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BMW 5-Series Lease Questions
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I have a friend asking me the age old question: do I lease, or do I buy.
She's a teacher, not a lot of money to spend, currently ending lease on a Jetta.
My gut says buy, not lease. Where am I going wrong?
If you buy, buy used (preferrably certified for warranty) and buy a car with good residual value. e.g you dont want to be upside down at any point.
BTW, after 3 years you get the keys to a brand new car with NO negative equity. so in reality you are getting a lot, especially for the money
$500 over invoice - $2500 stimulus package, total $46,910. (MSRP is $52,525)
The dealer is including $825 destination fee, $400 MACO and $180 Training/service fee. I'm trying to get him to drop the MACO and T/S fees. Is this a good price?
I'm assuming I can lease for 60% residual, .001 MF and w/8.25% tax, payment will be $ 547.81
Am I missing any other fees they might throw in when I tell them I want to lease?
Is this a good deal? I don't need the car unitl mid March but the $2500 stimulus discount might make it better to buy before Feb 2nd.
Thanks for any help!
Those are the two areas to focus on the next time around. For now, enjoy your sweet new ride :shades: !
Car_man
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If you haven't finalized this deal yet, you're in luck. BMW recently introduced a special $2,500 cash incentive on leases of the 5-Series. Make sure to take this cash into account when renegotiating your deal. It will help you to get a much lower selling price.
Car_man
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When negotiating your deal on either of these cars, make sure to take the $2,500 cash incentive that BMW recently introduced on them into account.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Shop around and negotiate the lowest possible selling price on the car that you're interested in. You can do some research first on how much you should pay by visiting the "BMW 5-Series Prices Paid and Buying Experience" discussion. Make sure to take the $2,500 cash incentive that BMW just introduced on this car into account during your negotiations.
Once you have arrived at a selling price that you are comfortable with, have the dealer calculate your car's monthly payment using BMW Financial Services' buy rate lease money factor for it, .00175. This money factor will be slightly higher, .00190, if you are a non-returning BMW FS lessee who wants to have their car's security deposit waived. Make sure that the dealer doesn't charge you a higher money factor than this. BMW dealers are notorious for marking car's factors up to add additional, hidden back-end profit to deals.
Car_man
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2009 528xi premium / cold weather / ipod adaptor
1st month, tax, title $1008 at signing
Monthly $619 including tax
Are there any lease components that can not be negotiated?? Residual would seem to be one.
Much thanks!
Checking back in with you on latest auction prices and any other advice you might have re purchasing my leased '06 BMW530xi wagon. Lease is up first week in March. Car currently has 20,700 miles
BMW Financial called and offered $6000 off the residual which brings it down to 29K and 2.9% financing. This matches the price for the CPO at the local dealer except the dealer has .9% financing.
I think I can do better with your help. Dealer tried forcing the deal because he didn't know how long .9% financing would be available, but I told him I would wait.
Thanks for all your help and everyone else who responded.
Checking back in with you on latest auction prices and any other advice you might have re purchasing my leased '06 BMW530xi wagon. Lease is up first week in March. Car currently has 20,700 miles
BMW Financial called and offered $6000 off the residual which brings it down to 29K and 2.9% financing. This matches the price for the CPO at the local dealer except the dealer has .9% financing.
I think I can do better with your help. Dealer tried forcing the deal because he didn't know how long .9% financing would be available, but I told him I would wait.
Thanks for all your help and everyone else who responded.
BMW Financial called and offered $6000 off the residual which brings it down to 29K and 2.9% financing. This matches the price for the CPO at the local dealer except the dealer has .9% financing.
I think I can do better with your help. Dealer tried forcing the deal because he didn't know how long .9% financing would be available, but I told him I would wait.
Thanks for all your help and everyone else who responded.
I leased the 09 528I a week ago. Premium pack. Xenon light/Satellite Radio/ipod adapter.
I wilkl be billed for one month of my old lease that was due the next day and BMW issued a ck for the 3 remaining months.
I then paid $2500.00 down and $640.00 tax included.
I can get .00175 MF, $500 over invoice. Is this a good deal?
Thanks for any help!
Jen
Last month auction block price for this car was about $26k.
I am interested in purchasing my car at end of lease and dealer seems willing to negotiate. But I need that auction price.
Thanks.
my dealer in Darien, CT had a 2006 530I wagon, they were asking $34,900 and sold it. Take it from me -- just like jayrider told you, play hardball too much, and you will lose the car. Someone is out there ready to buy. I've already lost two cars that way. I'm kicking myself. Everyone has to make money, you have to be happy, but the dealer has to be allowed to make money too. That's how the game is played. If you know the vehicle is a good one, you'd be foolish to walk away from it, and start all over, espec. with another CPO. My two cents.
I got the dealer to go to invoice and also give me the $2500 rebate at .00175 MF but they wouldn't forgive my 2K over miles on my current 530. They also had some fees included that they couldn't explain for about $1000. They told me they were taxes on the difference between MSRP and selling price...it didn't add up. They also put on a $925 acqusition fee.
I held off on the deal. I'm hoping I can do better at the end of Feb.
If anyone knows a good dealer they can trust in the Bay Area, please let me know.
Thanks!
For one reason or another taxes are applicable on the rebate (but not the difference between MSRP and the selling price).
Can't help you with a dealer in CA but you should send out an email to all the dealers within 25 or 50 miles of where you live asking for a quote and see who gives you the best deal (you can get a list of dealerships and email addresses at bmwusa.com).
bimmerfest.com has some sponsors in SoCal if that isn't too far. Might be worth a shot. Click "sponsors" in the top right corner. "P.K." posts often in the forums.
I am coming off of a lease at the end of March. I am in the market for a 2009 base 535 bmw. What can I expect to pay on a 36 month lease. I live in the Atlanta area and have perfect credit. I did get a quote from one dealer(535ia regular retail 55,320 1500 down, 603 + tax per month).
Definitely consider BMW of Macon and Athens vs. the big ATL guys. Also, try Chris at Global Imports.
Could you please advice if this is a good deal?
2009 BMW 528 xi
Premium Package, cold package, metallic paint, no navigation
MSRP - $52,475
Res. Factor - 61%
Drive-offf payment - 2,700
36 month, 10K miles per year lease
monthly payment - $709
Please let me know if this is a good deal and how i may be able to negotiate?
thanks,
harry
I am also going to approach BMW finance about buying out my 2006 530 wagon (30k miles)--My lease terminates April 15th--When should i approach BMW on my buyout ? the stated buyout amount is $34.7k and i am offering $28k plus certified extended warranty-- Do i even involve my local dealership in this discussion ?
Thnaks
I would like to hear what deals folks are getting from BMW on CPO 5 series.
36-month | 12k miles | residual 60% | .00145 base money factor
2500 In customer Loyalty
MSRP:50575
Selling Price: 46580 (Invoice) - 2500 loyalty= 44380,
Montlhly @ 533. including tax. Inception fees additional.
Is this achievable or is it way out there....Thanks!
Local dealer said buyout price this month was 32K vs. last month 29K because BMW changed something about buyouts.
It helps if you know the auction prices.
Thanks.
Try autobargblog.com here's what i got.
Welcome to AutoBragBlog, Brian! I’d be happy to look up BMW wholesale prices for you.
For a 2006 BMW 530XI Sedan Auto with 30,000 miles, wholesale prices range from $29,200 (being in above average condition) to $26,100 (being in average condition) and $23,100 (being in below average condition). A dealership will usually aim to sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $25,200 to $31,800. A private seller will usually aim to sell it for 5%-10%.
For a 2006 BMW 530XI Wagon Auto with 30,000 miles, wholesale prices range from $28,400 (being in above average condition) to $26,100 (being in average condition) and $23,800 (being in below average condition). A dealership will usually aim to sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $26,100 to $31,100. A private seller will usually aim to sell it for 5%-10%.
2009 528i
Premium, cold weather, navi, sirius, and ipod adapter, auto, xenon, fold down rear. 23K miles / year, 36 months
Cap Cost - 51400
Bank Fee - 925
Total Cap - 52,325
Cap Reduction - 2500
Net Cap - 49,825
Residual - 27,746
Total Payment - 725.78
MSRP - 54045
Cap Reduction 2500
Upfront Sales Tax - 2026
Luxury Tax - 205
DMV fee - 254
State Inspection 7.70
Advance Payment 725.78
Other Fee (?) - 195
MF - .00145
Total Drive Off - 3422
Thanks for any help!
Do you have the current mf and residual value for a 2009 528i, 12k, 3yr.
Also, what is a reasonable amount of cash over invoice to offer.
Thank you
Thanks
So, if the sales tax goes up by 1%, so will your payment..
Sorry.
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Car_man
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Once I have these numbers, I can plug them, along with BMW's current lease program into my handy dandy lease calculator and work up a sample lease payment for you.
Car_man
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