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BMW 6-Series Lease Questions

136 messages,  Last post on May 12, 2009 at 8:45 PM

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What is this discussion about? BMW 6 Series, BMW M6, Car Leasing, Coupe, Convertible

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#108 of 136 Advice sought on M6 lease by bmwfan23 Nov 27, 2007 (8:06 pm)
Carman,    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. Replies to this message: Car_man (Dec 19, 2007 3:35 am) bmwfan23 (Dec 21, 2007 8:29 pm)
#109 of 136 Re: Advice sought on M6 lease [bmwfan23] by Car_man HOST Dec 19, 2007 (3:35 am)
Replying to: bmwfan23 (Nov 27, 2007 8:06 pm) You're very welcome, bmwfan23. The car that you are interested in probably has a spread of around $8,500 between its full MSRP and its dealer invoice price. The $8,000 discount that you were quoted looks good to me, especially given the fact that the dealer is absorbing the cost of getting you out of your Z4 lease early. BMW Financial Services' buy rate lease money factor for a 24 month lease of this car is .00270 for consumers who pay a security deposit at lease signing and .00285 with the waiver if the security deposit. That's pretty close to what you were quoted. Overall, I would say that this is a pretty good deal for this car.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: bmwfan23 (Dec 21, 2007 8:29 pm)
#110 of 136 650cic lease by dabledog Dec 21, 2007 (3:24 pm)
i'm looking at a lease on a new 2007 650cic msrp 94,470. the price i was quoted was 2249 at signing and 1107 for 36 mos, 100,000 yr with a residual of 58,500. Is this a good deal? Thanks Replies to this message: Car_man (Jan 11, 2008 2:25 am)
#111 of 136 Re: Advice sought on M6 lease [Car_man] by bmwfan23 Dec 21, 2007 (8:29 pm)
Replying to: Car_man (Dec 19, 2007 3:35 am) I'm glad you thought it was a reasonable deal, as I now have the car and love it! I look forward to spring so I can drive it every day. What a nice car!                                                                                          bmwfan23
#112 of 136 m6 lease questions by jtrejo Dec 24, 2007 (3:50 pm)
2007 m6 convertible used with 757 miles 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? Replies to this message: jtrejo (Dec 29, 2007 7:44 pm) Car_man (Jan 11, 2008 2:48 am) Car_man (Jan 11, 2008 2:35 am)
#113 of 136 Re: m6 lease questions [jtrejo] by jtrejo Dec 29, 2007 (7:44 pm)
Replying to: jtrejo (Dec 24, 2007 3:50 pm) I have a deal on the table for a 2007 black m6 coupe 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? Replies to this message: Car_man (Jan 11, 2008 2:48 am)
#114 of 136 Re: 650cic lease [dabledog] by Car_man HOST Jan 11, 2008 (2:25 am)
Replying to: dabledog (Dec 21, 2007 3:24 pm) Greetings dabledog. You never mentioned the selling price of the 650 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 the vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#115 of 136 Re: m6 lease questions [jtrejo] by Car_man HOST Jan 11, 2008 (2:35 am)
Replying to: jtrejo (Dec 24, 2007 3:50 pm) Hi jtrejo. Is this car technically a used vehicle or was it just a dealer demo? If it was always at the dealer and never owned by anyone it is still technically considered to be a "new" car and it would qualify for BMW Financial Services' new vehicle lease program.   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 Host Prices Paid: Buying & Leasing Experiences Forum
#116 of 136 Re: m6 lease questions [jtrejo] by Car_man HOST Jan 11, 2008 (2:48 am)
Replying to: jtrejo (Dec 29, 2007 7:44 pm) Hi jtrejo. The money factor that you were quoted for this car looks good to me. It is right in line with BMW Financial Services' buy rate for a 36 month lease of this car to a non-returning customer with a waived security deposit. This is a good sign.   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 Host Prices Paid: Buying & Leasing Experiences Forum
#117 of 136 2008 650 Coupe Lease by leross Feb 17, 2008 (11:25 am)
Guys,   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 Replies to this message: eights38 (Feb 17, 2008 9:28 pm) leross (Feb 26, 2008 6:36 pm)

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