Quote:
Originally Posted by .RanT.
So I am in the market for a M5 Comp. I do not really need a 2020, so I am happy looking for a 2019 that is in stock for the best deal.
As the title states, I have never leased a car before, but my controller is telling me leasing is the way to go.
So, what are the important numbers to look at/negotiate when leasing a 2019 M5 Comp.
Thanks in advance for all the advice.
Tom
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Much like buying a car you want to negotiate the biggest discount (versus MSRP)(10% is good, anything above that is very good IMO) possible as your starting point as this will greatly impact what you pay each month.
Also look at the Money Factor, essentially cost to rent / interest and try to get as close to the "Buy Rate" as possible. Residual Values will also impact payment ... this is set by BMW FS and not something that is subject to manipulation (this may vary between outgoing model years and possibly between a Base and Comp M5's).
Also educate yourself on incentives being offered; these are independent from the discount offered against MSRP (Point #1) but will also impact payment significantly and may sway you to a Base M5 versus a Competition M5. My M5 Comp's almost a year old so I've not been following this too closely but there were more incentives on the Base M5 versus the M5 Comp when I leased mine.
Lastly, consider the tax effect ... in Florida you'll pay tax monthly.
Be patient and shop dealers.
Hope this helps.