2013 and earlier - BMW 5 Series Prices Paid and Buying Experience
Ordered 2003 530 auto with premium/xenon/lumbar/heated wheel for 1500.00 below MSRP. This is a lease..don't know what monthly payments are going to be. Is this a good deal? Residual value will be 63%.
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So the final amount that I have to pay is US$25,200+15% taxes. Remarks: Excellent conditions
My recommendation would be to find out the lease rate by going to Edmunds Finance web page. Based on your term & mileage they will be able to provide you with rate information.
Aside from going with Euro Delivery, the $$$ discount can vary from each region. My dealership is now being more aggressive with 5-series sales.
Chris
Based solely on the monthly payments, it does sound high for a used model. But it may be reasonable...give us more info.
Also, any ideas on keeping the brake dust from getting all over the outside front wheels?
I agree the sport package seats are firm, but I find them wonderfully supportive and well-contoured. In fact, I think the firmness is a good thing, but obviously it's a subjective call. I haven't heard of any "seat softeners," but you might look into those sheep covers. I think they look ridiculous, but they'd probably help take the edge off. You may just want to give the seats some time; you might warm up to them, and the leather and cushions will soften up a bit gradually.
As for the brake dust, the only ways to eliminate (or greatly reduce) it are to switch to low-dust brake pads, or to install those brake dust shields. Problem with the first is that those who've gone with after-market low-dust pads usually complain of greater squealing, brake fade, and other functional detriments. And brake dust shields are potentially even worse, since they rob the rotors and calipers from effective ventilation (especially in stop-and-go traffic) which can greatly increase brake fade and increase braking distances. Not to mention your wheels look sillier with those shields than with some brake dust.
Basically, you have to "deal with it," as we all do. Invest in a good wheel brush and P21S Wheel Cleaner, and spend 15-20 minutes on them every other week. It's far better than the alternatives.
thanks
As for their "deal," it's pathetic. Window tint costs $150-200. The BMW clear bra sells for about the same amount. And the 1.9% financing is a BMW Financial Services promotion, not something the dealer's generously giving away. So, by paying him more than four grand over invoice, he'll give you a $400 break. Outrageous.
1) how much more would a similarly equipped 530i run?
2) What is your buy-back at lease end? did you negotiate this?
3) Does this include tax? what is your tax rate?
Thanks
AWD2003-looks like a good deal- was your inceptions $1168 + the $4500? How can the $498-$549 includes multiple sec dep?
Anyways, great job guys.. I will talk to the dealer tomorrow.
Think I'm going to go with the purchase and european delivery. I believe that many have reported getting a new bimmer for 1000-1500 over wholesale prices (listed on eurobuyers.com).. I just need to find a dealer in the NY/NJ area that will accomodate it as others have obtained. Have you guys seen any flexibility with interest rates for 60 months? Someone reported 1.9% but I'm not sure the tenure of his payments.. Any programs by BMW of NA this month?
Good Luck,
Spyderred
And, I paid $26,000. Just flew down to Orlando and drove it back to Ohio. It is the best car I've ever owned. My only previous German car was an 87 Porsche 944 tiurbo. Since then I have owned all Japanese cars, Nissan 300Z was favorite. This 525i beats them all. Now, If I can just keep my wife from driving it all damn day.
Spyderred,
From what I've read (I've never leased a car), it's usually the sticker and residual prices of a car that are negotiable, not the MF (since that's set by the bank or lease company). But perhaps that's possible as well.
Base price for a 525 is $32,950.00
Base price for a 530 36,050.00
There is no price difference on the Optional Equipment.
This seems to be the best price available!
So the final amount that I have to pay is US$25,500+15% taxes. Remarks: Excellent conditions
The only thing is the extended warranty for $1800 is a bit steep. I hope that the extended warranty is backed by BMW (i.e. CPO), if it is, see if you can knock the dealer down a bit. Their cost to CPO is about $1100. So maybe ~$1500 would be fair.
Good luck and Let us know what you decide.
Spyderred,
I'm try to buy a extended warranty from internet www.1SourceAutoWarranty.com What do you think this company?
If you are planning on buying a contract from them, make sure to buy it before your car reaches 36,000 miles on the odometer. There was a few hundred $ difference between the odometer reading less than 36,000 and more than 36,000 miles. I found out about it by plugging in different scenarios on their website. I was trying to figure out when is the best time/price to buy the extended warranty. Not sure if this is still the case but it was true back in October of 2001.
So far my experience with 1Source has been excellent. I highly recommend them, for now. We will see what the future holds and how they respond to future claims (if claims are necesarry, hopefully not).
Once you drive a BMW, it would be really difficult to drive another car. Everything else suffers by comparison.
In any case, I highly recommend getting an extended warranty contract for these cars. They are awesome to drive but they come with usually higher repair bills.
Good luck and let us know what you decide.
Spyderred,
Anyone have any info how leasing rates look for 530i's in the Chicago area? I would look at the 525i but they are underpowered in my opinion. Love the 540i but probably more than I want to spend once you add in features.
Would consider a 330ix but not has high on the styling compared to the 5 series
I have been made the following offer:
2003 540i with Sport Package and Premium DSP Sound, folding and locking back seats.
Down payment: $2500 Drive-Off
Term: 66 months
Money Factor: 1.95
Lease Payment: $914.15
Tax: 70.85
Total Monthly: $985
Mileage: 12k per year
Any thoughts? I priced this out directly with BMW credit and it was much higher.
Your price = Invoice (including invoice for all options) + Dest. and Handling + Dealer profit
You should be able to make the deal with dealer profit of around $1500 or perhaps a bit less. For a 2003 530i with the options you mentioned (PP, CWP, Xenons, Nav), the invoice price is:
$37,560 (base invoice for US delivery) + 2,095 (PP) + 545 (CWP) + 1,640 (Nav) + 455 (Xenons) = $42,295
Add the $695 for Dest. and Handling and you get $42,990.
Now add, say, $1,500 for dealer profit, and you get $44,490. So, if the $44,430 you mention INCLUDES D&H, that would be a very good price. If not, you should be able to do better.
You also might want to consider European Delivery. Price on ED is also negotiable, up from ED invoice price, though apparently some dealers aren't willing to make deals on ED. ED invoice on 2003 530 is $34,785. For ED you should be able to get about $1200 over invoice, so you can easily save over $3000 doing ED vs. US delivery for a 5-series (you also save on sales tax since the total price is less for ED; I live in California and figure that I saved close to $400 in sales tax by doing ED).
As for manual vs. step, it is a matter of personal choice. I got the stick; I greatly prefer the feeling of involvement in driving with a stick. An auto, even with semi-manual control, just doesn't give me the same pleasure and sense of involvement. I actually feel I am a better driver with a stick because I stay more alert. The clutch and shifter on the 5 are fine. Some people find it a bit difficult to make smooth shifts into 1st or 2nd. I have too on occasion but I'm getting used to it and now find that I can shift as smooth or more smoothly than in my previous car (Acura Legend, which I found very easy to shift). So if you really want a stick, I wouldn't worry about it. If you have to appease wife, that is a different matter altogether ;-)
Good luck!
I agree with the cbgb's comments in the above post; drive both manual and steptronic as much as possible before making your decision. I've also driven a 530ia and was quite pleased with the steptronic transmission. My friend who owns it had always driven a stick before that (including a 528i 5sp), and he says he doesn't miss the stick at all. Still, only you can decide what is right for you.
I can't seem to get more than $2300 off MSRP so far, and that doesn't seem good, considering that a new model is coming out.
I'm in So Calif and don't want to pay more than invoice+$1000.
I also compared between Lexus and BMW, but in my case it was between Lexus LS430 and BMW540i. Lexus is a nice luxury car, superior in its smoothness and quietness, but when it comes to performance and handling it's no match to the Ultimate Driving Machine! I guess it boils down to your personal preference, whether you like a lush ride or a sporty drive!
I hear that the current Lexus GS would be redesigned in 2005, so you want to take this into your consideration.
As for the 2004 BMW 5 series, I'm thinking about it myself. It's a bit too early to make an informed decision about it. You may check the following sites for pics and info:
http://www.bmw545.com
http://www.bmwclub.org.hk/news/0020.htm
http://www.bmwfan-hp.de/e60-02.php
http://gogogogo.netfirms.com/BMW.html
AS for the 2003 BMW530, I guess Summer would be the best time to get a bargain price as the new model approaches the market, but your colors/options choices would be rather limited to what the dealers have in their lots. The best thing to do is to e-mail several dealers, even outside your area, compare prices and then have them compete for your deal!
Good luck!
Tony
2003 BMW 530, Auto, PP, Cold Weather Package, 10/k/yr, Silver, Bk Leather(good color combo?) for $544.54/month for 36 month, + upfront$3330.46($550 sec., $525 bank, $1710.92 tax(@8.5%))(Saleslady told me monet factor was .0015, $1800 of MSRP)
No money down on this deal above.
(Which is better: to pay money down or not, if I have $2-4k to put down?)
I would like Xenon and 12k in deal(how much more per/month should it be?)
Anyone with similar lease deals on 530 lately in NYC area? If so, would appreciate input and referral to your dealer and salesman if it was good deal! Tks.
What do you think of this? Tks.
p.s. By the way, It's 6 am Sunday 3/9, I can't sleep thinking about this. My 1st BMW!
Hey guys! I was offered the following by BMW dealer in New York City(Queens) area:
2003 BMW 530, Auto, PP, Cold Weather Package, 10/k/yr, Silver, Bk Leather(good color combo?) for $544.54/month for 36 month, + upfront$3330.46($550 sec., $525 bank, $1710.92 tax(@8.5%))(Saleslady told me monet factor was .0015, $1800 of MSRP)
No money down on this deal above.
(Which is better: to pay money down or not, if I have $2-4k to put down?)
I would like Xenon and 12k in deal(how much more per/month should it be?)
Anyone with similar lease deals on 530 lately in NYC area? If so, would appreciate input and referral to your dealer and salesman if it was good deal! Tks.
What do you think of this? Tks.
p.s. By the way, It's 6 am Sunday 3/9, I can't sleep thinking about this. My 1st BMW!
This includes 1st month. We don't prepay sales tax in CT. My monthly is $499 which includes sales tax. Hope this helps. I got jet black with black leather.
Thanks, BlueOx