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BMW 5-Series Lease Questions

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Comments

  • 99_528i99_528i Posts: 22
    Thanks, kyfdx.

    Actually it was one of those end of month deal and I was able to get a $1000 above invoice for the 2007 530i. I was looking at 36-months, 12k per year, and the sales manager insisted that I have to pay the security deposit and I walked out at that point. I should have taken the deal ...

    Does anybody know what's the March MF and residual value for 2007 530i, 3 year, 12k/year?

    Thanks.

    99_528i
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi ukrainian. Yes, this car's lease money factor is lower now than when you were quoted .00185 in December. BMW Financial Services' new March buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW 525xi with 15,000 miles per year are .00150 and 60%, respectively with the payment of a security deposit at lease signing.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi lsmb. If I was in the market for a BMW and the dealer that I was working with was quoting me a marked up money factor I would tell them that I want them to use the lowest possible money factor to calculate my vehicle's monthly payment and that if they don't I will shop around until I find a dealer that will. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2007 BMW 550i in March is .00175 with the payment of a security deposit at lease signing and .00190 with the security deposit waived.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem, jayps. So, you are being given a $1,720 discount on the 2007 BMW 530xi that you are interested in. This is probably a little over $2,300 over dealer invoice. I'm not sure if you will be able to negotiate a lower price than this on this car in your area, but that is a lot of room to play with so it's definitely worth a shot. Also, make sure to stop by the following discussion to see how much other community members have paid for similar cars lately: "BMW 5-Series: Prices Paid & Buying Experience".

    The good news is that the money factor that you were quoted for this car is right in line with BMW Financial Services' current buy rate for it. This means that the dealer you are working with isn't trying to make any hidden back-end profit on your deal.

    Car_man
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  • lsmblsmb Posts: 7
    Thanks Car_man,
    we compromised a week ago at .0018 with a security deposit and he threw in one of the dealers perks (Diamond Fusion Coating for windshield; no necessity but fun). I clearly didn't like the process, but was ok with the result at the end, since I really missed out in the beginning to nail everything down. It was an interesting learning experience for my first lease deal. Don't know what I would have done without having had access to all the info in this forum. It's brilliant! Will be back in three years :) LSMB
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi joeadp. You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings kmeast. There is a pretty big spread between the MSRP and dealer invoice price of the car that you are interested in. You are being given a discount of $2,000 on this car, but I would not be surprised if this was still $3,500 over invoice. I personally would shop around a little bit to see if this is as low a price as you can get on this car in your area. It wouldn't hurt to comparison shop a little bit. Make sure to stop by the following discussion to see how much other community members have paid for similar cars recently: "BMW 5-Series: Prices Paid & Buying Experience". BMW is not currently providing any cash incentives on the '07 525xi.

    The money factor that you were quoted looks good to me, but you really are making too large a down payment on your lease. I always advise consumers not to make any sort of down payment when leasing because if their leased vehicle is totaled in an accident or stolen and never recovered, their is a good chance that they down payment will just disappear. You can and should lease any vehicle that you want without making any sort of capitalized cost reduction.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi grjohnsonjr. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to work up a sample lease payment on the car that you are interested in for you if you let me know what these numbers are.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi 99_528i. Here' is the information on the new March lease program that you're looking for. BMW Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW 530i with 15,000 miles per year are .00095 and 60%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, shuale_ejs. Enjoy your new ride :) .

    Car_man
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  • tdn9999tdn9999 Posts: 4
    I just got an offer from a dealer in MD who is offering the following:
    530xi w/ Cold Weather, Premium, & Sport Package. also includes NAV, Sat Radio & Auto Trans.

    MSRP-$58,095
    Selling Price-$55,500
    MF-.0025
    Residual-60%

    He claims that the dealer is only making $1800 off the deal but the MF number look suspicious to me.

    To get the payments in the mid $600, they are quoting a 5K down payment.

    Steer me right as I need a vehicle by Monday.

    Thanks
  • echethamechetham Posts: 22
    I assume your looking at 36/15k mi

    2007 BMW 530xi Sedan BMW Financial Services Lease Rates and Residuals – Effective 3/5/07
    Add 2% to Residual Value for 12k mi/yr and 3% for 10k mi/yr on all terms

    24 mo/15k mi – Residual Value 70% of MSRP – .00165 Money Factor Buy Rate
    36 mo/15k mi – Residual Value 60% of MSRP – .00165 Money Factor Buy Rate
    48 mo/15k mi – Residual Value 40% of MSRP – .00320 Money Factor Buy Rate
    60 mo/15k mi – Residual Value 31% of MSRP – .00320 Money Factor Buy Rate
  • tdn9999tdn9999 Posts: 4
    If I can get them to lower the value to .00165, is it worth the deal? Reading in the forum, there are suggestions not to put alot of $ down.

    What would be your best approach?

    Thanks
  • echethamechetham Posts: 22
    Well you want the lower MF if you qualify, plus if you live in MD, I think they want sales tax up front. Check with the dealer. Mid to upper 600s sounds about right with 5k down if the taxes are included in your down payment. The non xi models have a lower money factor (if you can find one) at .00085, its a heck of a deal.
  • japellegjapelleg Posts: 4
    Does anyone know the March money factor for the 2007 530i?

    thanks
  • Car_Man, thanks very much for the help. I am away from DC for few weeks but I expect to contact a dealer sometime next month and I'll be back in touch.

    All the best,

    George
  • obiwan1obiwan1 Posts: 21
    530XiT 2007
    Nothing down, tax also rolled in
    0.00165 MF 3k off MSRP, 60% residual
    36 months, 15k per year
    MD lease
  • tdn9999tdn9999 Posts: 4
    I understand this is not the correct forum, but the other forum doesn't have many members. I have decided to get a 7 series. Can anyone provide info for that model.

    http://townhall-talk.edmunds.com/WebX/.f0a511b.ef9d9cf/59

    Thanks
  • echethamechetham Posts: 22
    MF is .00200 on that one, If you go to Bimmerfest.com in the ask the dealer forum, they have all the info you need as far lease rates and such.
  • brifromdcbrifromdc Posts: 14
    Hi - I locked in on a 525i back in January and will pick up my car in about 10 days. My dealer said they would lower the MF if BMW reduced it in March.

    I made the 7 additional security deposits and reduced the MF from .00065 - .00049 = .00016 money factor. Is this the best deal or did the MF improve in March? Thanks
  • kyfdxkyfdx Posts: 28,446
    Higher now... .0085

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • 99_528i99_528i Posts: 22
    Anybody know what is the MF and residual now (March) for 2007 530i, 3 years, 12k miles per year?

    Thanks.
  • eoulimeoulim Posts: 9
    What kind of price and MF are you guys paying?

    A salesman claiming I should pay MSRP now...
  • grios1grios1 Posts: 22
    Hello, Can anyone advise what the MF would be for a 2008 525?
  • eoulimeoulim Posts: 9
    0.00085 and 60% AFAIK
  • docrobdocrob Posts: 1
    Looking for 2007 525i (only need auto transmission), 15k per year (36 months). What are current selling price, residual, MF? Also, how is sales tax handled in Texas? Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi japelleg. Through April 2nd, BMW Financial Services' buy rate lease money factor for the 2007 530i is .00095 for leases up to 42 months with the payment of a security deposit that is equivalent to your car's monthly payment rounded up to the nearest $50 increment at lease signing. If you opt to have your security deposit waived, this car's money factor would be .00015 higher.

    Car_man
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  • 99_528i99_528i Posts: 22
    Dear Car_man,

    What is the MF and the residual value for 36 months lease, 12k miles a year for the 2007 530i?

    I assume the rule of +0.00015 MF to have the security deposit waived still applied.

    Thanks,
    x99_528i
  • pwhite52pwhite52 Posts: 1
    Looking at an '07 530. Dealer quoted $1,000 off MSRP in mountain west region with MF @.00135. MSRP @ $52,350. I wanted specific color combination but pretty standard options (Step/Prem/Cold). 36 mo's/15K with residual @ 60%. Not a really great deal in my mind. Any opinions?
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