[berninam550]

So while my m550 has been pushed to week 19 (luckily I got a good deal few months back) Regardless I have been checking around pricing on leases for fun…

Idk what some of these salesmen are smoking…Here are a few gems…

MSRP $93k
$1800/month (not including tax and fees!)

MSRP $80k
$1559/month (not including tax and fees!)

MSRP $85k
$1701/month (not including tax and fees!)

[ezaircon4jc]

Originally Posted by berninam550

So while my m550 has been pushed to week 19 (luckily I got a good deal few months back) Regardless I have been checking around pricing on leases for fun…

Idk what some of these salesmen are smoking…Here are a few gems…

MSRP $93k
$1800/month (not including tax and fees!)

MSRP $80k
$1559/month (not including tax and fees!)

MSRP $85k
$1701/month (not including tax and fees!)

That's more than our house payment was!

[CaboM4]

Originally Posted by berninam550

So while my m550 has been pushed to week 19 (luckily I got a good deal few months back) Regardless I have been checking around pricing on leases for fun…

Idk what some of these salesmen are smoking…Here are a few gems…

MSRP $93k
$1800/month (not including tax and fees!)

MSRP $80k
$1559/month (not including tax and fees!)

MSRP $85k
$1701/month (not including tax and fees!)

LOL ... I saw M550, but read M5CS Lease prices!

This market is crazy stupid. My previous F85 had a sticker of $115k and I paid $800/month lease, no cap cost reduction!

[Kriz2fer]

My payment is 1300.00

[HerkHealer]

I was reading a Consumer Reports article the other day showcasing the top 20 vehicles with ridiculous "dealer markups". The top 2 were KIA and Hyundai. 20 years ago, people were laughing if you owned either of them.

[particulardude]

[G30Nashville]

I just sucked it up and am paying $1,110 for a $75k 540i. 😳

[dscabra]

Aren't leases based on residual value? How can it be that a lease can cost that much when used cars are selling for almost the same price as a new car? Either way, I'll keep buying those two-year lease turn-in's. I bought my 2018 M550i just shy of two years ago as a CPO car with six-year unlimited mileage warranty on a good portion of the car (not bumper-to-bumper). With a reasonable down payment, I'm paying under $650/month for a near-new car that I took possession of with just 22K miles on the odometer.

[G30Nashville]

Originally Posted by dscabra

Aren't leases based on residual value? How can it be that a lease can cost that much when used cars are selling for almost the same price as a new car? Either way, I'll keep buying those two-year lease turn-in's. I bought my 2018 M550i just shy of two years ago as a CPO car with six-year unlimited mileage warranty on a good portion of the car (not bumper-to-bumper). With a reasonable down payment, I'm paying under $650/month for a near-new car that I took possession of with just 22K miles on the odometer.

Yeah but the Money factors are high right now. My buy out after 3 years in $43k I think? We will see how the market is in 2025.

[HerkHealer]

Originally Posted by E92Atlanta

I just sucked it up and am paying $1,110 for a $75k 540i. 😳

I'm not sure how leases work. Never had one. But I think you have to put down a chunk of cash at signing ? And from what I understand you have limited mileage, have to turn the car back in with good tires, no damage, etc....

For a 75k car, you could get a 72 month loan for the same price you're paying now and own it. And if you had to put down money at signing for a lease, you could do the same on a loan and drop down to 60 months at the same price.

I guess the advantage of a lease is you get a new car every 2 or 3 years, but i keep my cars for a long time so it just doesnt work for me.

[jsf721]

That’s not too bad. I was quoted 1295 for a 73k Msrp.

Not doing it. I hope the dealers start to choke on cars. Wishful thinking but this market has pricing that is designed with fat baked into the equation so they can discounted and now they are just shafting us and being pigs.

Originally Posted by G30Nashville

I just sucked it up and am paying $1,110 for a $75k 540i. 😳

[I3LaZeN]

Wow thats ridiculous!

Wonder if i can get 60k for my 2018 540i with 39k miles. LOL

[G30 B58]

Originally Posted by HerkHealer

I'm not sure how leases work. Never had one. But I think you have to put down a chunk of cash at signing ? And from what I understand you have limited mileage, have to turn the car back in with good tires, no damage, etc....

For a 75k car, you could get a 72 month loan for the same price you're paying now and own it. And if you had to put down money at signing for a lease, you could do the same on a loan and drop down to 60 months at the same price.

I guess the advantage of a lease is you get a new car every 2 or 3 years, but i keep my cars for a long time so it just doesnt work for me.

Same. Never leased either nor rented. We negotiated 9% off MSRP and financed through BMWFS @ .9% for 5 years.

[kellerz]

$0 Down
$63,920
$859/mo
36 mo 12,000 miles
Pennsylvania
530E xdrive

[LogicalApex]

Originally Posted by kellerz

$0 Down
$63,920
$859/mo
36 mo 12,000 miles
Pennsylvania
530E xdrive

Your lease is much higher than my car payment on my $69K 2020 530e.

At that point... What is leasing useful for?

I've never done it, but I thought it had two positives.

1. Lower car payments since you're only paying the residual
2. Potential tax savings

Your deal looks like a pretty poor lease, but that's the current time. Nuts.

[G30 B58]

Originally Posted by LogicalApex

Your lease is much higher than my car payment on my $69K 2020 530e.

At that point... What is leasing useful for?

I've never done it, but I thought it had two positives.

1. Lower car payments since you're only paying the residual
2. Potential tax savings

Your deal looks like a pretty poor lease, but that's the current time. Nuts.

I was told the benefit of a lease was the choices you had at the end of a lease.

[LogicalApex]

Originally Posted by G30 B58

I was told the benefit of a lease was the choices you had at the end of a lease.

Which are?

My 530e isn’t under water as car pricing right now is all sort of crazy. I can just drop by a Car Max and unload it in under 20 minutes and pocket some profit if I wanted to. No lease end inspections or charges for tires or whatever.

[G30Nashville]

While I understand that these higher lease prices make one question why you wouldn't just buy the car, but leasing still is my preferred option.

For one, even if I lease the car, I can buy it out at anytime if I suddenly decided to go that route.

Secondly, these higher priced sedans like the 5 Series still take quite a depreciation hit the first couple years, and maybe it's just me, but if I bought it I would hate to be essentially underwater right away unless I put a big chunk of $ down.

Third, the technology changes so fast in these cars, that after 3 years I'm usually going to be ready for something new.

Just my preference. Unless I'm paying cash for a car, the bank still owns it whether I lease it or buy it.

[LogicalApex]

Originally Posted by G30Nashville

While I understand that these higher lease prices make one question why you wouldn't just buy the car, but leasing still is my preferred option.

For one, even if I lease the car, I can buy it out at anytime if I suddenly decided to go that route.

Secondly, these higher priced sedans like the 5 Series still take quite a depreciation hit the first couple years, and maybe it's just me, but if I bought it I would hate to be essentially underwater right away unless I put a big chunk of $ down.

Third, the technology changes so fast in these cars, that after 3 years I'm usually going to be ready for something new.

Just my preference. Unless I'm paying cash for a car, the bank still owns it whether I lease it or buy it.

The old argument for being in favor of leasing a BMW was that BMW would artificially inflate residuals to have more aggressive lease rates. So you'd potentially be paying a lower depreciation cost than actually occurs. In today's market that practice seems to be gone.

You can still sell your car after three years or whenever you choose if you're buying. And with the rise of CarMax, Caravana, and Zoom you can do it is a crazy smooth and painless manner. No dealing with tire kickers. Or worrying about how much BMW will ding you for bald tires or curb rash.

But the most painful part on the lease I was commenting on. For the 530e you have a just under $6K federal tax credit that goes to the car owner. Since it is a lease that goes to BMWFS. So they are paying more on all fronts...

But to each his or her own.

[G30 B58]

Originally Posted by LogicalApex

Which are?

Buy it or lease another car. Or, hand it in and walk away.

[LogicalApex]

Originally Posted by G30 B58

Buy it or lease another car. Or, hand it in and walk away.

I just see those as no longer being applicable in the modern era.

I sold my last car to CarMax and it took me all of 15 minutes, but my memory can be foggy so I'll say 30 minutes. Every car I've ever purchased has taken over 3 hours as they try to squeeze money out of you in the finance jail cell.

Right now my car is worth over $15K more than my loan balance to Carvana. So I can get out from under it as quickly as I want to without losing anything.

Less hassle too as I get to decide when I sell it. Leasing means I have no choice, but to make a buy or roll decision in three years. Drive less than your lease allocated miles and you're giving money to BMW FS (as you can no longer sell a BMW lease to a non-BMW dealer to profit)...

[HerkHealer]

Originally Posted by LogicalApex

Your lease is much higher than my car payment on my $69K 2020 530e.

At that point... What is leasing useful for?

I've never done it, but I thought it had two positives.

1. Lower car payments since you're only paying the residual
2. Potential tax savings

Your deal looks like a pretty poor lease, but that's the current time. Nuts.

That was why I posted above. In these insane car times, and paying THAT much for a 3 yr lease, why not just get a 60 month loan and pay the same or LOWER than the lease. You actually own the car, dont have to worry about miles, mods, dents, tires, rims, etc.... I just could not do it. I'm too money conscious and always crunch numbers.