10-31-2018, 01:52 PM | #23 | |
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Using that strategy has advantages: I get payments usually below what a lease would have been for new Easier to avoid first-year car issues, and let those play out with someone else I have at least some equity in the car I lose way less $ on the car when I eventually turn it in since the steepest depreciation drop happens in the first year The downside is that I have zero patience to wait for the used market to populate, but I'm getting better about that as I get older. If you can...wait a year (or maybe less), let the first year depreciation hit (at least 20% if not more), then jump on one. Put another way, be the person who is usually buying your lease cars when you turn them in after a year. |
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10-31-2018, 05:02 PM | #24 | |
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Out to but have seen very little in the way of used, which begs the question, why such a high depreciation if nobody selling? |
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11-01-2018, 02:22 PM | #26 |
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I bought 4 of them. Lol
Last edited by wassy; 11-07-2018 at 05:48 PM.. |
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11-07-2018, 02:16 PM | #27 |
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11-10-2018, 12:09 PM | #30 |
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11-10-2018, 07:58 PM | #32 |
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I have a connect that can do invoice on the m5 come if anyone is interested
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11-11-2018, 10:32 AM | #33 |
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I was also offered invoice and no other BS make up fees but as I posted elsewhere, I just can’t get my arms around the horrific lease numbers. And while I could also just buy it, those residuals are telling me something! Lol
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11-11-2018, 01:40 PM | #35 |
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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.
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gone: 2015 M4, 2015 335i, 2012 Turbo S, 2008 M3, 2004 M3, 2003 330xi Last edited by guarnibl; 11-11-2018 at 02:17 PM.. |
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11-11-2018, 03:43 PM | #36 |
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You can build a BMW and see the real invoice cost at the nada.com website.
Very helpful during negotiations. The dealers will typically take MSRP and multiply by .937~.947 to calculate invoice cost but the markup on options is not consistent so the real invoice cost varies (by percentage) depending on options.
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01-09-2019, 09:15 AM | #38 |
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01-09-2019, 11:17 AM | #40 |
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01-09-2019, 12:24 PM | #42 | |
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But when you are ready i would be more than happy to help out |
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01-09-2019, 01:22 PM | #43 |
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What is the base MF for the M5 in January? I saw the residuals improved...but didn't see what the MF was. I believe December was at .00182.
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01-09-2019, 01:26 PM | #44 |
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20% (that math on my car would have been a discount of $27,000.00) off an in-demand car with +/_ 7% margin is good negotiating.
I got 43.9876% off plus a year of foot massages
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