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

15354565859210

Comments

  • tinocotinoco Posts: 18
    Hi,
    I think you can do a little better than that.. If you want my assistance I can guide you to a dealership. I just recently purchased a 530i. MSRP of 54,070.00, paid $900.00 over invoice - 36mo./15k/0 down with 5 sec. deposits go it down to $585.00 a month including tax. Let me know if you need my help!
  • Congratulations
    Sounds like a good deal. Which state are you in?
  • I certainly would appreciate some help. as I have never leased a car, and am looking for a 530, with the following specs:

    Metallic paint
    nav, premium, sport, parktronic, auto trans, Sirius radio, cold weather, power rear sunshade
    15000 mi/year

    I would prefer zero down, zero drive off, zero security, paying only first month's payment, if doable.

    How should I approach this? Obtain several dealer bids first? I think I have access to invoice pricing, but, as I am very new to this, any help and/or suggestions would be much appreciated.

    I am located just north of San Diego, with access to dealers in that area as well as LA.

    I certainly thank you for your time.

    Richard

  • mftmrtmftmrt Posts: 17
    With 7 security deposits, is the lowest mf .00011 or is it .00008? In SoCal.
  • I think mine was similiar to the one you want, zero everything is doable, and I got mine from new century BMW in Alhambra(Los Angeles) from a bald chinese guy
    I just also did a X3 for my wife too today
  • I am in southern cal looking for a good deal on 530i. Any dealerships to recommend?
    I am female with great credit but when I go to dealership I usually get hustled. Only successful experience has been with autobytel. I hear of all these great deals can anyone share guy tips with me? Do you go in with list of what you are looking for and what you will spend? When you follow car man advice of no down--does that always raise money factor? What kind of money factor and residual can one expect with no sec dep or money down with 36 month lease?
  • thank you.
    I'm from the Bay Area, California where everything is
    expensive :mad:
  • I'm looking to lease a 5 series and I'm in the chicago area. I would prefer a 530i but will settle for a 525i if the 530i is too expensive. I have no idea how a lease works and how much I should be paying. Any help would greatly be appreciated. I only need 10k a year. thanks Paul.
  • Hi klassyb. I assume that you are interested in leasing a 2007 525i. BMW is not currently providing any dealer cash on 2007 5-Series models. $500 over invoice is a very attractive price for this car. BMW Financial Services' current buy rate lease money factor for the '07 525i is .00065 with the payment of a security deposit at lease signing and .00080 without the deposit.

    Car_man
    Host
    Prices Paid Forum
  • Hi iamdaveh. $1,000 over invoice is a reasonable price for this car. Unfortunately, BMW Financial Services' lease program for it has changed. Its current buy rate lease money factor and residual value for a 36 month lease of a 2007 530i with 12,000 miles per year are .00090 and 62%, respectively. You can buy this money factor down by making additional security deposits. BMW will reduce the money factor that is used to calculate your car's monthly payment by .00007 for each additional deposit that you make. You can make up to seven additional deposits, for a total reduction of .00049.

    Car_man
    Host
    Prices Paid Forum
  • Hi be02939. It's strange that you are getting all sorts of different answers about BMW FS' multiple security deposit program from dealers. The last time that I looked into it, this program allowed lessees to reduce the money factor that is used to calculate their vehicle's monthly payment by .00007 for each additional deposit that they make, up to a maximum of seven. I suppose that it's possible that BMW changed this program, but if it has I certainly haven't heard about it.

    BMW Financial Services' current buy rate lease money factor for the 2007 550i is .00150 for up to 42 months.

    Car_man
    Host
    Prices Paid Forum
  • Hi fm1. BMW Financial Services charges an acquisition fee on every vehicle that it leases, however its base fee is currently only $625. The dealer that you are working with is attempting to mark this fee up to add additional hidden profit to your deal. This is a fairly common practice amongst BMW dealers. As long as you know about it and take the additional $200 into account in your evaluation of this deal it's not terrible.

    Car_man
    Host
    Prices Paid Forum
  • You're welcome, Andy. $1,500 over invoice isn't too bad, but this is really $1,700 over invoice once the $200 acquisition fee mark-up is taken into account. There's enough room here that it wouldn't hurt to shop around to see if any other dealers in your area would be willing to beat this deal. 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".

    BMW Financial Services' new buy rate lease money factor for a 36 month lease of the 2007 530i is .00090 with the payment of a security deposit at lease signing and .00105 with the deposit waived.

    Car_man
    Host
    Prices Paid Forum
  • Hi Bebopjazz. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 530i with 15,000 miles per year are .00090 and 60%, respectively.

    Car_man
    Host
    Prices Paid Forum
  • den110den110 Posts: 2
    Hi all

    Carman, I am trying to lease an 07 530xi with the following options: premium package, cold weather package and auto. Dealer quoted me 36 month 10k miles, 633.93/month including tax. This is based on 7msd at $4550, 1st month, bank fee, doc, title reg etc at $1852 for a total of $6402. 63% residual at end ($34158). This is based on a $51940 selling price, MF of .00111. He is claiming invoice of $50400. He states that with out the 7 msd, my MF would be .00160. This seems kind of high. Any help would be appreciated.
  • Hi sambo49. Here's the information that you're looking for. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 525xi with 10,000 miles per year are .00140 and 63%, respectively. If you opt to have your car's security deposit waived, the money factor would be .00015 higher. The $500 over invoice that you were quoted is a good price for this car.

    Car_man
    Host
    Prices Paid Forum
  • Hello Nick. You absolutely can have the dealer that you trade your vehicle in to cut you a check for it rather than using the proceeds from it as a down payment for your lease. In fact, it is in your best interest to do so. You would be better off pocketing all of the money that you get from your current car and not even putting the $2,500 down. Consumers who make large down payments on leased vehicles risk losing them if their vehicle is totaled in an accident or stolen and never recovered.

    You're right, if the dealer that you are working with told you that the selling prices of leased vehicles are set at full MSRP they were lying. The selling prices of leased vehicles is negotiable just as if you were paying cash for or financing them. You definitely should not have to pay full MSRP this car. You should be able to get an idea of how much you will have to pay for it right now by visiting the following discussion: "BMW 5-Series: Prices Paid & Buying Experience".

    BMW Financial Services' current buy rate lease money factor for the 2007 530xi is .00090. Make sure that the dealer you are working with uses this factor to calculate your car's monthly payment.

    Car_man
    Host
    Prices Paid Forum
  • Greetings ukrainian. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    As far as how much you should pay upfront on your lease goes, consumers can and should lease any vehicle that they are interested in without making any sort of capitalized cost reduction, aka down payment. All you will have to pay at lease signing are your car's first month's payment, a security deposit that is equivalent to its monthly payment rounded up to the nearest $50 increment, BMW Financial Services' $625 acquisition fee, and any required state taxes or fees. In fact, you can even have your car's security deposit waived in exchange for a slightly higher monthly payment.

    This car's lease program varies depending upon how long you lease it for and its mileage allowance. For now I will assume that you want a 36 month lease with 15,000 miles per year. Let me know if you want something different. BMW Financial Services' current 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 .00140 and 60%, respectively. The numbers for an otherwise identical lease of a 2007 530xi are .00160 and 60%. I would be happy to use these numbers to estimate what these cars' lease payments should be, but in order for me to do so I need you to tell me the exact MSRPs and approximate selling prices of the models that you want.

    Car_man
    Host
    Prices Paid Forum
  • Welcome rolypoly. Since this is your first lease, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. These articles will help explain all of the technical jargon that you find confusing.

    The money factor that you are being charged for this car is too high. BMW Financial Services' current buy rate lease money factor for this car is only .00065. You will receive a .00007 reduction from that for every additional security deposit that you make. A $4,000 total security deposit sounds like it includes around five additional deposits. This would result in a total money factor reduction of .00035, bringing your car's buy rate money factor to around .00030. Make sure that this is the factor that is being used to calculate your vehicle's monthly payment. Also, make sure to stop by the following discussion to compare the price that you were quoted to the prices that other community members have paid for similar cars lately: "BMW 5-Series: Prices Paid & Buying Experience".

    Car_man
    Host
    Prices Paid Forum
  • Greetings albacore1. Since you have never leased before, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    If you believe that you are paying too much for this car, you should try to renegotiate your deal or comparison shop with a few other dealers to see if you can beat this price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them.

    BMW Financial Services' current buy rate lease money factor for the 2007 530xi Wagon is .00125. With the seven additional security deposits, a reduction of .00049, this model's buy rate drops to .00076. Make sure that the dealer you are working with uses this factor to calculate your wagon's monthly payment.

    Car_man
    Host
    Prices Paid Forum
This discussion has been closed.