I've spent the last 5 years in the BMW world and I have heard of them of them renegotiating lease buyouts. But, they don't do it often and they are not going to eat 25k on the car.Yes, helped out 4 guys here. I hope it works out.
I know how much they depreciate. My M5 is a lease with a monthly payment of $960. In 36 months, I will have paid 35k. The residual of my car is 77k. After 3 years, when my lease is up (which will be 6 months into the new M5 btw so the prices of my car will go down even more), I estimate my car to be worth 45-50k. I will negotiate with BMW to let me buy it for whatever the auction price is plus 2k, so say 52k. I will have bought an M5 worth 122k for 87k. The fact that this car depreciates too much is good for me, I use the lease programs to my advantage and I know one or two people in BMWNA who can help out
I dont ever pay attention to people leases online. Im not saying people make them up but I find they tend to leave out details , like down payments,trades, my cousin works there etc... and some just make it up..
) and if they dont, I'll gladly turn in the lease and pick one up from the used market.. Imagine the amount of money they make on a GT350.I got my last M4 several thousand under invoice and the payment was still in the 800s with a decent residual. That was with first payment and fees down. That car was still thousands less than your M5. You don't pay taxes up front on a lease unless it is a state where they tax the entire car even if it is a lease. Which, makes leasing in those states very unattractive. Getting most M cars at invoice isn't that big of a deal except for maybe an M2 or a ZCP M3 as allocations are low.My car is not a base model. Its comp pack and fully loaded with a 120k sticker.
Lets just say that I am very well connected. My lease payment is indeed $960/month with no trade. I did pay the taxes up front. No money down. This is my 6th M lease in 9 years of which 3 were all M5s.
They will renegotiate, I know two GMs who will make it happen (one is the backup
If my car is worth 50k at the time of lease end, I am not paying a penny more than 52k. Why should I?
I am also averaging 19k miles per year. In 3 years, car will be out of warranty. Any average person working at BMW with half a brain can figure out that they have a much less headache/easier route with me buying that car than them taking it in and trying to sell it.
Trust me, its not my first rodeo. I know how to work the system.
Oh and of those 6 M cars, not a single one I paid over invoice. Note the word "invoice" not sticker.
One of those cars was the M3 at the time when it just hit stateside, in fact I was one of first 10 people in the country to take delivery. When everyone was paying sticker plus, I paid invoice.
And even in those cheap deals the dealers made money off of me. They make so much money, there is a reason why they are called "stealerships". So when I see ADMs for a mustang, I am always laughing
64% residual.... MF 0.0080 (full MSDs)..... In my state you can either pay taxes montly or up front. Its whatever 36 months you pay for lease X sales tax (7% here). My car was sticker 122k, sale price was around 14k under due to bunch of "incentives". Invoice on an M5 is exactly 0.9235 of the MSRP.
I give up, but thanks for the offer. I'm very familiar with leasing BMW's and everything you talked about. Besides, I'm done with BMW at least until the next generation M cars come out. I've found a very good/fun car in GT350 even with the dreaded Tech Pack. ;)64% residual.... MF 0.0080 (full MSDs)..... In my state you can either pay taxes montly or up front. Its whatever 36 months you pay for lease X sales tax (7% here). My car was sticker 122k, sale price was around 14k under due to bunch of "incentives". Invoice on an M5 is exactly 0.9235 of the MSRP.
I helped a number of friends with no BMW affiliations to get 2-3k under invoice deals on M5s and they have monthly payments of around 1100-1150. Mine is a tad lower because of additional incentives I got back then plus I did full MSDs.
Its not a rocket science.
GM knows the person to talk to at BMWNA to negotiate my residual. He cannot make magic neither can he do something impossible. All he can do is speed things up. As I said, I want to pay what the car is worth in the market, I dont think thats a "good deal" per se, its just a fair deal.
Anything else?
Let me know if you need help with BMW leases. I helped out 4 friends here to get sticker gt350 deals, happy to help in any way I can with BMW as well
