Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
BMW 5-Series Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
I was just offered .0040 (seems high huh?) with a 60% residual on a 530i for a 36mo, 15k/yr lease. I know Feb's numbers got a bit worse...does it sound like I'm getting ripped off or is that about right? Thank you for your help.
Carman?
I am considering the above two. Also I see that xiT MF has gone up 0.0009 to 0.0012 to 0.0014. Should I expect them to continue to go up or is that also depends on when the 2008 show up
do you let them run credit report before the deal
or only after you reached your desired deal ?
If you are making the multiple security deposits, they are paid at the time of lease initiation.
However, if I assume correctly, it seems that you have not started your lease yet, so I believe that on 2/12 or later, you will have to pay February rate, with or without the MSDs.
However, maybe that difference will not be worth it to you if you are a type who likes to exchange cars frequently, so about 12-13% higher payment will not hurt you as much as you will be sorry waiting for yet another year to get a new car...
Went to a dealership today and he quoted me 2400 down and 599plus tax a month. I know they can do better, but didn't know how low they can go.
Can you figure out the best payments I could get. Thanks
so here is what I have right now
530XiT for 58570 (MSRP 60570) with Sport, Auto, Nav, Premium, Heated front, Park distance
15k, no deposit, no money down, first month plus tags for 868/month for 36 months
Opinions?
Car man?
sales tax in maryland is i believe on the sale price of the car, not on the monthly payment.
Does tha make a difference?
BTW in case you care, 525xi, 15k miles/36months, Cold Weather package, Navi........... thats it, no xenon HL (regret), no premium or even just leather (regret). about 6200 down which is all taxes and 2500 towards cap. then 509/month for the rest. NEW YORK MSRP is like 50K i think
I hope it works out for you.
My sales person tagged on $180 Training Service Fee. When I asked him what that was he said "The $180 training fee is what BMW charges every dealer in the country for training of the sales people and technicians on your car so when you call with a question, we can answer you correctly and for us to spend the hour or two going over you car with you on delivery... Not for you learning it." Is this true?
Manual Transmission
Cold Weather Package
Sat Radio
Selling Price: $43,690
Residual: 60%
MF: .00065
Terms: 36 mths/15,000 mls
$525/mth plus tax, tags etc.
TERRIBLE DEAL!
Manual Transmission
Cold Weather Package
Premium Package
Navi System
Sat Radio
Xenon Lights
Selling Price: $46,400
Residual: 60%
MF: .00055
Terms: 36 mths/15,000 miles
By the time they tacked on MACO, Markup & Acq Fee the price of the car was $48,095
Monthly pymnts $541.67 + tax (Ohio), tags & title
I pick up my baby on 3/2/07 and I can't wait.
By the way, I ordered it 3 times with the same dealer...
1. 530xi - Titanium Silver
2. 530xi - Silver Gray (decided I didn't like the silver)
3. 525i - mentioned above (I was nervous to change it this third time...but he was cool about it.)
In general, you can get the car at invoice or slightly above. You can find invoice prices in several locations on the web including edmunds. I would not worry too much about xenon lights and leather package, as these do not detract much from the feel of the car.
It looks like you have some room to negotiate price wise and you can always go back to the dealer and request an adjustment since you have not taken possession of the car.
Good Luck
Would likemtoknow the dealership where you got your 530. Looking for one myself.
Thanks,
D.
My educated guess is that the Euro Invoice price is around $37k. I'd like to offer $1,000-$1,500 over this (plus options)--is this reasonable?
Thanks again for all of your help so far..
Question: As I was signing my paperwork, the finance person offered a $725 "safe lease" option which supposedly protected me from the lease end costs of door dings, damages, etc...I'm looking for opinions on this coverage?? What have others done? The finance person began by saying that "95% of people typically take this option"...so, I was very skeptical from the start.
Thanks!
2007 525i [non-permissible content removed] Silver
Auto Transmission
Premium Pkg
Cold Weather Pkg
Nav
Xenon
Sat Radio
MSRP: $51,515
Selling price: $48,615
Acq: $825
62% Residual on 12k/year
MF: .001 (absolutely would not budge any lower)
http://www.bimmerfest.com/forums/showthread.php?t=158614
MSRP $57,170
Cap Cost $56,170
MF 0.00140
Residual 62%
Monthly payment $728, including tax $788
Driveoff is $1279.
This is for a 3-year lease, 12k a year. No security deposit, $0 down, only drive-off. I leased with BMW before. In fact, it's the same northern California dealership I leased with.
Any feedback on whether this is a good deal or not?
I hope this helps.
corsche
You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to work up a sample lease payment on the car that you are interested in for you if you let me know what these numbers are.
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
What do you think?
Can someone tell me what the money factor and residual on a 2007 530xi 12K miles for 36 months is? Thanks in advance
USA MSRP w/Destination Charge: $52,485.00
Euro Invoice Cost: $44,350
(Auto, NAV, Sirius,Premium, Premium Sound, Cold Weather)
My Offer: $46,124 (Invoice + 4%)
Total: $46,694 (Incl. Dest + Lease Fee-Trade (I'm going to ask for $750 for my '97 Explorer)
36 mo/15k Lease 60% Residual .00075 MF
$495.37 Payment (includes 3% NC Sales Tax)
If I am planning on buying the car at the end of the lease should I just lease at the lowest rate/highest residual (36mo/10k miles)?
Thanks very much!
I'm not sure that I understand your second question. Are you asking when you would have to pay your multiple security deposits? If so, they are due at lease signing.
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
I urgently need your advice on final negotiations. This is the proposed deal with a sales price after 3% discount and long negotiations for trade in. I am ok with sales price, but not MF.
68,835 MSRP
60,780 sale price
2,000 down payment
700 security deposit
625 acquisition fee
398 registration, etc.
3.00% sales tax
10,000 miles/year
36 lease term
62% residual
0.00190 money factor
How in the world do I get the F&I manager off the .0019 MF ?(the Jan BMWFS rate was .0015, what is the Feb rate for above lease?)
Dealership has been less than forthcoming with transparency and tried to snow me for weeks while the car was on order under original presumption that "MF is not negotiable and I will get best rate available anyway". Your excellent forum has shown me that this is certainly not the case, but I might be too late.
Any last minute advice, any leverage I might have at this point before picking up the vehicle tomorrow?
Thanks so much,
LSMB
2007 530xi
MSRP $54,220
Cold Weather Pkg
Premium Pkg
Automatic
Selling price $52,500
36 months, 15,000 miles
$4000 includes all fees and cash down
$699/month
residual $32,500 which I understand is 60% of MSRP
I believe the money factor is .00185, no security deposit
How does the european pickup work logisticall?
J
Pick up the car at the delivery center.
Vacation in Europe.
Return the car to the designated shipping agent (In Munich, or other city).
Fly home.
Wait for your car to be delivered to your dealer (4-6 weeks, generally).
All auto transportation is included in the price... Your transportation and expenses are on your dime.
Check out this discussion: BMW European Delivery
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Invoice is $42,500 - dealer profit around $2,200.
Cash down is only $800, 1st pmt and DMV. Aquic fee & taxes are in monthly pmt. Car being picked up today.
Is there anything else I can get from dealer?
Or that you would ask for.
Thx