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      10-11-2022, 11:44 AM   #1
G80beydoun
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M5 Lease question

Is it possible to lease an M5 Comp for $1500-1600 a month with just upfronts due at signing
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      10-11-2022, 12:33 PM   #2
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I just got into a new lease this morning, and have been looking/planning for weeks. The simple answer is no, unfortunately. You *might* get down to like $1900ish, but that's on a leftover '22 that a dealer *might* discount a hair, which also really isn't happening unless you have a relationship with one. Also depends on options. If you get a base car with no packages, maybe…?

The only way to even get close is to get into a lease assumption.

There's this one, which after the $10k down is about $1600/month:
https://www.swapalease.com/lease/det...?salid=1606315

Or this one, which I actually almost pulled the trigger on (already has 16k miles though, too high for me). $1600/month with only $1k down is absolutely nuts rn. Only car in the US I think at that price point fwiw:
https://www.swapalease.com/lease/det...?salid=1604616

I know it's frustrating. I got into my current F90 as a lease assumption. I paid BMW the $530 transfer fee, and paid like $1300/month for a clean car with very few miles, and full leather and Bowers.

Good luck!
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      10-11-2022, 02:03 PM   #3
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A friend of mine was just quoted 7% off a 2022 Comp and 5% off a 2023 Comp out here in Socal, assuming you can get the buy rate you would be at $1516 plus tax for a 36/10K on a $118,000 msrp for a 2022, with just upfronts, so it's possible if you dig around
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      10-11-2022, 02:21 PM   #4
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Quote:
Originally Posted by mitch65 View Post
A friend of mine was just quoted 7% off a 2022 Comp and 5% off a 2023 Comp out here in Socal, assuming you can get the buy rate you would be at $1516 plus tax for a 36/10K on a $118,000 msrp for a 2022, so it's possible if you dig around
He got quoted $1516 a month for a m5 comp? that's nuts i'd take that asap if that was me lol
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      10-11-2022, 02:52 PM   #5
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Quote:
Originally Posted by G80beydoun View Post
Is it possible to lease an M5 Comp for $1500-1600 a month with just upfronts due at signing
Cheapest M5C you can configure is 115,500.

On a 36/10 w 57 RV and .00190 MF you're right at $1,701 plus your state sales tax on top of that. I believe RV has fallen since I locked on mine (thought I heard 54 the other day). If that's the case add $90 per month to the payments above.

No way are you getting close to 1,500-1,600.

But look at it this way - if you stretch to 1,800 a month you're only 12 percent over your budget. .

Of course then the challenge would be to ONLY tick the box for comp pack, no fun paints, no full leather, no exec, no other options.
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      10-11-2022, 03:49 PM   #6
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Quote:
Originally Posted by MackSea70 View Post
Quote:
Originally Posted by G80beydoun View Post
Is it possible to lease an M5 Comp for $1500-1600 a month with just upfronts due at signing
Cheapest M5C you can configure is 115,500.

On a 36/10 w 57 RV and .00190 MF you're right at $1,701 plus your state sales tax on top of that. I believe RV has fallen since I locked on mine (thought I heard 54 the other day). If that's the case add $90 per month to the payments above.

No way are you getting close to 1,500-1,600.

But look at it this way - if you stretch to 1,800 a month you're only 12 percent over your budget. .

Of course then the challenge would be to ONLY tick the box for comp pack, no fun paints, no full leather, no exec, no other options.
My RV as of this morning was 56 on a '23 at 36/12 fwiw
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      10-11-2022, 04:02 PM   #7
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Quote:
Originally Posted by MackSea70 View Post
Quote:
Originally Posted by G80beydoun View Post
Is it possible to lease an M5 Comp for $1500-1600 a month with just upfronts due at signing
Cheapest M5C you can configure is 115,500.

On a 36/10 w 57 RV and .00190 MF you're right at $1,701 plus your state sales tax on top of that. I believe RV has fallen since I locked on mine (thought I heard 54 the other day). If that's the case add $90 per month to the payments above.

No way are you getting close to 1,500-1,600.

But look at it this way - if you stretch to 1,800 a month you're only 12 percent over your budget. .

Of course then the challenge would be to ONLY tick the box for comp pack, no fun paints, no full leather, no exec, no other options.
Was waiting or someone to run these figures before I jumped in with a resounding "hell no" without evidence. So now that you've been kind enough to do this for us, the answer OP, as you can see is "hell no." Especially assuming you don't want the stripper car MackSea70 uses in his example.
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      10-11-2022, 04:06 PM   #8
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Quote:
Originally Posted by spuntyb View Post
Quote:
Originally Posted by MackSea70 View Post
Quote:
Originally Posted by G80beydoun View Post
Is it possible to lease an M5 Comp for $1500-1600 a month with just upfronts due at signing
Cheapest M5C you can configure is 115,500.

On a 36/10 w 57 RV and .00190 MF you're right at $1,701 plus your state sales tax on top of that. I believe RV has fallen since I locked on mine (thought I heard 54 the other day). If that's the case add $90 per month to the payments above.

No way are you getting close to 1,500-1,600.

But look at it this way - if you stretch to 1,800 a month you're only 12 percent over your budget. .

Of course then the challenge would be to ONLY tick the box for comp pack, no fun paints, no full leather, no exec, no other options.
My RV as of this morning was 56 on a '23 at 36/12 fwiw
i just got quoted this for a NON comp m5 pretty rough here
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      10-11-2022, 04:27 PM   #9
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Yeah, these higher interest rates are a bummer for all the new people to the M5 market.
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      10-11-2022, 05:27 PM   #10
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Quote:
Originally Posted by G80beydoun View Post
Quote:
Originally Posted by spuntyb View Post
Quote:
Originally Posted by MackSea70 View Post
Quote:
Originally Posted by G80beydoun View Post
Is it possible to lease an M5 Comp for $1500-1600 a month with just upfronts due at signing
Cheapest M5C you can configure is 115,500.

On a 36/10 w 57 RV and .00190 MF you're right at $1,701 plus your state sales tax on top of that. I believe RV has fallen since I locked on mine (thought I heard 54 the other day). If that's the case add $90 per month to the payments above.

No way are you getting close to 1,500-1,600.

But look at it this way - if you stretch to 1,800 a month you're only 12 percent over your budget. .

Of course then the challenge would be to ONLY tick the box for comp pack, no fun paints, no full leather, no exec, no other options.
My RV as of this morning was 56 on a '23 at 36/12 fwiw
i just got quoted this for a NON comp m5 pretty rough here
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      10-11-2022, 05:54 PM   #11
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Quote:
Originally Posted by G80beydoun View Post
Quote:
Originally Posted by spuntyb View Post
Quote:
Originally Posted by MackSea70 View Post
Quote:
Originally Posted by G80beydoun View Post
Is it possible to lease an M5 Comp for $1500-1600 a month with just upfronts due at signing
Cheapest M5C you can configure is 115,500.

On a 36/10 w 57 RV and .00190 MF you're right at $1,701 plus your state sales tax on top of that. I believe RV has fallen since I locked on mine (thought I heard 54 the other day). If that's the case add $90 per month to the payments above.

No way are you getting close to 1,500-1,600.

But look at it this way - if you stretch to 1,800 a month you're only 12 percent over your budget. .

Of course then the challenge would be to ONLY tick the box for comp pack, no fun paints, no full leather, no exec, no other options.
My RV as of this morning was 56 on a '23 at 36/12 fwiw
i just got quoted this for a NON comp m5 pretty rough here
That's silly
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      10-11-2022, 06:41 PM   #12
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Here are a couple of quotes my friend got on 2023's in the Midwest and East Coast. One at 5% off and one at 6% off. You have to do some legwork boys, some dealers just stay at msrp and some are realizing the market has changed.
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      10-12-2022, 08:48 AM   #13
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Quote:
Originally Posted by mitch65 View Post
Here are a couple of quotes my friend got on 2023's in the Midwest and East Coast. One at 5% off and one at 6% off. You have to do some legwork boys, some dealers just stay at msrp and some are realizing the market has changed.
It's 5% off because nobody wants to buy a stripped-out, zero-options M5
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      10-12-2022, 09:40 AM   #14
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Based on info I read yesterday re automotive trends, 2023 you should see the car market go back to pre-2021 levels and they should be dealing again. My lease is up December 31, 2023 and I think it should be a much different market by then.
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      10-12-2022, 01:44 PM   #15
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Originally Posted by LASpartan View Post
Based on info I read yesterday re automotive trends, 2023 you should see the car market go back to pre-2021 levels and they should be dealing again. My lease is up December 31, 2023 and I think it should be a much different market by then.
Hey LA Spartan, you have a beautiful M5 I would buy it out at the end of the lease if I were you. Please see this video: https://finance.yahoo.com/news/buyin...130145286.html
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Last edited by Greer; 10-12-2022 at 02:02 PM..
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      10-12-2022, 02:02 PM   #16
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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
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      10-12-2022, 02:33 PM   #17
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Or work for a dealer for a few months get a discount and youll be golden boom lower payments lol
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      10-12-2022, 02:38 PM   #18
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Quote:
Originally Posted by David911 View Post
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
1308? that is a steal that is crazy, wish we can go back to those times money fact has went up so high it's unbelievable do u think the prices will drop
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      10-12-2022, 02:49 PM   #19
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Quote:
Originally Posted by Greer View Post
Hey LA Spartan, you have a beautiful M5 I would buy it out at the end of the lease if I were you. Please see this video: https://finance.yahoo.com/news/buyin...130145286.html
That's 1000% my plan!
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      10-12-2022, 03:47 PM   #20
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Quote:
Originally Posted by David911 View Post
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.
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      10-12-2022, 04:00 PM   #21
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yes - I have MSD. All the scenarios I used included them.

I only have one car, so though I could get equity out of this one, I would have to just buy another car, and I like the M5. Given almost no changes between 2021 and 2023, it doesn't make sense to me. In December 2023, I'll buy my car, a 2021 M5 with known history and estimated 18,000 miles for $72K, which will be a good deal.
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      10-12-2022, 04:02 PM   #22
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Interestingly, I did not think I had a great deal in 2021 - it seemed like a really expensive car and a monster lease payment!!!
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