[guarnibl]

Invoice is 93% of MSRP I believe.

M5's have always depreciated heavily as long as I can remember, even back to the E60. Never really paid attention to the M5 before then... had an E46.

I'd expect to see some EOY deals because we always tend to... so that lease credit/incentives should help. But I think this is the new normal for a while. At least until we see some serious competition or BMW starts trying to move them more aggressively (i.e., few months before '20 MY start showing up).

The tend to option cars with everything on them -- because if I'm spending $120k I might as well spend $130k and get what I want.... so for me, without any money down, assuming invoice, '19 residuals are so bad therefore the payment is in the $2's. I will wait until BMW kicks up residuals to move cars and we see deals in the $1400-$1600 range for $130k sticker cars, after tax (9%). For me anyway, that allows me to put a cap cost reduction down that balances both risk of getting into an accident that results in lost reduction, and retaining the ability to easily get out of the lease because it's a high option car for a low payment (relative to the market). I did this with my M4 and it made things SO much easier. Other option is look for a lease take over as well. I tend to get bored though and don't want to be stuck with something without an inexpensive way out for longer than 18-24 months.