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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

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


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#65 of 136
Re: BMW 6-Series: Lease Questions [knottyhottie] by Car_man HOST
Oct 30, 2006 (2:28 am)
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Replying to: knottyhottie (Oct 26, 2006 2:06 pm)

No problem, knottyhottie. The dealer really doesn't need a $4,500 down payment. They are just asking you for one to make your vehicle's monthly payment look more reasonable. It is actually in your best interest as a consumer not to make any sort of down payment. I always advise consumers not to make down payments when leasing because if their leased vehicle is totaled in an accident or stolen and never recovered, their down payment essentially disappears.
 
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
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#66 of 136
Re: BMW 6-Series: Lease Questions [Car_man] by knottyhottie
Oct 31, 2006 (3:03 pm)
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Replying to: Car_man (Oct 30, 2006 2:28 am)

Hi Car_man,
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!
#67 of 136
6 Series Lease by drlease
Nov 07, 2006 (11:28 am)
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Knottyhottie,
 
How much is due at inception? My leading bank usually does better. With $0 cap reduction, the payment is $1391.55+Tax, total due at inception is just first month and CA license Plates. If you tell me what county you are in I can give you with Tax. If that price includes tax with no money down, you have a winner.
#68 of 136
Re: BMW 6-Series: Lease Questions [knottyhottie] by Car_man HOST
Nov 08, 2006 (2:32 am)
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Replying to: knottyhottie (Oct 31, 2006 3:03 pm)

No problem, knottyhottie. It sounds like this deal is being run through a bank other than BMW Financial Services. I don't know what sort of residual value this bank is using for this car, but its money factor is lower than BMW's. A $2,000 discount on this car sounds reasonable to me. I just ran a sample 36 month, 15,000 mile per year lease on this car using BMW Financial Services' current program and I came up with a zero down, pre-tax monthly payment of around $1,265. I don't know how much sales tax added onto your monthly payment, but you actually may be better off leasing this car through BMW FS.
 
Car_man
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#69 of 136
Re: 6 Series Lease [drlease] by knottyhottie
Nov 08, 2006 (10:19 am)
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Replying to: drlease (Nov 07, 2006 11:28 am)

It's zero down, with $0 cap reduction. I'm in Orange County. The payment that the manager gave me was with a 39 month lease, tax not included. I just have to pay the security deposit of $2,173. What are your thoughts? Thanks for your help
#70 of 136
Re: BMW 6-Series: Lease Questions [Car_man] by knottyhottie
Nov 08, 2006 (10:22 am)
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Replying to: Car_man (Nov 08, 2006 2:32 am)

Hi Car_man, the manager told me he's using US Bank for the deal b/c my credit is good. The quote he gave me was for a 39 month lease, with zero down and 15K miles per year. If the money factor is lower with this bank, why would the payment be higher than through BMW FS? Unless the residual value US Bank has is lower than BMW FS, right? Thanks for your help
#71 of 136
USB MF by drlease
Nov 11, 2006 (10:48 am)
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Knottyhottie,
 
The dealer is marking up the MF on you. And yes, USB does have a lower residual. Outside banks have a much more reasonable residual than manufacturer programs. You can get more off than $2000. I bought one in Atlanta last week for $4800 off. Tell the dealer they need to do at least $4000 off to get the deal done. They can do it.
#72 of 136
Re: USB MF [drlease] by
Nov 16, 2006 (3:13 am)
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Replying to: drlease (Nov 11, 2006 10:48 am)

Ok so 5k off on a 06 is a good deal or 5k off on a 07...I got 24k off a 102k 2005 SL500 last year go figure...I guess the 6'ers are more rare.
 
I want to lease a black low optioned conv. before the end of the year...I'm in LA
#73 of 136
Re: BMW 6-Series: Lease Questions [knottyhottie] by Car_man HOST
Nov 28, 2006 (2:31 am)
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Replying to: knottyhottie (Nov 08, 2006 10:22 am)

Hey knottyhottie. You're right. If the money factor that is available through U.S. Bank is lower than the one that is currently available through BMW Financial Services, the only reason why a lease through it would be more expensive is if its residual values are lower.
 
Car_man
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Prices Paid Forum
#74 of 136
Hello Car man, new 650 lease question? by bmw650ci
Jan 01, 2007 (9:42 pm)
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Hello,
I am new to the forum, but have enjoyed edmunds website for years.
I found your forum and see you have given excellent advice on lease information regarding the 650. My questions may be repetitive , but your advice would really help me with this as this car is quite expensive for me to lease.
My best price on an 2007 650 convertible, with a sticker of 86690 is a net cap cost of 83191.
out of pocket is 3900. lease terms 12k miles/36 months, residual 63% money factor .00337, Is this a good deal or can I do much better, my sales tax is 8.1%, payment 1370/mo
 
Thanks for the information, it is much appreciated as I am also somewhat new to leaseing.
Steve

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