How do these numbers look M5 Competition

Ask the Hackrs
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1

Looking at an in stock 22 M5 competition. These numbers definitely seem high, but inline with the current environment? Have not negotiated at all maybe can get them to msrp…

Let me know your thoughts, seems like some of the brokers here have ‘23 m5 allocations.

Competition + executive no drivers assist

East coast dealer
Lease
10k/36
$2,080/month
$3,806/due at signing

Finance 60 months
$2514/month
$0/down
$132,970/out the door

Select 60 months
$2,029/month
$0 down
$132,970/out the door
Ending balance (28%) after 60 months = $32,965.80

MSRP $117,735 + $5,000 over

2

Why do they seem high? Have you populated the calc to see what numbers should be if get MSRP and base MF or interest rate for your term?

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3

$78,686 to drive a $117k car for 3 years. 66% of MSRP / 64% with the ADM (which you’re amortizing part of and paying rent on).

:eyes:

What’s the residual and MF on the lease? Rate on the loan? How much money can you bring to this deal it it made it better (I’m not asking if you can afford it or pay it off)? How long are you planning to keep this financial mistake? Which state are you in / what’s the tax rate?

5 Likes
4

LOLL financial mistake! So true…

Seems like it’s buy rate mf at .0019. On the bmw select loan I’m not sure the rate but he sent me the balloon. Would register in nj. Wasn’t planning on bringing much to the table because wasn’t planning on keeping it more than 15 or so months. Not much on SAL so was thinking could be an option to exit. But not sure how that would work if I went the bmw select route.

Also have not negotiated at all, not sure if there is any room given the demand for the car but would try to get it at msrp or at least half at +2500

5

Yup I think it’s something like this

It “seems” high because that’s 76k payment on a 117k msrp ~65%

6

Well worst time ever to lease really and a crazy amount to pay for a car you cant use half the power of regularly but oh well. I’d rather put $ in market at discount now than having a crazy car payment. I also pay cash for my cars so I’m different anyway. Haha

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7

Why are you doing this to only keep it for 15 months ? Why not do a 911 then if you want something quick and agile that will hold value better, do you really need sedan ?

8

He’s going to have to probably wait 15 months just to get a 911. I put in a deposit for an allocation back in April and am projected earliest around March of next year.

9

Another great candidate for a balloon loan.

With $0 down you would be at $1729/mo

But the TCO of a Tesla MS Plaid will be substantially less…

10

Not sure if you’re in the market now but 911s are like unicorns…

11

This exactly ^^^ and don’t forget about markup over sticker

12

Also substantially less fun :rofl: I joke I joke

BMW select program is a balloon loan

Have not looked into the MS Plaid, are they being sold and sticker and not impossible to find?

13

Yes it is but hey tomorrow is not guaranteed. Already knee deep in the mkts.

14

I was referring to a non-captive balloon loan. The BMW select program terms are garbage. See:

31 Model S Plaid available in-stock at MSRP right now.

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15

Does your gut tell you the M5C will be worth more or less than $60k in 3 years? Not asking for a crystal ball, just your gut. If you think higher, finance it. If you think lower, lease it.

16

Yep. Pay cash then if enough in market already.

17

I sold my 21 992 C2S last April without recognizing the craziness starting. Ugh. Still got over MSRP but left 20K on table if I had just kept.

18

This wiki is amazing thanks for putting it together. Will definitely check this out, had an eye on the etron rs gt before

19

Doesn’t make sense for me, earning more there

20

Ahh hard to say think they may change the body very soon F90 has had a decent run since 2018. But the select program has the lowest monthly payment but as @z0lt3c pointed out the program may not have ideal terms