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BMW 6-Series Lease Questions
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Comments
Thanks for your response. I appreciate your willingness to help. The residual that I was given by the dealer for '06 was 61% because it was a 10K Maximum. I am flexible as to whether the car I lease is an '06 or '07, provided the premium for the '07 is not too high. Again, many thanks.
You CAN get money off on the 07 models right now. Not only that, but you can get a lower money factor than BMW FS. I work for a leasing company and we offer 2007 650's at $2000 off MSRP. Not only that, but we can get a .00309 MF on these cars.
the BMW FS Program on these cars is NOT the way to go.
I've asked around a couple dealers and they don't have the 2007 650 in stock yet. Does a leasing company get access to certain cars before the dealership does? Or has the 07 650 been released in certain parts of the country already? I'm in Southern California. Also, do you have any leasing companies you can rec? Thanks for your help
Does that sound right to you? Do you think I can negotiate down some more?? Any advice is welcome and appreciated! TIA
Car_man
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Car_man
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Car_man
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The selling price that you were quoted for this car is reasonable IF it does not take the large down payment that you were asked for into account. I think that the money factor that you were quoted is slightly high, but not horrible. I just double checked the payment that you were quoted and came up with the exact $1,319.11 that you were told. So the bottom line is that this is a good payment for a lease with no down payment, but not a very good one for a lease with a $4,500 down payment.
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Thanks for getting back to me!
I think I found a better deal at a different dealership. The msrp on this car is $81,440 and their giving it to me for $79,500 but the difference is it's a 39 month lease whereas the other dealer gave me a 36 month lease. I would prefer to have it for less months, but the money factor this dealer gave me is .00259. The GM said he'll get me the lease for $1,355. Does that sound about right to you?
Do you think I can negotiate lower??? Thanks!
How much is due at inception? My leading bank usually does better. With $0 cap reduction, the payment is $1391.55+Tax, total due at inception is just first month and CA license Plates. If you tell me what county you are in I can give you with Tax. If that price includes tax with no money down, you have a winner.
Car_man
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The dealer is marking up the MF on you. And yes, USB does have a lower residual. Outside banks have a much more reasonable residual than manufacturer programs. You can get more off than $2000. I bought one in Atlanta last week for $4800 off. Tell the dealer they need to do at least $4000 off to get the deal done. They can do it.
I want to lease a black low optioned conv. before the end of the year...I'm in LA
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I am new to the forum, but have enjoyed edmunds website for years.
I found your forum and see you have given excellent advice on lease information regarding the 650. My questions may be repetitive , but your advice would really help me with this as this car is quite expensive for me to lease.
My best price on an 2007 650 convertible, with a sticker of 86690 is a net cap cost of 83191.
out of pocket is 3900. lease terms 12k miles/36 months, residual 63% money factor .00337, Is this a good deal or can I do much better, my sales tax is 8.1%, payment 1370/mo
Thanks for the information, it is much appreciated as I am also somewhat new to leaseing.
Steve
Just curious if you know what a good customer choice monthly would be on an '07 M6 with a sticker of about $109k. I currently have an '05 645ci and am in good shape getting out of it break even. I am willing to put down $5 - 10K if necessary to bring the monthly down. I have seen ads on E-bay for new M6 leases at $1599 per month with zero down. Is that reasonable??? Residual value is huge on the M's, and with the past two I owned befor ethe 645 it kept monthly a bit lower. Thoughts??
Thanks very much!
As far as this car's selling price goes, you are being given around a $3,500 discount on a car that has a spread of around $6,500 between its full MSRP and dealer invoice price. This leaves around $3,000 for the dealer. I am not intimately familiar with what the market for this car is right now, but this looks like a reasonable deal to me.
The bottom line is that this deal looks about right for this car to me.
Car_man
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I've noticed you're quite educated in BMW leases. I have a few questions if you don't mind. I'm looking into leasing an 07 650i coupe auto or manual for 36mos 10k mi yr, or whichever term that is 36 mos or less MAX 39 to give me the best scenario. With MSRP of 85595 I believe (hoping for 3-4k off msrp) with minimal down what would the payment?? I'm located in Central CA tax rate is 7.25% 720 score. I'd be interested in knowing the residual & MF through BMW FS & acq fee and/or sec deposit. I want the Sport pkge, criuse, comfort access, heads up, heated seats, active steering and I think that's it if that helps you any...thanks in advance!
Help. I'm trying to determine if the lease deal I'm being offered is decent. Am looking at a 2006 650i convertible with 2600 miles. Am being offered a lease factor of .00407 (approx. 9.77%?)by the dealership. Our tax rate is 8.25% where I live and car sales price is $79K. They want $6980 down. Lease would be 36 months w/ 18,000 miles/year, resulting in $1661.27/month. Does this seem like a reasonable deal or am I being taken for a bit of a ride?
Car_man
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$6,980 is too much money to put down on a lease. I always advise consumers against making down payments on leased vehicles. Consumers who do risk losing them if their vehicle is totaled in an accident or stolen and never recovered.
What is this car's MSRP? This number will enable me to see how much of a discount you are being given on this car and to use BMW's current lease program to estimate what your monthly payment should be. Off of the top of my head, I'd say that the lease payment that you were quoted is too high.
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I just wanted to says thank you for this forum.
I recently found this website and posted to ask you some lease questions.
I have succesfully got my dream car 2007 650 vert, and I feel much better about my lease.
I have always been nervous about "getting taken" at the dealers, because it seems the consumer has a difficult time getting all the infomation. Your current information on residual values and money factors is very helpful! I now know I did not overpay and recevied a fair deal.
You are providing a very valuable service here, and I sincerely thank you for putting your time in and helping other people get into their dream cars at a fair and reasonable deal!
Steve
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I hate to bug, but you seem to be able to answer all the right questions! I was inquiring on the 650i, but before any of that, I'm in LOVE w/the M6. Now I've ran across some used ones w/3k miles or less, 06 & 07's. There seems to be quite a few around and also have seen ad's for new 07's (some up to 5k off) and a lease payment for 30mos at 1499 or 1599 w/no money down except all the driveoff stuff. If I put down 6k (includeds tax on red, lic, 1st pymnt, etc.) is it possible on a new one to get to a 1350 payment before taxes???? I really like the interlagos blue...not avail on 650i. Thanks in advance, Missi
I know your a big hit on here..I don't really want to waste your time. Although my ? was just like everyone else. I recently took out a BMW M6 and a 650I for a test drive. I was fortunate enough for them to let me drive the M6 around the block. Although I wanted to lease the M6. So im talking to the sales person and he's giving me a list of quotes. Then i realized i think he is taking me for a fool. He tells me to put 50K down on a 2006 BMW M6 and a 36K month lease with 1300 month..the price for the M6 was about (102K) and I just went along with it and acted like it was the best deal. Then he tells me for a 650I if i put around 20K down then Id pay around 1000K month the whole price for the 650I was about (82K)..I left there making him believe i wanted those deal. I knew it was a rip off. Could you recommend what I should be paying on a 06 BMW M6 with about 10K down price of about 102k..If you could help me i would greatly appreciate it.
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First of all id like to thank you for taking the time to looking into it for me. I appreciate it.Well Im going to lease an 06. I wanted to aim more towrds a 5 year lease if I could. I was planning on putting (5-10K). Ya Im sure he thought he could have got more money out of me. Like i said im young and I have money and since he knows im only 18 he thinks im going too fall for whatever he tells me. Honestly I was at first thinking of putting 50K down like he said. But then yea i came to my senses. I was going ot try to aim at 1K payments.. if i could do it.
Any suggestions of what you think I should put down on a 06 lease? for 1K payments?
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Spt. pkg.
Cd. wth.
Auto
C.A.
HUD
HD Radio
Sat. Radio
Logic
M.S.R.P. 81,440
Neg. Price 77,000
Resi. 59%
M.F..00315
Mileage 12k
36 mo.
2,000 T.O.
Pymt. 1,316 tax incl.
Should I pull the trigger? :confuse:
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Looking at a 2007 650i msrp $77,750 -- what price would be a good deal if I pick up in Munich - looking at zero down 36mo lease 10K a year -- buying in Florida
I wrote you a while back. I think I am going to skip the M6. Don't think it is worth the extra $$. Anyway, I got this quote I would like you to review. Tell me what you think.
I don't know if this makes a difference, but they don't have the car in stock and I would need to order it from Germany. Thanks in advance for your time and effort.
So here it is:
2 year LEASE/ 15K Miles/ $0 down
Sticker $85220.00
Neg price $79605.00
Net Cap Cost $79605.00
Adj Residual $55891.40
Money Factor(that I was told): 0.00240
Monthly lease Charge $325.19
Base Payment: $1313.26
Monthly Tax: $101.78
Total Payment: $1415.04 monthly
In addition, could you tell me if you think I could talk the price down even further? How much wiggle room do I have?
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We were told (over this past weekend) that it is 0.00315
we test drove a 6 series with no options, msrp 75.5k and was offered at $73.5k and with a 15k mile per year 36 mo. lease, the quoted monthly payment is around $1312 after 8.25% sales tax.
Is this a good deal?
Thanks!
I am in the process of leasing an M6 Convertible, 3yr/ 12k per yr and am being quoted MF in the .00320-.00325 range with a claimed buy rate of .00310. What do you think?
Car_man
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I am considering leasing a certified pre-owned 2005 645 convertible through my local dealership. I would only lease it for 36 months and 12K miles per year. Can you help me with lease rates and MF numbers and residuals on used 04 or 05 6 series coupes and convertibles? Thanks!
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I'm considering a lease on either 2007/2008 650Ci. How do I determine if I'm getting a good deal?
I'm not familiar with leasing programs however, it appears BMW is offering $4500 rebates on leases of 2007 vehicles to clear them out. What should I expect the price of the car to be compared to invoice pricing? The dealer is claiming their best price is $5k over MSRP (ridiculous!) and for a 2007 model it is $1500 over MSRP.
For a 2 or 3 year lease the
2008 is 1400/mo with $10K down
2007 is 1200/mo with $5k down
Why do they add salestax to the price of the lease calculation? tax rates differ and you really dont pay sales tax if you dont buy the car...
thanks,
I'd like to briefly relate the following experience:
I got a quote from a dealer who posted a lease offer for a 6-speed equipped 07 M6 online: 30 months, 10k/year, $0 down, $1372/mo.
Sounds good, right? Especially considering your rates on 08/07 650s. It gets better, though.
I went to yet another dealership with that offer in hand and a laptop. The laptop had an Excel spreadsheet on it that had formulae for calulating lease details- you plug in the numbers, and it spits out the lease payment.
Anyway, when I first showed up, before presenting any of the above, I was offered an 07 650i for $1408/mo on the terms above. They must have seen the disdain on my face as I pulled out the other offer and my laptop. I told them the 07 650i offer made no sense given the m6 offer I had in hand. I asked them to do better than the m6 offer on their own m6. I won't disclose the terms, but they DID do better- FAR better. They applied the BMW rebate to bring the price down to invoice, though, so they are still making a good amount of money... but I was satisfied with the offer.
By the way, the offer required one month's payment. Don't be afraid to try for an 07 M6- those things are not selling and are subject to the same rebates. Some dealerships are doing very well, though, so they may not be so accomodating.
BTW, the rebate is $4500 off of INVOICE, NOT MSRP. So if the dealer paid $91k for your car, they are in essence only paying $86,500 for it with that rebate. That should be your starting point in negotiations, not the 100k+ MSRP.
I have also heard from friends in the EC, that when you buy a new BMW, a weekend driving class is included in the price at the BMW driving school. I've not heard that in California. Were you offered the M driving course with your purchase?
Good advice so far...thanks for the previous posts. I have an offer from a dealer I would like your opinion on. 2007 M6 coupe, msrp ~109k, cap cost of 101k, residual 72% (on 2 year lease), mf .00290 and a pretax payment of $1512/month with no money down (2 years, 10k miles per year). The dealer is also willing to absorb my current lease-2006 Z4 with 14 months left at $450/month (on a 30 month lease) at no additional charge. Does this sound like a good deal to you? Anyone else feel free to comment as well. Thanks again.