06-16-2018, 07:22 AM | #1 |
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how much is your lease payment
i got 2018 540i m-sport, msrp was $67k and i paid $1200 down (tags, 1st payment, fees), and my payment is $817 15k miles a year, personally i think its not that bad , what do you guys think?
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06-16-2018, 03:34 PM | #2 |
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M550: 3yr/10k
$87k MSRP $9000 down $872/month (taxes included) |
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06-17-2018, 08:23 PM | #4 |
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What clutch?
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06-17-2018, 10:20 PM | #5 |
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Wheeew! The payments posted so far included some hefty down payments. I thought that wasn't such a good idea on a lease?
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06-17-2018, 10:50 PM | #6 |
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2018 M550i
Sticker: $91,860 Sale Price: $84,560 $3,000 in incentives MF: 0.00166 61% residual 10k/36 months $3,500 total out of pocket Monthly: $980 tax included |
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06-18-2018, 12:13 PM | #7 |
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I am not going to tell people how to live their lives but if something happens to that car your money gone.
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06-19-2018, 09:32 PM | #8 | |
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Do some research first before making assumptions.... https://www.bmwusa.com/financial-ser...rogram.html#!/ Last edited by forza1976; 06-19-2018 at 09:40 PM.. |
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06-20-2018, 02:50 AM | #9 |
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I think regardless......those who put that much down are paying several hundred more than they should be.
I also pay about $970/month (taxes included) on a M550i....and that's on a 24 month lease. This car should not be more than that on a 36 month lease.
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06-20-2018, 10:19 AM | #10 | |
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Let’s take my 330e lease for example which I put nothing down. Currently the residual is about $35,000. I have around $5,000 remaining to pay. So the total remaining is around $40,000. If I look on Autotrader, 330e’s in similar condition to mine are listed for around $30,000. I’d say it’s safe to assume the insurance company would give me a market value of less than what I own, let’s say for example $25,000. So now there is a gap of $15,000. GAP will kick in and cover it. If I had made a down payment of say $5000, then the GAP would only be $10,000* but I still don’t get any of my down payment back. I just paid the depreciation early. It’s not a down payment, it’s a prepayment. *This is simplified. The down payment would apply across the 36 payments so at this point I’d still owe around $4500 but my payment would have been $139 less over the lease term. |
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06-20-2018, 12:35 PM | #12 |
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Close to a second faster 0-60. The engine has been dyno'ed at 540HP and has significantly more torque, even at the usually conservative manufacturers numbers. The 540 is however more nimble and likely feels as fast, but any seat of the pants feel will verify that a 3.8 second blast for a car this big is impressive (and nearly as fast as the previous M5).
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06-20-2018, 05:19 PM | #13 |
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Just bought a 2018 540i M package. Original MSRP was $73,200. Paid $62,400 with discount, rebate and BMW loyalty program. Plus they forgave the last payment on my previous lease. Put ~$5k down. Payment is $581 which includes 9.25% tax in tax happy California.
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06-20-2018, 11:45 PM | #14 | ||
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06-21-2018, 09:31 PM | #15 | |
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I have a quote for m550i msrp $80,500 price 73,000 out of pocket $2,700 $920/mo should monthly be lower ? Any advice how much percent off msrp to shoot for ? Thanks |
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06-21-2018, 10:37 PM | #16 | |
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Please explain the research you mention... |
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06-22-2018, 02:49 AM | #17 | |
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I've called around also and no dealers been budging on discounting this car but I worked with a great sales guy and dealership in SoCal. PM me for me the details. |
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06-22-2018, 01:31 PM | #18 | |
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06-23-2018, 08:22 PM | #19 | |
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07-11-2018, 08:23 PM | #21 |
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I might get the lowest MSRP M550i here
MSRP: $76595 Sale price: $73000 Rebate: $1500 MSD: 7 Monthly payment: $813.65 + tax
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