2022 M5 Lease Quote Extremely high - NYC Area

phoenixbmwlife · 04-12-2022, 07:36 AM

Quote:

Originally Posted by Abran_tasrif

Quote:

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

That $7k cash down and $4k equity is the part I wouldn't do. I would be so pissed if some idiot totaled the car moments after I just got the lease. All that money would be gone. Poof! Not a risk I would be willing to take but that's just me.

Abran_tasrif · 04-12-2022, 07:38 AM

Quote:

Originally Posted by phoenixbmwlife

Quote:

Originally Posted by Abran_tasrif

Quote:

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

That $7k cash down and $4k equity is the part I wouldn't do. I would be so pissed if some idiot totaled the car moments after I just got the lease. All that money would be gone. Poof! Not a risk I would be willing to take but that's just me.

You are absolutely right, called it off. Will keep my current car.

phoenixbmwlife · 04-12-2022, 07:57 AM

Quote:

Originally Posted by Abran_tasrif

Quote:

Originally Posted by phoenixbmwlife

Quote:

Originally Posted by Abran_tasrif

Quote:

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

That $7k cash down and $4k equity is the part I wouldn't do. I would be so pissed if some idiot totaled the car moments after I just got the lease. All that money would be gone. Poof! Not a risk I would be willing to take but that's just me.

You are absolutely right, called it off. Will keep my current car.

Finance instead? At least all that money would be going somewhere for you.

MackSea70 · 04-12-2022, 08:36 AM

You've asked if this is a good or bad deal - but I'm not sure how anyone can help without knowing the money factor. BMW lease payments are very straightforward to calculate.

I know since I leased mine (ordered July of last year, locked in October, car delivered in December) there have been at least 2, maybe 3 increases in the money factor. Money factor has a HUGE impact on total monthly payment (so much so that the same vehicle I locked in on in October would now cost a few hundred dollars a month more).

I do think the dealer you are working with has jacked up the MF - and there's no reason for that. But without all the details, it's hard for us to really say.

What makes your deal so bad is the monthly PLUS the down. Never put a dime down on a lease.

For reference, my 2022 M5C had a sticker of 137k (CCBs, MPE). I had a few bucks in loyalty, no down, just fees up front and I'm 1868 (FL sales tax rate).

MF has impacted payments so much that my car has become super desirable on the lease assumption market and I just this morning started the process of transferring the lease.

Good luck!

spuntyb · 04-12-2022, 08:47 AM

Quote:

Originally Posted by Abran_tasrif

Quote:

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

My final offer would be, "Absolutely not."

But that's just me.

Maverik259 · 04-12-2022, 01:40 PM

Glad you turned it down. Still would like to know what your broker can do these days.

Abran_tasrif · 04-12-2022, 05:04 PM

Quote:

Originally Posted by Maverik259

Glad you turned it down. Still would like to know what your broker can do these days.

My broker quoted me $2100/mo for comp and $1900 for non comp which is far worser than what the dealer quoted me.
Dealer offering 1700/mo with comp and pretty loaded. Broker offered a base for 1900/mo

Same down.
Further more, they quoted me $78,000 appraisal value after knowing my payoff is $77900 whereas dealer appraised me for $82,000.

I just laughed on the phone and said its alright Im good.

Abran_tasrif · 04-12-2022, 05:08 PM

Quote:

Originally Posted by MackSea70

You've asked if this is a good or bad deal - but I'm not sure how anyone can help without knowing the money factor. BMW lease payments are very straightforward to calculate.

I know since I leased mine (ordered July of last year, locked in October, car delivered in December) there have been at least 2, maybe 3 increases in the money factor. Money factor has a HUGE impact on total monthly payment (so much so that the same vehicle I locked in on in October would now cost a few hundred dollars a month more).

I do think the dealer you are working with has jacked up the MF - and there's no reason for that. But without all the details, it's hard for us to really say.

What makes your deal so bad is the monthly PLUS the down. Never put a dime down on a lease.

For reference, my 2022 M5C had a sticker of 137k (CCBs, MPE). I had a few bucks in loyalty, no down, just fees up front and I'm 1868 (FL sales tax rate).

MF has impacted payments so much that my car has become super desirable on the lease assumption market and I just this morning started the process of transferring the lease.

Good luck!

Thats true I kind of ignore that part. Never paid attention to it even though this is my 6th leased car. I always shop around, get quote and ask the other dealer to beat it, check swapalease, do every research to get a good deal but I never looked at MF much. Guess Im learning something new this weekend.

Abran_tasrif · 04-12-2022, 05:18 PM

Quote:

Originally Posted by phoenixbmwlife

Quote:

Originally Posted by Abran_tasrif

Quote:

Originally Posted by phoenixbmwlife

Quote:

Originally Posted by Abran_tasrif

Quote:

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

That $7k cash down and $4k equity is the part I wouldn't do. I would be so pissed if some idiot totaled the car moments after I just got the lease. All that money would be gone. Poof! Not a risk I would be willing to take but that's just me.

You are absolutely right, called it off. Will keep my current car.

Finance instead? At least all that money would be going somewhere for you.

I like to change cars pretty oftenf so I feel safe keeping the option to swap out my car anytime. In 2016 I financed a 535i, and wanted to sell it for a M3 after a year, turns out I was $25k under water on the loan. I was also pretty desperate for a M3 so I paid $25k cash just to payoff that 5 series and lease a m3. I learned my lesson after that, never financed any car, only leases.

The only time I ll finance is if the car holds value (ie. limited edition), if im putting a big down payment or Im keeping the car forever.

aj_g80 · 04-12-2022, 07:55 PM

Quote:

Originally Posted by Abran_tasrif

I like to change cars pretty oftenf so I feel safe keeping the option to swap out my car anytime. In 2016 I financed a 535i, and wanted to sell it for a M3 after a year, turns out I was $25k under water on the loan. I was also pretty desperate for a M3 so I paid $25k cash just to payoff that 5 series and lease a m3. I learned my lesson after that, never financed any car, only leases.

The only time I ll finance is if the car holds value (ie. limited edition), if im putting a big down payment or Im keeping the car forever.

how do you end up 25k under on a 535 after a year?

crypto · 04-12-2022, 08:47 PM

Quote:

Originally Posted by aj_g80

Quote:

Originally Posted by Abran_tasrif

I like to change cars pretty oftenf so I feel safe keeping the option to swap out my car anytime. In 2016 I financed a 535i, and wanted to sell it for a M3 after a year, turns out I was $25k under water on the loan. I was also pretty desperate for a M3 so I paid $25k cash just to payoff that 5 series and lease a m3. I learned my lesson after that, never financed any car, only leases.

The only time I ll finance is if the car holds value (ie. limited edition), if im putting a big down payment or Im keeping the car forever.

how do you end up 25k under on a 535 after a year?

That's a lot but I guess it took a beating because the G30 came out and crushed the value a bit.

Maverik259 · 04-13-2022, 03:35 AM

Quote:

Originally Posted by Abran_tasrif

Quote:

Originally Posted by Maverik259

Glad you turned it down. Still would like to know what your broker can do these days.

My broker quoted me $2100/mo for comp and $1900 for non comp which is far worser than what the dealer quoted me.
Dealer offering 1700/mo with comp and pretty loaded. Broker offered a base for 1900/mo

Same down.
Further more, they quoted me $78,000 appraisal value after knowing my payoff is $77900 whereas dealer appraised me for $82,000.

I just laughed on the phone and said its alright Im good.

Damn! What was the base payment? Not including NY taxes. Was the broker offering any discount off MSRP?

I think my 2020 was 11% off which put me at just under $1300/m (I don't pay taxes on my cars)

That but back value is hella low I feel like considering todays market. Looking like any thoughts of me moving into a LCI before they trash the V8 in the next model is hopeless. lol

weingarm · 04-22-2022, 03:40 PM

Quote:

Originally Posted by Camarejh

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

I have 23K miles on my 2019 M5, no issues whatsoever.

I'm still under warranty through 3/2023.

If you do the routine maintenance (oil changes, brake fluid, filters, replace brake pads/rotors/tires) don't see why it can't be relatively reliable for 80K+ miles.

m5eattle · 04-24-2022, 04:11 AM

Did you miss out on the awesome financing because of the spike in interest rates? What's their current best offer on a loan?

I ended up financing in 21Q3 because I don't want to be locked into a lease. Also with 1.49% financing, seemed like a no brainer. (BMWFS offered 0.9 at the time but the dealer wouldn't budge below 1.49. Car was MSRP so I caved, really wanted it.) My sticker was a bit higher than yours. Payment is a hair under 2.3, very manageable for me.

If a low payment is what you're after, seems like you were offered an acceptable deal. Though you probably could get more money for your current car with another buyer, even Carvana. Did you try taking a Carvana quote to them and asking for a match?

Make sure to scrutinize the buyout, residual and MF.

jsf721 · 04-24-2022, 05:56 AM

Walk on the 7k cash down.

Quote:

Originally Posted by Abran_tasrif

Dealer gave final offer:

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

Maverik259 · 04-24-2022, 06:14 AM

Quote:

Originally Posted by m5eattle

Did you miss out on the awesome financing because of the spike in interest rates? What's their current best offer on a loan?

I ended up financing in 21Q3 because I don't want to be locked into a lease. Also with 1.49% financing, seemed like a no brainer. (BMWFS offered 0.9 at the time but the dealer wouldn't budge below 1.49. Car was MSRP so I caved, really wanted it.) My sticker was a bit higher than yours. Payment is a hair under 2.3, very manageable for me.

If a low payment is what you're after, seems like you were offered an acceptable deal. Though you probably could get more money for your current car with another buyer, even Carvana. Did you try taking a Carvana quote to them and asking for a match?

Make sure to scrutinize the buyout, residual and MF.

What do you mean BMWFS offered 0.9% but the dealer wouldn't let you go below 1.49%? The dealer doesn't finance the car so I'm a little confused.

Jimmy K · 04-24-2022, 08:19 AM

I went through this dilemma also. I wanted to order an individual color but couldn't get an allocation for 2022. There were a few available 2022's that I could have wanted, but the asking price and lease deals just didn't make sense.

I ended up purchasing my 2019 M5C. I bought a 3yr/75k extended warranty for peace of mind and I'm gonna wait for the next gen M5 hybrid and pray it does not suck.

aj_g80 · 04-24-2022, 09:43 AM

Quote:

Originally Posted by Maverik259

What do you mean BMWFS offered 0.9% but the dealer wouldn't let you go below 1.49%? The dealer doesn't finance the car so I'm a little confused.

Dealer markup.. 1.5 is still free money.

Hammer110! · 04-24-2022, 04:48 PM

Quote:

Originally Posted by Maverik259

Damn! What was the base payment? Not including NY taxes. Was the broker offering any discount off MSRP?

I think my 2020 was 11% off which put me at just under $1300/m (I don't pay taxes on my cars)

That but back value is hella low I feel like considering todays market. Looking like any thoughts of me moving into a LCI before they trash the V8 in the next model is hopeless. lol

Your won’t find any 22LCI’s under MSRP....in fact most dealers are asking for a 10-20K market adjustment. MSRP in this market is a decent deal.

Hammer110! · 04-24-2022, 04:52 PM

Quote:

Originally Posted by Maverik259

What do you mean BMWFS offered 0.9% but the dealer wouldn't let you go below 1.49%? The dealer doesn't finance the car so I'm a little confused.

Dealers routinely sign clients up to rates that are worse than BMWFS advertised best rates. While they don’t hold the loan/lease and BMWFS does there are financial incentives to the dealer in doing so. Dealers routinely offer worse MF rates on leases than does BMSFS as well.

These are BMWFS leases and loans I’m referring to

m5eattle · 04-25-2022, 11:44 PM

Quote:

Originally Posted by aj_g80

Quote:

Originally Posted by Maverik259

What do you mean BMWFS offered 0.9% but the dealer wouldn't let you go below 1.49%? The dealer doesn't finance the car so I'm a little confused.

Dealer markup.. 1.5 is still free money.

This. Dealer insisted on a half point. Car had no ADM tacked onto purchase price. I did the math at the time and it worked out to an extra thousand or so over the 5yr term. (Can't remember the exact number.)

Maverik259 · 04-26-2022, 09:39 AM

So glad i am not in the market right now. i don't react well to shady money grubbing dealers. Little respect for them as it is, haha. and before anyone tries to play the supply and demand card, you can eat a D right along with them. Just because you can, doesn't mean you should. BMWs failure to produce vehicles to meet the demands of the market shouldn't be an excuse for the privately owned dealerships to take advantage of the consumer. I feel BMW should put a cap on mark ups to match the local market (ie. all cars should be more expensive in CA soley because CA sucks). Just my opinion. haha

04-12-2022, 08:36 AM	#26
MackSea70 Lieutenant 780 Rep 442 Posts Drives: 2023 M5C, 2020 Tesla Y LR Join Date: Jul 2021 Location: 32819 iTrader: (0)	You've asked if this is a good or bad deal - but I'm not sure how anyone can help without knowing the money factor. BMW lease payments are very straightforward to calculate. I know since I leased mine (ordered July of last year, locked in October, car delivered in December) there have been at least 2, maybe 3 increases in the money factor. Money factor has a HUGE impact on total monthly payment (so much so that the same vehicle I locked in on in October would now cost a few hundred dollars a month more). I do think the dealer you are working with has jacked up the MF - and there's no reason for that. But without all the details, it's hard for us to really say. What makes your deal so bad is the monthly PLUS the down. Never put a dime down on a lease. For reference, my 2022 M5C had a sticker of 137k (CCBs, MPE). I had a few bucks in loyalty, no down, just fees up front and I'm 1868 (FL sales tax rate). MF has impacted payments so much that my car has become super desirable on the lease assumption market and I just this morning started the process of transferring the lease. Good luck!
	Appreciate 2 Abran_tasrif58.50 Slack Beries41.00 Quote

04-12-2022, 01:40 PM	#28
Maverik259 Major General 4140 Rep 7,160 Posts Drives: F90 M5 / F15 50i Join Date: Jun 2017 Location: Virginia iTrader: (1) Garage List 2020 BMW M5 [10.00] 2014 X5 50i [0.00]	Glad you turned it down. Still would like to know what your broker can do these days. __________________ '07 Yamaha R1 (sold) '06 C55 AMG (sold) ‘?20 M5, MP Carbon Pro Spoiler, MP Carbon Diffuser, MP Black grille and gills, MP Carbon Mirrors, CF side sills, 789M w/ Ti studs, eventuri, Dinan X pipe '14 X5 50i (wife’s now)
	Appreciate 1 Abran_tasrif58.50 Quote

04-24-2022, 04:11 AM	#36
m5eattle human 90 Rep 116 Posts Drives: 2021 M5 Comp Join Date: Sep 2021 Location: Seattle, WA iTrader: (0) Garage List 2021 BMW M5 Competi ... [0.00]	Did you miss out on the awesome financing because of the spike in interest rates? What's their current best offer on a loan? I ended up financing in 21Q3 because I don't want to be locked into a lease. Also with 1.49% financing, seemed like a no brainer. (BMWFS offered 0.9 at the time but the dealer wouldn't budge below 1.49. Car was MSRP so I caved, really wanted it.) My sticker was a bit higher than yours. Payment is a hair under 2.3, very manageable for me. If a low payment is what you're after, seems like you were offered an acceptable deal. Though you probably could get more money for your current car with another buyer, even Carvana. Did you try taking a Carvana quote to them and asking for a match? Make sure to scrutinize the buyout, residual and MF.
	Appreciate 0 Quote

04-24-2022, 08:19 AM	#39
Jimmy K Private First Class 123 Rep 105 Posts Drives: '19 M5C Donington Gray/Blk Join Date: Aug 2018 Location: Johns Creek, GA iTrader: (0)	I went through this dilemma also. I wanted to order an individual color but couldn't get an allocation for 2022. There were a few available 2022's that I could have wanted, but the asking price and lease deals just didn't make sense. I ended up purchasing my 2019 M5C. I bought a 3yr/75k extended warranty for peace of mind and I'm gonna wait for the next gen M5 hybrid and pray it does not suck.
	Appreciate 1 spuntyb4060.50 Quote

04-26-2022, 09:39 AM	#44
Maverik259 Major General 4140 Rep 7,160 Posts Drives: F90 M5 / F15 50i Join Date: Jun 2017 Location: Virginia iTrader: (1) Garage List 2020 BMW M5 [10.00] 2014 X5 50i [0.00]	So glad i am not in the market right now. i don't react well to shady money grubbing dealers. Little respect for them as it is, haha. and before anyone tries to play the supply and demand card, you can eat a D right along with them. Just because you can, doesn't mean you should. BMWs failure to produce vehicles to meet the demands of the market shouldn't be an excuse for the privately owned dealerships to take advantage of the consumer. I feel BMW should put a cap on mark ups to match the local market (ie. all cars should be more expensive in CA soley because CA sucks). Just my opinion. haha __________________ '07 Yamaha R1 (sold) '06 C55 AMG (sold) ‘?20 M5, MP Carbon Pro Spoiler, MP Carbon Diffuser, MP Black grille and gills, MP Carbon Mirrors, CF side sills, 789M w/ Ti studs, eventuri, Dinan X pipe '14 X5 50i (wife’s now)
	Appreciate 2 afo818254.50 Swappy531.50 Quote