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BMW 5-Series Lease Questions

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Comments

  • bmw530ownerbmw530owner Posts: 16
    Wow, I also lease a 2007 530i, but NO luck in getting any loyalty cash.

    I finally buyout my 530i with 31K (orig residual value 35,300) w/o CPO certificate

    Spec:
    2007 530i
    sport/premium pkg
    30K total miles

    Add 2k for CPO certificate
  • Hi, Newbee here...

    I was offered a new 2009 535i for
    2500 total drive off for $585.
    5000 total drive off for $509
    Premium and Sport package with iPod.
    36 mon lease, 12k miles/year.
    MSRP: 57,625.

    Let me know what you guys think. Let me know soon as I have to go pick up the car tomorrow. I am located in Diamond Bar area. Thanks in advance!!!
  • lalakrsfanlalakrsfan Posts: 44
    comer98, question on the BMWFS pull-ahead program...how did you learn of this program? We have a '06 Z4 with EOL date of July 31. With a 3 month old baby boy, we need to replace the Z4 now but haven't heard of anything like this pull-ahead program. Thanks in advance for any insight you can share.
  • lalakrsfanlalakrsfan Posts: 44
    Hey blackjack300, based on the payment it sounds like a good deal, definately go with the lowest drive off possible, in particular avoid a down payment if at all possible. Is the payments you quote including sales tax? We are up in Nor Cal and looking for a similar deal on a 528 or 535.
  • comer98comer98 Posts: 11
    I actually was contacted by my dealership and they told me about the program. The notes that I have indicate the pull-ahead will waive the last 3 payments of your lease current lease on an '06 or '07 X3, X5, Z's and 3 convertibles. The additional loyalty cash was for X3 lessees only. I think the qualifier is that you have to be in a current 30 or 36 month lease and you cannot ever have made a late payment. The pull-ahead expires June 1, 2009 so if you want to take advantage you need to move quickly.
  • It's without tax. So is it still a good deal?
  • lalakrsfanlalakrsfan Posts: 44
    Seems to be a great deal based on payment as compared to MSRP, but we would need to know the cap cost, residual and money factor figures to confirm.
  • The residual is 60% and I am getting 2,500 cash back and plus another 1,000 from the factory. The salesperson said he is giving the car to me at invoice which I am not sure what the amount is. I am going in later today to finalize the deal and I can give you more details if you want it. According to him, he sold the rest of his 2009 535's and that the 2010 cars will be about $130 to $150 more even though the cars have lower MSRP becuase 2010 comes with free leather and iPod feature. The Money factor is .00175 I believe.
  • diyediye Posts: 45
    My 2006 X3 lease is up in early July.

    Thanks to comer98's post, I learned the pull-ahead program. Thank you, comer98.

    So here I just leased a 2009 535i, 36 month, 12k/yr:

    MSRP: 56,400
    Purchase Price: 52,500 (3900 off)
    Cash Incentive: $2500 + $1500
    Residue: 60%
    Money Factor: 0.00126 with 7 Multi-Security Deposits (0.00175-0.00049)

    Bank Fee: $725 ( 1st month payment and all fees rolled into monthly payment)
    ZERO out the door, except $4550 in MSD deposits.

    Monthly Payment: $572
    Monthly Payment with tax: $622

    I am already over my mileage allowance on the X3, with 2 months to drive. So I am very happy to turn in the car early w/o penalty. Plus, I am able to beat CA's May 19th cutoff date for the new registration increase.
  • dochaldochal Posts: 1
    Offered the following: 2009 535xi w/ premium, cold weather, navi, ipod. 36 mo., 30K miles. Around $59,500 MSRP; cap cost is $53,312 (incl tax). $1894 down (incl. $700 sec dep, licence, doc, and 1st mo.) for a payment of $648/mo.
    Yea or nay?
  • Sounds good to me --I'd take it
  • kalacckalacc Posts: 4
    Sounds like a decent deal. Did you receive more off the price due to the fact that you were a returning lease customer.

    Also, which dealer did you go to.
  • diyediye Posts: 45
    The dealer is Crevier BMW in Orange County, CA.

    To answer your question, yes and no.
    Yes, I did get more cash ($1500) from BMW as a return lease customer, I am not sure if it has to be a X3 customer.
    No, the discount I got from the dealer ($3900) has nothing to do with me as an existing customer.

    Actually I could have squeezed a couple hundred more if I insisted.
    Irvine BMW almost offered me the same price on the phone, I didn’t bother to go there to try to save a few bucks.
  • stickyfeetstickyfeet Posts: 11
    can anyone provide insight as i need to replace the original tires on my 525xi. the lease ends in feb 2010. the orig tires are continental. do i have to stay with continental or can i change to another brand and if so how does it affect my lease. i have 31k on the tires, i expect to put another 10-12k on the car till i return it. i do not intend to purchase it at the end of the lease. any recommendations on tires?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem robfloridagold. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 535i with 12,000 miles per year are .00175 and 60%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • lalakrsfanlalakrsfan Posts: 44
    Seems like a good time to be leasing 5-series! Using the Costco Auto Buying program, after a couple of 5 min phone calls with a CA and his sales manager, here is the deal we are heading over tomorrow afternoon to sign.

    '09 528i
    Titanium Silver
    Black Leather
    Sport
    Nav
    Xenon
    MSRP - $53775
    Selling Price - $47573 (after $2500 rebate)
    Sero down, drive-offs only
    $558+ tax

    Does this sound like a good deal?
  • shive123shive123 Posts: 10
    lalakrsfan

    What was the mileage you got per year?
  • lalakrsfanlalakrsfan Posts: 44
    10K/36 mo lease
  • Should I continue negotiating for an 09 528i based on the current offer below?
    premium, xenon, heated seats, iPod
    MSRP 50,825
    Price 48,425 (2400 off + conquest $ additional deduction) Is there another $1k the dealer gets on 5's at this time?
    $ factor .0023 (which seems high)
    36 Mos,/12K per year
    $3,500 cash down(inclusive of taxes)
    residual 62% (I believe)
    lease 599.0 per month
    Thanks for your thoughts !
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi bmw530owner. What you were told is correct. The conquest cash that BMW is currently providing on select models is only good on BMW FS leases, not vehicles that are financed through it or cash purchases.

    You are aware of all of the incentives that are currently available on this car. It's either the special lease program + $2,500 or 0.9% financing for up to 5 years + the waiver of your first two payments, up to a maximum of $750 each.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Your explanation was right on the money, x021627...except for one small detail. I believe that BMW Financial Services raised its base acquisition fee to $725.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi stickyfeet. As long as you rotate your tires on a regular basis there is a chance that the OEM tires will make it to the end of your lease without needing replacement. I've put more than 45,000 on a number of leased a number of vehicles (not BMWs though) and not had to replace the OEM tires because I did regular rotation.

    Should you need to replace your car's tires prior to lease-end I don't believe that you are required to use the same exact model, but I am not sure of BMW FS' exact policy on this matter.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • bglickmanbglickman Posts: 7
    Car Man, Do you know the current residual for a 2009 535 witk 10k mi./year?
  • dmason12dmason12 Posts: 13
    Hi, With 10K miles per year on a 36 month lease, it is 61%. I just leased an '09 535i, blk/blk w/ MSRP of $60,575. Negotiated Cap Cost was $56,500. $2500 Customer Cash used as Cap Cost reduction. Drive off was $725 acquisition, $8.75 CA tire fee, $45 doc fee, 1st pmt plus tax and registration = $2200. Monthly pmt is $632.75 plus tax for 36 months w/ 10K miles per year. I could have gotten one that thay had sitting on their lot for a few hundred less, but they had to find this one for me because I wanted blk/blk, Sport and Nav. It also had the parking sensors which I also like.

    As an added note, even if you drive 12K miles per year, I was told that it ends up being cheaper to buy miles from BMWFS before the end of your lease at .15 per miles than to lose residual value for a 12K vs a 10K lease.
  • bglickmanbglickman Posts: 7
    Great response,thank you. Just the info I was looking for. Which dealer did you lease from?
  • dmason12dmason12 Posts: 13
    Glad to help. Sterling BMW, Newport Beach. Used the internet department. Dealt by phone and email without ever going, which I prefer. Another dealer, more inland, may be a bit cheaper / flexible, but we live close by and prefer to have a the added services you get when you are a loyal customer. This is our 3rd consecutive lease from them. Added info is that all BMW dealers will try and charge you two extra fees: MACO and something else, which I guess are legit from what I have read, but just tell them those need to be included in your base price and not tcaked on as actual charges on your lease. Start at invoice and go from there. Also they are authorized by BMWFS to "mark up" the acquisition fee from $725 to $925, so don't allow that.
  • jjrnjjjrnj Posts: 7
    Wanted to share my experience here with you all since i have been monitoring it all the time. This was in freehold, nj

    used the x3 pull ahead program (had 3 months left on lease) and was over miles by 6k and dented bumper

    528xi Arctic Blue with beige leatherette interior
    Cold weather pack
    ipod adapter
    bmw assist/bluetooth

    Sticker $50,800, 36 month, 12k miles

    Ended up paying $500/month with tax included with $3000 at signing. Around $1700 for the normal fees and first month and an additional $1300 for cap reduction. And they just took my X3 and didnt charge me for miles or the bumper. Thought it was a pretty decent deal for a sick car.
  • jjrnjjjrnj Posts: 7
    sorry meant monaco blue
  • bmw530ownerbmw530owner Posts: 16
    Hello jjrnj,
    Want to share my understanding.
    Did you receive the security deposit for your X3 back from BMW? Dealership does not handle the cost for the dent and the over mileage. BMW will first deduct the cost from the security deposit, remaining balance will be billed to you from BMW.
  • bmw530ownerbmw530owner Posts: 16
    Make sure replacing the tires with run flat. BMW charges $250+ for each tire that is not run flat.

    If you intend to keep the vehicle, run flat is also required for CPO. You are fine if you want to keep the vehicle w/o CPO.

    It requires some negotiation before my dealership was willing to CPO my BMW w/o run flat.
This discussion has been closed.