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BMW 5-Series Lease Questions
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I believe that there is a $2,500 option allowance and $750 owner loyalty cash on leases of this car right now. If you are able to negotiate a selling price of $1,000 over invoice minus any available cash incentives then yes that's how your car's capitalized cost would be calculated.
Car_man
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The numbers for an otherwise identical 36-month lease are .00145 and 58%.
There is a $1,500 option allowance and $750 loyalty cash on leases of this car right now.
Car_man
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Car_man
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Charles
My current 528xi lease is going to end in 10/31 with $600/month. I would like to lease a 2012 535xi with Techology pkg, cold wether, premium pkg, BMW apps, Sat radio -MRSP $62,148 (invoice price$57,500)
Dealer offered $700 (pretax-$740 after tax)m for 36 months and 10,000, and will end my current lease, is this a good offer and $4000 plus $1000 tax.
Or should I wait to end of my lease and get better deal on 2013 models with higher residual.
Thanks in advance.
Based on current lease rates promo deals.
You should be in the $500~ because of the huge discount from 56.9k to 44.9k (11k difference~)
Your lease payments should be very low with the down payment and 12k miles a year...
$699 with tax and fees is still high, depending on the packages/options you get... in NJ (7% tax) we are able to get a 528xi premium for mid $650~ with total out of pocket of $4,000
MSRP - $56,575
Invoice - $52,614
Loyalty - $750
Option Allowance $1,500
BMW USA Drive Event $1,000
Behind Invoice - $,1500
Selling price - $47,864
Money Factor .00145
Residual for 12,000 miles 58%
Out of pocket total - $2,937.11
Bank Fee - $725
Transfer plates - $100
Doc Fee - $75
NYS Inspection $10
NYS Tire Fee - $12.50
Taxes - (7.375%) $1,479.56
First Month $535.05
Monthly payment for 36 month term $535.05
I'm was just offered the following deal in Norther VA. 535ix with Premium Package, Technology Package, Cold Weather Package, Sports Package, Sirius, Sports Automatic Trans, and BMW Apps with a sticker of $66,245 and a sell price of $57,807. The lease price they gave me for 36mo and 12,000 miles was $795 for Tier 1 credit. But the number don't add up to me. The sales man told me he was using .00175 instead of .00145 for the money factor and the residual value is 59%. The monthly lease payment I come up with is much cheaper than what they have.
Could you tell me what the correct lease payment should be along with the money factor and residual value. Also all taxes are paid up front.
Thanks in advance Car Man
I just leased a similar car w/sports package and pull ahead of current 535xi for 3 months ($600x3), MRSP was $62,000 with total $5000 down that includes everything tax, and destination charge, and $800 damages to the last car, my monthly lease is $700 including tax, i also had a $500 credit by downloading app called ultimatedrive and request a test drive thru the app. Also this was my fourth BMW lease,2012 535xi black. Good luck.
Thanks
MSRP - $56,575
Invoice - $52,614
Loyalty - $750
Option Allowance $1,500
BMW USA Drive Event $1,000
Behind Invoice - $,1500
Selling price - $47,864
Money Factor .00145
Residual for 12,000 miles 58%
Out of pocket total - $2,937.11
Bank Fee - $725
Transfer plates - $100
Doc Fee - $75
NYS Inspection $10
NYS Tire Fee - $12.50
Taxes - (7.375%) $1,479.56
First Month $535.05
Monthly payment for 36 month term $535.05
Numbers do not add up assuming cap cost of the car $47,864.
If 2012 535i with premium Package and Tech Package;MSRP is around 57500;but the sale price is around 52500, plus i have my old car trade in with value of 7500;. The lease will be 36 month, with 12k miles/year. I believe the residual is 0.58 and the Money Factor should be 0.0018;with down payment of 2500, according to your calculation, would you please kindly give me the suggestion what the monthly payment will be? Thanks in advance.
Also, from what I understand, if you buy through the dealer, you can get better financing options and the vehicle is purchased as a CPO.
Has anyone been through this process? Can you negotiate the purchase price with BMW FS, the dealer, both?
Any tips or advice is much appreciated. Thanks.
Using these numbers, an MSRP of $66,245 and a selling price of $57,807, I estimate that this car would have a zero down, pre-tax monthly payment of around $713.
Car_man
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Car_man
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Also, the money factor that you were quoted is too high. BMW FS' current buy rate for consumers who have decent credit is only .00145. If your credit is in good shape make sure to insist that the dealer use this factor to calculate your payment.
According to my calculations, if you were to lease a 2012 535i that has an MSRP of $57,500 and a selling price of $52,500 through BMW Financial Services right now fort 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment would be around $687.
Keep in mind that BMW is kicking back dealers a $3,500 cash incentive on this car. With help from that cash I have a feeling that you may be able to negotiate a lower selling price.
Car_man
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I personally would be hesitant to purchase a BMW at lease-end, just because BMW FS is notorious for overestimating vehicles' residual values. Essentially BMW artificially inflates vehicles' residuals to hide lease support. This is great for people who lease because it provides them with lower than normal monthly payments. However, inflated residual values would not be good for people who want to buy their vehicles at lease-end.
Make sure to compare your car's purchase price to what you would have to pay for one on the open market right now. Your saving grace may be the fact that used vehicle values are still fairly high right now.
You should be able to have the dealer certify your vehicle so that you can take advantage of the extended warranty and special financing offers. That's probably the way to go.
Car_man
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I also got quote from dealer and they told me the 3500 option allowance does not apply to every 535i.
I calculated my monthly payment with 2500 down, first month pay and 725 aquisition fee 56% residual, 0.00145mf 12000k/yr to be about $538 include ca tax, do you think this is doable?
MSRP: 56,245 (prem/cold weather pkg, navigation)
I would like to know what would be a good invoice price, money factor and residual value for this car. And of course, the lease payment per month. Appreciate your help.
BMW 528Xi - Black Sapp. Metallic with Black Leather
Packages: Prem, Cold Weather and Tech
MSRP - $56,795
Term - 36 months
Mileage - 12,000 per year
Tax - state tax included in the monthly payment
Down payment - $2000.00 cap cost reduction
Due at signing - first payment, new plates $99 (transfer $25), doc. fee $161.39, title $95, electr. registration $25
Monthly payment - $659.00*
Thanks.
Also, how competitive will local BMW dealers be with one another? And, finally, the dealer mentioned potentially ending my present lease early --assuming no financial penalties on this, are there any other downsides?
thanks!
BMW 528i Xdrive with prem., cold weather and tech package
Black Sapphire with Black Leather
Demo car with 400 miles
MSRP: $56795
Selling Price: 49,595
MF: 0.00145
Residual Value: 32,000
Live in Illinois; so taxes apply on full price
Lease terms: 649/month, 0 down, 10K/36 mos
What you were told is only somewhat correct. Theoretically there could be a few 535i models out there that a dealer didn't make eligible for the $3,500 cash incentive, but I doubt that there are many. Any smart dealer would have made sure that any remaining 2012 535i Sedans that they have in inventory are eligible for this cash.
I think that $500 over invoice minus incentives plus the use of the buy rate lease money factor is indeed achievable.
Car_man
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In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
If I was in the market for this car right now, I personally would shoot for a selling price of around $500 over invoice minus the $2,500 dealer cash that is available on it. Of course, if you are in an area that doesn't have much competition you may have to pay a little more than this.
BMW Financial Services' buy rate lease money factor and residual value for a 36-month lease of a 2012 528xi Sedan with 12,000 miles per year are .00145 and 58%, respectively.
Car_man
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If BMW is running any official early lease termination program (and if it is I am not aware of it) then there's no down side to ending your current lease early. If not and the dealer has to buy out your lease then you may end up paying more than you should to get your new BMW.
Car_man
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thanks!
Local dealer in SF Bay Area (the general sales manager) offered me his cost less incentives and buy rate on bank fee and money factor so I am pulling the trigger unless someone tells me I should look for something better.
2012 528i black/black premium, tech, cold weather, bmw apps. 36 Mos 10K miles.
Any reason to hold out for a better deal. Not many 2012s left in Bay Area and this is my preferred colors.
Incentives are:
2500 option allowance
750 loyalty
500 ultimate drive app
I did not go to the drive event - will do so in the future.
Am I missing any incentives, holdbacks, etc ???
Charles
What are the following for this deal
1) MSRP
2) Selling Price
3) Residual
4) Money Factor
5) Drive Off
6) Monthly Payment without sales tax
Black/Black - prem, tech, cold wx, bmw apps
1) MSRP $53,595.00
2) Selling Price $46,160.00 (Inv less 2500 opt allow, 750 loyalty, and 500 BMW Ult Drive App)
3) Residual 58% ( $31,085.10 )
4) Money Factor .00145
5) Drive Off 1932.00 (bank fee 725, registration 400 ish, doc fee 80, first payment)
6) Monthly Payment without sales tax $530.75
Hope that helps - good deal ???
MSRP: $61925 (Space Gray with black interior, Premium, Navigation, Cold weather, Sat Radio, BMW Apps)
Internet Selling Price: $52990
Additional Discount: $500
Loyalty: $750
Graduation Credit: $1000 (Wife is graduating)
Final Sale Price: $50740
Too bad I missed out on Team USA event
Monthly Payment = $618.56 (including 10% PA Tax)
Drive Off: $1815.96 (Acq fees including taxes=878.90, Doc + Plate=318.50, First payment=618.56) - 500 BMW App Discount = $1315.96
MF is 0.00155 instead of 0.00145...they did not negotiate on it after the deep discounts.
This deal is from BMW Cleveland...they still have a few more 2012 535i's available with deeply discounted internet price.
I am looking to buy or lease 2012 528I or 535I, not sure which option is better. Would you happen to know of any current good lease or buy deals in New York City / New Jersey area (or within 200 miles radius)?
Thank you in advance
MSRP $63695
Cap Cost $58836
Acq fee $725
Lease terms:
36 months 10K miles a year with $5000 cash down
BMW MF is .00145 and residual 60% of MSRP= $38217
Total at signing is 6,506.18 (includes tax on down payment, 1st payment and security $750)
I have plugged these numbers into 3 different spreadsheets and calculators. My calcs put payment about $610 per month. Dealer just came back with $681
I realize Im getting a good deal on the Cap Cost, but I dont understand where he is getting the monthly payment at $70 per month higher. All spreadsheets are from reputable sites.
Any thoughts? They must be either marking up the MF or adding "training" or "document" fees.
Thanks in advance
TS
I am now looking into a lease wholesaler who works with BMW FS and is using the quoted MF. I no longer wish to do business with the local group who owns the 3 local dealers, Crown Automotive. (BMW Richmond, BMW Midlothian, and BMW Charlottesville)