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BMW 6-Series Lease Questions

kyfdxkyfdx Posts: 27,643
Ask your BMW 6-series lease questions here...

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  • What's the current lease program on the 650i convertible for 24 and 36 month leases at 15K/year.

    Thanks.
  • Edmund's Forum is a great place for information.

    What would be a fair lease on both autos above. 12000 miles, 36 months, zero down in NJ. What would be the money factor for a great credit rating?

    I thank you in advance for feedback.
  • Hey kevhollywood. BMW is not currently providing any sort of lease support on the 2006 6-Series. As a result, if you were to lease one through BMW Financial Services right now, you would have to use its standard lease money factor of .00280. BMW FS' residual value for a 24 month, 15,000 miles per year lease of a 2006 BMW 650i convertible is currently 69%. The residual for an otherwise identical 36 month lease is 59%. You may want to consider leasing an '05 645 Convertible. For the first time ever, BMW introduced lease support on it last month. Its current buy rate lease money factor is only .00145, plus you should be able to negotiate a bigger discount on it.

    Car_man
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  • I'm glad that you enjoy the forums so much, csanchez. I would be happy to estimate what your lease payments should be like on the above vehicles using BMW's current lease program for you, however in order for me to do so I need you to provide me with their full MSRPs (with the destination charge added in) and approximate selling prices. Let me know and I will let you know. See my previous post for info on what these cars' lease money factors are currently like. Thanks.

    Car_man
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  • Car Man: Thxs for responding, you were a great help on Lexus SC400 and GS300 that I have leased. I have seen I have seen the previous post regarding money factor which is helpful. Using BMW FS payment estimator on 2006 650i Coupe.
    MSRP 72495 (includes dest charge added, with sport pack $1800 and Cold Weather $750. Total is $75045, But BMW FS shows AMT Financed at $75670, with payments of $1376/Month for 36 months at 12000 miles, and I have a great credit rating. I realize in reading that these cars are selling at MSRP. Would $1376/month be a good price or can it be better? Again, thank you in advance for your help.
  • You're very welcome csanchez. Let's calculate a lease payment on a 2006 BMW 650i Coupe with an MSRP of $74,420 and a capitalized cost of $75,045 (with the acquisition fee added in). According to my calculations, this car should have a zero down, pre-tax 36 month, 12,000 miles per year monthly payment of around $1,180 with the payment of a security deposit. That's the payment that you should shoot for, less if you can negotiate any sort of discount.

    Car_man
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  • I am about to lease a 650 coupe (MSRP $79,400). The first quote I was given for 36 months, 15K miles a year , no money down was $1380. Any thoughts.
  • Hi rusty15. I would be happy to give you my opinion on the deal that you were quoted, however you never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment.

    Car_man
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  • The selling price is $77636.21. Thanks for your help.
  • Thanks for the additional information, rusty15. It appears as though you are being given a little over a $1,700 discount on a car that has over a $6,000 spread between its full MSRP and invoice price. As you can see, there is a lot of room to play with there. I am not sure exactly how much more of a discount you can negotiate on this car in your area right now, but you may want to see if you can get the price a little lower. For now, I will calculate a lease payment on the car that you are interested in using the prices that you were quoted and BMW's actual lease program so we can see if the dealer that you are working with is trying to mark-up your lease any. According to my calculations, if you were to lease a 2006 BMW 650i Coupe with an MSRP of $79,400 and a selling price of $77,636 through BMW Financial Services for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $1,224. Unless the payment you were quoted includes tax, or you are having your car's security deposit or acquisition fee waived something is not right with the payment that you were quoted.

    Car_man
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  • keno2keno2 Posts: 1
    Hi Car_man. I was hoping you could help w/ info on a lease for a 650i convertible. MSRP $84745 (including destination charge $695 and Gas Guzzler tax of $1700). Negotiated price is $81745. I'd be interested in 36 or 48 mo leases w/ 12k/yr. Thanks for your help.
  • I would be happy to help you out, keno2. Acording to my calculations, if you were to lease a 2006 BMW 650i Convertible with an MSRP of $84,745 and a selling price of $81,745 through BMW Financial Services right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around a whopping $1,237. The payment for an otherwise identical 48 month lease should be around $1,190.

    Car_man
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  • I am trying to lease a 2006 BMW 650i with an MSRP of about $85,000. I'm not getting quotes like the one you gave keno2 on November 21st. I too want a 36 month lease, 12,000 miles per year, zero down. I'm gettting told that the cars are selling at MSRP and that with $5,000 down my payments including tax would be $1400. I'm in Southern California. Can you give me any tips on how to actually lease a car for the payments your talking about. I have perfect credit.
  • Hi carinm. Your car's lease payment will depend upon what sort of a price you are able to negotiate on it. If you were to lease a 2006 BMW 650i with an MSRP of about $85,000 without receiving any sort of discount through BMW FS for 36 months with 12,000 miles per year, its zero down, pre-tax monthly payment would be around $1,354. A whopping $5,000 down payment would reduce the monthly payment for this lease to around $1,200, but is not a good idea. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your 6-Series would be exactly the same, regardless of whether you had put $5,000 down, or had made absolutely no down payment at all.

    Focus on trying to get this car for less than full MSRP. A $1,000 discount would reduce the aforementioned lease payment to around $1,323 and a $2,000 discount would drop it to $1,292.

    Car_man
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  • Car_Man,

    Looking at a lease for either a 2005 645 Coupe or a 2006 650 Coupe, depends on the deal and availability. However what I would like to know are the Money Factors and residuals for both cars this month for a 36 month Lease with 12,000 miles per year. Can you please help? Thanks, kjw
  • Hi kjwbmwm5. If you were to lease a 2006 BMW 650 Coupe through BMW Financial Services right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00285 and 59%, respectively. The numbers for an otherwise identical lease of a 2005 BMW 645 Coupe should be a much more attractive .00145 and 58%.

    Car_man
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  • njwlognjwlog Posts: 8
    Car_man

    Do you know if BMWFS is still offering this special lease rate on remaining '05 645 convertibles?

    njwlog
  • Hey njwlog. Unfortunately, the only 2005 model that BMW is still providing lease support on is the Z4. I don't even think that BMW Financial Services will lease 2005 6-Series models any longer. If you want to lease one now, you probably would have do to so through an independent bank.

    Car_man
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  • Car Man,

    Here is my situation, I'm currently in a lease on a 2003 745i. I have about a year left and I wanted to trade in the car for a new 650i and my question is, am I going to take a big hit when I trade in?

    Here is what I was offered for the 650i-
    $71,890-base w/out options
    $78,545-after options
    12k/year 36 months
  • bdr127bdr127 Posts: 950
    Call BMWFS and get your 745i payoff. Don't just add up the remaining payments.... Get their payoff quote. You can get an idea of what your car might trade in for via Edmunds or KBB. FYI, auction prices right now are at an average of about $38k for 40k miles.
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