02-06-2019, 12:11 PM | #1 |
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Another Lease Payment Question - M550
I currently have a 2016 M3 with 4 payments left on it. Went and drove the M550 and I'm hooked. The below is with them taking my M3 back now.
Here's the scoop... MSRP on the car is $89k. Car has a little over 300 miles on it since it was being driven by the GM. Options are as follows: 20" 668M Wheels Premium 2 Parking Assist Driving Assist Executive Package Nappa Leather Heated Front Seats Carbon Mirror Caps Carbon Spoiler Black Front Grill Ceramic Controls Dealer is discounting the car $10,755. If I transfer the MSDs from my M3 and put down one more, I'll have $7,350 in MSDs down on the M550. $4,000 out of pocket (including all inceptions, first month, etc). MF is .00228 Residual 62% Lease term is 36 months, 10k miles/year Total monthly payment incl. tax is $1,006.00. Thoughts?
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Last edited by KnightedBMW; 02-06-2019 at 12:17 PM.. |
02-06-2019, 06:15 PM | #2 |
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why is your MF .00228 (5.47%)?
not only is that marked up from the BMW buy rate, .00188(4.512%), you have 7 MSD's that need to bring the buy rate down to .00153(3.672%) (.00005 PER MSD) you should also get $1k loyalty and the $1500 lease cash they are offering for the M550i - was this already in account in the discount? since the car has over 300 miles, I would take the discount they are offering + the $2500 in credits and have the MF fixed then you should have a much nicer payment. |
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02-06-2019, 07:30 PM | #4 | |
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02-06-2019, 09:22 PM | #5 | |
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You can easily extend your lease and get the car in september 2020 model Always better to do 0 dollars down lease with no msds. Invest the money instead. Its a rental. |
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02-06-2019, 09:31 PM | #6 |
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Update: reducing MSDs to $5,950.00, same out of pocket, payment is $990.00 all in. That’s their bottom line.
I’m not doing euro delivery; not an option for me, nor am I extending the lease. I understand the economics of putting money down on a lease. In this case it’s approx $3k down since the total out of pocket ($4k) is including the first payment. I can live with $3k down on the car. |
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02-06-2019, 10:09 PM | #7 |
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Its a better deal but still not perfect They need tomove this car since it has miles. You have the upper hand here
With Msds you are still tiying 10 k where you can have 0 down Insist on o.oo188 money factor without msd Plugging it into leasehacker im getting 913 before tax |
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02-07-2019, 01:34 PM | #8 |
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your money factor is incorrect - there is zero reason why they should mark it up.
MSD is another question, but you need to start with the .00188 baseline. |
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02-07-2019, 02:14 PM | #9 | |
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With the MSDs (deciding to do 6, not 7), the MF comes down to .00158. I guess I could do 7 MSDs and reduce the out of pocket cash as well.
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02-07-2019, 03:17 PM | #10 |
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You are getting close. Dont get discouraged. Getting a 90 k cak for 9 hundreds lease is good. Just play with it a bit more. They are not giving you promised discount Remember every 1000 off is 30 dollars off lease. By marking msds they are increasing payment by 60 bucks or stealing 2 k from your promised discount. By not giving you rebates After discount. They are robbing you of another 3500 so now the discount is 5 k down from 10 promised. You are putting 4 k down. So now you are buying a used car for list price
Here is the programming assuming its 19 15k miles / 57% residual 12k miles / 59% residual 10k miles / 60% residual $1500 lease credit (540, M550) $2000 loyalty credit (lease / APR) Insist on promised discount and 3500 on top of that. Give them 60 bucks in money factor and do not put any msds. Youd be at. Low 900 with tax. (I am at 938 with 6 percent ma tax. Leasehacker.com) |
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02-07-2019, 04:44 PM | #11 |
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Also there should be corporate fleet discount depending on where you work. On x5 its $3250. Should be the same on 5
http://www.bmwgroupcorporatefleet.com/ |
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02-08-2019, 07:42 AM | #12 | |
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02-09-2019, 11:48 PM | #13 |
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How long was your test drive?
M550i is a great everyday car but it will be different than your F80. M550i with sport plus engaged will shoot from 0-xx like a bat out of hell but will fall off toward top end of RPM, where M3 has just begun to sing. I am comparing to ESS tuned F80 btw. Though, It is hard for me to pick between M550i and M3 and I ended up driving M550 (8/10 times). That being said, M550 wins for everyday use. |
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02-10-2019, 08:03 AM | #14 | |
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