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BMW 5-Series Lease Questions

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  • speedynkspeedynk Posts: 5
    Hi
    Do you have the rates for 528i in S.Cal for 36 months 12 miles.I see a previous post mentions a $6000 discount plus loyalty - the rates last month were better for 528 v. 535 - hope they're still the same

    Thanks
  • jayriderjayrider Posts: 3,252
    I figured a lease on a 2011. Guessed at .00125 mf and 54% rv. $500 over invoice cap cost and rolled in the taxes and 1300 inception fees --came up with about $854. Just guessing on the numbers. Looks like $75 more for the brand new whiz banger. If you can afford it -- why not. For $2700 you get to ride for 3 years in the next best thing. :shades: If the lower lease is in the ballpark go for that. I am guessing so I could be wrong. :confuse:
  • So I pulled the trigger tonight on the demo. I was told that it was actually the manager's car, not the loaner given to customers. Met the manager who confirmed it was his car, which makes sense because the loaners have less options. Car is mint.

    Trying to understand the numbers is no easy game on a lease, even when I ran them through a lease calculator on my iPhone and on the web. One reason the numbers get weird is because of the miles already on the "new" car and the effect on payment. I found that hidden item deep in the dealer's lease screen when we kept trying to see why my numbers were different.

    So here's what I leased: 2010 535xi, Saph. Black, Saddle Brown (not many of those around for sure) with 4,000 miles on the car. Options include Prem, Value, Nav, Sport, Comf. Access, Prem Audio, Sat, Rear Sunshade. MSRP is $61,645. Inv was around $56,895, SP is $53,900 less $6,000 factory cash plus $1,500 loyalty. MF .0025, Resid 48% on 15,000 miles/yr. Sales tax 8.625% in the lease.

    Mos. payment $785. I know the numbers seem off compared to a lease calculator, but I did shop around and was not seeing better numbers, never mind that I would not have wanted to pay a whole lot more for all the features.

    Had I leased a brand new 535xi with Prem, Value, Nav, Sat the payment would have been $780 on a $500 over invoice deal. Probably could have knocked a little more off that price.

    So, my feeling is that I got a lot of neat features on a sharp car for just a few dollars more per month. Since BMW provides free service, I can live with the 4,000 miles on the tires given the discount.

    I will pickup at the end of the month when I turn my 07 530i in. I'm looking forward to the bigger engine and creature comforts on the new BMW.

    Thanks for the help along the way. At least I don't have to do this again for 3 years.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for, speedynk.

    BMW Financial Services' new March buy rate lease money factor and residual value for a 36 month lease of a 2010 528i with 12,000 miles per year are .00250 and 52%, respectively.

    I believe that BMW is currently providing $5,000 dealer cash plus the $1,500 loyalty cash on this car and that both of these cash incentives are compatible with the above lease program.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • jayriderjayrider Posts: 3,252
    Glad you are happy with your new ride. You should be. Just a comment that may clear up the numbers mystery. I've had several long discussions with the local bmw dealer about the loaners he puts up for sale -- usually in july and december 4-5k miles. He said when they are leased they do the numbers on that specific car with a formula from bmw. He said they are usually $100-150 less per month than new. Each one is a bit unique because of miles and equipment. Since you got 15k miles instead of 12k, you got a great deal.
  • Jayrider,

    Thanks for the response. I was afraid to ask what you thought of the demo deal. The salesman did say that the car I leased were it not a demo would lease close to $900/mos on a $500 over invoice deal whether with Feb or March lease program. So in the words of James Brown: "I Feel Good".

    He said that since 2011 5 series will not have Xdrive until the fall, the 2010 inventory will still go fast and way before an Xdrive is available for anyone else coming off lease between now and the fall. Not to mention what the pricing will be on the new model the first few months.
  • jayriderjayrider Posts: 3,252
    Your deal confirms what my dealer said -- $115 saved per month --$4140 over 3 years. Now you can afford crown royal with those nachos instead of bud light. Ain't life grand. :)
  • speedynkspeedynk Posts: 5
    Thank-you for that prompt response - the leasing numbers are terrible- in comparison to the Feb rates and taking the $5000 dealer cash into consideration,my payments would go up $10!
    My current 528 lease ends end of April and I need my payment to go down - maybe its time to look at the Acura TL
  • mobilejaemobilejae Posts: 15
    I pulled the trigger this past weekend. I returned my 2008 328i convertible lease in and only had to pay $200. There was a scratch running all the way from my right front fender to the right rear fender. I had dings on the rims and other wear and tear. The salesguy at the dealer did not play any games. Gave me on 2010 528xi car that was MSRP $51,770 for $48,500 with 63% residual and .00195 MF. Included all the upfront fees in the lease and only paid $1K (doc fee and 1st month lease fee) and drove the car off the lot. I chose to pay more on the monthly then pay upfront. Cool sales guy. This site helped me tremendously!
  • m34lnchm34lnch Posts: 9
    Hi Car_man,
    According to Edmunds, there is build-out cash of $6000 on the 535i. But apparently it cannot be combined with leases, is that true? Is there any dealer cash (other than the Spring money) that we can combine with leases?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, speedynk.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi m34lnch. What you read is incorrect. The $6,000 "build-out" cash IS compatible with BMW Financial Services' lease program.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hello Carman,

    I'm interested in leasing a 2010 M5 (36 months, 12k miles). Do you have current information on the MF and residual? Also, are there any current dealer or factory specials or programs that I should be aware of?

    Many thanks.
  • speedynkspeedynk Posts: 5
    Hi Car man
    Has the build out cash been increased from $5000 to $6000?
    I also have a general question- how can sales tax be charged (in CA) on a manufactures cap cost reduction which is marketing term for a discount?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Nice car. Here's the info that you're interested in, djaystone. BMW Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2010 M5 with 12,000 miles per year are .00250 and 42%, respectively.

    While this car's lease program isn't great, BMW is providing a solid $7,500 dealer cash on it right now. Make sure to take this cash into account when negotiating the capitalized cost.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey speedynk. BMW is now providing $6,000 dealer cash on the 2010 535i. This cash is compatible with the special lease program.

    I am not personally familiar with how sales tax is calculated on leased vehicles in California, but you may be able to find out more information on this subject by visiting one of the following sites: California Franchise Tax Board or California Department of Motor Vehicles.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • sam911sam911 Posts: 13
    MF and RV 52% eating away the 5000 dealer incentive..
    NJ area
    asked my BMW dealer friend what i am looking at price of 528xi with value package finla price after taking 5000+ 1500 loyalty.
    the price is 45-46 otaly rediculous....the dealer want to keep the 5000K completly
    ( let them keep the car and they do not get the incentive unless they sell)
    sound gready

    might as well I wait for the new 2011 car (at least the RV will be 62 after 3 y)
  • bchipsbchips Posts: 3
    Hi Car_man-

    Any word on MF & Residuals for the following:

    2010 528i

    I was quoted .00250 and 52% for a 36mo/10K miles. Just wondering if that's legit and if anyone has found anything better out there.

    Thanks so much!
  • Wow, what a nice step-up from my 07 530i. So much more power and new creature features. The 07 was non-nav and had Prem, Sat & heated seats. The new boy on the block has Nav, Sport Pack, Prem, Comfort Access, L7 & Rear sunshade, Saph. Black, Nat. Brown.

    The car is significantly quicker. The Nav is interesting and takes a bit of time to really get good at...and I am not challenged by tech, but the new iDrive is definitely different and has a learning curve. I have my phone paired but had double, triple entries and had to really clear out my contacts as it transferred ALL contacts. I have loaded parts of about 14 CDs into the music collection and still have 95% free space.

    Minor observations so far, the iPhone cable will not charge my iPhone 3gs. I am having salesman speak to service as I found a TSB about this. The other strange thing is that the USB port in the glovebox will not recognize my USB stick, thus no upload from USB stick. So I have been transferring in via CD drive.

    L7 sound is significantly improved over my std 07 audio.

    Rear sunshades which I never would have ordered do black out the car pretty nicely.

    I still have to get used to where all the buttons are around the controller and start programming the 1-6 buttons and set up my Sat Favorite stations.

    I'd say that's pretty good progress for one day...too bad I have to go to work soon.

    My deal was described back about two weeks ago on the board. Basically it was the manager's car with 4,000 miles on it and leased for 36 mos at $785 with no money down except 1st, title, bank, DMV fees. 15,000 miles, MF was .0025, Resid. was 48%, Factory discount $6,000, loyalty 1,500 and dealer price about $2,300 below invoice, NY sales tax for me is 8.625. Bottom line car was never titled; had I leased a never used with less features it would have been $780, to me it was a no-brainer.
  • cityboy2cityboy2 Posts: 22
    Sounds like a very nice deal, but what is your monthly payment? I'm looking for the similar model. In what area are you in?
This discussion has been closed.