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BMW 5-Series Lease Questions

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  • I am about to turn in a 328 convertible. 2yr old in great condition. I was told to call around to dealers to see if someone wanted it for their used car fleet, and they may give us money to turn it in to them. Has any one heard of this? The 1st dealer sounded insulted.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey poykayil. Through April 2nd, BMW Financial Services' buy rate lease money factor and residual value for a 36-month lease of a 2012 535xi with 12,000 miles per year are .00185 and 58%.

    The numbers for an otherwise identical lease of a 2012 550xi are .00190 and 58%.

    BMW is providing a $1,500 cash incentive on leases of these cars through BMW FS.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome. Enjoy your new ride!

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey comohombre. This is a national lease program. The dealer that quoted you the higher factor is marking it up in an attempt to add additional hidden, back-end profit to your deal. See if you can get them or another dealer to use the buy rate to work up your lease.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi zoombie99. It's difficult to say what BMW's lease programs will be like a couple of months from now. Last year its program for the 5-Series did not really change between March and April.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited April 2012
    Hi akeyes. There's nothing wrong with getting out of your current lease early to lease a new 5 because BMW is running an official early lease termination program on it right now that will waive up to three remaining payments for free. The dealer doesn't have to pay anything to get you out of your deal early.

    It would be easier for me to evaluate this deal for you if you provided me with this car's MSRP and approximate selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number it is more difficult to tell how large a dealer discount you are being given and in turn if there is any room left to negotiate. Let us know what these numbers are and I'm sure that either myself or another helpful community member will let you know what they think.

    Also during your negotiations, keep in mind as a returning 5 customer you are eligible for a special .00060 money factor reduction from BMW's normal .00190 on this car.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Excellent point, ech7. The selling prices of leased vehicles are negotiable, just as if one was paying cash for or financing them. This is a very important thing to keep in mind when leasing.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi bmwfansf. the residual value that you were quoted is correct for a 36-month lease of a 2012 550i with 10,000 miles per year.

    Car_man
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  • Hi All,
    After reading and lurking, it appears the questions cycle over and over (sorry) - I tracked my car from Bimmerheaven on the vessel Topeka until it pulled into NJ - my dealer says it should be ready for me April 5 - my prior lease isn't up till May - as the lease offers appear to continue the $1,500 rebate I'll probably pick up at end of April - do we know if the MF and Residual is the same as last month?
    and while shooting for the moon, any predictions about May? I hate to lose the $1,500 - but the incentives otherwise did not look as appealing as they did until early January. Thanks!
  • zoombie99zoombie99 Posts: 124
    It appears on the surface to be the same, still 669 for the 535xi base (as per the webt site) so it would appear the residuals and money factors haven't changed. Have you considered posting MSDs to lower your rate?
  • ech7ech7 Posts: 4
    edited April 2012
    Hello,

    Can someone please post the lease rates for 2012 528i, in 10K, 12K and 15K, for month of April (MF, Residual, Incentives, etc.)

    Another thing, can some one please post the BMWFS credit tiers?

    Thanks,

    ECH7
  • thanks Zoombie - i'm seriously considering MSDs - i presently have a Z4 that i'm keeping that has the maximum MSDs bringing the monthly payment down to ridiculously low levels - my dealer didn't suggest for hte 528ix but I will when it's time to pick up - still, i'd love to know the MF and residual for april for the 528ix 10k miles, please.
  • ckfernckfern Posts: 2
    I got offered a 2012 535xi w 6500 miles. The msrp is $61,925 but he lowered it to $53,700. The sales person also said that if leased there would be an incentive of $1,500. Does this sound like a good deal? How does it work w demos, how can I find the best deal? What kind of payment would I be looking at? TIA!
  • macdadmacdad Posts: 65
    Do you know April Res. and MF for 535 GT 36 mos/36K miles? Is the $1500 credit available toward the 535GT.

    Thank you,

    macdad
  • ckfernckfern Posts: 2
    I wanted to include the lease deal I was offered for this car which I find an absolute joke! $1000 down plus fees total $4112 includes first payment taxes DMV for three years bank fee doc fee
    $688.57x36 months 12000 miles. Can someone help me out?
  • zoombie99zoombie99 Posts: 124
    as far as I know, its the same as March, just look through prior posts.
  • ech7ech7 Posts: 4
    I recently made an inquiry to the dealer and they have provided me with the credit tier categories. I think this info would be helpful for those considering a lease with BMWFS

    Super Elite/Elite/Standard: 675+ FICO

    Standard Plus: 640-674 FICO

    Progressive: 601-639 FICO

    Progressive Plus: 600 or less FICO

    They also quoted me for a 10K lease of 2012 528i with MF of 0.0019 and residual of 61%. $1,500 rebate is also available.

    The MF are based on 675+ credit
  • zoombie99zoombie99 Posts: 124
    There is also a rebate coupon online
  • tambo916tambo916 Posts: 2
    Where do you find the online coupon. I have been searching but can't find it.
  • ech7ech7 Posts: 4
    the 'coupon' can be found at:

    bmwusa.com under the lease offers page. for a 2012 528i, its listed as '$1,500 Lease/APR Credit available.'

    you can also see it at edmunds website under new cars >> incentive and rebates >> then navigate to the vehicle of your choice
  • zoombie99zoombie99 Posts: 124
    Tambo, check your PM on Bimmerfest.
  • zoombie99zoombie99 Posts: 124
    ech7, this is a rebate IN ADDITION to the 1,500.00 credit. It is a post sale rebate (not a sales/lease reduction) but not everyone will get the pop up. It's random on Edmunds. It only applies to the 528 models.
  • geocity20geocity20 Posts: 13
    zoombie99, how do you get this additional rebate? Looking to pull the trigger this month. Thanks.
  • zoombie99zoombie99 Posts: 124
    It's just a pop up that some people get on Edmunds. You can read my two threads on this subject on bimmerfest. Good luck.
  • nystarnystar Posts: 26
    Nice deal!!

    I live in NJ too, what is your dealer name?

    Thanks
  • FWIW I tracked my 528i x's ship from bimmheaven (the Topeka) and actually saw it in port when i was on the turnpike (glad i didn't get into an accident)
    BMWusa still shows my car as having finishing touches, though I got an email from my advisor and saw it at the dealership yesterday - sweet. i'm waiting till near the end of the month (i picked up a Z4 and still have my old lease going back in may that is way under miles)
    1) does anyone have any more info about the pop-up coupon?
    2) any thoughts or suggestions about MSD?
    3) any predictions on the may program? i doubt it will be as good as this month.
    Thanks for any thoughts!
  • zoombie99zoombie99 Posts: 124
    1) the coupon only applies to dealer stock
    2) MSD are great and it is better than having the money in the bank earning less than one percent
    3) no one knows but you may lose the lease credit of 1,500
  • geocity20geocity20 Posts: 13
    Thanks for this! Just got it. It actually came up for me when I started looking at a different model/make.
  • zoombie99zoombie99 Posts: 124
    Great! Enjoy. It doesn't help me since I want a 535.
  • Upgrading from a 3 series to a 535i. Is this a good deal for a new lease?

    535i with Premium and Tech packages, White exterior, heated seats
    36 months, 10K/year
    Top tier credit
    "Minimum drive off" $1350 (includes DMV fees, etc.) I assume this is taking into account the $1500 lease credit?
    $685 plus CA sales tax per month.
    I think this is based on MF of 0.00185. Would I qualify for anything better given loyalty, top credit score, etc.?

    Thanks for any help!
This discussion has been closed.