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BMW 5-Series Lease Questions
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I'm considering a one pay (upfront pmt) lease on a 2013 BMW 550i (36 mo., 12K mi/yr). Local dealers are quoting .00195 to .00225 for the MF, which is higher than their quoted rate of .00185 for a 36 month, monthly pay lease. I am aware that the base rate from BMW FS is .00145 for a monthly pay lease and it would seem to me that the same base rate should apply for a one-pay lease. Dealer is claiming that MF on one-pay leases are always higher. This seems counter-intuitive to me, given that they are getting all the cash upfront in a lump sum pmt, vs over 36 months. I realize that they're trying to mark up the base rate on the monthly pay leases as well, but to mark it up even more for a one-pay lease seems even more ridiculous. Is it common practice to charge a higher MF on one-pay vs. monthly pay leases? Thanks.
Car_man
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Car_man
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Car_man
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Definitely do not let the dealer charge you a higher factor for a pre-paid lease. You may want to find a different dealership to work with.
Car_man
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I just wanted to see if I am getting a decent deal here. Tier 1 credit high 700's
A dealer in Chicago (suburban tax cook)
MSRP: 65,832
Sale Price: 62,998
36 month 12K miles per year
Money Factor. .00185
5k down + 1st Payment.
Monthy Payment including tax: 727.36
Please let me know your thoughts.
Thanks!
I'm looking to lease a 2012 535i lease 36 mo/10k. Returning customer. Prem pkg, sat radio. Inv $50440 + 895 frt = $51335 - 3500 Sept allow - 750 loyalty = $47085. If the MF of .00145 is used, payment would be $525 + tax. Drive off costs would be something like 1st month payment + acq fee + tag transfer. Am I on the right track.? Is the MF negoitable? Thanks for your help.
Please advise the residual and money factor on 528xi for 2012 and 2013 for September based on
36 months, 36,000 miles.
36 months 30,000 miles
Thanks!
Total drive off I will pay no problem. But I don't want to put money down. 750 credit score. What price range is considered good for a lease on a car with these specs? I wanted to get insight here before talking to the dealers.
Thank you in advance for your help!
MSRP: 58025
Cap price: 49500
36 month lease 10k miles
2k down which included ac fees, dealer fees etc
MF 0.00145
residual 3 yrs at 57%
credit score: 786
purchased wear and tear only. $1250
monthly including everything: $673.
good deal?
Car_man
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The numbers for an otherwise identical lease of a 2012 model are .00145 and 58%.
If you were to lease with only 10,000 miles per year, these cars' residual values would be 1% higher.
Car_man
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(I do have the perfect car for you with the color combination you want. It’s actually a Factory Demo which has only 1,666 miles on it but the lease comes out to be better. It’s got the basic packages you need.
The MSRP is $56,095
We have it advertised for $50,981 (discount of $5100). If you are a current BMW customer you also get an additional $1,250 from BMW!!!!
Rates and programs have never been better on the 528i.
Let’s say that with 2,000 total drive off / 36 month lease. Difference in payment between 10k and 12k is $15.00
Average Monthly is $615 + tax (on approved credit) and this is for 10k miles per year. Residual is 59%
I really need help on what I should ask next. He did not give me the details and break down on the car yet. If this has the so called basic options than why would the msrp so high? The invoice on a basic is about 43,330. Since this has some miles on it would I be able to negotiate an extra discount because I would have to pay for it? They are also offering a $2500 option allowance am I able to apply that to MSD? I have a crappy credit score of 570. Another dealership is also offering a $1000 dealer cash on the same car, would I be able to ask for it here also? Thanks in advance.
Lease offer for 535i 2012 manager demo car with 5kmiles
Msrp 63k
Cap 54200
MF 0.00125
RV 57% 10K miles
Monthly 668 tax inc
Down would be about 2k to include first month, bank fee, registration.
Problem is I have a BMW lease 2009 model with 2 payments left costing 950.
They're not willing to pay off my current lease. If I eat the 950 will this be a good deal? Or is there something else I can do? I checked the buy off on my current lease and its less than the current trade in value. So buying my current lease and then selling it is not an option.
Thnka for your help. Cheers.
I just leased a 2012 with an msrp of 65,745 for 670 with 3500 all in.
Brand new 12k per year including tax.
Hope this helps.
10K/36 mo
MSRP 55745
RV 57%
MF .00145
Prem/XM Sat
$3500 BMW, $750 loyalty, $2500 dealer discount
$1k due at signing inc 1st mo payment/$625 inc tax
Is this a good deal?
1 MSRP
2 Negotiated sale price
3 Money factor
4 residual
It is highly advised on this board and others that one does not put money down to lower payment.
state taxes vary so independent of lease
E.g $63K BMW 535 for $600 per month for 36 month, 12K miles per year is a great value, $750 per month for the same car and terms - not so much.
I need some help here. I was wondering what is the right amount of money to put down with monthly lease for this http://www.motorwerksbmw.com/detail-2012-bmw-5_series-4dr_sdn_535i_xdrive_awd-ne- - w-9135769.html
I was thinking in terms of $3500 down with $600 monthly lease. Is it still high or is it a good deal if it works out?
Thanks.
Car_man
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This is a fairly thin deal already, so I can't say that I'm surprised that the dealer isn't willing to absorb the remaining payments on your current vehicle.
Car_man
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This is what I get from edmunds after putting in the package and navigation optoins:
535i xDrive Sedan
(3.0L 6-cyl. Turbo AWD 8-speed Automatic)
MSRP: $61,545
Price as configured Invoice : $56,655
True Market Value®: $55,820
The True Market Value® (TMV®) price is our exclusive method for calculating what others are paying for a 2012 BMW 5 Series Sedan 535i xDrive in Minneapolis, MN (based on actual sales data from your region).
So now what do you think should be a good monthly lease with a down payment.
I tried to push them to go lower, but they weren't willing to budge. Ended up getting it the day the lease incentives expire.
Secondly, on a 2013 base 535xi with premium BMW is advertising a 579 per month. When I add 10k worth of options the dealer lease quote was over 850/month. MSRP 68k, cap 64.5k residual 58%, and MF .0016. It seems like the entire 10k in options is added directly in to the lease term, divided by 36, with no offset for the residual.
Car_man
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can you post the MF and residual (and any available incentives) for remaining inventory of 2012 535xi's
36 month 15K/year
thx!
That deal on the CPO isn't too great. The true dealer cost on that car new is about $57,420 (after invoice, minus holdback, $2,500 option allowance money, $1,000 USA Drive Event Money, $750 loyalty and $500 BMW apps. for being a current BMW Financial customer). On the 2013 the dealer is just toying with you. Here is a deal I just did for a friend on a 2013 Model 535xi sedan, he picked up the car yesterday.
The car was a little cheaper than what you were looking for (about $65,000) but a much better deal. Money factor for 36 months is .00135 and residual for 12,000 miles per year 61%. He came out of a BMW X5 so he had loyalty which gave him an extra $750 and $500 credit towards first month payment. His payment includes tax (7.375%) and just put first month, bank fee and DMV out of pocket . See below - Hope this helps you!
Friday, October 05, 2012 6:45:14 PM
CUSTOMER DISCLOSURE
Customer Name: Inside Car Buying LLC WD Deal ID: 234612
Sale Vehicle: New 2013 BMW 5 SERIES 135D 4dr Sdn 535i xDrive w/AC , Automatic , Odom: 0
Payment Details
Term 36
Base Payment 676.49
Total Payment 676.49
Purchase Option 39,570.70
MSRP 64,870.00
Est. Miles Per Year 12,000
Disposition Fee 350.00
Excess Mileage Charge 0.20
Amount Due at Signing
1st Month Payment 676.49
Acquisition Fee 725.00
Fees & Insurance 247.50
Total Inception Fees 1,648.99
Total Cash Required on Delivery 1,648.99
Tax Information
Customer State: New York Customer County: WESTCHESTER
Type Amount Rate Paid
Cashdown Tax 59.00 7.3750 Capped
Upfront Tax 1,789.79 7.3750 Capped
Fee Information
Description Amount Paid
Reg 150.00 Upfront
Insp 10.00 Upfront
Title 12.50 Upfront
DocFee 75.00 Upfront
The Money factor on a 2012 BMW 535xi is .00135 and residual for 15,000 miles for 36 months; 54%. This car has an option allowance credit of $2,500 which most dealer received in July, $750 loyalty if your coming out of a BMW, $500 first month payment waiver though BMW Apps if your currently in a lease or finance contract with BMWF, $1,000 USA Drive Event cash if you took part in this program that was offered all summer long across the USA and if you find the right dealer; he'll be able to sell the car about $2,000 behind invoice. Hope this helps Good Luck!
(and yes, i have a team drive credit, an ultimate app credit and a loyalty credit:))
msrp - 56500
sale - 50300
upfront - 1000 including first month payment
monthly 639
residual 58%
12k miles a year
36 months
payment includes loyalty, app credit. any good? or could this be better. this is one of the last few 2012s i guess. have a feeling it could be at least 1000 better?
I'm reaching the end of my 3rd lease and these forums have helped me every step of the way. Leasing is so much easier when you can calculate your own payment, and then know whether or not a dealership is padding the numbers. We are lucky to have this forum.
I've been offered a pull-ahead on my current 528 lease. I've done some preliminary research, but I'm confused between 2012 and 2013 offers, rebates, RV, and MF.
I'm looking for a 10K mi, 36 mo lease. Can you give me the MF and residuals for the 2012 and 2013 528 and 535? Also, are the $2500/$3500 dealer cash being offered in October for both model years or just 2012?
Thanks again for your help.
Thanks
What type of deal should I be getting off MSRP, say a vehicle the is $68,000. MUCH THANKS!
Car_man
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BMW Financial Services' October buy rate lease money factor and residual value for a 36-month lease of a 2013 528i with 10,000 miles per year are .00135 and 60%, for consumers who qualify for its top credit tier.
The numbers for an otherwise identical lease of a 2013 535i Sedan are .00135 and 61%.
The numbers for the 2012 528i Sedan are .00135 and 58%.
The numbers for the 2012 535i Sedan are .00135 and 57%.
When negotiating your deal, make sure to take advantage of the $2,500 in cash incentives that's available on the '12 528i and $3,500 on the '12 535i. There is not really any cash incentives on the '13 models right now. I say "not really" because there's some behind the scenes dealer cash that's based upon dealers hitting certain sales objectives that could provide a couple hundred dollars on deals.
Car_man
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Car_man
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I'm new to the site and really appreciate all of the great information I'm seeing so far. I am looking at a lease on a 2012 528i xDrive with Premium, Tech and Cold Weather packages. Let me know if you think this is a good deal or if I can do better:
MSRP = $56,325
Sale Price = $49,313
Money Factor = $.00165
The dealer is located in MI so there's a $190 documentation fee and I'm being told a $925 acquisition fee on all BMW leases.
I'm planning to put $7500 down and I'm getting the following numbers from the dealer for 15,000 miles per year:
$621 (includes tax)/ month for a 24 month lease
$590 (includes tax)/ month for a 36 month lease
Thank you for your help!
We are current BMW customers with lease on our 2010 528xi expiring January 2013. Contacted by our dealer looking to terminate this lease and get us into a new one. We like the BMW and have brand loyalty (which probably weakens our position) and want to stick with the 5 series. This particular 528 comes with the cold weather/executive packages and also contour seats. MSRP is $59,895. "Initial Cap Cost" is $56,600 with dealer invoice (we're told) at $55,800. Dealer may take a few hundred off the ICC but clearly not interested in going behind invoice. Dealer adding $925 in bank fees as additional cap. Residual @59% = $35,338 after 3 year lease term @12k miles per year. Money factor = .00155. As structured, deal sees us putting $5,500 down of which $3,800 is identified as cap cost reduction. We also get the $750 loyalty credit. Monthy payment including taxes is $676. This does not seem like a great deal frankly and would like thoughts.
Follow up question has to do with leasing a 2012 535xi that is on the show room floor with reduced listed price of about $56,300. This car has all of the features we're looking for but not sure how a 3 year lease deal would compare given that we're late in the model year.
Thanks very much.
The acquisition fee that you were quoted is being marked up slightly, $925 versus a base charge by BMW FS of $725. So add another $200 to the dealer profit and you're really at around $1,000 over invoice. Again, this isn't terrible, but if you are in an area that has significant competition, I would not be surprised in the least if you were able to beat this offer by several hundred dollars.
The dealer is marking up your vehicle's money factor as well. BMW FS' October buy rate for the 2013 5-Series is only .00135. Make sure that they use this factor to calculate your car's payment, especially if they are charging you $1,000 over.
In my opinion, $3,800 is too much money to put down as a capitalized cost reduction. I always advise consumers to put zero down towards the cap cost. I do so because consumers whose vehicles are totaled in an accident or stolen and never recovered risk losing part or all of any money that they put down. Your monthly payment will be a little higher, but it's much safer to go with a zero down lease.
Given the cash incentives that are available on the 2012 5, you might want to get the dealer to quote you a payment on that car as well. I wouldn't be surprised if it was less expensive to lease than an equivalent '13 model, even this late in the year.
Car_man
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Thank you for any assistance. First time leasing. Currently own a 2002 530, exc. condition, 118,000 miles which I may trade in.
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.
BMW Financial Services' October buy rate lease money factor and residual value for a 36-month lease of a 2012 528i Sedan with 12,000 miles per year are .00135 and 59% for consumers who qualify for its top credit tiers.
If I was in the market for this car in an area that has a lot of competition, like Los Angeles does, I personally would shoot for a selling price of $500 or so over dealer invoice and see what happens.
Car_man
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