04-22-2020, 03:02 PM | #1805 |
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BMW will not "let you out of a lease". However, if you want to trade your M4 for an M5, a dealer would absolutely help you do that. A lease has a "buy out" associated with it. You're probably underwater, where the value of your car as a trade is less than what that "buy out" price is. They'll roll the difference into the new lease, maybe that's offset partially by whatever deal you can get on the M5, who knows. It is not likely to be a good deal, but is absolutely possible.
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DocWeatherington2946.50 |
04-23-2020, 11:56 PM | #1806 | |
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04-25-2020, 12:55 PM | #1807 |
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You NEVER trade a BMW that is leased. Always, always transfer the lease. It is the difference of paying $3K upfront to reduce the payment vs $15K over 3 years.
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04-28-2020, 10:07 PM | #1808 |
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Picking up tomorrow!
2019 M5 Base Sapphire Black Metallic Caramel Full Merino Leather Heated/Ventilated/Massaging Seats Individual Piano Black Bowers & Wilkins Audio Driving Assistance Plus Executive Package MSRP: 122,205 Discount: 14,571 (12% off MSRP) $4,500 in additional rebates Final Price: $103,333 MF: .00118 Zero Down - $1500 drive off 15k per year/36 months $1,260 mo including 6.5% FL Tax Last edited by OrlandoVol; 04-28-2020 at 10:12 PM.. |
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04-28-2020, 10:33 PM | #1809 | |
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04-28-2020, 11:08 PM | #1810 | ||
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04-30-2020, 02:09 AM | #1811 |
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04-30-2020, 01:53 PM | #1812 | |
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Lease Inception Price $100K Payment $1K 1 year later I decided to get an M5 Trade value $75K with buyout of $92K so -$17K difference Swap a Lease listing at $1K/mo pricing and was gone in 5 days If I had traded it in on my M5 lease it would have added $600/mo to the lease price and cost about $20K over the life of the lease. |
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04-30-2020, 09:16 PM | #1813 | ||
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05-02-2020, 10:54 AM | #1814 | |
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05-02-2020, 10:23 PM | #1815 |
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Love the caramel seats!
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05-03-2020, 08:11 AM | #1816 |
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Surprised there isn't more buzz around the new May leaase program, but loyal customers get 2 payment waivers (not deferrals) up to $750 on 5 series.
For the M5, that's an additional $1500 savings in addition to the $2000 lease cash. I guess BMW figured, people won't be driving much for the next 2 months so if you were on the fence, it makes sense to pick up a car in May. |
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05-11-2020, 05:25 PM | #1818 |
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I just placed an order for the final Euro Delivery.
Specs: 2020 M5 Comp MSRP 117,345 Selling Price 106,580 Residual 58% 10/36 Payment $1355 plus tax.
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05-12-2020, 07:17 AM | #1819 |
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05-14-2020, 10:05 PM | #1820 |
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05-14-2020, 10:57 PM | #1821 |
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There is no pull ahead, at all. I can't remember BMW ever doing this. That's different than a dealer saying they will pick your last few payments up (which they probably would have put onto the discount for the new car anyways).
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05-15-2020, 01:53 AM | #1822 | |
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BMW Pull Ahead |
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05-15-2020, 05:25 PM | #1823 | ||
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05-30-2020, 01:11 PM | #1824 | |
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06-19-2020, 05:09 AM | #1826 | |
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Try to get the selling price down to8-10% off and the MF as close to the base rate of .00118 and watch for add ons like VIN etching or protective coating and dealer fees. Good luck, I am hoping to lease one as well in the next few weeks. More seasoned members will be along to give you even more info. |
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