12-29-2015, 07:12 PM | #1 |
New Member
1
Rep 5
Posts |
Did I Get A Good Deal, Please Help!
I'm new here and wanted the community help. you guys are really great!!
i got this offer on 2015 M5. is it any good? Sticker price: $124,900 (car is loaded with almost everything) Selling price: $106,900 Cap reduction: $2,634 term: 36 months MF: 0.00131 Residual: .59 (this is 2015 model) down payment: $5,000 (includes fees, tax, first month and the additional cap reduction) MONTHLY PAYMENT: $1,100 (tax included) can i do better? PLEASE HELP!!! |
12-29-2015, 08:31 PM | #2 |
Major
369
Rep 1,215
Posts |
It's an ok deal. The cap reduction isn't multiple security deposits is it?
How many miles per year?
__________________
2021 M5 Competition Marina Bay Blue/ Individual Tartufo/ Individual Piano Black Trim. Took delivery 11/27/2020 2017 X5 ///M Silverstone/Mugello Red/ Carbon Fiber Trim Turned in 11/27/2020 |
Appreciate
0
|
12-29-2015, 09:48 PM | #4 | |
New Member
1
Rep 5
Posts |
Quote:
No SDs. I think the cap reduction is what's left from the 5k down payment (after fees, taxes, 1st payment etc.) This is for 10k miles |
|
Appreciate
0
|
12-29-2015, 10:00 PM | #5 | |
New Member
1
Rep 5
Posts |
Quote:
Thanks for the response |
|
Appreciate
0
|
12-29-2015, 11:52 PM | #6 | |
Private
35
Rep 72
Posts |
Quote:
As to downside, it becomes a significant hassle most times if you want to rid of the lease before the term is up, as most people balk at paying you the MSDs when they takeover a lease. Even though you paid the MSDs when you started the lease, BMW will return them to whoever is the lessee when the lease term ends. Last edited by 240SXFAN; 04-15-2017 at 01:29 PM.. |
|
Appreciate
1
|
12-30-2015, 11:46 AM | #7 |
Major
369
Rep 1,215
Posts |
Also, NEVER put money down on a lease. If you total your car, you're out that $.
240SXFAN gave some good examples of potential issues with using Multiple Security Deposits (MSD's) but that is still the preferred way if you wish to buy down your monthly payment. |
Appreciate
1
|
01-01-2016, 03:35 AM | #8 | |
Major General
1445
Rep 6,278
Posts |
Quote:
For each SD the MF reduces by 0.00007 for total of 0.00049 (7 SD)...
__________________
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
|
01-02-2016, 01:09 PM | #9 |
First Lieutenant
71
Rep 354
Posts |
So did you get it?!
__________________
2015 BMW M///5 Comp. Package I Black Sapphire Metalic I Full Black Leather I Gruppe M Intakes I 3D Design Side Skirts I HRE FF01 I RKP Lip I IND Cosmetic Pkg I JB4 BETA I BMS Meth SS I MSR CP I Challenge SS Brake Lines I Challenge Diffuser I Undercover DP's I Dodson Clutch Packs I VRS GTS Tips I M Perf. Carbon Mirrors, Spoiler and Full Interior +++ 698 WHP & 653 WTRQ (Corrected) |
Appreciate
0
|
01-03-2016, 11:22 AM | #10 |
New Member
1
Rep 5
Posts |
Nope! I waited too long and it was sold a day before I came back.
I'm killing myself on loosing this one. 2016 running a bit higher in terms of lease payments goes. It is hard to negotiate the selling price of the car. I hope I'll find same or better deal soon |
Appreciate
0
|
01-08-2016, 05:30 AM | #11 |
Registered
0
Rep 1
Posts |
I also need to know the multiple security deposit.!
__________________
|
Appreciate
0
|
Post Reply |
Bookmarks |
Tags |
lease m5 f10, lease rate |
|
|