Drove an F90 M5 today

[Egrunt]

Over the past couple of months I have contemplated if I should keep my 2015 F80 (currently has just over 18k miles). While having the last (free) service completed last month I saw a new M5 on the showroom and I have to admit I was attracted to it.

I was interested to see what type of deal could be had on the new M5. My 2015 F80 had an MSRP of 76k and is garage kept. The dealership offered me 45k for my F80 and they offered the M5 at 2k off the MSRP of $118k. I politely passed on the deal and the vehicle (M5) sold several days later.

Fast-forward to today and me and the wife stopped by another local BMW dealer and test drove a new M5 with a MSRP of $118k. The power of the M5 is intoxicating to say the least. The interior is a upgrade over the F80. The B&O stereo is in another league compared to the HK stereo in the F80. I have the BAV Sound speaker and sub-woofers in my F80.

Today's deal has me thinking. They offered me 47k for my F80. They where discounting the M5 7k and there was another 3.5k discount (total discount 10.5k) if I finance through BMW.

Interest rates stink right now and it looks as if the FED is going to raise rates again before the end of the year. If I purchase the M5 I will either borrow against my own money to pay the vehicle off or look for a better rate.

[David 12]

Not a bad deal on the M5. The 2019 M5 comp package cars are becoming available and you are starting to see better deals on the 2018 M5.

Unless you want to wait for the M5 CP, now is a good time to negotiate on a 2018.

Dave

[gatorfast]

What do the lease deals for the M5 look like? Honestly I would be scared to own as the depreciation is absolutely insane.

[Egrunt]

Originally Posted by gatorfast

What do the lease deals for the M5 look like? Honestly I would be scared to own as the depreciation is absolutely insane.

I was offered the following lease deal yesterday:

2018 M5, MSRP: $118,350
Discount: $ 7,047
Rebate: $ 2,000
Sale Price $109,303

Down payment: $5,000
Lease term: 36K/ 10,000 miles a year
Money factor: .00166
Residual: $72,193 (61%)
Payment with tax:$1,399.03

[Thescout13]

Originally Posted by Egrunt

I was offered the following lease deal yesterday:

2018 M5, MSRP: $118,350
Discount: $ 7,047
Rebate: $ 2,000
Sale Price $109,303

Down payment: $5,000
Lease term: 36K/ 10,000 miles a year
Money factor: .00166
Residual: $72,193 (61%)
Payment with tax:$1,399.03

That's actually not today bad for $118k car. Honestly I would lease it at that price personally.

[RickFLM4]

Originally Posted by Thescout13

That's actually not today bad for $118k car. Honestly I would lease it at that price personally.

Agreed. 61% residual is attractive for a car that will likely depreciate rapidly. Probably 59% with 12k miles. That’s not bad.

[Egrunt]

Well I made the transition last night to a new M5. It was a bitter sweet good bye to the F80. I was going to play it safe so to speak with the color (was looking at a alpine white) of the M5 but then we saw the snapper rocks blue metallic.

Interesting enough I was looking at buying a new 911 S but this new M5 is something else.

I did a purchase instead of a lease. I went to another dealership that had a larger selection of M5's and at first it looked like I would not receive any discount. So I asked the salesman if 47k for my trade and 10k off MSRP (including the 2k rebate) would be a great deal on a M5 and he said it would be. I then laid my cards on the table and explained the deal I received the day prior and I said I would be going back to that dealership. It helped I had taken pictures of the deal the day prior on my cell phone.

To make a long story short they matched the deal.

[GOLFFRR]

for those who are interested:

2018 F90 M5
36mo
15k 58%
12k 60%
10k 61%

incentives:
2k lease and/or APR loyalty credit

2019
m5(non Comp)
36mo
15k 48%
12k 50%
10k 51%

5k lease credit
2k loyalty

m5 (Comp edition)
36mo
15k 48%
12k 50%
10k 51%

No Incentives

you can follow updates each month at the G30/F90 pricing thread in the sticky section

[Darth One]

congrats! Good to see that the new shiny model can be had at a good price (at least the '18s)

[SocalBM]

That is some unbelievably nasty depreciation.

[clutchdj]

Originally Posted by GOLFFRR

for those who are interested:

2018 F90 M5
36mo
15k 58%
12k 60%
10k 61%

incentives:
2k lease and/or APR loyalty credit

2019
m5(non Comp)
36mo
15k 48%
12k 50%
10k 51%

5k lease credit
2k loyalty

m5 (Comp edition)
36mo
15k 48%
12k 50%
10k 51%

No Incentives

you can follow updates each month at the G30/F90 pricing thread in the sticky section

OMG what is going on with the '19 residuals GOLFRRR? Or is the system trying to move the 2018MY?

[RickFLM4]

Originally Posted by clutchdj

OMG what is going on with the '19 residuals GOLFRRR?

Looks like incentives to move out 18s.

[GOLFFRR]

Originally Posted by clutchdj

OMG what is going on with the '19 residuals GOLFRRR? Or is the system trying to move the 2018MY?

programming in general has been kinda of blah for a while now across the board. But most of the time trying to get rid of older models to make room for new is the std

[paliknight]

Originally Posted by SocalBM

That is some unbelievably nasty depreciation.

Congrats OP. Car looks phenomenal.

I agree that is scary depreciation. Id personally never buy an M5/X5M new due to the depreciation. I'd only lease.

[DocWeatherington]

Originally Posted by Egrunt

Well I made the transition last night to a new M5. It was a bitter sweet good bye to the F80. I was going to play it safe so to speak with the color (was looking at a alpine white) of the M5 but then we saw the snapper rocks blue metallic.

Interesting enough I was looking at buying a new 911 S but this new M5 is something else.

I did a purchase instead of a lease. I went to another dealership that had a larger selection of M5's and at first it looked like I would not receive any discount. So I asked the salesman if 47k for my trade and 10k off MSRP (including the 2k rebate) would be a great deal on a M5 and he said it would be. I then laid my cards on the table and explained the deal I received the day prior and I said I would be going back to that dealership. It helped I had taken pictures of the deal the day prior on my cell phone.

To make a long story short they matched the deal.

I like the bike...

[NCThreePedals]

Originally Posted by paliknight

Congrats OP. Car looks phenomenal.

I agree that is scary depreciation. Id personally never buy an M5/X5M new due to the depreciation. I'd only lease.

Yes, color looks fantastic OP! I do agree with you, it would be very scary knowing I bought a car that will lose ~20k in value a year

[AutoTalent]

Congrats on the purchase!

[AWE46M3]

looks great! congrats!

[Egrunt]

F90 by the beach.

[1fastR1]

I love it! Great choice of color!

[732m4f82]

Originally Posted by Egrunt

Over the past couple of months I have contemplated if I should keep my 2015 F80 (currently has just over 18k miles). While having the last (free) service completed last month I saw a new M5 on the showroom and I have to admit I was attracted to it.

I was interested to see what type of deal could be had on the new M5. My 2015 F80 had an MSRP of 76k and is garage kept. The dealership offered me 45k for my F80 and they offered the M5 at 2k off the MSRP of $118k. I politely passed on the deal and the vehicle (M5) sold several days later.

Fast-forward to today and me and the wife stopped by another local BMW dealer and test drove a new M5 with a MSRP of $118k. The power of the M5 is intoxicating to say the least. The interior is a upgrade over the F80. The B&O stereo is in another league compared to the HK stereo in the F80. I have the BAV Sound speaker and sub-woofers in my F80.

Today's deal has me thinking. They offered me 47k for my F80. They where discounting the M5 7k and there was another 3.5k discount (total discount 10.5k) if I finance through BMW.

Interest rates stink right now and it looks as if the FED is going to raise rates again before the end of the year. If I purchase the M5 I will either borrow against my own money to pay the vehicle off or look for a better rate.

+1 for US monetary policy and implications on BMW purchases

[itsTwigs]

Originally Posted by Egrunt

F90 by the beach.

Fish booooowl