[Ryno 27]

What percentage of MSRP are people putting down on their M5 lease?

[gblansten]

Answer should be zero.

[gblansten]

https://f90.bimmerpost.com/forums/fo...play.php?f=707

Probably ought to ask this in the sub forum above.

[josec70]

Zero here as well

[Aronis]

$120,000.

Mike

[dardeca]

Zero down...first month's payment at drive off. That's it.

[Aronis]

Down payment was part of monthly planning. Saved ahead of time, had great trade value on M2 and sold RS6. So I was able to have a monthly payment that would not give me chest pain every time I wrote a check.

[Ryno 27]

Thanks guys

[TrevorM3]

first month, nothing more. maybe acquisition if you please.

[Eurohorses]

1st month, taxes, dmv fees, etc. Total out of pocket for me was about $5k.

[Ryno 27]

Really appreciate the input. For some reason I was under impression 10% to 15% was the norm

[limeypride]

Originally Posted by Ryno 27

Really appreciate the input. For some reason I was under impression 10% to 15% was the norm

I don't think it's reasonable to say there is a norm since the number of folks that post their lease terms vs. the number of leases isn't statistically significant (sales folks that post lease terms here certainly magnify the significance vs. 1:1 consumers but even so...)--that's an assertion on my part. My point being that what you see here are individual opinions, not some generally established status-quo--my opinion follows.

For me, minimum down is important since I sell the leases a year or so in so the more I put down, the more I waste (asking for it back in a lease exchange nullifies much of the perceived value). For others, the wife is a key decision criterion, i.e. a larger more visible monthly payment is a bad bad bad bad thing long-term... so more money upfront can make sense for the next car.

[zirotti]

I traditionally don't like putting any money down on a lease as its not like there is equity to begin with, and additionally if the vehicle gets totaled out, the lender isn't going to write you a check back.

But with the fact that programs aren't as aggressive as they used to be, my wife has gotten more sensitive to keeping the payments similar to previous vehicles and is comfortable with us putting money down to do that.

[Jocko78]

Totally depend on the situation, agree. I will be using mine as a daily for business and my company gave me 12k upfront to put down, had to show proof or I wouldn't be reimbursed so that's what I did. Without that, I would have gone zero.

[uniqueMR]

Never put down anything on leases.

[limeypride]

Originally Posted by uniqueMR

Never put down anything on leases.

A naive comment given the data below.

[LSM]

I'm in the zero down camp besides drive offs (1st payment and fees)

Putting 3k down to save 90/mo only start saving in month 32.

With early lease turn in incentives or in my case I only keep 1-2 years so the payment savings never equates to the extra down

[limeypride]

Originally Posted by LSM

I'm in the zero down camp besides drive offs (1st payment and fees)

Putting 3k down to save 90/mo only start saving in month 32.

With early lease turn in incentives or in my case I only keep 1-2 years so the payment savings never equates to the extra down

Nod, similar to me. The most common reason I see folks putting money down is to reduce the visible monthly payment to the spouse.

Having never kept a lease past say 18 months, I'm not familiar with early lease turn-in incentives--could you elaborate, please?

[LSM]

Originally Posted by limeypride

Nod, similar to me. The most common reason I see folks putting money down is to reduce the visible monthly payment to the spouse.

Having never kept a lease past say 18 months, I'm not familiar with early lease turn-in incentives--could you elaborate, please?

I usually trade/sell/swapalease when getting out early. If you have 3 months or sometimes even 6 months left, BMW occasionally has programs that pull ahead lease if you get another BMW.

Porsche had a 12 month pull ahead program last year so everyone was doing a 36 month lease and in the lease said they could get out in 24

Bmw does it by programs not upfront

I'm long out of car by then lol

[adeuel]

Literally nothing down. Nothing. I signed paperwork and drove away.
No first months payment. Not dmv fees. All rolled in.
It’s a business expense for me, so I wanted the highest monthly payment possible.

[limeypride]

Originally Posted by adeuel

Literally nothing down. Nothing. I signed paperwork and drove away.
No first months payment. Not dmv fees. All rolled in.
It’s a business expense for me, so I wanted the highest monthly payment possible.

That reasoning and approach also makes a lot of sense.

Like I say, there's no one right answer here--it's all about the scenario.

[floating.spirit]

Any opinions on buying the Car at end of lease? Is the residual to high to make sense?

Wondering if I can enjoy lower payments for three years and then plunk a little money down for down payment on financing (like 10% or so).