03-19-2019, 10:09 AM | #1 |
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Lease Take over F90 M5
I'm putting up my 2018 M5 for lease take over. Monthly is:$1501.02 +Tax(NJ)$105.07= $1606.09. I'm looking for $0 down but you pay for transfer fees. I'm negotiable on the down payment for someone who can come see the car in person. Located in NYC/NJ Area. Here are the specs: MSRP $118,895 Exterior: Alpine White Interior: Aragon Brown Full Merino Leather Aluminum Carbon Structure Dark Interior Trim Carbon Fiber Roof Options: Executive Package Driving Assistance Plus Package Bowers & Wilkins Diamond Surround Sound System Apple CarPlay Gesture Controls 20" M Double-spoke black wheels, style 706M with Pirelli Snow Tires and also Original Michelin performance non run-flat tires FormulaOneŽ High Performance Auto Tint by LLumar 15% All Around LLumar Air Blue 80 Front Wind Shield. Vehicle Programs: Rim/ Tire insurance for the lease term. Included cosmetic and etc. Ultimate Care Bundle where it covers until 4 years/50,000Miles Basically if anything happens to the car just go to any BMW service and just give your keys everything will taken care of. Lease terms: Lease start 4/24/18 Lease end 4/24/21 Total allowed miles 45,000 Current miles 15,500 as of 7/25/19 Monthly payment:$1501.02 +Tax(NJ)$105.07= $1606.09 Down Payment needed: $0 but you pay for transfer fees
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Current Daily Drivers: 2018 BMW M5 F90 Alpine White/ Aragon Brown Full Merino Leather, 20" M Double-Spoke Black, Formula1 15% Tints Retired: 2012 535Xi Carbon Black, Meisterschaft GTS Quad Exhaust And ETC Last edited by hsrashid5; 07-25-2019 at 02:46 PM.. Reason: Update |
03-19-2019, 10:11 AM | #2 |
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03-19-2019, 11:01 AM | #3 |
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Why are you turning it in so fast?
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03-19-2019, 12:56 PM | #5 | |
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That's basically a $1900 payment if someone put $0 down ($7000 down gets spread over only 24 months since that's all that remains on the lease), and I think you could do a lot better than that on a brand new base model, and possibly even better on a brand new comp.
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03-19-2019, 01:35 PM | #6 | |
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1. don't ask for a downpayment--I stopped doing that a long time ago when I continually lost interested parties. If you're prepared to wait, perhaps it'll go but I never shifted a lease with a required downpayment. 2. list the lease without your local tax but be open about that in the comments; the tax rates vary so wildly and you may price yourself out of a query 3. upload actual pics, not stock photos. Upload at least exterior pics from various angles at a distance and close-ups, same for the interior--it's what drives most clicks to view your car so ensure the default picture is freakin' awesome 4. ensure there's good reason for them to take your car vs. getting a new one--I don't see that right now. $7K down and an $1800-$1900 payment is a reasonably well-equipped brand new 2019 M5 Comp hence no reason to go with your car. Lose the $7K down ask and now your car's special. |
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03-22-2019, 08:05 PM | #7 |
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That's the problem with getting something 'new' and then trying to unload. Cap costs now are much better than last year. Non comp '19 can be had for a lot less and no deposit
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04-04-2019, 02:24 PM | #9 |
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yes, on a 118K build with that much down payment should have been way lower.. as others pointed out if you want that car to be taken over you need to eat that downpayment.. on a lease you max you should be paying for drive off should be your registration and maybe first payment but even with those you should use manufacturer incentives to cover those and work the dealer..
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04-05-2019, 09:06 AM | #10 |
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I agree with all points above. I've assumed at least 10+ leases on swapalease and can assure that with your high monthly payment on a $118k car with $7k down is not going to get you any buyers. Take a look what people are offering now on swapalease. I was able to get a 2018 M5, $128k MSRP, 4k miles on the odometer @$1,398 per mo, $0 down and taxes included in that payment. Sorry, but you're going to need to offer an incentive for someone to take over you car.
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04-05-2019, 01:23 PM | #12 |
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Most people on swap a lease want to put zero down. That's why they are there in the first place.
There are people who will scrape together a few dollars to get into an amazing deal but that's about as far as it's going to go.
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04-06-2019, 04:01 PM | #13 |
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The posts all support the same basic point (i.e. not a good enough deal to sell the lease, etc.) and the more data/opinions/past examples the better. Sure, there's definitely a point where a thread is 'dead' but we're nowhere near that yet (to me at least).
So I'm a bit confused why you think it's messing with the thread. |
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04-06-2019, 04:04 PM | #14 | |
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Any car has to seriously stand-out on SwapAlease relative to its SwapAlease competition but it has to most especially do so when compared to new leases. |
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04-16-2019, 12:43 PM | #15 |
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I took in all the comments and came down on the downpayment.
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Current Daily Drivers: 2018 BMW M5 F90 Alpine White/ Aragon Brown Full Merino Leather, 20" M Double-Spoke Black, Formula1 15% Tints Retired: 2012 535Xi Carbon Black, Meisterschaft GTS Quad Exhaust And ETC |
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04-16-2019, 12:44 PM | #16 |
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Current Daily Drivers: 2018 BMW M5 F90 Alpine White/ Aragon Brown Full Merino Leather, 20" M Double-Spoke Black, Formula1 15% Tints Retired: 2012 535Xi Carbon Black, Meisterschaft GTS Quad Exhaust And ETC |
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04-16-2019, 12:45 PM | #17 |
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Bump
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Haseeb
Current Daily Drivers: 2018 BMW M5 F90 Alpine White/ Aragon Brown Full Merino Leather, 20" M Double-Spoke Black, Formula1 15% Tints Retired: 2012 535Xi Carbon Black, Meisterschaft GTS Quad Exhaust And ETC |
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04-16-2019, 01:12 PM | #18 |
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That won't be enough. Look at this one on SwapAlease, not only is the seller not-asking for a downpayment, they're offering $12,000 cash incentive to takeover the lease.
There are 5 around $1350 / month and over 10 under $1,500. 4 or more of these were offering incentives. Heck, if I didn't have a car already, I'd assume one of these! |
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05-09-2019, 11:49 AM | #19 |
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BUMP!
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Haseeb
Current Daily Drivers: 2018 BMW M5 F90 Alpine White/ Aragon Brown Full Merino Leather, 20" M Double-Spoke Black, Formula1 15% Tints Retired: 2012 535Xi Carbon Black, Meisterschaft GTS Quad Exhaust And ETC |
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07-25-2019, 02:46 PM | #20 |
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BUMP!
$0 down but You pay transfer Fees.
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Haseeb
Current Daily Drivers: 2018 BMW M5 F90 Alpine White/ Aragon Brown Full Merino Leather, 20" M Double-Spoke Black, Formula1 15% Tints Retired: 2012 535Xi Carbon Black, Meisterschaft GTS Quad Exhaust And ETC |
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