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Prices Paid: Buying & Leasing Experiences BMW 6-Series Lease Questions
136 messages, Last post on May 12, 2009 at 8:45 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Edmund's Forum is a great place for information. What would be a fair lease on both autos above. 12000 miles, 36 months, zero down in NJ. What would be the money factor for a great credit rating? I thank you in advance for feedback. |
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Hey kevhollywood. BMW is not currently providing any sort of lease support on the 2006 6-Series. As a result, if you were to lease one through BMW Financial Services right now, you would have to use its standard lease money factor of .00280. BMW FS' residual value for a 24 month, 15,000 miles per year lease of a 2006 BMW 650i convertible is currently 69%. The residual for an otherwise identical 36 month lease is 59%. You may want to consider leasing an '05 645 Convertible. For the first time ever, BMW introduced lease support on it last month. Its current buy rate lease money factor is only .00145, plus you should be able to negotiate a bigger discount on it. Car_man Host Smart Shopper / Prices Paid Forums |
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I'm glad that you enjoy the forums so much, csanchez. I would be happy to estimate what your lease payments should be like on the above vehicles using BMW's current lease program for you, however in order for me to do so I need you to provide me with their full MSRPs (with the destination charge added in) and approximate selling prices. Let me know and I will let you know. See my previous post for info on what these cars' lease money factors are currently like. Thanks. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Oct 04, 2005 3:08 am) MSRP 72495 (includes dest charge added, with sport pack $1800 and Cold Weather $750. Total is $75045, But BMW FS shows AMT Financed at $75670, with payments of $1376/Month for 36 months at 12000 miles, and I have a great credit rating. I realize in reading that these cars are selling at MSRP. Would $1376/month be a good price or can it be better? Again, thank you in advance for your help. |
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You're very welcome csanchez. Let's calculate a lease payment on a 2006 BMW 650i Coupe with an MSRP of $74,420 and a capitalized cost of $75,045 (with the acquisition fee added in). According to my calculations, this car should have a zero down, pre-tax 36 month, 12,000 miles per year monthly payment of around $1,180 with the payment of a security deposit. That's the payment that you should shoot for, less if you can negotiate any sort of discount. Car_man Host Smart Shopper / Prices Paid Forums |
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| I am about to lease a 650 coupe (MSRP $79,400). The first quote I was given for 36 months, 15K miles a year , no money down was $1380. Any thoughts. | |
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Hi rusty15. I would be happy to give you my opinion on the deal that you were quoted, however you never mentioned the selling price of the car 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 a vehicle that they want to lease is that it is necessary to calculate its lease payment. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Oct 17, 2005 1:47 am) |
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Thanks for the additional information, rusty15. It appears as though you are being given a little over a $1,700 discount on a car that has over a $6,000 spread between its full MSRP and invoice price. As you can see, there is a lot of room to play with there. I am not sure exactly how much more of a discount you can negotiate on this car in your area right now, but you may want to see if you can get the price a little lower. For now, I will calculate a lease payment on the car that you are interested in using the prices that you were quoted and BMW's actual lease program so we can see if the dealer that you are working with is trying to mark-up your lease any. According to my calculations, if you were to lease a 2006 BMW 650i Coupe with an MSRP of $79,400 and a selling price of $77,636 through BMW Financial Services for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $1,224. Unless the payment you were quoted includes tax, or you are having your car's security deposit or acquisition fee waived something is not right with the payment that you were quoted. Car_man Host Smart Shopper / Prices Paid Forums |
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Hi Car_man. I was hoping you could help w/ info on a lease for a 650i convertible. MSRP $84745 (including destination charge $695 and Gas Guzzler tax of $1700). Negotiated price is $81745. I'd be interested in 36 or 48 mo leases w/ 12k/yr. Thanks for your help.
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