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BMW 6-Series Lease Questions
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Car_man
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bmwfan23
net cap cost-98,995
money factor-.00205 through us bank
1529.83/mo without tax
residual 49%
3 yr lease
12k mi/yr
Can i get a better deal?
1725.00 down
Payments for 30 months 10k/yr come out to 1107.14+tax=$1198.48
Cap cost came out to $90419.35, MSRP was $102,875
money factor is .00265 is this good?
Car_man
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Have you gotten a quote for a similar lease of this car through BMW Financial Services? I ask because even though BMW FS' money factor for a new 2008 M6 Convertible is significantly higher than U.S. Bank's (.00270 versus .00205) its residual value is much better (62% versus 49%). You definitely should compare the two options before committing to one.
Car_man
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Now let's take a look at the other important aspect of this deal, the selling price. A 2007 BMW M6 Coupe that has an MSRP of $102,875 probably has a dealer invoice price of around $94,945. When we subtract the $4,500 dealer cash that BMW is providing on leases of this model from that we arrive at right around $90,500. This is almost exactly the price that you were quoted, so it looks like an excellent deal to me.
If you like the car, and who wouldn't , I personally don't see any reason not to go for it.
Car_man
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I've never leased before so any advice is appreciated.
My local BMW dealer in Roswell GA just referred to the bmwusa.com website for the current lease price. (plus $469 dealer fee $42 tag )
Vehicle Registered outside N.Y.
• $999 First months payment
• $3,500 Down payment
• $1,000 Security Deposit
• $5,499 Cash due at signing
MSRP of $76,375.00
10k/yr
The features I priced out came to $78,475. Would an experienced BMW leasee accept this at face value or should I be negotiating? If so, in what way? My credit is perfect if that matters. I don't drive more than 10k miles per yr.
How does my price of about 2k more typically affect the $999/month price? I'm worried that's where my inexperience will get exploited.
I get the impression that these lots have cars with a lot of the features you don't need just to inflate the price. Is that observation correct? No local cars here with my preferred color under $86k so do they order one for you for a lease or do you always have to lease what's on the lot and therefore pay a higher lease?
Thanks very much for puting yourself in my inexperienced shoes and offering any tips.
Randy
dealer offered: 3500 down payment, 1000 sec dep, $1153/month - includes $75 tax payment, basically a 12 week wait to get car, 60% residual, 10k miles (ok for me)
BMW is also extending its special lease offers on select 2006 Certified Pre-Owned vehicles.
Does anyone know what the lease deals are for the 2006 650 convertible?
4500 down and 700 monthly.This was 24months and 18,000 per year. I thought this was very high for that specific car. Carman or anybody else please help ... thx in advance...
Car_man
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I am wondering what money factors I can expect (I have excellent credit) for a 24 month 12k/year lease. Is it possible for my monthly after tax payments to be in the mid 500's?
Car_man
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Car_man
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Is that a good deal?
650i, sport, auto, pear leather, comfort access
MSRP $83,025
Sale Price $78,440
24 month, 10,000 mile-per-year lease
$1914.59 Total Drive off
$0 Cap Reduction
No Security Deposit
23 additionaly payments of $1204.47 + tax = $1303.84 (8.25% Sales Tax in LA)
69% Residual ($57,287.25)
.00210 Money Factor
$825 Acquisition Fee (Capitalized)
$45 Doc Fee (Capitalized)
This is if I don't make a security deposit, if I do, then MF is .00195 and the payments would be $1281.66.
Is that a good deal or should I push more for the sale price... right now it's about $1500 over invoice.
650I, sport, premium sound, comfort access, cold weather, head on display, HD radio, SIRIUS satelite
MSRP: 84695 excluding denstination and handliing fee
Selling: $78075
Down payment: $1700 TDO
Monthly: 1080$ (qualify for Owner loyalty program).
This is 36 month lease w/ 12k miles/yr.
Please help. Thank you
I expected much more trouble getting my price for a car that lists for $110K, but it wasn't really a problem. I'm in Jersey, but found a great salesman at West German BMW in PA. Great guys and ready to deal. Can't beat that.
I think your numbers are high. the base rate on the money factor is .00190, assuming these are 2009 cars. You should be paying around 500 over invoice for the car if its an 09. also, given the climate, you should pay the acquisition fee up front if you can, rather than paying interest on it for the lease term. if you have the money, multiple security deposits are the way to go, pushing down your MF to .00140. It will mean giving BMWFS a lot of money for the term of the lease, but the savings to you are tremendous, way more than you could earn putting the money into any kind of investment. look at bimmerfest.com for tons of info on getting the best lease deals.
Thanks,
Yesterday BMW announced that BMW FS is introducing a tiered system for its lease program. Its rates now vary by credit tier, with the people who have the best credit scores getting slightly better rates than what was available last month and much higher money factors for people with low credit scores.
I should be able to get the full details of this new program some time today. Please feel free to post your questions about it here and I'll gladly fill you in on what I am able to find out.
Car_man
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Sorry if this has been recently asked, but what are Nov and Dec MF and residuals for 36 month lease with 10k miles/yr.
also, what are current incentives?
Many thanks for any help
I'm looking at buying a 2012 BMW 650xi Cabriolet.. I got a quote from a local BMW dealer but lease pricing was grossly over the quote via BMW, even with taxes left out of the payments they about $55k in payments all in over a 36mo lease. Could you provide me what the Nov 2012 Lease program rates are for the BMW 6-series. I was quoted .00235 for money factor and 58% residual. I also qualify for Owner Loyalty. Not sure how much that is suppose to shave off.
Car sticker was $102,625.
This car's money factor is .00030 lower for loyal customers.
Car_man
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Thanks!
I am considering leasing a 650i Xdrive convertible, MSRP is $95,125. With the 7% knocked off for European Delivery, it comes down to $88,466. When I spoke to the sales guy, he told me that the lead time for these cars at the moment is between 90 and 120 days. The question that I have is around whether anyone has seen BMW commit to any additional programmatic savings, such as their "mission to drive" or "Enhanced Delivery" deals. This sales guy tells me that i would get the 7%, but then I would have to wait to see what programs are in place at the time I would actually pick up the car in Europe... and that current deals end on March 3rd. He couldn't get any commitment from his finance folks on any further discounts.
Thoughts?
Thanks!!
Car_man
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Car_man
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BMW used to provide additional discounts for loyal customers, but I believe that those all went away at the end of the year.
Car_man
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Car_man
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Car_man
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I'm looking to lease the current BMW 650i convertible, term 36, miles 15k. Do you happen to have the lease particulars on this vehicle pls? Also, do you think with the imminent M6 launch, MSRP on this vehicle will go lower ?
Thank you very much.
It's difficult to say what BMW will do with its pricing on this car when the M6 arrives. While I have seen a few price cuts this year, more often than not manufacturers do not cut their prices. I suspect that BMW won't, but you never know.
Car_man
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Thank you very much indeed. One further question if you please, can you recall when the money factor and residual have been more beneficial on this model, and if so, what are the chances of it returning to that value?
Again, very much appreciated, thank you.
TheSharkie
Car_man
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MSRP: 98100
Sales Price: 89000, which includes the $2500 options credit offer from BMW.
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