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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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#96 of 136 650i by raja2 May 23, 2007 (1:49 pm)
Hey Car Man,   I wrote you a while back. I think I am going to skip the M6. Don't think it is worth the extra $$. Anyway, I got this quote I would like you to review. Tell me what you think.   I don't know if this makes a difference, but they don't have the car in stock and I would need to order it from Germany. Thanks in advance for your time and effort.   So here it is:   2 year LEASE/ 15K Miles/ $0 down   Sticker $85220.00 Neg price $79605.00 Net Cap Cost $79605.00 Adj Residual $55891.40 Money Factor(that I was told): 0.00240 Monthly lease Charge $325.19 Base Payment: $1313.26 Monthly Tax: $101.78 Total Payment: $1415.04 monthly   In addition, could you tell me if you think I could talk the price down even further? How much wiggle room do I have? Replies to this message: Car_man (Jun 05, 2007 1:45 am)
#97 of 136 Re: 650i [raja2] by Car_man HOST Jun 05, 2007 (1:45 am)
Replying to: raja2 (May 23, 2007 1:49 pm) Hey raja2. The 2007 BMW 650i Coupe has a spread of around $6,000 between its full MSRP and its dealer invoice price. The $5,600 discount that you were quoted looks like a very good deal to me. BMW Financial Services' June buy rate lease money factor for a 36 month lease of this car is .00285. If you like the car, I personally don't see any reason not to go for it.   Car_man Host Prices Paid Forum
#98 of 136 Car_Man please help by lamp Jun 19, 2007 (10:35 am)
Hi Car_man, do you know what is the current money factor on 6 series? We were told (over this past weekend) that it is 0.00315 we test drove a 6 series with no options, msrp 75.5k and was offered at $73.5k and with a 15k mile per year 36 mo. lease, the quoted monthly payment is around $1312 after 8.25% sales tax.   Is this a good deal?   Thanks! Replies to this message: lamp (Jun 19, 2007 10:35 am)
#99 of 136 Re: Car_Man please help [lamp] by lamp Jun 19, 2007 (10:35 am)
Replying to: lamp (Jun 19, 2007 10:35 am) oh forgot to mention, we were told that the residual value is 57%
#100 of 136 Current MF buy rate on M6? by m6_4_me Aug 21, 2007 (8:14 am)
Car_man   I am in the process of leasing an M6 Convertible, 3yr/ 12k per yr and am being quoted MF in the .00320-.00325 range with a claimed buy rate of .00310. What do you think? Replies to this message: Car_man (Aug 23, 2007 3:09 am)
#101 of 136 Re: Current MF buy rate on M6? [m6_4_me] by Car_man HOST Aug 23, 2007 (3:09 am)
Replying to: m6_4_me (Aug 21, 2007 8:14 am) Greetings to the appropriately named m6_4_me. The money factors that you were quoted look about right to me. BMW is not currently providing any lease support on the 2007 M6. Having said this, it is running a special loyalty promotion that reduces its standard money factor by .00085 for returning BMW FS lessees. If you are a current BMW lease customer, you should be able to do much better than the factor that you were quoted.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#102 of 136 Car_Man Help needed on Certified Pre-Owned 645 lease by icyblue1203 Oct 24, 2007 (7:21 pm)
Hey Car_Man, I am considering leasing a certified pre-owned 2005 645 convertible through my local dealership. I would only lease it for 36 months and 12K miles per year. Can you help me with lease rates and MF numbers and residuals on used 04 or 05 6 series coupes and convertibles? Thanks! Replies to this message: Car_man (Nov 06, 2007 3:19 am)
#103 of 136 Re: Car_Man Help needed on Certified Pre-Owned 645 lease [icyblue1203] by Car_man HOST Nov 06, 2007 (3:19 am)
Replying to: icyblue1203 (Oct 24, 2007 7:21 pm) Hi icyblue1203. Unfortunately, given all of the variables that are associated with them and their general lack of popularity I personally do not keep tabs on the details of manufacturers' CPO lease programs. Sorry that I could not be of more help. One thing to keep in mind though is that CPO lease program are often not that attractive. Consumers are often able to get similar, or even better deals on leases of brand new vehicles then they are able to get on equivalent used vehicles. That may not necessarily be the case in this situation, but you definitely should get a price quote on a new 6 to compare with the price of the used 6 that you are interested in before pulling the trigger.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#104 of 136 650Ci lease question by mkp6er Nov 19, 2007 (1:43 pm)
Hi,   I'm considering a lease on either 2007/2008 650Ci. How do I determine if I'm getting a good deal?    I'm not familiar with leasing programs however, it appears BMW is offering $4500 rebates on leases of 2007 vehicles to clear them out. What should I expect the price of the car to be compared to invoice pricing? The dealer is claiming their best price is $5k over MSRP (ridiculous!) and for a 2007 model it is $1500 over MSRP.   For a 2 or 3 year lease the   2008 is 1400/mo with $10K down 2007 is 1200/mo with $5k down   Why do they add salestax to the price of the lease calculation? tax rates differ and you really dont pay sales tax if you dont buy the car...   thanks, Replies to this message: ricardoghunter (Nov 20, 2007 12:54 pm) mkp6er (Nov 20, 2007 2:46 pm)
#105 of 136 Re: 650Ci lease question [mkp6er] by ricardoghunter Nov 20, 2007 (12:54 pm)
Replying to: mkp6er (Nov 19, 2007 1:43 pm) mkp6, where are you located?   I'd like to briefly relate the following experience:   I got a quote from a dealer who posted a lease offer for a 6-speed equipped 07 M6 online: 30 months, 10k/year, $0 down, $1372/mo.   Sounds good, right? Especially considering your rates on 08/07 650s. It gets better, though.   I went to yet another dealership with that offer in hand and a laptop. The laptop had an Excel spreadsheet on it that had formulae for calulating lease details- you plug in the numbers, and it spits out the lease payment.   Anyway, when I first showed up, before presenting any of the above, I was offered an 07 650i for $1408/mo on the terms above. They must have seen the disdain on my face as I pulled out the other offer and my laptop. I told them the 07 650i offer made no sense given the m6 offer I had in hand. I asked them to do better than the m6 offer on their own m6. I won't disclose the terms, but they DID do better- FAR better. They applied the BMW rebate to bring the price down to invoice, though, so they are still making a good amount of money... but I was satisfied with the offer.   By the way, the offer required one month's payment. Don't be afraid to try for an 07 M6- those things are not selling and are subject to the same rebates. Some dealerships are doing very well, though, so they may not be so accomodating.   BTW, the rebate is $4500 off of INVOICE, NOT MSRP. So if the dealer paid $91k for your car, they are in essence only paying $86,500 for it with that rebate. That should be your starting point in negotiations, not the 100k+ MSRP. Replies to this message: mkp6er (Nov 20, 2007 2:46 pm)

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