[pookiemalibu]

Originally Posted by gatordent2007

Got more details. Both cars 10% off plus 1500 loyalty. 3500 down includes 1st month and drive offs. He did admit they upped the mf. Should be .00093 and he quoted like .00133 and he wasn’t gonna budge on that due to the big discount that he said nobody would touch.

Interesting. Mind PMing me details? Wife's lease is up and we are cross-shopping a few brands.

[RNemesisN63]

Originally Posted by BMWGUYinCO

For what it is worth, I received 9% off my '22 M850 convertible, purchased two weeks ago. I was also forgiven 3 remaining lease payments on my '18 M550 (MSRP was $97K - highly optioned) so I factored that in to my deal as well...

I've been wondering about the remaining lease payment forgiveness as I get closer to end of lease on my G30. Know others have mentioned before their last 3 payments being forgiven. Was yours through BMW Financial or the dealership?

[shellbmb]

Originally Posted by BlessedBimmer

I've been wondering about the remaining lease payment forgiveness as I get closer to end of lease on my G30. Know others have mentioned before their last 3 payments being forgiven. Was yours through BMW Financial or the dealership?

I've talked to two dealers and they didn't promise they could get my last few payments waived. But fortunately, I'm actually in a slight equity situation with my lease. I have 4 payments left and the dealer offered me 3k over my payoff right off the bat to just give it to them on the spot. I'm going to wait; however, and try to trade it in towards my new lease to get the equity plus tax savings at least in Texas.

So like some have said before, get an appraisal for what your car is worth right now. They might just buy it off you and you could end up pocketing some cash. Or try to trade it in as part of the lease to lease deal like I am.

If they just waive the remaining payments, you may be leaving cash on the table.

[unfoundnemo]

Originally Posted by BlessedBimmer

I've been wondering about the remaining lease payment forgiveness as I get closer to end of lease on my G30. Know others have mentioned before their last 3 payments being forgiven. Was yours through BMW Financial or the dealership?

BMWFS suspended the "pull-ahead" program a few years ago. That covered the last 3 payments on most models and up to 6 for certain models. I think anything offered now would be something by the dealership.

When I got my car, I still had 3 payments left on my F80. I had originally planned to keep both cars for the 3 months since I was getting such a good deal on the M8 to take delivery on 12/30, and did all the negotiations without consideration F80. The day before delivery, I asked if they could work something out because insurance on a third car and other things were goin to be a hassle, and the dealer agreed to "cover the remaining payments". I thought they were a bit crazy when they said they could make it work without affecting the numbers, but when it came down to signing, I found out they did so by buying out/ trading the car rather than doing the lease-end turn in.

They held onto the car for a couple months and ended up making about a grand extra profit on that end. With the used car market what it is right now, I'd imagine many dealers would be happy to entertain a trade on a leased vehicle as you may be close to having some positive equity anyway.

[beachBmmr]

This market is pretty terrible for new car buying. Ive talked to 5 dealers in dallas, KS, and nebraska. No one is interested in discussing below MSRP outside of the national promos...No tax credits, no negotiating. Even on Demo cars, getting offered only 1k off msrp.

Used car prices might finally be rolling over, (https://publish.manheim.com/content/...-LineGraph.png)

I hope Q3-Q4 will start to see deals getting made..

[Longboarder]

Originally Posted by beachBmmr

This market is pretty terrible for new car buying. Ive talked to 5 dealers in dallas, KS, and nebraska. No one is interested in discussing below MSRP outside of the national promos...No tax credits, no negotiating. Even on Demo cars, getting offered only 1k off msrp.

Used car prices might finally be rolling over, (https://publish.manheim.com/content/...-LineGraph.png)

I hope Q3-Q4 will start to see deals getting made..

Interesting.

What are people seeing on cap cost reductions on M8 leases now?

I just got a "vacation" home in another country but I will be spending a lot of time here and my M8 back in SoCal is not needed any longer.

I suppose swap a lease is an option since most new leases are underwater for most of the lease term but not sure about that now. Any data on selling these to places like Carmax? I presume bmw dealers are low balling like always.

[beachBmmr]

Originally Posted by Longboarder

Interesting.

What are people seeing on cap cost reductions on M8 leases now?

I just got a "vacation" home in another country but I will be spending a lot of time here and my M8 back in SoCal is not needed any longer.

I suppose swap a lease is an option since most new leases are underwater for most of the lease term but not sure about that now. Any data on selling these to places like Carmax? I presume bmw dealers are low balling like always.

Ive done 2 swap a leases...If you want out, its easy, and if your payments are below 2k, you have a good deal. There are only 4 M8's now listed on swapalease in all of US, and one is 1200/mo with 9k upfront, presumably to cover the lessees Cap reduction to get to 1200

[Longboarder]

Originally Posted by beachBmmr

Ive done 2 swap a leases...If you want out, its easy, and if your payments are below 2k, you have a good deal. There are only 4 M8's now listed on swapalease in all of US, and one is 1200/mo with 9k upfront, presumably to cover the lessees Cap reduction to get to 1200

Yeah my payment is pretty low with 30k off cap cost (leased in November 2020 when deals were good) and I put it on swap a lease in early June and got 5 inquiries within three days but pulled the listing since I decided I was going to leave the country. I guess I could put the listing back on but to avoid the hassle, just sell to Carmax or BMW dealer. Just curious if anyone has tried a trade in recently.

[limeypride]

Originally Posted by Longboarder

Yeah my payment is pretty low with 30k off cap cost (leased in November 2020 when deals were good) and I put it on swap a lease in early June and got 5 inquiries within three days but pulled the listing since I decided I was going to leave the country. I guess I could put the listing back on but to avoid the hassle, just sell to Carmax or BMW dealer. Just curious if anyone has tried a trade in recently.

Compare the lease and buyout figure at dealer rates with what they're prepared to offer. Of the latter is greater than or equal to the former, et voila. Doesn't tend to work out that way very often, though.

[Longboarder]

Originally Posted by limeypride

Compare the lease and buyout figure at dealer rates with what they're prepared to offer. Of the latter is greater than or equal to the former, et voila. Doesn't tend to work out that way very often, though.

Yes agree. I dont have desire to be showing people my car so thats why i though i might try a dealer just to save me some potential hassle. I'd pay a dealer a little to let the car go rather than make a few bucks dealing with 10 people coming to my house before i find someone who wants it and qualifies to take over the lease.

[limeypride]

Originally Posted by Longboarder

Yes agree. I dont have desire to be showing people my car so thats why i though i might try a dealer just to save me some potential hassle. I'd pay a dealer a little to let the car go rather than make a few bucks dealing with 10 people coming to my house before i find someone who wants it and qualifies to take over the lease.

Posting your lease terms might help garner interest, too.

PS: I've sold maybe 10/11 leases now, nobody ever saw the car in-person beyond FaceTime chats etc. Each car moved within 4 or 5 interested parties; I'd guess the majority went more quickly.

[brzn]

Jason is it possible to update this thread with September's terms?

[snareman]

Originally Posted by Longboarder

Yeah my payment is pretty low with 30k off cap cost (leased in November 2020 when deals were good) and I put it on swap a lease in early June and got 5 inquiries within three days but pulled the listing since I decided I was going to leave the country. I guess I could put the listing back on but to avoid the hassle, just sell to Carmax or BMW dealer. Just curious if anyone has tried a trade in recently.

You put $30k down on a lease? I'd do the same if I knew for sure I wasn't going to total the car in the next 3 years and lose the money.

[Longboarder]

Originally Posted by snareman

You put $30k down on a lease? I'd do the same if I knew for sure I wasn't going to total the car in the next 3 years and lose the money.

Haha no way. I never put anything down. I got $30k off msrp for the cap cost component of the lease.

I ended up trading in the M8 for almost exactly my payoff to the dealer that I leased the M8 from....as they also happened to have the exact used car I wanted so it was a no-brainer.

After a couple months I am so glad I ditched the M8 for the F85 X5M.

[RNemesisN63]

Originally Posted by X5Mpartingout

Jason is it possible to update this thread with September's terms?

Says he updated it but I"m not seeing anything. Don't know if that means it's the same as June or what but hasn't been updated that I can see since then.

[snareman]

Originally Posted by Longboarder

Haha no way. I never put anything down. I got $30k off msrp for the cap cost component of the lease.

I ended up trading in the M8 for almost exactly my payoff to the dealer that I leased the M8 from....as they also happened to have the exact used car I wanted so it was a no-brainer.

After a couple months I am so glad I ditched the M8 for the F85 X5M.

Wow, $30,000 off is quite the discount. Was that with the old starting MSRP around 160k or the more recent 130k? The MSRP did recently go down 30,000 didn't it? I swear I remember the M8 starting around $150 - 160k.

[limeypride]

Originally Posted by snareman

Wow, $30,000 off is quite the discount. Was that with the old starting MSRP around 160k or the more recent 130k? The MSRP did recently go down 30,000 didn't it? I swear I remember the M8 starting around $150 - 160k.

MSRP dropped effectively by ~$19K.

[snareman]

Originally Posted by limeypride

MSRP dropped effectively by ~$19K.

Pricing an M8C coupe now comes to ~$133k for me where as before it's year hiatus for the coupe it was up around $150-160k right? How much discount are people seeing on that $133k price?

[Longboarder]

Originally Posted by snareman

Wow, $30,000 off is quite the discount. Was that with the old starting MSRP around 160k or the more recent 130k? The MSRP did recently go down 30,000 didn't it? I swear I remember the M8 starting around $150 - 160k.

It was a high option M8 coupe non competition donington exterior and black interior. To me the comp was not very comfortable and I while I like the louder exhaust at times, the crackles and bangs on decel were a deal breaker. Anyway the discounts on comps at the time (fall 2020) were around $15k and so $30k off a non comp was fantastic. MSRP of mine (see pic) was $143k.

[limeypride]

Originally Posted by snareman

Pricing an M8C coupe now comes to ~$133k for me where as before it's year hiatus for the coupe it was up around $150-160k right? How much discount are people seeing on that $133k price?

I spec'd my old M8 build for build and it came out at $19K less. That was a while ago but I'm 99% certain on the delta $$$-wise.

[hkochhar]

Originally Posted by tsgrayson

Thoughts on:

Quote today on a 2022 Competition Convertible in WA:

Market Value Selling Price 159,695.00
Total Savings 1,500.00
158,195.00
Acquisition Fee 925.00
Doc Fee 303.60
Tax 167.73
License & Title 600.00
Total:160,191.33

12,000 miles year
84,639 residual
0.00133 rate
2616/month

I just leased a new M8C, msrp 151 after cap reduction $142k, 3500 down with 4K from my M5 trade in (I was under miles) - 4875 for wheel and tire - total monthly came out to exactly 2k - without wheel and tire it was 1845

[pookiemalibu]

Originally Posted by hkochhar

I just leased a new M8C, msrp 151 after cap reduction $142k, 3500 down with 4K from my M5 trade in (I was under miles) - 4875 for wheel and tire - total monthly came out to exactly 2k - without wheel and tire it was 1845

Did they ask for a night with your wife and your left nut too? These lease rates are ridiculous. Enjoy the car though!