Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





BMW 5-Series Lease Questions

1111112114116117140

Comments

  • zoombie99zoombie99 Posts: 124
    We need the MSRP. Also, think about using MSDs.
  • mcqueen1234mcqueen1234 Posts: 3
    edited April 2012
    The dealer said I am getting it for around invoice, about $53500. MSRP is around 57K. Thanks for your help.
  • zoombie99zoombie99 Posts: 124
    Have the dealer send you a copy of the sticker and you can back into the dealer cost on Edmunds or bmwconfig.com.
  • Zoombie and CarMan,

    OK, here's the exact quote:

    535i with Premium and Tech Packages, Heated Seats and Blue Metallic Exterior
    MSRP with Destination $58295
    Selling Price $53215

    36 months 10K/year
    MF 0.00185
    RF 59%

    With $725 bank fees Total Cap Cost $53940

    Cap Reduction $1508 mostly offset by the $1500 Lease Rebate

    Total Due At Signing (essentially DMV, 1st month, Cap Reduction Tax and Doc Fee) is $1351

    Monthly Payment $662 + $58 CA sales tax = $720

    Is this a reasonable deal?

    Thanks
  • snward09snward09 Posts: 2
    I'm looking to lease a 528xi or 535xi for 3 years with 12,000 miles/year. What are the BMW USA residuals and MF's for April / May? What are the best deals out there? i live in Northern NJ. Thanks.
  • teck2u2teck2u2 Posts: 16
    edited April 2012
    Hi Car Man,

    You helped me out 3 years ago with an X5 and I'm looking for you excellent advise again, this time, on a 528xi.

    Please let me know if this is a good deal or not for someone living in Long Island NY. I am an existing BMW customer and my dealer is offering to “buy out” the 3 remaining months lease on my X5 and is giving me the following quote:

    BMX 528xi
    1. Space grey metallic paint - $550
    2. Cold Weather Package - $ 1450
    3. Premium Package - $2250
    4. Technology Package - $ 1580
    5. 1 year Satellite Radio $350
    6. Destination - $895
    Total = $ 56545

    Now for the “Deal”
    1. Selling Price - $53115
    2. Residual – 62%
    3. Money Factor - .00190
    4. Monthly Payment $599
    5. Included in the deal is $1500 spring cash rebate
    6. Down payment $3700
    7. Lease will be for 3 years @ !0,000 mile per year

    Is this a good deal?
    Should I wait the 3 months out (assuming I will get a better deal)?
    What question should I ask?

    Thank you so much!
  • Hi all (and of course, car_man),
    I ordered my shiny new 528ix, and tracked it all the way from bimmerheaven to my dealer - i'm picking it up next week.
    Not being one to wait, during that time I took over a lease (through BMWFS) of a shiny yellow Z4 - loving it.
    Here's the kicker - do I now qualify for the reduction in the MF I had seen for BMW loyalty - or was that only if you were getting out of a BMW into another? I don't fully trust my dealership - BMWFS had a "young kid" answering the phone - he basically said ALL incentives, even nationally advertised, are subject to each dealership's policies - don't know how accurate that is.
    thanks for any help or guidance!
  • zoombie99zoombie99 Posts: 124
    It seems like a good deal to me. If you put down MSD, the MF will be lower and you can lower your monthly payment.
  • zoombie99zoombie99 Posts: 124
    I could be wrong but I thought the loyalty reductuion was only if you bought the same model car that you had before.
  • zoombie99zoombie99 Posts: 124
    Its the same as it was in March, just look at the prior posts. No one knows the numbers for May. (I would just avoid dealers In Ramsey). I got my 328x a few years ago in Tenafly (on the last day of the month) and they beat everyone's montly lease payment by $50.00. In my opinion, the best deals are at the end of the month and only with the dealers that have a large inventory (provided you select from stock). I am thinking about getting a 535xi but I may wait until the next model year. I did get quotes and the lowest ones were at BMW of Manhattan and BMW of Tenafly. I didn't get a quote from Spring Valley but they have a lot of 535s on the lot. While BMW has the $1,5000.00 credit now, who knows if it will be around in May. If you are going with a 528, there is an additional $1,500.00 rebate that some people are finding on this site.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi ECH7. BMW Financial Services' April buy rate lease money factor and residual value for a 36-month lease of a 2012 528i with 15,000 miles per year are .00190 and 58%, respectively for consumers who qualify for its top credit tiers.

    The residual value a lease with only 12,000 miles per year would be 2% higher. The 10k residual would be 3% higher.

    When negotiating your lease on this car, make sure to take the $1,500 cash incentive that BMW is currently providing on it into account.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for macdad. BMW Financial Services' April buy rate lease money factor and residual value for a 36-month lease of a 2012 535 GT with 12,000 miles per year are .00190 and 61%, respectively for consumers who qualify for its top credit tiers.

    Unfortunately, the $1,500 credit is not available on GT models.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    That is very helpful information ech7. Thanks for sharing with everyone.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey snward09. BMW Financial Services' April buy rate lease money factor and residual value for a 36-month lease of a 2012 528xi with 12,000 miles per year are .00190 and 61%, respectively for consumers who qualify for its top credit tiers.

    The numbers for an otherwise identical lease of a '12 535xi are .00185 and 56%.

    BMW is currently providing a $1,500 cash incentive on leases of '12 5 Sedans.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Welcome back teck2u2. The car that you described has a spread of around $4,500 between its full MSRP and its dealer invoice price. That puts you at around $1,000 over invoice...assuming that the $1,500 was not taken off before the selling price that you mentioned. That's not bad if you're taking the $1,500 cash incentive off of the $53,115 price. If it is already taking that cash into account then this is not a great deal.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No Gnews is Good Gnews... Wow, that's an old reference :). If there is an owner loyalty incentive on the 2012 528xi right now you probably would be eligible for it, however I am not aware of one.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • teck2u2teck2u2 Posts: 16
    Thank you so much car man. I will take your advise and try to negotiate some more as I do believe the $1500 was already taken into consideration in the quote I receive.

    Two final questions please:

    1. What is a good price for this car?
    2. Is the money factor correct since:
    a) I'm a returning BMW customer
    b) My credit score is 720s

    Thanks a million!!
  • teck2u2teck2u2 Posts: 16
    Hey Car Man/anyone,

    I was able to get the car for $50,086 which includes the $1500 spring rebate.

    If the selling price is $50,086, can you please tell me what the following should be?:

    - Taxes and Fees
    - Monthly payment
    - Money Factor
    - Risidual
    - Bank Fees

    Remember, I have Tier 1 credit and I am a returning BMW cistome so no deposit is needed.

    They want me to sign tomorrow so we can get the car by end of month so I desperatly need anyone advise before i siggn. Please, thanks :).
  • softwaysoftway Posts: 6
    Could someone tell me if this lease quote is good for a 2012 535i in silver, black dakota leather, tech package, premium package, premium sound package, sport package, heated seats, sports transmission, and BMW apps.

    MSRP $63,595, selling at $58,750

    36 months, 10k miles year, 1.85 money factor, 59% residual

    Monthly is $786 (includes CA taxes already)

    Drive off is $2,250 (they deducted the $1,500 off the original $3,750 drive off)
  • geocity20geocity20 Posts: 12
    Don't forget the extra 1500 rebate you get from this site. All together you're looking at 48,586. Nice deal! :)
  • teck2u2teck2u2 Posts: 16
    Hi geocity20, thanks for replying. Can you please tell me where/how I can find the $1500 you mentioned? Is this the same or different from BMW's $1500 "spring credit?". Thanks a lot.
  • geocity20geocity20 Posts: 12
    It's different to the credit BMW is giving. I believe this one is from Edmunds and BMW. The rebate comes up when you research other new cars in this site, i.e., Mercedes E Class sedan. Makes sense since they want to pull you away from their direct competitors. Look into the new cars and not in the forums. Sign up and you'll get the rest of the directions. Good luck.
  • Hi Car_man/forum members. Can anyone please comment if this is a good deal.

    535xi - Base MSRP $54,800
    - Options are: imperial blue metallic with oyster black dakota interior, cold weather package, luxury seating, premium package, premium sound, tech package, multi-contour seats, side and top view camera, bmw apps
    - MSRP $67,245 includes destination
    - 36 months, 12K
    - $1,962 due at drive off
    - Monthly payment is $796 + $83 tax (NY) = $879

    Thanks.
  • teck2u2teck2u2 Posts: 16
    Hi geocity20,

    Wow! Thank you soo much!!! I just found, signed up for and received my coupon for $1500!!! Once I pick up my paper work with my new car I'll redeem my certificate for $1500!!! I get my car in 9 days.

    You are the man (or woman :)) thank you!!! Thank you, thank you!!!

    Love this forum.
  • Hu - I keep hearing about a coupon - above the $1,500 bmwusa rebate - I'm picking up my ordered car Tuesday, any info, or only for dealer's old stock, etc.? Thanks!
  • teck2u2teck2u2 Posts: 16
    Hello iamgarygnu,

    Here is the FAQ on this rebate, enjoy! :)

    http://www.bmw528icredit.com/faq.htm
  • WOW! You're at $1500 under invoice before the discount. How did you negotiate that?
  • bjordan1bjordan1 Posts: 11
    edited April 2012
    thanks for all the helpful info.

    i'm looking to lease a 550Xi and wanted to know if you could provide the money factor and residual for 3 yr, 30K lease.

    also, when taking the 1,500 lease rebate into account, what is a good price to shoot for... 1,000 under invoice... 1,500 under invoice?

    thanks!
  • Many thanks teck2u2, i followed the instructions i saw on the post (or a recent one) that said start to research a competing car - so i went to the e class and BOING - it was right there (i'd have missed it unless i was looking for it) - i'm thinking it won't work for me - i ORDERED the car, etc. - BUT, if i waltzed onto a lot i'd have gotten $3k between the BMWFS rebate and this offer. i'll still try it - but i doubt it will work. still, many thanks!!!!
    excited about picking up my new buddy tomorrow!
  • Trying to lease a 2012 528i m-sport

    currently there are the following rebates
    BMWNA - $1500
    Edmunds - $1500 (valid for me until jun6)
    Team Drive - $1000 starting may 29th
    BMWCCA - $1000

    all together the rebates are $5000 so i am using that as a downpayment
    and extra $1320.00 as a drive off

    BMW 528i m-sport

    (500 over invoice)
    MSRP / sticker price $58,145.00
    Selling Price $54,570.00
    after taxes $59,344.88
    Down payment $6320 (rebates plus tax license...)
    Lease Term (months) 36
    Residual Value % 61
    Money Factor 0.0019
    Lease $ $355.04
    Interest $ per Month $159.07
    Payment NO Tax $514.11
    Payment After Tax $557.81

    please let me know if this is the best price i can get around bay area or somewhere where i can save some $$$
This discussion has been closed.