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BMW 5-Series Lease Questions
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Comments
Thanks
Thanks
I beg to differ on teh E. I find the seats less comforatble (stiffer), the steror wheel control Lame (the skip to next station does not go to your pre-programmed but the next station), and the humming noise of those damn brakes TOTALLY Bites ! AND I verified the 2007 Mercedes have the same brake "feature".
I went from a 740IL to the E320, and am going back. Plus i heard the 05 maint. they now charge for std. maint.
I actually looked at the LR3, but it was too big for what I needed. Cool looking SUV though.
Mr. Schaffer,
All BMW leases are done with the same rates and residuals, there is no tier system for credit scores.
530i options: Sport Package, Premium Package, Premium Sound, & 6-speed Auto.
The money factor is .00125 for both leases and the residual is .7 for 24 months and .6 at 36 months.
36 months / 15000 miles per year.......$ 993.11 total due at signing, $ 743.10 per month plus tax
24 months / 15000 miles per year.......$ 1089.01 total due at signing, $ 832 per month plus tax
Thanks,
Richard
Please send me your salesman's email at Ft Lauderdale BMW. I'm in Tampa and looking to lease asap. You can email me gator00si@hotmail.com. Thanks
Has anyone reengineered the BMW 530i special lease offer on the website? I just can't get the numbers to fit. Using the stated MSRP in the small print, is BMW assuming any discount to this price? Is the money factor the standard 0.0009? Is the residual value 63% of MSRP? (This is only a 10k offer on the website). What other costs would you expect if you walked into a dealer and said you want that deal? The small print says the acq fee is in the total costs shown; says that tags/title not included. What else?
Is this a good deal?
If anyone has tried to do this, please let me know.
Thanks.
seems though if you try hard enough you could get .0009, I gotta believe that BMWFC gives something back to the dealer...otherwise, why would we all have access to that number..negotiate the price, then the rates and drive off...and terms, the lower the miles the better the rate, I got residual of 62% on the 530i 2007. Appears the "Options"are non-negotiable, they go right to MSRP, and on the 530, there are a ton. For example, god forbid, heated seats - hell $525 for that ?
Siver/Black + Premium Package + Cold Weather package
MSRP: 48220
Sell price: 46xxx
12000 mi/year for 36 mo.
Money factor: 0.00065
Residual 62%
Monthly payment ~ $575.
Thanks in advance
I've never leased a car and am amazed by the information and negotiation that is possible when leasing a car. You guys have it down to a science. I honestly do not know where to start. I'm ready to lease a 2007 BMW 525 xi with automatic transmission and cold weather package. The premium package and anything else is optional.
Lease: 36 months, 12,000 miles
Is a lower MSRP the only term that I can negotiate with the dealer on?
Overall, is it better to pay a bigger down payment ?
I'm leasing it thru' the company I work for.
I live in VA
Also, i contacted this website - South Bank Auto Leasing. Anyone who know anything about them?
Appreciate any advise you have
Thanks in advance.
36mo lease,12,00 mi per yr
Premium package,Sportpackage,Aero kit,automatic,Nav.,Sat radio(1yr free subscript)
The MSRPwith the options totals$60,540,salesman said he would give me $1,000 over cost, (but didn't email me that number)Salesman has offered a paymt compute of $739.oo +Tax=798.89,taking my 525i in now, WITH $3,500 to start!
! Or, if I make my last pymt,send the car back to BMW, $697.56+tax=755 per mo., with same $3,500 down...
This seems pretty high as to what I have seen on this forum, can anyone help me to make a better deal, and what are the questions I need to ask the salesman? I am in So Cal,and need to make a deal before my lease is up next month.THANKS FOR ANY ADVICE!
Your are not getting the best deal. What dealer.
George
Lowest price to me: $59,000
12,000 mi per yr,36 mo lease,
$707.00 +tax=$766.00 per mo,with$3,500 out of pocket
(The $3,500 consists of:$457.00 license fees,$798.42 first pymt(actually now will be 766.00), $2,017.82 cap reduction,and$226.00 cap reduction sales tax.
The car has as follows,
Premium Pkg, Sport Pkg., Sat Nav.,Automatic,Aero Kit, Rear Spoiler,Sat Radio,(1 yr free Sirius)
They stated that the car is "special", and like no other with the rear spoiler,to look different than any other530ia, which is why they cannot reduce the cost to me any more. I do love the car, but really want to make sure there isn't a better deal out there .
What do you, or anyone else out there think of this offer?
Thanks for any help!!!
Good luck.
Corsche
This is quite a bit less than what I have seen for other comparable cars in this price range. Is there some catch or is this just a great deal? I understand that they are changing models this year. Does this have any bearing as to why they are offering this?
Also, this deal is until 1/31. Does BMW offer these deals often? I was not ready to lease by 1/31 but don't want to miss this if similar offers won't be around later.
This forum has been great for me to figure out the science of a competitive lease contract. While I have all the elements to negotiate good numbers, the dealer went into hibernation after I challenged his first and completely nontransparent back of an envelope "scenarios".
The car is meanwhile produced and "awaiting transport", expected to be here end of February, beginning of March. I am confused as to when which MF rates get locked in (his proposal is based on .00205 while the published rate is .0015).
- when does a lease normally get signed? Apparently not when you place the order.
- what information gets shared or negotiated? (assuming it is similar to financing re paperwork and disclosures)
- How far away can a dealer stray from the "published MF and residual values)?
This is the strangest business process I have experienced in a long time. Any insight is very much appreciated!
I don't want to get snowed forever and then not having any other options or leverage with my back to the wall.
Thanks guys, Lsmb
I do not know why the dealer will not give you the buy rate of .0015(you should get that as long as you give a security deposit). With the security deposit waived the rate should go to .00165 unless you are a returning BMWFS customer. As for locking in the rate the dealer can lock in the current months rates for 60 days(you need to ask them to do it) and if the rate get better you can benefit. This should give you enough time for the car to arrive. I did the same thing in December with my 550i and it is due to arrive on 2/10.
You complete the deal when the car arrives, you inspect it and finalize the paperwork. The dealers finance department should share all the details with you including money factor, residual, acqusition fee, security deposit, etc. before you sign for the car.
I hope that helps.
Corshce
I appreciate your help!,many thanks...
pdurnian
I recently received a sum of money which I could pay off about 50 to 60 percent of the total debt that I have.
So my questions are should I pay off my debt first before applying to BMWFS.
My credit score is around 650 and it would surely go up to around 680 in about 2-3 weeks after I make the payment.
Will it affect the money factor or negotiating options that I might have from a dealer if I have a better credit when I go to lease the car because I really want to lease either 335i, 525i, or 530i ASAP.
Thank you so much, any replies appreciated
The rules of the forum does not allow for me to post their web address, but if you google Pacific BMW and go to their website there is a link on the home page for Internet sales department.
Good luck.
thanks for the insights. I made some progress by escalating it up the chain and have at least now all his (new) deal elements. I think they tried to make up for what they gave up in the sales price negotiation by snowing me with the lease deal. The calculator I shared with you earlier was extremely helpful, since it exposed the whole calculation within cents. (Learned also how security deposit gets calculated: first payment rounded up to the next $50, in my case $700).
Without ever admitting to it, he now changed the MF from .00205 to .0019, a step in the right direction, which he claims is the current "BMW sales support rate". Interestingly enough this rate gives me the same results as the bmwusa website's payment calculator, on the basis of which I started my negotiations before seeing this forum and the .0015 MF)
He now claims that he was unaware that I was trying to negotiate the lease (after a 3 weeks email trail...), which is baloney. At the time of sale, he provided me with a handwritten note on two scenarios to which I never agreed, since they were far beyond "rounding errors" he claimed to be the difference. He also said that the MF was non negotiable within the BMW system, I would get the best rate automatically. Apparently all not true.
Do you have any arguments for me, why he "needs" to give me a lower MF at this stage? Other than just begging. Or do I have to cut my losses at this point of little leverage?
Thanks again,
Lsmb
Thanks,
Corsche
I want to exit my lease early. 22 Payments remaining. Any suggestions?
Car_man
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Prices Paid Forum
Car_man
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Prices Paid Forum
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One some of our most knowledgeable community members frequent that discussion and they are often kind enough to give others their opinions on vehicles' value. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
Car_man
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Prices Paid Forum
Can you give me the current residual and mf for a 36 month, 15K per year lease? Also, does BMWFS offer a 39 month lease and if so, are the numbers different?
Thanks.
Thanks. Looking for 550i for 36 months with 12K miles per year lease rates.
Corsche
Cold Weather Pkg
Premium Pkg
Automatic
Selling price $52,500
36 months, 15,000 miles
$4000 includes all fees and cash down
$699/month
residual $32,500
I believe the money factor is .00185, no security deposit.
Make sense?
Thanks in advance for any comments!
525I lease for 28 months. $800 at signing. (1st pmt, DMV, Doc Fee)
$512 per month tax incuded. (OPTIONS - AUTO & COLD PKG)
MF .00005 Res 72%.
Money Factor 0.00051 after 8 security deposits.
Money due at signing is 8 security deposits, $625 acquisition fee, $300 of for tags, plus state tax.
Lease payment: $630/month for 36 months
I have two questions.
1. A BMW dealership ran a credit report on February 4th.
Do I get January rate or February rate ?
The published February rate says "effective February 6th"
2. Let's say I'm making 7 security deposits on 36 months
lease. When are the times I should make these deposit
after initial decurity deposit ??
Thanks