Quote:
Originally Posted by David911
My lease is $1308 per month on my 2021 M5C. The original deal was:
MSRP $121545
discount 7.5%
Residual 59%
MF .00058
Increasing money factor to .00190 changes monthly to $1574
then decreasing residual to 54% changes monthly to $1678
then decreasing discount to 2% changes monthly to $1906
then increasing msrp by $5K changes monthly to $1978
The only thing I can see changing by the time my lease is up is the discount off msrp, but the lease will probably still be a lot more than I am paying now. I'll probably just buy the car.
Cheers,
David
|
Not exactly.
I have my new 2023 m5 comp in service to check something and I am sitting here with my friend who is the manager just jabbing when I read this post. He has access to all the old monthly program sheets.
For the 2021 M5 Comp from October to December 2020 the buy rate on the money factor was 0.00082 and the residual at 10K was 59%.
From January 2021 to March 2021 the rate was 0.00086 and still 59% at 10K
April 2021 - September 2021 the rate was 0.00093 and still 59% at 10k
Oct 2021 - 0.00096 and 59%
Nov 2021 - Dec 2021 it went up to 0.00111 and still 59% at 10K
If you have 0.00058 you must have put down some MSD's.
The residual this month at 10K is 57%, not 54%.
The money factor is higher at 0.00190 and the discounts are smaller, however now you can grab a bunch of equity in your trade that probably will not be there next year. I sold my leased 2019 M5 Base in July and the dealer cut me a check for $12,500 in equity. I have have leased several M5's over the years and never had any equity at the end of the lease.
So even with the increase in rates and msrp on the 2023 Comp I am paying about the same as my 2019 base with the equity factored in on my new M5 comp with a msrp 11K higher than my 2019. I had a 12% discount plus loyalty on my 2019 and this time the discount was smaller but it's almost a wash.