10-25-2015, 11:10 AM | #1 |
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Brand new vs year or older
Hey so question for the people on the forum. How many people buy/lease the brand new M5's vs buying one that's maybe a year or two old with low mileage?
I have always leased these guys brand new(M3's) so i assume it's no different but I notice the price difference between a year old vs current year and it's rather significant. |
10-25-2015, 11:23 AM | #2 |
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Depreciation on M5 is crazy. If you want to lease it, there is no choice other than new but if you want to buy it, 20-30k saving is good enough to go for used one with low mileage; however you can get a great deal at right time with 10-15k off MSRP on new one too...You might find a 2015 model sitting on dealer's lot waiting for big discount now
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10-25-2015, 11:45 AM | #3 | |
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10-26-2015, 05:07 PM | #5 |
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CPO low mileage m5 with the highest msrp you can find for the win.
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10-26-2015, 06:56 PM | #7 |
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Highest MSRP is correct. What he's trying to say is you can get a $110k MSRP M5 for almost the same price as a base $95k MSRP M5...
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10-26-2015, 09:08 PM | #8 |
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Freezey, not sure where you are, but if you're willing to go out of state, here are a few 2015s where the dealers will discount. When I was looking last month, I talked to all of these dealers, but ended up passing due to spec and pricing. Pricing was close, and a few have reached out to me again asking if I was still interested. They are probably willing to go lower.
http://www.bmwofelpaso.com/new/BMW/2...23f882e1bd.htm http://www.bmwofbakersfield.com/new/...edeb853a52.htm http://www.bmwofbeverlyhills.com/new...74381a4365.htm http://www.bmwoforlandpark.com/new-C...FV9C53FD594858
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10-26-2015, 09:37 PM | #9 | |
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10-26-2015, 11:45 PM | #10 |
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I don't think you are going to find a manual transmission M5 just sitting on a lot. Dealers don't really order them unless they have a customer that is specing the car.
Gonna be tough to buy a used one too. I can't imagine that there are a lot of manuals around.
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10-27-2015, 08:39 AM | #11 |
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yeah this is turning out to be very difficult.
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10-28-2015, 06:38 PM | #12 |
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Yeah, I went through pretty much all the BMW dealerships in the country when I was buying my 6-speed this summer. Just went through the bookmarks I saved, they are all gone.
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10-28-2015, 07:04 PM | #13 | |
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10-28-2015, 07:55 PM | #14 |
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6 speed is manual. 7 speed is DCT
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10-28-2015, 08:54 PM | #15 | |
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01-01-2016, 09:40 AM | #16 |
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So I guess I am still curious what most on this forum do. We are talking about a 100k+ car so I just wonder if it's more personal preference or is there one side that more people here are on (lease vs buy vs cpo
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01-01-2016, 09:58 AM | #17 |
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Lease here and I'm glad I did as I'll be ready to move on when my lease is up. And there are a bunch of used M5's out there so I'll be glad I won't have to hassle with trying to sell it in a buyer's market.
But there's no right/wrong answer when it comes to lease/buy. I look at every situation differently. How long do you keep the cars? Are mileage restrictions an issue? I always try to find used/CPO first, but it's hard to find what you want. Kind of like real estate as there is always a compromise. If you are looking at a manual, you might consider leasing as trying to unload a manual M5 might be tough unless you find the right buyer. I have never driven the manual, but I've read that it's not suited for the M5 and even a manual owner on here regrets getting the manual. But to each their own. I'm personally looking for a manual 911 in a sea of PDK's! Plus, if the new m5 comes out in 3-4 years, value will drop even more. So leasing might shield you a little bit. Plus you can always buy it at lease end if you end up really liking the car. Regardless of lease/buy, always try to negotiate price and then if you lease, negotiate the MF down to base rate. Then consider putting MSD's down. |
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01-01-2016, 10:04 AM | #18 | |
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I want to wait for the new body M5 but I am rather impatient which is never a good thing. |
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01-02-2016, 09:03 AM | #19 |
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I considered both choices. Ended up buying a 2 yr old M5 with 15k miles, all the options I wanted, plus extended warranty, so she's covered until 2019 or 100k miles.
This made the most sense for me. Leasing is a zero sum game, plus you'll always be stressing over the miles. And yes, I know, you shell out less money up front for a lease, but the equity you'll have if you buy (over a similar term) will usually balance out. ...and you won't be counting miles. Just my 2 cents.
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