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BMW 5-Series Lease Questions

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  • new2011535ilanew2011535ila Posts: 4
    edited July 2010
    Here's the offer I received, and am picking the car up tomorrow in LA County. After reading this blog, I think I received a fair deal considering my car is here, and the incredibly limited inventory at this early time...however, please offer any advice...

    2011 535i, MSPR $61,575
    36 month lease, MF = 5.88% (0.00245)
    60% Residual
    12000 miles/year
    $3000 discount
    $1797 drive off
    willingness to reimburse me a per diem of remaining days on my current lease from a different auto maker (lease expires 7/13)

    And, I'm wondering about is a $925 'bank fee (cap)' I noticed on the sales reps screen?
  • kyfdx%40Edmundskyfdx%40Edmunds Posts: 25,856
    The $925 bank fee is the acquisition fee.. They have marked it up the $200 maximum allowed from the $725 base fee...

    Are you not making a security deposit? It looks like the money factor includes an extra .00015 for the SD waiver... You could knock $15/mo. off your payment (savings of $540) by making a refundable security deposit of $800 or so (refundable... you get it back in 36 months)..

    What's the payment?

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • thanks for your help! the payment is $980.22, but that was before I'd talked the price down another $1000...so that payment is based on a cap of $59,575. What amount is standard for a security deposit so to bring down the money factor? is that $200 mark up on the aq fee negotiable? ...I guess everything is negotiable! I think I'm getting a fair deal, but of course will work these other angles you've raised. I'm a sales person myself, and looks as though the dealer adds a bit of money on other points perhaps so easier to reduce at what us buyers concentrate on most, the cap?!
  • kyfdx%40Edmundskyfdx%40Edmunds Posts: 25,856
    Sure... the $200 is negotiable.. Usually, when you see the mark up on the acq.fee, then you see the MF marked up, as well.. But, not seeing that in this case...

    The security deposit is the total payment, rounded up to the next $50 increment...

    Do you have a breakdown on the money due upfront? Is the $59575 the net CAP, or are there additions to that amount?

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • thanks to my iPhone camera, I have a shot of his screen (he stepped out for a moment, so I acted!)

    line 11: Bank Fee: $925
    line 19: Monthly Payment: $980.11
    line 20b: base payment: $893.04
    cap reduct tax, use tax and bank fee tax, all 9.75%
    dmv: 761
    doc fee: 45
    Ca tire: 7
    due at start: 1797.50

    reminder : this was prior to a renegotation resulting in another $1K off cap
  • oh...re ur cap inquiry...

    cap 59,575
    adjusted cap 60,500
  • kyfdx%40Edmundskyfdx%40Edmunds Posts: 25,856
    At a cap of $60,500, I get a pretax payment that matches your $893...

    An extra $1000 off saves $30/mo., pretax..

    Making the security deposit lowers the payment by $14.50 , pretax...

    I wouldn't worry about the extra on the acq.fee, it all goes to the same place.. If you concentrate on the selling price, you can simplify things... Wouldn't hurt to ask for another $1000... All they can say is yes, no or meet you halfway... :)

    Moderator - Prices Paid, Lease Questions, SUVs

  • bluethunder10bluethunder10 Posts: 3
    edited July 2010
    Hi All,
    I am trying to get out of my lease of 08 BMW 535i 36 month lease with close to 15 month Left.
    Car is loaded with Navigation, Wood trim, winter package, premium package.
    My monthly payment is also very very low Just $585 a month includes tax.

    Now I am not sure where & how can I transfer my lease.
    I am in NJ.

    Thanks for help.
    anujsharma10@yahoo.com
  • gvitalik1gvitalik1 Posts: 28
    What exact options and packages you have on it? What color combo? What was MSRP?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're very welcome, ML. Here's the information that you're looking for.

    BMW Financial Services' July buy rate lease money factor and residual value for a 36 month lease of a 2011 535i with 15,000 miles per year are .00230 and 58%, respectively for consumers who qualify for its top credit tiers.

    Here's the details of BMW FS' new rate structure for anyone who's interested (effective immediately):

    Super Elite / Elite / Standard Tiers
    Published rates
    675+

    Standard Plus
    640 - 674
    + .00020

    Progressive
    601 - 639
    + .00040

    Progressive Plus
    Under 600
    + .00060

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • ml100ml100 Posts: 3
    Thanks again, Car_man.

    Just to confirm: the residual on the 10K per year on 2011 535i is still 61%, right? That is what it was in June, and I am aiming for the 10K limit.

    Best,

    ML
  • drgumsdrgums Posts: 51
    I just got word today that from 2011 forward the 535xi will no longer be offered with a manual transmission in the US market.

    My understanding is that this might be the case with the 550 as well.

    I am not a happy camper
  • flbimmerflbimmer Posts: 12
    what would the mf and residual be for a 12K lease?

    thanks, mine is on the boat already!
  • nameseannamesean Posts: 8
    Yes, it is the 2011, sorry for that. I assumed that was obvious for a lease, but forgot about the old body 2010 still around, I apologize.

    So that is it? Basically lets cut to the "chase" :)

    $799 a month for a pretty stripped 2011 535i. "Okay deal", but I could get $30 dollars more per month off, or some additional options. That's the felling I get.

    Also, not related - but interesting, if you looked at BMWs website, the teaser lease numbers a month ago for a 2011 was $609, then $629 now its up to $649.

    The same increases with the 528i. Not that I care, as that is with all that money down and taxes, but just pointing that out.

    Anyone else get any monthly payment lease numbers on a 535i?
  • bmwmrc1bmwmrc1 Posts: 16
    Car man, what can I expect to pay for a new 2011 528i with top tier credit? I've used the money factor.

    Here is what I want:

    528i w/ premium package 1, xenon, ipod, and metallic paint. The MSRP is $49,075, and the invoice is $45,185.

    I would like a 3 year lease, with 12K miles per year with 0 down.

    Thanks again.
  • bmwmrc1bmwmrc1 Posts: 16
    Car man or anybody:

    I'm looking to get a 2011 528i. A lease with 12K miles per year.

    If the money factor is .0023 and the residual is approx. 25,028 with $1,000 deposit, can I expect to pay around $715 per month? Is that right?

    Thanks.
  • nameseannamesean Posts: 8
    bmwmrc, I dont mean to state the obvious. 528i's are not here yet.

    I have not seen or heard of a 2011 - 528i anywhere in the USA. They are not yet here and wont be for months says 2 BMW dealers.

    Also, the first ones that come out, will have a few options, as they move (sell) no matter the upgrades or options. But yes, I think $725-$750 you could get it done. When the car gets here.

    Have you called a dealer, spoken to anyone?
  • blastphemyblastphemy Posts: 34
    edited July 2010
    Hi, Car_man! If you have the information, please tell me what the current lease rates are for a 2011 BMW 550i (money factor, residual, any conquest cash, etc.)

    Thank you!
  • bmwmrc1bmwmrc1 Posts: 16
    namesean, actually they are out. At least out here at Crevier BMW in Orange County, California. They have a silver one in and they're getting six more in this coming week. They're all 528's.
  • flbimmerflbimmer Posts: 12
    the teaser rates have like 3-4K down or cap reduc.....no one should ever lease IMO with more than fees and first month down, why, id youhave the cash today, why not keep the 3K in your checking act and pay the extra $30/month or whatever.....anyway the best i got is on a 535 36/12 with just fees down, incl first(approx 2K out the door) and $800/month plus tax, 58500 sticker.

    my current 2008 535 with a 56K sticker was 1900 out the door 30/12, for $700 with tax, so this is a huge increase..i also learned as of this month you better have top tier, like 720+ or the rates are much higher!!!
    (current bmw lessee rates)

    car man-does this sound like a decent deal?
This discussion has been closed.