03-03-2014, 10:58 AM | #23 |
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David is giving some insane deals on M5 right now guys! Take advantage of his pricing and these rates!
bmwdavid@icloud.com
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03-03-2014, 11:36 AM | #24 |
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Here is my original deal:
Monte Carlo Blue/SilverstoneII MSRP of $103825 (exec, lights, 20") $13259 out of pocket including NJ tax, bank fee, Motor Vehicle, all other nonsense fees, and 7 multiple security deposits totaling $7700. So actual out of pocket is $5559 and includes first payment; there is $0 cap cost reduction in the OOP figure. 36 months, 12K miles per year @ $1056.00 per month. The monthly payment dropped to $999 and the OOP dropped almost $1000 with the March incentives/residuals. |
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03-03-2014, 03:46 PM | #28 |
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m5 rates are
15k 58% 12k 60% 10k 61% MF .0013 ED MF .0016 just so there is no confusion
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03-03-2014, 07:21 PM | #29 |
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I just picked up my car Tuesday. Reading this thread totally ruined my day. 3% on residual is ALOT. Talking about a good $90 off a month. Ugh that would have put the cherry on top. It's like getting another ~$6k+ off sticker.
Pissed...I should have played this better myself
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03-03-2014, 08:29 PM | #31 | |
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I will sign the papers this month and they will add loyalty next month. Nobody can time this stuff perfectly. And with that said, how could you have played it better. Who the hell would have ever thought they would go this far with the residual. It's out of left field. Last, look at the deal you DID get. I bet some other guys in here would kill for it. Best wishes on the new ride. let's meet up sometime in NNJ this spring/summer. |
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03-03-2014, 08:34 PM | #32 | |
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It's not even the $100...anyone driving an M5 should be able to spare $100. It's more of the principle that it was just a matter of 96 hours and most importantly I didn't even think about it. Didn't even occur to me to think about it. Swamped with other stuff that I think this was the deal I put the least effort into. I rightfully beat myself up if it's something I could have possibly prevented. I'll get over it after this break in period. At least tint & IND goodies are getting put on Wednesday, custom radar & laser next weekend and DP & Tune 1st or 2nd week of April. Yes, I should stop complaining and enjoy the car. I think I will avoid the pricing section of a forum after taking delivery lol! On another note this car really gets more amazing day after day. Comfort + Power FTW. I'm going into a business venture with my father and it's nice to have something comfortable we can both drive and enjoy from the passenger seat. My M3 didn't cut it for longer rides and my father has a Mas GranTurismo S which is way too much for pulling up to business meetings. The M5 can stay stealthy. Back on topic..pics to come Wednesday I'll have some cool before and afters. Guys, JUMP ON THIS DEAL. Invoice and below pricing + 60%+ residual!!! Absolutely amazing. Leasing cannot get more attractive. BMW is going to have fun taking back these cars in 3 years. They will be worth 50% max IMO. Even if I wanted to buy out a car new from the beginning, I would lease it first (granted I planned on keeping it for at least 3 years). You get to try out the car and get the assurance that BMW will buy the car back from you at "x" amount. If the market is strong and you like the car, buy it out. If the market sucks you aren't left holding the bag. Also ties up less capital from the get go. Only advantage to buying new is catching a 1-2% interest rate. I know people that drive a lot of miles usually avoid leasing but I see it another way. If my lease is for 30k miles and I put say 70k miles on it. Buying the miles ahead of time is only 16 cents per mile (20 cents on a 7 series). Paying an extra $6400 sounds more appealing than trying to sell a 3 year old M5 with 70k miles on it. I almost feel such high miles with kill the value more like $10k and really limit your buyers.
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03-03-2014, 09:13 PM | #33 |
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Yep, agree with the various points you have made.
And nothing beats a brand new car every so often subsidized by uncle Sam if you are in business for yourself. Whether be leasing or financing, in the current inflationary environment, those rates are negligible anyway. For miles, the numbers work out better when taking advantage of the highest possible residual (61%) and then paying for extra miles before the lease ends. The savings will pay for that radar/ laser CM. PM where you are getting it done what deal you got there! |
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03-03-2014, 10:35 PM | #36 | |
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So I was able to get to the exact numbers. My MSRP is $103,825. Total OOP is $12,362.17 of which $7000 is multiples. So that leaves $5362. Then, I say you can't count the first payment as down money because it's exactly that; the first months rent. So then I am at $4363 down. And then I get $1000 back from BMW/CCA bringing it to $3363; and 3 months of payments bought back for the pull ahead on my F10 550. My math says I got this car for $3362 actual out of pocket and $999 per month and walked away from my current car that will be at max mileage the same week I take delivery of the new car. Might be my best BMW deal ever. Correction, it is the best deal I have ever enjoyed (after 15 new BMW's too). Pretty damn happy. Last edited by BMWonlyZone; 03-03-2014 at 11:00 PM.. |
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03-04-2014, 08:57 PM | #38 | |
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$999/ month for a 2014 ///M5! Great return on those $. Chasing a higher tax-adjusted return while considering we only live once... nah... who cares? And you get to walk away from a 2011 F10 with the "older" head unit/ toys? Well played sir! |
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03-04-2014, 11:07 PM | #39 | |
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Well played, ....Maybe! A great dealer who took advantage of a bad M5 market with no need for another one in inventory to say thanks for my business over the years, yes indeed! But Lucky? ..... that's for sure! A BMW Board Member couldn't have timed this better! I ///M-Lucky!!!!! |
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03-04-2014, 11:53 PM | #40 |
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If the deals are still as good in the summer I may pull the trigger on a M5. Do you guys think if there are left overs the rates and deals will be the same or if not better?
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03-04-2014, 11:57 PM | #41 |
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By summer, usually 2015 have hit the market, and what you find is 2014 leftovers; thus you might be able to find a good deal here and there.
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03-05-2014, 12:16 AM | #42 |
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Agreed. But a note about my deal, my car is relatively "light" on options. Only did Exec, lights, and 20". Start piling on packages/options and you'll scream to $1200/$1300 no problem. I think what I have are the minimum options anyone would get.
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03-05-2014, 12:09 PM | #44 |
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