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28th August 2008, 19:49
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#1 (permalink)
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Junior Member, warming up (<31 posts)
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Lease rates on leftover 08s
I was planning to get an 09 M3 with DCT but I have heard that lease rates on 08 leftover m5s are really cheap. Is this just due to deals off sticker or is there incentive on money factor/residual also? Ready to buy anyday. Just wanted to see what people have negotiated. Thanks
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28th August 2008, 20:39
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#2 (permalink)
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58% for 36 month 10K/year lease
72% for 24 month 10K/year lease
Money factor is about 4%
Figure about $10K off sticker
Last edited by doug_999; 28th August 2008 at 20:39.
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28th August 2008, 22:36
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#3 (permalink)
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m5board.comoholic (>1000 posts)
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When doug says $10k, he means 7.5%.
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"Motion does not equal progress"...Cos
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28th August 2008, 23:36
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#4 (permalink)
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Oh, you can do much much better than 7.5%. I have a deal lined up for $15k off of MSRP. Yet somehow I just can't pull the trigger. Anyway, between now and end of month is the time to strike if you want an M5.
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29th August 2008, 03:26
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#5 (permalink)
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Quote:
Originally Posted by MWM
Oh, you can do much much better than 7.5%. I have a deal lined up for $15k off of MSRP. Yet somehow I just can't pull the trigger. Anyway, between now and end of month is the time to strike if you want an M5.
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There is always one other deal out there that is better than the next. I was in a hurry and what I meant to write was...
You can do invoice to about $2,500 below invoice however some dealers (there was one up here in the Midwest) that will do anything to get rid of their cars - see the $15K thingy.
Note that existing supply is not what it was a month ago. So you would have to take what you can find (like the yellow one with red interior for $15K under MSRP  )
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29th August 2008, 04:04
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#6 (permalink)
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If you are really interested in getting an '08 you'll want to sign the papers on or before 9/2. The October lease programs just got posted on bimmerfile and they're really ugly. The M5 fared better than most, but did take a 3% residual hit and the Owner Loyalty money factor is gone.
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29th August 2008, 04:14
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#7 (permalink)
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Owner Loyalty MF? Is it better than 0.00210?
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29th August 2008, 05:01
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#8 (permalink)
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couple weeks ago, I got 2500 drive off and 1279/month on a 24 month, 10k miles.
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29th August 2008, 05:36
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#9 (permalink)
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Quote:
Originally Posted by MWM
Owner Loyalty MF? Is it better than 0.00210?
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Currently it's an additional .0004 reduction for current (or within the last 6 months) BMWFS customers. I've heard rumors that right now it also applies to any previous BMW owner, but I'm not sure on that.
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'08 M5 Sedan Silverstone/Black
'07 M6 Coupe Silverstone/Black (gone)
'07 Z4 M Coupe Sapphire Black/Black (gone)
'06 330i Sapphire Black/Black
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29th August 2008, 07:20
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#10 (permalink)
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Quote:
Originally Posted by AMP
Currently it's an additional .0004 reduction for current (or within the last 6 months) BMWFS customers. I've heard rumors that right now it also applies to any previous BMW owner, but I'm not sure on that.
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I think BMW wants you to be a current BMWFS customer within the last 6 months. I know they had to re-do my paperwork since I was not (even though I am a past customer).
Last edited by doug_999; 29th August 2008 at 07:20.
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29th August 2008, 08:10
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#11 (permalink)
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Junior Member, warming up (<31 posts)
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I signed the paperwork on mine today to lock in the lease rates. Managed to talk my local dealer down to $4k below invoice and .25% over the buy rate on the MF. Will be bringing the Sapphire/Sepang 6 Speed home next week.
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29th August 2008, 10:37
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#12 (permalink)
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Yes, confirmed, must be last 6 months. that sucks.
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