12-17-2020, 09:11 PM | #1 |
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Residual
So My car hit the port today. I am talking to the dealer to finalize the numbers and low and behold they are different then when we spoke and I ordered the car.
They are saying the residual went from 69% at the beginning of October to 59% now. Can anyone verify that? as that seems excessive to me. I have never been more excited about a car than this one and now the wind is out of my sail.
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12-17-2020, 09:23 PM | #3 | |
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I don't think any BMW let alone an M car has ever seen a 69% residual. That is Jeep Wrangler territory. |
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12-18-2020, 06:51 AM | #5 |
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Absolutely, I've never seen M5 residuals over 60% for a three year lease. I'm on my 6th M5 lease, and the residual has almost always been 59% to 60%. Unfortunately for me on my first F10 (one of the 50 F10 European Delivery "launch party" cars) and my current F90 (my dealer's first F90 allocation) I got cars from the first production batch and had to suck up 50% residuals on both.
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12-18-2020, 09:29 AM | #6 |
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Imagine a 69% residual on a 3 years lease, everyone and their mom would take this offer and BMW would be flooded with lease returns at the end of term along with taking huge auction baths. Residual losses and gains make or break the leasing game.
Now I did have a 61% residual on my 2018 FE for 10k miles. But this was back in August of 2018.
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12-18-2020, 09:56 AM | #7 |
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Thanks for the reply's it's greatly appreciated.
So it just seems like they are trying to jam me. We will have a conversation today.
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12-18-2020, 10:00 AM | #8 | |
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59% is correct December 2020 Program: 2021 MODEL YEAR M5 and M5 Competition (2021MY) 15k miles / 56% residual 12k miles / 58% residual 10k miles / 59% residual 2020 MODEL YEAR M5 and M5 Competition (2020MY) 15k miles / 54% residual 12k miles / 56% residual 10k miles / 57% residual But I heard you can now lease an M5 at 7500 miles so add 1 more to the 2021 residual.
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12-18-2020, 10:34 AM | #9 | |
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The residual as Vic said is set by bmwfs and cannot be manipulated unlike the money factor. Plus it's the same as it was in October and if memory serves all the way back into this past summer. |
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12-18-2020, 03:47 PM | #11 |
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They can get you by inflating the money factor (MF). I believe the base is .00082 for top tier credit history. Anything higher than that is profit to the dealer also.
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12-18-2020, 06:54 PM | #12 | |
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12-18-2020, 10:31 PM | #13 | |
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The GM was looking at the wrong deal! He's looking at a car that is 7k more than mine. I'm dumbfounded by this. I know stuff happens but come on! I'll know tomorrow which way it goes.
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12-19-2020, 11:51 AM | #14 | ||
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12-21-2020, 10:36 AM | #15 |
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This is my 3rd BMW and 5th car from this dealer group and it will be my last but I will have the car on the 30th.
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12-21-2020, 04:51 PM | #16 | |
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12-21-2020, 06:32 PM | #17 |
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NOV was same. 59/10k 58/12k
I absolutely love my F90. Two cars in one.
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02-06-2021, 08:02 PM | #18 | |
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02-08-2021, 05:42 PM | #19 |
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02-09-2021, 06:56 AM | #21 |
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It was a blast! Congrats on the new ride, love MBB.
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