2018 BMW 5-series Lease Deals and Prices

bmw_leaser2010

Michaell said:

bmw_leaser2010 said:

Hi all,

I was speaking with a local dealership yesterday regarding a lease for a 2018 530e and was wondering you guys think this is a good deal on my end.

2018 BMW 530e in Southern California
MSRP - $59,000
Holiday Rebate - $3,000
Recent Grad Rebate - $1500

36months/12k miles a year 60% residual

Drive off - $4600
Monthly payment - $510 plus tax

Any comments/advice would be appreciated!
Thank you

What discount from sticker, before applying the incentives?

What does the drive off consist of? Too much up front cash for a lease, IMO

The salesperson told me that they were applying a total of $8,000 in incentives to the MSRP but would not disclose any other information besides that. I am assuming that no discounts from sticker price were applied.

Drive off would be the Down-payment plus first month's payment, plus tax and licensing.

I am doing a pull ahead deal and the price seemed a bit higher than what others have been paying on this forum so I appreciate your response!

Michaell

bmw_leaser2010 said:

Michaell said:

bmw_leaser2010 said:

Hi all,

I was speaking with a local dealership yesterday regarding a lease for a 2018 530e and was wondering you guys think this is a good deal on my end.

2018 BMW 530e in Southern California
MSRP - $59,000
Holiday Rebate - $3,000
Recent Grad Rebate - $1500

36months/12k miles a year 60% residual

Drive off - $4600
Monthly payment - $510 plus tax

Any comments/advice would be appreciated!
Thank you

What discount from sticker, before applying the incentives?

What does the drive off consist of? Too much up front cash for a lease, IMO

The salesperson told me that they were applying a total of $8,000 in incentives to the MSRP but would not disclose any other information besides that. I am assuming that no discounts from sticker price were applied.

Drive off would be the Down-payment plus first month's payment, plus tax and licensing.

I am doing a pull ahead deal and the price seemed a bit higher than what others have been paying on this forum so I appreciate your response!

You want to target 7% off MSRP, before applying the incentives.

As I previously stated, you want to limit the up front cash to just the first payment and any DMV or registration costs.

If the dealer is hiding the numbers, you may want to find another dealer that is more forthcoming.

bmw_leaser2010

Michaell said:

bmw_leaser2010 said:

Michaell said:

bmw_leaser2010 said:

Hi all,

I was speaking with a local dealership yesterday regarding a lease for a 2018 530e and was wondering you guys think this is a good deal on my end.

2018 BMW 530e in Southern California
MSRP - $59,000
Holiday Rebate - $3,000
Recent Grad Rebate - $1500

36months/12k miles a year 60% residual

Drive off - $4600
Monthly payment - $510 plus tax

Any comments/advice would be appreciated!
Thank you

What discount from sticker, before applying the incentives?

What does the drive off consist of? Too much up front cash for a lease, IMO

The salesperson told me that they were applying a total of $8,000 in incentives to the MSRP but would not disclose any other information besides that. I am assuming that no discounts from sticker price were applied.

Drive off would be the Down-payment plus first month's payment, plus tax and licensing.

I am doing a pull ahead deal and the price seemed a bit higher than what others have been paying on this forum so I appreciate your response!

You want to target 7% off MSRP, before applying the incentives.

As I previously stated, you want to limit the up front cash to just the first payment and any DMV or registration costs.

If the dealer is hiding the numbers, you may want to find another dealer that is more forthcoming.

Thank you for your advice Michaell, I contacted a few other dealers and they all said to avoid the one I was just at as well. I will definitely look into other offers. Cheers

Michaell

bmw_leaser2010 said:

Michaell said:

bmw_leaser2010 said:

Michaell said:

bmw_leaser2010 said:

Hi all,

I was speaking with a local dealership yesterday regarding a lease for a 2018 530e and was wondering you guys think this is a good deal on my end.

2018 BMW 530e in Southern California
MSRP - $59,000
Holiday Rebate - $3,000
Recent Grad Rebate - $1500

36months/12k miles a year 60% residual

Drive off - $4600
Monthly payment - $510 plus tax

Any comments/advice would be appreciated!
Thank you

What discount from sticker, before applying the incentives?

What does the drive off consist of? Too much up front cash for a lease, IMO

The salesperson told me that they were applying a total of $8,000 in incentives to the MSRP but would not disclose any other information besides that. I am assuming that no discounts from sticker price were applied.

Drive off would be the Down-payment plus first month's payment, plus tax and licensing.

I am doing a pull ahead deal and the price seemed a bit higher than what others have been paying on this forum so I appreciate your response!

You want to target 7% off MSRP, before applying the incentives.

As I previously stated, you want to limit the up front cash to just the first payment and any DMV or registration costs.

If the dealer is hiding the numbers, you may want to find another dealer that is more forthcoming.

Thank you for your advice Michaell, I contacted a few other dealers and they all said to avoid the one I was just at as well. I will definitely look into other offers. Cheers

Well, of course other dealers will tell you they are the only ones you should be dealing with.

Stay open minded.

davidcw

I’m planning to lease a new 540i and sell my current BMW, which I own, to the same dealer. If I sell it to the dealer at $30k – which has already been quoted by a BMW dealer – and they can retail it for around $36k per KBB, is it reasonable to assume I can claim $4-5k as cap cost reduction since they’ll be making such a good profit on it? If not, how can I work that into a lease deal?

kyfdx

davidcw said:

I’m planning to lease a new 540i and sell my current BMW, which I own, to the same dealer. If I sell it to the dealer at $30k – which has already been quoted by a BMW dealer – and they can retail it for around $36k per KBB, is it reasonable to assume I can claim $4-5k as cap cost reduction since they’ll be making such a good profit on it? If not, how can I work that into a lease deal?

Businesses buy at wholesale, and sell at retail. That's how they make money. They aren't selling your old car on consignment. If they give you $30K for it, that's it. You get $30K. You don't get to participate in any profit they make re-selling your old car.

davidcw

kyfdx said:

davidcw said:

I’m planning to lease a new 540i and sell my current BMW, which I own, to the same dealer. If I sell it to the dealer at $30k – which has already been quoted by a BMW dealer – and they can retail it for around $36k per KBB, is it reasonable to assume I can claim $4-5k as cap cost reduction since they’ll be making such a good profit on it? If not, how can I work that into a lease deal?

Businesses buy at wholesale, and sell at retail. That's how they make money. They aren't selling your old car on consignment. If they give you $30K for it, that's it. You get $30K. You don't get to participate in any profit they make re-selling your old car.

That makes good sense but surely there's a way to use that as leverage for a bigger cap cost break on a new lease? The last dealer I talked to brought out a piece of paper showing how they were supposedly losing money on the deal (which I don't believe). I'd like to be able to turn that statement around on them and point out that they will indeed make more money this way.

jwilk9919

Can you provide the MF/RP for 2018 530i for Florida, and current incentives? 36 m, 10k

Michaell

davidcw said:

kyfdx said:

davidcw said:

I’m planning to lease a new 540i and sell my current BMW, which I own, to the same dealer. If I sell it to the dealer at $30k – which has already been quoted by a BMW dealer – and they can retail it for around $36k per KBB, is it reasonable to assume I can claim $4-5k as cap cost reduction since they’ll be making such a good profit on it? If not, how can I work that into a lease deal?

Businesses buy at wholesale, and sell at retail. That's how they make money. They aren't selling your old car on consignment. If they give you $30K for it, that's it. You get $30K. You don't get to participate in any profit they make re-selling your old car.

That makes good sense but surely there's a way to use that as leverage for a bigger cap cost break on a new lease? The last dealer I talked to brought out a piece of paper showing how they were supposedly losing money on the deal (which I don't believe). I'd like to be able to turn that statement around on them and point out that they will indeed make more money this way.

The transactions are separate - you are under no obligation to sell your car to the dealer. You may be able to sell it privately for more than the $30K the dealer offered.

And, trust us, dealers never agree to a transaction where they are losing money. There is some gain for them, somewhere - hidden money, or volume bonuses, from BMW likely.

Note the use of the word "supposedly" in your statement - you don't really know if the dealer is making money or not. Lots of different tactics can be used to get you to sign on the dotted line.

Negotiate your best price - we recommend 7% off sticker, before applying incentives

bobbie36

Hello

Please share your thoughts on the following offer that I received on 540i:

Msrp 63100
12k/yr
36 mo
800 cash due at signing
635 plus tax
Tax in ca is 9.5%

Thanks

Michaell

bobbie36 said:

Hello

Please share your thoughts on the following offer that I received on 540i:

Msrp 63100
12k/yr
36 mo
800 cash due at signing
635 plus tax
Tax in ca is 9.5%

Thanks

What is the adjusted cap cost?

.00152 and 60%
$2000 lease credit

bobbie36

adjusted cap cost is around 55,700.

Does this sound like a good deal?

nycinoc

Hiya people, My 428 lease is up in March 2018 so I'm trying to make a deal here.

2018 530i MSRP $59,870 : the payment would be $605 with tax sales price $54,215.. The money factor is .00152 and the residual values are 61% on all of the cars for a 36 mo term with 10k miles per year with just drive off fees only so $0 down.

Is this is a good deal?

ALSO- I have access to a BMW/MINI Corporate Incentive discount of up to $7,500 that I can apply here, I'm wondering if I'd be better off then with 540 as opposed to a 530

kyfdx

bobbie36 said:

adjusted cap cost is around 55,700.

Does this sound like a good deal?

Yes, that's a great deal.

robprivi

Hi
Do you have figures for the 530E 36/10 and 12K for Atlanta? Thanks,

kyfdx

robprivi said:

Hi
Do you have figures for the 530E 36/10 and 12K for Atlanta? Thanks,

.00152 MF and 61%/60% residual
$3000 lease credit.

jkid002

Hi, may I please have the numbers for a 530i x drive in NY? 36/10 lease. Trying to see what is leasing better this month b/t this and A6

kyfdx

jkid002 said:

Hi, may I please have the numbers for a 530i x drive in NY? 36/10 lease. Trying to see what is leasing better this month b/t this and A6

.00152 MF and 61% residual
$2000 lease credit

lynnkt33

Looking for numbers for 540i msport in TX 36/12 lease ?
thank you for the help

lynnkt33

this is what i was offered
MSRP 63995
net sales price 61288 (with tax)
12k/36 months
809 month (dues at signing
thoughts?

kyfdx

lynnkt33 said:

Looking for numbers for 540i msport in TX 36/12 lease ?
thank you for the help

.00152 MF and 60% residual
$2000 lease credit

kyfdx

lynnkt33 said:

this is what i was offered
MSRP 63995
net sales price 61288 (with tax)
12k/36 months
809 month (dues at signing
thoughts?

What state/tax rate?

blue87

Hi,

2018 BMW 540i M Sport
MSRP $70,730
15k/yr
36 Months
CA 10% tax in my city
$5000 down
$705 monthly payment

I purchased the excessive wear and tear which brought the payment up to $760/month.

How does this deal look?

doubleoo6

@blue87
With the down payment of $5,000 divided by 36 = $138.88

Actual payment becomes $760 + $138 = $898

36 x 898 = 32k+
Depreciation should be around 22k depending on sale price

Sounds too rich!!!!! = not the best deal

BMW & Mercedes have priced out many due to charging way too much for the car that's not worth it.

kyfdx

blue87 said:

Hi,

2018 BMW 540i M Sport
MSRP $70,730
15k/yr
36 Months
CA 10% tax in my city
$5000 down
$705 monthly payment

I purchased the excessive wear and tear which brought the payment up to $760/month.

How does this deal look?

How many cars are you buying?

blue87

kyfdx said:

blue87 said:

Hi,

2018 BMW 540i M Sport
MSRP $70,730
15k/yr
36 Months
CA 10% tax in my city
$5000 down
$705 monthly payment

I purchased the excessive wear and tear which brought the payment up to $760/month.

How does this deal look?

How many cars are you buying?

Leased 2. Sounds like I got killed on both deals? Was it a good deal before the extras?

noahabel

Hey all, thanks for the help in advance.

I've been working on getting a deal on a 2108 530e. The payments I'm being offered never match what I'm getting using advanced calculators (https://leasehackr.com/calculator/ or https://www.edmunds.com/calculators/car-lease.html). Here's what I'm being offered:

MSRP - $66,720
Cap Cost - $62,720
Rebates/Incentives:
-$3000 model incentive
-$2000 5-to-5 Incentive
-$1000 PerkSpot/Corporate discount
Net Cap Cost - $56,720
Residual (61%) - $40,700
Total Depreciation - $16,020 + $925 Acq fee = $16,945
(Drive off will include all DMV, Doc, Gov, Misc Fees and Taxes; only rolling in Acquisition)

Monthly Depreciation (36 months) - $470.70
Monthly Rent (0.00152 MF x Net Cap Cost + Residual) - $148.07

Payment Before Tax - $618.77

I'm being told $699 by one dealer, $666 by another. The former is showing the deal sheet, the latter hasn't yet.

What am I missing if they're not hiding a MF or fee hike?

Thanks!

kyfdx

noahabel said:

Hey all, thanks for the help in advance.

I've been working on getting a deal on a 2108 530e. The payments I'm being offered never match what I'm getting using advanced calculators (https://leasehackr.com/calculator/ or https://www.edmunds.com/calculators/car-lease.html). Here's what I'm being offered:

MSRP - $66,720
Cap Cost - $62,720
Rebates/Incentives:
-$3000 model incentive
-$2000 5-to-5 Incentive
-$1000 PerkSpot/Corporate discount
Net Cap Cost - $56,720
Residual (61%) - $40,700
Total Depreciation - $16,020 + $925 Acq fee = $16,945
(Drive off will include all DMV, Doc, Gov, Misc Fees and Taxes; only rolling in Acquisition)

Monthly Depreciation (36 months) - $470.70
Monthly Rent (0.00152 MF x Net Cap Cost + Residual) - $148.07

Payment Before Tax - $618.77

I'm being told $699 by one dealer, $666 by another. The former is showing the deal sheet, the latter hasn't yet.

What am I missing if they're not hiding a MF or fee hike?

Thanks!

Which state is this?
You have to add the $925 acquisition fee to the CAP cost, not just add it to the depreciation. Otherwise, your adjusted CAP is wrong, for when you calculate the rent charge.
You'll have tax on at least $5000 of those incentives.
You say you aren't rolling anything into the lease, but the dealers might be. (like the tax on the incentives)

noahabel

kyfdx said:

noahabel said:

Hey all, thanks for the help in advance.

I've been working on getting a deal on a 2108 530e. The payments I'm being offered never match what I'm getting using advanced calculators (https://leasehackr.com/calculator/ or https://www.edmunds.com/calculators/car-lease.html). Here's what I'm being offered:

MSRP - $66,720
Cap Cost - $62,720
Rebates/Incentives:
-$3000 model incentive
-$2000 5-to-5 Incentive
-$1000 PerkSpot/Corporate discount
Net Cap Cost - $56,720
Residual (61%) - $40,700
Total Depreciation - $16,020 + $925 Acq fee = $16,945
(Drive off will include all DMV, Doc, Gov, Misc Fees and Taxes; only rolling in Acquisition)

Monthly Depreciation (36 months) - $470.70
Monthly Rent (0.00152 MF x Net Cap Cost + Residual) - $148.07

Payment Before Tax - $618.77

I'm being told $699 by one dealer, $666 by another. The former is showing the deal sheet, the latter hasn't yet.

What am I missing if they're not hiding a MF or fee hike?

Thanks!

Which state is this?
You have to add the $925 acquisition fee to the CAP cost, not just add it to the depreciation. Otherwise, your adjusted CAP is wrong, for when you calculate the rent charge.
You'll have tax on at least $5000 of those incentives.
You say you aren't rolling anything into the lease, but the dealers might be. (like the tax on the incentives)

Sorry, this is in CA.

Got it on the Acq fee. That changes the Rent Charge to $149.49.

And I was planning to pay the tax on the incentives up front. Otherwise, aren't I paying tax on tax?

Just talked to the 2nd dealer (the $666 payment + tax) and they admitted their default MF is 0.00192. They're bringing it down for me to net a total payment of $681 WITH tax.

How does that sound? I was really hoping for a payment at 1% of MSRP.

dantastic1

Hey guys - working on a deal for a custom order 2018 540xi. If I order by 1/2/18, I can take advantage of the Dec offers despite delivery in Feb/March (which timing works for me).

Here are the details:

MSRP: $67,910
Total Capital Cost: $61,745 ($64,514 selling + $4~k in additional incentives - dealer is in IL, so can only offer the $2k lease option).
Residual: 61% - $41,425
MF: .00152
Base Payment - $721 + CO tax = 776/month all in.
Zero down, only first month and $200 in fees at drive off.

Thanks for any thoughts on the deals in advance. What a great resource!

ramocliffs

Hi all. I’ve negotiated a good price on a new BMW, which I was originally planning on leasing. But I expect to only drive 3000-4000 miles per year. Would you instead *buy* a certified pre-owned (instead of lease a new) if only driving that few miles a year?

Michaell

dantastic1 said:

Hey guys - working on a deal for a custom order 2018 540xi. If I order by 1/2/18, I can take advantage of the Dec offers despite delivery in Feb/March (which timing works for me).

Here are the details:

MSRP: $67,910
Total Capital Cost: $61,745 ($64,514 selling + $4~k in additional incentives - dealer is in IL, so can only offer the $2k lease option).
Residual: 61% - $41,425
MF: .00152
Base Payment - $721 + CO tax = 776/month all in.
Zero down, only first month and $200 in fees at drive off.

Thanks for any thoughts on the deals in advance. What a great resource!

Looks solid - I get the same pre-tax payment.

Michaell

ramocliffs said:

Hi all. I’ve negotiated a good price on a new BMW, which I was originally planning on leasing. But I expect to only drive 3000-4000 miles per year. Would you instead *buy* a certified pre-owned (instead of lease a new) if only driving that few miles a year?

The payment will be higher, but if you plan to keep the car longer than the 3 year lease term, that makes sense.

kyfdx

noahabel said:

kyfdx said:

noahabel said:

Hey all, thanks for the help in advance.

I've been working on getting a deal on a 2108 530e. The payments I'm being offered never match what I'm getting using advanced calculators (https://leasehackr.com/calculator/ or https://www.edmunds.com/calculators/car-lease.html). Here's what I'm being offered:

MSRP - $66,720
Cap Cost - $62,720
Rebates/Incentives:
-$3000 model incentive
-$2000 5-to-5 Incentive
-$1000 PerkSpot/Corporate discount
Net Cap Cost - $56,720
Residual (61%) - $40,700
Total Depreciation - $16,020 + $925 Acq fee = $16,945
(Drive off will include all DMV, Doc, Gov, Misc Fees and Taxes; only rolling in Acquisition)

Monthly Depreciation (36 months) - $470.70
Monthly Rent (0.00152 MF x Net Cap Cost + Residual) - $148.07

Payment Before Tax - $618.77

I'm being told $699 by one dealer, $666 by another. The former is showing the deal sheet, the latter hasn't yet.

What am I missing if they're not hiding a MF or fee hike?

Thanks!

Which state is this?
You have to add the $925 acquisition fee to the CAP cost, not just add it to the depreciation. Otherwise, your adjusted CAP is wrong, for when you calculate the rent charge.
You'll have tax on at least $5000 of those incentives.
You say you aren't rolling anything into the lease, but the dealers might be. (like the tax on the incentives)

Sorry, this is in CA.

Got it on the Acq fee. That changes the Rent Charge to $149.49.

And I was planning to pay the tax on the incentives up front. Otherwise, aren't I paying tax on tax?

Just talked to the 2nd dealer (the $666 payment + tax) and they admitted their default MF is 0.00192. They're bringing it down for me to net a total payment of $681 WITH tax.

How does that sound? I was really hoping for a payment at 1% of MSRP.

What is the drive-off on the $681/mo. offer?

You won't get to 1% of MSRP on this vehicle, I don't think. Money factors are just too high for that to be possible.

noahabel

kyfdx said:

Hey all, thanks for the help in advance. I've been working on getting a deal on a 2108 530e. The payments I'm being offered never match what I'm getting using advanced calculators (https://leasehackr.com/calculator/ or https://www.edmunds.com/calculators/car-lease.html). Here's what I'm being offered: MSRP - $66,720 Cap Cost - $62,720 Rebates/Incentives: -$3000 model incentive -$2000 5-to-5 Incentive -$1000 PerkSpot/Corporate discount Net Cap Cost - $56,720 Residual (61%) - $40,700 Total Depreciation - $16,020 + $925 Acq fee = $16,945 (Drive off will include all DMV, Doc, Gov, Misc Fees and Taxes; only rolling in Acquisition) Monthly Depreciation (36 months) - $470.70 Monthly Rent (0.00152 MF x Net Cap Cost + Residual) - $148.07 Payment Before Tax - $618.77 I'm being told $699 by one dealer, $666 by another. The former is showing the deal sheet, the latter hasn't yet. What am I missing if they're not hiding a MF or fee hike? Thanks!

Which state is this? You have to add the $925 acquisition fee to the CAP cost, not just add it to the depreciation. Otherwise, your adjusted CAP is wrong, for when you calculate the rent charge. You'll have tax on at least $5000 of those incentives. You say you aren't rolling anything into the lease, but the dealers might be. (like the tax on the incentives)

Sorry, this is in CA. Got it on the Acq fee. That changes the Rent Charge to $149.49. And I was planning to pay the tax on the incentives up front. Otherwise, aren't I paying tax on tax? Just talked to the 2nd dealer (the $666 payment + tax) and they admitted their default MF is 0.00192. They're bringing it down for me to net a total payment of $681 WITH tax. How does that sound? I was really hoping for a payment at 1% of MSRP.

What is the drive-off on the $681/mo. offer? You won't get to 1% of MSRP on this vehicle, I don't think. Money factors are just too high for that to be possible.

Drive off was set at $1700, which didn't quite cover all the fees or taxes and 1st payment. My concern about this deal was that their initial offer to take $4k off MSRP still wasn't all the way down to invoice (which I had been offered at another dealership that wasn't willing to lock the December incentives in place for a car I wouldn't take delivery on until March).

So I went in to the $681 dealership today and ran numbers with $2k drive off (about $200 additional cap cost reduction) and got the payment down to $671.

I also priced out a car with a few more options ($68,570 MSRP) and with $2k drive off (apples to apples) the payment was an even $700.  All of these are at 9.5% sales tax, which isn't insignificant.

I suppose I can hang my hat on the fact that these payments are all better than 1% of MSRP before tax, something that fluctuates wildly from state to state (and even among cities here in SoCal). I'll also be getting $1500 from the state EV rebate, as well as BMW to take back my i3 three months early (Saving over a grand there).

All in all, I think I'm happy with the deal. Just need to decide on color!

johnpark2

FYI, bought a 2018 540i yesterday. MSRP $65,500, sales price 60,665 (7.3% off). After that, applied a total of $5,000 credit ($1,000 employee credit, $2,000 holiday and $2,000 loyalty credit). It was quite straight forward. 60% residual and 0.00152 money factor. Looks like the target 7% off is very reasonable. This is in Orange County, California. 

Michaell

johnpark2 said:

FYI, bought a 2018 540i yesterday. MSRP $65,500, sales price 60,665 (7.3% off). After that, applied a total of $5,000 credit ($1,000 employee credit, $2,000 holiday and $2,000 loyalty credit). It was quite straight forward. 60% residual and 0.00152 money factor. Looks like the target 7% off is very reasonable. This is in Orange County, California. 

Congrats!

jwilk9919

Do you have the January lease incentives and numbers yet? Looking for the 2018 530i in Florida (36/10k). Thanks!

Michaell

jwilk9919 said:

Do you have the January lease incentives and numbers yet? Looking for the 2018 530i in Florida (36/10k). Thanks!

.00152 and 61%

shaston1

Hi Guys, new here but find this forum very useful. I am working a deal for a demo 530i s-drive that seems good to me but I cannot make the math work. Please see below and provide some feedback. I know that they are marking up the MF but the pricing seems good. The car has 4000 miles but residual does not seem correct. Hoping you can help me make sense of this. Thx

Michaell

shaston1 said:

Hi Guys, new here but find this forum very useful. I am working a deal for a demo 530i s-drive that seems good to me but I cannot make the math work. Please see below and provide some feedback. I know that they are marking up the MF but the pricing seems good. The car has 4000 miles but residual does not seem correct. Hoping you can help me make sense of this. Thx

The pricing is great.

The residual is adjusted down $811.40 to account for the miles on the vehicle (.25 per mile)

My guess is that you'd have to give up some of the discount if you push for the base MF.

What do the "capped fees" include?

What state is this?

shaston1

Thanks for the feedback. This is in Georgia. I did not have the ability to call the dealer yesterday after receiving the quote so I have not been able to inquire about questions yet. I have two primary areas of concern 1. The capped fees and what are they. 2 Why I cannot calculate the same residual.

Is the base residual on a 2017 530i s-drive in GA for 12,000 miles per year 60% or 59%?

kyfdx

shaston1 said:

Hi Guys, new here but find this forum very useful. I am working a deal for a demo 530i s-drive that seems good to me but I cannot make the math work. Please see below and provide some feedback. I know that they are marking up the MF but the pricing seems good. The car has 4000 miles but residual does not seem correct. Hoping you can help me make sense of this. Thx

Yes.. the money factor is marked up from .00152
The residual adjustment seems weird, as it doesn't exactly match anything near $0.25/mile.
It's like they doubled the reduction from 60%. Seems like it should be 1.26% reduction, instead of 2.52%, but maybe it's higher for vehicles over $60K MSRP? (just guessing).

But, using their numbers, the payment is correct.

Some things to note:

1) The total tax number is just informational. Not part of the equation.

2) Looks like they might be double dipping on the $599 dealer fee. Looks like you are paying it upfront (Line 22), and also in the CAP cost (Line 17 - $925 acq.fee + $599 fee = $1524).

3) Related to 2), the upfront money looks to be 1st payment + $599 fee + $200 fee + tax on $599 fee

So, questions to ask:

a) What's up with residual reduction? Shouldn't it be 58.74%, instead of 57.48%?
b) Why two $599 fees? What are they for, and is that correct?
c) Why the money factor markup? Can't we lower that?

Possible results

A) residual reduction wrong? Higher residual drops payment by $22/mo.
b) Extra $599 fee removed? Drops payment by $18/mo.
C) Base MF? Drops payment by $38/mo.

Likely results:

A) possibility, but betting they have it right, we just don't know why
b) Might find some garbage here. 50/50 chance
C) Unlikely... even they can do the math and see that it's super cheap already.

My take:

Bargain hard, and see what you can save, but don't let this deal get away.
Good luck!!

jagu123

I just wanted to thank the moderators for answering my qusetions.
Here is the deal that I got on an ordered car.
2108 BMW M550i
Msrp 86350
Dealer discount of $7000 plus rebates and incentives of $5000 =Total discount of $12k

I did a 30 month lease with 15k Miles/yr

$2800 down including tax
$965/mo
They did not disclose the money factor but it appears that they maxed it. I’m ok with the deal because I expected to pay more until I came to this forum.

Location:Atlanta.

emmdmd1

Can you tell me if the following lease is favorable on a 2018 BMW M550i xdrive

Leased in NJ
MSRP 78718
$2000 rebate
Cap Cost 76718
Only money down tax/fees/1st pmt ($8189.09), drive off $10,189.09
Net Residual $45656.44 (58%)
MF .00152
15K miles/year
Payment $1075.85/mth

Thanks

Michaell

jagu123 said:

I just wanted to thank the moderators for answering my qusetions.
Here is the deal that I got on an ordered car.
2108 BMW M550i
Msrp 86350
Dealer discount of $7000 plus rebates and incentives of $5000 =Total discount of $12k

I did a 30 month lease with 15k Miles/yr

$2800 down including tax
$965/mo
They did not disclose the money factor but it appears that they maxed it. I’m ok with the deal because I expected to pay more until I came to this forum.

Location:Atlanta.

Congrats!

Michaell

emmdmd1 said:

Can you tell me if the following lease is favorable on a 2018 BMW M550i xdrive

Leased in NJ
MSRP 78718
$2000 rebate
Cap Cost 76718
Only money down tax/fees/1st pmt ($8189.09), drive off $10,189.09
Net Residual $45656.44 (58%)
MF .00152
15K miles/year
Payment $1075.85/mth

Thanks

No way should the fees, taxes and first payment come to $10K - NJ taxes the sum of the payments only.

With those prices (what? no discount from sticker? you should get 7%, before the $2K incentive), I get $1049/mo.

Taxes are around $2500 or so, depending on the specific tax rate.

emmdmd1

Michaell said:

emmdmd1 said:

Can you tell me if the following lease is favorable on a 2018 BMW M550i xdrive

Leased in NJ
MSRP 78718
$2000 rebate
Cap Cost 76718
Only money down tax/fees/1st pmt ($8189.09), drive off $10,189.09
Net Residual $45656.44 (58%)
MF .00152
15K miles/year
Payment $1075.85/mth

Thanks

No way should the fees, taxes and first payment come to $10K - NJ taxes the sum of the payments only.

With those prices (what? no discount from sticker? you should get 7%, before the $2K incentive), I get $1049/mo.

Taxes are around $2500 or so, depending on the specific tax rate.

Thanks Michaell. I think the problem is the tax. They have a figure of $5800 which is way off. Not sure what they are basing that on, but should be in the $2700 range. Also, you say 7% discount from MSRP? How is that possible when BMW marks up the vehicles by 6%?

Michaell

emmdmd1 said:

Michaell said:

emmdmd1 said:

Can you tell me if the following lease is favorable on a 2018 BMW M550i xdrive

Leased in NJ
MSRP 78718
$2000 rebate
Cap Cost 76718
Only money down tax/fees/1st pmt ($8189.09), drive off $10,189.09
Net Residual $45656.44 (58%)
MF .00152
15K miles/year
Payment $1075.85/mth

Thanks

No way should the fees, taxes and first payment come to $10K - NJ taxes the sum of the payments only.

With those prices (what? no discount from sticker? you should get 7%, before the $2K incentive), I get $1049/mo.

Taxes are around $2500 or so, depending on the specific tax rate.

Thanks Michaell. I think the problem is the tax. They have a figure of $5800 which is way off. Not sure what they are basing that on, but should be in the $2700 range. Also, you say 7% discount from MSRP? How is that possible when BMW marks up the vehicles by 6%?

Likely the quote is for purchase.

We've always suggested a 5-7% discount from sticker.

I wouldn't worry about what the "invoice" price is, to be honest...

gurs

Hi All,

Can someone please tell me the current MF and residual for leasing a M550Xi for 12K/36 and 15k/36.

Thank you !