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BMW 5-Series Sedans

18081838586414

Comments

  • MACO does not apply to ED. It does apply to US delivery. But, if you are paying anywhere close to MSRP it should be included. The prep is just extra gravy for them. Don't pay it.

    Thanks,
    Patelli
  • snagielsnagiel Posts: 750
    Unfortunately not. That seat configuration is only available on the M5. However, I find my 530's (with sport package) lumbar support well adjusted (although obviously it may be too much or little for other people).
  • pen101pen101 Posts: 238
    For comparison, my non-ED lease deal at Long Beach BMW for a 530i was $1000 over invoice. That price was lower than offers from 20 other dealers in the area. But be sure to carefully check their lease calculations.
  • Pen101,

    At Long Beach BMW what was your:
    money factor:
    acq fee:
    sec dep:
  • pen101pen101 Posts: 238
    I leased the car on 12/29/01, so MF was lower (0.0019) I put down 6 security deposits of $550 to lower MF to 0.0013. Residual at 3/36 lease was 62%. MACO was $400. Other than acq fee, no other dealer fees. I need to check to get you exact amount. MSRP was $46,195. Negotiated deal was $42,895. Monthly payment of $533. At end of lease I get $3850 back. Originally they structured the lease at 0.0023 MF and security deposits (at $650 each) to reduce cap costs instead of lowering MF. This was wrong. I had them change it to lower base MF to 0.0019 and apply the security payments to lower MF to 0.0013.
  • john01john01 Posts: 246
    above post is correct. I tried to get the same when we ordered ours and the sales guy thought it was possible, but apparently BMW AG said no. However, we were able to get the Active seat, which I understand is not available on US spec cars. (perhaps through Special order) We have the comfort seat and I love it. While I miss the lower thigh support on the sports seat, the aritculating upper back support is great for me. I always have a pain in the shoulder area after a long drive, and this one gives me a good support. I am taking a 10 hour road trip this weekend, so we will really put it to good use.

    One thing I did not try was trying to get the M5 seats on our 530. It may be possible as a special order.
  • No the destination charge is already in the price, this I was told is to prepare the car for sale. He claimed it was a hard cost to them.
  • 530bmw530bmw Posts: 130
    You should not let the dealer charge you for doc fees or prep fees. To me both costs spell "rip off" and I always refused to pay it in the past. A good dealer will not charge you for neither fees but an unscrupulous one will try to charge more. In MD, the maximum allowed by law is $25 for doc fees, however, in VA where I live there is no law for that. So, the VA dealers set doc fees as high as $500. If you refuse neither one and willing to take a walk I think your dealer will agree to it, based on your postings you are lucky that the dealer did not charge you for admission to go in and talk to them. Good luck.
  • shiposhipo Posts: 9,152
    Hmmm, well the prep fee sounds totally like "Bull Salt", "fixed fee", yeah right, NOT. If it was a fixed fee, every other dealer in the U.S. would charge it too, and I can assure you, they do not.

    If it is a "Fixed Fee", have them show you the invoice from BMW and point out said fee. You will see the MACO, I am quite sure, however, that the "Prep Fee" will not be there.

    Best Regards,
    Shipo
  • jim52jim52 Posts: 161
    The dealer I'm working with says their "prep fee" is $279. He said it is the cost of getting the car ready for delivery to the customer. He said that they have to do a whole series of things to the car after they receive it from BMW. I tell them its just another overhead cost they need to manage such as their electricity but they also don't want to budge.
  • nyccarguynyccarguy Stamford, CTPosts: 8,024
    find another dealer or talk to the sales manager. I'm sure you've agreed to a car with a reasonable profit from the dealer. Tell them if they want to charge you $279 for a "prep fee," then you will lower what you will pay for the car by $279 so they can charge you that "prep fee."

    2001 Prelude Type SH, 2011 Pilot EX-L 4WD, 2015 Subaru Legacy 2.5i Premium

  • jwilson1jwilson1 Posts: 956
    christophers & jim, I know you've put a lot of work and time into the sale up till now, but if you bite on this 'Bull Salt' (love it), you're doing a disservice to all the rest of us as well as yourselves. When, in the past, I've had dealers try to tack on things like this (pin-striping was a fad for awhile), I didin't go back. Instead, I called and said I'd prefer to do business where people didn't treat me like an idiot, I didn't need the car that fast (lie usually), and that I was oging to (fill in name of competitor) that evening after work.

    Usually, but not always, they called right back and there was no more "Bull Salt." Sometimes they even apologized! Which they should. Maybe I've got too much pride, but I'd rather drive a Kia than have them think that I'll hand over cash and they don't even have to mug me to steal.

    Take care.
    Joe W.
  • nyccarguynyccarguy Stamford, CTPosts: 8,024
    That you still have to put up with this kind of bull salt when you're buying a car in the $36,000 - $60,000 range. I guess maybe they figure that these people are paying so much for their car, what is a few hundred bucks more?

    I remember I went to visit a friend in Greensboro, North Carolina a few years ago (1998). We were walking around the lot of the local BMW dealer over there. Every car on the lot had a $475 Enviornmental Protection Package added on to it.

    The best advice I can say is stand up guys! Don't take their salt!

    2001 Prelude Type SH, 2011 Pilot EX-L 4WD, 2015 Subaru Legacy 2.5i Premium

  • jim52jim52 Posts: 161
    We actually haven't agreed to a price yet so tecnically they aren't trying to "tack it on". I said I wanted to pay 1500 over invoice. They are saying that their invoice is $479 higher than what I say because of 200 MACO and 279 prep fees. So their 1500 over is the same as 1975 over "my invoice number". I offered to split the 279 with them and haven't heard back yet. At this point I'm getting tired of the process and am ready to move forward. When I started this I said I'd be satisfied with 2K over invoice (also 2k under MSRP) and that's where I'm at. I can't justify dragging this out much longer (and risk not having a car when my current lease expires 4/25) for a couple hundred dollars or $4-$6 per month. Besides, residuals and money factors change tomorrow (equate to $20 more per month). I know I can lock in by getting approved for credit but I'd prefer to have the whole deal in writing by end of today.
  • jwilson1jwilson1 Posts: 956
    "I'd prefer to have the whole deal in writing by end of today."

    So would they.

    (Now I'll go back to lurking.)

    Take care.
    Joe W.
  • shiposhipo Posts: 9,152
    Just checked Owners Circle, my 530i, which I ordered 9 days ago, is now scheduled for production. Tickets are in hand, Passports are up to date, but the Calendar still says 6.5 weeks to go. :-(

    Best Regards,
    Shipo
  • snagielsnagiel Posts: 750
    The anticipation is a killer, ain't it?

    I think I was borderline delusional the last week before I picked mine up...
  • Just hung up the phone from the sales manager as you have said he came off the prep fee. The final deal is 1500 over true invoice.

    I can't express how much this board has helped in getting me what I find as the best deal locally. Again thanks for everything.
  • shiposhipo Posts: 9,152
    Snagiel,

    I hear ya!

    Christophers1,

    Congratulations on cutting a great deal on your new ride.

    Best Regards,
    Shipo
  • jim52jim52 Posts: 161
    Man...they really came down. What part of the country do you live in? I can't seem to get the dealer to budge off of 1,975 over.
  • bs530bs530 Posts: 5
    Do I need to have my production and or VIN number? I should get some info on my 530 next week when their allotment comes in. I feel your pain on the waiting. I've been driving a Saab 9-3 for just over three years and should have gone BMW then. For now I just go by the local BMW dealer and drool until they chase me away. I'm headed over for a MAY 14th pickup. My brother and I both fly for the airlines, so being the romantic guy that I am, he gets to go over with me. Keep us up to date on your progress. I also herd that you need to book the tour of the factory. Something to look into if necessary.
  • snagielsnagiel Posts: 750
    You can register there as soon as you get your production number from your dealer (which should be immediately after he places the order through BMWNA).
  • My friend in Seattle is also thinking about doing a ED. Any particular dealers that somebody can recommend?
  • Well I went to do the paper work and feel okay about the deal.

    Again the car is a 530i with prem pkg cold wthr xenon and steptronic. Actual dealer cost 41920. Plus the 1500 profit equalling 43420.
    With 525 acq fee per our discussions here and a 112 luxury tax totaling 44057.

    I also got the money factor at .00205 and bought it down with 9 security deposits to .00115 at 550per. So it ended up with lease payments near 540 for 36 mths with one up front.

    BTW the sales manager said don't tell anyone about the deal which leads me to believe he slid something by me. But I think I did better than most in the Charlotte area.

    Thanks again to all that contributed.
  • jwilson1jwilson1 Posts: 956
    Isn't it strange. When a salesman or the SM tell you that you've struck a "good deal," you immediately wonder how much margin you left on the table. I think they do that just to make you feel bad!

    Take care.
    Joe W.
  • jim52jim52 Posts: 161
    Today I finally inked a deal. I ordered a 2002 530, Sterling Grey, black leather, auto, PP, SP, and xenons. I always found it helpful when people shared the details so here they go:

    MSRP - 47,470
    Invoice - 43,470
    CAP cost - 45,449 (Invoice + 1500 + 200 MACO +279 "prep fee")
    36 month lease
    10K miles per year

    Payment is 586 + 53 tax(9% in PA) = $639

    I plan to put down 9 extra security deposits which will lower the total payment to $565 per month. Waiting to find out when I can expect delivery. Thanks to everyone who helped.
  • matt00matt00 Posts: 32
    I am also looking to lease a 5 series (525). If I underdstand correctly, you put down $550 x 9 = $4,900 + first months pmyt $560 + $525 acq fee + $112 tax for a total of $6,097. Is this correct?
    I am tring to get an Idea of what would be a fair lease on a 528...Every dealer I'v been to is tring
    to rip me a new A$$.

    Thanks,
  • That is correct, except it was $4950 +first month payment + acq fee $525 + tax on security deposits. I also made them give me a copy from Reynolds & Reynolds report to verify that this tax on the security deposit was a true tax. (Still not absolute but fairly sure) But the thing they may being trying to do is inflate the money factor or interest rate of the lease. It should be .00205 which if multiplied by 2400 equals the true interest rate. By buying it down nine times I ended with a .00115=2.76% rate.

    One other thing is the amount of the security deposit depends on your lease payment rounded to the closest $50 increment. (i.e. 460- is a 500 deposit) Again this is totally refundable! It also buys down your monthly payment, in my case almost $60 x 36 mnths= $2160, a fairly decent savings over a three year period if you can swing it.

    All this info came from prior posts from this site of which I am making sure to credit.

    Matt00, I also can figure the exact lease payment that you should expect to pay.

    Probably way more info than I ever cared to know but I will try to help all from my research and what I picked up here.
  • 530bmw530bmw Posts: 130
    When I bought my car, the finance guy showed me an option for leasing which I turned down. After seeing postings about leasing in TH, I remembered asking the finance guy about acquisition fee, which he said it is the same as GAP insurance. Do you guys agree with that, who sets the fee? I notice that it varies from car to car.
  • shiposhipo Posts: 9,152
    Hmmm, if the $525 (CAP Reduction) and/or the $299 (1st Year Fees) cover GAP insurance, I think that is was money well spent. I have never purchased GAP insurance on a lease before, and touch wood, I will never need to take advantage of it, however, I certainly am glad that I will have it on the 530i that I have on order.

    Best Regards,
    Shipo
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