[Abran_tasrif]

Hello All,
So Currently I have a 2020 BMW M5 with 11 mos remaining on lease. My payoff is $77,900 and the car has 37,000 miles. Dealer gave me an appraisal value of $81,000, which gives me about $3100 trade in equity.

I said I would put $5000-7000 down.
I found a 2022 M5 Comp Motegi Red on Atlanta, GA.
They quoted me $1769 a month with $3100 Trade in equity, $7,000 cash out of pocket down on 36 months and 10,000 miles a year.

I only pay $1414 a month for my 2020 M5.

$1769 is extreme with almost $10,000 as down payment (considering my $3100 trade in equity) and 750$ bmw loyalty rebate.

I mean I understand car market is crazy in the US here but Does this sound normal?

[pbonsalb]

If you don’t buy it someone else will. These are good times for dealers and bad times for buyers.

[trev230]

Leases have gone through the roof. Rising interest rate environment equals difficult lease terms. Sucks but it is what it is.

[spuntyb]

Originally Posted by pbonsalb

If you don't buy it someone else will. These are good times for dealers and bad times for buyers.

Sadly, there is nothing more to it. It's a dealer's market for the foreseeable future (ie this year at least), and we are screwed. This is exactly the kind of quote all of us will get for now. Buy out your lease, sit tight, and enjoy the ride until things cool off. Can always get in touch with a lease broker to help you look, but I'm telling you, MSRP plus crazy high monthly payments is the best deal anyone can get you.

[aj_g80]

do bmw select then. dont lease it.

dont ever put that much down on a lease.

[Abran_tasrif]

Originally Posted by spuntyb

Sadly, there is nothing more to it. It's a dealer's market for the foreseeable future (ie this year at least), and we are screwed. This is exactly the kind of quote all of us will get for now. Buy out your lease, sit tight, and enjoy the ride until things cool off. Can always get in touch with a lease broker to help you look, but I'm telling you, MSRP plus crazy high monthly payments is the best deal anyone can get you.

Thanks for your reply! Thats what Im probably going to do buy out lease and than maybe finance or lease a m5 cs.

I was ready to pay $1600/mo w 5k down anyday

[aj_g80]

Originally Posted by Abran_tasrif

Thanks for your reply! Thats what Im probably going to do buy out lease and than maybe finance or lease a m5 cs.

I was ready to pay $1600/mo w 5k down anyday

No lease programs available on M5 CS.

[Abran_tasrif]

Originally Posted by aj_g80

No lease programs available on M5 CS.

Not coming in the future too?

[Greer]

Yes, as others have said never put that much down on a lease. You have a great car, why not keep it?

[aj_g80]

Originally Posted by Abran_tasrif

Not coming in the future too?

No. Since day 1 there have been no programs, and if i'm remembering correctly probably all of the U.S CS's are spoken for already (new)


I'll sell you mine for over MSRP though.

[Abran_tasrif]

Originally Posted by aj_g80

No. Since day 1 there have been no programs, and if i'm remembering correctly probably all of the U.S CS's are spoken for already (new)


I'll sell you mine for over MSRP though.

Really, My friends have leased M3 CS ans M4 CS. Thought it would be same for M5 too.

[Abran_tasrif]

Originally Posted by Greer

Yes, as others have said never put that much down on a lease. You have a great car, why not keep it?

Thats the plan, just worry about miles thats all. Already at 37,000 can imagine 45K by end of lease.
Not sure how reliable the M5's are,

but so far I had no major issues except change steering rack under warranty because it cracked.

[Ex_Stig]

Originally Posted by Abran_tasrif

Really, My friends have leased M3 CS ans M4 CS. Thought it would be same for M5 too.

Nope. No BMW lease program for the M5 CS. You can get a custom lease through Putnam if you really need it, but it will be an open end lease where you have to buy the car at the end of the term.

[aj_g80]

Originally Posted by Abran_tasrif

Really, My friends have leased M3 CS ans M4 CS. Thought it would be same for M5 too.

BMW learned their lessson, and didn't whore out the M5CS...


M3/M4 CS's at one point were leasing for 800PM with 2k down. LOL.


They clearly wanted to keep the m5 in a different category. Which i'm sure most of the owners appreciate. And from what they have been selling for, and asking for, it should* retain value well...

And they also kept the U.S units to less than 500. Which helped tremendously.

[Maverik259]

I would never put a dime down on a lease unless you 100% plan to buy at end.

Try a broker and see what they can get you. I would never lease a bmw direct from a dealer anymore.

[Abran_tasrif]

Originally Posted by Maverik259

I would never put a dime down on a lease unless you 100% plan to buy at end.

Try a broker and see what they can get you. I would never lease a bmw direct from a dealer anymore.

I always use brokers to buy my cars, but this time my broker was late replying and taking things super slow, so I just was asking for quotes with dealers to get an idea of how much it would be a month.

[Seanpatio]

What was the sticker price on your existing car and new car? Are you paying over MSRP? The lease is more expensive for a reason. I'm in California so our taxes are crazy. I'm paying $1950 including taxes and an added maintenance package. My MSRP was 137k. That was also 5k down. I didn't pay a cent over MSRP.

[Camarejh]

Originally Posted by Abran_tasrif

Thats the plan, just worry about miles thats all. Already at 37,000 can imagine 45K by end of lease.
Not sure how reliable the M5's are,

but so far I had no major issues except change steering rack under warranty because it cracked.

I have 57k miles on my 18. I drive it drive it too. No problems at all. Another buddy of mine has 78k miles on his M5. No issues. Seems like theyre pretty reliable. Fingers crossed

[Abran_tasrif]

Originally Posted by Seanpatio

What was the sticker price on your existing car and new car? Are you paying over MSRP? The lease is more expensive for a reason. I'm in California so our taxes are crazy. I'm paying $1950 including taxes and an added maintenance package. My MSRP was 137k. That was also 5k down. I didn't pay a cent over MSRP.

New car im trying to lease mrsp: $123,000
My current car mrsp: $111,000

Dealer emailed me today saying we are ready to offer u $1000 more for trade in lol.

[Seanpatio]

Originally Posted by Abran_tasrif

New car im trying to lease mrsp: $123,000
My current car mrsp: $111,000

Dealer emailed me today saying we are ready to offer u $1000 more for trade in lol.

That explains the payment difference! Take it!

[RAUDERRIPPER]

Originally Posted by Abran_tasrif

Thanks for your reply! Thats what Im probably going to do buy out lease and than maybe finance or lease a m5 cs.

I was ready to pay $1600/mo w 5k down anyday

I think they're all gone to buyers anyhow. And if not it's 30-50k over if you're trying to finance.

[Abran_tasrif]

Originally Posted by Abran_tasrif

Hello All,
So Currently I have a 2020 BMW M5 with 11 mos remaining on lease. My payoff is $77,900 and the car has 37,000 miles. Dealer gave me an appraisal value of $81,000, which gives me about $3100 trade in equity.

I said I would put $5000-7000 down.
I found a 2022 M5 Comp Motegi Red on Atlanta, GA.
They quoted me $1769 a month with $3100 Trade in equity, $7,000 cash out of pocket down on 36 months and 10,000 miles a year.

I only pay $1414 a month for my 2020 M5.

$1769 is extreme with almost $10,000 as down payment (considering my $3100 trade in equity) and 750$ bmw loyalty rebate.

I mean I understand car market is crazy in the US here but Does this sound normal?

Dealer gave final offer:

$1700/mo - 36 mos - 10k miles
7K Cash down; 4.1K trade in Equity