2015 BMW 5-Series Lease Questions

zoombie99

I just found out something interesting regarding leases in NY.

NY residents can get around the MSD prohibition by leasing in another state.. The signing of the lease and delivery MUST occur out-of-state. I guess its worth it to go to NJ or CT now.

zoombie99

FYI - BMW is raising its aquisition fee from $795 (with the dealer allowed to mark it up $200 to $995) to $925 as of August 1, 2015. I don't believe that the dealers are going to be allowed to mark it up after August 1st.

Michaell

zoombie99 said:

I just found out something interesting regarding leases in NY.

NY residents can get around the MSD prohibition by leasing in another state.. The signing of the lease and delivery MUST occur out-of-state. I guess its worth it to go to NJ or CT now.

Yep, quite true.

Michaell

zoombie99 said:

FYI - BMW is raising its aquisition fee from $795 (with the dealer allowed to mark it up $200 to $995) to $925 as of August 1, 2015. I don't believe that the dealers are going to be allowed to mark it up after August 1st.

Have to keep an eye out on the numbers we get next month to see if that happens or not.

kyfdx

zoombie99 said:

FYI - BMW is raising its aquisition fee from $795 (with the dealer allowed to mark it up $200 to $995) to $925 as of August 1, 2015. I don't believe that the dealers are going to be allowed to mark it up after August 1st.

Pretty sure the acquisition fee was raised as of January 1st. Might be a special case in NY. Elsewhere, they still allow the full $200 markup to $995

zoombie99

It is my understanding that once they go to $925.00, dealers will no longer be able to mark it up.

kyfdx

zoombie99 said:

It is my understanding that once they go to $925.00, dealers will no longer be able to mark it up.

Ahh... sorry, I mis-read your post..

Well... that sucks.. not that 80% of the dealers weren't already attempting to mark it up to $995, anyway.

hiddendragon

I plan to lease a 528xi with PP. Using Edmunds True Market value it gave the price actually *much* lower than invoice. Why is that? What's the factor here and do I still need negociate?

zoombie99

Have you gone to a dealer for a quote yet? You can get a car under invoice since there is a $1,500 build out credis and it's the end of the model year. Don't you want a rear view camera or park distance control?

hiddendragon

I have not yet. But take a look on above sheet, the TMV is lower than the invoice even before the 1500 credit applied! so is there any other hidden credit we don't know yet? moderator?

kyfdx

hiddendragon said:

I have not yet. But take a look on above sheet, the TMV is lower than the invoice even before the 1500 credit applied! so is there any other hidden credit we don't know yet? moderator?

Pretty sure that the TMV is with the incentive already included.. (but, I haven't checked it, and am not a party to their data and algorithms).

pcmichael

Heading to the dealer in the morning, what's the current MF and RV on a 2015 550 36/15? Any promotions going on? Also, just a shot in the dark, but any possibility of getting the same for 2015 M3, 2015 740 (i and Li)? I'm looking to stay under $900/m, no money down and I'd also be doing pull ahead on current 2013 335... any advice on which of the above may be the better deal?

kyfdx

pcmichael said:

Heading to the dealer in the morning, what's the current MF and RV on a 2015 550 36/15? Any promotions going on? Also, just a shot in the dark, but any possibility of getting the same for 2015 M3, 2015 740 (i and Li)? I'm looking to stay under $900/m, no money down and I'd also be doing pull ahead on current 2013 335... any advice on which of the above may be the better deal?

.00130 MF and 61% residual. $1500 buildout cash.

M3: 62% residual. $1000 buildout cash
740: 53% residual. $4000 buildout cash

Probably the best deal on the 550, as I doubt they are giving much of a discount on the M3.

pcmichael

Thanks guys. How about on a 2015 535i 15/30 or 15/36? MF and RV. Same program?

Also, how do I work the build out cash into the equation? Is it considered a cap cost reduction?

Michaell

pcmichael said:

Thanks guys. How about on a 2015 535i 15/30 or 15/36? MF and RV. Same program?

Also, how do I work the build out cash into the equation? Is it considered a cap cost reduction?

All gas 5-series have the same numbers this month.

Buildout cash can be used to reduce the cap cost or to help offset some of the up front costs of signing your lease (bank fee, dealer fee, etc.).

zoombie99

pcmichael said:

Thanks guys. How about on a 2015 535i 15/30 or 15/36? MF and RV. Same program?

Also, how do I work the build out cash into the equation? Is it considered a cap cost reduction?

You may want to wait until tomorrow if you plan to lease. BMW may give the dealers additional incentives on certain models whereby the dealer "buys" the car for a discounted rate. The dealers refer to it as "punching" a car. Most buyers are unaware of this process. Some cars may already be "punched" from a prior months. The warranty runs from the punch date but it typically doesn't impact a lease since the leases are up before the warranty expires.

Based on the limited info I have, BMW last asked dealers to punch the 5 series at the end on May. I am keeping my fingers crossed for tomorrow!

pg822

Hello. Can you give me the MF and Residual for a 2015 535i x drive? Looking at 3 years and 4 years, both with 15K miles. Thanks!

zoombie99

3 years is .61% and .00130 @ 15k

Michaell

zoombie99 said:

3 years is 61% and .00130 @ 15k

There, fixed it for you. No decimal points for percentages.

BMW does not offer competitive 48 month lease terms - the residuals are lousy.

baltazaar

zoombie99 said:

pcmichael said:

Thanks guys. How about on a 2015 535i 15/30 or 15/36? MF and RV. Same program?

Also, how do I work the build out cash into the equation? Is it considered a cap cost reduction?

You may want to wait until tomorrow if you plan to lease. BMW may give the dealers additional incentives on certain models whereby the dealer "buys" the car for a discounted rate. The dealers refer to it as "punching" a car. Most buyers are unaware of this process. Some cars may already be "punched" from a prior months. The warranty runs from the punch date but it typically doesn't impact a lease since the leases are up before the warranty expires.

Based on the limited info I have, BMW last asked dealers to punch the 5 series at the end on May. I am keeping my fingers crossed for tomorrow!

Would you please explain ? What dies it have to do with tomorrow?

zoombie99

baltazaar said:

zoombie99 said:

pcmichael said:

Thanks guys. How about on a 2015 535i 15/30 or 15/36? MF and RV. Same program?

Also, how do I work the build out cash into the equation? Is it considered a cap cost reduction?

You may want to wait until tomorrow if you plan to lease. BMW may give the dealers additional incentives on certain models whereby the dealer "buys" the car for a discounted rate. The dealers refer to it as "punching" a car. Most buyers are unaware of this process. Some cars may already be "punched" from a prior months. The warranty runs from the punch date but it typically doesn't impact a lease since the leases are up before the warranty expires.

Based on the limited info I have, BMW last asked dealers to punch the 5 series at the end on May. I am keeping my fingers crossed for tomorrow!

Would you please explain ? What dies it have to do with tomorrow?

My bad. If they do it, they typically do it on the last day of the month.

zoombie99

Just a reminder, check to see if there is a Drive for Team USA Event near you and get a coupon code for $1,000 off.

https://www.bmwusa.com/secured/content/forms/DFTUSA.aspx

or a Ultimate Drive

https://ude.bmwusa.com/


The coupons are not stackable

hiddendragon

It's last day of the month. The 1500 credit expires today. Do you have any suggestions that I rush to dealer or tomorrow there will be another set of incentive? Dealer told me that the 2016 will roll out next month, assuming that the build out credit no longer applies? Any suggestions? Thanks.

pcmichael

So guys here is what I'm being offered..
2015 535 Msport, MSRP $67,240, 36mo, 15k/yr
Monthly: $820 tax in, $2000 inceptions, nothing else due. 

I don't have the complete breakdown, but based on these numbers what are your opinions?

Michaell

pcmichael said:

So guys here is what I'm being offered..
2015 535 Msport, MSRP $67,240, 36mo, 15k/yr
Monthly: $820 tax in, $2000 inceptions, nothing else due. 

I don't have the complete breakdown, but based on these numbers what are your opinions?

Need the selling price or net cap cost and the break down of the $2000 to help...

pcmichael

I don't have the net cap cost and the breakdown of the $2000 is first month, bank, and registration. So I guess what I'm asking is with that taken into account is this a sane deal if you were to work the deal knowing what we know the MF and RV to be as posted above. 

Michaell said:

So guys here is what I'm being offered..
2015 535 Msport, MSRP $67,240, 36mo, 15k/yr
Monthly: $820 tax in, $2000 inceptions, nothing else due. 

I don't have the complete breakdown, but based on these numbers what are your opinions?

Need the selling price or net cap cost and the break down of the $2000 to help...

addictcar

pcmichael said:

So guys here is what I'm being offered..
2015 535 Msport, MSRP $67,240, 36mo, 15k/yr
Monthly: $820 tax in, $2000 inceptions, nothing else due. 

I don't have the complete breakdown, but based on these numbers what are your opinions?

You could get this car @ $720/month w/$2,000 drive-off...

Michaell

pcmichael said:

I don't have the net cap cost and the breakdown of the $2000 is first month, bank, and registration. So I guess what I'm asking is with that taken into account is this a sane deal if you were to work the deal knowing what we know the MF and RV to be as posted above. 

Michaell said:

pcmichael said:

So guys here is what I'm being offered..
2015 535 Msport, MSRP $67,240, 36mo, 15k/yr
Monthly: $820 tax in, $2000 inceptions, nothing else due. 

I don't have the complete breakdown, but based on these numbers what are your opinions?

Need the selling price or net cap cost and the break down of the $2000 to help...

Can't really tell you given that we don't know if you're paying sticker price for the car or what kind of discount you've negotiated.

Michaell

addictcar said:

pcmichael said:

So guys here is what I'm being offered..
2015 535 Msport, MSRP $67,240, 36mo, 15k/yr
Monthly: $820 tax in, $2000 inceptions, nothing else due. 

I don't have the complete breakdown, but based on these numbers what are your opinions?

You could get this car @ $720/month w/$2,000 drive-off...

How do you figure?

zoombie99

Well, I finally picked it up today!

Mediterranean Blue 535 x (it's a new color)

Base $57,900.00
Med, Blue 550.00
Cold Weather 950.00
Drives [non-permissible content removed] Pack 1,800.00
Drivers [non-permissible content removed] Plus 1,900.00
Prem Package 1,500.00
Harman Kardon 875.00
Dest 995.00

MSRP 66,470.00
Price agreed to 58,975.00
Drive Credit -1,000.00
Total $57,975.00*

*(I am a BMWCCA member and I will get a rebate for an additional $1,000 directly from BMW)

Additional Fees:
Acq Fee $795.00
Tire Tax 6.00
NJ Luxury Tax 227.19
DMV 299.50
Doc Fee 379.00

7 MSDS @ $600 each = $4,200.00 (effective money factor 0.00081)
First Month Payment 597.89
Inception Fees paid at 1,714.68
Total Due at Delivery 6,594.75 (includes $4,200.00 MSDs which I get back)

Got it today at BMW of Flemington (NJ). Excellent experience with dealer, not pushy and aggressive pricing.They have the another Med Blue but its an M with some additional features which I did not want. They even threw in a set of all weather mats because I liked their Facebook page!

zoombie99

Ha ha - Edmunds didn't like my abbreviation for Driver's Assistance & Driver's Assitance Plus.

zoombie99

I

hiddendragon said:

It's last day of the month. The 1500 credit expires today. Do you have any suggestions that I rush to dealer or tomorrow there will be another set of incentive? Dealer told me that the 2016 will roll out next month, assuming that the build out credit no longer applies? Any suggestions? Thanks.

The acquisition fee goes up to $925.00 tomorrow.

addictcar

Michaell said:

pcmichael said:

So guys here is what I'm being offered..
2015 535 Msport, MSRP $67,240, 36mo, 15k/yr
Monthly: $820 tax in, $2000 inceptions, nothing else due. 

I don't have the complete breakdown, but based on these numbers what are your opinions?

You could get this car @ $720/month w/$2,000 drive-off...

How do you figure?

I got a lease quote w/$2K Drive-Off for $680 a month 12,000 miles/year for 36 months for a 535i MSRP $68K, giving this car is cheaper than my car by $1K, but wanting 15,000 miles/year, $40 more a month makes sense.

zoombie99

Why don't you sue MSDs?

pcmichael

Very nice zoombie99. 

I was able to get down to $769/m (tax in, no money down), just paying first, bank, tag. 36mo/15k, MSRP of the car is $67,270. I'll report back tomorrow if the dealer was able to successfully trade for the car; there's a possibility I might have to find another car. 

pcmichael

Where can you get a 535 with an MSRP of 67,270 for $720/m tax in with no down payment and just paying first month, bank fee, and registration?

addictcar said:

pcmichael said:

So guys here is what I'm being offered..
2015 535 Msport, MSRP $67,240, 36mo, 15k/yr
Monthly: $820 tax in, $2000 inceptions, nothing else due. 

I don't have the complete breakdown, but based on these numbers what are your opinions?

You could get this car @ $720/month w/$2,000 drive-off...

pcmichael

Where?

addictcar said:

Michaell said:

addictcar said:

pcmichael said:

So guys here is what I'm being offered..
2015 535 Msport, MSRP $67,240, 36mo, 15k/yr
Monthly: $820 tax in, $2000 inceptions, nothing else due. 

I don't have the complete breakdown, but based on these numbers what are your opinions?

You could get this car @ $720/month w/$2,000 drive-off...

How do you figure?

I got a lease quote w/$2K Drive-Off for $680 a month 12,000 miles/year for 36 months for a 535i MSRP $68K, giving this car is cheaper than my car by $1K, but wanting 15,000 miles/year, $40 more a month makes sense.

kyfdx

zoombie99 said:

Ha ha - Edmunds didn't like my abbreviation for Driver's Assistance & Driver's Assitance Plus.

Congrats! That's a beautiful color.

zoombie99

Thanks!

zoombie99

Michaell said:

zoombie99 said:

FYI - BMW is raising its aquisition fee from $795 (with the dealer allowed to mark it up $200 to $995) to $925 as of August 1, 2015. I don't believe that the dealers are going to be allowed to mark it up after August 1st.

Have to keep an eye out on the numbers we get next month to see if that happens or not.

Michaell said:

zoombie99 said:

FYI - BMW is raising its aquisition fee from $795 (with the dealer allowed to mark it up $200 to $995) to $925 as of August 1, 2015. I don't believe that the dealers are going to be allowed to mark it up after August 1st.

Have to keep an eye out on the numbers we get next month to see if that happens or not.

As I said, it is $925 as of today as per the BMW USA web site.

Just look at the lease offer for the 535x:


"...$4,404.00 cash due at signing is based on $3,000.00 down payment, $479.00 first month payment, $925.00 acquisition fee, and $.00 security deposit (not all customers will qualify for security deposit waiver)..."

zoombie99

Correction, that was the offer for the 528 but the acquisition increase is across the board to $925.00.

mad5577

Anyone has the numbers for August? Thx

hiddendragon

moderator, could you help find out what's August MF RV and incentive for 528 xdrive? BMWNA website post same leasing offer till the end of august so my guess is the 1500 credit still there?

If I choose to deliver one will that credit still apply?

hiddendragon

I've scheduled an appointment for team usa drive tomorrow. I think I will negotiate a deal onsite. Can moderator help to find the MF, RV for August? I am leasing 528 xDrive with 36 month 12K annual. Thanks.

Kirstie_H

A reporter is looking to talk with a Millennial (age 18-34) who leased a luxury car within the last year. If you're able to help, please send your details to pr@edmunds.com by no later than August 4, 2015.

kyfdx

hiddendragon said:

moderator, could you help find out what's August MF RV and incentive for 528 xdrive? BMWNA website post same leasing offer till the end of august so my guess is the 1500 credit still there?

If I choose to deliver one will that credit still apply?

.00130 MF and 63% residual for 36mo, 12K/yr. $1500 buildout cash

hiddendragon

kyfdx said:

hiddendragon said:

moderator, could you help find out what's August MF RV and incentive for 528 xdrive? BMWNA website post same leasing offer till the end of august so my guess is the 1500 credit still there?

If I choose to deliver one will that credit still apply?

.00130 MF and 63% residual for 36mo, 12K/yr. $1500 buildout cash

Thank you. Heading to a dealer today.

pcmichael

I responded.

Kirstie_H said:

A reporter is looking to talk with a Millennial (age 18-34) who leased a luxury car within the last year. If you're able to help, please send your details to pr@edmunds.com by no later than August 4, 2015.

omarz

Greetings, Can someone please confirm the numbers for this 36 month/10k/2015 535xi lease is correct: 1.30MF; max 7 MSDs for a total 0.49 MF reduction; $1,500 BMWFS build-out cash; $1,000 team USA credit. Are there other incentives out there for 2015 535xi leasing?

omarz

Shar

zoombie99 said:

Well, I finally picked it up today!

Mediterranean Blue 535 x (it's a new color)

Base $57,900.00
Med, Blue 550.00
Cold Weather 950.00
Drives [non-permissible content removed] Pack 1,800.00
Drivers [non-permissible content removed] Plus 1,900.00
Prem Package 1,500.00
Harman Kardon 875.00
Dest 995.00

MSRP 66,470.00
Price agreed to 58,975.00
Drive Credit -1,000.00
Total $57,975.00*

*(I am a BMWCCA member and I will get a rebate for an additional $1,000 directly from BMW)

Additional Fees:
Acq Fee $795.00
Tire Tax 6.00
NJ Luxury Tax 227.19
DMV 299.50
Doc Fee 379.00

7 MSDS @ $600 each = $4,200.00 (effective money factor 0.00081)
First Month Payment 597.89
Inception Fees paid at 1,714.68
Total Due at Delivery 6,594.75 (includes $4,200.00 MSDs which I get back)

Got it today at BMW of Flemington (NJ). Excellent experience with dealer, not pushy and aggressive pricing.They have the another Med Blue but its an M with some additional features which I did not want. They even threw in a set of all weather mats because I liked their Facebook page!

Sharp color! Are you leasing 10k/year? What was your RV? I'm looking for current MF and RV for 2015 535x at 36m/10k.