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

1132133135137138210

Comments

  • rinku666rinku666 Posts: 3
    I recently bought a new space grey/ grey interior with dark poplar trim 2010 bmw 528i premium package, value package, navigation, and heated seats. mileage on car 152.... MSRP: $49625.... selling price $43000 3 year lease with 12000 miles a year....i paid 2000 at signing ( including taxes, registeration, 1st month payment, msc fees.), plus 779 for the leasing protection plan.... my monthly payment came out to be 765.78 per month including taxes and everything. ( I didnt give 5000 at signing, which makes my monthly payment higher, but i gave very little out of pocket).
    Also, im in california our sales tax is 9.75%

    I'm very happy with the car. What do you think of the deal? :) :blush:
  • smithsongasmithsonga Posts: 123
    I am just amazed how different the lease deals are now.

    Back in Dec 2007, we leased a 2008 528i, $52k retail for $600/mth (24 mths, 10k miles/year) with $1800 total due at signing. 7% tax included.

    Now you have a $50k car, selling for $43k and the payment is still $765? Granted, 9.75% sales tax doesnt help.

    I think you got a great price, but the lease terms appear to stink.

    We purchased a CPO 550i with 35k miles a year ago for $35k. My monthly payment is $640 and i have a warranty until 2/2013 or 100k miles.
  • rinku666rinku666 Posts: 3
    edited March 2010
    yeah, the sales tax is pretty steep. The monthly payment before taxes is 690..
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, bchips. BMW Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2010 528i with 10,000 miles per year are .00250 and 53%, respectively.

    When negotiating your lease on this car, make sure to take the $5,000 dealer cash that is currently available on it into account.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • snake_docsnake_doc Posts: 3
    edited April 2010
    for the last 10 days, so let me do the honors.

    I loved reading the forum threads and the price discussions. My first post here, so go easy on me folks.

    My current lease is due in early May and I'm wondering if the best rebates will be available in April or is it better to wait for May (in terms of manufacturer rebates, more low mileage demos) ? I'm the san fran bay area and very tempted to get a 5 series BMW (528 / 535xi).

    Thanks y'all!!
  • jayriderjayrider Posts: 3,250
    My local bmw dealer puts his demo's up for lease/sale twice a year. Spring and November. Ask yours when the loaners go on the block. Check the new lease payments and see if it's worth it. The new 5 series coming out makes evaluating the numbers more difficult.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Welcome snake. BMW's current lease incentive program is scheduled to run through April 30th. It is difficult to say what its May program will be like at this point. Last year BMW enhanced its April programs for May, but it was not providing nearly as much support then as it is today. If I had to make an educated guess at this point, I would say that BMW's May programs will be about the same as its current one. However, that is only a guess...they could be better or they could be worse.

    If I had a lease that was scheduled to end in early May that I had to replace, I personally would probably play it safe and pull the trigger on a new BMW some time in April, but that's just me. The current program is attractive enough for me to justify getting a new BMW in April.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Real simple question (I hope) - In Miami and looking at a 535 with value pack and a few extras for $52k sticker price. With a 60 month lease and 15,000 annual miles, and with current April rebates, what should I be looking at for a good monthly lease payment with as little down as possible ($1000)? I am returning a leased 335 in excellent condition.

    Also, are least terms more favorable withth e 535s currently than with the 335s?

    Thank you
  • mmjonesmmjones Posts: 3
    In reading at the latest posts, I'm curious to know how the dealer incentives mentioned (5K / 6K) apply to a deal I was offered today on a 2010 550i GT:

    MSRP: $74,075
    Negotiated price: $67004
    Residual 60%
    $3000 due at signing (first month payment, 1K + fees)
    Monthly payment plus tax in CA: $962

    For the life of me I can't recall the Money Factor but if anyone can provide input as to if this is a good deal, or not, I would appreciate it!
  • Sorry, this should read 36 month lease, not 60.
  • shyamyshyamy Posts: 23
    Doesnt seem to be a good month for leases...at least around here!

    My dealer quoted a mf of 0.0027 and the residual of 51% for 10,000 miles on a 2010 528i.
  • ardentaznardentazn Posts: 14
    Hello Car Man,
    I am interested in the 2010 535i. I was wondering if you can provide me with the MF and residuals. Are those numbers universal (across all dealers)? Thanks!
  • willfinewillfine Posts: 6
    edited May 2010
    To shyamy: Mine quoted those rates on 10,000 miles too, but there are signifcant incentives to make up for that. A $1500 loyalty rebate and $5000 in marketing support to the dealer.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello ardentazn. BMW Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2010 535i with 15,000 miles per year are .00230 and 46%, respectively.

    When negotiating your lease on this car, make sure to take advantage of the $6,000 dealer cash that is currently available on it.

    These programs are national, so they should be the same at every dealer.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • ghstudioghstudio Posts: 931
    edited May 2010
    You have to really love the 2010 to buy a car that only has a 46% residual in 36 months...and at a rate of 5.52%. The discounts may look wonderful, but if you don't understand leasing, these rates are terrible.

    For example....let's take a 2010 msrp $55000, dealer gives you $1000 off plus the $6000 dealer cash.....no money down on the lease...your monthly payment will be about $830 plus tax (note: with money down which is how they always want to quote the deal, it will be less monthly, but pretty close to the same overall cost at the end of the lease which is what you really care about).

    Now take a 2011 with $55000 MSRP....same money factor/rate (ugly, but it is what is is), nothing off the car...buy at msrp. But residual after 36 months is 56%.(I'm guessing, of course...no way to guess what BMW will put on the car).....but the monthly lease payment will be about $900 a month.

    You might just want to wait for that 2011....and pass up the "wonderful deal" on the 2010.

    The key to this is the residual value. The 2011 should really hold it's value very well based on everything I've read.

    If you are going to compare leases, always compare based on no money down....just the first month's lease payment plus taxes title, registration....nothing else (bank fees, dealer fees, administrative fees all get rolled into the lease). Dealers hate to quote that way...it may take you three tries to get that number from your salesman...but get it. NO MONEY DOWN UP FRONT.....
  • What do you mean they don't want to sell you a car? It sounds as if that is your choice.
  • ghstudioghstudio Posts: 931
    If you are considering leasing a BMW, make sure you understand multiple security deposits and why they are far far better than making a down payment. Don't rely on your dealer to explain....very few seem to even know they exist and most of those who do, don't understand why it's a good deal and try to talk you out of it.

    Yesterday, I visited my local BMW dealer....salesman never heard of MSD's and the finance manager said...oh that's a terrible way to use your money.

    It may be poor for him, but if you are comparing a $4000 down payment to using that same money on multiple security deposits, you would save over $1000 on your lease using multiple security deposits...with less risk, by the way. It's part of the BMW leasing program....just not understood.

    .
  • suznsaxsuznsax Posts: 9
    Hi Car_man - where can I find the June money factor/residual for 535GT?
    Many thanks
  • rich6rich6 Posts: 3
    need help - what is the best lease deal for the new 535 bmw.
  • mjopprumjoppru Posts: 14
    Carman, I could use a little help.

    Dealer is trying to get rid of the final '10 BMW 535 sedans.

    MSRP is $53,375. Residual is 49% on 10K mile lease for 36 months.

    $5995 total drive off with $548+tax/month. Tax is 8.75% in Orange County, CA so the payment would be $596 per month with $6K total down.

    I'm sure I can rework the payment to put less down and get to about $700/month with about $1800 down.

    I'd like to go with a 2010 model over the 2011 because the residual is much lower (about $8K) and the monthly payment is lower. I think I'd like to buy it at the end, so I like this option better.

    Do you have the money factors for June? I think I might be able to steal it.

    Thanks Mark
This discussion has been closed.