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      03-07-2014, 12:35 PM   #45
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Originally Posted by doug_999 View Post
Congrats! Post pics pls!
car had to be pulled from inventory in another state oregon or washington. Gotta get trucked down! Will have pics and smiles by next week!
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      03-07-2014, 12:50 PM   #46
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LSM,

You are very wrong on the whole residuals argument. Residuals of the cars are always higher as the production cycles end. M5's residual when it was first released was 51%. It went up to 58% last year and until last month and now this month its 61%. This is because people are tempted to wait for the new MY and BMW cannot sell cars, so they make these residuals high and get people into attractive leases. In contrast, when new MY comes out, they lower the residuals because people who want the latest and greatest always pay the price. This has been the case in every M car release including the old M3. In 2008, the residuals were hovering around 53%, by 2011, they were up to 61%. As E90 M3 was ending the production cycle, they went up to 64%.

Look at the M5's residual now, there is no way it's going to stay at 61% for more than a month, it will go down to 50s in summer when new MY comes out.

If what you are saying were true, everyone would wait for the new MY.
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      03-07-2014, 02:01 PM   #47
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Quote:
Originally Posted by PvsNP View Post
LSM,

You are very wrong on the whole residuals argument. Residuals of the cars are always higher as the production cycles end. M5's residual when it was first released was 51%. It went up to 58% last year and until last month and now this month its 61%. This is because people are tempted to wait for the new MY and BMW cannot sell cars, so they make these residuals high and get people into attractive leases. In contrast, when new MY comes out, they lower the residuals because people who want the latest and greatest always pay the price. This has been the case in every M car release including the old M3. In 2008, the residuals were hovering around 53%, by 2011, they were up to 61%. As E90 M3 was ending the production cycle, they went up to 64%.

Look at the M5's residual now, there is no way it's going to stay at 61% for more than a month, it will go down to 50s in summer when new MY comes out.

If what you are saying were true, everyone would wait for the new MY.
Since we aren't talking about the M5, but 6 series we wont really know the case until the new model residuals come out. But there is alot more to a lease than residual. IIRC the 650 residual went down a couple percent this month from last month, but has $7500 in rebate. There are more ways to make a deal than just residual.
M models can often be different, BMW will sometimes bump the residual to give no rebate on a M model but still be a better deal than whats coming
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      03-07-2014, 02:21 PM   #48
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Leased a 2008 M3 for 3 years at 15k miles/yr. Residual was 62%. Mostly there is no rhyme or reason to these things. The banks and lease companies do whatever they want to do.
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      03-07-2014, 03:09 PM   #49
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Quote:
Originally Posted by zoltans4 View Post
Since we aren't talking about the M5, but 6 series we wont really know the case until the new model residuals come out. But there is alot more to a lease than residual. IIRC the 650 residual went down a couple percent this month from last month, but has $7500 in rebate. There are more ways to make a deal than just residual.
M models can often be different, BMW will sometimes bump the residual to give no rebate on a M model but still be a better deal than whats coming
Let me put it this way then, the lease deals around the end of a production cycle will always be better than the new model year. It has always been the case and it will always be the case. It makes no sense for BMW to improve their lease program for a new model year. Noone would buy any car in the spring and everyone would wait for summer.
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      03-07-2014, 06:21 PM   #50
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Originally Posted by PvsNP View Post
Let me put it this way then, the lease deals around the end of a production cycle will always be better than the new model year. It has always been the case and it will always be the case. It makes no sense for BMW to improve their lease program for a new model year. Noone would buy any car in the spring and everyone would wait for summer.
After looking through this thread again, I don't really see one post that says anything differently
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      03-07-2014, 06:58 PM   #51
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How about mine. Early product cycle E92 with high residual.

I just checked and my 2012 650i residual is set at 63%.

So here are two specific personal examples of high residuals on new models.

Last edited by Bönz; 03-08-2014 at 05:29 AM.. Reason: added 650 lease
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      03-08-2014, 12:17 AM   #52
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After looking through this thread again, I don't really see one post that says anything differently
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      03-08-2014, 08:09 AM   #53
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Page 1
No, that is about residual values on 6 series through that projection year. No one said anything about the end of projection year not having the best lease deals, other than holiday time, end of projection is always the best deal to the new one.
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      03-08-2014, 08:56 AM   #54
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Originally Posted by zoltans4 View Post
No, that is about residual values on 6 series through that projection year. No one said anything about the end of projection year not having the best lease deals, other than holiday time, end of projection is always the best deal to the new one.
See LSMs post #3, #8, #14 and djsaad1's post #10, and your post #15.

This is regarding the residuals - which are one of the key factors in a "lease deal".

In the end, I personally hope LSM is right since it will lower my payments on a 2015 GC - unless BMW throws $7,500 at it next month (which based on supply in the US, they SHOULD). I also think this is more of a fun conversation (since none of us really know what BMW will do)
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      03-08-2014, 09:20 AM   #55
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I got offered $85k for a 2014 650gc with m sport, exec and lighting but no 20's. Thinking about pulling the trigger, best deal I've gotten so far.

Does exec pkg include driver assist?

Rippey
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      03-08-2014, 09:24 AM   #56
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Originally Posted by Mrrippey View Post
I got offered $85k for a 2014 650gc with exec and lighting but no 20's. Thinking about pulling the trigger, best deal I've gotten so far.

Does exec pkg include driver assist?

Rippey
Yes, but not the ACC Stop and go. You really don't want the 20s in New Jersey. I drove one recently here in Chicago and after the winter we just had, not only was the ride horrible on bad roads, I don't see the 20s lasting too long without damage. What was the MSRP on the car you are looking at?

PS - also drove a 2013 with adaptive drive and 19s - wow.... very VERY nice ride.
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      03-08-2014, 09:34 AM   #57
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Originally Posted by zoltans4 View Post
pulled the trigger today, getting car below invoice plus 7500 was too good.

black saphire/black nappa m editio with the 20"s
Congrats! That's the exact combo I'm looking for. Do you mind sharing total price/options?
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      03-08-2014, 10:01 AM   #58
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Quote:
Originally Posted by doug_999 View Post
Yes, but not the ACC Stop and go. You really don't want the 20s in New Jersey. I drove one recently here in Chicago and after the winter we just had, not only was the ride horrible on bad roads, I don't see the 20s lasting too long without damage. What was the MSRP on the car you are looking at?

PS - also drove a 2013 with adaptive drive and 19s - wow.... very VERY nice ride.
MSRP is $106k

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      03-08-2014, 10:53 AM   #59
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MSRP is $106k

Rippey
ohhh, does that have one of the white interiors?
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      03-08-2014, 11:15 AM   #60
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Nah, this one is white/black. There are two others I like used but 10k cheaper (used however).

The white/white one I've seen is used for 91k (2013) but I have not bid on it.

There is also a blk/white/orange (used, individual pkg) 2013 for 90k. I offered 81k and they said no so I bounced.

I'll pick one of these by end of next week.

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      03-08-2014, 12:35 PM   #61
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Quote:
Originally Posted by PvsNP View Post
LSM,

You are very wrong on the whole residuals argument. Residuals of the cars are always higher as the production cycles end. M5's residual when it was first released was 51%. It went up to 58% last year and until last month and now this month its 61%. This is because people are tempted to wait for the new MY and BMW cannot sell cars, so they make these residuals high and get people into attractive leases. In contrast, when new MY comes out, they lower the residuals because people who want the latest and greatest always pay the price. This has been the case in every M car release including the old M3. In 2008, the residuals were hovering around 53%, by 2011, they were up to 61%. As E90 M3 was ending the production cycle, they went up to 64%.

Look at the M5's residual now, there is no way it's going to stay at 61% for more than a month, it will go down to 50s in summer when new MY comes out.

If what you are saying were true, everyone would wait for the new MY.

people have different experience and I think the whole scenario is about how BMW play the game to have better benefit! My experience is totally different and I kinda agree with LSM. I got my first 2012 650i coupe in September 2011 and it was one of the first new generation arrived in US since the production for US started in September 2011. The residual was 60% however I got a crazy 0.00185 MF!!! then in April 2013 I got the second 650i that was almost the year end of 2013 because the 2014 model were on the way. the residual was 56% with nice 0.00100 MF. In September 2013 I got my M6. the residual was 53% and MF was 0.00090. bottom the line I do agree the residual must be highest at the beginning and lowest at the end. I also agree they increased the residual of E9x at the end of generation life to fill the gap since there is about one year gap between the time they stopped production of E9x and starting the production of F8x. a friend of mine got 2013 E92 with 60% residual for 12k/year
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      03-08-2014, 12:50 PM   #62
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Quote:
Originally Posted by doug_999 View Post
There are two important things you need to know with leasing (ok, there are like 14, but here are the basics)

1. The car will have a residual (that's the percentage of the MSRP that the car will be worth at the end of the lease). So in the comment above, the car will be worth 55% of the MSRP at the end of the lease.
2. There will be a Money Factor (MF). This is the interest rate the dealer is charging you. It is a weird number (like .00130) and the key is to multiply it by 2400 to get your actual interest rate.

Now random crap...
Many options are worthless at trade if you buy a car. That B&O stereo you just dropped $3,700 on? Basically goes to $0 at trade in-time. That cool Tanzanite Blue color you paid $1,950 for? Yours - all yours, cause it does not add to the value.
Except when you lease. In these cases you will get at least x% back on your purchase (you still have to pay finance charges - but that is still better). So if you like to load up your cars, always consider leasing - unless you keep them forever.

For the most part leasing works like this
1. PurchasePrice-Residual. This is the amount you are financing and paying off over X number of years. Sales taxes can play a big part here depending on where you live.
2. Residual - This is the amount you are borrowing with no intention of paying back. So you pay interest on this amount over the period of the lease.

Add #1 and #2 and you have your lease payment. Or just search for a lease calculator.

There are other fees you will be hit with - like a lease acquisition fee (the fee the leasing company charges to initiate the lease (about $925 for a BMW), a lease disposition fee ($350 I think is the going rate) - which is the fee to get rid of your car at the end of the lease.

PS - you got a Gran Coupe to $120K? That's impressive

Edit - the dealer can't play with the residual but they can increase the money factor. That's how they get ya



you are completely right about the trade-in for options. In fact we pay for a large value of options during the lease time while there is no value added at trade-in.
The payment for lease can be also calculated this way:
1. PurchasePrive - Residual
2. monthly rate-fee which is (SalesPrice+Residual)xMF which is the interest fee
The total lease payment is the sum of these two + tax and also other fees that you mentioned
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      03-08-2014, 03:28 PM   #63
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Congrats! That's the exact combo I'm looking for. Do you mind sharing total price/options?
I don't have everything in front of me, here is the car

Model
146B 650i Cp
86,700.00
Color
475 Black Sapphire Metallic
N/C
Upholstery
NASW Black Nappa Leather
N/C



Options
ZDB Driver Assistance Plus
N/C

5AG Active Blind Spot Detection
N/C

5AS Active Driving Assistant
N/C

5DL Side and Top View Cameras
N/C

8TH Speed Limit Info
N/C

ZEC Executive Package
N/C

ZLP Lighting Package
N/C

ZMP M Sport Package
N/C

ZMS M Sport Edition
4,800.00

323 Soft-close automatic doors
N/C

3DZ Without Lines designation
N/C

415 Power rear sunshade
N/C

453 Front ventilated seats
N/C

4U1 Ceramic Controls
N/C

5AC Automatic high beams
N/C

760 Shadowline exterior trim
N/C

840 Increased top speed limiter
N/C

337 M Sport Package
N/C

2NM†20" wheels w/performance tires
1,300.00

710 M steering wheel
N/C

715 Aerodynamic kit
N/C

776 Anthracite Alcantara Headliner
N/C

7MH M Sport edition
N/C

552 Adaptive Full LED Lights
N/C

610 Head-up Display
N/C

6WB Dynamic Digital Cluster
N/C

4KS Contrast Stitching
N/C

4ND Instrument panel with leather
N/C

Net Total
92,800.00

Destination Charge
925

Total Suggested Price
93,725.00


So the m sport edition basically covers executive, lighting, drivers assist, cold weather (not every option of every package but everything I personally want). The 20s will be a nice option, living in Las Vegas will be no issue there.

Someone else may know what the residual is this month Its like 52 or 53%? I need 12k so i think that lowers the residual 1%
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      03-11-2014, 09:01 AM   #64
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Sounds like a helluvadeal...
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      03-11-2014, 02:47 PM   #65
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Ended up going Alpine White / Black m sport edition, 20"s and B&O, picked it up last night.
Ill throw some picks up when I get some, they will be cell phones for now as its mid week and the weather sucks... lol
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      03-11-2014, 02:51 PM   #66
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Quote:
Originally Posted by doug_999 View Post
Yes, but not the ACC Stop and go. You really don't want the 20s in New Jersey. I drove one recently here in Chicago and after the winter we just had, not only was the ride horrible on bad roads, I don't see the 20s lasting too long without damage. What was the MSRP on the car you are looking at?

PS - also drove a 2013 with adaptive drive and 19s - wow.... very VERY nice ride.
Thats not necessarily true. The executive ONLY includes active driving assistant. The M sport EDITION includes driver assistant plus. We need to figure out exactly how the car is optioned to even get at $110k (which leads me to believe it may be an older 2014 without the Edition and all the packages added together.)
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