Best m5 lease rates at the moment?

[BensZ4MC]

Contigo said:

BensZ4MC said:

I would be surprised if the car would be worth 55k...maybe £45 IMHO...

Exactly what I was thinking. There is a 90K option car sold at ML's for £68 with delivery mileage. These will drop like the E60/61's did in the first two years.

Not the Oracle but just pulled off Parkers for 2011/61 plate 10k miles pa.
Original Price
More info £73,040
Franchised Dealer
More info £50,325
Independent Dealer
More info £48,425
Private Good
More info £47,000
Private Poor
More info £41,425
Part Exchange
More info £43,675

[W8PMC]

Please bear in mind that the figures being touted on here are probably now getting a little confusing for some. If quoting figures, please state total deposit, term, contracted mileage, what level of options & whether the payments quoted are plus or including VAT.

It is certain that for whatever reason some dealers can't match others (no idea why) & the great deals are still available on cars that can be delivered well before the end of the year.

Best i saw (bought) was a contract hire of 3+35 (£2100 inc vat), based on 13k miles per annum on a car with £1k of options & this came in at just under £700 per month including VAT.

[Schermerhorn]

Mine

£5950 deposit
23 monthly payments of £495
0% APR
VAT inclusive
8000 miles per annum
Monte Carlo Blue/Silver merino leather

Or

Silverstone II/Red leather interior

Options:

Split fold rear seats
Reversing camera

No purchase option at end of contract

Total payable over 24 months is £17335*

• with a 20p per mile penalty.

Offer from Gary or Howard at Sandal BMW in Hudderfield.

Infact, I'm going today for a test drive in the M6 they have to once and for all make up my mind.

[JapFreak786]

These are some cracking deals! If I wasn't contracting and wanted to be abit more sensible with my finances I'd be knocking on their door for one of these!

What are the chances of something like being around in a year's time? The 0% offers that is, would I be right in saying slim to none?

[Mr E]

Schermerhorn said:

£5950 deposit
23 monthly payments of £495
0% APR
VAT inclusive
8000 miles per annum
Monte Carlo Blue/Silver merino leather

Just checking. Sub £500 a month with VAT?
PCP?

[Schermerhorn]

Mr E said:

Schermerhorn said:

£5950 deposit
23 monthly payments of £495
0% APR
VAT inclusive
8000 miles per annum
Monte Carlo Blue/Silver merino leather

Just checking. Sub £500 a month with VAT?
PCP?

Not PCP but contract lease for 24 months which suits me.

Yup....£495 flat pcm. No VAT on top of that.

£17335 total. With VAT it was over £20,000 and he confirmed it was nothing near that.

It is also 0%

JapFreak786 said:

These are some cracking deals! If I wasn't contracting and wanted to be abit more sensible with my finances I'd be knocking on their door for one of these!

What are the chances of something like being around in a year's time? The 0% offers that is, would I be right in saying slim to none?

They'll come around again, mostly in Q1 and Q3 of the sales year. Not every dealer will capitulate but just keep ringing around. I was very fortunate that this deal is less than 1 mile away from my house.

Edited by Schermerhorn on Monday 9th September 15:53

[Jonny TVR]

Schermerhorn said:

They'll come around again, mostly in Q1 and Q3 of the sales year. Not every dealer will capitulate but just keep ringing around. I was very fortunate that this deal is less than 1 mile away from my house.

Edited by Schermerhorn on Monday 9th September 15:53

I'm ready to order but now confused as to what is the best deal as my mileage is higher than yours at 20K a year. 24 months and deposit size is OK for me. On a personal lease and standard spec.

[Schermerhorn]

Jonny TVR said:

Schermerhorn said:

They'll come around again, mostly in Q1 and Q3 of the sales year. Not every dealer will capitulate but just keep ringing around. I was very fortunate that this deal is less than 1 mile away from my house.

Edited by Schermerhorn on Monday 9th September 15:53

I'm ready to order but now confused as to what is the best deal as my mileage is higher than yours at 20K a year. 24 months and deposit size is OK for me. On a personal lease and standard spec.

Johnny, I think with mileage like yours, your montly payments will be close to £1000.

[Jonny TVR]

Schermerhorn said:

Johnny, I think with mileage like yours, your montly payments will be close to £1000.

Without looking hard on a personal lease based on none maintenance, 24 months, 20k miles a year
Deposit £4453 plus 23 at £742 inc VAT.

[W8PMC]

Schermerhorn said:

Mr E said:

Schermerhorn said:

£5950 deposit
23 monthly payments of £495
0% APR
VAT inclusive
8000 miles per annum
Monte Carlo Blue/Silver merino leather

Just checking. Sub £500 a month with VAT?
PCP?

Not PCP but contract lease for 24 months which suits me.

Yup....£495 flat pcm. No VAT on top of that.

£17335 total. With VAT it was over £20,000 and he confirmed it was nothing near that.

It is also 0%

JapFreak786 said:

These are some cracking deals! If I wasn't contracting and wanted to be abit more sensible with my finances I'd be knocking on their door for one of these!

What are the chances of something like being around in a year's time? The 0% offers that is, would I be right in saying slim to none?

They'll come around again, mostly in Q1 and Q3 of the sales year. Not every dealer will capitulate but just keep ringing around. I was very fortunate that this deal is less than 1 mile away from my house.

Edited by Schermerhorn on Monday 9th September 15:53

Would be about right as a 6+23 deal on those miles is about that same rate but plus VAT, however you're putting twice the level of deposit

[Mr E]

Schermerhorn said:

Not PCP but contract lease for 24 months which suits me.

Yup....£495 flat pcm. No VAT on top of that.

£17335 total. With VAT it was over £20,000 and he confirmed it was nothing near that.

It is also 0%

Sounds like a bloody good deal. I suspect I can't make my man maths work to justify it without selling the plastic car. And I really, really like the plastic car.

[jrinns]

on the contract hire is any one paying RFL for year 1 and fees onto the deposit?

Edited by jrinns on Tuesday 10th September 14:46

[jrinns]

and contract hire should be 0% apr like the PCP, Dealer is quoting 2% interest.

[Schermerhorn]

jrinns said:

and contract hire should be 0% apr like the PCP, Dealer is quoting 2% interest.

2% is not a lot but it does add up over 2-3 years.

0% is far better and if you have a decent and capable enough accountant they can do some magic which will get you personal tax relief also.

[forest172]

jrinns said:

on the contract hire is any one paying RFL for year 1 and fees onto the deposit?

Edited by jrinns on Tuesday 10th September 14:46

First year rfl inc at £875 and also 2nd year inc. At maybe £465. No other fees

[burwoodman]

Scherm-how did you like he M6. Id be interested to know if there is much of a difference in the total costs. I'd assume at least £200 pm extra.

[JapFreak786]

Need to get myself a better paying job then so I can justify the cost of one! Time to start working harder!

[Schermerhorn]

burwoodman said:

Scherm-how did you like he M6. Id be interested to know if there is much of a difference in the total costs. I'd assume at least £200 pm extra.

It was OK; certainly a very pleasant place to sit. You also got a lot of stares; some 'thumbs up' and some 'who does he think he is in that car? type of stares?

I found the throttle mapping off the line was different compared to the F10 M5. The M5 was lumpy...slow and then it kicks in whereas the M6 was very smooth off the line. Perhaps this was different set up tuned through idrive to a person's preference.

Beyond that the experience was quite normal; the test drive was very short due to the time of the day so I didn't get the chance to put my foot down.

Essentially it is the same car as the M5 expect for the different body and slightly different interior. Certainly looks the part, very opulent inside but I could never get on with that rear end unfortunately.

I couldn't justify the extra £200 pcm though.

[burwoodman]

I haven't had a good look inside. the rear seats ok for children up to 12?

[Jonny TVR]

burwoodman said:

I haven't had a good look inside. the rear seats ok for children up to 12?

I had a look at a 6 last weekend and there was hardly any room in the back. There was loads more in the Maserati!!