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BMW 5-Series Lease Questions
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Comments
In Florida, I couldn't find any dealer, and I checked with many, who wasn't padding the AF by $200.
I got a very good lease deal on my 545 with a MF of only 0.0010 but my AF was $825.
Couldn't get it down.
Nevertheless, I am happy with my deal as my monthly payment is about the same as a 2006 530i for much more car.
You haven't really lived until you experience a BMW 8.
Also, I would not expect a promotional rate for the 550i so early in the model year. Last year, there was a fire sale on the MF for the 545i due to the outgoing model ...
If you had paid the security deposit, that would have reduced the MF of .0016 by .00015.
You are able to pay a maximum of 5 security deposits, each of which will reduce the MF by .00005, which means the total possible reduction is 0.0025.
This will make a significant difference in your payment.
I know of only one dealer here in Northern CA who will even readily admit to the above. But, even my dealer will not back down on the Bank Rate :-)
The best thing in your case would have been to custom order a car. That way you get exactly what you want. There is a small wait, but a reasonable one.
As for the best lease deal, with leasing there are so many variables, it is difficult to pinpoint the best lease deal as such .
My mf is only 0.0010 (2.4%).
I knew they would charge an arm and a leg for the 550.
I am paying around $300 less per month compared to a comparable 550.
I don't know about you, but I can always find some use for that savings of $10,800.
I did notice some better December MF quotes earlier in this thread, though, which also suggests that my dealer is tacking onto the lease rate... should probably talk to them about that...
New 2006 BMW 530xi Sport Wagon
Alpine White
Beige Leather
Automatic
All-Wheel Drive
Xenon lights
Cold-Weather Package with heated front seats
Premium Package
Rear Sunshades
Parking Distance Control
Navigation
Satellite Radio
With $5000 TOTAL DRIVE-OFF, your monthly payments are $399 + tax per month for a 2 year lease at 10000 miles per year o.a.c.
The residuals are as follows:
24 mo/10K miles - 77%
24 mo/12K miles - 76%
24 mo/15K miles - 74%
36 mo/10K miles - 63%
36 mo/12K miles - 62%
36 mo/15K miles - 60%
In December BMW increased their two year residuals (artificially high numbers) so that the 24 month payments are about equal to their 36 month payments - obviously they are subsidizing the 24 month lease big time and absorbing a big hit at lease end - their loss, your gain. BMW has continued their residuals through January.
525 - 0.00160
530 - 0.00140
550 - 0.00260
These have been the money factors for awhile now. Looks like your dealer is charging even more = extra dealer profit.
Thanks in advance.
Can you confirm that BMW money factors are favorable through January because there is nothing listed on leases for them at the Edmunds.com website right now? And what models of BMW are being lease subsidized right now?
Thanks
Just received a quote for 24 month, 24K 2006 530i steptronic, cold, premium. MSRP 51,020 selling 48,725. inception fee [includes first month payment] 858.43 assignment fee 625. Residual 72% MF 0.001550.
What do you think? Seems fair to me. monthly payment $618.15 + 6% tax= $655.23 per month.
Piczka
2006 Black BMW 525i, Sport Package w/Beige Leather,Steptronic Transmission - $49,865.00 @ 24 months, 15000 miles, and $3000.00 down. Quote $625.00 per month but really need a lower payment. Your thoughts are greatly appreciated!!!!!
Thanks.
http://forums.e60.net/index.php?showtopic=20366
That place is sooo not where I would want to be.
Anyway, sorry about your situation. But keep your head up! I've been through the reverse situation and I can tell you that life gets better when they're gone.
Thanks
If you make the security deposit, you can drop your money factor to .0014, and the base payment will drop to $605/mo.+tax.. I recommend doing that.. $120 annual return on $650 is pretty darn good... and the $650 will come back to you at the end of the lease...
regards,
kyfdx
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2006 BMW 550
MSRP: $63,195
Selling Price: $61,195
Residual: 71% (24 months / 12k miles per year)
Money Factor: .00260
Lease: $956.06 + applicable tax
Residual: 62% (36 months / 12k miles per year)
Money Factor: .00260
Lease: $872.48 + applicable tax + Inception fees due at signing (first month's payment, security deposit, documentation fee, bank fee, motor vehicle fee, applicable taxes and fees)
The lease rates on the 525 and 530 are substantially better.
Hope this helps,
Auto Advisors
3 yr 12k/yr with 1st payment down ---
$676 (includes MI sales tax)
3 yr 15k/yr with 1st payment down ---
$698 (includes MI sales tax)
Any comments on the above deal please?
Should I go for 2 yr or 3 yr lease?
Appreciate your help.
Thx,
Sam
I am in MI too and thinking about leasing BMW, not sure 525i or 530i. Do you really see the need for xi in Michigan? Looks like you are getting a good deal, do you mind which dealer you got this from?
spaka
Selling Price: $45,465 (could probably do better)
Lease Price: $529.25 + applicable tax
Unless MI has an extremely high sales tax, it sounds like you are getting a poor deal. I would recommend the 24 month lease over the 36 month lease as the residual is very strong.
I was given a following quote from local N. Cal dealership for pre ordered BMW530 2006
w following options:
convinience access
NAV
sport package
folding back seat
rear sunshade
heated front seats
premium package w.leather
MSRP 57,220
GRS CAP COST 54,800
ADJ RESIDUAL 34,332
money factor 1.95 - corresponds to 4.6% -?
aquisition fee 946.13
for 36 mo/ 15K/yr
8000.00 down - monthly 629.08 (inclusve tax)
2,182.00 down - monthly 807.33(inclusive tax)
How fair is the lease?
Thank you
I think that you are getting a pretty poor lease. The money factor seems way too high, it should be around 0.00140.
Please let me know if I can be of any more help.
how do you think it may be negotiated?
Should I have a competing bid from other dealer?
or may be there exist info about current finance rates from BMW finance?
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 give you my opinion of this deal if you let me know what these numbers are.
Car_man
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Is the $49,865 price that you mentioned this car's MSRP or selling price? I need to know both in order to give you an accurate opinion of the deal that you were quoted. Let me know and I'll tell you what I think.
Car_man
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Selling: $54,800
24 mo/15k mi
Residual: 72% of MSRP
Money Factor: .00140
Monthly Lease Price: $701.15 + tax
36 mo/15k mi
Residual: 60% of MSRP
Money Factor: .00140
Monthly Lease Price: $693.34 + tax
These leases are with no money down and inception fees due at signing.
Hope this helps!