May sell 545 to friend/heres the deal I'm offering
08-24-2005, 06:15 AM
#1
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**disclaimer**
**all this is subject to change?love driving the car so much this phase may quickly pass?just kicking things around a bit**
Thinking of moving to a 550 or maybe even something entirely different?I?ve had my issues with the car but that?s not really the reason I?m thinking about (all have been fixed now?and they all seemed to be 1st year type of items?nothing ever that stranded me etc?) having said that?here is the deal that I?m structuring?seems like it is a good/great deal for my friend?I wanted to make sure you guys (and few) gals thought so too?
Background
2004 545 Sport Auto
MSRP $62,145
Invoice $56,805
Upgrades (out of pocket/low estimate) $6500
major upgrades are:
*M-Kit
*19's
*Eisman Exhaust
*Bluetooth enabled
So this is what I?m kicking around with a friend:
Give me my upgrade money and take over my lease payment of $505.00 per month (not including tax)?the car is 8 months old and has 5000 miles on it.
I just ran the lease numbers at the current 545 .001 MF / 12k per year 60% res / and buying the car at invoice you would have to come up with approx $6600 out of pocket to buy the payment down to that level. So it seems to me that this is a more than fair deal?do you agree?don?t want to take advantage of a good friend?I deal with leases quite a bit so I'm fairly confident it?s a sweet deal?but maybe I?m missing something.
Thanks in advance for your input
**all this is subject to change?love driving the car so much this phase may quickly pass?just kicking things around a bit**
Thinking of moving to a 550 or maybe even something entirely different?I?ve had my issues with the car but that?s not really the reason I?m thinking about (all have been fixed now?and they all seemed to be 1st year type of items?nothing ever that stranded me etc?) having said that?here is the deal that I?m structuring?seems like it is a good/great deal for my friend?I wanted to make sure you guys (and few) gals thought so too?
Background
2004 545 Sport Auto
MSRP $62,145
Invoice $56,805
Upgrades (out of pocket/low estimate) $6500
major upgrades are:
*M-Kit
*19's
*Eisman Exhaust
*Bluetooth enabled
So this is what I?m kicking around with a friend:
Give me my upgrade money and take over my lease payment of $505.00 per month (not including tax)?the car is 8 months old and has 5000 miles on it.
I just ran the lease numbers at the current 545 .001 MF / 12k per year 60% res / and buying the car at invoice you would have to come up with approx $6600 out of pocket to buy the payment down to that level. So it seems to me that this is a more than fair deal?do you agree?don?t want to take advantage of a good friend?I deal with leases quite a bit so I'm fairly confident it?s a sweet deal?but maybe I?m missing something.
Thanks in advance for your input
08-24-2005, 06:41 AM
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Originally Posted by hpowders' date='Aug 24 2005, 07:32 AM
The residual on the 545i is 59%, not 60% for 36 months, 36,000 miles. 
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08-24-2005, 07:24 AM
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Originally Posted by 545 Driver' date='Aug 24 2005, 07:15 AM
**disclaimer**
**all this is subject to change?love driving the car so much this phase may quickly pass?just kicking things around a bit**
Thinking of moving to a 550 or maybe even something entirely different?I?ve had my issues with the car but that?s not really the reason I?m thinking about (all have been fixed now?and they all seemed to be 1st year type of items?nothing ever that stranded me etc?) having said that?here is the deal that I?m structuring?seems like it is a good/great deal for my friend?I wanted to make sure you guys (and few) gals thought so too?
Background
2004 545 Sport Auto
MSRP $62,145
Invoice $56,805
Upgrades (out of pocket/low estimate) $6500
major upgrades are:
*M-Kit
*19's
*Eisman Exhaust
*Bluetooth enabled
So this is what I?m kicking around with a friend:
Give me my upgrade money and take over my lease payment of $505.00 per month (not including tax)?the car is 8 months old and has 5000 miles on it.
I just ran the lease numbers at the current 545 .001 MF / 12k per year 60% res / and buying the car at invoice you would have to come up with approx $6600 out of pocket to buy the payment down to that level. So it seems to me that this is a more than fair deal?do you agree?don?t want to take advantage of a good friend?I deal with leases quite a bit so I'm fairly confident it?s a sweet deal?but maybe I?m missing something.
Thanks in advance for your input
**all this is subject to change?love driving the car so much this phase may quickly pass?just kicking things around a bit**
Thinking of moving to a 550 or maybe even something entirely different?I?ve had my issues with the car but that?s not really the reason I?m thinking about (all have been fixed now?and they all seemed to be 1st year type of items?nothing ever that stranded me etc?) having said that?here is the deal that I?m structuring?seems like it is a good/great deal for my friend?I wanted to make sure you guys (and few) gals thought so too?
Background
2004 545 Sport Auto
MSRP $62,145
Invoice $56,805
Upgrades (out of pocket/low estimate) $6500
major upgrades are:
*M-Kit
*19's
*Eisman Exhaust
*Bluetooth enabled
So this is what I?m kicking around with a friend:
Give me my upgrade money and take over my lease payment of $505.00 per month (not including tax)?the car is 8 months old and has 5000 miles on it.
I just ran the lease numbers at the current 545 .001 MF / 12k per year 60% res / and buying the car at invoice you would have to come up with approx $6600 out of pocket to buy the payment down to that level. So it seems to me that this is a more than fair deal?do you agree?don?t want to take advantage of a good friend?I deal with leases quite a bit so I'm fairly confident it?s a sweet deal?but maybe I?m missing something.
Thanks in advance for your input
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08-24-2005, 08:41 AM
#5
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My Ride: 2005 545i with everything
Personally I wouldn't buy you out of your mods. Mods are personal and usually you wash your money down the toilet when you buy them because the next buyer is not going to want them.
Selling a car you've had for 8 months is financially unwise. You must have had to pay a large cap cost reduction $$ to get your payments that low on a 3 year lease. You are prepared to just walk away from that?
Selling a car you've had for 8 months is financially unwise. You must have had to pay a large cap cost reduction $$ to get your payments that low on a 3 year lease. You are prepared to just walk away from that?
08-24-2005, 08:44 AM
#6
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Location: Houston, Texas
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My Ride: 2005 BMW 545i, Silver Grey, Sport Package, R. Shades, Cold Pkg, Sat. Rad., Prem. Sound.
Originally Posted by teutonictrio' date='Aug 24 2005, 10:24 AM
[quote name='545 Driver' date='Aug 24 2005, 07:15 AM']**disclaimer**
**all this is subject to change?love driving the car so much this phase may quickly pass?just kicking things around a bit**
Thinking of moving to a 550 or maybe even something entirely different?I?ve had my issues with the car but that?s not really the reason I?m thinking about (all have been fixed now?and they all seemed to be 1st year type of items?nothing ever that stranded me etc?) having said that?here is the deal that I?m structuring?seems like it is a good/great deal for my friend?I wanted to make sure you guys (and few) gals thought so too?
Background
2004 545 Sport Auto
MSRP $62,145
Invoice $56,805
Upgrades (out of pocket/low estimate) $6500
major upgrades are:
*M-Kit
*19's
*Eisman Exhaust
*Bluetooth enabled
So this is what I?m kicking around with a friend:
Give me my upgrade money and take over my lease payment of $505.00 per month (not including tax)?the car is 8 months old and has 5000 miles on it.
I just ran the lease numbers at the current 545 .001 MF / 12k per year 60% res / and buying the car at invoice you would have to come up with approx $6600 out of pocket to buy the payment down to that level. So it seems to me that this is a more than fair deal?do you agree?don?t want to take advantage of a good friend?I deal with leases quite a bit so I'm fairly confident it?s a sweet deal?but maybe I?m missing something.
Thanks in advance for your input
**all this is subject to change?love driving the car so much this phase may quickly pass?just kicking things around a bit**
Thinking of moving to a 550 or maybe even something entirely different?I?ve had my issues with the car but that?s not really the reason I?m thinking about (all have been fixed now?and they all seemed to be 1st year type of items?nothing ever that stranded me etc?) having said that?here is the deal that I?m structuring?seems like it is a good/great deal for my friend?I wanted to make sure you guys (and few) gals thought so too?
Background
2004 545 Sport Auto
MSRP $62,145
Invoice $56,805
Upgrades (out of pocket/low estimate) $6500
major upgrades are:
*M-Kit
*19's
*Eisman Exhaust
*Bluetooth enabled
So this is what I?m kicking around with a friend:
Give me my upgrade money and take over my lease payment of $505.00 per month (not including tax)?the car is 8 months old and has 5000 miles on it.
I just ran the lease numbers at the current 545 .001 MF / 12k per year 60% res / and buying the car at invoice you would have to come up with approx $6600 out of pocket to buy the payment down to that level. So it seems to me that this is a more than fair deal?do you agree?don?t want to take advantage of a good friend?I deal with leases quite a bit so I'm fairly confident it?s a sweet deal?but maybe I?m missing something.
Thanks in advance for your input
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[/quote]If you want to keep the good friend, don't sell him the car. That's one way of lossing a good friend. Putting it this way, your friend would never marry your wife if you divorced her. There's something about cars and women that are very similar - and no, I'm not talking about "used." You can love your wife/car to death, but once you sell/divorce her, a good friend is not someone to hand it/her too. The above analogy is not meant to degrade women in any way. It's the only analogy I can think at this time. :'(
08-24-2005, 06:13 PM
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I will give you 7000.00 US to take over your lease...Give my wife my 530i and take the 545i..let me know....FYI i think thats a steal for your friend. I would keep it or sell it to me....just my .02. whats the buy out and the lease term end....
I say keep it tho...
I say keep it tho...
08-24-2005, 06:30 PM
#9
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My Ride: 545, Auto, Sport, L7, Pdc, Sunshades, Silver Gray/Black, 19x8.5/9.5 Monet Wheels, Michelin PS A/S Tires, Full M-KIt, B&B Exhaust, 20% Llumar Tint
residual would simply be 60% of msrp...correct?
08-24-2005, 06:46 PM
#10
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My Ride: 545, Auto, Sport, L7, Pdc, Sunshades, Silver Gray/Black, 19x8.5/9.5 Monet Wheels, Michelin PS A/S Tires, Full M-KIt, B&B Exhaust, 20% Llumar Tint
Originally Posted by rodneyremington' date='Aug 24 2005, 09:41 AM
Personally I wouldn't buy you out of your mods. Mods are personal and usually you wash your money down the toilet when you buy them because the next buyer is not going to want them.
Selling a car you've had for 8 months is financially unwise. You must have had to pay a large cap cost reduction $$ to get your payments that low on a 3 year lease. You are prepared to just walk away from that?
Selling a car you've had for 8 months is financially unwise. You must have had to pay a large cap cost reduction $$ to get your payments that low on a 3 year lease. You are prepared to just walk away from that?
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