| 12-29-2015, 07:12 PM | #1 |
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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 |
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It's an ok deal. The cap reduction isn't multiple security deposits is it?
How many miles per year?
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| 12-29-2015, 09:48 PM | #4 | |
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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 |
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| 12-29-2015, 10:00 PM | #5 | |
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Thanks for the response |
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| 12-29-2015, 11:52 PM | #6 | |
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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.. |
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| 12-30-2015, 11:46 AM | #7 |
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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. |
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| 01-01-2016, 03:35 AM | #8 | |
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For each SD the MF reduces by 0.00007 for total of 0.00049 (7 SD)...
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| 01-02-2016, 01:09 PM | #9 |
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So did you get it?!
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| 01-03-2016, 11:22 AM | #10 |
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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 |
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| 01-08-2016, 05:30 AM | #11 |
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I also need to know the multiple security deposit.!
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