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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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#75 of 136 Hi Car Man, need help on a new M6 by doclonghorn Jan 05, 2007 (2:48 pm)
Car Man, Just curious if you know what a good customer choice monthly would be on an '07 M6 with a sticker of about $109k. I currently have an '05 645ci and am in good shape getting out of it break even. I am willing to put down $5 - 10K if necessary to bring the monthly down. I have seen ads on E-bay for new M6 leases at $1599 per month with zero down. Is that reasonable??? Residual value is huge on the M's, and with the past two I owned befor ethe 645 it kept monthly a bit lower. Thoughts?? Thanks very much! Replies to this message: Car_man (Jan 08, 2007 2:55 am)
#76 of 136 Re: Hello Car man, new 650 lease question? [bmw650ci] by Car_man HOST Jan 08, 2007 (2:47 am)
Replying to: bmw650ci (Jan 01, 2007 9:42 pm) Welcome Steve. One of the reasons that this car is so expensive to lease is that BMW is not currently providing any sort of lease support on it. 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. Its buy rate standard factor varies by region, but should currently be around .00320 for consumers who pay a security deposit at lease signing. This is equivalent to an interest rate of around 7.68%. The factor that you were quoted looks OK if you are having your car's security deposit waived, but is a little high if you aren't (BMW FS will waive its security deposit requirement in exchange for a .00015 money factor increase).   As far as this car's selling price goes, you are being given around a $3,500 discount on a car that has a spread of around $6,500 between its full MSRP and dealer invoice price. This leaves around $3,000 for the dealer. I am not intimately familiar with what the market for this car is right now, but this looks like a reasonable deal to me.   The bottom line is that this deal looks about right for this car to me.   Car_man Host Prices Paid Forum
#77 of 136 Re: Hi Car Man, need help on a new M6 [doclonghorn] by Car_man HOST Jan 08, 2007 (2:55 am)
Replying to: doclonghorn (Jan 05, 2007 2:48 pm) Hi doclonghorn. I would be happy to estimate what the lease payment would be like on this car for you. In order for me to do so I need to know its approximate selling price. For now I will assume that you are getting a $3,000 discount on it. If you are able to negotiate a better price, the payment will be lower than what I come up with and vice versa. According to my calculations, if you were to lease a 2007 BMW M6 Convertible with an MSRP of $109,000 and a selling price of $106,000 through BMW Financial Services right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $1,675.   Car_man Host Prices Paid Forum
#78 of 136 650i coupe lease by sodais350 Jan 22, 2007 (7:07 pm)
Car_man,   I've noticed you're quite educated in BMW leases. I have a few questions if you don't mind. I'm looking into leasing an 07 650i coupe auto or manual for 36mos 10k mi yr, or whichever term that is 36 mos or less MAX 39 to give me the best scenario. With MSRP of 85595 I believe (hoping for 3-4k off msrp) with minimal down what would the payment?? I'm located in Central CA tax rate is 7.25% 720 score. I'd be interested in knowing the residual & MF through BMW FS & acq fee and/or sec deposit. I want the Sport pkge, criuse, comfort access, heads up, heated seats, active steering and I think that's it if that helps you any...thanks in advance! Replies to this message: Car_man (Feb 04, 2007 7:54 am)
#79 of 136 BMW 650i convertible - Lease Question by marlasw Jan 27, 2007 (9:06 pm)
Car_man, Help. I'm trying to determine if the lease deal I'm being offered is decent. Am looking at a 2006 650i convertible with 2600 miles. Am being offered a lease factor of .00407 (approx. 9.77%?)by the dealership. Our tax rate is 8.25% where I live and car sales price is $79K. They want $6980 down. Lease would be 36 months w/ 18,000 miles/year, resulting in $1661.27/month. Does this seem like a reasonable deal or am I being taken for a bit of a ride? Replies to this message: sodais350 (Jan 27, 2007 11:06 pm) Car_man (Feb 04, 2007 7:59 am)
#80 of 136 Re: BMW 650i convertible - Lease Question [marlasw] by sodais350 Jan 27, 2007 (11:06 pm)
Replying to: marlasw (Jan 27, 2007 9:06 pm) I just want to let you know, I was offered a deal on a new 2007 650i coupe, msrp of 81,500 something and sale price of 76900 only 2k down 1357 plus tax...Money factor of 3.62 through BMW of course. Get a new one, the residual will be higher & the factor lower. The conv is VERY close because of the higher residual than the coupe. I'd just get an 07 or assume someone's lease through swapalease.com. No money down and you can get some cars w/alot of extra miles!! Just qualify through the credit stuff & you'll be set to go!
#81 of 136 Re: 650i coupe lease [sodais350] by Car_man HOST Feb 04, 2007 (7:54 am)
Replying to: sodais350 (Jan 22, 2007 7:07 pm) Thanks sodais350. BMW is not currently providing any lease support on the 2007 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 program. Its buy rate standard lease money factor varies by region, but it is currently around .00320. BMW FS' current 36 month, 12,000 mile per year residual value for the 2007 650i Coupe is 59%. Using this lease program, an MSRP of $85,595 and a $3,000 discount, I estimate that this car's zero down, pre-tax monthly payment should be around $1,317. BMW FS charges a $625 acquisition fee on every vehicle that it leases. Make sure that you don't pay more than this, BMW dealers try to mark this fee up all the time. You will have to pay a security deposit that is equivalent to your car's monthly payment rounded up to the nearest $50 increment at lease signing. BMW FS will waive its security deposit requirement in exchange for an increase of .00015 in the money factor that is used to calculate your car's monthly payment.   Car_man Host Prices Paid Forum
#82 of 136 Re: BMW 650i convertible - Lease Question [marlasw] by Car_man HOST Feb 04, 2007 (7:59 am)
Replying to: marlasw (Jan 27, 2007 9:06 pm) Hi marlasw. BMW is not currently providing any lease support on the 2007 6-Series, but the money factor that you were quoted is still too high. BMW FS' buy rate standard money factor varies by region, but it should be around .00320 or so.   $6,980 is too much money to put down on a lease. I always advise consumers against making down payments on leased vehicles. Consumers who do risk losing them if their vehicle is totaled in an accident or stolen and never recovered.   What is this car's MSRP? This number will enable me to see how much of a discount you are being given on this car and to use BMW's current lease program to estimate what your monthly payment should be. Off of the top of my head, I'd say that the lease payment that you were quoted is too high.   Car_man Host Prices Paid Forum
#83 of 136 Many Thanks Car man!! by bmw650ci Feb 04, 2007 (8:22 am)
Carman,   I just wanted to says thank you for this forum. I recently found this website and posted to ask you some lease questions. I have succesfully got my dream car 2007 650 vert, and I feel much better about my lease.   I have always been nervous about "getting taken" at the dealers, because it seems the consumer has a difficult time getting all the infomation. Your current information on residual values and money factors is very helpful! I now know I did not overpay and recevied a fair deal.   You are providing a very valuable service here, and I sincerely thank you for putting your time in and helping other people get into their dream cars at a fair and reasonable deal!   Steve Replies to this message: Car_man (Feb 04, 2007 11:36 am)
#84 of 136 Re: Many Thanks Car man!! [bmw650ci] by Car_man HOST Feb 04, 2007 (11:36 am)
Replying to: bmw650ci (Feb 04, 2007 8:22 am) You're very welcome, Steve. Congratulations on your sweet new ride. I'm glad that you found this forum so helpful. Enjoy your new ride!   Car_man Host Prices Paid Forum

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