[josec70]

Originally Posted by wesleyan92

Folks - need your advice on whether the following offer I am about to make is fair:

- 2019 M5 CP
- MSRP $121K
- Offer $109K
- Base MF 00188
- Residual 55%
- Taxes, title, fees upfront
- Monthly payment comes to $1510

I will be turning in my 2016 M5 Comp 5 months early and eating the $5K in payments.

Will I be laughed out the door?

Take it if you can get it!! Some dealers are getting a little more aggressive as inventory starts to increase.

I took delivery of one of the first M5C in early September so my deal was nowhere near this.

Good Luck!!!!!

[positiveions]

Originally Posted by wesleyan92

Folks - need your advice on whether the following offer I am about to make is fair:

- 2019 M5 CP
- MSRP $121K
- Offer $109K
- Monthly payment comes to $1510

I will be turning in my 2016 M5 Comp 5 months early and eating the $5K in payments.

Will I be laughed out the door?

$1510 is better than $2k payment i’ve Been hearing about. Try to push a bit further. Good luck.

[NoMoreAudi]

Is the drive off still around 4000-4500?

[wesleyan92]

Originally Posted by NoMoreAudi

Is the drive off still around 4000-4500?

The drive off will be around $8K; this is TX so I will have a big tax bill that I hate to roll into the lease payment (around $5.9K).

The dealer did not go for the 9% off - says that is below his invoice (which is stretching the truth). These guys are fair guys so I'll have to either continue to negotiate or expand my horizon - my absolute must have is 8% off MSRP. Not going to budge from there.

[JRitz22]

Originally Posted by trev230

No deal. You should be able to easily get that deal down in the low $1400 range or less with discounts and the lease rebate and first payment only. Not sure how your state works on the taxes. Some you have to pay upfront, some are rolled into the payment.

My taxes are rolled into the monthly payment, so if you exclude that you are roughly at the $1400 ($1392 to be exact) a month. Are you suggesting that the price of the lease should be low $1400's even with taxes included? I suppose I could always pay the taxes up front if they would allow to reduce the payment. Not sure how I feel coughing up another 5k at signing.

[hersh67]

Originally Posted by wesleyan92

Folks - need your advice on whether the following offer I am about to make is fair:

- 2019 M5 CP
- MSRP $121K
- Offer $109K
- Base MF 00188
- Residual 55%
- Taxes, title, fees upfront
- Monthly payment comes to $1510

I will be turning in my 2016 M5 Comp 5 months early and eating the $5K in payments.

Will I be laughed out the door?

Dude, just be patient and wait out the 5 months. In May, the weather will be warmer for you the enjoy the car, and the dealers will be begging you to take the car to clear way for the '20s. i'm sure there will be better residuals and maybe a rebate on the comp. put that 5k toward the mods.

[NoMoreAudi]

Originally Posted by hersh67

Dude, just be patient and wait out the 5 months. In May, the weather will be warmer for you the enjoy the car, and the dealers will be begging you to take the car to clear way for the '20s. i'm sure there will be better residuals and maybe a rebate on the comp. put that 5k toward the mods.

Yes. Let it sit there for 9+ months and buy in Q4 when the dealer will make a zero or even loser deal to wash their hands.

[wesleyan92]

Originally Posted by hersh67

Dude, just be patient and wait out the 5 months. In May, the weather will be warmer for you the enjoy the car, and the dealers will be begging you to take the car to clear way for the '20s. i'm sure there will be better residuals and maybe a rebate on the comp. put that 5k toward the mods.

LOL - I am coming to the same conclusion. Got my F10 M5 washed today and the thing just looks so beautiful.....

[Pimpsy]

9% is under invoice. You can check the actual invoice numbers for your build at NADA.com.

In my opinion you are also better off rolling the taxes into the financing. The rate is very low and it's always better to put the least amount of money possible down on a lease. If you drive the car out of the dealership and wreck the cat immediately your insurance will typically pay off the lease but will not reimburse you for any money you have already spent. Of course you have to also consider the time value of money and the opportunity cost of giving them the money upfront anyway.

[Stav]

Originally Posted by wesleyan92

The drive off will be around $8K; this is TX so I will have a big tax bill that I hate to roll into the lease payment (around $5.9K).

The dealer did not go for the 9% off - says that is below his invoice (which is stretching the truth). These guys are fair guys so I'll have to either continue to negotiate or expand my horizon - my absolute must have is 8% off MSRP. Not going to budge from there.

I am curious how it is worth the time consumed to keep trying, including different dealers, to get 1%-2% extra or so for a $120k car especially if happy with dealership in general. Curious also how you picked the 8% as what you have to have discount wise. At the the end, especially leasing, most likely you are talking about less than $1k over the course of the lease which is a tiny amount compared to the monthly lease payment.

[wesleyan92]

Originally Posted by Stav

I am curious how it is worth the time consumed to keep trying, including different dealers, to get 1%-2% extra or so for a $120k car especially if happy with dealership in general. Curious also how you picked the 8% as what you have to have discount wise. At the the end, especially leasing, most likely you are talking about less than $1k over the course of the lease which is a tiny amount compared to the monthly lease payment.

Agree with you on building loyalty with a Dealership; 100% agree ... but the 1%-2% is important because that is what makes this process fun - it is the art of hunting and gathering

[positiveions]

Originally Posted by hersh67

Dude, just be patient and wait out the 5 months. In May, the weather will be warmer for you the enjoy the car, and the dealers will be begging you to take the car to clear way for the '20s. i'm sure there will be better residuals and maybe a rebate on the comp. put that 5k toward the mods.

Listen to this guy. I bought my X5 in July at 10% off and free tinting for the front.

[borys]

Originally Posted by acf10

2019 Comp
MSRP $129,665
$5K off
.55 residual
36/10 lease
.00188 MF
$3k drive off
$1967 month

thoughts?

Went to check out the car, loved it. They ran my credit and I got approved for a higher MF. Payments came up to $2,200... I passed on a deal. Left with X5 5.0 M Pack. Ok for now. I'll get the M5 end of this year!

[NoMoreAudi]

Ouch, they ran your credit? Hopefully you can find something else worthwhile.

[TYPEM]

Quiet last week...

Anyone have news on February program yet and if the 5k lease credit continues and any changes to MF/RV?

[GangGreen16]

If you're in N.J./NY PM me 😈

[positiveions]

Originally Posted by acf10

Went to check out the car, loved it. They ran my credit and I got approved for a higher MF. Payments came up to $2,200... I passed on a deal. Left with X5 5.0 M Pack. Ok for now. I'll get the M5 end of this year!

Smart on your behalf.

[REF90]

Following up with my deal (custom build):

2019 Non-competition
MSRP: $115,095
Selling price: $109,000 (before lease cash)
Rebate: $5,000
Net cap cost: $104,000
MF: .00188 (pre-MSDs)
Residual: 54% (36 mo / 36k miles)
MA tax: 6.2%
Monthly: $1505
Drive-off (incl MSDs): $13,629 (incl. $10,850 MSDs)

Thought this was a reasonable price for a custom build, as most local dealers weren't willing to give up an allocation at this price. Went out of state but not too far. I flew cross-country to pick up my M3 last time, so this was much more convenient.

Allocation is build week 10 / week of March 4th - going to be a long wait but very excited about the upgrade. This thing is awesome!

[dardeca]

Looks like February lease programs are now out...residuals unchanged for 2019 MY. Anyone know what the base MF for February is?

[trev230]

I dont think any of that info comes out until the 3rd.

[MWcoupe]

Anyone looked at m3cs lately? My buddy is closing a deal 102k 3k out of pocket 950 a month. Good deal?

[dardeca]

Originally Posted by MWcoupe

Anyone looked at m3cs lately? My buddy is closing a deal 102k 3k out of pocket 950 a month. Good deal?

Sounds like a good deal...but maybe post it in the M3 forum and you'll get better informed responses.