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Also, since the 2006 5-Series have been out for almost 5 months, the 2002 models have already taken their depreciation hit....
Only you can decide if 215hp (versus 255hp) will satisfy your needs. The 525i is basically a detuned 530i..... both use the same basic 3.0L engine. Keep in mind that the extra coin for the 530i also buys you bigger brakes and other differences that are not visible.
As for the Premium Sound (Logic 7) option, this was a no-brainer for me. The extra coin buys you additional speakers, a 7-band equalizer and simulated surround sound with selectable sound modes (Concert & Theater). The improvement over the standard system is NOT trivial! Everyone who has heard the system, including my wife who has a Nakamichi system in her Lexus, are blown away! Demo the standard and the Premium Sound system and let YOUR ears decide if it's worth the extra money.
Martin
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The 06 525i is a bit more spirited with the 215 hp, however my experience dictated my opting for the 255 hp version.
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Also, any opinions on the sport package would be helpful.
Your upfront payment... Is it $1000 plus the 1st payment and title fees? Or is it just $1000 total?
Assuming it is an extra $1000....
$45,220 MSRP
$42,000 Selling price
$41,625 Cap cost (selling price minus $1000 upfront + $625 acq.fee)
3yr/36K lease
62% residual
.0016 base money factor (.00175 with no security deposit)
Payment = $500/mo. + tax.. If you live in a state like Illinois or Texas that taxes the entire cost of the car, then maybe your payment looks okay.. But, if in a state that just taxes the payment, then I'd say they are marking up the money factor..
That is a very attractive selling price, though..
regards,
kyfdx
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I would really appreciate some feedback on this one:
I have a 2002 530i with about 25k miles on it. I've decided I'd really like a car with Sat radio and navigation, as well as AWD. I've driven both the 525xi and 530xi and really could not tell a difference in horsepower/performance. Especially over my current 530... Granted, the test drive was mainly on residential streets, but tough to discern any real difference. So, my first question is... Is the 530i worth the extra money? Long term will I regret going with the 525i? My driving is about 60% highway 40% local.
Also, what can I expect to get on my 530i (cold weather, xenons) as a trade in.(I live in NJ) Finally... What is considered a good deal on the 525xi and 530xi with Nav and sat?
Many, many thanks in advance for any guidance....
Only you can determine whether you will miss the extra power of the 530 if you go with the 525. And the only way to do that is to drive both cars under as close to your regular conditions as possible. Then go with whichever one you will regret not having chosen six months down the line. (But are you really sure you want to ditch your 02?)
what is a good price for this? how much should i be asking for?
I am new to this forum, but I love what I read here. So many knowledgable and nice people around here.
I am in the market for a new 06' 530i with sound/nav in Nor-California.
Here are my questions:
1. Is $1000 over invioce a good deal or I can do better? What is the invoice for above config?
2. 0 down or not?
3. What is the best money factor?
4. I am the 1st time lease customer, do you need to call/cut a deal with BMWFS or bank before you go to the BMW dealer? or it all can be done in the dealer?
5. What are the other normal amount for other fees?
6. Please share any other advice you want me to know.
Thanks in advance,
Harry
Just got a price from the same dealer I've bought 2 other BMWs from of $54,400 for the following car:
2006 530xi
Steptronic
Premium Package
Cold Weather Package
Sat
Navigation
Includes destination charge
Car is still in Germany and due in mid Nov or so. Dealer is located in Southern NJ.
Dealer also offered me $24,300 for my 2002 530i with 26K miles on it.
Would love some advice on what to do...
MSRP 50815
Negotiated price 48815
Down payment 2500
Residual 30849
36 months/15000
Money factor 0.0020
Lease payment $622 ($660 including 6% tax)
With $5,000 down, the payment is $548 ($581 with tax)
Any comments, thoughts or suggestions?
Thanks
What is a good price for this? i checked edmunds.com, which listed around $31,500 for it certifed.
What is a fair value? i lived in CT.
The dealer does not have the car I am looking for. My question is that if I order a car now and have it delivered in 8 weeks, does this car count as a sale for this month or as a sale at the time of delivery? I understand the best time to buy a car is around Xmas, so should I order the car now or wait until Xmas to order? What is the best time to order a new car? Please help, Thanks very much!
My one question...Is the excess mileage charge negotiable or is it set in stone by BMW finance? Is it too overpresumptuous to assume that you could negotiate the excess mileage down to around the price per mile at which the car depreciates (530i is about $0.10 per mile, give or take), lease a car on a low mileage lease and simply pay the difference at the end of the lease (assuming you are good at saving) thus delaying the monetization of a portion of your payments for 3 years?.. thanks
You can buy miles cheaper upfront (rolled into the lease payment), than paying for them at the end of the lease... but, if you don't use them all, then it won't save you any money...
In general.... Most BMW leases are prohibitively expensive if you drive over 15K mi./yr.. YMMV (literally)
regards,
kyfdx
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What are the October MF's?
Also I'm looking for a 2006 525i with auto and Premium Pkg. I am in Southern California. What should I expect to pay from invoice? Any LA or Ventura County dealers you guys would recommend?
3yr/45K lease
Residual 60%
Base Money Factor .0016
regards,
kyfdx
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2006 525i
Auto
Premium Pkg
3 Years @ 12k per year.
MSRP: 46470
Sell: 44165 ($2305 under sticker)
Residual: 62%
Money: .00190
Drive Off: 1911.91
Payment:569.15 + TAX
I mentioned to him that I want the base money factor of .0016. This is what he said...."Everything is negotiable, the base money factor is .00160 but we pay .0015 more so the actual cost of money to us is .00175. In any case we won't letthat stand in our way."
So what does that really mean? Also, is this a good deal? Is there any more room to negotiate here? What are factors should I ask him?
thanks!
jason
I am looking to purchase a 2006 530i with Prem Sound, Prem Pack, Navig, Auto STEPTRONIC, Dest with (MSRP $54,170, Invoice $49,665). Could you tell me how much over invoice I should expect for this vehicle? Any advice on dealership would be greatly appreciated.
Thanks
Does your upfront money include a security deposit? If not, that would bump the MF to .00175... Unless that is it, I have no clue...
Using your numbers, I come up with $565/mo.+tax..
@ .00175. the payment would be $554/mo. +tax
@ .00160, the payment would be $543/mo. +tax
His wording would make me assume they will negotiate a little more.. If you aren't making a security deposit, then just ask him for $15/mo more off the monthly price... But, I'd make the deposit, and ask them for $543/mo.+tax..
regards,
kyfdx
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I feel the price and mileage is excellent, but my concern is the age of the car. Without an extended warranty, should I be concerned? Any thoughts appreciated.
I have heard that $1500 over invoice is the norm.
How are you planning to purchase the vehicle, over the internet requesting for bids or simply going in the dealer (which I hate since it takes so long to get a deal done).
This is what my drive off includes......
Bank Acquisition fee $878.75
TAX on Bank Acquisition fee: 68.06
Ca License Fee: 349.00
1st Month Payment 616.10/642.15
$1911.91/1937.96
Here's the rest of the details again:
2006 525i
Auto
Premium Pkg
3 Years 12k per year.
MSRP: 46470
Sell: 44165 ($2305 under sticker)
Residual: 62%
Money: .00190
Drive Off: 1911.91
Payment:569.15 + TAX
what do you think?
Also, the base acquisition fee is $625, with a maximum of $825.. So, you have something weird going on there..
Also, I still get $565.xx/mo. for the way they have it structured, not $569, but that is fairly minor..
If it were me... I'd insist on $625 for the acquisition fee and add it into the cap cost.. Then, I'd make a security deposit.. and also insist on the (now) base MF of .0016..
This would give you a cap cost of $44,790.. and a payment of about $562/mo.+tax
And.. should knock your drive-off number down by about $300, plus you'll get that $650 security deposit back at the end of the lease...
regards,
kyfdx
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how much security deposit should I give?
thanks!
I re-read your email and it answered my security deposit question? $650 right?
thanks
do they tax the acquisition fee?
also, how important is it to pay the security deposit? What is it for? From the deal given to me - no security deposit was required......
Thanks again!!!
jason
Thanks
R