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BMW 5-Series Lease Questions

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Comments

  • netman710netman710 Member Posts: 3
    Is this a good deal ?

    53000.00, options (auto, PP, cold, ipod, nav, mats), MSRP 58,100.

    39mo, 56% residual, 12k/yr, 761/mo incl taxes.

    3372 due at sign,includes(1st month, SD, bank fees, doc, dealer prep)

    :confuse:
  • ctshorsectshorse Member Posts: 13
    current bmw lease ends july-15
    current pmts 715 after zero down
    2006 - 530i, auto, prem, cold - NOTHING ELSE

    current offer for new lease:
    535i 2008
    sport
    sport auto trans w/paddles
    nav
    prem, cold
    logic7 radio
    sat, ipod adap
    power rear shade

    msrp $61K

    sale price 52,500
    plus paying last month of current lease ending in july

    resid 53%
    mf .0017
    12K
    1500 down less the last month of current lease
    $717/ mo

    It looks like this deal is too good to pass on. I'm not thrilled about the sport package but with that package out, it still looks like a darn good deal. Am I missing something? I was going to order a 535i with same as I have now plus nav and sat and the payments were about the same. This deal is throwing in $6K in options for nothing?

    Also, would anyone who has the sport package recommend the sealers suggestion I add a dealer tire warranty?
  • x021627x021627 Member Posts: 152
    wow......overall except the $1500 down on the lease. One should never put $$$ down, but otherwise. I did get the tire warranty for my 528xi. I put 3 tires in 2 years on a 2005 Lexus (potholes) and that would have more than paid for tire warranty. I would advise, though to either bargain with dealer over tire warranty or get it on your own cheaper.

    good luck and et us know what you decide.
  • tmass1tmass1 Member Posts: 1
    I went to two different dealers recently and was offered two completely different terms and deals. One had a better lease rate and the other was selling the same car for much cheaper. Maybe someone can offer some insight....

    I got a quote from one Long Island(NY) dealer for a 528xi with premium pckg, cold weather pckg, and navigation with 12k miles for $51,000(invoice). The dealer said the 30 month(not 36) lease had the best lease rates(69% residual and .00230 mf) and provided numbers of $4,000($1900 tax, first payment $664.20, $162 fees, $650 security deposit, and $625 bank fee) out of pocket and $664.20/month payment

    Another Long Island dealer gave me the following quote on a 36 month lease. Same car and options for $47,865(invoice) with a residual of 55% and mf of .00230 for a monthly payment of $675/month and $4270 out of pocket.

    The 1st dealer never gave me an option for a 30 month lease which has a far better residual of 69% but he was selling me the car for $3135 cheaper. Was the first dealer mistaken with the 30 month term? I don't see anyone saying the were offered a similar term. I'd like to have some information before I approach each dealer. Any input would be greatly appreciated.

    Thanks!
  • pborbpborb Member Posts: 1
    Got a 528i (premium package, sirius, I pod, xenon) 24 month 12k mile lease for $3500 down at $699/month (plus 7% FL tax), but wrapped into this they took my old 2002 Jeep Grand Cherokee Overland :lemon: with 83k miles (plus bad AC, check engine light on, and worn brake pads, some rust on the hood) and paid off my remaining loan of $10,300. Did I get ripped off? Thanks. :confuse:
  • ctshorsectshorse Member Posts: 13
    I'm not putting any money on cap reduction... 1500 down is standard for ANY lease which includes 1'st month plus bank fee and tittle/tags.... they are cutting the 1500 own by $700 to cover the last month of current lease....
  • calidave33calidave33 Member Posts: 2
    Hi

    I am getting a new company car in Sept. I'm considering a 535i, however.. I drive about 30K miles per year. Does BMW offer a 30K mile per year, 36 mo lease?
    I must lease due to company policy.. I have been driving Chevy Tahoes, however they want to switch to something with better mpg.
    Chevy, has track and high mileage leases. I doubt BMW does?
    If not, is there a way to buy mileage? What are my options?

    I can spend up to $50K, and I know that is pushing it for a 535, but I'd rather sacrifice some luxuries and have more power with the 535 over the 528.

    Thanks
    Dave
  • kyfdxkyfdx Moderator Posts: 236,772
    BMWFS will write any mileage, as long as it is under 100K miles.. A 3yr/90K mile lease will probably be about $200/mo. more than a 3yr/45K mile lease..

    Not too bad, considering the base payment on a 535i is probably $800/mo... I doubt you'll find one for $50K, though...

    regards,
    kyfdx
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  • ctshorsectshorse Member Posts: 13
    I was in same situation in 2005 when I got into a 530i lease. Got the 12K miles knowing I'd be way over in 3 years. What I did is buy miles from BMW during the life of the lease. You can get miles ala cart at $0.16 / mile. I'd do the numbers first. If you know for sure the miles you will drive, it could be cheaper to get them upfront. At lease end, its $0.20 / mile. My company pays me the current mileage rate which is around $0.40 per mile. I'm getting a new lease next week and I'm going for the 10K lease this time. Do the math. For me, I made $0.20 /mile on every b-trip. The only problem I had with this strategy was the warranty. MAKE SURE you get the car serviced completely before 50K. Or, add an extended warranty plan. I had to replace the tires at 55K and had a few minor repairs ($500) over 50K warranty.
  • calidave33calidave33 Member Posts: 2
    thanks for the replies..

    I dont get paid mileage.. my company just pays for the car, payment, repairs.. I just need to keep the monthly payment at a certain level.
    I am certain about my mileage, its been about the same for 12 years.

    I got a quote today 535i, 36 mo, 30K/yr, $3K drive off
    msrp $51K, invoice $47K quoted $845 mo, plus tax = $890

    any thoughts?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi sidv22. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 528i with 15,000 miles per year are .00220 and 55%, respectively. I am not personally familiar with what the market is like for this car right now, but you should be able to get an idea of how much you will have to pay for one by stopping by the "BMW 5-Series Prices Paid and Buying Experience" discussion.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi sk1182. It wouldn't hurt to place a call directly to BMW Financial Services to see if they would be willing to negotiate your car's end of term purchase price. If you do not have any luck with your initial contact, try working your way up the ladder to a manager. More often than not, banks are unwilling to negotiate leased vehicles' purchase prices...but you don't have anything to lose by trying.

    If your mother doesn't put many miles on her cars, you may find that paying three grand for an extended warranty is not worth it.

    You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site or by visiting the the following discussion: "Real-World Trade-In Values".

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • sailingmoesailingmoe Member Posts: 21
    To any one with good info.

    I am looking to lease either a 528i or 535i here in Southern California. I am looking to get Premium, sport, and Nav on it. I have seen different MF and residuals posted at different times. Do they change with the month? if so, does anyone know what are they for June? My current "good guy" ( I know a friend of a friend) offer is; MSRP 52,075 my price 48,295 residual 34,890 24mon 15kmiles/yr tax at 7.75% total payment. $848.30

    Thanks!
  • car_rmcar_rm Member Posts: 47
    Sailingmoe,

    The rates and residuals are:

    535i
    24 Month – Residual 66% of MSRP – .00200 Base Rate
    36 Month – Residual 55% of MSRP – .00200 Base Rate
    528i
    24 Month – Residual 67% of MSRP – .00220 Base Rate
    36 Month – Residual 55% of MSRP – .00220 Base Rate

    Dealers may mark up these rates by as much as .0004. If you are aware that the dealer is doing this, you can negotiate it down. Also with the acquisition fee, they may increase that from $625 to $825. If this is your first BMW lease and not paying the security deposit, there is an additional increase to the money factor. This can be avoided by paying the security deposit. You can also lower the MF by .00007 for each additional security deposit up to 7 deposits.

    Additionally, for the 5 series there is an option credit for the premium package available through the end of June. Your numbers are for a 528i?
  • sailingmoesailingmoe Member Posts: 21
    Yes they are for the 528i. It looks like we can do better.
  • bmwbuffalobmwbuffalo Member Posts: 1
    We would like to continue with the same make and model BMW if my company can support decision. If the economics support are justified, with the “Extended Warranty”, we would consider continuing with the same 2006 car.


    This is the information that I have to date on the existing car.


    - They are holding a security deposit of $749.00 which gets credited back to us less “Excess wear & Tear” and excess miles. The car has been inspected and the “Excess wear & Tear” cost/charge is $100.00 when turned in. The car has 36,303 miles on it which exceeds the 36,000 total allowance. Additional miles at $.20/mile.

    - Lease is up 8/6/08


    - Buyout on contract states $34,763.40 + sales tax total = $37,805.20

    - Cost of extended warranty for 6 years or 100,000 miles is $3,670.31. Current warranty goes to 50,000 miles.

    - Total buyout with warranty $41,475.51.

    - Mfg rebate program thru July 3rd on this model is $6,900. With this total buy out, including extended warranty fee & sales tax is $33,822.15.

    - They will finance this amount no money down at 5.9%; 60 month term is $653.46/month, 48 months $794.17 and 36 months is $1,029.23.

    - To release same car for 36 months and 12,000 miles/year is $931.57/month.

    What is the anticipated value in 6 years of the 2006 car?

    We need to investigate lease cost of new car next.

    Can anyone provide the facts and figures on 2009 BMW 535 XI
  • gocalbearsgocalbears Member Posts: 2
    sailingmoe

    I am in Southern California (Pasadena) and just leased a 528i and was able to get a deal for basically $1,100 below invoice. Here are the specifics:

    Base MSRP: 44,300
    Premium: 2, 300
    Xenon: 800
    iPod: 400
    Navigation: 1,900
    Destination: 775

    MSRP: 50,475

    Invoice MSRP: 41,030
    Premium: 2,095
    Xexon: 730
    iPod: 365
    Navigation: 1,730
    Destination: 775

    MSRP 46,725

    I was able to get my 528i for $45,631, which is about $1,100 below the invoice cost. Essentially, I told them that I would split the premium package credit with them, which is $2,095, and that I would pay invoice for everything else. I had two different dealerships in the LA area meet that deal. I did a two year lease at 10,000 miles per year.

    Let me know if you have any questions.
  • sailingmoesailingmoe Member Posts: 21
    After looking around and reading this post we just leased a 528i from BMW of palm springs. good or bad here is what I paid. I think it's good and they were very nice.

    528i 44,300
    premium 2,300
    Comfort access 1,000
    park distance 700
    Xenon headlights 800
    Ipod 400
    Nav system 1900
    Logic 7 sound 1200
    Destination 775
    Total MSRP 53375
    Dealer chrome wheels 2000
    Total Dealer sticker $55,375

    Purchase price $48,850
    Car $48,375 $5,000 off of MSRP (said he would take 5k any of the ones with lots of options.)
    Wheels $475 dealer said "cost of 950, split with me so they did not have to take them off" who knows.

    15,000 miles year lease
    24 months
    $2,296 dive off
    $784.10 with tax.

    Hope this helps for the next leaser.

    Sailingmoe
  • ehk15ehk15 Member Posts: 5
    Hi all,

    First time poster here. I am in the market for a 535i. I have this curent deal at hand. Can someone knowledgable tell me if I should pull the trigger on this deal? Thanks.

    MSRP Invoice
    '08 535i $49,400 $45,450
    Dst Chrg 775 775
    Premium 2,100 1,910
    Sports 2,800 2,550
    Nav 2,100 1,900
    IPod 400 365
    Sports trans 500 455
    (shift paddles)
    high beam assist 250 230

    Total $58,125 $53,465

    Sale price $52, 647.17

    Term 36 months
    Residual value 64%
    Mileage 10K/yr
    $770.34/month
    $1,252.16 due at signing includes 1st month, title, tax, license fee

    Thanks for all your help.
  • smithsongasmithsonga Member Posts: 123
    I noticed the residuals are much worse now than they were in Dec. I got a 528i at 73% residual vs. 67% now.

    However, comparing the competition you have to be careful. Lexus looks great because the lease RATE is very very low (interest) but the residuals are horrible. BMW has had higher residuals but much higher interest rates.
  • bmwguy5bmwguy5 Member Posts: 4
    Please see below the quote we received in NEW JERSEY :

    24 months for 528xi 10K miles , cold weather, premium , navigation , ipod adaptor , monaco blue with beige dakota leather and dark wood trim.

    1. Sale price : 48178
    2. Residual : 69%
    3. Inceptions : 1st payment + bank fee + motor vehicle = 7149.
    4. Taxes : 1345 approx

    Monthly payment = $ 685.00
    Experts:
    PLEASE LET US KNOW YOUR THOUGHTS. Is this a better deal ?
  • x021627x021627 Member Posts: 152
    I think you made a typo and the inceptions are $1749. doesn't look like a bad deal considering residuals went down alot since Feb. when I bought a similarly equipped 528xi (except I got the xenons as well) and my lease is for 12K/36 months. I am paying slighly less, but I got the $2500 dealer cash. My sale price BEFORE the trunk cash was $50300 so......

    Good luck! :)
  • bmwguy5bmwguy5 Member Posts: 4
    To get the lower money factor, we did MSDs..so the inceptions include that..hence the higher amt :)
    We were hoping to push the dealer a little more for a better monthly payment, seeing that business seems to be slow...any ideas on where to squeeze a little more out of them...I dont think BMW is offering any incentives now
  • smithsongasmithsonga Member Posts: 123
    The deal looks reasonable given the same comments on residuals. I got a 528i in Dec, $52k list.(paid around $48500 including $1000 rebate) .$1800 out the door, $600/month (including 7% sales tax).
  • bmwguy5bmwguy5 Member Posts: 4
    Thanks for all the info, everyone...we're definitely trying to squeeze every dollar that we can from the dealer..any more tips would be great :)

    Does anyone have the residuals and money factor for May/June for 528xi?
    This would be helpful to doublecheck that we are getting a decent deal

    money factor .00171 ( we were told that this is for MSDs)
    Residual = 69% ( 10K 24 mths)

    Also is it true if I go over the allotted miles, I can call BMWFS and get a courtesy price of $.16 per mile..the dealer said that it's a 1 time and we have to do it before 5 mths of the lease running out..otherwise its $.20 a mile

    Your thoughts?
  • dhamiltondhamilton Member Posts: 878
    It depends on where your at in the country. In Dallas BMW sales are through the roof. The economy isn't near as negatively affected as say, California.

    The region your in, has a lot to do with how hungry dealers are.
  • x021627x021627 Member Posts: 152
    June residual for 528 xi is 69% for 24 mos. 10K. I saw that the residual for 528 was 70% for 24 mons 10K, as per another forum.

    I saw you are from NJ. Lot's of dealerships to chose from. Lot's of competition. Which dealership did you go to, if you don't mind my asking?

    :D
  • gymdawggymdawg Member Posts: 1
    Does anyone have the residual and money factor on a 2008 535xi Sports Wagon for a 36 mo lease w/15k miles per year? Also, does anyone know of what I kind of cap. cost I should be able to negotiate on the car with an MSRP of $58,270 and an invoice of $53,635?

    Thanks!
  • ehk15ehk15 Member Posts: 5
    Hi all,

    Haven't gotten a lot of response for thsi post, so I am posting again. I am trying to lease a 535i this week, and would love any feedback on the deal below. Thanks again.

    Hi all,

    First time poster here. I am in the market for a 535i. I have this curent deal at hand. Can someone knowledgable tell me if I should pull the trigger on this deal? Thanks.

    MSRP Invoice
    '08 535i $49,400 $45,450
    Dst Chrg 775 775
    Premium 2,100 1,910
    Sports 2,800 2,550
    Nav 2,100 1,900
    IPod 400 365
    Sports trans 500 455
    (shift paddles)
    high beam assist 250 230

    Total $58,125 $53,465

    Sale price $52, 647.17

    Term 36 months
    Residual value 64%
    Mileage 10K/yr
    $770.34/month
    $1,252.16 due at signing includes 1st month, title, tax, license fee
  • bmwguy5bmwguy5 Member Posts: 4
    Latest update on 24 mth/ 10K NJ 528xi is $661(including tax) per month with MSD, bank fee $625, DMV fee $ 197..
    Inception=661+6000(MSD)+197+625=7483
    Experts, what are your thoughts on this deal?

    any input would be appreciated
  • 53turk53turk Member Posts: 8
    I got a quote from a dealer in NJ.
    535xi the msrp is 62.6K
    the selling price is 56.8K
    36mo/15K
    due at signing - $1890
    total monthly payments including tax : $845/mo

    I think I cannot get better than this deal. because I have called couple of delaer as well, and for the same car, they were up at the $1000-$1100 area.

    What do you guys think?
  • mango39mango39 Member Posts: 10
    Is this a good deal on this lease?

    Design/MSRP
    Description MSRP

    Model 0856 528i USD 44,300.00
    Color 475 Black Sapphire Metallic N/C
    Upholstery LCSW Black Dakota Leather N/C
    Options ZPP Premium Package 2,300.00
    319 Universal Garage Door Opener N/C
    430 Auto-dimming interior and exterior mirrors N/C
    431 Auto-dimming rearview mirror N/C
    563 Ambient light package N/C
    205 STEPTRONIC automatic transmission N/C
    488 Lumbar support N/C
    494 Heated front seats 500.00
    522 Xenon headlights 800.00
    524 Adaptive light control N/C
    655 Satellite radio with 1 year subscription 595.00
    Net Total 48,495.00
    Destination Charge 775.00
    Gas Guzzler Tax N/C
    Total Suggested Price 49,270.00

    Sale Price : $42994

    Down: $5000K 15000K Miles for 36 Months
    with 55% residual and 0.00275 MF

    Lease $670, is this a good deal?
  • mango39mango39 Member Posts: 10
    Is this a good deal on this lease?

    Design/MSRP
    Description MSRP

    Model 0856 528i USD 44,300.00
    Color 475 Black Sapphire Metallic N/C
    Upholstery LCSW Black Dakota Leather N/C
    Options ZPP Premium Package 2,300.00
    319 Universal Garage Door Opener N/C
    430 Auto-dimming interior and exterior mirrors N/C
    431 Auto-dimming rearview mirror N/C
    563 Ambient light package N/C
    205 STEPTRONIC automatic transmission N/C
    488 Lumbar support N/C
    494 Heated front seats 500.00
    522 Xenon headlights 800.00
    524 Adaptive light control N/C
    655 Satellite radio with 1 year subscription 595.00
    Net Total 48,495.00
    Destination Charge 775.00
    Gas Guzzler Tax N/C
    Total Suggested Price 49,270.00

    Sale Price : $42994

    15000 miles, 36 months with 55% residual and 0.00275 MF
    Down $5000 (for taxes, deposit, etc)

    LEASE for Month $670.00
  • 53turk53turk Member Posts: 8
    these figures look good to me, i ran the numbers on lese calculator and you should be around $650+- 5 bucks. but do you really want to do down payment. It may lower down the payments but, you should not do any down payment
  • mango39mango39 Member Posts: 10
    Down payment is towards taxes, deposit, fees and first month payment. Is it also not advisable?
  • drbbongdrbbong Member Posts: 1
    Hi I'm new here also first time leasing a car.
    I recently received an offer from a local dealer from chapman BMW in phoenix, AZ .
    Alpine whie
    cream beige
    auto sport transmission
    premium/ sport pkg
    comfort access
    rear sunshades
    ipod adapter
    satellite radio
    MSRP $ 58645. and he said my price would be $55040, plus ttl and doc fee

    36 month lease, 15k mile/yr w/ inception fees only up front(&2995.45 = 1st months payment, seculity deposit, doc fee and motr vehicle fees ) would give me a payment of $867.33 + 68.96 tax = $936.28/ month.

    Do u guys think this is a reasonable deal?
  • 53turk53turk Member Posts: 8
    ok, forget about my previous reply, there was a mistake on the excell sheet.

    msrp-$49,270
    selling price- $42,994
    36mo/15K residual-55% money factor- 0.0022 ( you are getting 0.00275 ask why?)
    total due at signing - $1800 (INCLUDING FIRST MONTHS PAYMENT, INCEPTION, DELAER MARK UP, ADVERTISING FEE, ETC)
    TAX IS WORKED INTO YOUR MONTHLY PAYMENTS

    you should be paying - around $655.00 /mo
  • 53turk53turk Member Posts: 8
    with these terms, you should be paying $ 840/mo

    MSRP $ 58645.
    selling price $55040, plus ttl and doc fee
    residual 55% mopey factor 0.0022
    36 month lease, 15k mile/yr w/
    due at signing $2,900 ( including first months pay, some cash towards dmv fees, advertising, etc...)

    don't let them take your money away, you should be at around $840.00 +-5 bucks
  • crmgrcrmgr Member Posts: 6
    Sounds a little high. Ordered my first BMW after coming off of an Audi A6 lease. It's a Black Sapphire 535XI with the following equipment:

    Cold Weather Pkg
    Premium Pkg
    Auto
    Comfort Access
    Navigation
    Satellite with one year subscription

    Retail was $59,270.00. Selling Price $54,793.00. Adjusted cap cost with sales tax $56,663.00. Out of pocket totaled $2,144.00 which included first payment, security deposit, bank fee and doc fee. Total payment came out to $819.34 per month for 39 months at 15K miles per year. Went 39 months because it saved me about $40.00 per month over a 36 month lease.

    Now I just have to wait the 6-8 weeks for delivery.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Sailingmoe. Thanks for taking the time to share the details of your recent lease with everyone. I am sure that other community members will find this info very helpful. If you have the time, make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your dealer experience as well. Enjoy your sweet new ride :) .

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here's the info that you're looking for, gymdawg. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 BMW 535xi Sports Wagon with 15,000 miles per year are .00200 and 55%, respectively. I am not personally all that familiar with what the market is like for this car right now, but in general the environment for new vehicle sales is as bad as it has been in a long time. Shoot for as close to dealer invoice as possible and see what happens. You may be able to get an idea of how much you will have to pay by visiting the "BMW 5-Series Prices Paid and Buying Experience" discussion.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi mango39. Without even looking at this car's selling price, I can tell you that there are a couple of things that I personally would want changed with this deal. First of all, the dealer that you are working with is marking up BMW Financial Services' buy rate lease money factor. BMW FS' current buy rate for the '08 528i is only .00220. BMW dealers try to mark car's money factors up to add hidden profit to deals all the time, but now that you know that this car's buy rate is you should be able to find a dealer that will lease you one using it.

    Also, I see that you are considering making a $5,000 down payment on this lease. I always advise consumers not to make large down payments when leasing. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be higher, you would be better off going with a zero down lease.

    Make sure to stop by the "BMW 5-Series Prices Paid and Buying Experience" discussion to get an idea of what sort of selling price to shoot for on a lease of this car.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • tjk1tjk1 Member Posts: 2
    Is this a good deal on this lease on 528xi?

    Design/MSRP
    Description MSRP

    USD 46,800.00
    Monaco Blue Metallic
    Cream Beige Dakota Leather N/C
    Cold Weather Package 750.00
    Heater Rear Seats 350.00
    Options Premium Package 2,400.00
    Universal Garage Door Opener N/C
    Auto-dimming interior and exterior mirrors N/C
    Auto-dimming rearview mirror N/C
    Ambient light package N/C
    STEPTRONIC automatic transmission N/C
    Lumbar support N/C
    Xenon headlights 800.00
    Navigation System 1,900.00
    Adaptive light control N/C

    Net Total 53,000.00
    Destination Charge 825.00
    Gas Guzzler Tax N/C
    Total Suggested Price 53,825.00

    Sale Price : $50,585.00

    Down: $2000K 15000K Miles for 39 Months
    with 58% residual and 0.00200 MF

    Lease $689.25, is this a good deal?
  • mevander1mevander1 Member Posts: 43
    Wow, it seems ,, just my opinion that anyone who pays 800-1000.00/month for a 5 series is on crack!
  • hipohipo Member Posts: 4
    I have used this forum for buying/leasing my last three cars and I would like to thank the people who share their knowledge and experience. I just leased a new 528 in SoCal and I would like to share my experience:

    + New (not demo) 2008 BMW 528 Space Gray / Black trim / Bamboo wood
    + Sport pkg.
    + Premium pkg.
    + Navigation
    + Xenon
    + iPod/USB adaptor

    MSRP: 53275
    Invoice: 49560
    Sell price: 47560

    MF: 0.0022 (I decided to put a security deposit because I usually don't abuse my cars. If you choose to waive it the lowest MF is 0.00235)
    Residual: 70% (24 month lease w/10K miles per year)

    Monthly payment: 614.5 + tax = 662.1

    Drive off: 625 (bank fee) + 1 st month + 455 (DMV/doc) + 700 (security deposit) = ~$2500

    I was able to negotiate a good deal because BMW does give back ~$2050 to dealers (on 5-series) and we are getting closer to the end of the month/quarter.
  • ltcadviserltcadviser Member Posts: 38
    Sounds a little high. Ordered my first BMW after coming off of an Audi A6 lease. It's a Black Sapphire 535XI with the following equipment:

    Cold Weather Pkg
    Premium Pkg
    Auto
    Comfort Access
    Navigation
    Satellite with one year subscription

    Retail was $59,270.00. Selling Price $54,793.00. Adjusted cap cost with sales tax $56,663.00. Out of pocket totaled $2,144.00 which included first payment, security deposit, bank fee and doc fee. Total payment came out to $819.34 per month for 39 months at 15K miles per year. Went 39 months because it saved me about $40.00 per month over a 36 month lease.

    Now I just have to wait the 6-8 weeks for delivery.

    Yours sounds a little high to me. Your cap cost should have been $52,500.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Wow, I'm glad that you've found this forum so helpful, hipo. Thanks for taking the time to share the details of your lease with everyone. Real world examples like this are always useful for people who are in the market for similar vehicles. Make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your sweet new ride and have a great 4th of July :shades: .

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • crmgrcrmgr Member Posts: 6
    Black Book Invoice for this car was $52,540.00. That took into account $825.00 destination and Premium Pkg credit of $1,910.00. Also threw in sales tax and the acquisition fee to come up with the adjusted. Figure he made about $2,000.00 profit, but he's giving me an additional $500.00 credit on delivery, since I have to pay a disposition fee when I turn back the Audi.

    Did he make too much on the deal? Probably, but he's 5 miles from my home and just off the freeway to work. Going to another dealer means I would have probably lost the free loaner when I took the car into him for service plus I believe in always trying to tie in the sales and service with the same dealer. Found it can get me special consideration on problems during the course of the lease. Everything is a trade-off. Figure I'll also have a little more leverage on the next lease I should go again with BMW.
  • jstraw1jstraw1 Member Posts: 1
    528xi with metallic paint, premium package, cold weather, automatic and iPod connection.

    Sale Price for car $46,130 (Invoice is $50,725).
    Sale Price (with sales tax rolled in) $48,732.61
    3 yr lease with 15k per year.
    No Security Deposit
    No Money Down (except first payment and title transfer fees)
    Money Factor 0.00180
    Residual 55%
    Monthly Payment $731.60

    Please let me know your thoughts.
  • sk1182sk1182 Member Posts: 7
    First off, I would like to thank Car man for the advice on my last question. I appreciate the help.

    At any rate, my current lease on 2006 BMW 525i ends on 7/19/08 and I have an important decision to make as to whether to return or buy the car. There are two parts to this.

    1. Now here's the dilemma. Throughout my 3 year lease, I have had several problems with the batteries. I think it all started when I accidentally left the headlights on overnight and the car didn't start the next day. I had to call in a guy with jumper cables through BMW roadside assistance to correct this issue. The car worked fine for a few months then the battery died 3-4 months later. This pattern continued on for I would say 4 times until I finally had it and went to the dealership to replace the batteries 3 weeks ago.

    I don't want to state the obvious but I am correct in thinking that car battery problems aren't anything mechanical related and won't cause long term problems, correct? One of the reasons why I am hesitant on purchasing the vehicle is due to the fact that I've had so many battery problems in the past and I would assume that new batteries that I reaplaced with won't cause many problems as the old ones did.

    2. I normally use the automatic headlamp control position for my headlights (by turning the light switch to the left) but last night, I stupidly left the lights on at this position overnight. I wasn't aware that I had done this since the lights weren't on when I went down to the car but I found out that I made a mistake of leaving the lights on at this position over when I got inside the car. My question is, does leaving the lights at this position overnight drain the batteries? I thought that automatic headlamp control allowed the car to adjust to its surroundings and shut the lights off when the engine is turned off. Now, this problem is not the same as the time that I left the lights on overnight as stated above since I was not using the automatic headlamp control the first time I killed the batteries and could actually see that the lights were on the next day.

    I have had so many problems with the batteries and had experiences where I could not start the car in the middle of nowhere that I am at the pt of being paranoid if I find out that I could have drained/killed the batteries in any shape or form. I would glad to hear any responses/reassuarances. Thanks for the help guys.
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