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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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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.
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Replying to: Car_man (Oct 09, 2006 2:44 am) 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.
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Replying to: knottyhottie (Oct 09, 2006 12:15 pm) 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.
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Replying to: drlease (Oct 19, 2006 5:59 am) 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 =) |
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Replying to: Car_man (Oct 09, 2006 2:40 am) Does that sound right to you? Do you think I can negotiate down some more?? Any advice is welcome and appreciated! TIA
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Replying to: knottyhottie (Oct 09, 2006 12:15 pm) Car_man Host Prices Paid Forum |
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Replying to: raja2 (Oct 11, 2006 11:17 pm) Car_man Host Prices Paid Forum |
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Replying to: mpdreamer (Oct 13, 2006 8:53 pm) Car_man Host Prices Paid Forum |
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Replying to: knottyhottie (Oct 26, 2006 2:06 pm) The selling price that you were quoted for this car is reasonable IF it does not take the large down payment that you were asked for into account. I think that the money factor that you were quoted is slightly high, but not horrible. I just double checked the payment that you were quoted and came up with the exact $1,319.11 that you were told. So the bottom line is that this is a good payment for a lease with no down payment, but not a very good one for a lease with a $4,500 down payment. Car_man Host Prices Paid Forum
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Replying to: Car_man (Oct 30, 2006 2:28 am) Thanks for getting back to me! =) I think I found a better deal at a different dealership. The msrp on this car is $81,440 and their giving it to me for $79,500 but the difference is it's a 39 month lease whereas the other dealer gave me a 36 month lease. I would prefer to have it for less months, but the money factor this dealer gave me is .00259. The GM said he'll get me the lease for $1,355. Does that sound about right to you? Do you think I can negotiate lower??? Thanks!
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