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Old 03-24-2020, 08:31 AM
chrischeung chrischeung is offline
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BMW M4 CS lease - 7500 miles per year?

I was wondering if BMW is offering 7.5K miles per year on leases for the 2020 M4 CS. I have seen yes on some forums, and no from others. Minimum 10K.
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Old 03-24-2020, 09:54 AM
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I've only seen 7.5k leases on 7 series. Really wish they would offer it on other models.
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Old 03-24-2020, 10:33 AM
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Quote:
Originally Posted by chrischeung View Post
I was wondering if BMW is offering 7.5K miles per year on leases for the 2020 M4 CS. I have seen yes on some forums, and no from others. Minimum 10K.
I have never seen a bulletin anywhere suggesting that M4 of any variety is eligible for 7,500 mi/year lease option. 7 Series, yes.
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Old 03-24-2020, 10:40 AM
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The last time I looked on the BMWUSA.com lease payment calculator, BMW FS's also eliminated the 24 and 48 month leases. The choices now are 30, 36, and 42 months, with 36 months still being the sweep spot.
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Old 03-24-2020, 07:06 PM
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When I was looking to lease the Mrs an X2 last year, a west coast dealer said 10k miles/year was the lowest possible while my local Florida dealer had an X2 loaner that I ended up leasing for 36 months at 7.5k miles/year through BMWFS.
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Old 03-25-2020, 07:17 AM
Alpine300ZHP Alpine300ZHP is offline
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Quote:
Originally Posted by chrischeung View Post
I was wondering if BMW is offering 7.5K miles per year on leases for the 2020 M4 CS. I have seen yes on some forums, and no from others. Minimum 10K.


Yes they are. Just confirmed with my GM buddy at my favorite BMW store.


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Old 03-25-2020, 07:17 AM
Alpine300ZHP Alpine300ZHP is offline
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Originally Posted by Jon Shafer View Post
I have never seen a bulletin anywhere suggesting that M4 of any variety is eligible for 7,500 mi/year lease option. 7 Series, yes.


Hmm. I was told differently. Could it be regional?


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Old 03-25-2020, 11:12 AM
chrischeung chrischeung is offline
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I think they can do them in FL. Snowbird population I guess.
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Old 03-26-2020, 02:23 PM
Alpine300ZHP Alpine300ZHP is offline
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Originally Posted by chrischeung View Post
I think they can do them in FL. Snowbird population I guess.


Maybe so. I just got a CS quote from my friend for 799 a month including tax for 7500 miles a year. MSRP is 107k.


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Old 03-26-2020, 03:51 PM
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7,500 mile per year lease on 4 Series?!?!

Frankly, I'd be shocked if they left Western Region out of a program considering we are #1 sales penetration (strongest market).



No mention of 3 or 4 Series... Or 5 Series either...






.
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Old 03-27-2020, 07:35 AM
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afshawnt afshawnt is offline
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As several have stated, here in South Florida 7.5k leases are available on all cars. In fact, it is what BMW uses to advertises the low monthly payments. I work with a local dealer eager to offload a few M4 CS. PM me if you are interested.
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Old 03-27-2020, 09:35 AM
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Quote:
Originally Posted by afshawnt View Post
As several have stated, here in South Florida 7.5k leases are available on all cars. In fact, it is what BMW uses to advertises the low monthly payments. I work with a local dealer eager to offload a few M4 CS. PM me if you are interested.
I would love to see some ads disclosing this (so I can show my rep).

Please post them up (not that many folks lease and drive only 7.5k)..

Thanks!
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Old 03-27-2020, 09:46 PM
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afshawnt afshawnt is offline
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Quote:
Originally Posted by Jon Shafer View Post
I would love to see some ads disclosing this (so I can show my rep).

Please post them up (not that many folks lease and drive only 7.5k)..

Thanks!
If you go to BMWUSA.com and under finance and offers use 34990, almost every lease shown is for 36 months and 22,500 miles. I'm surrounded by snowbirds down here

I think my neighbor has put 1k miles on his Cayenne in about 2 years and another neighbor puts maybe 3k per year on their X5.
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Old 03-27-2020, 11:35 PM
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Quote:
Originally Posted by afshawnt View Post
If you go to BMWUSA.com and under finance and offers use 34990, almost every lease shown is for 36 months and 22,500 miles. I'm surrounded by snowbirds down here

I think my neighbor has put 1k miles on his Cayenne in about 2 years and another neighbor puts maybe 3k per year on their X5.
I tried it with that zip and at first all I got was 30k mi for 3 year lease. I eventually landed on a page that had 22,5k mi. All I can say is wow.
With all of this novelty going down, we've got a novel way to trick-f**K consumers with misleading lease ads.

:sigh:
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Old 03-28-2020, 01:42 AM
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afshawnt afshawnt is offline
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Quote:
Originally Posted by Jon Shafer View Post
I tried it with that zip and at first all I got was 30k mi for 3 year lease. I eventually landed on a page that had 22,5k mi. All I can say is wow.
With all of this novelty going down, we've got a novel way to trick-f**K consumers with misleading lease ads.

:sigh:

Interesting how their website works. It must still pull location data. I found the same car for my zip
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Old 03-28-2020, 01:55 PM
Alpine300ZHP Alpine300ZHP is offline
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Originally Posted by afshawnt View Post
If you go to BMWUSA.com and under finance and offers use 34990, almost every lease shown is for 36 months and 22,500 miles. I'm surrounded by snowbirds down here



I think my neighbor has put 1k miles on his Cayenne in about 2 years and another neighbor puts maybe 3k per year on their X5.


Yep. Yep. Yep.


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Old 03-28-2020, 07:15 PM
chrischeung chrischeung is offline
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Got mine. Had to do 10K, but c'est la vie.
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Old 03-30-2020, 08:41 PM
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Got mine. Had to do 10K, but c'est la vie.
Congrats. I think you would feel confined or restricted if limited to just 7,500 anyway..

That the whole point of this thread really, add a measley 1% to RV and drop all the way from from 10k to just 7,500?

Why would anyone do that unless truly the car is a weekend car only (not a scheme to get the absolute lowest payment possible to advertise).

The 7,500mi/year lease was first conceived by Porsche Credit and for the 911 ~ a true "Sunday car" for many Porsche owners, not for BMW buyers...
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Old 03-31-2020, 09:29 AM
Alpine300ZHP Alpine300ZHP is offline
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BMW M4 CS lease - 7500 miles per year?

Quote:
Originally Posted by Jon Shafer View Post
Congrats. I think you would feel confined or restricted if limited to just 7,500 anyway..

That the whole point of this thread really, add a measley 1% to RV and drop all the way from from 10k to just 7,500?

Why would anyone do that unless truly the car is a weekend car only (not a scheme to get the absolute lowest payment possible to advertise).

The 7,500mi/year lease was first conceived by Porsche Credit and for the 911 ~ a true "Sunday car" for many Porsche owners, not for BMW buyers...


Jon. For 99% of the population, a 7500 mile a year lease makes no sense. If one is doing that for payment purposes then obviously they cannot afford the car because, as you noted, the payment difference is marginal. Probably 30 bucks or less on most cars (the m4 CS quote I got for a friend with 10k miles a year was literally only 27 bucks a month with tax more than the 7500 mile a year lease). The real reason BMWFS offers it in Florida is because this place is overrun with snowbirds who use their cars 4-6 months a year. I live in a stereotypical snowbird community and, in the summer, I’m the only occupied house for 8 houses in a row. I mean literally only 30% of the community is occupied after May 1st. Likewise, many of my neighbors have leased cars or I assume they are leased because they get new ones every 2-3 years hence the popularity of the 7500 mile a year lease down here. I think BMW acquiesced to the complaints of snowbirds who said “I don’t need 10k a year, can’t you write me a lower mileage lease so I’m not paying for more than I use?”


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Old 03-31-2020, 09:58 AM
Autoputzer Autoputzer is offline
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Before our marriage, the future Frau Putzer drove about 7k mile/year. She lived in a city of 300k people, 2.5 miles from work. Most of the places she went were within work and home. She hates riding in a car. So, she never took road trips. After marriage and her move to Floriduh, we rented a house until she figured out where she'd be working. Her commute was 83 miles/day, and went down to 54 miles/day after we bought a house.

A friend of mine was a serial lessee. and he only puts 4k miles/year on a car. He lives about one mile from work, and his weekend "car" was made in Milwaukee, has two wheels and two air-cooled cylinders.

The extra miles in a BMW FS lease are the cheapest miles you'll drive, $0.25/mile. $0.25/mile is way down there in twelve year old Chevy Cobalt territory.
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Old 03-31-2020, 10:44 AM
1968BMW2800 1968BMW2800 is offline
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Originally Posted by Jon Shafer View Post
Congrats. I think you would feel confined or restricted if limited to just 7,500 anyway..

That the whole point of this thread really, add a measley 1% to RV and drop all the way from from 10k to just 7,500?
So, I did the math, coming off a 10k/year lease and turning in the car with just about 20k on the clock after 3 years.

I concluded that the $18/month savings for dropping down to 7.5K/year would work in my situation, figuring that if I did go over miles on the 7.5K/year, I had about $650 in monthly lease payment savings banked to offset any mileage overage @ .25/mile.

Plus, that $18/month savings reduced the amount of my MSDs so I get the full MSD value for less dollars invested, thus improving the rate of return.

5 months into the new lease, I have 2,200 miles on the car. At this rate, with my 7.5K/year allowance, I'll probably get all the $300 below mileage credit at lease end!

The question I need to ask myself is, now that I'm no longer putting real miles on these cars, why the heck am I leasing?? Shouldn't I just buy a lease return CPO and drive it for a decade? Or buy a brand new car and keep it for a good long time?

New...Car...Smell...Addict.

And, as we all know, addiction is a disease based on denial.
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Old 03-31-2020, 01:43 PM
Alpine300ZHP Alpine300ZHP is offline
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Originally Posted by 1968BMW2800 View Post
So, I did the math, coming off a 10k/year lease and turning in the car with just about 20k on the clock after 3 years.

I concluded that the $18/month savings for dropping down to 7.5K/year would work in my situation, figuring that if I did go over miles on the 7.5K/year, I had about $650 in monthly lease payment savings banked to offset any mileage overage @ .25/mile.

Plus, that $18/month savings reduced the amount of my MSDs so I get the full MSD value for less dollars invested, thus improving the rate of return.

5 months into the new lease, I have 2,200 miles on the car. At this rate, with my 7.5K/year allowance, I'll probably get all the $300 below mileage credit at lease end!

The question I need to ask myself is, now that I'm no longer putting real miles on these cars, why the heck am I leasing?? Shouldn't I just buy a lease return CPO and drive it for a decade? Or buy a brand new car and keep it for a good long time?

New...Car...Smell...Addict.

And, as we all know, addiction is a disease based on denial.
Why are you leasing??? 2200 miles in 5 months??? Geez, I do that in a month.....my 1200 mile M run in service took place 2 weeks after I got the car. All you are doing is paying a bunch of money to give your dealer a great CPO car for the used car lot in 3 years (you even admit that you considered buying it off-lease but the numbers did not work). A guy in your situation should just pay cash for the car and keep it a decade. I understand why auto manufacture companies sell leasing to low mileage drivers....it benefits the auto manufacturer and the captive finance company. Really, leasing makes the most financial sense for people like me who drive 20-30k miles a year. Like autoputzer noted, the mileage cost for a high-mileage driver makes leasing a smart financial move for those people who pile on the miles and choose to drive expensive German cars with expensive repair costs. However, many high-mileage drivers balk at the cost of the miles without really doing the math. Driving a high dollar German import 20-30k miles a year is not a good idea for someone doing a 5 (or heaven forbid 6-7 year) year loan. I will never forget the story a BMW insider told me about this executive who did a 84 month....you read that right....84 month loan on a 750i and he drives 25k miles a year. He comes in to trade it in at the 3.5 year mark because it has close to 100k miles on it and he gets mad when he finds out that he is underwater like 20k. My BMW insider friend was telling me....who in their right mind would do a 84 month loan on a 7 series, drive that kind of miles, and have those repair costs associated with a 100k BMW??? My response was....yeah, who in their right mind would agree to those terms. What that executive should have done is a 36/15 lease and pre-purchase the additional 30k miles and add that to the base payment. But, I assume he did not do that because he did not like the cost of those extra 30k miles, but 7500 bucks for miles is a hell of a lot cheaper than the 20k negative hit he took at trade time.....
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Old 03-31-2020, 02:15 PM
1968BMW2800 1968BMW2800 is offline
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Why are you leasing??? 2200 miles in 5 months??? Geez, I do that in a month......
Yup. I used to do 18K~20K miles per year. Leasing was great, though once I did a CPO from Jaguar that was in warranty for all the miles I laid on that great car. Came out a bit better than a lease, but not much.

Now I've got 2.5 years to figure out how to kick the leasing habit and resolve my new car smell addiction.

Perhaps the high miles on my birthday odometer might influence my thinking next time. The days of lots of long road trips are probably in the rear view mirror now, and I don't do a lick of work so there's no commuting or business travel anymore.

Now, I just wash my cars and, clearly, don't drive them much.

But I'm helping support my friendly dealer every 3 years. And these days, that's important.
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Old 03-31-2020, 02:57 PM
Autoputzer Autoputzer is offline
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Originally Posted by 1968BMW2800 View Post
Yup. I used to do 18K~20K miles per year. Leasing was great, though once I did a CPO from Jaguar that was in warranty for all the miles I laid on that great car. Came out a bit better than a lease, but not much.

Now I've got 2.5 years to figure out how to kick the leasing habit and resolve my new car smell addiction.

Perhaps the high miles on my birthday odometer might influence my thinking next time. The days of lots of long road trips are probably in the rear view mirror now, and I don't do a lick of work so there's no commuting or business travel anymore.

Now, I just wash my cars and, clearly, don't drive them much.

But I'm helping support my friendly dealer every 3 years. And these days, that's important.
The dealer's profit is mostly in the service and parts departments, and used car sales (including lease turn-ins). New car sales is a very competitive environment, and those big showrooms, 200 car inventories, and a dozen salesmen waiting for a customer to walk on the lot all cost money. To a certain extent, new car sales exist just to feed customers to parts and service, and inventory to used cars.

I suspect leasing is essential for brands that have a bad reputation for reliability and maintenance costs (Alfa Romeo, Jaguar, etc.) That takes most of the risk out of driving one.
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Old 03-31-2020, 03:10 PM
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The dealer's profit is mostly in the service and parts departments, and used car sales (including lease turn-ins). New car sales is a very competitive environment, and those big showrooms, 200 car inventories, and a dozen salesmen waiting for a customer to walk on the lot all cost money. To a certain extent, new car sales exist just to feed customers to parts and service, and inventory to used cars.

I suspect leasing is essential for brands that have a bad reputation for reliability and maintenance costs (Alfa Romeo, Jaguar, etc.) That takes most of the risk out of driving one.
So it's like the office printer model, sent them out at cost, make money from toner cartridges. I've seen so many school projects getting printed from our office printer, we should get some sort of school supply tax credit.
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