$2042 per month with $2000 down, is it a good deal?

spuntyb · 11-08-2022, 06:34 AM

I spoke to 5 dealers in NJ last month, and of the very few who even had any '22 cars sitting around, the best I got was 1% off after I told them I had an offer from a broker already. I hope you guys get better offers!

ResIpsaLoquitur · 11-08-2022, 02:58 PM

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Originally Posted by Aidinf

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Originally Posted by ResIpsaLoquitur

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Originally Posted by ResIpsaLoquitur

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Originally Posted by Aidinf

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Originally Posted by ResIpsaLoquitur

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Thank you very much for the kind words! It's very stealthy with the piano black interior. More low key than my sportier pre-LCI. Originally specced with red, but went black in the end after scratching my red caliper itch with another car.

That's because that deal is is significantly inflated, with help from the dollar amounts mentioned in my previous post.

Those type of advertised deals you see on the manufacturer's website (as opposed to a dealership) are all theoretical (meaning they're not based on a specific car, but based on some configuration of the car), don't typically include dealer discounts (though may include loyalty, military, conquest, etc).

With that being said, prices are normalizing from where we were a handful of months ago. But I don't think we've gotten to $133k cars for $2033/month — yet. The theoretical problem above goes both ways — some dealers are higher than those amounts due to the trend of ADM/not discounting.

Can you figure out the money factor and the sales tax and post it? We could estimate what a better deal would probably be.

Thanks a lot for your help.

I don't know the money factor as when I asked I was told the figures are computer generated, so the dealer didn't know it.

Regarding tax, I was told it will be paid portion, I think according to the depreciation rate.

You're welcome!

"I was told the figures are computer generated, so the dealer didn't know it."

This is the biggest (and one of the boldest) BS I have ever heard. They literally cannot configure a deal without inputting money factor. Insist that if it is not disclosed to you, you won't go through with the deal. Ask them to show you what (and from where, this dealer has shown you already they'll overtly and blatantly lie about anything and everything) BMW's buy rate is, and you won't go through without it. You can't cross shop different deals properly without it either.

That irritates the hell out of me, and this isn't even my lease. Some shady scum dealer BS.

I cannot be more agreed with you. Money factor, or interest rate, should be clear for the customer. I didn't push for it as I realised I can wait and order what I exactly want.

As an example, I prefer white interior, which is rare in the inventories. Or, premium sound. So, I'll search and try to find a dealership which is more clear/honest with the customer, then I will order mine.

As a different topic, I was asked to pay $5000 to order. Is this common?

You should definitely order what you want, especially if you can get 4% off on it. Obviously, the lease price is calculated based on the selling price of the car. So even if you order, money factor is still at play if you lease it.

Some dealers want deposits, I don't think it's entirely off base. 5,000 is the higher end. I put 2,000 on my ordered car. Just makes sure to get in writing that it's refundable, at the very least until you get to the status code that stops from you changing options, but ideally even up to the point that the car arrives at the dealership if you want flexibility. I thought I ordered the perfect car for me, and everything was going to work out great, and it did not, and I ended up needing to get that deposit back (which I did — reputable dealer, multi car previous customer).

Does your dealer offer 4% discount with $2000 deposit, subject to finance/lease? If yes, I'm happy to order the car tomorrow provided I have the car in 5/6 months. I prefer to have an individual paint.

If you don't mind me asking, where about do you leave, in which state? I'm happy to buy this car wherever provided I can drive it in Iowa and Texas.

PM'ed.

PM'ed

PM not received.

STi from DSM · 11-08-2022, 05:26 PM

Why lease a new one when slightly used will do? You could buy a 21' LCI and get $30k+ off new prices with some miles on it.

Aidinf · 11-08-2022, 05:33 PM

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Originally Posted by STi from DSM

Why lease a new one when slightly used will do? You could buy a 21' LCI and get $30k+ off new prices with some miles on it.

I'm a bit nervous about previous owner(s). You never know how harsh the car been driven.

crypto · 11-08-2022, 05:35 PM

Quote:

Originally Posted by STi from DSM

Why lease a new one when slightly used will do? You could buy a 21' LCI and get $30k+ off new prices with some miles on it.

Where are you getting these numbers form lol? Who is selling a low mileage '21 M5C with let's say a 118k MSRP for $88k?

ResIpsaLoquitur · 11-08-2022, 05:40 PM

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Originally Posted by Aidinf

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Originally Posted by STi from DSM

Why lease a new one when slightly used will do? You could buy a 21' LCI and get $30k+ off new prices with some miles on it.

I'm a bit nervous about previous owner(s). You never know how harsh the car been driven.

+1 on this, but not just for harsh. You never know what's been done to it. There is no way I would get an M5 other than leasing new for 3 years or less. This is just my personal preference, but to each their own. I can also see how for many people, it makes sense to buy slightly used, though. I'm paying a premium to not have to worry about anyone else's headache, getting a new car every few years after walking into the dealership and giving them my keys, and leaving with a new one. Then repeat.

STi from DSM · 11-08-2022, 06:02 PM

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Originally Posted by crypto

Where are you getting these numbers form lol? Who is selling a low mileage '21 M5C with let's say a 118k MSRP for $88k?

Umm, you do realize that Autotrader has a few of these for sale right now that are at least $30k off from a brand new one?

Right now at Tucker Chevrolet, there is one for sale, $85k, Comp, Alvite Gray. Even at $115k which this would be above, that is more than $30k.

Of course "Low Mileage" is different for everyone. I would consider this low mileage.

Aidinf · 11-08-2022, 07:40 PM

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Originally Posted by STi from DSM

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Originally Posted by crypto

Where are you getting these numbers form lol? Who is selling a low mileage '21 M5C with let's say a 118k MSRP for $88k?

Umm, you do realize that Autotrader has a few of these for sale right now that are at least $30k off from a brand new one?

Right now at Tucker Chevrolet, there is one for sale, $85k, Comp, Alvite Gray. Even at $115k which this would be above, that is more than $30k.

Of course "Low Mileage" is different for everyone. I would consider this low mileage.

Cannot be more agreed with you. 25k miles is way too much for an M car, in "my" opinion. I have a G80 bought in 2021 Dec and the mileage is only 2500 miles so far.

However, I know people, including a friend of mine, who bought a car with 135k miles on the clock considering the car as a low mileage one.

This is absolutely subjective.

micvite · 11-08-2022, 11:10 PM

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Originally Posted by Aidinf

First of all, black calliper idea is nice. I was thinking about same composition if I want to build mine.

I learnt a lot from these few posts regarding the price itself. Thanks.

Now, my confusion is the dealer offered me $2042/m with $2000 down for around $122k while if you use BMW official website, it shows $2033/m for $133k vehicle no down, please see attached.

Regarding "all season package", it's a wrap for bonnet. I won't use dealer to do so.

In terms of registration, I'll most likely will buy/order the car from Dallas, where I want to eventually settle.

I was paying 2200 a month for my 161k msrp car, albeit for a loan, so your 118k car should be wayyy less from what my understanding is, though idk how bad lease deals are rn.

MackSea70 · 11-09-2022, 07:31 AM

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Originally Posted by micvite

I was paying 2200 a month for my 161k msrp car, albeit for a loan, so your 118k car should be wayyy less from what my understanding is, though idk how bad lease deals are rn.

The market has changed a lot since your last one - MF on a lease has doubled, APR on finance has gone from I think 1.99 -> 4.79. Your 161k car would be 3,1xx w no money down right now.

spuntyb · 11-09-2022, 07:46 AM

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Originally Posted by MackSea70

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Originally Posted by micvite

I was paying 2200 a month for my 161k msrp car, albeit for a loan, so your 118k car should be wayyy less from what my understanding is, though idk how bad lease deals are rn.

The market has changed a lot since your last one - MF on a lease has doubled, APR on finance has gone from I think 1.99 -> 4.79. Your 161k car would be 3,1xx w no money down right now.

Pretty much. My 2019 lease was $1300/month (with extended warranty and tire/wheel), and now my '23 lease that's basically the same car but without Bowers and a bunch of CF pieces is $2100 (after extended and tire/wheel). Absurd.

MackSea70 · 11-09-2022, 09:35 AM

Quote:

Originally Posted by Aidinf

Cannot be more agreed with you. 25k miles is way too much for an M car, in "my" opinion. I have a G80 bought in 2021 Dec and the mileage is only 2500 miles so far.

However, I know people, including a friend of mine, who bought a car with 135k miles on the clock considering the car as a low mileage one.

This is absolutely subjective.

I sent you a PM re: some leads on ordering a discounted car - did you get them?

Aidinf · 11-09-2022, 06:33 PM

Quote:

Originally Posted by MackSea70

Quote:

Originally Posted by Aidinf

Cannot be more agreed with you. 25k miles is way too much for an M car, in "my" opinion. I have a G80 bought in 2021 Dec and the mileage is only 2500 miles so far.

However, I know people, including a friend of mine, who bought a car with 135k miles on the clock considering the car as a low mileage one.

This is absolutely subjective.

I sent you a PM re: some leads on ordering a discounted car - did you get them?

Yes I received. Thanks for it. However, I didn't have the chance to reply.

jc05e46m3 · 11-09-2022, 07:36 PM

Quote:

Originally Posted by Aidinf

Hi All,

I just moved to the US and looking for a car. I have a G80 so decided to upgrade a bit and go for a F90.

I saw one, a brand new 2023 with all features but the ceramic brake and premium sound in the dealership. Its sticker price is $118k.

I was offered a 36 month lease with $2000 down and $2024 monthly payment.

The car will worth $67400, at the end of lease.

Is it a good deal?

This lease option is new for me so my question might look simple but confusing for me.

TIA

I just listed mine fs if you're open to used examples.

Greer · 12-04-2022, 12:31 AM

Quote:

Originally Posted by MackSea70

The market has changed a lot since your last one - MF on a lease has doubled.

I feel so blessed that I got my 2022 M5 when I did.

somer · 12-05-2022, 09:41 PM

$900 more than my F10 lease, woof.

World sure has changed.

mitch65 · 12-07-2022, 01:53 PM

The 2023 M5 Lease Money Factor dropped for December to 0.00170. Probably because so many M5's are sitting on dealer lots now

Snoop7256 · 12-08-2022, 08:24 PM

Quote:

Originally Posted by mitch65

The 2023 M5 Lease Money Factor dropped for December to 0.00170. Probably because so many M5's are sitting on dealer lots now

Need some bigger rebates too. M5s are not moving right now

micvite · 12-13-2022, 04:11 AM

Quote:

Originally Posted by ResIpsaLoquitur

+1 on this, but not just for harsh. You never know what's been done to it. There is no way I would get an M5 other than leasing new for 3 years or less. This is just my personal preference, but to each their own. I can also see how for many people, it makes sense to buy slightly used, though. I'm paying a premium to not have to worry about anyone else's headache, getting a new car every few years after walking into the dealership and giving them my keys, and leaving with a new one. Then repeat.

I've never done a lease but it's my understanding that you're not responsible for the car during the lease, so if something happens bmw covers it as long as warranty isnt voided, and on a cpo you have extended warranty anyway no?

ResIpsaLoquitur · 12-13-2022, 10:35 AM

Quote:

Originally Posted by micvite

Quote:

Originally Posted by ResIpsaLoquitur

+1 on this, but not just for harsh. You never know what's been done to it. There is no way I would get an M5 other than leasing new for 3 years or less. This is just my personal preference, but to each their own. I can also see how for many people, it makes sense to buy slightly used, though. I'm paying a premium to not have to worry about anyone else's headache, getting a new car every few years after walking into the dealership and giving them my keys, and leaving with a new one. Then repeat.

I've never done a lease but it's my understanding that you're not responsible for the car during the lease, so if something happens bmw covers it as long as warranty isnt voided, and on a cpo you have extended warranty anyway no?

I have heard that before, and to some extent, it's logical if they do — it's their car after all. But with that being said, I don't see anything in my lease that contractually or legally binds them to do so. There of course exists the factory warranty as you mentioned, but beyond that, if they do in fact cover whatever happens, I believe it's either good will or out of self preservation.

Fortunately, I've never had to worry about anything on either of mine so far. Small issues? Yes, definitely. But all resolved under warranty.

Of course you could buy new and not have to worry about anything being done to the car previously, but I don't purchase my DDs, so I was stating in that context that I only lease new, but obviously buying new would hedge the risk I try to avoid as well.

Kponti · 12-31-2022, 10:36 AM

With the history of BMW v8s, I'm not surprised there are a lot on here who believe M cars are not worth it past 3 years/30k miles.
Kinda sucks cos I loved my 2018 for as long as I had it. Interior build quality felt better to me than my current MB (which cost me waaaay more monthly than the M5).

If I were to go by the comments on this thread, I wouldn't touch another BMW especially having had AMGs past 100k miles several times over in the past (leasing kinda sucks on those cars)

11-08-2022, 06:34 AM	#23
spuntyb Brigadier General 4061 Rep 4,983 Posts Drives: 2019 F90 Competition Join Date: Aug 2013 Location: USA iTrader: (0)	I spoke to 5 dealers in NJ last month, and of the very few who even had any '22 cars sitting around, the best I got was 1% off after I told them I had an offer from a broker already. I hope you guys get better offers! __________________ <b>2023 M5C SRG\|Aragon \|\| 2018 Macan GTS</b> 2019 F90 Comp MBB\|Black (sold) 2018 F80 ZCP TB\|SS (sold) 2015 F30 335 AW\|CR (sold) 2015 F31 MG\|CR (sold) 2011 E90 JB\|Oyster (sold)
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11-08-2022, 05:26 PM	#25
STi from DSM Lieutenant 257 Rep 488 Posts Drives: 2019 Audi RS5 Sportback Join Date: May 2020 Location: Champlin MN iTrader: (4) Garage List 2018 BMW M5 [0.00]	Why lease a new one when slightly used will do? You could buy a 21' LCI and get $30k+ off new prices with some miles on it. __________________ 2019 Audi RS5 Sportback Navarra Blue (Current)\|2021 Audi S4 (Quantum Gray) SOLD\|2018 BMW M5 (Singapore Gray) (SOLD)\|2019 Audi RS5 (Mythos Black) (SOLD)
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12-05-2022, 09:41 PM	#38
somer Major 966 Rep 1,052 Posts Drives: F10 M5 CP Join Date: Oct 2013 Location: FL iTrader: (0)	$900 more than my F10 lease, woof. World sure has changed.
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12-07-2022, 01:53 PM	#39
mitch65 Private First Class 123 Rep 179 Posts Drives: 2023 X7 Join Date: Oct 2013 Location: Los Angeles iTrader: (0)	The 2023 M5 Lease Money Factor dropped for December to 0.00170. Probably because so many M5's are sitting on dealer lots now
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12-31-2022, 10:36 AM	#43
Kponti Second Lieutenant 114 Rep 282 Posts Drives: 2023 M8C comp Join Date: Sep 2020 Location: Houston iTrader: (0)	With the history of BMW v8s, I'm not surprised there are a lot on here who believe M cars are not worth it past 3 years/30k miles. Kinda sucks cos I loved my 2018 for as long as I had it. Interior build quality felt better to me than my current MB (which cost me waaaay more monthly than the M5). If I were to go by the comments on this thread, I wouldn't touch another BMW especially having had AMGs past 100k miles several times over in the past (leasing kinda sucks on those cars)
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