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2013 and earlier - BMW 5 Series Prices Paid and Buying Experience

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  • I'm getting there but a few more questions please.

    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!!
  • petppetp Posts: 43
    thanks vm kyfdx.
    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
  • petppetp Posts: 43
    the hard part might be finding the car with just premium package. if you find a cooperative dealer im sure they can locate a car with just that.
    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!
  • kyfdxkyfdx Posts: 29,850
    Well... my price didn't include tax..

    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

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kyfdxkyfdx Posts: 29,850
    1) There may be some cash incentives coming later, but then the lease incentives would probably go away.. If you want to lease, I wouldn't bet on the deals getting any better than they are right now.. If you are buying, I would certainly wait...

    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

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • We're almost ther - I promise

    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
  • petppetp Posts: 43
    thanks KYFDX
    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?
  • kyfdxkyfdx Posts: 29,850
    Just rolling it into the payment... it isn't mandatory.. they structure it that way to make the payment look lower..

    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..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kyfdxkyfdx Posts: 29,850
    '05 530i
    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

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • juju1911juju1911 Posts: 2
    Looking to buy a 2005 530 with prem sound, prem package, satellite radio and auto trans. I'm in Houston and I plan to lease likely 3/45K (50+ mile daily commute). Based on rsearch it appears that invoice with options should be $47,300. Plan to start dealing with dealers next week. What should I expect to pay for the car?
  • sam2005sam2005 Posts: 2
    You know I have been browsing these boards for a while....since I am in the business. Let me ask you a simple question: Do any of you like to work for free? Dont you think the people selling these cars....which I think are the best drivers cars hands down should be able to earn a living? I deal with people all the time who just want more and more. Telling me "the dealership is still making money" Sure they are but what about the Client Advisor? As a consumer myself I like to get the best deal.....but at the same time I can realize if I am getting value for my money. If you think $4k off MSRP for a BMW is not a great value then there are plenty mediocre cars out there for you too choose from....By the way $56970 is STRAIGHT Invoice on that 2004 545i. Since it was my deal.
  • richcreamrichcream Posts: 205
    sam2005,

    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.
  • hpowdershpowders Posts: 4,269
    A few months ago I contacted the internet department of a BMW dealership asking for his best lease breakdown on a $54,000 vehicle. This salesperson had the capitalized cost at MSRP with the money factor inflated to the max.
    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.
  • dl7265dl7265 Posts: 1,381
    Sorry to do this , but to be exact one more time.Going to be my final Offer.

    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
  • kyfdxkyfdx Posts: 29,850
    I added the $625 acquisition fee into the cap cost, resulting in cap of $41,365.

    $488/mo.+ tax

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • dl7265dl7265 Posts: 1,381
    Thanks so much. They responde that they provide a good up front price to prevent haggling. They claim invoice is actaully $39990.00 and want $41,490.00 PLUS the .00165. I guess they think some sap will go for it.

    You know what my answer was...

    Thanks,
    DL
  • kyfdxkyfdx Posts: 29,850
    Well.. If they have MACO (regional advertising charge), then their invoice probably is about $39,990...

    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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  • hpowdershpowders Posts: 4,269
    Hey KYFDX:
    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
  • kyfdxkyfdx Posts: 29,850
    That was on a 530i.. Let me work up some numbers..

    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.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kyfdxkyfdx Posts: 29,850
    Using your numbers, and the BMWFS residual of 61% and base rate of .0010, I get a payment of $629/mo.+ tax..

    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

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • hpowdershpowders Posts: 4,269
    It is pretty unbelievable. Less than $650 per month pre-tax.
    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
  • pjtpjt Posts: 36
    [I just bought an '02 530 5 spd w/sp, pp, and some cw options, and it was 32,950 before taxes and fees.]

    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
  • bscuorzobscuorzo Posts: 1
    I have just decided to get a BMW over an A6 but I am trying to decide whether to lease or purchase. I have negotiated a 2005 530 to 51,000 and a 545 to 55,000 (not sure which car yet). What should my lease payments be if i did a 3 year 25K per year lease? Would I be better financing over 5 years? I am not going to put any money down. Also, has anyone heard of a $250 advertising fee per vehicle? I live in New Jersey. I am really having a hard ime with this so any help would be greatly appreciated.
  • hpowdershpowders Posts: 4,269
    The maximum yearly mileage allowed in a lease is usually 15k. Doing 25k or more per year would indicate it would be cheaper to buy the vehicle rather than lease it. A 15 cents per mile penalty over the allowed maximum of 45k/3 years would add $4500 to the cost of your lease when you return the vehicle.
    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.
  • juju1911juju1911 Posts: 2
    Looking to buy a 2005 530 with prem sound, prem package, satellite radio and auto trans. I'm in Houston and I plan to lease likely 3/45K (50+ mile daily commute). Based on rsearch it appears that invoice with options should be $47,300. Plan to start dealing with dealers next week. What should I expect to pay for the car?
  • dl7265dl7265 Posts: 1,381
    Man, $70 bucks more for a 545i that I was offered for BASE 525i,Ive really got to move...

    DL
  • cmybimmergocmybimmergo Posts: 265
    It was CPO from a dealer who sells only used--excuse me, pre-owned--BMWs. There was no haggling. I bought it with 45,250 miles. By the time I got through with the add-ons (taxes and one dealer fee), including a 7 year 125,000 mile extended warranty, it was 37,144.
  • petppetp Posts: 43
    DL7264...for your guide this last week i was quoted 509/mo for a 525 w/ auto/premium/cold-weather with zero down except 1900 for dealers fees (1st mo/prep...etc) 36mo/12K mi/yr.

    i think this is a good deal and will go for it
  • kyfdxkyfdx Posts: 29,850
    The lease deals are good.... but, not if you are going to be driving that many miles.. I'd suggest buying it with a 60 month loan..

    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

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kyfdxkyfdx Posts: 29,850
    What is the MSRP?

    (I seem to be asking this question a lot)

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