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BMW 5-Series Lease Questions

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Comments

  • enya07enya07 Posts: 3
    Hi, I am at it again. My current 530i lease is up at the end of the month. I used this forum 3yrs ago and can only say good things about, so here I am again.

    I browsed the posts from the last couple of weeks, and couldn't find pertinent information. I am looking at a 535xi 3yr/12k lease, and have the following questions:

    - what is the residual % at 3yr/12k?
    - what money factor should I expect?
    - is the dealer incentive (~$2000) still in effect for July?
    - since I am a returning BMW lessee, can does the MF go down with additional security deposits?

    Appreciate all your help in advance. I will be on this forum regularly for the next couple of weeks, and will be sharing any and all information I get from the dealers I am negotiating with.

    Cheers,
  • drgumsdrgums Posts: 51
    I am looking for a lease for a 535xi manual 2008 w/ prem, cold, sports, navig, rear split, rear heated, ipod adaptor. owner loyalty, o down, preferred rates
    there are some slots left for 2008.

    I have been quoted $825 per month w/ 1st month, tltle, tags, and destination
    I think this is too high??? The 3 dealers discounted the car from 60K MSRP to apprax $56,500. Can I do better? NJ/PA/MA dealers
    Is it possible to get this car in the low 700"s w/ 0 down? What is the actual cost of this vehicle with all the BMW incentives to the dealer? What figure can I use for a selling price? The residual is 54% and money factor .0022?

    I am flexible for 24- 39 months lease. I don't want to put any money down.

    I appreciate your help.
  • encinomanencinoman Posts: 2
    Experts, please let me know if you think the following is a good deal:

    2008 528i Sedan, 12k mls, 24 mo lease
    Base Price $44,600
    Premium Package $2400
    Ipod and USB Adapter $400
    Destimation & Handling $825
    Total as Equipped $48,225
    Selling Price $43,580

    Money Factor 1.8
    Residual Factor 69%

    Cap Reduction $1235.
    Cap Reduction Tax $157
    Lic/Registration $380
    Bank Fee $625
    Doc Fee $45
    First Payment $556

    Total Drive Off $3000
    Toatl Monthly Payment with tax $556
  • karinrenkarinren Posts: 3
    I am new at this and would appreciate some feedback on this deal -
    MSRP Base: $49,400
    Options: $12,175 (Cold Package, Navigation, Premium Package, Sport, shift paddles, comfort access, HD Radio, Logic Sound, ipod, fold down seats, park distance control)
    Destination: $775
    Listed Suggested Price (MSRP): 62,350 (with above options)
    Lease Price: $52,900
    MF: 00225
    Residual: $ 43,000 - 67%
    Cash: $2,100
    Monthly: $599.00, 24 months, 10,00 miles

    THANKS for any advice, suggestions, comments-
    Kate
  • karinrenkarinren Posts: 3
    I am new at this and would appreciate some feedback on this deal -
    MSRP Base: $49,400
    Options: $12,175 (Cold Package, Navigation, Premium Package, Sport, shift paddles, comfort access, HD Radio, Logic Sound, ipod, fold down seats, park distance control)
    Destination: $775
    Listed Suggested Price (MSRP): 62,350 (with above options)
    Lease Price: $52,900
    MF: 00225
    Residual: $ 43,000 - 67%
    Cash: $2,100
    Monthly: $599.00, 24 months, 10,00 miles

    THANKS for any advice, suggestions, comments-
    Kate
  • encinomanencinoman Posts: 2
    Kate,
    Are you putting $2100 as a cap reduction, or is that the TOTAL drive off cost?
  • karinrenkarinren Posts: 3
    clarification for encinoman-
    Cap reduction - $2,100
    Total out the door - $3,250 (cap, tax, lic fees)
  • suznsaxsuznsax Posts: 9
    Hi Car_man
    First off I totally agree with you -- don't put any money down on a lease. Secondly, is the BMW FS money rate and residual value the same for 535 as it is for the 528? If so, has it changed in July?
    Thanks!
  • enya07enya07 Posts: 3
    Car_man, any insight on my 535xi 3yr/12k lease questions?

    - what is the residual % at 3yr/12k? --> I am getting 57%
    - what money factor should I expect? --> I am getting .0018
    - is the dealer incentive (~$2000) still in effect for July? --> I am getting ~$1300 under invoice

    - since I am a returning BMW lessee, can does the MF go down with additional security deposits?
  • I really need some help with some pricing on a 36 month / 10K year lease; wanted to take advantage of the recent rate drop from .0022 to .0018 and residual of 58%.

    Black / Black
    Premium Package
    Automatic
    Heated Seats
    Xenon
    Ipod

    MSRP – 49,525
    Invoice – 46,000
    Selling – 45,110

    Upfront $1,500 - includes all fees and fun stuff
    Monthly payment is $619.00 (includes NC taxes)

    From my understanding, the rate dropped from .0022 to .0018 with an additional .0004 reduction if you currently own BMW (which we do) thus bringing the rate to .0014 – right? I have a feeling my CA is not being honest with me (he has sold three other BMW to us – so I have a trust factor with him).

    First, is the 45,110 a fair price, it does not seem the PP option credit was applied?

    This is what he said about the rate:

    The difference in the .00180 verses the .00140 is… You qualify for the .00180 rate by having a BMW in the household, the .00140 rate is if you currently have a BMW with BMW Financial Services, this allows you to get the rate down more…

    I have a feeling I am not be dealt with honestly.

    PLEASE ADVISE…
  • 1985mb1985mb Posts: 40
    I would look here for the residual and MF:

    http://www.bimmerfest.com/forums/showthread.php?t=296810

    The MF has dropped 0.00040 from the rates published July 1st, so 535s are at 00160. Remember to adjust the residual for your miles (see the footnotes on the 1st post of that above page).

    The prem. package incentive (a.k.a. Option Credit) is still in effect, AFAIK.

    Anyone can lower their MF via MSDs (max 7 MSDs means MF is .00049 lower). But you might be extra lucky if you qualify for the OLP (owner loyalty), which you probably do. That drops your MF another 00040. Max MSDs and OLP would lead to an ultimate MF of .00071 :blush:
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,965
    Not exactly the same, but similar..

    Slightly better for the 535i

    Moderator - Prices Paid, Lease Questions, SUVs

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi suznsax. BMW Financial Services' enhanced July buy rate lease money factor and residual value for a 36 month lease of a 535i with 15,000 miles per year are .00160 and 55%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • hoonie99hoonie99 Posts: 4
    You received almost 10k off MSRP? Thats really good. Where are you located, I don't think getting a deal like that is possible in NY/NJ/CT can you send me a PM and let me know who the dealer is? I would love to buy one at that price. Thanks
  • 53turk53turk Posts: 8
    i have ordered an 08 535xi couple weeks ago, what do you think?

    premium, sport,cold weather, logic 7, park distance, hig beam, navigation, comfort access, ipod usb

    MSRP - $62625.00
    ePRICE - $56800.00

    $1919 due at signing
    30mo/15Kyear
    $875/mo (including tax)
  • zcqqzcqq Posts: 3
    the deal i just got today 528xi 36mo 12k
    premium, cold, Xenon, auto, Ipod
    1000 drive off, 688/mo includes tax

    What a unbelievably good deal, right? guys
  • Went to a dealership in NJ and had this offer and would be interested in what others thought. Was I right in being a little disappointed that they didn't try to be more aggressive on the MSRP? Also, Premium (~$1900) is included as July incentive so it's not like he knocked that much off the MSRP. I think the final lease price was good but have a feeling I could do better...am I off my rocker?

    535xi w/Cold Package and Premium Package
    36 months/12K miles
    Residual 57%
    Money Factor 0.0016
    $0 Down
    MSRP $55,225
    Sale $51,500
    Out of pocket $4606
    Lease w taxes = $688.93
  • Please help me and let me know what I should be paying (best deal) for a New 528 i with Premium Package, Automatic ,Xenon,Ipod, and Nevigation System...

    I am looking for either 2 year or 3 year lease with 15,000 or 18,000 miles per year. I am okay with 5000 down, but, would like to get away with as little down as possible.

    Is it true that I can get a beter deal right before the last day of the month???

    Thanks
  • My wonderful 3 year drive of a '06 530xi is coming to and en 8/27/08 unless I purchase it. I will have about 70,000 miles by then. I know, I know. Don't lease if you are going to put on these types of miles. Done and over. Now the question is should I buy or turn it in. The car is in pristine condition having been driven primarily hwy miles. Navigation, Cold Weather, Premium Pkg, Satellite. Finest auto I have ever owned. A light re-paint of some bumper scratches and a prep and it would look new in and out.

    Residual value is $32,019. They offered to sell it to me at $29,103, no down, 5.9% for 24-60 mos. my choice. We now have this down to $25,069 at 3.9%. tax and title extra. They want to keep my $900 security deposit on file from the lease.

    There is a real difference between the estimated market value of this car on Kelley and Edmunds. Kelly has it lower (est.$20,000) and Edmunds higher (est. $28,000).

    I would like to drive this car another two year and then get the anticipated 535xi diesel.

    Is $25,000 the right price for this car? Am I crazy to keep it? Should I just lease a 2009 535xi?

    Thanks for your thoughts.

    BCEagle1
This discussion has been closed.