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

18283858788140

Comments

  • Hi car_man,

    Any news if BMW Financial is planning on lowering the MF on 2010 528i 36/10 before the end of the year. Currently is .00245, a little high considering they want to move the remaining inventory before the new 5 hits showrooms.

    Thanks,

    RM
  • My car has a few nice door dings and scratches. If I lease another BMW from BMW Finance do I need to worry about it or will they look the other way?

    Also, my lease is up in March. Everyone agree that December is the best month to sign my new deal? Thanks
  • mjr2umjr2u Posts: 13
    SergeyM: Was just at my BMW dealer on Sunday. BMW Finance is now offering $2,500 "Holiday Cash" and for current 5 Series owners, and additional $1,500 if you buy or lease another 5 Series (5 for 5 Promo).
  • mjr2umjr2u Posts: 13
    Hi Carman

    Can you confirm the current Nov 09 MF and Residual rates are on a 2010 535i sedan? I was told that the Nov rates went up to 0.0028 MF, 60% residual on a 3yr/12k mi/yr lease. That is quite a jump from the 0.00155 Oct MF rate. However, they are offering $2500 cash, plus $1500 loyalty bonus now. I negotiated $1000 over invoice, but they are also adding in $480 in dealer advertising fees. Here is the breakdown:
    Base MSRP: $51,100
    Neptune Blue, Cream/Blk Dakota, Bamboo
    Cold Weather Pkg $750
    Premium Pkg: $750
    Active Cruise $2400
    Comfort Access $1000
    Head-Up Display $1200
    Heated Rear Seats $350
    Multi-Contour Seats $1200
    Nav $1900
    Power Rear Sunshade $575
    Split fold down rear seat $475
    Premium Hi Fi $1200
    Satellite Radio $595
    Park Distance $750
    Destination $825
    Total MSRP - $65,550
    Negotiated price - $57,150
    MF=0.0028
    Residual=60%

    With 2k down, they are telling me $873/mo, 36 mo, 12k mi/yr.
    Does that look like a good lease?
  • sergeymsergeym Posts: 262
    I have a similar offer for 2010 550 (MSRP $70,070). $2,250 out of pocket and $875 per month. I assume that your $2K down are not the cup cost reduction just the initial payment (first month and fees) still my deal seems to be a little bit better.
  • Hello-

    Can someone tell me what is the money factor rate for the 2010 535i 36 month lease, 12,000 miles? The dealer here in Dallas,TX is charging 0.00285. I think this rate is a bit high but I need to know if I can negotiate a lower rate.

    Thank You :)
  • fm1fm1 Posts: 20
    In DFW, Classic and Moritz offering MF .00280. They are marking up by a percent. What I have learn that they don't want to negotiate on MF but they can lower the price. I think you should be able to get 1000 over invoice easy. I think MF is to high. .00280 means about 6.7%. Though BMW is offering $2500 to new customers but in reality it is miss leading. If not in a hurry, I would wait for better MF.

    fm
  • The Dallas dealership recommended if I lease the 2010 535i with the M Sport package then I should purchase the tire warranty which was $1,189.00. This warranty covers damage to the tire but if the tire needs to be replaced due to normal wear & tear then I would be responsible for the cost of the tires. Should I purchase this tire warranty???? (note: salesman said it would cost $550.00 per tire) Please advise.

    Thank You.
    Dallas BMW Girl
  • fm1fm1 Posts: 20
    If you damage a tire, they will only pay for that tire. If your damaged tire was fairly new then it may be okay but in most cases you want to replace the tires in pair. I would just put that money in the saving account collect interest and insure my self.

    fm
  • I selected sport, prem, and cold. But rather than showing $2200 for premium package it only shows up $750. Has anyone else gotten this?

    also, the MF seems awfully high. Any news on if and when they will reduce that?

    I am going from a 3series to a 5 so the 2500 option won't be available to me will it?

    thanks!
  • vchadvchad Posts: 97
    Guys, I too have been looking for a 535i lease. But the lease numbers are HORRIBLE. I think bmw is on crack.

    this car is being repalced in about 3months with a NEW model, and the interest rate is almost 7%. Guys wait it out, wait till december atleast, see if they lower it. Paying that much is nuts. And you should be working FROM invoice, forget msrp. this car is outdated. for comparisons, mercedes is charging .00270 for a new class that JUST came out, vs bmw's 6yr old car. The extra rebate doesn't offset the insane MF.

    Mercedes offered a 10k rebate, on the remaining 09 E-classes, while the newbody 10' model was coming out. BMW will at somepoint come out with a hefty rebate. Dont pay too much.
  • mjr2umjr2u Posts: 13
    That's because the $0 Value Package already includes Leather Interior. So, when you select the Premium Package, all that you're being charged for is the Auto Dimming Mirrors and Garage Door Opener. While it shows $2200 on the description, when you add the Premium Pkg., the correct price updates in the Summary. BMW's Website Tools really need an upgrade!
  • mjr2umjr2u Posts: 13
    I agree, the 0.0028 Nov MF is insane!, especially when the Oct MF was 0.0015.

    Even with the $2500 holiday cash, plus another $1500 loyalty bonus, it doesn't really offset the 6.72% effective interest. However, my dealer told me that I can lock in during this program, and if the rates go down by the time my current lease is up (Feb 10) and before I take delivery of the new car, (I'm ordering it) - I can take the lower rate if I want.

    Probably what will happen is that BMW will lower the MF (maybe) and if they do, the case incentives will disappear. They're not going to give you both, I'm certain. (I'm really bummed about the MF, because my current '07 5 MF is 0.00085!!! (or 2.04%APR).
  • balukbaluk Posts: 2
    Hi I got the following from an NJ dealer

    2010 528i Premium, Cold weather
    10K / 36months

    MSRP = $48325
    Sale price = $45125 (claims $100 over invoice)
    MF = 0.00245 Res = 61%

    4139 down and 538 a month

    First time BMWer. What do you guys say?
  • balukbaluk Posts: 2
    hi car_man,
    010 528i Premium, Cold weather
    10K / 36months

    MSRP = $48325
    Sale price = $45125 (claims $100 over invoice)
    MF = 0.00245 Res = 61%

    4139 down and 538 a month

    First time BMWer. What do you think?
    I want to get rid of premium and add backup camera and bump mileage to 12k/yr, and ask to keep the payments same. would this be good?
    Thanks!
  • I'm in the Dallas area. Has anyone heard if or when the dealerships will have some state sales tax credits. I have always got them before on my leases, but the dealerships are telling me they don't have any now. Thanks.
  • Also, the couple of Dealers I have spoken to in Dallas are charging a MF of .00280. This is crazy high and appears to be more than BMW financial is charging. Anyone have any luck with getting a lower MF. The extremely high MF and lack of state tax credits makes leasing a new 2010 extremely pricey especially with the new body style coming out in 2010. I would appreciate your thoughts. Thanks.
  • I agree, here in Miami Fl dealers are charging .00245 which is a little lower, but still high, it seems the dealers in Dallas are marking up the MF by .35 +/- :mad: . I have a feeling BMW Financial will lower the MF after the new 5 is unveiled on Nov 23rd, maybe they come out with better lease programs for December. Dont rush and wait, they will lower it or they just wont be able to move the last units before the new 5 hits showrooms.
  • they have them now on the 535 so I presume on the 528 also; got the call yesterday; MF still high, I was quoted 0.00275 (6.6%)
  • I just got a call saying the Texas state sales tax credits are now available. Thanks.
  • I was told today by 2 dealers the Texas sales tax credits were capped, so that only the first $40,000 was "tax free".
  • Car_man or anyone:

    Do you think BMW financial will drop the MF in December for the 2010s? Right now the MF appears to be crazy high. I believe the current MF charged by BMW Financial is .0024 while most Dallas area dealers are marking it up to .0028 (6.72%). The 60% residual (for 12k miles), state tax credits, holiday cash, loyalty cash, and negotiated purchase price are great on this car right now. However, the extremely high MF is ruining an otherwise good deal.

    What is the likelyhood the MF drops in December to move inventory prior to the end of the year with the other vaiables remaining the same?

    When do we usually get word of the December numbers?

    Thanks in advance for any help.
  • Hi,

    Negotiating a 3 yr/10K lease for a 535xi with premium, nav, parking control and sat. radio.

    Total MSRP: 58220. 61% residual

    Original dealer offer was about $2200 down, which is first month, fees and $925 down payment, with monthly payment of $755 (before tax is applied).

    Spent a lot of time on this site and emailed another dealer and got a quote for about $708/month for same model but less one option, so $750 less in MSRP price.

    Used info with original dealer and when talking with the dealer's general manager, I asked if he knew whether MF would go down in December. He stated that the .00028 MF will remain in effect through 1/4/10, same as the holiday credit.

    They just came down to $715/month ($40 drop per monthly payment).

    Seem like a good deal if I want to finalize this month?
  • Hi Car_Man,

    Could please update all of us on the December Lease Numbers (12k/15k miles) and current incentives on a 528i?

    Thanks so much.
  • Hi fm1. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 535i with 10,000 miles per year are .00240 and 61%, respectively.

    As you mentioned, BMW is currently providing a $2,500 cash incentive on leases of this car to all customers plus an additional $1,500 ($4,000 total) to loyal customers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi rob_m3. The money factor that you mentioned is scheduled to run through January 4th. While it is a tad on the high side compared with what BMW often offers, it is compatible with a $2,500 cash incentive for non-loyal customers and $4,000 for loyal customers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi mjr2u. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 535i with 12,000 miles per year are .00240 and 60%, respectively for loyal customers or new ones who pay a security deposit at lease signing. It appears as though the dealer that you are working with is attempting to mark your car's factor up to bake additional back-end profit into your deal. See if you can get the dealer to use the buy rate to calculate your car's payment.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hello l0m6905. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 535i with 12,000 miles per year are .00240 and 60%, respectively for loyal customers or new ones who pay a security deposit at lease signing.

    It appears as though the dealer that you are working with is attempting to mark your car's factor up to bake additional back-end profit into your deal. See if you can get the dealer to use the buy rate to calculate your car's payment.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi baluk. The money factor that you were quoted for this car is right in line with BMW FS' current buy rate for it. That is a good sign because it means that the dealer that you are working with is not attempting to mark your factor up to add hidden profit to your deal, like BMW dealers often do.

    If you are really getting this car for $100 over dealer invoice minus the $2,500 cash incentive that is currently available on it. You can double check to make sure that you are really getting this car for that price by looking up its dealer invoice price over in the New Vehicle Pricing section of Edmunds.com.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hey freezedog. BMW's November lease program is scheduled to run through January 4th. While it reserves the right to make unscheduled changes to its lease program, I doubt that it will.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
This discussion has been closed.