- #52 of 136
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Re: BMW 6-Series: Lease Questions [kyfdx]
by knottyhottie
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Sep 29, 2006 (1:23 pm)
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Replying to: kyfdx (Sep 23, 2005 6:26 pm)
Hi there, I was wondering if it was better for me to wait for the 2007 650 coupe to come out in November rather than leasing a 2006 right now? I was told conflicting advice from 2 different sales people. A sales person told me to wait for the 2007 release as it would have a higher residual value. The manager at another dealership told me that I would get a way better deal getting a 2006 since the money factor would be lower on the 2006. He also told me that he had a pre-owned 2006 w/only 2K miles on it that he could get me a great deal on.
What do you advise? Thnaks.
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- #53 of 136
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Re: 650i Lease [Car_man]
by mpdreamer
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Oct 08, 2006 (7:40 pm)
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Replying to: Car_man (May 17, 2006 8:11 am)
I am just starting my work on leasing the 650i. Test drove it today and loved it. Dealer used an MSRP of 85,545 and a Cap Cost of $83,400. he used a money factor of .00325 through BMW Financing and a residual of 54% because I was interested in a 10K miles per year lease (which he said adds 3 percentage points to the residual). Can anybody tell me whether these numbers are in the range, or share any current intelligence on current residuals and money factors for this vehicle? Any other hints as to minimize the pain associated with leasing this vehicle would be much appreciated. Thanks.
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- #54 of 136
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Re: BMW 6-Series: Lease Questions [knottyhottie]
by Car_man HOST
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Oct 09, 2006 (2:40 am)
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Replying to: knottyhottie (Sep 29, 2006 1:23 pm)
Hi knottyhottie. When vehicles do not have any sort of lease money factor support, like the BMW 6-Series right now, it is often best to lease the brand new model, i.e. the 2007 650 Coupe, instead of a leftover model. As you were told, the 2007 650 will have higher residual values and assuming that you can negotiate a selling price that is fairly close to the price that you would be able to get a 2006 model for the higher resids will actually make it less expensive to lease. The sales manager that told you the 2006 model is the better deal because it has a lower money factor was wrong. Assuming that the dealer you are working with is not marking these cars' money factors up, they should be exactly the same.
Car_man
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- #55 of 136
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Re: 650i Lease [mpdreamer]
by Car_man HOST
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Oct 09, 2006 (2:44 am)
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Replying to: mpdreamer (Oct 08, 2006 7:40 pm)
Hello mpdreamer. BMW is not currently providing any sort of lease money factor support on the BMW 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. BMW FS' standard money factor varies by region, but the factor that you were quoted is in the right ballpark. I would be happy to give you an idea of what this car's residual value should be like if you tell me whether you are looking at a 2007 or a 2006 model and how long you are interested in leasing for.
Car_man
Host
Prices Paid Forum
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- #56 of 136
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Re: BMW 6-Series: Lease Questions [Car_man]
by knottyhottie
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Oct 09, 2006 (12:15 pm)
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Replying to: Car_man (Oct 09, 2006 2:40 am)
Hi Car_Man,
Thanks for the response. I talked to the manager again and he said that I should get the 2006 model b/c they are trying to get rid of it and I can negotiate a better selling price. He said that with the 2007, I wouldn't be able to negotiate much since it would be newly released and they never go under msrp. I know that the 07 will have higher residual values, but do you think that it's best to negotiate for the 06 or wait for the 07 with an unnegotiable price but higher res value?? Thanks.
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