New to the forum. I have developed an itch to get out of my ‘18 m5 and get into a Panamera GTS sedan. Went to a local dealer who has a few available and was given an offer of about 7.5% off sticker. Knowing that Panameras aren’t selling so well for a variety reasons, I think I can do a bit better. Wondering what a good discount to shoot for would be. I’m thinking somewhere in the 15% range.
My logic being that sales are lackluster and the 2020 MY are coming in a month or so, dealers with inventory are going to try to move these as hard as possible to avoid having to sit on them the way the 2018’s are.
Would be interested in hearing some thoughts on whether my expectations are reasonable. Thanks

 

Why are you looking to get out of the M5? I'm actually considering the exact opposite - getting rid of my Turbo Sport Turismo and replacing it with an m5 competition. Just curious

 

Honestly, there's nothing really wrong with the m5. I have an '18 non-comp and its a fantastic car. It pulls like crazy and is incredibly fast, the seats are tremendous and for the price, it can't be beat. I have always liked the Panamera and owned a '13 GTS previously. I took my wife's Macan GTS in for service and saw a chalk Panamera GTS and it got my mind going. Test drove the car and liked it a lot. I did cross shop back when I got my m5 with a 4s and the GTS is just better. Not sure it's worth the money over the m5 but when impulse strikes, it's hard to ignore. I'm only getting 10% off the GTS right now and the m5's value is terrible so it's not quite the deal I want as of now.
Now, why do you want to get out of the Turbo ST?

 

I can't put my finger on it exactly but I know I hate the transmission (or at least the programming of the new one). I had a 2010 turbo and a 2013 turbo s previously both tuned by FVD and I loved the cars which is why I bit the bullet and ordered the Sport Turismo when I did (which was a huge mistake). The programming is definitely geared towards fuel efficiency - it up shifts so fast if your foot isn't in it the car will be in 4th gear at 30 mph even in sport plus mode. I acquired an NSX a few months back and I enjoy driving it so much more than the Porsche that it has been sitting for most of that time. So now I'm looking for something different, I may do nothing but I can't justify having the ST just sitting in my warehouse, my spec was pretty loaded at $206k and it looks like $120k is the best deal I can get the dealer to pay me so the car is going to lose $95,000 in a little over a year which stings!

 

I did notice that, albeit in a GTS not in a Turbo. I know the Panamera market is soft as not too many customers are looking for that type of car with so many less expensive, powerful luxury sedans on the market. I'm also getting nailed with the price on my m5 - highest offer is 80k, with lowest at 74k.
I am not sure if I'm just a little bored and want something new, or if I really find the Panamera to be worth it. If you hop over to the bimmerpost boards, 9 out of 10 will tell you that I am nuts for wanting a GTS - much more money for less power, tech, etc. On my way home from the dealer yesterday, I did a few pulls in my m5 and it did make me think if I am being crazy.
There was a post on bimmerpost not long ago of someone cross shopping the two.
https://f90.bimmerpost.com/forums/sh....php?t=1637127
If you do decide to leave the Panamera, despite the painful hit on your Turbo, you can probably get an amazing deal on an m5 or m5 comp.
The lease rates are so generous with BMW and the rates/price on the Panamera is beyond awful that it is a tough call.

 

I'm looking at a new GTS also and I'm finding that market is very different for GTS' vs other Panamera models. The discounts I've been seeing are around 6-7% for GTS, around 15% for hybrids and even more for Turbos.

 

"Supply vs Demand"... The GTS trim is a limited or lower production run. Dealers have lower allocations for GTS, too. Thus, GTS command or demand a higher price versus the other ones.

 

Hello! I am also in talks with my SA regarding a new GTS order. He said that the next allocation is Nov production with a Feb 2020 delivery. I'm considering a lease, but what type of money factor and residual should I expect? Also, is it reasonable to expect more than 7.5% off the car? Maybe they can stretch to 10%?

 

I can’t speak for ordered cars but for new cars on the lot I’m at 11% off.
For lease 39/7500 miles - .0032 and 56%. Not sure if this is standard rate - having checked yet

UPDATED - Buy Rate = .0028 for same terms as above - 36 months = 57% and 39 months = 55%

 

Thanks for the response!

 

Ok I am joining this important topic
our lease is coming up on our BMW M550. Nice car but not a performance car
we are I think good customers of our local Porsche dealer
having leased 5 Cars in the last 7 years for my wife and I.

Looking at the M5 Competition which i am impressed with for performance and options
today i drove a new Panamera GTS with rear axle steering and Burmester sound
wow !


question is what can i expect in leasing the panamera GTS with
msrp 156,080

They offered
147,576. cost of car

30 months 10k miles per year
Money factor 0.0026
residual percentage 0.59
Monthly payment 2809.05
buyout end of lease 89,385

i wanted to walk out as it was a lot more than the M5comp
but they convinced me to take her home overnight and think about it
as I said the car is incredible

Thinking the best play is to buy a low mile CPO
panamera Turbo 2017/18
or take the M5 Competition lease

questions
do I have room to negotiate a better Deal with porsche for the GTS ?
what is the best deal you are seeing for the BMW M5 Competition ?

thank you
don’t want my emotions to overwhelm my purse

Shaq

 

At the price of the GTS you are looking at, you should get a 2018 Turbo. Dealers are taking crazy money off so unless there’s something about the GTS you are crazy about, the better bet is the Turbo.
If you want a GTS, I wouldn’t do anything less than 10%. I got 11% after a couple days of haggling - having only bought 2 cars from the dealership. With your track record at your dealership you should do better than their current offer. I feel if I waited til 2020 models landed I could have done better.
M5 comps are probably over 10% off sticker plus manufacturer incentives (loyalty, etc). I’ll be honest I miss my m5 but I haven’t had a ton of seat time in my GTS as I’ve been traveling so I’m hoping I really get to enjoy the Porsche.

 

Challenge for Pilota in leasing a 2018 Turbo vs. 2019 GTS will be the difference in residuals for what will soon be a 2 model year old car. Even getting a healthy 12%+ discount may not be enough to make the numbers work. I looked at a 2018 4 that a local dealer had marked down from $105k to $90k and the lease numbers were worse by a quite a bit compared to leasing a 2019 with minimal like 2% discount. Worth running the numbers and see what you get but may not end up being attractive from a lease POV.

 

BMW's typically are more attractive to lease. The residuals are pretty high. Not always for the M cars as much, but I think they will be higher. Also a $100-120K car has a lot less value to lose in the first 3 years than a $150K car. 57% isn't horrible, but I would expect the M5 to be more like 62% and then factor in the much lower MSRP and the lease is going to be half the cost. *ish

 

These are indeed valid points
today i received from my Bmw dealer their transparent offer M5 competition
MSRP 126 925
sale price 116 435
lease rebate 4500
Claim that with sale price and rebate car is 1 percent lower than wholesale

MF 0.0028
residual 55%
Buyout end of lease 69 808
36 months 10k miles per year
2000 down
1554 monthly.
Almost half of the GTS

heading to Bmw to drive again while GTS memory is fresh

also looking at buying used CPO pano turbo

first world problems are real
thank you