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BMW 5-Series Lease Questions

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  • Just got this deal done on an ordered 2013 535i xDrive for my friend who is coming out of his BMW lease in 6 weeks. Timing worked out perfectly. He's getting the Premium package, Cold Weather package and navigation. MSRP is $60,945 and we got the car for $54,828 minus the $1,500 allowance and $750 loyalty. All in all its about $8,400 off sticker. Money factor .00130 and residual 62% with 12,000 miles. Just first month, bank fee and DMV due at signing $1,531.99 and $579.49 a month. He's currently paying $543 per month on his 2010 328i xDrive. Crazy right.... Here are the details below

    CUSTOMER DISCLOSURE
    Customer Name: Inside Car Buying WD Deal ID: 47311
    Sale Vehicle: New 2013 BMW 5 SERIES 135D 4dr Sdn 535i xDrive w/AC , Automatic , Odom: 0


    Payment Details
    Term 36
    Base Payment 579.49
    Total Payment 579.49
    Purchase Option 37,785.90
    MSRP 60,945.00
    Est. Miles Per Year 12,000
    Disposition Fee 250.00
    Excess Mileage Charge 0.20

    Amount Due at Signing

    1st Month Payment 579.49
    Acquisition Fee 725.00
    Fees & Insurance 227.50
    Total Inception Fees 1,531.99
    Rebate as Cap Reduction 2,250.00
    Total Drive Off 3,781.99

    Total Cash Required on Delivery 1,531.99


    Tax Information
    Customer State: New York Customer County: WESTCHESTER
    Type Amount Rate Paid
    Cashdown Tax 224.94 7.3750 Capped
    Upfront Tax 1,533.28 7.3750 Capped

    Fee Information
    Description Amount Paid
    Reg 130.00 Upfront
    Insp 10.00 Upfront
    Title 12.50 Upfront
    DocFee 75.00 Upfront
  • Thats a great deal. My current lease expires in few months and was looking for 535xi as well. Can you please guide me how did you negotiate on 8,400 off sticker. I would get 750 loyalty and 1500 incentive on 5 series. Any help will be appreciated. I'm located in middlesec county, MA. Thanks in advance.
    Enjoy new ride.
  • I shopped every dealer BMW dealer within a 75 mile radius until I found a desperate dealer ready to give a car away! There is always one of those out there...
  • jcwcali1jcwcali1 Posts: 2
    edited February 2013
    Just ordered the above 3 year Lease. Here is the deal: MSRP$66,245.00. (Do not have deal sheet in front of me but took advantage of BMW incentives of eco credit $4,500-BMW cash $1,500 and dealer discount) crummy residual of 55% and mf.00130. This car is subject to CA 9% tax. Total drive off of $5,000 and will pay 35 payments of $670.00 including tax. It seems like a good deal to me, what do you think?
  • jcwcali1jcwcali1 Posts: 2
    edited March 2013
    Revise past post, 58% residual, received $9400.00 of MSRP from BMW and dealer. New Lease cost $625 a month inclusive of tax with $5m down.
  • vascovasco Posts: 16
    Does the $1500 dealer rebate come out of the $2500 down thus you are only paying $1000 down? Can you please clarify?

    I am looking for a 535I, M sport with Cold and Tech Package for 36 month lease, do you have the March numbers?

    Vasko
  • vascovasco Posts: 16
    2013
    BMW 535i
    Jet Black with Black Dakota Leather
    Premium Package
    Technology Package
    M Sport Package
    Rear View Camera
    Heated Front Seats
    Park Distance Control
    Premium Hi-Fi
    MSRP $64,220
    Selling Price $58,499
    36 months
    12k miles
    $2205 Due at signing
    $644.92 + tax

    Residual $39,870
    Money Factor is 0.00130

    is this a good deal, located in Southern California
    Thanks a million for all your input and comments! :)
  • vascovasco Posts: 16
    edited March 2013
    There is also the following offer on the table:

    535 is Carbon Black with black leather and has these options.
    2TB 8-SPEED SPORT AUTOMATIC
    ZCW COLD WEATHER PACKAGE
    ZDA DRIVER ASSISTANCE PACKAGE
    ZMP M SPORT PACKAGE
    ZPP PREMIUM PACKAGE
    609 NAVIGATION SYSTEM
    6NR BMW APPS

    36 months
    12k miles
    $2412 Due at signing
    $615 + tax = $665

    MSRP :$ 64745
    Discounted Selling Price: $57720

    Residual %62
    Money Factor is 0.00130

    Which one of the 2 makes the most sense? Thanks for your help and input.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi rudycassap. That' between you and the dealer. The more unusual the car you want, the more likely it is that they'll want to keep your deposit because it might be more difficult to sell off of their lot.

    Keep in mind though that even though a dealer may tell you that a deposit is refundable, having them say that and getting them to physically give you back your money are two different things. It's often pretty hard to get money out of dealers. I personally wouldn't order a car unless I was really, really sure that I was going to take delivery of it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi dman69. BMW Financial Services' current buy rate lease money factor and residual value for a 26-month lease of a 2013 Active Hybrid 5 with 15,000 miles per year are .00130 and 55% for consumers who qualify for its top credit tiers.

    When negotiating your deal, make sure to take the $6,000 in cash incentives that are available on this car into account during your negotiations.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi bocabmw. BMW Financial Services' current buy rate lease money factor and residual value for a 24-month lease of a 2013 535i Sedan with 15,000 miles per year are .00130 and 66% for consumers who qualify for its top credit tiers.

    The numbers for an otherwise identical 36-month lease are .00130 and 60%.

    The residual values for leases with 12,000 miles per year are 2% higher.

    There is a $1,500 cash incentive on leases of this car.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings ntlwhsle. BMW Financial Services' current base lease rate and residual value for a 36-month lease of a 2013 M5 Sedan with 15,000 miles per year are .00130 and 49% for consumers who qualify for its top credit tiers.

    I don't think that BMW is offering 39-month leases on this model right now.

    Make sure to take advantage of the $1,500 cash incentive that is currently available on it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • jzaid84jzaid84 Posts: 3
    I am shopping around for a lease on a BMW 528i. I prefer the M-Sport, the Tech, and the Premium Packages.

    I need a minimum of 18K miles a year, with a preferred of 20K miles a year.
    Term length would be 36 months.

    What would be the residual on that? What about the money factor?
    I am wanting $0 due at signing; all fees built into price.

    I am in Texas, so taxes here are 6.25%
    What would be a good amount, other than incentives, to argue for? Right now on leases, I would get $2250 in incentives. How much can I get the dealer to discount on top of that?

    What fees should I look for that are "miscellaneous" and unnecessary?
    Thanks in advance for all replies!
  • tjk1938tjk1938 Posts: 1
    In Florida it appears that all dealers charge a $599 dealer fee. Does anyone know if that is a fee that dealers are willing to waive?

    Thanks
  • pharlappharlap Posts: 1
    edited March 2013
    Are the MF and residual the same for a 550xi? Am interested in the numbers for 36/12k and 36/10k.
  • envy1922envy1922 Posts: 1
    Just wanted to know if this was accurate/good deal:

    528xi 2013

    MSRP $50,100

    Package/Options
    black sapphire metallic $550
    Cold weather package $950
    Premium Package $2,600
    Rear View Camera $400
    Park Distance Control $750
    Navigation $1,900
    Net Total $57,250
    Destination $895
    Total $58,145

    Sale Price $54,600
    NJ tax 7.0% (1,654.61)
    Cap Cost Reduction $2,250
    Cap Cost $54,004.61

    MSRP $58,145
    Residual 62%
    Residual $36,050
    Money FactoR 0.00130
    Term 36
    Miles 12k
    Lease Charge $117.07
    Monthly Payment $615.81
    Total Out of Pocket $1910.81
  • rh235rh235 Posts: 2
    Hi Insidecarbuy,

    This sounds great deals, could you please share dealer name . I live in westchester and plan to pick one over weekend.

    Thanks
    RK
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi tjk1938. Doc fees are pretty typical charges at dealers. I've heard that Florida is particularly bad as far as doc fees go. Having said that, just because they're common doesn't mean that we have to like them. They're really nothing more than a way for dealers to pad deals. When I come across a dealer that charges a doc fee, I look at it as part of the selling price of the vehicle. So, for example, if dealer A is charging $40,000 for a car plus a $599 doc fee, it's actually a worse deal than dealer B who is charging $40,200 plus a $100 doc fee. Look at the deal as a whole and it makes things more simple.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello pharlap. BMW Financial Services' March buy rate lease money factor and residual value for a 36-month lease of a 2013 550xi with 12,000 miles per year are .00130 and 62% for consumers who qualify for its top credit tiers.

    The residual value for a lease with 10,000 miles per year would be 1% higher.

    BMW is currently providing a $1,500 cash incentive on leases of this car through BMW FS. Make sure to take this cash into account during your negotiations.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • aj333338aj333338 Posts: 1
    hey car man-- thanks for providing all this great info! what do you think of this quote i received? i feel like there is some room in it; i would also like to add multi contour seats which is around 1300 to it. i am planning on ordering the car pretty soon and like i said, i feel that while this appears to be a decent first offering i think there is some room... here are the details.

    2013 535i xdrive
    includes: m sport, premium package, navi, heated seats, rear camera, park distance

    msrp: 65,095 (like i said i want to add multi contour seats).
    10k/36 mo
    589.47 per month with 3947.78 total due at signing (in QUEENS, NY)

    what do you think?

    thanks!
This discussion has been closed.