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I browsed the posts from the last couple of weeks, and couldn't find pertinent information. I am looking at a 535xi 3yr/12k lease, and have the following questions:
- what is the residual % at 3yr/12k?
- what money factor should I expect?
- is the dealer incentive (~$2000) still in effect for July?
- since I am a returning BMW lessee, can does the MF go down with additional security deposits?
Appreciate all your help in advance. I will be on this forum regularly for the next couple of weeks, and will be sharing any and all information I get from the dealers I am negotiating with.
Cheers,
there are some slots left for 2008.
I have been quoted $825 per month w/ 1st month, tltle, tags, and destination
I think this is too high??? The 3 dealers discounted the car from 60K MSRP to apprax $56,500. Can I do better? NJ/PA/MA dealers
Is it possible to get this car in the low 700"s w/ 0 down? What is the actual cost of this vehicle with all the BMW incentives to the dealer? What figure can I use for a selling price? The residual is 54% and money factor .0022?
I am flexible for 24- 39 months lease. I don't want to put any money down.
I appreciate your help.
2008 528i Sedan, 12k mls, 24 mo lease
Base Price $44,600
Premium Package $2400
Ipod and USB Adapter $400
Destimation & Handling $825
Total as Equipped $48,225
Selling Price $43,580
Money Factor 1.8
Residual Factor 69%
Cap Reduction $1235.
Cap Reduction Tax $157
Lic/Registration $380
Bank Fee $625
Doc Fee $45
First Payment $556
Total Drive Off $3000
Toatl Monthly Payment with tax $556
MSRP Base: $49,400
Options: $12,175 (Cold Package, Navigation, Premium Package, Sport, shift paddles, comfort access, HD Radio, Logic Sound, ipod, fold down seats, park distance control)
Destination: $775
Listed Suggested Price (MSRP): 62,350 (with above options)
Lease Price: $52,900
MF: 00225
Residual: $ 43,000 - 67%
Cash: $2,100
Monthly: $599.00, 24 months, 10,00 miles
THANKS for any advice, suggestions, comments-
Kate
MSRP Base: $49,400
Options: $12,175 (Cold Package, Navigation, Premium Package, Sport, shift paddles, comfort access, HD Radio, Logic Sound, ipod, fold down seats, park distance control)
Destination: $775
Listed Suggested Price (MSRP): 62,350 (with above options)
Lease Price: $52,900
MF: 00225
Residual: $ 43,000 - 67%
Cash: $2,100
Monthly: $599.00, 24 months, 10,00 miles
THANKS for any advice, suggestions, comments-
Kate
Are you putting $2100 as a cap reduction, or is that the TOTAL drive off cost?
Cap reduction - $2,100
Total out the door - $3,250 (cap, tax, lic fees)
First off I totally agree with you -- don't put any money down on a lease. Secondly, is the BMW FS money rate and residual value the same for 535 as it is for the 528? If so, has it changed in July?
Thanks!
- what is the residual % at 3yr/12k? --> I am getting 57%
- what money factor should I expect? --> I am getting .0018
- is the dealer incentive (~$2000) still in effect for July? --> I am getting ~$1300 under invoice
- since I am a returning BMW lessee, can does the MF go down with additional security deposits?
Black / Black
Premium Package
Automatic
Heated Seats
Xenon
Ipod
MSRP – 49,525
Invoice – 46,000
Selling – 45,110
Upfront $1,500 - includes all fees and fun stuff
Monthly payment is $619.00 (includes NC taxes)
From my understanding, the rate dropped from .0022 to .0018 with an additional .0004 reduction if you currently own BMW (which we do) thus bringing the rate to .0014 – right? I have a feeling my CA is not being honest with me (he has sold three other BMW to us – so I have a trust factor with him).
First, is the 45,110 a fair price, it does not seem the PP option credit was applied?
This is what he said about the rate:
The difference in the .00180 verses the .00140 is You qualify for the .00180 rate by having a BMW in the household, the .00140 rate is if you currently have a BMW with BMW Financial Services, this allows you to get the rate down more
I have a feeling I am not be dealt with honestly.
PLEASE ADVISE
http://www.bimmerfest.com/forums/showthread.php?t=296810
The MF has dropped 0.00040 from the rates published July 1st, so 535s are at 00160. Remember to adjust the residual for your miles (see the footnotes on the 1st post of that above page).
The prem. package incentive (a.k.a. Option Credit) is still in effect, AFAIK.
Anyone can lower their MF via MSDs (max 7 MSDs means MF is .00049 lower). But you might be extra lucky if you qualify for the OLP (owner loyalty), which you probably do. That drops your MF another 00040. Max MSDs and OLP would lead to an ultimate MF of .00071
Slightly better for the 535i
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
premium, sport,cold weather, logic 7, park distance, hig beam, navigation, comfort access, ipod usb
MSRP - $62625.00
ePRICE - $56800.00
$1919 due at signing
30mo/15Kyear
$875/mo (including tax)
premium, cold, Xenon, auto, Ipod
1000 drive off, 688/mo includes tax
What a unbelievably good deal, right? guys
535xi w/Cold Package and Premium Package
36 months/12K miles
Residual 57%
Money Factor 0.0016
$0 Down
MSRP $55,225
Sale $51,500
Out of pocket $4606
Lease w taxes = $688.93
I am looking for either 2 year or 3 year lease with 15,000 or 18,000 miles per year. I am okay with 5000 down, but, would like to get away with as little down as possible.
Is it true that I can get a beter deal right before the last day of the month???
Thanks
Residual value is $32,019. They offered to sell it to me at $29,103, no down, 5.9% for 24-60 mos. my choice. We now have this down to $25,069 at 3.9%. tax and title extra. They want to keep my $900 security deposit on file from the lease.
There is a real difference between the estimated market value of this car on Kelley and Edmunds. Kelly has it lower (est.$20,000) and Edmunds higher (est. $28,000).
I would like to drive this car another two year and then get the anticipated 535xi diesel.
Is $25,000 the right price for this car? Am I crazy to keep it? Should I just lease a 2009 535xi?
Thanks for your thoughts.
BCEagle1
That said, I wouldn't buy....I'd go for the 2009 lease.
Try to get at least 2 or 3 offers first.
You sould negociate from MSRP of $50,925 down to at least $47,000 or lower first base on TMV.
The lease money factor rate which determine your monthly payment will depend on your credit score.
Yes, NORMALLY you can get a better deal at the end of the month.
Color: Bronze
Year: 2008
Options included: Premium Package, Sports Package, power rear sunshade, fold down seats, heated front seats, park distance, xenon headlights.
MSRP (new): $53,225
Price: $43,203
Money factor: .00195
Taxes, bank fees etc: $2,838
Cash Down: zero
Residual: $35,092 (70%)
Monthly Payment $490
This is my first time leasing. Is this a good deal?
Thanks
Taxes, bank fees etc: $2,838?
W/out taxes for the numbers you posted the monthly payment should've been $405.
I would suggest you checking a brand new car with the same options to see how much you saving on getting this demo.
What do think about this deal:
528xi manual 2008 prem, cold, xenon, ipod...selling price 46K+
36 months...18k mile per year...$699 w/ nj taxes...Total of $2000 at inception
Thoughts ?
Thanks
I was offered for $400 below invoice with 0.9% finiancing for a 08 535i with Premium package, Logic 7, sport pakcage, nav options in CA.
Please tell me if it is a good deal.
Is there any incentives for the dealer from the mfg?
Thanks in advance!
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
How does a security deposit impact the monthly lease?
Thanks
I still have owner loyalty, excellent credit and 20 +years of leasing with BMW.
I still have 2 more payments on my 2005 x5 lease...there was no pull ahead program for me to take advantage of the 2008 late summer deals
Any suggestions or thoughts?
Anybody out there know of a low mileage manual 535xi 2008 or should I just order a 2009?
I can get it for 49K on a purchase with new financing (includes CPO warranty). Is that a better choice? I need to finalize by tomorrow. Any assistace would be great.
BMW Financial Services charges a security deposit that is equivalent to cars' monthly payments rounded up to the nearest $50 increment. It will waive the deposit for free for returning lessees and in exchange for a .00015 money factor increase for everyone else.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
528i Black on Black
ZPP Premium Package
ZCW Cold Weather Package
522 Xenon Lights
6FL Ipod and USB Adapter
MSRP: $49775.00
Here is the offer from dealer:
Sale Price: $44775.00 ($5000.00 less of MSRP)
Sale Price + Tax : 47574.00 (Drive Out)
Initial Payment+Security Deposity+ttl+acquisition Fees: $2250.00
Initial Payment: $686.00
Security Deposit: $700.00
Rest: ttl+acquisition fees
Lease Payment: $686.00 per month for 36 month with 15K miles/year.
Is this a good deal on lease?
sport, premium, cold weather, nav, Ipod...msrp $58,775
Upfront: $1798 (1 month + security deposit + plates)
Please reply ASAP...thanks!
I have been a BMW guy for a long time....currently finishing a lease with an x5 2005 with a manual! Very unusual! but is has been fun...maybe slighty underpowered on take off.....but now I want to have a manual 6 speed sedan with decent seating in the back seat ....teenagers still not driving yet...I read about the Audi a4 2009 211 hp with alot of "zip"..test drove the automatic recently...nice interior.. roomier than the 2008 version....also what about the difference n the 528xi versus 535xi manuals?
I would love to hear any comments on this issue I have ......I have to lease something soon.....and AWD is needed here in the northeast and of course the lease deal has to be decent.
Thanks......
I always lease my cars, this is my first German car. I am typically a Lexus guy.. anyhow, here are the numbers on my 535i I just picked up last night (SOCAL):
2008 535i Manual (This was the only manual they had)
White on Black w/ Anthracite Wood
Premium
Sports
Nav
Cold weather
Ipod Adaptor
MSRP: $58690
Sell Price: $54018
Total paid at driveoff: $2117.80 includes 1st month, tax, license, reg, acquisition
36 months @ $726 plus tax of 8.25% so total is $785.99 tax included.
10k/year. 20 cents per mile overage. (This is the first time I did 10k, I always did 12k but I thought 20 cents isnt too bad. If I Want to purchase mileage, an extra 6k is $1200 total.
I am thinking I could have got them to come down another $20 or so but didnt want to push too much since this is the exact package combo, color combo, and gearbox I wanted. I went in for a test drive and took the car home 3 hours later.
I really hope a got at LEAST a descent deal. Thanks for your replies, I REALLY appreciate it.
My understanding from reading BMW's most recent lease offer on the bmwusa.com website is that they are offering 58% residual and about .0009 MF on 36 month leases. (That's on an automatic transmission, though, not sure if they have better lease terms on those.) Those terms with your numbers should result in a payment of around $633 plus tax, unless I'm making a mistake somewhere along the way. In any case, congratulations on a sweet ride.
I don't think it's a bad deal that the OP got, but at the end of the day, the deal is done and he got the EXACT car that he wanted. Enjoy the ride.....
Local SoCal dealer made me the following offer yesterday on a 535i manual with premium, sport, nav and some other goodies, MSRP $59,225:
$55K selling price, .00175 money factor with no sec deposit (.0016 with 1x security deposit), 58% residual on 36 month 10000 mile lease, $875 acquisition fee. I did not think $4,200 under sticker was that great so I turned them down; told them I'd do it at $5,500 under sticker and they told me "good luck." Now that I see jiholl's numbers I feel I did the right thing. Let's see if they come crawling back in a day or two...
I had quotes from a dealer in CA for following car:
528i MSRP 51,000, selling for 47000. 4000.00 out of pocket. 12k miles/year, 36 months lease: 639.00/month tax is included.
Res is 57. Money factor is 0.00188 (4.5%). Dealer said this is the current money factor & residual for a 2008 528 lease. Is it a good deal? Can dealer bring the money factor to lower number (2.5%) in stead of 4.5?
I've heard you can max the MSD x 7 and this should reduce .00049 and this should drop payment to at least 50-60 bucks less a month. Is this a way to bring down the payment?
Many thanks in advance for your inputs.
Korg