- #19 of 133
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Re: 645 or 650 Lease Numbers - Car_Man [njwlog]
by Car_man HOST
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Feb 09, 2006 (3:33 am)
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Replying to: njwlog (Jan 19, 2006 9:01 am)
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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- #20 of 133
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650 Lease
by wirefree
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Feb 14, 2006 (8:42 am)
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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
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- #21 of 133
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Re: 650 Lease [wirefree]
by bdr127
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Feb 14, 2006 (10:27 am)
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Replying to: wirefree (Feb 14, 2006 8:42 am)
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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- #22 of 133
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Re: 650 Lease [bdr127]
by 06hse
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Feb 16, 2006 (2:27 pm)
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Replying to: bdr127 (Feb 14, 2006 10:27 am)
I got the dealer to give me $39,000 for my car, I owe $46,000. They gave me a money factor of .00350 and residual of 57%, I feel like I'm not get the best deal with the credit rating that I have. I thought average money factor was around .00285? Anyway let me know what you think.
Can you work out the payments for me for me?
2006 650i
$78545 (after options)
12k/year 36,000 miles
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- #23 of 133
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Re: 650 Lease [wirefree]
by Car_man HOST
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Mar 03, 2006 (5:07 am)
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Replying to: wirefree (Feb 14, 2006 8:42 am)
Hi wirefree. I can't say for certain, but I suspect that you probably will have to pay a decent chunk of change to get out of your current lease a year early. As far as the lease on the 650i that you are considering goes, I would be happy to estimate what your lease payment should be on it if you provide me with its MSRP. If the number that you mentioned in your post is the MSRP, then I need you to provide me with its selling price.
Car_man
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- #24 of 133
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Re: 650 Lease [06hse]
by Car_man HOST
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Mar 03, 2006 (5:39 am)
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Replying to: 06hse (Feb 16, 2006 2:27 pm)
Hi 06hse. BMW is not currently providing any sort of lease support on the 2006 650i. As a result, if you were to lease one through BMW Financial Services right now, you would have to use its standard lease program. BMW's standard money factors have increased since you last saw them. I believe that BMW FS' standard lease money factor varies slightly by region, but in most areas it is currently .00300 with the payment of a security deposit and a $625 acquisition fee. BMW will waive its security deposit requirement in exchange for an increase of .00015 in a vehicle's money factor. BMW will waive its acquisition fee requirement in exchange for an increase of .00035 in a vehicle's money factor. If both of these items are being waived, that would bring this car's base money factor to .00350. If you are paying one or both of them, the dealer that you are working with is marking up your car's money factor to add additional back-end profit to your deal. This sort of thing is completely legal and happens all the time, but usually can be avoided by consumers who know what their car's buy rate money factor should be. I'd be happy to estimate what this car's lease payment should be for you, but in order for me to do so I need both its MSRP and its selling price. You provided one of them in your post, though I am not sure which one it was. Let me know the other and I will crunch some numbers for you.
Car_man
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- #25 of 133
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Re: 650 Lease [Car_man]
by bgarb
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Mar 29, 2006 (10:15 am)
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Replying to: Car_man (Mar 03, 2006 5:39 am)
Hi Car man,
I am looking at leasing a 2006 650 with a msrp of 79,100 for $76,660. The lease I am looking at is a five year lease that is assumable and the company says they can get me out of the lease in three years with some money to spare as their residual at the time will be $50,000 as opposed to $40,000 direct from BMW. The payments they are offering are $1,250 including tax. What do you think of this deal.
Thanks
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- #26 of 133
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Re: 650 Lease [bgarb]
by Car_man HOST
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Mar 31, 2006 (5:01 am)
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Replying to: bgarb (Mar 29, 2006 10:15 am)
Hi bgarb. Never believe a salesperson who tells you to lease for a really long term because they will be able to get you out of your lease early. It is usually fairly expensive to get out of leases well before their scheduled end dates. Salespeople tell consumers that they can get them out of their vehicles early all the time, to suck consumers into leasing vehicles that they might not normally want to lease for a shorter term because of how high the lease payment is. How does your sales person know how much your car will be worth three years from now or how much his dealership will be willing to give you for it then? He doesn't. If I was in your situation, I personally wouldn't lease this car for more than 36 models or so. Let's see what a lease payment for that length lease would be. According to my calculations, if you were to lease a 2006 BMW 650Ci Convertible with an MSRP of $79,100 and a selling price of $76,660 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 $1,204.
Car_man
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- #27 of 133
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650i lease
by carcrazy12
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Apr 14, 2006 (11:48 am)
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Hi Car Man, I am in the market for a Bmw 650i with an MSRP of $73,590. This is my first time asking for a quote i have not yet searched at dealers for any prices. I thought i would get your calculations first. I want to lease the car for 36-48 months which ever is cheaper for 12k per year and 2-4k down payment. Thanks
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- #28 of 133
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650i Lease
by seth2
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Apr 16, 2006 (3:32 pm)
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Hi Car Man,
An Atlanta dealer quoted me a purchase price for an '06 650i of $75,100. For a 36mo 15k miles per year lease they quoted a monthly payment of $1415.93 but want $2600 for an initial payment they say. The rate quoted was .00343 which seems high as I have outstanding credit. This deal seems expensive considering the purchase price compared to others. What gives? Thanks!
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