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2015 BMW M5 Lease
Good morning.
I am in the market for a new 2015 BMW M5 and the dealer I am working with is offering these terms:
MSRP $112,295
CAP COST: $106,862
MF: .00129
RESIDUAL: .62
DOWN PAY: $2,305.51
TERM: 36 months
MILES: 12,000/year
From this, I calculated the following:
MONTHLY DEPR: $970.38
MONTHLY L FEE: $224.69
MONTHLY PMNT: $1195.07 pre-tax
CA TAX (8%): $95.61
TOTAL MONTHLY PMNT: $1290.68
However, the dealer is telling me the pre-tax payment is $1364 and the total payment is $1473.51.
Can you please confirm that I am calculating this correctly and also help me to figure out why there is a discrepancy? I am heading up to the dealer today and wanted to have some insight before sitting down to negotiate further.
Additional info:
The dealer has not told me what the fees are related to acquisition, license, etc. but I believe they are included as part of the down payment in the amount of $832 (DP $2305.51 - TOT PMNT $1473.51).
The dealer is also telling me that there are no incentives at all available at this time. I inquired about loyalty credit (coming from a 750Li bought at this dealership 2.5 years ago), college grad (only for grads in last year), innovations credit (according to BMW website, $1,500 should be available), down payment waiver (this may already be applied - my credit is over 800), any upcoming Memorial Day sale incentives.
Any advice you are able to provide would be greatly appreciated.
Best regards,
Tom
I am in the market for a new 2015 BMW M5 and the dealer I am working with is offering these terms:
MSRP $112,295
CAP COST: $106,862
MF: .00129
RESIDUAL: .62
DOWN PAY: $2,305.51
TERM: 36 months
MILES: 12,000/year
From this, I calculated the following:
MONTHLY DEPR: $970.38
MONTHLY L FEE: $224.69
MONTHLY PMNT: $1195.07 pre-tax
CA TAX (8%): $95.61
TOTAL MONTHLY PMNT: $1290.68
However, the dealer is telling me the pre-tax payment is $1364 and the total payment is $1473.51.
Can you please confirm that I am calculating this correctly and also help me to figure out why there is a discrepancy? I am heading up to the dealer today and wanted to have some insight before sitting down to negotiate further.
Additional info:
The dealer has not told me what the fees are related to acquisition, license, etc. but I believe they are included as part of the down payment in the amount of $832 (DP $2305.51 - TOT PMNT $1473.51).
The dealer is also telling me that there are no incentives at all available at this time. I inquired about loyalty credit (coming from a 750Li bought at this dealership 2.5 years ago), college grad (only for grads in last year), innovations credit (according to BMW website, $1,500 should be available), down payment waiver (this may already be applied - my credit is over 800), any upcoming Memorial Day sale incentives.
Any advice you are able to provide would be greatly appreciated.
Best regards,
Tom
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Answers
I do show $1500 anniversary credit on the M5 as well.
Using your MSRP and selling price, I get a payment different from both your calculations and the dealer. I'm showing $1034.42 in depreciation, $227.67 in lease costs for a total pre-tax payment of $1262.08. Add 8% tax and the payment becomes $1363.05.
Use the "Car Research" tab at the top of the page to link to any other customer incentives available.
Can't answer the question why my numbers are different .. I use a home-grown spreadsheet as my lease calculator.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I would assume the dealer is marking up the money factor and not disclosing that..
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
10k miles bumps residual to 63% (assumed)
$104,095 MSRP configured like a normal person (executive package, 20" wheels, driver's assistance)
$98,890 net assuming 5% sticker
$1,150/mo with tax
Dealer black magic would surely come in and muck that up.
Wouldn't want to lease one of these beasts for 3 full years without plenty of backup money in the bank!
Not even sure if you can do MSDs or get 5% off. Just doing scratchpad math.
Can't speak to the size of the discount available on the M5, however.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
39 month numbers not viable.
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What do I have to do to get this kind of deal? Do all chances of configuring/picking colors go out the window on this kind of deal?
All you can do is make your best deal on price and try to avoid any junk fees that jack up the cap cost.
MSDs will reduce your MF and lower your monthly payment.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00138 MF and 52% residual for 36/15
$3000 buildout allowance
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We don't track selling prices, but for new 2016 models, we suggest 7% MSRP before incentives. As it's a year old already, I would probably go for more than that.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Looking for 36/10.
Tks
https://forums.edmunds.com/discussion/42031/bmw/m5/lease-factor-for-2016-m5#latest
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige