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2010 2011 BMW 5 Series Forum F10 Question on 550i 2012 Lease |
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09-05-2012, 12:42 PM | #1 |
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Question on 550i 2012 Lease
I am looking at picking up a new 2012 550i. It's a pretty big transition for me since I will be giving up my 09' M3. I love my M3 but with two kids now, it's just not practical anymore. Details of my deal are below, I would love some feedback!
2012 550i (build date of 4/12) Dark Graphite II, Dakota Black, Anthracite Trim Convenience Cold Weather Driver Assistance M Sport Premium Sound Sport Shift w/Paddles BMW Apps MSRP: $75,045 Selling Price: $65,200 Trade-In on 09' M3: $45,000 I feel like they are giving me a very fair price on my M3. It's one of the big deciding factors for me to do this deal. They pay it off and cut me a check for the remainder since I am leasing. MF is .00145 and Residual is 54% on 10k. (only put 19k on my M3 in 3 years) I have not gotten an exact monthly quote yet but my hope was to be right around $800. My other option is to order a new 2013 but I am not sure I can get what I want in the same price range. I hear the residuals are higher on the 2013's though so that might make a difference? The 550i on their lot is close to what I want but not exactly. If I placed an order I would not get driver assistance and I would much prefer to have Nappa leather and the rear shades for the kids. (not to mention the new iDrive) Thoughts? |
09-06-2012, 04:18 PM | #2 |
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Confused, you are leasing the M3 but they are going to buy it out and cut you a check. Not following. According to my calculator you should be paying 975 before taxes with nothing down with that low residual. You must me making ~ 12k for the M3 trade in/deal or what ever is going on there. If you are putting down 12k i recommend you try reducing the money factor even more with 7 security deposits and no money down. Pay the taxes up front. The depreciation on the residual is like 830 a month alone. This seems like a strange deal.
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09-06-2012, 07:34 PM | #3 |
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Trading in the M3 for 45k, they pay off my remaining 18k on it and cut me a check for whats left minus my drive off on the new lease. Drive off on the new lease is just the MSD's, DMV and Docs. Leaves around 20k that I get back as a check from the trade in.
Does that make sense? |
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09-06-2012, 09:48 PM | #4 |
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10k off from 2012 550i seemed like a decent deal. However, your 18k residual on leased '09 M3 doesn't really makes sense but why do you care. If you get back 20k out of this deal, you should take it.
Good luck on the deal! |
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09-11-2012, 09:08 PM | #5 | |
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So after my calculations you should be paying 708 month not including taxes and fees. Normally you'd just pay that upfront. I don't know what tax is where u live but just multiply it by 21,648.24 which would be your depreciating amount. As for fees should be 725 acquisition 320 (or so) DMV, tags 75 documentation If u want to get the good deal you need to be firm with what you know. Dealers will weasel you into their trap by showing you an attractive price yet screw you with their made up fees and other crap you don't know.
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