Ask the Car People.SM


BMW 6-Series Lease Questions

208 messages,  Last post on May 19, 2013 at 3:31 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 4 of 22

#25 of 208 Re: 650 Lease [Car_man] by bgarb

Mar 29, 2006 (10:15 am)

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

#26 of 208 Re: 650 Lease [bgarb] by Car_man HOST

Mar 31, 2006 (5:01 am)

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
Host
Smart Shopper / Prices Paid Forums

#27 of 208 650i lease by carcrazy12

Apr 14, 2006 (11:48 am)

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

#28 of 208 650i Lease by seth2

Apr 16, 2006 (3:32 pm)

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!

#29 of 208 650I Convert. by drking

Apr 17, 2006 (6:19 pm)

For a purchase price of $80,400; 36 mo., 12K miles, only $160 down for registration, tag, etc. what should I expect the monthly payments before taxes to be? What rate?
 
Also located in Atlanta.

#30 of 208 Re: 650i lease [carcrazy12] by Car_man HOST

Apr 20, 2006 (2:57 am)

Replying to: carcrazy12 (Apr 14, 2006 11:48 am)
Hi carcrazy12. I can't estimate what this car's lease payment should be without knowing what its selling price is, but I can give you an idea of what its lease program is currently like. If you were to lease a 2006 BMW 650Ci through BMW Financial Services right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be an unattractive .00300 and 54%, respectively. The numbers for an otherwise identical 48 month lease should be .00300 and 43%.
 
I notice that you mentioned making a down payment of as much as $4,000 on this car. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your 6-Series would be exactly the same, regardless of whether you had put $4,000 down, or had made absolutely no down payment at all.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#31 of 208 Re: 650i Lease [seth2] by Car_man HOST

Apr 20, 2006 (3:00 am)

Replying to: seth2 (Apr 16, 2006 3:32 pm)
Hi seth2. This car's current buy rate lease money factor is .00300 with the payment of a security deposit equivalent to your monthly payment rounded up to the nearest $50 increment. Make sure to insist that this factor is used to calculate your car's lease payment. As far as your initial payment goes, at lease signing you will have to pay your car's first month;s payment, the aforementioned security deposit, BMW Financial Services' $625 acquisition fee, any capitalized cost reduction that you choose to make (this should be $0), and any required state taxes or fees.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#32 of 208 Re: 650I Convert. [drking] by Car_man HOST

Apr 20, 2006 (3:01 am)

Replying to: drking (Apr 17, 2006 6:19 pm)
Hello drking. I would be happy to estimate what this car's lease payment should be for you, but in addition to the selling price that you mentioned, I also need you to provide me with its full MSRP (including the destination charge).
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#33 of 208 lease price by carcrazy12

Apr 20, 2006 (8:10 pm)

How much would the lease be on the 650i and lets say the selling price is $73,590 for 36 months and 12k miles per year.

#34 of 208 Re: 650I Convert. [Car_man] by drking

Apr 25, 2006 (12:22 pm)

Replying to: Car_man (Apr 20, 2006 3:01 am)
MSRP of $84440.

Messages Page 4 of 22

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement