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BMW 5-Series Lease Questions
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I think you can do a little better than that.. If you want my assistance I can guide you to a dealership. I just recently purchased a 530i. MSRP of 54,070.00, paid $900.00 over invoice - 36mo./15k/0 down with 5 sec. deposits go it down to $585.00 a month including tax. Let me know if you need my help!
Sounds like a good deal. Which state are you in?
Metallic paint
nav, premium, sport, parktronic, auto trans, Sirius radio, cold weather, power rear sunshade
15000 mi/year
I would prefer zero down, zero drive off, zero security, paying only first month's payment, if doable.
How should I approach this? Obtain several dealer bids first? I think I have access to invoice pricing, but, as I am very new to this, any help and/or suggestions would be much appreciated.
I am located just north of San Diego, with access to dealers in that area as well as LA.
I certainly thank you for your time.
Richard
I just also did a X3 for my wife too today
I am female with great credit but when I go to dealership I usually get hustled. Only successful experience has been with autobytel. I hear of all these great deals can anyone share guy tips with me? Do you go in with list of what you are looking for and what you will spend? When you follow car man advice of no down--does that always raise money factor? What kind of money factor and residual can one expect with no sec dep or money down with 36 month lease?
I'm from the Bay Area, California where everything is
expensive :mad:
Car_man
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Prices Paid Forum
Car_man
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BMW Financial Services' current buy rate lease money factor for the 2007 550i is .00150 for up to 42 months.
Car_man
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Prices Paid Forum
Car_man
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BMW Financial Services' new buy rate lease money factor for a 36 month lease of the 2007 530i is .00090 with the payment of a security deposit at lease signing and .00105 with the deposit waived.
Car_man
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Prices Paid Forum
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Carman, I am trying to lease an 07 530xi with the following options: premium package, cold weather package and auto. Dealer quoted me 36 month 10k miles, 633.93/month including tax. This is based on 7msd at $4550, 1st month, bank fee, doc, title reg etc at $1852 for a total of $6402. 63% residual at end ($34158). This is based on a $51940 selling price, MF of .00111. He is claiming invoice of $50400. He states that with out the 7 msd, my MF would be .00160. This seems kind of high. Any help would be appreciated.
Car_man
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You're right, if the dealer that you are working with told you that the selling prices of leased vehicles are set at full MSRP they were lying. The selling prices of leased vehicles is negotiable just as if you were paying cash for or financing them. You definitely should not have to pay full MSRP this car. You should be able to get an idea of how much you will have to pay for it right now by visiting the following discussion: "BMW 5-Series: Prices Paid & Buying Experience".
BMW Financial Services' current buy rate lease money factor for the 2007 530xi is .00090. Make sure that the dealer you are working with uses this factor to calculate your car's monthly payment.
Car_man
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Prices Paid Forum
As far as how much you should pay upfront on your lease goes, consumers can and should lease any vehicle that they are interested in without making any sort of capitalized cost reduction, aka down payment. All you will have to pay at lease signing are your car's first month's payment, a security deposit that is equivalent to its monthly payment rounded up to the nearest $50 increment, BMW Financial Services' $625 acquisition fee, and any required state taxes or fees. In fact, you can even have your car's security deposit waived in exchange for a slightly higher monthly payment.
This car's lease program varies depending upon how long you lease it for and its mileage allowance. For now I will assume that you want a 36 month lease with 15,000 miles per year. Let me know if you want something different. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW 525xi with 15,000 miles per year are .00140 and 60%, respectively. The numbers for an otherwise identical lease of a 2007 530xi are .00160 and 60%. I would be happy to use these numbers to estimate what these cars' lease payments should be, but in order for me to do so I need you to tell me the exact MSRPs and approximate selling prices of the models that you want.
Car_man
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The money factor that you are being charged for this car is too high. BMW Financial Services' current buy rate lease money factor for this car is only .00065. You will receive a .00007 reduction from that for every additional security deposit that you make. A $4,000 total security deposit sounds like it includes around five additional deposits. This would result in a total money factor reduction of .00035, bringing your car's buy rate money factor to around .00030. Make sure that this is the factor that is being used to calculate your vehicle's monthly payment. Also, make sure to stop by the following discussion to compare the price that you were quoted to the prices that other community members have paid for similar cars lately: "BMW 5-Series: Prices Paid & Buying Experience".
Car_man
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If you believe that you are paying too much for this car, you should try to renegotiate your deal or comparison shop with a few other dealers to see if you can beat this price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them.
BMW Financial Services' current buy rate lease money factor for the 2007 530xi Wagon is .00125. With the seven additional security deposits, a reduction of .00049, this model's buy rate drops to .00076. Make sure that the dealer you are working with uses this factor to calculate your wagon's monthly payment.
Car_man
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Car_man
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Car_man
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The best way to approach getting a good deal on your lease is to negotiate as low a selling price as possible on the car that you want. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Negotiate a great price then have the dealer that you are working with calculate your car's monthly payment using its buy rate lease money factor. BMW Financial Services' current buy rate for the 2007 530i is .00090 with the payment of a security deposit at lease signing and .00105 with the security deposit waived. Make sure that this is the money factor that the dealer uses to calculate your lease because BMW dealers are notorious for marking money factors up to add additional hidden profit to deals.
Good luck and let me know if you have any other questions.
Car_man
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Prices Paid Forum
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my sweet spot is 36mo/10Kmiles with flexible money down to keep monthly below $700 for personal reasons.
On discussion notes from dealer I saw 62% residual and a MF of .00205, no mention of acquisition fee or security deposit, and cannot reconcile BMW website monthly with first dealer proposals. Strange and evasive discussion without transparency on line items and terms.
1) was told that MF and residual are BMW set and fixed (non negotiable). doesn't sound that way from reading your discussions, where MF's are in a much lower range than .00205.
2) are the low rates i am seeing just specials and mine is just regular rate because 550i not covered under any lease special ?
3) any NC specifics i should be aware of?
Thanks very much for any advice,
lsmb
Thx.
I don't know specifically about NC, but the BMWFS lease rates for Jan 2007 for 550i are:
2007 BMW 5 Series 550i /
24 mo/15k mi – Residual Value 70% of MSRP – .00150 Money Factor Buy Rate
36 mo/15k mi – Residual Value 59% of MSRP – .00150 Money Factor Buy Rate
48 mo/15k mi – Residual Value 37% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 29% of MSRP – .00322 Money Factor Buy Rate
Add 2% to Residual Value for 12k mi/yr and 3% for 10k mi/yr on all terms.
It appears your dealer is providing the correct residual value, but charging you more for the MF. Also, the MF quoted from BMWFS of .0015 assumes a security deposit.
I am negotiating a similar lease in CA incase you wanted to know why I am up on these numbers.
Good luck,
George
thanks - very helpful. Are those published rates or where can I find them? any link?
Researching the topic of the BMW lease calculation a bit more I found a very useful excel calculator in another forum, creating total transparency around all the input elements. Thought you might enjoy this one for your negotiations:
http://forums.e60.net/lofiversion/index.php/t19212.html
Good luck to you too,
lsmb
Those are published rates that come out once a month. I find them posted at the following location.
http://forums.mbworld.org/forums/archive/index.php/f-73.html
Scroll down to the bottom and click the link for BMW Lease Rates - January 2007.
Thanks for the other link.
George
http://forums.mbworld.org/forums/archive/index.php/t-176567.html
I will try to cut and paste the January 2007 rates in this note for you.
BMW Financial Services Lease Rates and Residuals – Effective 1/5/07
These lease programs are provided by dealer partners of LeaseCompare.com (http://www.leasecompare.com). This data is for reference only and may vary by geographic region. Your dealer does not have to offer you these rates. It’s always best to compare other lease programs through an independent leasing source such as LeaseCompare.com (http://www.leasecompare.com).
Add 2% to Residual Value for 12k mi/yr and 3% for 10k mi/yr on all terms
2007 BMW 328Ci Coupe / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=120&StyleID=107)
24 mo/15k mi – Residual Value 68% of MSRP – .00125 Money Factor Buy Rate
36 mo/15k mi – Residual Value 58% of MSRP – .00125 Money Factor Buy Rate
48 mo/15k mi – Residual Value 43% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 35% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 328 Series 328xi Coupe / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=120&StyleID=110)
24 mo/15k mi – Residual Value 68% of MSRP – .00100 Money Factor Buy Rate
36 mo/15k mi – Residual Value 58% of MSRP – .00100 Money Factor Buy Rate
48 mo/15k mi – Residual Value 44% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 36% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 328 Series 328i Sedan / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=120&StyleID=112&vehicle=2007+BMW+328)
24 mo/15k mi – Residual Value 71% of MSRP – .00190 Money Factor Buy Rate
36 mo/15k mi – Residual Value 61% of MSRP – .00190 Money Factor Buy Rate
48 mo/15k mi – Residual Value 44% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 35% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 328 Series 328xi Sedan / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=120&StyleID=113&vehicle=2007+BMW+328)
24 mo/15k mi – Residual Value 71% of MSRP – .00190 Money Factor Buy Rate
36 mo/15k mi – Residual Value 61% of MSRP – .00190 Money Factor Buy Rate
48 mo/15k mi – Residual Value 44% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 35% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 328 Series 328i Wagon / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=120&StyleID=120&vehicle=2007+BMW+328)
24 mo/15k mi – Residual Value 70% of MSRP – .00225 Money Factor Buy Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00225 Money Factor Buy Rate
48 mo/15k mi – Residual Value 41% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 33% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 328 Series 328xi Wagon / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=120&StyleID=122&vehicle=2007+BMW+328)
24 mo/15k mi – Residual Value 70% of MSRP – .00225 Money Factor Buy Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00225 Money Factor Buy Rate
48 mo/15k mi – Residual Value 41% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 33% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 335 Series 335i Coupe / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=122&StyleID=105&vehicle=2007+BMW+335)
24 mo/15k mi – Residual Value 68% of MSRP – .00175 Money Factor Buy Rate
36 mo/15k mi – Residual Value 58% of MSRP – .00175 Money Factor Buy Rate
48 mo/15k mi – Residual Value 43% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 35% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 335 Series 335i Sedan / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=122&StyleID=110&vehicle=2007+BMW+335)
24 mo/15k mi – Residual Value 71% of MSRP – .00150 Money Factor Buy Rate
36 mo/15k mi – Residual Value 61% of MSRP – .00150 Money Factor Buy Rate
48 mo/15k mi – Residual Value 43% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 35% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 5 Series 525i / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=135&StyleID=105&vehicle=2007+BMW+525)
24 mo/15k mi – Residual Value 70% of MSRP – .00065 Money Factor Buy Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00065 Money Factor Buy Rate
48 mo/15k mi – Residual Value 39% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 31% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 5 Series 525xi / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=135&StyleID=108&vehicle=2007+BMW+525)
24 mo/15k mi – Residual Value 70% of MSRP – .00140 Money Factor Buy Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00140 Money Factor Buy Rate
48 mo/15k mi – Residual Value 40% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 32% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 5 Series 530i / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=135&StyleID=110&vehicle=2007+BMW+530)
24 mo/15k mi – Residual Value 70% of MSRP – .00090 Money Factor Buy Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00090 Money Factor Buy Rate
48 mo/15k mi – Residual Value 40% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 32% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 5 Series 530xi / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=135&StyleID=113&vehicle=2007+BMW+530)
24 mo/15k mi – Residual Value 70% of MSRP – .00160 Money Factor Buy Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00160 Money Factor Buy Rate
48 mo/15k mi – Residual Value 41% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 33% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 5 Series 530xiT / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=135&StyleID=116&vehicle=2007+BMW+530)
24 mo/15k mi – Residual Value 70% of MSRP – .00125 Money Factor Buy Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00125 Money Factor Buy Rate
48 mo/15k mi – Residua
24 mo/15k mi – Residual Value 70% of MSRP – .00125 Money Factor Buy Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00125 Money Factor Buy Rate
48 mo/15k mi – Residual Value 37% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 30% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 5 Series 550i / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=135&StyleID=130&vehicle=2007+BMW+550)
24 mo/15k mi – Residual Value 70% of MSRP – .00150 Money Factor Buy Rate
36 mo/15k mi – Residual Value 59% of MSRP – .00150 Money Factor Buy Rate
48 mo/15k mi – Residual Value 37% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 29% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 5 Series M5 / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=135&StyleID=150&vehicle=2007+BMW+M5)
24 mo/15k mi – Residual Value 69% of MSRP – .00322 Money Factor Buy Rate
36 mo/15k mi – Residual Value 57% of MSRP – .00322 Money Factor Buy Rate
48 mo/15k mi – Residual Value 45% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 35% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 6 Series 650CiC Convertible / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=145&StyleID=130&vehicle=2007+BMW+650)
24 mo/15k mi – Residual Value 70% of MSRP – .00322 Money Factor Buy Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00322 Money Factor Buy Rate
48 mo/15k mi – Residual Value 50% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 41% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 6 Series M6 Convertible / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=145&StyleID=155&vehicle=2007+BMW+M6)
24 mo/15k mi – Residual Value 70% of MSRP – .00322 Money Factor Buy Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00322 Money Factor Buy Rate
48 mo/15k mi – Residual Value 50% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 41% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 6 Series 650Ci Coupe / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=145&StyleID=110&vehicle=2007+BMW+650)
24 mo/15k mi – Residual Value 64% of MSRP – .00322 Money Factor Buy Rate
36 mo/15k mi – Residual Value 53% of MSRP – .00322 Money Factor Buy Rate
48 mo/15k mi – Residual Value 44% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 36% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 6 Series M6 Coupe / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=145&StyleID=150&vehicle=2007+BMW+M6)
24 mo/15k mi – Residual Value 70% of MSRP – .00322 Money Factor Buy Rate
36 mo/15k mi – Residual Value 59% of MSRP – .00322 Money Factor Buy Rate
48 mo/15k mi – Residual Value 48% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 40% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 7 Series 750i Sedan / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=160&StyleID=110&vehicle=2007+BMW+750)
24 mo/15k mi – Residual Value 68% of MSRP – .00200 Money Factor Buy Rate
36 mo/15k mi – Residual Value 58% of MSRP – .00200 Money Factor Buy Rate
48 mo/15k mi – Residual Value 36% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 29% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 7 Series 750i Sedan w/Individual
24 mo/15k mi – Residual Value 63% of MSRP – .00322 Money Factor Buy Rate
36 mo/15k mi – Residual Value 53% of MSRP – .00322 Money Factor Buy Rate
48 mo/15k mi – Residual Value 32% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 25% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 7 Series 750Li Sedan / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=160&StyleID=115&vehicle=2007+BMW+750)
24 mo/15k mi – Residual Value 68% of MSRP – .00200 Money Factor Buy Rate
36 mo/15k mi – Residual Value 58% of MSRP – .00200 Money Factor Buy Rate
48 mo/15k mi – Residual Value 36% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 29% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 7 Series 750Li Sedan w/Individual
24 mo/15k mi – Residual Value 63% of MSRP – .00322 Money Factor Buy Rate
36 mo/15k mi – Residual Value 53% of MSRP – .00322 Money Factor Buy Rate
48 mo/15k mi – Residual Value 32% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 25% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 7 Series 760Li Sedan / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=160&StyleID=120&vehicle=2007+BMW+760)
24 mo/15k mi – Residual Value 57% of MSRP – .00322 Money Factor Buy Rate
36 mo/15k mi – Residual Value 47% of MSRP – .00322 Money Factor Buy Rate
48 mo/15k mi – Residual Value 35% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 29% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 7 Series 760Li Sedan w/Individual
24 mo/15k mi – Residual Value 54% of MSRP – .00322 Money Factor Buy Rate
36 mo/15k mi – Residual Value 44% of MSRP – .00322 Money Factor Buy Rate
48 mo/15k mi – Residual Value 33% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 27% of MSRP – .00322 Money Factor Buy Rate
2007 BMW 7 Series Alpina B7 Sedan / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=160&StyleID=130&vehicle=2007+BMW+Alpina)
24 mo/15k mi – Residual Value 58% of MSRP – .00322 Money Factor Buy Rate
36 mo/15k mi – Residual Value 49% of MSRP – .00322 Money Factor Buy Rate
48 mo/15k mi – Residual Value 35% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 28% of MSRP – .00322 Money Factor Buy Rate
2007 BMW X3 Wagon 3.0si 4WD / Instantly Compare Lease Payments HERE (http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=100&Mo- delID=170&StyleID=120&vehicle=2007+BMW+X3)
24 mo/15k mi – Residual Value 75% of MSRP – .00200 Money Factor Buy Rate
36 mo/15k mi – Residual Value 65% of MSRP – .00200 Money Factor Buy Rate
48 mo/15k mi – Residual Value 40% of MSRP – .00322 Money Factor Buy Rate
60 mo/15k mi – Residual Value 32% of MSRP – .00322 Money Factor Buy Rate
2007 BMW X5 4dr Wagon 3.0
• Monaco Blue
• Gray Leather
• Anthracite Wood Trim
• Sports Package
• Cold Weather
• Navigation
• Split Folding Rear Seat
MF .00150
Dep Factor .59
MSRP $65,320
Negotiated Price $63,270 (probably could have done marginally better, but I was lazy)
36mo/15,000 miles per year
$950 per mo
Taxes & Fees in
$2100 down – for 1st & last mo. pmts + tags & inspection
Thanks in advance for your thoughts.
Dave
1) Is it reasonable to get the negotiated price in my lease to be less than MSRP if I order a car to my specs to be delivered to my local dealer? Or is real negotiating room only on the cars on the lot? (I can't find anything close to what I want on the lots in South Florida.)
2) Does anyone know how much time is left to order a 2007 model before factory starts producing new model year? One dealer told me I only have a few days left.
3) Is the BMW MF buy rate the best I'll get w/o additional security deposits?
4) Do you always pay the $625 acq fee upfront on a lease?
5) If not bothered about having 2007 vs. 2008 model, is this going to be the best time (price-wise) to lease a 5-series for a while?
Thanks for all the information on this site. I've learned a lot already.
Tom
2) Your dealer may be correct. I've heard that the '08s will be here in March.
3) Yes.. the buy rate is the cheapest.
4) You don't always have to pay it upfront. But, you have to pay it. It can be rolled into the CAP cost.
5) If I were leasing, I wouldn't wait..
Good luck,
kyfdx
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best quote is 30 months at $540 per month (10K miles per year) Dealer wants $1500 down for fees. the MF is .00085 and the cap cost is $44,700 which includes $500 corp discount through my corporation, so dealer is only discounting about $1,400. Car must be ordered. Can I do better? Looking for $520 per month and $700 down at signing, can this be achieved?
How long does a credit application thru BMW last?
2nd quote was with dealer who I was approved through BMWFS at end of Dec, dealer says application expires after 60 days and a car can't be delivered at those terms after expiration. deal is $520 per month $700 down .0005 MF. my 1st pmt would be due before current lease expires - will BMW waive last pmt? Also, dealer wants a $2,000 deposit to order vehicle. Should I put thatlarge a deposit?
Please help!
Thank you
Deposit seems high, I had to put down $1000 for a fully loaded 550i in Chapel Hill, NC. However, since you get it back when the car arrives, the "damage" is only of temporary nature.
I too was told, that a a specific lease offer expires after 60 days, which is roughly the time it takes to get the car here. So, the timing of locking the best rate in is relevant, since you will be protected against hikes and benefit from lower rates as long as you are in the 60 day window. All bets seem to be off after that.
Good luck!
Did I say we really, really love the car! We traded in a 20 year Acura Legend L which was one major repair from the junkyard waiting to happen, so all the neat creature comforts are pretty cool. We had shopped the NYC and Philly car shows and the one brand we did not shop was BMW, I was convinced I would buy one of the Japanese luxury types. But, the Ultimate Service features and the lease deals made me look closer at BMW and in almost every category, BMW came out ahead.
Car: Monica Blue/Beige (lots of people raved over this color) Premium, Cold Weather, NAV, and Logic7 (got all-weather mats, rear bumper reflectors thrown in).
Deal: $1,500 over invoice (Southern NJ, Philly ares). 7 total security deposits (1+6). 36mo/10K. No money down. Dec MF with 6 MSDs = .00005. Total monthly payments with NJ 7% tax plus upfront "luxury tax" (.4% for amt. over $45K)= $537.33
Also found out that if you buy extra miles at $0.16/mile and you don't use it all, you get refunds on unused mileage. If I went with 12K, I would not get refunded the 1K which I will not use (based on my last car's mileage usage). So, for me going with the lower 10K and paying at $0.16 makes sense.
Thanks again.
Joe
I just picked up a 530i that I ordered in November at Lauderdale BMW. They were excellent. I live in Miami, and got a much better deal with them in Lauderdale than I could with either of the dealers in Miami. To answer some of your questions:
I ordered the car to my specs, and negotiated everything via email before I finalized the order. I met the salesman for the first time when I went to pick up the car. They were extremely professional, and without haggling, they were offering me about $2K off MSRP.
I got a 530i with the manual trans, the premium package, and satellite radio. 36 months, 15K miles per year, no money down, no acquisition fee (just 1 security deposit of $650, first month's payment, and tags). My payment including taxes is $624. I asked about the acquisition fee, and they told me it wasn't required.
I would think that the 2007 models are going to be very well priced until they start building the 2008s. If you are okay with the 2007 (like I was), go for it. You can't beat the deal. If you want my guy's specifics at Lauderdale BMW, just email me and I will be happy to give you his name. It was the most pleasant buying experience I have ever had.
I just put an order in for almost the same exact car. I have a lease rate almost identical as well, except I am getting the Steptronic trans. Included in my capitalized cost is the acquisition fee which is $825 (not 625) at the same dealer (Ft Lauderdale) as well as the charming dealer prep fee of $499 (full tank of gas and detailing a brand new car) which I found infuriating, but they would not budge on this.
The best way to figure out what you are paying is to ask for the capitalized cost. My guess is that you will find the missing $1324 in there. Anyway, to get a couple grand off with a car that they can barely keep in stock seems good and I bit the bullet.
But, the 2008 will be here in the summer. Any idea on the MSRP or the anticipated money factor? Since my car comes in in March I wonder if I should just wait for the 2008?
Happy Driving
I checked my paperwork when I read your reply, but no, my capitalized cost was $48590, exactly $2K under MSRP. And there was no dealer prep or acquisition fee. I specifically asked about the acquisition fee, and they told me there was none. My inceptions were first payment, a $650 security deposit, and $150 for tags and taxes. Came out to $1496.
Since I wanted mine with the manual trans, I had to order it, and to be honest, I love the car. I just got out of a MB, and this car is such a better drive. I was looking at the new X5's, but the lease rates were horrendous. They told me that BMWFS were not supporting the X5 with any special money rates, and it was a ripoff, though it is a beautiful car/truck. I anticipate that when the 2008 5's come out, they will be in a similar situation, though who knows? As for MSRP, I guess it will be about $1500-$2000 higher, but they haven't announced anything yet.
Good luck with your decision.