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

1130131133135136210

Comments

  • You get it back. It is a great car
  • I just leased my second 5 series and posted seven extra security deposits with each lease. I had no problems with the return of my first car and I am getting a full refund from BMW. These guys treat their customers the best in the business. As long as you return the car with normal wear and tear - I really think you will be fine. Good luck.
  • hithit Posts: 26
    I picked up my 535xi.

    Thank you for the help guys, your help saved me thousands and put me into a beautiful car. :D
  • Hi,
    Hi all - I have an opportunity to take over a lease- 2008 535xi fully loaded-6k miles- 6 months left on the lease- the car has some scratches on the Bumper, i have some doubts that is that when we return the car to BMW at the end of the Lease term, is BMW will charge us for the Scratches on the Bumper and can any one can tell me how should be the Car when we return the Car at the end of the Lease?

    Thank you
  • What you were told is correct, mobilejae. BMW replaced the holiday bonus cash that it was providing on a number of models with improved money factors.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I am thinking about leasing a 535xi with Prem, Value, Nav, Sat, which Edmunds shows invoices for $53,095 with MSRP of $57,670. Salesman says his invoice is $53,990 and says he is using $500 above invoice to calc. lease sales price ($54,490). Salesman claims Edmunds invoice price is not right but yet he agrees MSRP is correct (since I can see it on the window sticker). He shows me the "card" from which they key in the lease info with the invoice price on it, but I am more than a little skeptical. Any thoughts? :confuse:
  • Besides the new 535xi that I looked at in my prior post the dealer also has a 2010 demo 535xi with 4,000 miles on it loaded up with Nav, Prem, Logic 7, Sport, Comfort Access, Park Distance, Rear Sunshade, Value all of which makes car list for $61,395 and invoice as per Edmunds for $56,490.

    If I lease I will take 15,000 miles a year for 3 years and will not go over the 50,000 mile warranty.

    What do you think a reasonable price should be since the car is not "new"? I have no idea how to determine what is fair for the demo car since they say they would sell a brand new 535xi with less options as per my prior post for about $500 over invoice...if I can get the real invoice price out of the salesman since he disagrees with Edmunds invoice price.

    Salesman asked if I would take the demo for the same price as the new one equip with Nav, Value, Prem and Sat.

    Thanks for the help.
  • hithit Posts: 26
    edited February 2010
    When I was shopping around a few weeks ago for my 535xi, I was being offered demo cars for invoice by the dealers... The dealers are being pretty tight on the 5s because of the new models coming out shortly, and they stopped production of the xdrive 5's until fall when the new ones come out --- meaning low supply, a higher demand, and thus more of an advantage for dealers to be stricter on the pricing.
    With that in mind, know that the economy is effecting them as well, and they are more open to negotiations because they are moving a lot less cars.

    (I got a new 535xi for a few hundred under invoice a couple weeks ago)
  • jayriderjayrider Posts: 3,203
    When you lease a demo, the mf and rv are formulated by bmw specifically for that car. The numbers for new leases do not apply. Whether that's good or bad is anyones guess. I would have to save $200 per month vs new to look at that deal.
  • I had no idea that the mf and rv might be different on the demo model of the same year. The salesman made a point of telling me that my mileage allowance starts with the miles on the odometer (as if zeroed out). I think he was asking if I would be interested if the monthly payment were the same. I like to analyze the deal, so knowing the underlying numbers, ie the selling price of the car for the lease helps me determine if it is a good deal.

    Why do you say save $200 per month to look at the deal on a lease of a car that's only got 4,000 miles on it. How much in terms of selling dollars do you think that would equal if I could get a new 2010 for about $500 over invoice (less options).
  • jayriderjayrider Posts: 3,203
    I am saying $200 less on the demo vs new from my personal perspective. Can't talk for anyone else but someone else put the first 4k miles on the car which detracts from it's desirability to me. Also bmw gives them money back on that car for loaner use. Can't dissect the deal but that is what I feel is appropriate based on a brief discussion with the local BMW dealer. He said that twice a year they put the loaners on sale/lease and it should save $200 a month vs new with all the perks and rebate cash. Don't know if it was true -- never went any further.
  • My sales guy is now putting fees on this lease deal. Or, at least I think he is. Here is the break down of the deal:

    2010 528xi with premium, value, and nav package

    MSRP $51,775

    Selling price: $49,720

    Dealer acquisition fee: $725
    Documentation fee: $369

    MF: .00195
    Residual: 62%

    Wants me to start the lease by paying:

    1702 Tax
    508 registration fee
    725 acquisition fee
    369 doc fee
    659 1st month

    $3,963 one time then $659/month for 36 months.

    He says that the dealer will make $800 off this deal.

    He also mentioned DAC fee (fee for BMW advertising on tv).

    I'm so tired of dealing with this. Is there any dealer out there that could really give me an honest decent deal?

    Damn.
  • jayriderjayrider Posts: 3,203
    edited February 2010
    comments; 1. the acq fee is kosher but the doc fee may be a bit high. Illinois caps those at $152. The bigger issue is the selling price. Every 1k you save off that saves you about $30 per month. According to truecar there is another 1k or so you should be getting. That is because the 5 will be replaced in a few months. On the other hand there probably aren't too many 528xi's around so maybe you could split the difference. If your lease payment is close to 1% of msrp before fees and taxes you are doing ok. Yours is 1.3% which not very good but not horrible in today's poor leasing climate. Just watch the fees. One site mandvleasing dot com has a zero down 535xi for 605 per but only 10k miles. Check them out or other leasing brokers. Check weleasebytel as well. Free quotes. I ran your numbers and came up with 648 per month before any fees.
  • hithit Posts: 26
    Where are you?? I can recommend the dealer I picked my car from in NJ if you need, pm me.

    I was pretty tired of shopping around and wasting time on trying to get the car as well, but it paid off at the end -- got a great deal on my 535xi.
  • Hit,

    I don't see a way to PM you from this forum. You can email me at jakekim1@gmail.com. I live in Teaneck, NJ. Your help will be much appreciated. Would you believe it, yesterday my right rear tire went flat. They are runflats and will cost $400 to replace before I send the car back in for the end of the lease...
  • If anyone has this info, it would be greatly appreciated as my lease is up this month and I am hoping to see some improvement in the 535xi mf or incentives. Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi bmwagainmaybe. Here's the information that you're looking for. BMW Financial Services' new March buy rate lease money factor and residual value for a 36 month lease of a 2010 535xi with 15,000 miles per year are .00230 and 48%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • jayriderjayrider Posts: 3,203
    5.52% mf and 48% rv = bad lease numbers. Probably a much better buy than lease.
  • Salesman just called and advised March 2010 535xi with 15,000 miles program as follows:

    MF .0025
    Res. 48%
    Factory Cash $6,000

    So here's the question what should the price be for the car. He says MSRP is $57,470 and SP is $53,900 minus $6,000 = $47,900 plus I get $1,500 for loyalty as cap cost reduction.

    Edmunds shows Invoice as I equip. at $53,095 including $875 destination charge. Salesman says destination is $1,375. Thus he says he is selling car for $500 above invoice.

    Payment with 8.625% sales tax rolled in is $780/mos.

    Should price be lower??
This discussion has been closed.