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Looking for some input on price for the E60.
I'm at the top of the local dealer's list for the 2004 5-series and they are about to start taking deposits. They are telling me price will be MSRP flat. This is clearly a big number, and clearly higher than the general price talk on this board for all types of 5-series - in particular it sounds like new 530s range from invoice +$1500-2000 these days, which is probably MSRP minus ~$1.5-2k I think.
A new model, being first on the list, etc clearly means I'm going to go to the cleaners on this one. Question for the group is whether MSRP strikes you as crazy/obscene/unjustified or just plain high/silly/self-indulgent (which it clearly is)? Is MSRP normal for new BMW models? (I suppose I should check the 7-board as well, does anyone have data on that?). I know all of this depends on 32 factors which someone will be nice enough to detail for me, but what I'm really interested in is the sanity check from those of you more knowledgeable than I.
For what its worth, I'm probably going to get a 545i auto (yes, heresy I know - wife + commute = auto unfortunately).
Thanks for your input.
2003 525i (Auto)
Sun Shade System(For Arizona)
Rear side airbags
No customs, state sales tax, or other fees.
1) If you're not in a big hurry to get the car, waiting 6 months might save you $2k
2) Waiting will also help you find out what other owners think of the car, and if there's any glitch in the new design
3) Have you considered European Delivery? It may save you $2-3k.
By the way, what's the MSRP on the 545iA?
I hope this helps.
Steptronic,Sport,Cold,Xenon and Premium. Black/Black
If you need more info write back and I'll post my email address
BMW Owners: European Delivery
I'm not well versed with leasing terms, but the numbers sound 'inflated' quite a bit. $297 doc fee is outrageous. CA is one of the most expensive states and we only pay $45 doc fee!
I don't think it's a fair deal!
Calculate Your Own Lease Payment
530i premium, sport, cold weather, auto - something else but the sticker was 48500 he took that down about $1800.
$5500 upfront (tax, 1st, sec, fee and cap cost)
504/month 36 month and 15k yr also the same deal for 18K (546/mo) and 12 K (475K/mo)
Deciding this weekend prompt input appreciated
The car is awesome. I hope this helps.
If I move to 12k miles, payment goes up to $705.
This is in Illinois.
First, is this a good lease deal? Is it special, or are the terms pretty standard for BMW? Also, will I be able to still negotiate the cap cost down off of MSRP?
My current car, a 2000 LS400 is up in three weeks and I am looking forward to a 530.
As for options, these are more subjective but I would look into the sport pkg. I know the woman who have driven my car appreciate the seats that come with the sport pkg and also the handling- I think the wheels look really nice as well.. Steptronic again is on need and preference.. I love the 5 speed even in city driving but if she drives a stick, there is no better combination of driving than a stick and a bmw... trust me, must test it out... Other than that, you seem to have your basis covered... Love the titanium gray but I'm not sure who much longer you can place custom orders.... Keep us posted on what you decide
Unless your wife is into stick-shift driving, I'd recommend the Steptronic.
525i with Premium, Auto, Cold, Xenon MSRP $42,870. Dealer has offered to sell for $41,500. The invoice price is $39,280 and the TMV is $41,300.
Lease terms are money factor of 0.0014, 36 months, 10K per year, 63% residual, requires $2500 down payment (non-refundable), 1st payment and $500 security deposit. Including Indiana sales tax of 6%, the lease payment is $475 per month.
Need to decide soon... I understand some folks(awd2003 and others) have leased 530i for $500. The 530i is a better car and I would rather have that instead. But the dealer wants $600 for that one.
The deal on the 525i seems market and a good starting point.. You should go into some past posts and investigate the multi-security deposit methodology of reducing your money factor and your monthly payments.. Each increment of $500 will reduce your money factor and what awd and some of the other people did was max out their multi-security deposit to $4500 (which is refundable)... put a little money down and you can get $500 on the 530i.. I would look into the multi-deposit and report back what you find...
Thanks very much for your helpful suggestions. I checked with the dealer about multi-security deposit and the answer I got was that's only available in certain states (CA, CT, etc.) as the laws governing auto leasing are state specific (per the dealer).
I did manage to get the dealer to lower the negotiated price and the money factor. However, I have to pick a car from his lot/inventory, i.e. not the color that I wanted (Titanium Gray).
Have to decide by this weekend. I created a spreadsheet to crunch numbers and to negotiate with the dealer. If anyone wants to have the excel spreadsheet, send me an email at yahoo using my userid, and I'll send it to you.
This forum has been very helpful. Thanks.
PS: Lease terms are MSRP 43,345. Negotiated Price 41,370. Residual 27307 (63%). Acquisition Fee 595. Documentation 107. Term 36 months. 10K per year. Money factor 0.00124. Tax 6%. Downpayment 0 results in a monthly payment of $526 including tax. Downpayment of 2500 results in a monthly payment of $449.
I would not put a downpayment on a lease. My point is arguable, but I am very certain that you loose the downpayment entirely if your car is totaled or stolen. That's actually a very good question to ask your dealer.
Money Factor (MF) --- BMW of North America's buy MF is 0.0010, I've confirmed that with 2 different delaerships. Any dealer can tackle up to 0.0004 to it for profit, but you should still press for the buy MF.
I am negotiating for a 525iT (wagon) and was able to get the price down to $1000 over invoice. You might want to lower your price even more, see if they budge.
Lastly, all dealerships are really trying to move the fivers now to make room for the new model. I had an offer of $595 over invoice from one dealer, too bad that vehicle only had premium package on it. Or maybe that's why.
In any case, I think you can squeeze more out of your deal. Good luck.
Just finished reading all the posts but nobody has ever given a good definition of the multi deposit, just mention it alot. Is it really refundable at the end of the lease, i.e. "Here's a check back for the deposit you gave us" or is there some catch. If the car is totalled/stolen is the deposit lost? Thanks for the help.
Looking in Northern California (Bay area & Silicon Valley). Any ideas on best terms being offered; seems like people can get Edmunds TMV price on purchase price, but have to negotiate all finance variables.
MSRP of 39,570; TMV 38,300, Invoice 36,570.
Money rate - - ??? assume prime credit. (Have read 0.0010 as BMW's best, but don't know how true and look too low - - 2.4% APR.)
Residual value & Term - - have seen 61% posted by people for 36 mos.; I'm looking at 36-39 months.
Mileage: 10,000 miles per year is OK.
Monthly Payment: would like to keep it at a little over $400, and taxed not to exceed $450.
Thus, what kind of cap reduction cost???, and what kind of initial payment plan. Have seen "multi-security" but don't know what it is.
Also, what is my obligation if car is "totaled" or stolen - - do I owe remaining lease obligation even though insurance company pays "book value?" which may be different than remaining lease obligation?
Lot's of questions, but appreciate comments
Deal A: Premium package, AT, CWP and Xenons for $44,300.
Deal B: Premium package, AT, CWP, Xenons and heated steering wheels for $44,500 (and will accept trade in).
This is an outright purchase. Any suggestions would be helpful and thanks in advance.
When I walked in the showroom, they had a sign posted with a payment of $705. Deal was 61% residual and a MF of .0017. Zero money down, no security, no money down, except 1st months payment and doc fees.
Was told a week later that the lease terms had improved and payment was $650. I calculated that the MF had dropped to .0010, but when I quizzed the salesman about a better deal off of MSRP, he said that he was already discounting $2000 (which is about a 4.8% markup on invoice), and that the MF was .00125. This jived to get the $650 payment. Residual was still 61%. (The MF later changed to .0014 since that was the no security deposit MF. .00125 required one month's payment)
I have been having a few second thoughts all my gadgets in my LS400 and began to also look at the GS430 and the 2.7T. But Lexus couldn't come close to BMW's lease terms. Best he could offer was a MF of .00251 and 58% residual with a higher acquisition fee.
I am still waiting to hear from Audi, but I assume it will be the same, which will put the payments higher than I want to pay.
So based on info on this site, I will push the BMW dealership for a .0010 MF (since they have a car on their lot without xenon vs. getting something from another dealership) and see what he does. I'm thinking about telling him about my thoughts on a 2.7T and see if that moves him any as well.
I will let you know how it turns out.
Thanks in advance for your tips.
I wrote up a "purchase offer", and included the names and FAX numbers of salesmen at 6 other dealerships. I chewed up a lot of this guy's time cross-shopping with an E500, so I told him he had right of first refusal. It worked.
I also dictated my lease terms: 36 months with 15,000 miles, a 59% residual and a 0.0012 money rate, for a monthly payment of $752 (including sales tax). Could have squeezed another $4,000 off the purchase price with Euro delivery, but figured the $55/month savings in the lease wasn't worth it (given the fact you're making lease payments for the 8 weeks the car is in transit).
I am trying to negotiate a good price on the satellite radio but can't find any info on the invoice cost to the dealer. Does anyone know?
2000 528 jet black wagon w/manual, 24K, CPO, sport package, leather, xenons, and 6 disc changer.
The car is a lease return and appears to be in excellent condition. I was thinking of offering $22.5K + tax/license. This is lower than Edmunds would suggest, however, with a model redesign forthcoming, I am thinking this price is reasonable. Please advise. Thanks.
-Original lease term / number of months left
-Mileage allowance per year / current ODO
-Lease ending date / lease end buyout
-Excess mileage charge
-Car (options included)
-Exterior / interior colors, condition
-Transmission type, VIN #
-Has the car been smoked in?
-Is the car garage kept?
-Does the payment include sales tax?
-Has all scheduled maintenance been performed?
-Has the car been involved in an accident?
-Has the vehicle undergone major repairs?
-Is this a closed end Lease?
You can E-mail me ([email protected]) whenever you're ready, and we can take it from there. BTW, photos would be greatly appreciated.
All My Best,
If you have the time to look I would highly recommend being patient. I was quoted thousands higher for a 528i with higher mileage from about 3 different places and they said " this is the best deal you will find". I laugh now.
Maybe I got a little lucky but the deals are out there, you just have to be persistent.
I am thinking about waiting a few more months for a 2004 model. Have anyone heard about the new price yet? The new one has so many options bundled with the 530 model. There could be an effective cost reduction. At least I wish.