BMW 5-Series Lease Questions

franklingt3

I would cut through all the bs and call Rob Koch at Horrigan BMW in Reading!

Good Luck.

Franklin

ed4040

Hi All,

I'm in the NYC area and I just got the following lease price on a new 528xi. Can someone let me know if this is a good deal?

528xi Monaco Blue Metallic w/ Beige Leather
Cold Weather
Premium
ipod Integration
Xenons
Navigation
Satellite Radio

Purchase- $50,900
30 month lease w/15K miles
$749/month w/tax and $2,394 out of pocket
or
$686/month w/taxes upfront $4,294 out of pocket
MF- .0025
Residual-66%

Any insight and or help would be greatly appreciated.

Thanks!

bway

I posted this in the Prices Paid Forum by accident. any help on this would be great.

Is this a good deal? seems as though the MF is too high? I am a current BMW owner.

2008 550i

Black on Black
Manual Trans
Sports Packgage
I-pod adapter
prem sound
sat radio

Cap cost $65970
36 mo lease
15k
59% resid
.0025 MF
$1800 drive off
$1073/mo incl tax (in Nassau County, NY)

Thanks

jkatsnelson

please tell a dealership name. Thanks in advance

fatboy04

Just ordered today (Central Jersey Area)
2008 535i
Premium Package
Cold Weather Package
Park Distance
Sports Package
12K 1970.00 inceptions
735/month (includes NJ 7% sales tax)
Residual 62% Money Factor .0018 (90 day lock)

sfgiant

Just picked up a new 07 530i in San Francisco. I may be naming the options below incorrectly, so please bear with me if I have done so, but this is what's included on the car.

2007 530i
Premium Package
Navigation
Park Distance
Sirius
ipod
Automatic
Bluetooth
Xenon lights
Ski pass through for backseat
12K miles/yr for 36 mos.
Money factor: .0015
Residual: 62%
No cap cost reduction
Lease care option
Sticker of $56,200
Cap cost $54,000 (before lease care)
Drive off of $1270 (taxes and license plus first month). Monthly of $795 including state tax at 8.5% (about $57/month). Lease was around $770 including tax before adding lease care.

Good deal?

eh550i

This is my first post. I got offered the following. Any comments would be greatly appreciated.

2007 550I
Black Sapphire on Black Dakota Leather
Sport
Nav
Comfort Access
Folding Seats
Power Rear Sun Shade
MSRP Approx $68,500
Sell Price $64K
Manager Driven with 3900 mi. on it.
Residual 74%
10K/year
MF .0021 (5.04%) Prior BMW Owner
$3K drive-off
$853/month including 7.75% tax
24 months

Thanks.

ed4040

Sorry for the delay. Dealer is Orange County BMW in Harriman.

japelleg

Hey,

Does anyone know April's and May's money factor for the 528 xi?

Jim

stevedc34

Anyone received a quote for the 2007 525 xi in PA or surrounding areas?

CarMan@Edmunds

Hi 99_528i. BMW Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW 530i with 12,000 miles per year are .00095 and 62%, respectively. Unless you are a returning BMW FS lessee, the .00015 money factor increase for a waiver of its security deposit requirement would apply.

Car_man
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CarMan@Edmunds

Hello pwhite52. I personally would want more than a $1,000 discount on a 2007 BMW 530i that probably as a spread of at least $3,800 between its full MSRP and its dealer invoice price right now. The 2008 5-Series has already arrived at dealers so they should be getting more anxious to unload their leftover '07 models. Make sure to stop by the following discussion to see how much other community members have paid for similar cars lately: "BMW 5-Series: Prices Paid & Buying Experience".

Furthermore, the money factor that you were quoted for this car is a little on the high side. BMW Financial Services' May buy rate lease money factor and residual value for a 36 month lease of an '07 BMW 530i with 15,000 miles per year are .00095 and 60%, respectively. This money factor would be .00015 higher if you opt to have your car's security deposit waived. Make sure that the dealer uses this car's buy rate to calculate your monthly payment.

Car_man
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CarMan@Edmunds

That's not a silly question at all, drtravel. Yes, BMW Financial Services does offer leases on CPO vehicles. In fact, BMW is one of the few manufacturers that actually has a decent level of support on CPO vehicles from time to time. If you're considering leasing one, just make sure to compare the cost of doing so to the cost of leasing a similar brand new model. The support on CPO vehicles is still fairly hit and miss. You might find that there is not as much of a difference between leasing used and leasing new as one might initially think.

Car_man
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CarMan@Edmunds

Greetings justicebailey. First let's take a look at the money factor that you were quoted for this car. In short, it's too high. BMW Financial Services' May buy rate lease money factor for a 36 month lease of a 2007 530xi is only .00165 with the payment of a security deposit at lease signing and .00180 with the deposit waived. It appears to me as though the dealer that you are working with is attempting to mark your car's money factor up to add additional hidden profit to your deal. This is actually a fairly common practice amongst BMW dealers, but savvy consumers who know what their car's money factor should be are often able to get the dealer to use the buy rate to calculate their monthly payment.

Now let's take a look at this car's selling price. The price that you were quoted is $1,900 over invoice, which isn't terrible. Still, given the fact that the 2008 5-Series is already at dealers I personally would shoot for a larger discount than this. Try a little comparison shopping to see if you can beat this deal. Make sure to stop by the following discussion to see how much other community members have paid for similar vehicles lately: "BMW 5-Series: Prices Paid & Buying Experience".

Hmmmm, after I just wrote all of that I just realized that you want a 2008 model :surprise: . I was confused because the 2008 version of this car is a 535xi, not a 530xi. Well, this is a different story. Not only would I expect the selling price of this car to be higher because it is a newer model, but you also are ordering it. Dealers usually seem to be willing to provide better discounts on vehicles that they have in inventory than they are on ordered ones. The price that you were quoted looks much better for an '08 model. This car's money factor isn't the .00200 that you mentioned though, it's higher. BMW FS' May buy rate lease money factor and residual value for a 36 month lease of a 2008 535xi with 12,000 miles per year are .00285 and 60%, respectively. The money factor is .00015 higher with a waived security deposit.

Car_man
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CarMan@Edmunds

Greetings ping2. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion on this deal if you let me know what these numbers are.

Car_man
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CarMan@Edmunds

Hi ed4040. What is this car's MSRP, or even better its dealer invoice price. The dealer can tell you what its MSRP is and you can look up its invoice price in the following section of this site: Edmunds.com - New Vehicle Pricing. These numbers are important because they will show us how much of a discount or how much over invoice you are paying for this car, which should give us an idea if there is any room left to negotiate. The money factor that you were quoted for this car looks good.

Car_man
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CarMan@Edmunds

Hello bway. The money factor that you mentioned is actually not too high at all. It is right in line with BMW Financial Services' current buy rate for the 2008 550i. The other important number to take a look at is this car's selling price. If you let me know what this car's full MSRP, or even better its dealer invoice price is, I will tell you what I think of the price that you were quoted. You can find out the MSRP from the dealer, or look it along with the invoice price up by visiting the following section of this site: Edmunds.com - New Vehicle Pricing. Let me know and I'll tell you what I think.

Car_man
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CarMan@Edmunds

Welcome eh550i. The money factor that you were quoted looks a little high. BMW Financial Services' May buy rate lease money factor for a 24 month lease of a 2007 BMW 550i is only .00175 with the payment of a security deposit and .00190 with the deposit waived. Make sure that the dealer that you lease from uses this car's buy rate to calculate your monthly payment.

Now let's take a look at the selling price that you were quoted. The car that you described probably has a spread of a little over $5,000 between its full MSRP and its dealer invoice price. So the $4,500 discount that you were quoted looks pretty good to me. The problem is the 3,900 miles that this car already has on it. I personally would probably want a slightly larger discount than this on a demo that already has 4,000 miles, but that's just me.

Car_man
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CarMan@Edmunds

Hey Jim. BMW Financial Services' May buy rate lease money factor for the 2008 BMW 528xi is .00285 with the payment of a security deposit at lease signing.

Car_man
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bmwpair

I am a returning BMW customer, and have ordered a 2008 BMW 550i. I anticipate negotiating the deal within the next week. With options, the MSRP is $68,045, invoice $62,525. I am planning a 36 month lease, 15,000 miles per year. Please tell me the residual % and money factor for this vehicle. Thank you!

rsdarch

I have a '06 530xi fully loaded. I picked up the car on swap-a-lease 6 months into the lease. A big mistake in Manhattan because of the runflats and sport suspension. Flat tires that need to be replaced at BMW prices. I have 18 months left. Can I end the lease early if I go into another BMW product?

nales976

Looking for help. I am looking at a 2008 535i with sport, premium, nav, hi fi sound, ipod, cold weather, and satellite raio...msrp of $59,920.00. Looking at a 36 mth, 12k lease with 0 down...can anyone help me with money factor, cap cost, monthly payment? Thanks.

macdad

my current 525 lease is up in December 07.

Would BMW have lease support on a 07' 530 until December or do they offer early turn-in to lease another BMW with no penalty. Some manufacturers will offer early turn-in when you are within 2-3 months of lease end to try and keep you in their car.

Macdad

kyfdx

The '08 5-series models are already being built.. I doubt there will be any '07s left in December.

macdad

Do you have any experience with an early turn-in?

What is the residual and MF for 36m/12k for a 530.

macdad

kyfdx

'07 530i 3yr/36K

.00095 and 62%

I've never turned in a car early.. You really can't do that, unless they have some sort of factory sponsored "pull-ahead" plan to cover the remaining payments.

I've traded in leased cars early... Mostly Honda products, though.. I did pretty well, but this was back in the day of realistic residuals.. Most BMWs that were bought on good lease deals won't cover the lease payoff on an early trade-in. (every situation is different, though).

regards,
kyfdx
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macdad

As I wrote earlier, my 525 lease is up in December, but the 530 program is very attractive. It would seem the only reason for BMW to trade in early is I am going to commit to another BMW lease.

The new 528 has a marginal increase in HP and (for the money)I dont think I am interested in the 535.

I have left a message with the salesperson I have dealt with - we'll see.

Macdad

ping2

Car_Man

The lease I was quoted is as follows: '08 528 MSRP of $53,200. The dealer is willing to take off $2200 off the sticker.

39 month lease w/ $2934 down (700.00 sec deposit)$732.09 per month.

Is this a fair lease price? Thanks

brubmw1

Hi,

I am thinking about doing an European delivery for a 2008 528i. One of the local dealers (Dallas, TX) told me that the European delivery price is fixed (non-negotiable) at $41,200. Is this correct?

Also, when I asked about leasing, I was told that MF would be 0.00305 if the car was bought here, but would be 0.00335 for European delivery. In both cases the residual was 60%. Is this a good deal? I am also wondering if it would be worth waiting until December to get a better MF.

Thanks in advance for your help.

kyfdx

Quick answer: Find another dealer

Long-winded answer:

1) ED pricing is not fixed. Many, many dealers will do $1000-$2000 over ED invoice..

2) Base MF is .0025, or .0028 for ED, assuming you make a security deposit, or are a returning BMWFS customer. The dealership is marking up the MF by the maximum .0004, and adding the security deposit waiver bump of .00015

3) The residual is fixed by BMWFS and can't be changed.

tayl0rd

Can't remember if this has ever been answered, but where do we get the ED invoice prices?

brubmw1

Thanks kyfdx, that was most helpful.

tayl0rd: I found the Retail and Wholesale prices on bimmerfest.

kermalou

2008 535i

Down $1,358 $872.42/month 10k per year
money factor is .00265

Premium Package
Sports Package
Heated Seats
Navigation
Automatic
Ipod kit

hpia4v2

The car kermalou wants is $57875 MSRP.
Assuming:
1) 3yr lease with residual of about 60% (my understanding is at the end of the lease if you want to buy the car it'll cost $34725).
2) 10% sales tax and $300 registration

Now this is where the fun in math begins, the MF indicate 6.36% and the amount finance is ($57875 * .4) - $1358 = $21792. And add tax+registration to final amount of $24271.

If you put this amount into finance calculator the monthly payment should be = $742.34 not $872.42
for $872.42/mo the interest is a whopping 17.6%

I must be missing something, and that's why I guess I haven't leased a car yet.
:sick:

kyfdx

What you finance when you lease:

The average of the CAP cost and the residual..

In your example, assume he pays $56K... and the residual is $35K.. Your average amount financed over the term of the lease is ($56K + $35K) / 2 = $45,500.

After all, the leasing company is paying the entire purchase price upfront, to then rent you the car.. Your lease payoff will gradually reduce to the residual amount at the end of the lease term. So, in effect, you are borrowing the entire purchase price of the car (just as if you were buying it).

Hope that helps,
kyfdx

infinitimn

Also something to bear in mind is that the 10K residual for a 3 year lease is 63% rather than 60%.

georgecurious

I have a dealer quoting me a lease payment of $899 a month on 2008 528i. Term is 36 months, mileage is 12K/year. $1200 down, which includes the first payment.

I'm in TX so I have to pay the sales tax on the car (6.25%) as part of the Net Cap Cost. The MSRP on the car is $54,470.

I've calculated that an $899/month payment is effectively like getting the car at a negotiated price of $51,900 if the residual is 62% and the MF is 0.00333. If you use a MF of 0.00255 and residual is 62%, then it is like getting the car for a negotiated price of $54,050. (Net Cap Costs are $55,444 and $57,728 respectively in these deals -- I'm figuring in $300 for licensing and title fees.)

My FICO is mid 700.

I'm attempting to figure out if this is a good deal. I feel like I might be leaving some money on the table. The dealer is telling me that no 2008 5 series are going out the door for anything off of MSRP because they have not been on the market very long. If that's the case, then getting $500 off and MF of 0.00255 is a pretty good deal. If it's not true, then what is a good negotiated price? 3% off MSRP? That would drop my payments to $860/month.

What do you think?

georgecurious

kermalou, if the MSRP is really $58,875, then that puts the negotiated price of the car at about $57,100. I'm using a residual of 63% and a MF of 0.00265 and a tax rate of 6.25% (on the payment itself, not the negotiated price of the car). I'm assuming about $500 is going to fees.

CarMan@Edmunds

Hey ping2. The car that you are interested in probably has a spread of around $4,200 between its full MSRP and its dealer invoice price. The $2,200 discount that you were quoted isn't bad, but it still leaves $2,000 to play with. I am not all that familiar with what the market is like for this car right now, but that's enough that I personally might be inclined to comparison shop with another dealer or two to see if I could beat this price. You also should stop by the following discussion to see how much others have paid for similar cars lately: "BMW 5-Series: Prices Paid & Buying Experience".

When you arrive at a selling price that you are comfortable with, make sure that the dealer uses BMW Financial Services' current buy rate lease money factor of .00250 to calculate your car's monthly payment.

Car_man
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CarMan@Edmunds

Hi georgecurious. $900 per month sounds too high for this car. You really need to find out exactly what selling price you are being charged for it. The '08 528i that you described probably has a spread of around $4,200 between its full MSRP and its dealer invoice price, so there's a lot of room to play with there. Make sure to stop by the following discussion to see how much others have paid for similar cars lately: "BMW 5-Series: Prices Paid & Buying Experience".

BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of an '08 528i with 12,000 miles per year are .00250 and 62%, respectively.

Car_man
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kermalou

I am still looking for a deal on a 5 series, does anyone have the June rates?

bmwcrzr

Hi Kermalou,

My lease is up in 45 days or so... I have been painting the dealers red... I live in Southern California and have leased my previous 2004 325ci and 2006 x5 through Nick Alexander.

However I live closer to South Bay BMW. Though this dealer is less likely to give out "deals" because of their client base, I did however find a manager who is very straight forward.

This is what I was offered on a $51,XXX 528i.
-Buy rate of .00250 +
-Security waiver.00015
-For a total MF of .00265
-Residual was at 64%
-$1500 off of MSRP...

I hope this helps everyone.

macdad

What are the June MF/R for both 528 and 535 for 24/12 and 36/12.

I used this forum for my current lease and found the info. invaluable.

Thank you,

macdad

bmwcrzr

Hi Macdad,

Here is the info you requested...

528i
24/12 - at 73% and .00250
36/12 - at 60% and .00250

535i
24/12 - at 71% and .00250
36/12 - at 60% and .00250

Personally I think BMW is full of it. :mad:

infinitimn

Hi bmwcrzr,
The MFs you posted are correct, but the residuals are for 15k not 12k miles. The 12k are 2% higher and the 10k are 3% higher than you have shown.
Also there is a .0007 BMW FS lease loyalty reduction corrent BMWFS customers, but I am not sure it extended into June.

beamer_search

Hi Everyone,
Could someone tell me the R and MF for a 36/15 lease on a 2007 530xi. The last I saw was 60% and 0.00165. Is this still right?
Thanks.
:surprise:

macdad

What is the July MF/R for 528/535 24/12 and 36/12. Any experience with what you would get for being a current customer in addition to waiving the security deposit on a new lease.

thank you

bgraf

On this 2008 528i, the MSRP is 50,825 (Cold Weather, Premium, Xenon, Nav)I was quoted $600/mo 24months, 15K/yr.
Because it is a company car I need to get to 600/mo or less. To do so, the best i have found is a total of $6300 down. (taxes included,all in)
Can I do better? Is it in the ballpark? Thank You

jobie

Like a couple of the above posts, I'm looking for someone to verify current money factors...I was quoted .00295 with a security deposit (.0031 without) on a '08 535xi. These seem high, don't know if dealer is marking them up. Can anyone post this info?
Thanks in advance

bradcarter

Use the following link, as it has everything you need. You can also scroll through prior pages to see the progression of rates.

http://forums.roadfly.com/forums/financing/