Last post on Nov 17, 2013 at 4:16 PM
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BMW 6 Series, BMW M6, Car Leasing, Coupe, Convertible
#52 of 232 Re: BMW 6-Series: Lease Questions [kyfdx]
Sep 29, 2006 (1:23 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.
#53 of 232 Re: 650i Lease [Car_man]
Oct 08, 2006 (7:40 pm)
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.
#54 of 232 Re: BMW 6-Series: Lease Questions [knottyhottie]
Oct 09, 2006 (2:40 am)
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.
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#55 of 232 Re: 650i Lease [mpdreamer]
Oct 09, 2006 (2:44 am)
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.
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#56 of 232 Re: BMW 6-Series: Lease Questions [Car_man]
Oct 09, 2006 (12:15 pm)
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.
#57 of 232 m6 lease
Oct 11, 2006 (11:17 pm)
I am looking at leasing a 2007 M6 in a little less than a year. I spoke to one dealer so far just to get a rough estimate on what lease payments would be if the car's sales price was approximately $100K. I got some outrageous payments; $2200 (no money down) and $1739 (with $14K down) a month with a 36 month lease 15K miles a year. Does this sound right to you??
I leased a 2005 545 (15K miles a year) a year ago with a selling price of $63K and $14K down for $513 a month. This lease is nowhere near the lease payment on the M6. The M6 is over 3x's more with the same money down. My friend suggested that since it is a rare care they can charge what they want, which I don't agree with.
Any info and calculations would be appreciated.
#58 of 232 Re: 650i Lease [Car_man]
Oct 13, 2006 (8:53 pm)
Thanks for your response. I appreciate your willingness to help. The residual that I was given by the dealer for '06 was 61% because it was a 10K Maximum. I am flexible as to whether the car I lease is an '06 or '07, provided the premium for the '07 is not too high. Again, many thanks.
#59 of 232 Re: BMW 6-Series: Lease Questions [knottyhottie]
Oct 19, 2006 (5:59 am)
You CAN get money off on the 07 models right now. Not only that, but you can get a lower money factor than BMW FS. I work for a leasing company and we offer 2007 650's at $2000 off MSRP. Not only that, but we can get a .00309 MF on these cars.
the BMW FS Program on these cars is NOT the way to go.
#60 of 232 Re: BMW 6-Series: Lease Questions [drlease]
Oct 20, 2006 (12:59 pm)
I've asked around a couple dealers and they don't have the 2007 650 in stock yet. Does a leasing company get access to certain cars before the dealership does? Or has the 07 650 been released in certain parts of the country already? I'm in Southern California. Also, do you have any leasing companies you can rec? Thanks for your help =)
#61 of 232 Re: BMW 6-Series: Lease Questions [Car_man]
Oct 26, 2006 (2:06 pm)
I really appreciate your help and input on all these leasing questions from me! =) I got to negotiate with a local dealer on the 07 coupe which I realize would be best for me to get. MSRP is $80,240 and the residual is 55% at $44,132. The adjusted cost that they're giving me is $76,815.88. The money factor is 0.00340 for 3 years, 15K miles. They said they need $4,500 down and my monthly payment will be $1,319.11 before taxes.
Does that sound right to you? Do you think I can negotiate down some more?? Any advice is welcome and appreciated! TIA