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F07 Gran Turismo (2010 - Current)
The 5 Series Gran Turismo -- now available in the USA as a 535i, 550i and 550i xDrive model.

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  #1  
Old 07-09-2013, 07:08 AM
FL-GT535i FL-GT535i is offline
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Question Residual value negotiation before signing lease

As I understand it the residual value for a 2013 550i GT at 10K miles per year is 63%.

Has anyone had any success in negotiating a lease where the residual was bumped a point or two to make the lease payment more attractive?
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Old 07-09-2013, 11:59 AM
the J-Man the J-Man is offline
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Residual values are non-negotiable.
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Old 07-09-2013, 04:22 PM
jadnashuanh jadnashuanh is offline
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As you probably know, you always have the option of selling it yourself at the end of the lease if you think it's worth more and pocketing the difference.
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Old 07-09-2013, 06:09 PM
the J-Man the J-Man is offline
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Quote:
Originally Posted by jadnashuanh View Post
As you probably know, you always have the option of selling it yourself at the end of the lease if you think it's worth more and pocketing the difference.
Although you must first buy it from BMW financial with cash and then sell it to a new buyer once you have the title. This may cause double sales tax depending on your state.
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Old 07-10-2013, 03:44 AM
FL-GT535i FL-GT535i is offline
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I don't know if I'd care to purchase it later or go through the trouble of purchasing to resell it. I'd rather just get a better monthly lease payment. I'm working on a deal for a new 2013 that was manufactured in Aug 2012 so I'm hoping to leverage the fact it's been on the lot that long into a great cap cost basis.
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Old 07-11-2013, 08:48 PM
uter's Avatar
uter uter is offline
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As it's been said, the residuals are set by the bank and are non-negotiable.
Your numbers to negotiate are the purchase price of the vehicle and the money factor.
Since you can learn the "buy"rate of the money factor for the F07 here on Bimmerfest, you should use that to your advantage and try to get the best rate.
Simultaneously, you negotiate your purchase price (since you know the MSRP) up from the invoice price.
Lastly, check to see what incentives the dealer is getting for moving the vehicle. If there's trunk money or other incentives, use that to lower the purchase price.
It's probably worth trying to negotiate variables like doc fees, refusing to pay MACO, and seeing if you can reduce the lease acquisition fee (there's typically $200 markup).
If you already finance through BMWFS, they should wave security deposits.
Some people like using multiple security deposits (MSD's) to get a better money factor, but be warned that your money is then tied up for the length of the lease (for instance, if someone assumes your lease, the MSD's go with the vehicle until the lease concludes).

Good luck!
(I recently bought a CPO 2010 550 GT and really enjoy it)
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