PDA

View Full Version : Are these good leasing quotes for 2006 M45?



tmds
02-15-2005, 10:25 PM
I'm looking to lease a 2006 M45 Sport very soon. What sort of pre-tax lease numbers are people seeing? For a basically fully loaded M45 Sport, I've received quotes from about $750 to $780/mo for 36 months with about $2000 total drive-off. I was fairly satisfied with this until I saw a message on the Edmunds M45 thread indicating that a "well equipped" M35 can be leased in the low 500s. Seems like the spread from low-500s for a well equipped M35 to high-700s for a loaded M45 doesn't quite match the difference in MSRP. Of course, there was no confirmation that the guy was telling the truth.

Are the numbers I'm being offered reasonable? How much bargaining room is there really on such a new model?

David00214
02-16-2005, 06:38 AM
I've never leased a vahicle, but I play with the online lease calculators quite a bit. I've noticed that when you put options on a car you often end up having to pay the entire difference during the life of the lease, so the value in leasing may decrease as you add options. Try going to the BMWUSA website and playig with their calculator and you'll probably see what I'm talking about.

BTW I think 750/month with 2k down sounds pretty good. http://forums.freshalloy.com/images/graemlins/wink.gif

dfw_danny
02-16-2005, 08:56 AM
I'm looking to lease a 2006 M45 Sport very soon. What sort of pre-tax lease numbers are people seeing? For a basically fully loaded M45 Sport, I've received quotes from about $750 to $780/mo for 36 months with about $2000 total drive-off. I was fairly satisfied with this until I saw a message on the Edmunds M45 thread indicating that a "well equipped" M35 can be leased in the low 500s. Seems like the spread from low-500s for a well equipped M35 to high-700s for a loaded M45 doesn't quite match the difference in MSRP. Of course, there was no confirmation that the guy was telling the truth.

Are the numbers I'm being offered reasonable? How much bargaining room is there really on such a new model?



The very best lease numbers will come from IFS. Edmunds has lost their mind if they are saying you can lease a M that is "well equipped" in the low 5's.

Don't look for much, if any, discount at introduction time.

D_Nyholm
02-16-2005, 10:58 AM
Yeah, i was playing in my head and figured I might be looking at a 680-700 lease payment on a M45 sport with Navigation. ($52K MSRP) I may be way off, but I haven't really looked into it without any residuals and money factors out yet... http://forums.freshalloy.com/images/graemlins/frown.gif

rayainsw
02-16-2005, 10:59 AM
"The very best lease numbers will come from IFS. Edmunds has lost their mind if they are saying you can lease a M that is "well equipped" in the low 5's."

Has IFS set / published residuals for the M45 Sport - 36 and 42 months - 12 and 15K Miles?
Thanks,
- Ray
Looking (hard) at the M . . .

dfw_danny
02-16-2005, 03:39 PM
"The very best lease numbers will come from IFS. Edmunds has lost their mind if they are saying you can lease a M that is "well equipped" in the low 5's."

Has IFS set / published residuals for the M45 Sport - 36 and 42 months - 12 and 15K Miles?
Thanks,
- Ray
Looking (hard) at the M . . .




Yes we have all of the numbers. VERY aggressive and they are waiving security deposits up to 42 months.

D_Nyholm
02-16-2005, 03:59 PM
Care to share those numbers with the people waiting to see???

Please!!

dfw_danny
02-16-2005, 05:30 PM
Care to share those numbers with the people waiting to see???

Please!!



M35 Sedan (15,000 miles) 36 mo to 42 mo add 1% for 12K and 2% for 10K
24/72%
36/60%
39/59%
42/57%

M35 Sport (15,000 miles) 36 mo to 42 mo add 1% for 12K and 2% for 10K
24/71%
36/60%
39/59%
42/57%

M35 AWD (15,000 miles) 36 mo to 42 mo add 1% for 12K and 2% for 10K
24/71%
36/60%
39/59%
42/57%

M45 Sedan (15,000 miles) 36 mo to 42 mo add 1% for 12K and 2% for 10K
24/71%
36/60%
39/59%
42/57%

M45 Sport (15,000 miles) 36 mo to 42 mo add 1% for 12K and 2% for 10K
24/71%
36/60%
39/59%
42/57%

Rates vary from model to term but nothing is over .00194

I35YD
02-16-2005, 07:27 PM
Care to share those numbers with the people waiting to see???

Please!!



M35 Sedan (15,000 miles) 36 mo to 42 mo add 1% for 12K and 2% for 10K
24/72%
36/60%
39/59%
42/57%

M35 Sport (15,000 miles) 36 mo to 42 mo add 1% for 12K and 2% for 10K
24/71%
36/60%
39/59%
42/57%

M35 AWD (15,000 miles) 36 mo to 42 mo add 1% for 12K and 2% for 10K
24/71%
36/60%
39/59%
42/57%

M45 Sedan (15,000 miles) 36 mo to 42 mo add 1% for 12K and 2% for 10K
24/71%
36/60%
39/59%
42/57%

M45 Sport (15,000 miles) 36 mo to 42 mo add 1% for 12K and 2% for 10K
24/71%
36/60%
39/59%
42/57%

Rates vary from model to term but nothing is over .00194



I don't want to sound dumb, but can someone explain to me how these calculations give the totals that the vehicles are worth?

trebien
02-16-2005, 07:33 PM
No problem - There is no such thing as a dumb question...

Just dumb people.

http://forums.freshalloy.com/images/graemlins/shocked.gif

The first number is the number of months, the second is the residual value. So a 24/71% means that after a 15,000 mile a year lease for 24 months, the car would be worth 71% of it's original value - usually MSRP is used.

dfw_danny
02-16-2005, 09:36 PM
usually MSRP is used



Always MSRP

glgtoy
02-18-2005, 11:50 AM
I am very new to leasing myself. So how do you know if the leasing numbers are correct. For example hare are some figures from my experience.

Car = M4 With everything in it including mobile dvd and Aero package price 57220.
Term 42 Months
Out of pocket nothing - Sign and drive
Miles - 20,000 Miles a year.

I know that the residual is 57%
I know that money factor is .00177
My tax rate is 7.25%

Can anyone point me to a good lease calculator on the net or does anyone know what this monthly figure should be?
http://forums.freshalloy.com/images/graemlins/confused.gif

D_Nyholm
02-18-2005, 12:04 PM
I use this site:

http://www.leaseguide.com/calc.htm

Using what you gave me, I got a payment of 702.18/month (if you pay taxes up front). If you want to roll the taxes in, you are looking at an additiona $50.91/month.

Hope that helps.

glgtoy
02-18-2005, 12:31 PM
Thanks. That price is like way off the prices I am getting at Infinti. I am ranging from $945 to $1075 depending on price. I have already ordered mine but i will continue to research lease prices.

D_Nyholm
02-18-2005, 12:52 PM
WOW!!! Are you sure all the info you gave me was what Infiniti was using? YOur interest rate was very good (around 2.5%), but if it was higher, it wouldn't adjust the payment THAT much!!

EDIT: Just realized you are in NY...what dealer have you gone to? Infiniti of Massapequa is pretty fair. I didn't have much luck with Competition Infiniti though, I personally didn't like them.

Do you have waht they gave you in writing? Maybe there is a markup on the car? I used the MSRP as the selling price. If they inflate the selling price by a decent sum ($10,000) you shoul dbe right around where they quoted you. Are you in Cali where they mark up everything and make no sales?? http://forums.freshalloy.com/images/graemlins/wink.gif

glgtoy
02-18-2005, 12:57 PM
Yes. I have it on paper exactly like I typed them. The final price of the car is 57220. Note: This is a sign and drive not a penny out pocket. Does this make a difference?
I am in NY. Trying to lease it in NJ.

Mike_TX
03-05-2005, 01:26 PM
That looks like an expensive lease ... anything over 39 months and 15,000 miles per year usually gets costly. When you start out with that big MSRP, then add that long term, then add the "excess" mileage, get ready to open your wallet!

glgtoy
03-05-2005, 01:42 PM
Yes I know. It is the price I pay for driving nice cars. http://forums.freshalloy.com/images/graemlins/grin.gif And I do not pay a penny out of pocket not even first months payment. So the payments are pretty high I will post figures on the thread that is asking for some lease figures.

FX4TD
03-09-2005, 09:33 PM
After checking out the toys on the new M, I am very tempted to trade in my '03 Laser Red FX35 Tech with 30K miles.
Any ideas what kind of lease payments I can get on a M35 with Tech (Non-Sport). My FX35 is fully paid for. I am in Metro ATL Georgia. I would be interested on 39 months/ 15K miles per year.

Mike_TX
03-09-2005, 10:15 PM
After checking out the toys on the new M, I am very tempted to trade in my '03 Laser Red FX35 Tech with 30K miles.
Any ideas what kind of lease payments I can get on a M35 with Tech (Non-Sport). My FX35 is fully paid for. I am in Metro ATL Georgia. I would be interested on 39 months/ 15K miles per year.



Works out to $597/mo. plus any taxes, title and license fees.

This is based on Cap Cost of $44,700, Residual of $26,373 (59%) and money factor of .00179.

Any cap cost reduction (downpay) you make reduces the lease payment by ~$30/mo. per $1,000.

(Corrected residual)

FX4TD
03-10-2005, 08:54 AM
"Works out to $597/mo. plus any taxes, title and license fees.

This is based on Cap Cost of $44,700, Residual of $26,373 (59%) and money factor of .00179.

Any cap cost reduction (downpay) you make reduces the lease payment by ~$30/mo. per $1,000.

(Corrected residual)"

Is this correct, since I would be trading in the FX, which I would like to think has a trade-in value of around $28K or so.

Mike_TX
03-10-2005, 09:11 AM
"Works out to $597/mo. plus any taxes, title and license fees.

This is based on Cap Cost of $44,700, Residual of $26,373 (59%) and money factor of .00179.

Any cap cost reduction (downpay) you make reduces the lease payment by ~$30/mo. per $1,000.

(Corrected residual)"

Is this correct, since I would be trading in the FX, which I would like to think has a trade-in value of around $28K or so.




These are just the figures for the lease itself. Most people will tell you NOT to put anything down on a lease, and there are reasons we can cover in a separate thread. So maybe you should sell your FX outright if you plan to lease.

However, if you trade in the FX, you can take the "excess" trade value as cash. I did this exact thing last time I leased. Got a big fat check from the dealer for the trade. And BTW there is a limit on how much cap cost reduction you can apply toward a lease.