 + MF x ( SP + RV)
__________________
Current : 2024 F92 Black Sapphire M8 Competition- ZF8
Gone : 2020 F92 Black Sapphire M8 - ZF8 Gone : 2018 F80 Mineral Gray M3 Competition - 6MT Gone : 2016 F82 Austin Yellow M4 Competition - 6MT Gone : 2013 F13 Sakhir Orange M6 -7DCT |
Appreciate
0
|
06-08-2014, 05:36 PM | #8 |
Private
8
Rep 75
Posts |
Ok great.
I will email my sales guy and post the values. But if you go to bmw usa and configure a car. If price is $116,000 car would be around $1350 per month with 11k down. It's bellow the configuration lease estimated payment I found the add from bmw dealer 36 months 10 k per year Msrp 110,0625 First payment $1,006 Tag Waste fee Acquisition fee $925 Dealer fee $699 10 per cent down $11,062 Monthly payment is $1,007 How about this?
__________________
Sending good vibes! ZAZZLE ZING your way!
|
Appreciate
0
|
06-08-2014, 05:42 PM | #9 | |
Captain
38
Rep 846
Posts |
Quote:
10k/36m 9k msd 3k down to drive off 1,250 w/ bmw wheel & tire insur. |
|
Appreciate
0
|
06-08-2014, 05:44 PM | #10 |
Major General
1431
Rep 6,271
Posts |
Sorry I did miscalculate at my first post. now it's corrected
I think this deal (1007) is a good deal if 11k down includes all tax and fees
__________________
Current : 2024 F92 Black Sapphire M8 Competition- ZF8
Gone : 2020 F92 Black Sapphire M8 - ZF8 Gone : 2018 F80 Mineral Gray M3 Competition - 6MT Gone : 2016 F82 Austin Yellow M4 Competition - 6MT Gone : 2013 F13 Sakhir Orange M6 -7DCT |
Appreciate
0
|
06-08-2014, 06:01 PM | #11 | ||
Private
8
Rep 75
Posts |
Quote:
You put 3k down Get 9 k back $1,250 per month
__________________
Sending good vibes! ZAZZLE ZING your way!
|
||
Appreciate
0
|
06-08-2014, 07:02 PM | #12 | |||
Captain
38
Rep 846
Posts |
Quote:
|
|||
Appreciate
0
|
06-09-2014, 09:37 AM | #13 |
Private
8
Rep 75
Posts |
Here is an reply from the dealer.
What do you guys think ? The money factor on the lease is .00170 or as a interest rate 4.08 set by BMW Financial The interest rate on the Owners Choice is 4.0 set by BMW The residuals are 10k 61% 12k 60% 15k 58% Yes we take multiple dpsts up to 7 and the Money Factor then would be .00121 Deposits rounded up $50 example : if pymt is $1351 security dpst would be $1400 x 7= $9800 in sec dpst
__________________
Sending good vibes! ZAZZLE ZING your way!
|
Appreciate
0
|
06-09-2014, 10:03 AM | #14 | |
Major
544
Rep 1,417
Posts |
Quote:
__________________
Current: 2022 Donnington Grey M5 Competition, 2014 Anvil WW Jeep Wrangler
Previous: 2019 Donnington Grey M5 Competition, 2016 Silverstone M5 CP, 2013 Monte Carlo Blue M5 CP (ED on 9/1/12), 2009 Carbon Black M5, 2006 Silverstone M5, 2003 Sterling Grey M5, 2000 Anthracite 540i6, 1998 Jeep Grand Cherokee 5.9Ltd, 1990 Eagle Talon TSi AWD, 1978 Mazda RX-7 |
|
Appreciate
0
|
06-09-2014, 10:06 AM | #15 | |
Lieutenant
80
Rep 577
Posts |
Quote:
I would refer you to my BMW sales guy here in California, however he doesn't sell out of state. I think I recall that David at Steve Thomas BMW does out of state deals routinely, and he has a very good reputation with board members here, why not see what he can offer you? |
|
Appreciate
0
|
06-09-2014, 10:20 AM | #16 |
Private
8
Rep 75
Posts |
I can talk to him no problem.
I did not start to negotiate the rest with current dealer I am just asking what's he willing to give me. Is the money factor based on your credit score or just at the discretion of the dealer ? Also if this is accurate dealer told me this deal is equivalent to 4.05 apr but purchase on new m5 apr has a promotion of 3.19 according to bmw usa.....
__________________
Sending good vibes! ZAZZLE ZING your way!
|
Appreciate
0
|
06-09-2014, 10:39 AM | #19 | |
Lieutenant
80
Rep 577
Posts |
Quote:
|
|
Appreciate
0
|
06-09-2014, 10:49 AM | #20 |
Private
8
Rep 75
Posts |
Got it,
That's why I was saying 0.0013 times 2400 is 3.12 The promo that they are running is 3.19 apr but dealer is giving me 4.08
__________________
Sending good vibes! ZAZZLE ZING your way!
|
Appreciate
0
|
06-09-2014, 01:08 PM | #21 |
6'0 / 250lb
140
Rep 1,797
Posts |
Who are you posing your comment to / about?
__________________
Build: '14 M5 - Space Gray / Full Sakhir Orange / Alum Trace / Black 343's / Exec / Driver Assist / LED
Mods: SunTek CXP tint - Vinyl-wrapped door handle chrome - Macht Schnell 12mm spacers - Pedalhaus pedals - iND Cosmetic Package - Polished 90mm exh tips - Coded by v12 - 21" HRE S107's polished lip/black center |
Appreciate
0
|
06-09-2014, 01:30 PM | #22 |
Major
544
Rep 1,417
Posts |
Sorry, I guess I was a little unclear. I wanted to point out to the OP that based on the information you provided about the current BMW FS lease program, his dealer appears to be marking up the money factor on him.
__________________
Current: 2022 Donnington Grey M5 Competition, 2014 Anvil WW Jeep Wrangler
Previous: 2019 Donnington Grey M5 Competition, 2016 Silverstone M5 CP, 2013 Monte Carlo Blue M5 CP (ED on 9/1/12), 2009 Carbon Black M5, 2006 Silverstone M5, 2003 Sterling Grey M5, 2000 Anthracite 540i6, 1998 Jeep Grand Cherokee 5.9Ltd, 1990 Eagle Talon TSi AWD, 1978 Mazda RX-7 |
Appreciate
0
|
Post Reply |
Bookmarks |
Thread Tools | Search this Thread |
|
|