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are u using a residual of 62% and a MF of .00125 (3%)???? i beleive those are the rates right now.
wow...i havent asked the dealer exactly what lease rates he is using though.
thanks very much!
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Which might be why your dealer is marking them up.. he didn't leave himself much profit on the selling price...
regards,
kyfdx
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I have test drove the 525 eh ok. I then drove the 540I "impressive", and then drove the 530I. Liked the car, but it had the foul coolant smell like it had been burnt, dripped on something hot, etc. the dealer said he would fix it etc. etc.
have any of you had similar scents from your B's?
Not at all. Clutch problems?
Regards,
José
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Any thoughts?
Thanks,
DL
1) considering the lease “special” on BWC.com – can a dealer do better than this and how can I achieve that?
2) The lease special seems to focus on the 525i but does list pricing for a 530. Are there incentives as well on the 530? Or is the best “deal” on the 525?
3) could leasing a demo help in achieving lower pricing?
I live in the NorthEast and there are dozens of dealers to choose from – any help would be greatly appreciated.
thanks
2.) 530 is about $50/per month more than a 525
3.) of course...i have even seen '04 demos/dealer cars priced at around $38K. '05's though are generally more reliable and they have minor interior upgrades.
some hints from someone who is also shopping right now....
always deal from invoice price, up...never from MSRP, down. for example...MSRP is around 47K, invoice is 42K for an e60 that i want. i walked into a dealer and they gave me a price of $46K...not very good imho considering the new engines are coming out in less than 2 months. so i sent out some emails (a VERY efficient and hassle free way to do business...i love it) to a few dealers, got some replies and prices. best price so far has been 43.5K...a nice price if you ask me. around $1000 over invoice is considered a good deal. another dealer also mentioned he would beat any price i got by $500 if i have it in writing.
now since youre gonna lease i would suggest you brush up on your lease terms. a dealer can give you a great price on the car and then go and mark-up the lease terms. soooo...research your lease rates. the current bmw lease rates are VERY attractive...36mo/12K miles is currently at 62% residual with a money factor of 3%.
also, keep in mind there are new engines coming out for the e60. so the longer u wait, the better deal you will probably get as dealers will be desperate to get rid of inventory...but your selections might also become limited.
good luck. ive found this (and some other forums out there) to be a TREMENDOUS help and very informative.
2) MF is .00125 and the residual for the 3yr/30K lease is 63%...The acquisition fee of $625 is rolled into the cap cost.
3) This lease assumes a selling price of $42,270.. that is only $1000 off of MSRP..
Given all of that, I would assume you could do at least $1000 better than the advertised lease..
The advertised lease, with nothing upfront but 1st pymt and security deposit would be $522/mo + tax.. Take another $1000 off the selling price and the payment would drop to $493/mo.+ tax.
The 530i, with just the automatic as an option, has an MSRP of exactly $4100 more..
That model, using the same lease assumptions as advertised, would be $499/mo + tax.. With no downpayment, $572/mo. + tax.. With another $1000 off the MSRP, $543/mo. + tax...
Add $13/mo for 12K/yr.. Add $38/mo for 15K/yr.
Add $13/mo. for every $1K of MSRP, if looking at more expensive models..
regards,
kyfdx
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what mo pmt would i be looking at using 3% MF and 62% residual after 3 yrs/36K miles on a selling price of 43500? assuming zero down except the fees of $1900.
(just want to make sure im doing the math right)
thanks very much
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does that matter on a lease? i thought the payments were based on the negotiated price.
Is that the exact MSRP? $300 off could change the payment by $5/mo..
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thanks again!!!!
Selling price $43,500
3yr/36K
Residual 62%
MF .00125
Payment $486/mo.+ tax
Due at signing: 1st payment, security deposit, $625 acq.fee..
If you roll the acquisition fee into the payment, it changes the payment to $504/mo.+tax.
That is a pretty aggressive selling price.. If you can get that, with the base rates, you have one heck of a deal...
regards,
kyfdx
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I am focusing in on the 530. I would like leather but the Steptronic is not important.
1) from experience, what pricing gains may occur on current '05 stock as we approach the receipt of the new car/engines? Is it just that the dealers may move a little on the MSRP discounting or do you think BMW may help more with the lease i.e. MF or dealer cash?
2) Assuming the program numbers of the .00125 MF, the 63% resd. and the monies down, what number do you think is possible for a negotiated selling price?
MSRP $45,410 versus the Invoice of $41,495
I'll just assume the full $1,800 of the Premium pack.
Basically, could you please run me the lease program based upon what you think is an achievable selling price of the 530 with Premium?
I sincerlye appreciate your time... and can you sell me the car?
thanks!!
those are the numbers im getting...but the dealer is telling that (490/mo) is the price with $3K cap cost reduction plus 1900 for fees (total $4900 due at signing). and he is saying he's using 62% residual with a MF on 3%.
im gonna visit him this weekend to doubecheck everything.
once again, thanks very much
as for pricing....$1K over INVOICE is the norm i find right now. if u look at my deal (above), ive gotten a quote of $700 over invoice....with practically no negotiating. so figure your car will be $42500 or lower.
good luck!
But, your dealer is $3000 off...
What is he doing?
1) At 8%, tax could come to around $1400..
2) He is probably marking up the money factor.. Get away from quoting it as 3%.. the money factor is .00125.. Ask him if that is the rate he is using.. My guess is..he is marking it up to .00165.. the maximum.. That would cost you another $1000.
3) He is probably marking up the acquisition fee to $825.. that will cost you another extra $200..
Those three things together could account for $2600 of the $3000 difference... If he is doing all of those things, then he could surely come up with $400 more of BS fees...
The only legitimate increase in there, would be sales tax..
regards,
kyfdx
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2) Look at the original deal I worked up for petp... The MSRP of a 530i with just premium package is $47,900.. So, add about $10/mo. to that deal, and that would be a great price.. That would be for 3yr/36K.. If you want 3yr/30K, then the deal would be the same as his.
regards,
kyfdx
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Reviewing the work-up for petp, help me understand the $0 down factor. My interpretation of this has always been that you roll the mandatory down payment (in the case of the program offer $2,500) into your monthly payment - is that what you do? or are you actually negotiating away the down payment?
thanks again
im paying him a visit this weekend to see what numbers he's using.
it should be 62% residual, .00125 MF, 36 mo/12mi per yr.
i believe the fees due at signing should be $1900....which is 1st month+bank fee+acquisition fee?
But, if you are going off the advertised deal, it only assumes a $1000 discount from MSRP on the selling price. petp's deal assumes a much larger discount.. $3750 from MSRP...
Can you get that big of a discount? I'm not sure.. if you are following the other posts, you'll see that despite that low selling price, his dealer is still $3000 higher than what that price would indicate..
So to sum up... You don't have to make any downpayment on a lease... In fact, I don't recommend it..
Dealers like you to make a downpayment, because it makes the lease appear cheaper, because of the lower payment..
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3yr/36K lease
Upfront 1st pymt, security deposit, title/license fees only..
Monthly payment of $11.38 per every thousand of MSRP.. plus tax..
This is a just a reasonable deal.. and should be the maximum you would pay..
Example:
MSRP $50,000
50 X $11.38 = $569/mo. + tax..
regards,
kyfdx
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I'm in the sales biz and I constantly deal with shoppers and people who are always looking to get a cheaper, better deal at my personal expense, but that is the nature of sales, ESPECIALLY auto sales.
Don't get me wrong, I have no problem with a car salesmen, ehum, 'client advisor' making a buck, but if there's a way that I can get a great car as close to invoice as possible, why wouldn't I pursue it? My dollars are just as hard-earned as his.
Hey sam, when was the last time you or one of your fellow salesmen cut a commission on a sold deal because you or they felt that a fair profit had already been made??? I'll tell you when: NEVER. Just as you try to sell as many bimmers for as much profit as possible, the consumers will (if they're smart) try to buy them for as little as possible. It's the nature of the beast.
When I e-mailed back and showed fluent technical knowledge of leasing and what other people were receiving for the same lease, the salesperson came back with "this was only an introductory quote." So if I decided to close on this introductory quote, the salesperson would have stopped me saying, "No! Don't sign! I can do much better. This was just an introductory quote!" Yeah, and chickens have lips!
You're in the wrong place looking for sympathy on these boards.
525i $41,300
auto $1275.00
satellite prep.$75.00
freight $695.00
Msrp $43,345.00
price $40,740.00
MF .00125 62% residual
36/12k miles
not including tax, what would the payment be please ?
Thanks,
DL
$488/mo.+ tax
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You know what my answer was...
Thanks,
DL
So, I could live with the $41,490... if I were getting the base rates... Bumping the rates the maximum adds about $1000 to the price.. That puts it way too high...
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On a 2005 545, 36,000 miles, 36 months:
MSRP $58745
Invoice $53,700
Paid $55,200
S0: 55.2x11.38=$628.17 pre-tax
This would be the upper limit of a good leasing deal?
Thank you.
hpowders
Also, my rule of thumb on the 530i was multiplying that number by the MSRP, not the selling price... So, actually, the deals might be a little better on the 545i, relative to MSRP.
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Weird, huh?
The higher the price of the car, the more you probably have to pay over invoice.. While the dealer might readily take a $1500 over invoice deal on a $40K car, they might want more on a $60K car...
I'm not sure what the market is for the 545i, but those figures would constitute a pretty good deal, I think..
You'd have 1st pymt, security, and acq.fee due at signing...
Not knowing the market, I wouldn't necessarily say that is the MAXIMUM I would pay on this deal... But, I would definitely take it..
regards,
kyfdx
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You know, I leased a 325 in 2002 for $465 pre-tax back when BMW could command a rather high premium.
Back then, I probably would have projected that a 545 in 2005 would lease for at least $800 per month pre-tax.
Critical mistakes can create buying opportunities.
Thank you very much!
Regards,
hpowders
Did you purchase a CPO car from a BMW Center, or was it a private-party sale? Also, how many miles were on the car? Thanks. pjt
My BMW lease has a 20 cents per mile overage penalty. This would put your penalty at a whopping $6000 when you return your leased vehicle.
Leasing is really only good for people who don't drive over 15k/year.
DL
i think this is a good deal and will go for it
But, if you aren't putting anything down, you probably won't be right side up until after the 42nd payment at least... Especially with the high miles... Maybe 48 payments...
Or, you might wait until next month, and see if they replace lease incentives with dealer cash...
regards,
kyfdx
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(I seem to be asking this question a lot)
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