Anyone with 650 Lease Details?

[credit777]

I was notified yesterday that my 650 convert. has been built - and is waiting to be shipped. (it will be a looooong five weeks!) :p

I've bought two BMW's from this dealership in the past - but have not worked out the pricing on this car yet. Can anyone share their 650 lease details (MF, resid, down). I'm thinking a $50K resid on $83K list isn't unrealistic. Any comments would be greatly appreciated.

[sicks]

My 650i is being built Oct. 3. My lease deal from BMW is as follows:

36 mo
12K year
Money factor .00315
residual 60%
$78,400-$1,000 =77,400 (discount)
payment $1,360 mo.

The money factor is the highest BMW offers. My guy said that it will not come down and he will try to shop it at some banks when we near delivery. The purchase rate he offered is 6.75%. I find ALL of these numbers high.

This info may not help you but this might:

Go to leasecompare.com and enter in your car. The lease rates are $300 lower!! I'm going to give this a serious look in the coming weeks.

Hope this helps.

[GeneArch]

I'm in the same situation. I wasn't thinking about leasing but maybe. I know I'm getting the car, (being built right now) just need to determine what is the best method of paying for it...

1. Cash?
The upside is no payment, the downside is that is tying up $80K+, which doesn't make sense at all..

2. 1/2 Cash, 1/2 Finance? Not a bad option if I can get the right APR. Payment would be in the mid $500's..

3. Lease @ 1,350 per mo, 36 mo (48,600) and another $48K residual...What's a 3yr old 650 worth?

Suggestions?

[Tio]

Write off the interest, pay back interest plus +/-50% of principle over two-to-three years and sell it to pay back the principle of loan. Rates are low and you should be able to get it at no cost. Just another option.

[credit777]

My 650i is being built Oct. 3. My lease deal from BMW is as follows:

36 mo
12K year
Money factor .00315
residual 60%
$78,400-$1,000 =77,400 (discount)
payment $1,360 mo.

Go to leasecompare.com and enter in your car. The lease rates are $300 lower!! I'm going to give this a serious look in the coming weeks.

Thanks for the post. I also checked out leasecompare - but I've never used them. I think they buy the car from the dealer and then you do the lease with them. If I can get a better rate from them I'll try it. I'm going to start another thread to see if others have used them.

[credit777]

I'm in the same situation. I wasn't thinking about leasing but maybe. I know I'm getting the car, (being built right now) just need to determine what is the best method of paying for it...

1. Cash?
The upside is no payment, the downside is that is tying up $80K+, which doesn't make sense at all..

2. 1/2 Cash, 1/2 Finance? Not a bad option if I can get the right APR. Payment would be in the mid $500's..

3. Lease @ 1,350 per mo, 36 mo (48,600) and another $48K residual...What's a 3yr old 650 worth?

Suggestions?

I think we'd all admit that our new 650's are about as impractical a car as you can get. We'll drive them 12K per year (or less) - so why buy one? It doesn't make sense IMO because we'll want the latest available impractical car in 36 months. Just thinking about the loss I'd take on the sales tax buying and selling a car like this in 36 months gives me the willies. :eeps:

For the 650 - I think the lease (kind of like a rental) is the best way to go. You pay for what you use - no more.