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BMW 6-Series Lease Questions

136 messages,  Last post on May 12, 2009 at 8:45 PM

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

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#8 of 136 BMW 650 lease by rusty15 Oct 15, 2005 (2:42 pm)
I am about to lease a 650 coupe (MSRP $79,400). The first quote I was given for 36 months, 15K miles a year , no money down was $1380. Any thoughts.
#9 of 136 Re: BMW 650 lease by Car_man HOST Oct 17, 2005 (1:47 am)
Hi rusty15. I would be happy to give you my opinion on the deal that you were quoted, however you never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: rusty15 (Oct 17, 2005 11:19 am)
#10 of 136 Re: BMW 650 lease [Car_man] by rusty15 Oct 17, 2005 (11:19 am)
Replying to: Car_man (Oct 17, 2005 1:47 am) The selling price is $77636.21. Thanks for your help.
#11 of 136 Re: BMW 650 lease by Car_man HOST Oct 27, 2005 (3:09 am)
Thanks for the additional information, rusty15. It appears as though you are being given a little over a $1,700 discount on a car that has over a $6,000 spread between its full MSRP and invoice price. As you can see, there is a lot of room to play with there. I am not sure exactly how much more of a discount you can negotiate on this car in your area right now, but you may want to see if you can get the price a little lower. For now, I will calculate a lease payment on the car that you are interested in using the prices that you were quoted and BMW's actual lease program so we can see if the dealer that you are working with is trying to mark-up your lease any. According to my calculations, if you were to lease a 2006 BMW 650i Coupe with an MSRP of $79,400 and a selling price of $77,636 through BMW Financial Services for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $1,224. Unless the payment you were quoted includes tax, or you are having your car's security deposit or acquisition fee waived something is not right with the payment that you were quoted.   Car_man Host Smart Shopper / Prices Paid Forums
#12 of 136 BMW 650i Conv. Lease by keno2 Nov 09, 2005 (2:48 pm)
Hi Car_man. I was hoping you could help w/ info on a lease for a 650i convertible. MSRP $84745 (including destination charge $695 and Gas Guzzler tax of $1700). Negotiated price is $81745. I'd be interested in 36 or 48 mo leases w/ 12k/yr. Thanks for your help. Replies to this message: Car_man (Nov 21, 2005 3:39 am)
#13 of 136 Re: BMW 650i Conv. Lease [keno2] by Car_man HOST Nov 21, 2005 (3:39 am)
Replying to: keno2 (Nov 09, 2005 2:48 pm) I would be happy to help you out, keno2. Acording to my calculations, if you were to lease a 2006 BMW 650i Convertible with an MSRP of $84,745 and a selling price of $81,745 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 a whopping $1,237. The payment for an otherwise identical 48 month lease should be around $1,190.   Car_man Host Smart Shopper / Prices Paid Forums
#14 of 136 BMW650i conv. lease by carinm Nov 22, 2005 (5:53 pm)
I am trying to lease a 2006 BMW 650i with an MSRP of about $85,000. I'm not getting quotes like the one you gave keno2 on November 21st. I too want a 36 month lease, 12,000 miles per year, zero down. I'm gettting told that the cars are selling at MSRP and that with $5,000 down my payments including tax would be $1400. I'm in Southern California. Can you give me any tips on how to actually lease a car for the payments your talking about. I have perfect credit. Replies to this message: Car_man (Dec 07, 2005 3:39 am)
#15 of 136 Re: BMW650i conv. lease [carinm] by Car_man HOST Dec 07, 2005 (3:39 am)
Replying to: carinm (Nov 22, 2005 5:53 pm) Hi carinm. Your car's lease payment will depend upon what sort of a price you are able to negotiate on it. If you were to lease a 2006 BMW 650i with an MSRP of about $85,000 without receiving any sort of discount through BMW FS for 36 months with 12,000 miles per year, its zero down, pre-tax monthly payment would be around $1,354. A whopping $5,000 down payment would reduce the monthly payment for this lease to around $1,200, but is not a good idea. 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 insurance company pays off the bank that you were leasing it through and 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 $5,000 down, or had made absolutely no down payment at all.   Focus on trying to get this car for less than full MSRP. A $1,000 discount would reduce the aforementioned lease payment to around $1,323 and a $2,000 discount would drop it to $1,292.   Car_man Host Smart Shopper / Prices Paid Forums
#16 of 136 645 or 650 Lease Numbers - Car_Man by kjwbmwm5 Dec 07, 2005 (10:58 am)
Car_Man,   Looking at a lease for either a 2005 645 Coupe or a 2006 650 Coupe, depends on the deal and availability. However what I would like to know are the Money Factors and residuals for both cars this month for a 36 month Lease with 12,000 miles per year. Can you please help? Thanks, kjw Replies to this message: Car_man (Dec 29, 2005 3:22 am) njwlog (Jan 19, 2006 8:01 am) Car_man (Feb 09, 2006 2:33 am)
#17 of 136 Re: 645 or 650 Lease Numbers - Car_Man [kjwbmwm5] by Car_man HOST Dec 29, 2005 (3:22 am)
Replying to: kjwbmwm5 (Dec 07, 2005 10:58 am) Hi kjwbmwm5. If you were to lease a 2006 BMW 650 Coupe 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 .00285 and 59%, respectively. The numbers for an otherwise identical lease of a 2005 BMW 645 Coupe should be a much more attractive .00145 and 58%.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: njwlog (Jan 19, 2006 8:01 am) Car_man (Feb 09, 2006 2:33 am)

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