Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options
BMW 5-Series Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
MSRP - $51,660
Cap Cost (claims $500 over invoice) - $49,625
quoting 60% residual on 36 month lease 15k miles
MF .0022 (5.28%)
I am an existing BWM 3-Series lessee with BMWFS and I think the money factor quoted is way too high. Can anyone confirm that BMW is offering 3.9% (MF .001625) for existing customers on the 528i series 36 month lease in July. Am I getting hosed? Dealer is Chapman BMW in Phoenix Arizona.
I did check out the site suggested at:
http://forums.roadfly.com/forums/financing/
but the rate there is higher than the dealer quoted me.
My wife's '06 535 is coming off lease in Oct (end of 2 yr lease). Current miles are approx 15,000 (contract was for 10m/year). Like the car fine but looking to minimize monthly pymts moving forward. In your experience is leasing a used car any different than a new car lease? What issues should I be concerned with? And lastly, are the residual and lease factor deals similar on new vs. used?
Love this post for all the models we are interested in. What a great source of information.
Thanks,
TampaBayDriver
$1337 due at signing
35 remaining payments of $799 + sales tax
The car has the following options:
Premium Package
Sport Package
Sport Steptronic Transmission
Park Distance Control
Navigation System
iPod/USB Adapter
Is this a good rate?
Newbie here. Great forum.
Can someone please list competive purchase price, residual, MF and miles for 528.
Many thanks.
1) Does BMWFS still offer current owners a MF of .0018?
2) For non-current owners is the MF.00225?
3) Typically, are the above rates applicable to 10K in miles and a residual of 60%, 12K and 60% or other?
4) Do the above rates assume a down payment of $2500, first payment and one months security deposit?
5) Generally, what are residual percentages for annual miles of 10K, 12K and 15K?
6) My trade-in is worth around $17,000 (not a BMW). When you are trading in a car and now you want to lease, what is the best way handle the cash value of your trade in? Generally, will dealers give you cash or do people sell sell their cars outright vs trying to trade them in?
Thanks for you help!
grayman01
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
You should be able to get an idea of what a good selling price would be for this car right now by visiting the following discussion: "BMW 5-Series: Prices Paid & Buying Experience".
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
You do not have to pay any capitalized cost reduction to qualify for the aforementioned money factor, but you will have to pay a security deposit that's equivalent to your monthly payment rounded up to the nearest $50 increment and BMW FS' $625 acquisition fee. BMW FS will waive its security deposit requirement for free for returning lessees.
If you want to trade in your current vehicle when leasing your new one, it would be in your best interest to have the dealer cut you a check for any equity that you have in it. This is better than using the proceeds as a capitalized cost reduction because consumers who make large down payments on leases risk losing part or all of their money if their vehicle is totaled in an accident or stolen and never recovered.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Selling Price: 52,000
Money Factor: .0018
Residual: 63%
Minimum drive off, which included a $825 acquisition fee, and monthly lease payment of $670, including tax.
Isn't the acquisition fee supposed to be $200? Other than that, do the numbers look right? Does the dealer have any incentive to reduce the sellig price in lieu of reducing the acquisition fee? Thank you!
Thanks.
You certainly aren't being given much of a discount on this car. Not only is the dealer only giving you only $250 off, but they are marking up BMW FS' base acquisition fee by $200 so this deal is really only like $50 off :surprise: . If you are in an area that has any competition, you should be able to do better than this. Try stopping by the "BMW 5-Series: Prices Paid & Buying Experience" discussion to see how much other community members have paid for similar cars lately.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
$500 over dealer invoice is a very good price for this car. If you can get the dealer to give you this price and then use BMW FS' buy rate lease money factor to calculate your monthly payment you would be getting a heck of a deal.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Last month I put down a deposit to order a vehicle that is scheduled for 9/30/07 delivery. Since then, I've started to think I didn't cut the best deal I could have (too much double talk at the dealer to follow all the fees, taxes and rates).
Do I have any recourse when the car is delivered to re-negotiate, or am I stuck with the deal as it was cut when I put the deposit down? Doesn't BMW allow for the customer to get the better of the lease programs available when ordered or delivered? Can I negotiate with another dealer and ask them to swap for the car I ordered?
Thanks
I think I may be overpaying by about $35-$50 per month on a 36 mo lease (at most). But I thought if the lease programs improve between the PO date and delivery, you get the better terms?
"My friend just leased a 2008 535i and they told him that he could not do MSD as the car was under the owner loyalty program, and even if he could that they would allow him to do only 5 security deposits, where each would reduce the money factor for 0.00005. As much as I know, BMW FS used to allow up to 7 security deposits, where each would reduce the MF for 0.00007, bringing the maximum reduction to 0.00049 = 1.176%. Please let me know, because the car was ordered and he still has a chance to modify the deal when the car arrives. Thank you."
36 months
15K
$677 per month including NJ sales tax
Is this a good deal? I was told theuy are using a cap cost of $800 over invoice.
You can make a total of 7 MSDs, for a total reduction in money factor of .00049
Each MSD is equal to the payment, rounded up to the next $50 increment.
Example:
No MSDs
$40K CAP cost
$25K Residual
$500 payment
Base MF .0015
7 MSDs ($3500 upfront, returned at lease end)
$40K CAP
$25K Residual
$468.15 payment
Base MF .00101
For your $3500 deposit, your payment is reduced by $31.85 per month.. Resulting in an after-tax return of 10.92% on your $3500.
These are all just made up numbers, but will approximate the savings on most BMW leases.
Hope that helps,
kyfdx
Host-Prices Paid Forums
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
MSRP 63,820
Sales price $62,000
MF 0.00180
Resid value for 12k/36mo. 62%
Payment would be $865 including tax with $2096.49 due at signing. I'm being told this is for the necessary tax, license, etc...but other quotes I've received had higher payments and lower out the door costs. They must be padding it here...they haven't itemized these costs, though I have asked... Is this a decent deal??? Thanks for any input.
Looking for MF and residual on '08 528i. 3yr 12k. Have excellent credit. We have leased before but never a BMW. How close to invoice price can I expect to get on a 528i, and is the security fee waiverable?
Thank you.
If I pay the taxes upfront and the car is totaled shortly into the lease, will I lose all of the unamortized, so to speak, money? It seems like just another form of capital cost reduction - which is always at risk in a lease - which I never think is a good idea in a lease. Thoughts?
Thanks!
2008 535i lease 12k/36mo.
MSRP $63,820
Negotiated Sell price $61,000
MF 0.00180
Due on Delivery (from Lease Review sheet):
Monthly payment $837.94
CapRed 0
Sls Tax upfrnt 48.44
1st yr fees 458.75
Sec Dep 0
Other upfnt 625.00---marked "Acquisition fee" off to the side, but the "Lease Worksheet" has Acq fee $825.00
Total Init payment $1970.13
Is your sales tax in the payment?
By the way, how did you manage to get a 535i up to 63K? It's gotta have every option including night vision?
Looks like a good deal from here.
This one has Space gray exterior with Black dakota leather, premium, sport, cold weather, automatic, active steering, comfort access, park distance control, navigation, heads up display, satellite radio and premium hi-fi sound system. The MSRP on this vehicle is $63820.
Night vision would have really rounded out this package. I may have to wait 3 yr.s on that one.
I'm looking to close on a new 2008 550i. MSRP around $74k.
Would you be able to provide some lease data for the 550i here in September?
Thank you very much,
Lam
Should I lease a 2008 535i?
Does it make more sense to extend my current lease?
Does the 2008 still have Sirius? Does the 2008 have ipod integration?
Thanks
Thanks
Yes. Yes, an option.
Trading in a car worth $7K
30 Months/$735 with 18K miles per year.
I am hoping to get it down to $700.00
I presently pay $700 for my Infiniti M35, so I want to stay at the same payment.
(I am trading in my 2003 G35, its worth more, but the car is pretty banged up. MB offered me $7500. KBB has it at $11,500K, but I guess they are taking into consideration the repairs that need to be done.)
Any suggestions how to get my salesman down $35.00 without putting down any money expect for the trade in and my first month. I know nothing about money factors or residual. I simply walk into the dealer and tell the salesman how much i want to pay.
Currently working with JMK, but I almost bought from Open Road a few years ago and enjoyed the process. I hear Flemington beats everyone in price and service. I have never looked at Princeton, but may stop there as well.
Would like to hear your thoughts.
550i sport Pkg
Sport auto
Nav
logic 7
HUD
HD radio
Rear Airbags
Sirius
Ipod adapter
Cold Weather package
Selling price- 66,880 (deal was invoice plus 1K plus (480 macco and training fee)
Money Factor is.00225 (I am not a current bmw customer so I couldn't get the lower promotional rate)
36 mos
15,000 miles per year
Drive off of 1894 (First payment _1077
DMV
Security deposit)
Payments include Tax of 8.625
and bank fee is already in the payment.
Monthly payment is 1077.66
Does that all seem to add up correctly?
Thanks!
If one wants a 7 though, it is a good time to get one.