[G maniac]

Can current owners post the amount they are paying

[scas12]

Originally Posted by G maniac

Can current owners post the amount they are paying

What vehicle, where in the world are you?

[leasehackr]

Originally Posted by G maniac

Can current owners post the amount they are paying

For McLaren I paid half a mil

ok what car?

[G maniac]

Originally Posted by G maniac

Can current owners post the amount they are paying

G60
530i or 540i
United States

[leasehackr]

Originally Posted by G maniac

G60
530i or 540i
United States

Lease PM, Finance, cash? Everyone is different, depending on their region, location, taxes, and DMV fees.

The right question should be, how much discount is everyone getting on G60?

Then you factor that discount % into lease cap cost or Finance or cash purchase.

So, going back to the right question, discounts range from 5% to 12% of MSRP. And from there you can calculate your net cost based on correct taxes, DMV, govt fees etc. etc.

Does that make sense?

[G maniac]

Thank you
I need to find the 12 percent dealer

[LVBMW]

Originally Posted by G maniac

Thank you
I need to find the 12 percent dealer

Work with a good broker - many on the leasehackr forum - for the best deal.

[SkykingUSA]

I was going to suggest using the Leasehackr website as well. I can't tell you about my pricing because I have not taken delivery yet, and it may not be relevant to you anyway because each market will be different. Here are a couple of suggestions I have.

1. Go to the BMW USA site and check out the latest offers for the model you want (they are typically updated each month). Look at the fine print, then replicate that payment/terms using the leasehackr calculator on their web site. As long as you put in the right numbers, you can figure out what the MF is and the residual price at the end of the lease. For example, if you look at the March leasing deal on the BMW web site for the i5 eDrive40, you can see I replicated the $699/month payment on leasehackr here at this link: https://leasehackr.com/calculator?ma...sult_mode=true
   
   Keep in mind though that this price does not include taxes, title, license, registration and dealer fees, so you will have to add all those to get the "real" deal price. For the same car, I have done that at this link here, assuming some taxes and fees for California: https://leasehackr.com/calculator?ma...sult_mode=true
   
   As you can see, it boosts the monthly payment to $807 after adding in all the taxed and fees. It also shows you that the MF they are currently using is 0.00190 for this deal and the residual percentage is 53%.
   
   Once you have the above numbers figured out on leasehackr and are comfortable using that tool, you can start making changes to the numbers to cusomize it to the car you want. For example, put in your actual MSRP, and the actual tax rate for your state, the actual down payment you plan to make (if any), etc. Using this tool you should be able to get an understanding of what your dealer is offering you compared to the current offers available on the web site. For example, you can see whether they are using the same MF or marking it up.
   
   
2. I would also recommend posting the quote you get over on the CarEdge.com forum. They have a forum section specifically dedicated to commenting on people's quotes. Of course, the want you to pay them for help with buying the car, but I have found that the forum staff will often look at your deal and give you comments to help you know if you're getting a great/good/bad deal. Make sure to tell them where you are located so they can base their comments on the market you are in (for example, west coast USA and east coast USA are very different markets). Here is a link to that forum: https://community.caredge.com/c/review-my-deal/

I hope this helps and provides a little something you didn't already know. Good luck in your negotiations and try not to get too stressed out.

[G maniac]

Im looking at a 530i msport
Which the msrp is little over 67k
They we're trying to sell me a 530i that had 63kbmsrp had 20 inch wheels and sunshades thats about it
With 5k off
They have one coming in
But haven't given me a price
They are the only dealer withing 60mile radius
I looking to purchase
Unless others on this site can convince me to lease
Im so confused

[Scrapula]

I purchased my car. If you are planning on keeping it long term, purchase it. My purchase price for my i5 was $97k. Then subtract your trade, add taxes, add any extended warranty or dealer options, subtract down payment and finance the rest. My payments are $1,302 a month and I financed about $72k. This is a 60 month loan.

If you need lower payments, then lease but you will have payments forever, either from leasing another vehicle or buying the car. If you buy, then you have a used car interest rate which will be higher than a new car rate. You can also pay to have the vehicle BMW Certified, which could get you a lower rate. But, if you finance for 5 years, you have now been paying for 8 years.

After 5 years, my payments are zero and the car is mine because I purchased. I’m not planning on getting rid of my car so I purchased it,

Only you can make a decision. Test drive the car before you buy it. See if it is a car that you will see yourself driving for a long time.

[leasehackr]

Originally Posted by G maniac

Im looking at a 530i msport
Which the msrp is little over 67k
They we're trying to sell me a 530i that had 63kbmsrp had 20 inch wheels and sunshades thats about it
With 5k off
They have one coming in
But haven't given me a price
They are the only dealer withing 60mile radius
I looking to purchase
Unless others on this site can convince me to lease
Im so confused

9% off MSRP 5K off is pretty good deal. Make sure add all applicable factory rebates and incentives.

[G maniac]

They said they did
The only I waiting for is the trade amount
Car max said 27,500

[scas12]

8% off on the i5 for me, then the lease incentive added another $7500.

[SkykingUSA]

My insurance company offers New Car Replacement coverage (for a fee) for the first year or 15000 miles. In other words, if the car is totaled within that time, they will replace it with a NEW vehicle of same year, make and model at no additional cost to me (minus my deductible). Has anyone ever purchased this type of coverage and had occasion to use it?

I'm curious about how your claim experience worked and if it covers leased vehicles (and not just purchased vehicles). I will of course ask my insurance company as well, but still curious about people's actual experiences with this situation.

For anyone interested, here is a link explaining this coverage.

https://www.connectbyamfam.com/learn...-gap-coverage/

[leasehackr]

Originally Posted by SkykingUSA

My insurance company offers New Car Replacement coverage (for a fee) for the first year or 15000 miles. In other words, if the car is totaled within that time, they will replace it with a NEW vehicle of same year, make and model at no additional cost to me (minus my deductible). Has anyone ever purchased this type of coverage and had occasion to use it?

I'm curious about how your claim experience worked and if it covers leased vehicles (and not just purchased vehicles). I will of course ask my insurance company as well, but still curious about people's actual experiences with this situation.

For anyone interested, here is a link explaining this coverage.

https://www.connectbyamfam.com/learn...-gap-coverage/

I believe GAP is covered for BMWFS leases or Finance.

Post in the X5 forum. Someone can tell/.

[Roki_014]

msrp was $89,250
$3500 down , $920 a month 10k miles per year ,
its my second car from PA Dealership through a broker, I'm in Chicago

[Windshieldfarmer]

Originally Posted by Scrapula

I purchased my car. If you are planning on keeping it long term, purchase it. My purchase price for my i5 was $97k. Then subtract your trade, add taxes, add any extended warranty or dealer options, subtract down payment and finance the rest. My payments are $1,302 a month and I financed about $72k. This is a 60 month loan.

If you need lower payments, then lease but you will have payments forever, either from leasing another vehicle or buying the car. If you buy, then you have a used car interest rate which will be higher than a new car rate. You can also pay to have the vehicle BMW Certified, which could get you a lower rate. But, if you finance for 5 years, you have now been paying for 8 years.

After 5 years, my payments are zero and the car is mine because I purchased. I’m not planning on getting rid of my car so I purchased it,

Only you can make a decision. Test drive the car before you buy it. See if it is a car that you will see yourself driving for a long time.

With a purchase you give up the 7,500 lease incentive. Seems like you would be far better off to lease for three years and buyout at the end of the lease term. You could invest your purchase money in a 5% CD…or better investment while awaiting the buyout. Also, if your car is wrecked during the lease term and you decide to dump it after repairs you wouldn’t be stuck with diminished value…the risk is on BMW the first three years.

[Scrapula]

Originally Posted by Windshieldfarmer

With a purchase you give up the 7,500 lease incentive. Seems like you would be far better off to lease for three years and buyout at the end of the lease term. You could invest your purchase money in a 5% CD…or better investment while awaiting the buyout. Also, if your car is wrecked during the lease term and you decide to dump it after repairs you wouldn’t be stuck with diminished value…the risk is on BMW the first three years.

I thought about it, but I am 67 and retiring in 3 years. Social security will be less than half of my current salary, plus I have free medical now and have to pay for Medicare. Will I even qualify for a $100k vehicle? My husband was laid off in November and still hasn’t found work and might not. That reduced our income by $200k. We can survive on my income, but there were just too many unknowns. If I bought it out after the lease, I would have a higher interest rate and another 5 years of payments with no job income. I can retire with a vehicle I own outright.

[Windshieldfarmer]

Originally Posted by Scrapula

I thought about it, but I am 67 and retiring in 3 years. Social security will be less than half of my current salary, plus I have free medical now and have to pay for Medicare. Will I even qualify for a $100k vehicle? My husband was laid off in November and still hasn’t found work and might not. That reduced our income by $200k. We can survive on my income, but there were just too many unknowns. If I bought it out after the lease, I would have a higher interest rate and another 5 years of payments with no job income. I can retire with a vehicle I own outright.

I appreciate your response and the decisions you made for reasons that were important to you. I just retired last summer and but have some invested resources that were helpful…I had no problem qualifying for a lease. Everybody has different circumstances however.

I’m conservative financially so I don’t acquire a new car unless I have enough $$ to buy with cash. I leased only because is was a far better decision for me financially.

[KingSlayerNYC]

Is $1,060 per month for $76k MSRP good? 540 fully loaded except seat package and driving assistance

10k miles/3years

I live in East Coast USA

[SkykingUSA]

Originally Posted by KingSlayerNYC

Is $1,060 per month for $76k MSRP good? 540 fully loaded except seat package and driving assistance

10k miles/3years

I live in East Coast USA

Post your deal on the CarEdge.com site that I have linked in an earlier post. They are very responsive. Every time I've done it, I got a reply within hours from someone who works there. They will probably give you a meaningful reply specific to your deal.

[KingSlayerNYC]

Originally Posted by SkykingUSA

Post your deal on the CarEdge.com site that I have linked in an earlier post. They are very responsive. Every time I've done it, I got a reply within hours from someone who works there. They will probably give you a meaningful reply specific to your deal.

Will do, thank you