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BMW 5-Series Lease Questions

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  • Invoice = $57,230.00
    MACO = 400
    Inception = 625
    Profit = 1185

    That's what i got to arrive at payment of ~$689 w/out tax. The pricing that I have are effective after 9/1/06. So, if the car was built before, I don't know what the difference is. You probably can check on bimmerfest.com for the pricing prior to 9/1/06 for MY 2007.
  • sm05sm05 Posts: 22
    How about the 10k/yr = 2000. Where did you add that? Into the Cap?
  • I'm a first time leaser and this forum has been invaluable

    MSRP (w/Dest) : $54,790
    Buy Price: : $51,725 (1.1K over Edmunds Invoice)
    Acq. Fee : $625
    Money Factor : 0.0009
    3yr, 15k/yr : 60% residual
    Lease D. Fee : $350

    617+ 51(tax): 668/month
    (Car comes off the truck in 10 days)

    This is the best deal I've gotten among many Bay Area dealers, everyone is uniformly offering .0009 MF, If I did 8 X $700 Security deposits the Money factor can come down to 0.00043.

    Am I dreaming on the .0005 MF or is 0.0009 the best for first time BMW FS customers?
    Is the price reasonable?
    Any other fees, gotchas I need to be aware of?
  • I was just wondering the same thing as my dealer in Richardson, Texas just told me that only a MF of .0009 was available and that the .0005 was a myth.

    Also, they do have some tax credits available now, but said becaus of that there will be no discount fom the MSRP. I find this crazy.
  • It is 0.0005. Here are the captive lease rates from bimmerfest for all bimmers this month. Call their bluff, say you called BMWFS. The 0.0004 is the max dealer add-on...Obviously they ARE lying you. Go to another dealer...

    Add 2% to Residual Value for 12k mi/yr and 3% for 10k mi/yr on all terms

    2007 BMW 328 Series 328Ci Coupe / Compare Instant Lease Quotes

    24 mo/15k mi – Residual Value 68% of MSRP – .00125 Base Money Factor Rate
    36 mo/15k mi – Residual Value 58% of MSRP – .00125 Base Money Factor Rate
    48 mo/15k mi – Residual Value 44% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 36% of MSRP – .00322 Base Money Factor Rate

    2007 BMW 328 Series 328xi Coupe / Compare Instant Lease Quotes

    24 mo/15k mi – Residual Value 70% of MSRP – .00100 Base Money Factor Rate
    36 mo/15k mi – Residual Value 58% of MSRP – .00100 Base Money Factor Rate
    48 mo/15k mi – Residual Value 44% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 36% of MSRP – .00322 Base Money Factor Rate

    2007 BMW 328 Series 328i Sedan

    24 mo/15k mi – Residual Value 71% of MSRP – .00190 Base Money Factor Rate
    36 mo/15k mi – Residual Value 61% of MSRP – .00190 Base Money Factor Rate
    48 mo/15k mi – Residual Value 45% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 36% of MSRP – .00322 Base Money Factor Rate

    2007 BMW 328 Series 328xi Sedan

    24 mo/15k mi – Residual Value 71% of MSRP – .00190 Base Money Factor Rate
    36 mo/15k mi – Residual Value 61% of MSRP – .00190 Base Money Factor Rate
    48 mo/15k mi – Residual Value 45% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 36% of MSRP – .00322 Base Money Factor Rate

    2007 BMW 328 Series 328i Wagon

    24 mo/15k mi – Residual Value 70% of MSRP – .00225 Base Money Factor Rate
    36 mo/15k mi – Residual Value 60% of MSRP – .00225 Base Money Factor Rate
    48 mo/15k mi – Residual Value 42% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 34% of MSRP – .00322 Base Money Factor Rate

    2007 BMW 328 Series 328xi Wagon

    24 mo/15k mi – Residual Value 70% of MSRP – .00225 Base Money Factor Rate
    36 mo/15k mi – Residual Value 60% of MSRP – .00225 Base Money Factor Rate
    48 mo/15k mi – Residual Value 42% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 34% of MSRP – .00322 Base Money Factor Rate

    2007 BMW 335 Series 335i Coupe / Compare Instant Lease Quotes

    24 mo/15k mi – Residual Value 69% of MSRP – .00175 Base Money Factor Rate
    36 mo/15k mi – Residual Value 58% of MSRP – .00175 Base Money Factor Rate
    48 mo/15k mi – Residual Value 44% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 36% of MSRP – .00322 Base Money Factor Rate

    2007 BMW 335 Series 335i Sedan

    24 mo/15k mi – Residual Value 71% of MSRP – .00150 Base Money Factor Rate
    36 mo/15k mi – Residual Value 61% of MSRP – .00150 Base Money Factor Rate
    48 mo/15k mi – Residual Value 44% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 36% of MSRP – .00322 Base Money Factor Rate

    2007 BMW 5 Series 525i / Compare Instant Lease Quotes

    24 mo/15k mi – Residual Value 70% of MSRP – .00050 Base Money Factor Rate
    36 mo/15k mi – Residual Value 60% of MSRP – .00050 Base Money Factor Rate
    48 mo/15k mi – Residual Value 42% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 32% of MSRP – .00322 Base Money Factor Rate

    2007 BMW 5 Series 525xi / Compare Instant Lease Quotes

    24 mo/15k mi – Residual Value 70% of MSRP – .00100 Base Money Factor Rate
    36 mo/15k mi – Residual Value 60% of MSRP – .00100 Base Money Factor Rate
    48 mo/15k mi – Residual Value 41% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 33% of MSRP – .00322 Base Money Factor Rate

    2007 BMW 5 Series 530i / Compare Instant Lease Quotes

    24 mo/15k mi – Residual Value 70% of MSRP – .00050 Base Money Factor Rate
    36 mo/15k mi – Residual Value 60% of MSRP – .00050 Base Money Factor Rate
    48 mo/15k mi – Residual Value 41% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 32% of MSRP – .00322 Base Money Factor Rate

    2007 BMW 5 Series 530xi / Compare Instant Lease Quotes

    24 mo/15k mi – Residual Value 70% of MSRP – .00125 Base Money Factor Rate
    36 mo/15k mi – Residual Value 60% of MSRP – .00125 Base Money Factor Rate
    48 mo/15k mi – Residual Value 42% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 33% of MSRP – .00322 Base Money Factor Rate

    2007 BMW 5 Series 530xiT / Compare Instant Lease Quotes

    24 mo/15k mi – Residual Value 70% of MSRP – .00090 Base Money Factor Rate
    36 mo/15k mi – Residual Value 60% of MSRP – .00090 Base Money Factor Rate
    48 mo/15k mi – Residual Value 38% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 30% of MSRP – .00322 Base Money Factor Rate

    2007 BMW 5 Series 550i / Compare Instant Lease Quotes

    24 mo/15k mi – Residual Value 70% of MSRP – .00150 Base Money Factor Rate
    36 mo/15k mi – Residual Value 59% of MSRP – .00150 Base Money Factor Rate
    48 mo/15k mi – Residual Value 37% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 29% of MSRP – .00322 Base Money Factor Rate

    2007 BMW 6 Series 650CiC Convertible

    24 mo/15k mi – Residual Value 72% of MSRP – .00322 Base Money Factor Rate
    36 mo/15k mi – Residual Value 61% of MSRP – .00322 Base Money Factor Rate
    48 mo/15k mi – Residual Value 51% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 42% of MSRP – .00322 Base Money Factor Rate

    2007 BMW 6 Series M6 Convertible

    24 mo/15k mi – Residual Value 72% of MSRP – .00322 Base Money Factor Rate
    36 mo/15k mi – Residual Value 61% of MSRP – .00322 Base Money Factor Rate
    48 mo/15k mi – Residual Value 51% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 42% of MSRP – .00322 Base Money Factor Rate

    2007 BMW 6 Series 650Ci Coupe

    24 mo/15k mi – Residual Value 65% of MSRP – .00322 Base Money Factor Rate
    36 mo/15k mi – Residual Value 54% of MSRP – .00322 Base Money Factor Rate
    48 mo/15k mi – Residual Value 45% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 37% of MSRP – .00322 Base Money Factor Rate

    2007 BMW 6 Series M6 Coupe

    24 mo/15k mi – Residual Value 70% of MSRP – .00322 Base Money Factor Rate
    36 mo/15k mi – Residual Value 60% of MSRP – .00322 Base Money Factor Rate
    48 mo/15k mi – Residual Value 49% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 41% of MSRP – .00322 Base Money Factor Rate

    2007 BMW 7 Series 750i Sedan

    24 mo/15k mi – Residual Value 68% of MSRP – .00200 Base Money Factor Rate
    36 mo/15k mi – Residual Value 58% of MSRP – .00200 Base Money Factor Rate
    48 mo/15k mi – Residual Value 37% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 30% of MSRP – .00322 Base Money Factor Rate

    2007 BMW 7 Series 750i Sedan w/Individual

    24 mo/15k mi – Residual V
  • I don't know what 10k/yr = 2000 means...When you do 10K the residual goes up to 63%, 12k=62%, 15k=60%...
  • If you're in the Bay Area, then there are plenty of dealers. Start faxing and do the deals over the email. For 1st time BMWFS customers, this is how you do the MF calculations:

    0.0005 Buy Rate
    0.00015 Add-on for 1st time BMWFS cust, waived if 1st deposit is made or if you're prior BMWFS customer.
    0.00007 Drops the MF by this amount with each SD made, max 8 (7 + 1st)
    0.00005 Lowest MF allowed, so with the buy rate at 0.0005, then the lowest you can get here is 0.00008.

    Dealers can add a MAX of 0.0004 to the buy rate for their profit!
  • skobolaskobola Posts: 207
    I believe that the max SDs is 7, which makes a maximum reduction of MF by minus .00049. As this is the first time that BMW had such a low MF (0.0005 = 1.2%), I have never heard of the lowest MF allowed being 0.00005, but that actually makes sense for BMW FS, as otherwise the interest would be too low. Note that your math in the above example was still not good, as MF 0.0005 with 8 SDs would make the MF a negative number, and with 7 SDs it comes to 0.00001 (=0.24%), which is almost no interest at all, but that would make the 0.00005 cap to apply, which may make a better deal to apply only 6 sec. deposits, which would make the MF of 0.00008, and which is probably what you meant.
  • Max is (7 + the 1st)...They had this rate for the 04 Roadster...

    0.0005 + 0.00015 (1st add on)
    0.0005 after 1 SD
    0.00008 (0.0005 - (6*0.00007)).

    Since the lowest allowed is 0.00005. IN THIS CASE it's 7 SDs if you're a 1st time BMWFS customer as i mentioned. I signed a deal like this...It's 6 if you're a prior BMWFS customer.
  • sm05sm05 Posts: 22
    I have posted my question on the 3-series thread -BMW 3-Series: Lease Questions.
  • sm05sm05 Posts: 22
    Thread No #935 under - BMW 3-Series: Lease Questions
  • :mad: Craigf14, does this mean they dropped off the car on Sat, and now there is a difference in MF? I had several bad experiences with Classic before, mainly in the service dept. I've decided to work out the best deal possible at Moritz/Dallas and then see if Classic will match...
  • Yes, I test drove the car all day Saturday. Apparently tax credits became available this past week so now they will only sell the car at MSRP rather than the $1500 off of MSRP they already offered. Yes, tax credits certianly help with the payment amonunt, but Classic does not lose a dime by passing the tax credits on to the buyer which Classic is not willing to do. Alos, I was just told that the MF of .0009 is not neogiatable. They will not even consider the MF of .0005 that apparently BMW is offering. These Dallas dealerships are tough.

    Apparently, Classic wants the entire profit between invoice and cost and want to almost double the MF.
  • fm1fm1 Posts: 20
    How much tax credit they are offering? Are you getting full 6.25%? Thanks.

    fm
  • Sorry to hear that. I bought my old X5 from Moritz because I ran into the same issues (Even though I grew up in Richardson). I now live in Frisco and will be near the new Classic when it opens in December.
    Couple questions:

    1. Does it really matter if you buy a 530 from Moritz or Classic? When I had my X5 in for service at Classic- I always felt like a second class citizen (could never get loaner cars, free car washes,etc.) My thought now is get my price at Moritz and get Classic to match it. If not, just get it from Moritz.
    2.What exactly is the tax credit, and where can I find out more info on it?

    SC
  • I got my new BMW yesterday! Thanks for your help 'oneon3putts'.

    Another question, while I was signing papers...dealer offered me some sort of tires and rims replacement program for $375. I said "no" to it but was it worth to get it? It supposed to cover road hazard damages but not on wheel damages from turning corner to close to scratch your wheel.

    I just wonder.

    Thanks for all your help!!
  • sm05sm05 Posts: 22
    Yes, the tire wrranty is definitly worth especially if you have run flats...
  • sm05sm05 Posts: 22
    Thread No #935 under - BMW 3-Series: Lease Questions. I need to get back to the dealer ..

    Thx in advance............
  • sm05sm05 Posts: 22
    Sorry for bringing 3-series question here .. but there was not answer there and I need to get back to dealer...

    Can someone Please help ?

    335i,metallic,PP.SP,Auto,Navig,Sirus,Comfort access,Heated seats,Paddle shifters,Wood trim.

    MSRP: 48,490.00
    24 months 12k miles.
    MF 0.0015
    Residual = 71%

    inception fees = 2332.00
    Payment 24 months = 628.49 ( incl tax )

    8 SD's = 584.00 per month

    Is this a good deal.

    Thx.
  • Okay, I'm assuming that this is a 335i sedan. The price I got was just a tad more:

    Option Description Invoice MSRP
    335i Base $35,605.00 $38,700.00
    205 Steptronic Auto Trans $1,210.00 $1,275.00
    ZSP Sport Package $1,455.00 $1,600.00
    ZPP Premium Package $2,230.00 $2,450.00
    609 Nav $1,910.00 $2,100.00
    655 Sirius $540.00 $595.00
    322 Comfort $455.00 $500.00
    2XA Paddle $90.00 $100.00
    494 Heated Seats $455.00 $500.00
    Destination Charge $695.00 $695.00
    Totals $44,645.00 $48,515.00

    Here are the calculations:

    MSRP $48,515.00
    Cap Cost $47,425.00
    Residual % 73.00%
    Residual $ $35,415.95
    Lease Term 24
    Monthly Depreciation $500.38
    Net Money Factor 0.00101
    Monthly Interest $83.67
    Base Payment $584.05

    The residual should be 73% on a 12k lease. I don't know if that was a typo on your message. The cap cost break down is:

    Invoice $44,645.00
    Amt over invoice $1,775.00
    MACO $380
    Inception $625
    Total $47,425.00
    $0 Down payment (Cap reduction)
    Refundable SD $5,200

    What is the $2332.00 inception fee? Is that a down payment? I don't know where you live, so I don't know if $1,775 over invoice is a good deal. You need to clarify what the $2332 is...
  • sm05sm05 Posts: 22
    Hi , Thanks.
    This is the breakup I got from the dealer. He says he makes only 570.00 out of the deal. Its a demo.

    335i sedan,metallic,PP.SP,Auto,Navig,Sirus,Comfort access,Heated seats,Paddle shifters,Wood trim.

    MSRP: 48,490.00
    24 months 12k miles.
    Residual 71% = 34427
    Demo Miles = 1500 -501 @15c/mile = -(149.00) ( discount)
    Mileage Adj: +2% = 969.80
    Adj residual value = 35247.00
    Rate = 0.0015
    dealer price = 45,100.00
    selling price = 45,670.00

    Adjusted selling price = 45685.00

    assignment fee = 625.00
    tax = 1047

    total Cap Cost = 47,367.70

    inception fees = 2332.

    Payment 24 months = $$628.49

    Inception =
    First months payment of $545,
    1 Security deposit = ( I have to confirm this )
    Bank fee of $625
    MV Tax 3 yrs $262.50.
    Document fee of $159,
    State Tire tax of $6.00

    It looks like he added tax to the Cap Cost. Is this normal?

    He is giving at 71% residual but adding 969.80 to residual bring 73% ?? a funky way i thought.....

    Also, for 8 SD's of 4800.00 for 24 months then he is giving rate .00132 , 73% residual, Cap Cost 46,819.58 .
    Pymt Monthly $$584.44
  • Okay, it looks he's ALL over the place with this. Why is he deducting the 1500 demo miles from the residual? Also, why minus the 501 in the mileage calculation? I've never heard of rolling tax into the cap. Why would you do that? You're going to pay interest on it. Also, what's the MV tax for 3 years? Is that a state law? Document fee of $159, state? In addition, there's an assignment fee of $625 (profit), but then you're paying another inception at signing of $625. At 8 SDs, you're MF should be 0.00101, he's marking it up by 0.00031. He's making more than $570...Look at my prior calculation, he was making $1700 on a NEW car, so he's at least making that here...Way too many variables here. With that kind of monthly, you can get into a 530i given it's low MF right now...
  • Yes, full 6.25% tax credits if they have the car you want on their lot, not if it is ordered or if they have to trade for it.
  • sm05sm05 Posts: 22
    I tried to break it up -

    MSRP: $48,490.00 24 months 12k miles.
    Invoice Price = $44645.00
    Residual 71% = $34427.00
    Adj residual value = $35247.00 ( $34427 + $969.80 ){It should have actually been $35396 for 73% so he is up by $149.00}
    As I am not paying tax $1047 upfront its spread across 24months and he is adding to Cap Cost to charge interest on that as well ?
    Total Cap = $44645.00 + $1047 + $570.00( his profit) =
    $46,262.00
    Monthly Depr = $458.96
    Int = $122.26
    pymt = $581
    Pymt with tax = $581 + $43 = $624 close to his offer of $628.49. What do you think ?

    However, I need to check on the MF markup to .00132 with 8SD's
  • If you're spreading the tax, then what is the $1047 added to the cap cost? In a lease, you're paying the difference between the cap and the residual. Look at your calculation, you're adding $1047 to the cap but in your payment you're adding $43 tax to the base. I wouldn't do this deal...Order a new car with the SAME options, and offer them this to start:

    MSRP $48,515.00
    Cap Cost $46,220.00
    Residual % 73.00%
    Residual $ $35,415.95
    Lease Term 24
    Monthly Depreciation $450.17
    Net Money Factor 0.00101
    Monthly Interest $82.45
    Base Payment $532.62

    Invoice $44,645.00
    Cap Additions to Invoice:
    Amt over invoice $570.00
    MACO $380.00 (Dealers in certain small areas won't charge this)
    Inception Markup $0.00
    Inception Fee $625.00
    Down Payment $0.00

    MF
    Buy rate 0.0015 w/one SD
    Additional SD = 7
    Total SD = 8
    Net MF 0.00101

    That's $570 over invoice (amount that he SAID he was making) and work up from there depending on what the going rate is for that car in your area. You can figure out your tax by Base Payment * tax rate...
  • sm05sm05 Posts: 22
    Ahh.. You got it! Double Taxation ....

    Yes a new car or I will bring this one down by $40.
    If this does'nt work, I may go for the 530xi we discussed earlier...

    I will keep you posted..
    thx for a lot.....
  • sm05sm05 Posts: 22
    While pricing the new car Metallic Paint $475.00 shows up as $0 charge value on edmunds but a $475 is added to the on the BMW website.
    Should dealers addin this to the MSRP as an additional charge?
  • Craigf14,I visited Moritz today and got a pretty good quote. Email me at scandy95@yahoo.com and I will pass along contact info.

    SC
  • tdbrphtdbrph Posts: 29
    There is no charge for metallic paint or floor mats ;) on the 530i

    Triston
  • Hi Car Man,

    I went to a dealer yesterday and put a $500 deposit down on a 525i MT cold weather package w/sirius radio. He said I needed to put a deposit down for them to order the car.

    The details are as follows:

    MSRP $45,540
    Selling Price $43,690
    Residual 15,000 miles per year 36 months 60% ($27,324
    Money Factor .00075
    $525 plus tax per month 36 months

    I thought this was a good deal but now I'm getting worried that it's not. What do you think?

    Also, I think the dealer included the destination charge twice, once in the selling price and then again at the end. I say that because if the MSRP includes the destination charge then the selling price should include it as well, correct?

    Lastly, in previous postings you mentioned you can bring down the MF by paying additional security deposits. How does that work? I can't figure out where in my calculations to put the SDs to bring down the MF and my payments.

    Thanks in advance!
This discussion has been closed.