[desertfox73]

Originally Posted by wassy

What’s an awesome deal? I’m currently getting 6% off or invoice. With a $127,500 competition, selling price $119,300, first payment only 36/10 comes to $2041 with 6% tax. Straight deal. No bs fees and no rate markup. Think bmwfs needs to add another 10% to residual. Lol. My issue currently is not so much whether I can get a better discount but whether I want to commit for 36 months at a stupid payment on a $125k car roughly. Hard to justify and purchasing makes no sense. These drop like rocks and either way, going to have to hold for a while and that’s a problem for me. I like to change often. 8-14 months depending. That’s just me.

I switch out about every year as well; I used to lease, but realized I'd rather be the guy who bought the cars I was turning in. So now I look for 1-year old cars with very low miles...there are lots of them, especially with higher end cars like the M5. I take care to make sure I'm not buying an abused car, but that's a step that takes very little time and just a couple hundred bucks for an independent inspection.

Using that strategy has advantages:
I get payments usually below what a lease would have been for new
Easier to avoid first-year car issues, and let those play out with someone else
I have at least some equity in the car
I lose way less $ on the car when I eventually turn it in since the steepest depreciation drop happens in the first year

The downside is that I have zero patience to wait for the used market to populate, but I'm getting better about that as I get older.

If you can...wait a year (or maybe less), let the first year depreciation hit (at least 20% if not more), then jump on one. Put another way, be the person who is usually buying your lease cars when you turn them in after a year.

[wassy]

Originally Posted by desertfox73

I switch out about every year as well; I used to lease, but realized I'd rather be the guy who bought the cars I was turning in. So now I look for 1-year old cars with very low miles...there are lots of them, especially with higher end cars like the M5. I take care to make sure I'm not buying an abused car, but that's a step that takes very little time and just a couple hundred bucks for an independent inspection.

Using that strategy has advantages:
I get payments usually below what a lease would have been for new
Easier to avoid first-year car issues, and let those play out with someone else
I have at least some equity in the car
I lose way less $ on the car when I eventually turn it in since the steepest depreciation drop happens in the first year

The downside is that I have zero patience to wait for the used market to populate, but I'm getting better about that as I get older.

If you can...wait a year (or maybe less), let the first year depreciation hit (at least 20% if not more), then jump on one. Put another way, be the person who is usually buying your lease cars when you turn them in after a year.

Great thoughts! I generally do that. But, with the m5 having perhaps a little more depreciation than average, either way we get bitten, give or take a few bucks. As for used, that’s what I initially set
Out to but have seen very little in the way of used, which begs the question, why such a high depreciation if nobody selling?

[balasa0731]

I have a "deal" for anyone in the PNW

[wassy]

Originally Posted by balasa0731

I have a "deal" for anyone in the PNW

I bought 4 of them. Lol

[mwlmd]

Originally Posted by balasa0731

I have a "deal" for anyone in the PNW

Which dealer?

[balasa0731]

Originally Posted by mwlmd

Which dealer?

Bellevue

[onesixeight]

Originally Posted by balasa0731

Bellevue

Worst dealer in the PNW...Stay far away from them. BMW Seattle hands down!

[zims2730]

Originally Posted by onesixeight

Worst dealer in the PNW...Stay far away from them. BMW Seattle hands down!

Seattle and Bellevue are both terrible - DPad in Portland all the way. 100% worth the short trip down.

[Neptune7]

I've bought BMW's from BMW Seattle for over 15 years including the upcoming Comp. They treat their customers well and reward loyalty. PM if you need CA names.

[F01Boost]

I have a connect that can do invoice on the m5 come if anyone is interested

[wassy]

Originally Posted by F01Boost

I have a connect that can do invoice on the m5 come if anyone is interested

I was also offered invoice and no other BS make up fees but as I posted elsewhere, I just can’t get my arms around the horrific lease numbers. And while I could also just buy it, those residuals are telling me something! Lol

[CGM]

Where do you get the invoice price from?

[guarnibl]

Invoice is 93% of MSRP I believe.

M5's have always depreciated heavily as long as I can remember, even back to the E60. Never really paid attention to the M5 before then... had an E46.

I'd expect to see some EOY deals because we always tend to... so that lease credit/incentives should help. But I think this is the new normal for a while. At least until we see some serious competition or BMW starts trying to move them more aggressively (i.e., few months before '20 MY start showing up).

The tend to option cars with everything on them -- because if I'm spending $120k I might as well spend $130k and get what I want.... so for me, without any money down, assuming invoice, '19 residuals are so bad therefore the payment is in the $2's. I will wait until BMW kicks up residuals to move cars and we see deals in the $1400-$1600 range for $130k sticker cars, after tax (9%). For me anyway, that allows me to put a cap cost reduction down that balances both risk of getting into an accident that results in lost reduction, and retaining the ability to easily get out of the lease because it's a high option car for a low payment (relative to the market). I did this with my M4 and it made things SO much easier. Other option is look for a lease take over as well. I tend to get bored though and don't want to be stuck with something without an inexpensive way out for longer than 18-24 months.

[Pimpsy]

Originally Posted by CGM

Where do you get the invoice price from?

You can build a BMW and see the real invoice cost at the nada.com website.

Very helpful during negotiations. The dealers will typically take MSRP and multiply by .937~.947 to calculate invoice cost but the markup on options is not consistent so the real invoice cost varies (by percentage) depending on options.

[OpenRoadBmw]

I have 6 M5 Comps in stock giving good deals!!

Send me a text for those interested
718 612 4447

Shipping anywhere in US

[themnmd]

Originally Posted by OpenRoadBMW

I have 6 M5 Comps in stock giving good deals!!

Send me a text for those interested
718 612 4447

Shipping anywhere in US

Where in NY?

[OpenRoadBmw]

Originally Posted by themnmd

Where in NY?

new jersey just quoted 3 people and customers were impressed

[themnmd]

Originally Posted by OpenRoadBMW

new jersey just quoted 3 people and customers were impressed

I will be looking in spring time. how much for covered transportation to California if u know?

[AgentMax]

Got 20% off here. But car was already built.

[OpenRoadBmw]

Originally Posted by themnmd

I will be looking in spring time. how much for covered transportation to California if u know?

Best bet would be to contact me when you are ready to purchase. Being programs, money factor etc all changes month by month.

But when you are ready i would be more than happy to help out

[dardeca]

What is the base MF for the M5 in January? I saw the residuals improved...but didn't see what the MF was. I believe December was at .00182.

[jeffscott1]

Originally Posted by AgentMax

Got 20% off here. But car was already built.

20% (that math on my car would have been a discount of $27,000.00) off an in-demand car with +/_ 7% margin is good negotiating.

I got 43.9876% off plus a year of foot massages