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BMW 5-Series Lease Questions



  • dulnevdulnev Posts: 652
    The MF for 535i is higher: .00155. But the residual is identical to 528i.
  • rbrrbr Posts: 106
    For what its worth, I was just able to obtain a MF of .0005 on a 36 month lease of a 2009 535xi by offering a one-month security deposit.
  • dft654dft654 Posts: 1
    Anyone know the BMW FS money factor for a 2010 535xi Wagon?
  • Hi all,

    What you think about this? I got quoted a .00175 money factor on a 36-mth lease for a 2010 loaded 535i. We will prepay .15 per mile over $15K miles; prepaying for 8K miles. Isn't the money factor. 00155 though? Is dealer trying to pull a fast one?
  • jeffaljeffal Posts: 28
    Dealers are known to mark up the money factor rate. That is another way they make their profit on the car. You can ask them to use BMW's current rate. They might say okay, or they might tell you to get lost. Depends on how bad they want your business.
  • Thanks. I appreciate the insight.
  • rbrrbr Posts: 106
    acurious -- maybe carman will chime in, but I believe the official BMW rate for a 2010 535i is .00155, so the rest is going to the dealer, and you should be able to find a dealer that will give you .00155. Knowledge is power ... stick to your guns.

    Prepaying for mileage overages probably makes sense given that the per mile rate is less, but is that recoverable in the event the car is totalled? Still may be worth it though.

    Good luck.

    I'm picking up a 2009 535xi on Saturday, MSRP around $63,000, 36 months, 15K/year, .0005 MF, 1 month security deposit and 1st months payment up front, for about $650 including tax. Car has about 1,500 miles on it at the dealer and is still being sold as new. I think I did OK.
  • x021627x021627 Posts: 148
    BMW lets you buy only the mileage you need till about 4 mos before you lease is over at only .01 more than what you would pay at inception. Therefore you aren't paying for what you don't need. I knew 15K was too much and 12k probably not enough and will gladly only pay for the overage I only use. Not a bad deal and I can keep the extra $$$ till I need to part with it.
  • sergeymsergeym Posts: 262
    .0005!!! You are kidding, right?
  • elanspelansp Posts: 36
    I believe the 2009s still have MF of .0005 on them but I thought the 2010s were around .00155.
  • rbrrbr Posts: 106
    Sergey --

    No ... not kidding. I was surprised too. The sales rep said that was available with a one month refundable security deposit. Obviously the best part is that translates to a tremendous amount of interest/rent savings on cars that are this expensive, not to mention that virtually every dollar you are paying goes to depreciation which should positively affect the end of lease purchase price. Remember this was on an '09 535xi, and there aren't many left.
  • rbrrbr Posts: 106
    BTW, my car is an '09, but it was a late production car so it has the improved iDrive hardware.
  • waid10waid10 Posts: 21
    This forum is great. I have learned so much, but still feel a bit lost when discussing lease options with a dealer.

    I just got an opening quote from a dealer for a 2010 535i with sport, premium, value, comfort access, nav, and satellite radio. MSRP is $59,570. There is a "dealer package" of $399 added but I have no idea what that is. They discounted the MSRP by $2,836. They added tax, tags, and a $479 processing fee. Is that a normal amount? The total balance is $59,491.63.

    He quoted me prices for 24, 30, and 36 month leases with 12,000 miles and no down payment. He used a money factor of 0.0021.

    24 month lease is a $1,187/month payment ($38,125 residual value)
    30 month lease is a $1,023/month payment ($36,933 residual value)
    36 month lease is a $914/month payment ($35,742 residual value)

    These are my questions:

    1. Any idea what that $399 dealer package is?
    2. Is the $479 processing fee reasonable? Can that be negotiated?
    3. Is the $2,836 reduction off of MSRP a good reduction? How much profit is typically built in? I think I have read that about $4,000 is built in. Should I push to get even more of a reduction?
    4. From what I have read in this forum, the money factor they quoted me is high. Is 0.00155 the standard for the 535? Will that change in September?
    5. He gave residual value dollar amounts but I am not sure what number is used to calculate it. I would like to know what the standard percentage is and see how these numbers match up. Do you use the MSRP or the total after taxes and fees to calculate the residual value?

    I would appreciate any other insight?
  • rbrrbr Posts: 106
    Waid -- A "dealer package" may be some sort of minor dealer installed things or prep things ... just ask them for that and then probably say no thanks. The $475 processing fee is ridiculous unless it has something to do with a lease inception fee. For instance (and although I know I could have fought it), my dealer has a $99 processing fee. Processing fees or whatever are just added profit for the dealer. The money factor is definitely higher than the official BMW rate which I think you have stated correctly.

    You should negotiate a price based on invoice which you can figure out on the Edmunds site. My most basic advice is to not sit back and just try to justify their price. Make him an offer that is maybe $1000 or less over the invoice price and make that your cap cost on the lease, and state that you want the official lease rate of .00155 (.00165 for an X-drive), and dont be shy or defensive doing it. Also, you may want to get a quote at both 15,000 and 12,000 miles. The deals on the 2010s will likely only get better as we get closer to the new design which I guess is estimated to arrive mid year 2010.
  • djwajdjwaj Posts: 1
    Hey guys, I'm new to this so please bear with me. I went to lease a 2010 528i base sedan and the MSRP $46,625. 36 months,12k miles. Total out of pocket at signing $2100 and $600 a month including taxes. How good or bad is this deal? I would appreciate any tips or suggestions.

  • djwaj,

    not you know what the money factor is? I just leased this past Wed at BMW of Mountain View, CA a 535i with M/package for $980 a month at .00175 based on $500 over retail with all bells and whistles. Cap cost = $60,920. Probably could have gotten .00155 but it's a 2010. Had to get prepaid miles too because I drive an insane amount per year hence higher payment. I think you can negotiate the money factor as well. Good luck.
  • That still seems a bit high, depending on where you live. You should ask what the cap cost of the car is and what the residual and rates are.

    To give you an example, on paper, I'm looking to get a 2010 528i msrp $52,875. Since I'm in SoCal, I figure to get the car at 500 over invoice, (49,150) which will end up being $692 a month (including la county sales tax) with nothing but out the door costs with 10k miles/ year at a .00145 and 61% residual.
  • We're at 58% residual in the Bay Area I think. I had to get 23K miles per yr.
  • jeffaljeffal Posts: 28
    Here are a few lease quotes I received on a 2010 528i sedan (MSRP: $55,000)

    The terms were: $0 down, 10,000 miles per year, 36 months
    And the taxes were included in the payment:

    Dealer 1: $759/month
    Dealer 2 : $767/month
    Dealer 3 : $779/month

    I don't feel right paying over $9,000 a year for a 528i when the competition is offering more value for your dollar. The terrible crash test results on the 5 series aren't helping things either, but for some reason I'm still drawn to the car.
  • mineshgmineshg Posts: 6
    I would appreciate if someone can let me know the leasing price for the following:
    BMW 528 xi (X-drive) with premium package, navigation and park distance control.
    I would like to lease for 36 month for 12k miles/year. I would not like to put any money for down payment. If i go with $0 down payment what would be the best deal ie $/month? I live in jersey city, NJ. Please advice.

    I got a quote from a dealer for $650/month (with $3000 down payment) for the above mentioned specification. Can anyone suggest whats the best deal I can get on it.
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