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BMW 5-Series Lease Questions
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I wouldn't even bother involving the dealer in negotiating the buyout on your current car. Place a call directly to BMW Financial Services and see if they are willing to work with you.
Car_man
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Car_man
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BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 528i with 12,000 miles per year are .00100 and 55%, respectively.
BMW is providing a special $2,500 cash incentive and a .00030 money factor reduction to current lessees who lease a new '08 528i.
Car_man
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If you are a current BMW FS lessee, you are eligible for a special $2,500 cash incentive and a .00030 money factor reduction on this car.
If I was in the market for one right now, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus any available cash incentives.
Car_man
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Since you are a returning BMW FS customer, you are eligible for a special $2,500 cash incentive and a .00030 money factor reduction on this car.
Car_man
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sport package
premium package
navigation
ipod/usb
comfort access
satellite radio
36 months, 12,000 miles
.00175 MF
60% residual
Sale price $57,970.00
Monthly payments $770.87
I am interested in opinions on whether I got an ok deal or not. I went to another dealer while negotiating this deal and their first quote out the box for the exact same car, 36 months, 12k miles was in the high $59K range with monthlys coming in at $921. At the time I had the other dealer at $818 per month so I quickly said screw them.
Also I have have financed 3 previous BMW's with BMW FS. I currently do not have a lease or loan with them. As a "returning" customer would I qualify for the 2500 if its been a couple of years?
Thanks for your help.
I was offerred the following on a 528i, could you tell me if this is a pretty good deal? I think I can get them to go to invoice on the car, right now he's at $500 over.
MSRP: $50,925 (Nav and premium package)
Residual: 60%
Cap Cost: $47,955
12K miles/36 months
MF: .00145
Rebate: $2,500
Add on: $970 (assuming this is destination fee?)
Adjusted Cap: $46,425
Total annual fees: $398
Total initial fees: $36
Amount due at start: $1238.28
Monthly payment w/CA tax: $598
Any feedback would be greatly appreciated, I need to decide by Sat to get this...my lease is up on my 530 on 3/11.
Thanks!!
Why do I see posts here where people ask if $709 is a good deal on a 528xi for 36 months if the BMW website has them with Premium package and auto trans for $559? Are the lease specials shown there realistic? How much dealer contribution do those monthly payments incorporate?
My goal is to lease a 535xi, 36mo, 10k miles, 4K down, for close to 500 per month, since the BMW site has it listed for $629 with 3500 down. I'm estimating that BMW's numbers have 2000 dealer contribution, and I would try to get for invoice.
Thanks
Get dealers to compete for the same or similar car.
Try Chris at Global, Josh at Macon and Rick at Athens.
Good luck
2009 535
Sport
Premium
Comfort
Power Sunshades
Heated Seats
Park Distance
Navigation
Sirius
iPod
MSRP is $62,300
Selling to me for $59,310
From what I can see this is about $500 over invoice which seems reasonable.
I also have $3200 rollover on an X3 that is figured into the deal
$859 / month 36 months Taxes included, Only first payment down.
My issue is that it has the old i drive. Is it likely that doing ED on a new 2010
with same options and saving the 7% that I will get a better deal?
Thanks
One point to consider. I just got a 2007 550i Certified car. 30k miles on it for $35k. It is a $72k car loaded with the V8. I financed it for $640/month. Warranty until 2013, 100k miles. I will have equity in this vehicle making my relative monthly less as I will get some of that money back. lease is a throw away.
$200/month cheaper than the deal you are listing.
Just a point to consider.
2009 528i
36 month/ 10K
$2500 Reduction from BMW (Covers in fees)
Selling Price $48,114.52
Residual Percentage 61% ($30,634.20 at lease end)
Money Factor .0020
$2500 down
$519 mthly payment
Can someone share their opinion of this offer?
Thanks
2009 528i sedan with xdrive, premium, cold weather, rear folding seats
MSRP $52550
Invoice: $48375
Selling Price $47290
36 mo/12K
Residual 60% ($31530)
Money Factor 0.00145
Nothing down (other than taxes, fees)
$552.07 per month
MSRP $59,200
Is this a good lease deal ?
Do we have BMWFS' Money factor, the residual %, and Acq fee for a 36 months, 15K miles lease for: 2009 528xi, 535xi and 535xiT ?
Also, what kind of incentive is available for leasing and Financing for people who are NOT BMWFS' customers? I heard for leasing, BMWFS provides $2,500.00 Cap Cost reduction discount. And for financing, BMWFS has 0.9% for 60 months plus they will take care of the first two months payments, are these correct?
Thank you,
Please post any additional questions that you have about leasing a new 3-Series in the "BMW 3-Series Lease Questions" discussion. Thanks.
Car_man
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The money factor that you were quoted, .00145, is correct for current BMW FS lessees.
Car_man
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Car_man
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$529 Monthly Payment
36 Month Term
$3500 Down Payment
$550 Security Deposit
10000 Annual Mileage
Restrictions Lease based on 2009 528i Sedan wit Automatic Transmission, Premium Package and MSRP $49,025 including destination charge. Actual price may vary. Dealer contribution may affect terms. See dealer for details.
Anyone out there seeing anything better than $500 over invoice??
Car_man
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Car_man
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BMW FS' base lease acquisition fee is $725.
If you opt to finance instead of lease one of these cars, you can do so through BMW FS at 0.9% for up to 60 months, regardless of whether you are a returning customer or not.
As you have heard, BMW is waiving the first two payments on finance contracts and providing a $2,500 cash incentive for most customers on leases.
Car_man
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Car_man
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Thank you very much.
So for both new and returning BMWFS customers, BMWFS will wave the first two payments on finance also BMWFS will provide a $2,500 cash incentive for most customers on leases. Am I correct?
Why it is "most customers" not "all customers"? Because of their credit score?
What is a "good deal" that anyone has seen out there to lease for 3 years? I will not pay to reduce the cap. costs. I hear about this $2500 reduction being offered but seeing as times are so tough, where are the super-attractive offers you hear about on the news? Also, if I want to buy an extra 5,000 miles per year - how much should I expect to add to the monthly nut?
528i
nav
premium package
comfort package
cold weather package
ipod
msrp $53, something
cap $49,995
BMW FS rebate $2,500
58% residual
0.00175
$800 security deposit
$925 (i think) acquisition
Looks like I could get the cap down a little more...
thoughts?
The fee does go directly go BMWFS.... the only part that is negotiable is the amount over $725...
regards,
kyfdx
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Maryland leases are one of the worst, we have to pay tax on the total purchase price ($2910), unlike other states where you pay tax on the sales price minus residual value (in NJ you'd pay $1969)- so my figures will include about $1000 more rolled into the price
6% tax. 58% residual, 0.00175 MF (I was told that once you apply for the lease, if you are tier 1, that could drop to 0.00145), $2500 BMW loyalty (everyone gets this), $725 acquisition comes out to $707/ month
That is a 15k per year lease, with only first payment down.
so dollar...you've got a higher residual, 60%, and lower taxes, thats how you got the $530 payment - sucks for me, great for you.
does this special MF apply only if you have an existing lease with BMW or i had leased an '05 3 series that ended march '08, would that qualify?
tks.
Dealer quoted me the following:
535ix wagon
36 months and 22,000 miles a year- yes I do need that much!
Options:
Blue/ saddle
premium
Cold
Nav
MSRP is $61,925
EDMUNDS price 58,250
dealer quotyed price $59,565
monthly payment $772.00
Aq fee 725
Deposit 650
Tax state is CT @ 6% of lease only I think-not total car price
Down payment $6,143
MF translates to 4.2% he told me
This includes $2,500 off. I own a BMW but am not a BMW FS client
what areas specfically can I negotiate on?
MF
Deposit?
MSRP discount?
Like to get monthly down by $100- possible?
Also I would like to add sattilite radio
Any body have a good internet salesperson in the tristae NY area to deal with- name? #?
THANKS!!!
Nav
Premium
Comfort
Cold weather
MSRP: 59775
Adj CAP: 54450
Payment without tax: 678.68
In New York.
Total out of pocket including taxes and fees: $3800.
would appreciate your thoughts/feedback.
MSRP as equipped --- $53,825.00 (includes $825 dest. charge)
Net cap cost ------------ $50,625.00
term is 36 months
milage is 15K
Residual is $31,218
Due at signing is $2000.00
Monthly payment is $637.19 plus tax = $686.57 total monthly payment
This is for a new 528i.. What do you all think?
$459/month for 36 months plus an additional $2500 off your lease*Vehicle Registered outside N.Y.
• $459 First months payment
• $3,500 Down payment
• $500 Security Deposit
• $725 Acquisition fee
• $5,184 Cash due at signing
Could they reduce the $5,184 due at signing to $2,684 based on the additional $2500 off offer?
09 BMW 528i
premium
sports
Nav
ipod and usb adapter
36 months
15K
MSRP is $54,225
Selling Price is $50,850 ( this includes the $2500 cash incentive)
Cash out of pocket is $2000
Monthly payment is $672 (this includes the tax)
What do you all think?
what state is this in and what is your tax%?
tks.
I need to know if sjd3 has a good deal also. I live in southern california and called a dealership and was given a car note offer of $800, which I already know is way to high and that was with the incentive. I asked for the same options, mileage, months etc. as sjd3. I think this guy at BMW wanted to see if I knew any better.
Thanx
Any thoughts car man?
I am now urgently trying to find someone to take over my lease on a 2008 528xi with 688/m, which the price I pay now.
I called BMW financial services, they say the only way is to do the Lease Assumption!
basically I find someone and have him/her go through the BMW credit check, if she/he qualifies, then we do the paper work, switch the name on the lease, it's totally different from the term Sub-lease, which is not allowed under this case.
I post ad on craigslist, seems like no one likes to do the 'Assumption'! and i googled some famous website like 'swaplease' or 'leasetrader' etc,,, they all charge heavy money on posting adz, and i am worrying about if those sites are scams!
can anybody tell me what to do ? who had such experience before? are those websites working?
thanks a lot !!!