07-11-2015, 09:10 AM | #1 |
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Found a car locally that is a dealer demo. 2014 SO M5 with ceramic brake package with 1,200 miles.
Dealer is asking $87,500. I emailed them asking about lease possibilities and I get a reply saying they can offer a lease or owners choice. I say just send me some lease quotes at 3 and 4 year possibilities. This guys response is "We can do 5 year lease with 10k miles/yr at $1488/mo. If you do the math, those lease payments exceed the asking price of the car lol. Not sure if this salesmen is a newbie or just gave me a $0 down 5 year loan amount.....WTF? I replied with - Um, what residual are you using and MF? No reply on his end yet. |
07-11-2015, 09:13 AM | #2 |
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You should get some documentation and ideally some YouTube footage of this guy quoting this. Then send it in to Autoblog for a fun article on a sleazy salesman.
A guy like that deserves to never work in the industry again.
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07-11-2015, 10:43 AM | #3 |
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Basic math. Not his strong suit.
f.
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07-11-2015, 05:27 PM | #4 | |
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07-11-2015, 06:17 PM | #5 | ||
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Thank you for your inquiry on the 2014 BMW M5. Based on current programs, if you absolutely must lease the vehicle, you may want to consider the new 2015 model instead of this 2014. The lease rates are lower and residuals are higher on the 2015 model. Here is the full breakdown on the lease for the 2014 model with ZERO down payment. Give me a call if you have any questions: $115,000 MSRP -$27150 Discount =$87850 Sale Price +$699 Dealer Doc Fee +$695 Lojack Stolen Vehicle Recovery System +$995 BMW FS Lease Acquisition Fee +$5496.75 GA TAVT Tax (under the new tax law, this amount is the same whether you lease or buy) +$87 Tag and Title -$0 Down Payment =$95822.75 Net Cap Cost 24 Month Lease .00205 Money Factor $47859.00 Residual $1998.49 Monthly Depreciation (Net Cap Cost - Residual)/24 months +$294.55 Monthly Rent Charge (Net Cap Cost + Residual)*Money Factor =$2293.04 Total Payment Per month 36 Month Lease .00205 Money Factor $41,025.00 Residual $1522.16 Monthly Depreciation (Net Cap Cost - Residual)/24 months +$280.54 Monthly Rent Charge (Net Cap Cost + Residual)*Money Factor =$1802.70 Total Payment Per month 48 Month Lease .00205 Money Factor $34,950.00 Residual $1268.18 Monthly Depreciation (Net Cap Cost - Residual)/24 months +$307.32 Monthly Rent Charge (Net Cap Cost + Residual)*Money Factor =$1575.50 Total Payment Per month |
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07-11-2015, 06:59 PM | #6 | |||
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If you have to lease, you can register in Montana.
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07-11-2015, 08:00 PM | #7 |
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Think I saw this car at United BMW today is that the location? I wanted to look at a M4 convertable for the wife. Started the M4 up man it has zero sound very dull ......think we will wait for the new Audi RS5 rag.
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07-11-2015, 10:16 PM | #8 | |
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With number you posted (1488) , I believe you can lease a 30 Jahre M5 at 140k MSRP lol...
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07-11-2015, 10:56 PM | #9 |
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Guess I stand corrected on this one....sounds like it would be better to lease a '15 or '16 at this point. Thanks fellas. Good group in this section of the forum!
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07-13-2015, 12:10 AM | #10 |
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Simply put/ when leasing anything that's not a 2015/2016 (residual programs only exist for those) you'd be leasing based on a dollar amount. Not residual%.
You're better off financing OR as you said- leasing something newer
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07-20-2015, 09:56 PM | #12 | |
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if your location is correct....dont lease ANYTHING in georgia. the sales tax on a new M5 would probably raise your monthly payment close to $200. they've really screwed the pooch with these stupid ass tax laws. go with Owner's Choice (its like a lease but youre only paying for the same percentage of the taxes as your are of the car) or finance it. PenFed has a payment saver program that looks interesting. if i could ever feel confident about how much a 2013 M5 would be worth in 3 yrs...i'd go about and match my wife's M4 with my very own M. |
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07-22-2015, 03:56 PM | #13 |
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Hey buddy I work at BMW of Schererville In I am a Client Advisor I showed my GSM this and he said he would like to see the VIN and do better on a 2015 M5 on the monthly Payment PM me I will give you my number or you can Call 219-864-3380 ext:367 I will be More then able to help you
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07-22-2015, 09:14 PM | #14 | |
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GA taxes are stupid, thanks to their greed they get zero tax from me.
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07-22-2015, 09:34 PM | #15 | |
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The balloon...or residual in the case of the OC...isn't affected by down payment or taxes. It's a straight percentage of MSRP... But yeah...fuck Georgia. The #3 state for car leases and they screw the pooch... |
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