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Originally Posted by darksilkx1
Quote:
Originally Posted by chrisny
Isn't that just 1% lower residual than the '13's, and same money factor?
I don't see how that's so terrible for a brand new model, first month out.
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From a purely business perspective for BMW it makes sense since the demand is there for the new model. In real life you cant convince any thinking person person that in 3 years a final run 2013 X5 would retain 1% more of its value than a whole new model that came out just a month later. I would argue that there are a truck load more F30's than X5's out there and yet the residuals came out at 60/61% and have stayed there. |
Agreed, but ironically, the residual doesn't always have as much to do with resale value as logic would dictate, especially since in, say, 3 months, it could well be 60% on an F15...... When I leased an '07 E70, I started looking about 3 or 4 months after it first came out. Lease payment at that time was $200 higher than I ended up getting when the programs finally became decent like a month later. This on a 74k MSRP. So all I'm saying is, 1% lower seems actually a little better than I would have expected on a brand new model out of the gate.
The bigger difference, of course, will be in the discounts off MSRP. I may get a '13 now then F15 when that lease is up, discounts and incentives are just getting too big to pass up. Plus, then I would get one more go around with an E70 now AND still get the new model later (possibly LCI at that point).