BMW 5-Series Lease Questions

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  • asteinbergasteinberg Member Posts: 138
    Please tell me MF and residual for Jan for 2011 535i for 3 yr lease, 12000 miles, 15000 miles (I assume 2 yr lease remains prohibitive, unlike my past 2 yr BMW leases, but I'll take the numbers just in case.)
    BACKGROUND. I ordered, but didn't specify automatic transmission; Car arrived early Dec with manual. I felt dealership should have queried. I assumed automatic was default. In any case, dealer re-ordered right away. BMW national, as usual, not particularly helpful. (I've had two prior BMWs.) I'm hopeful vehicle will arrive by end of Jan. MF in Dec had dropped from 230 to 225; I'm hopeful Jan MF will be a bit lower. I've had to deal with major inconvenience and rental costs and could use a money break. At least
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here's the information that you're looking for, asteinberg.

    BMW Financial Services' January buy rate lease money factor and residual value for a 36 month lease of a 2011 535i Sedan with 15,000 miles per year are .00175 and 56%, respectively.

    This car's money factor drops to .00145 for loyal customers.

    If you were to lease with only 12,000 miles per year, its residual values would be 2% higher.

    Car_man
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  • asteinbergasteinberg Member Posts: 138
    Many thanks! You've been very helpful over the years.
    Here's my situation -- I ordered a vehicle in Dec to get the $1500 credit.
    The MF then was 225, with multiple deposits 176.
    Now, you say its 175, and 145 for loyal customers.
    Questions:
    (1) My understanding is you get the MF in effect when you ordered the car, or when it arrives, whichever is lower. Correct?
    (2) Does that loyalty apply to me, since this is my third BMW, and I just came out of a BMW lease in October? If so, does that mean, if I get the car in Jan, with mulitple deposits, I would be down to MF of 96???
    (3) I was told I would still be eligible for the $1500 credit because the car was ORDERED in Dec. Right?
    Now, if that car goes is arrival/delivery to me into Feb, I can only hope the Feb MF stays the same or goes lower, and doesn't increase from Jan to Feb.
    All this helps -- because of rental car and related expenses I'm incurring while waiting for the BMW.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome asteinberg.

    You are correct, you should be able to take advantage of either lease program, the one that you locked in or the one that is available when you take delivery of your car...whichever is better.

    There is a very good chance that you would be eligible for the loyalty offer, as someone who was leasing a BMW just a couple of months ago. you really need to check with the dealer to be certain that this is the case though.

    As long as you use the December money factors and residual values, I believe that you will still be eligible for the $1,500 cash incentive.

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  • asteinbergasteinberg Member Posts: 138
    HI, CarMan.
    You have me a bit concerned and confused.
    The $1500 incentive was for 535i ordered in Dec.
    So, that should be locked in,.
    But when the car arrives -- in Jan or Feb, I should be eligible for the MF in effect in Jan or Feb.
    After all, consider the alternative. Suppose I was just BUYING the car I ordered in Dec-- I'd still get the $1500 incentive when the car arrived in Jan or Feb. The fact that I'm leasing should entitle me to the MF (and loyalty MF) in effect when the car comes.
    Right?
  • x021627x021627 Member Posts: 152
    You can't mix and match programs.

    You are correct that if the current January program with its money factors are better for you that you can select that one. But that means you give up the December program which happened to have $1500 holiday cash. You need to figure out which one works best for you.

    Good Luck with whatever you decide.
  • kyfdxkyfdx Moderator Posts: 267,528
    Ditto... the $1500 Holiday Cash is tied to the lease program in effect in December...

    If you want to use the January or February program, those don't come with the cash...

    regards,
    kyfdx

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  • asteinbergasteinberg Member Posts: 138
    Many thanks.
    The dealer told me:
    (1) I'm eligible for the $1500 cash back because I ordered the car in December.
    AND
    (2) My MF would be the lowest of when I ordered, or when the car came in.
    The first car I ordered came in with stick shift. I did not specify automatic (or stick) and was surprised when it came in. The dealer rushed a new order, but after a quick burst of production, the vehicle languished during an extended Christmas season slowdown. I've incurred lots of waiting and car rental expense.
    I do not understand how they can link the $1500 cash bank, which was tied to my order, with the MF when it comes in, particularly, since this is contrary to the way the deal was laid out.
    I guess I'll just have to challenge it.
    But with BMW it's hard to win.
    This is my third BMW and probably the last.
    I like my dealership and sales rep, but BMW national has not been helpful on a variety of matters with my prior vehicles, and it was not an easy call to go with BMW again. It's the only brand that has not honored a loaner policy, even with warranty problems, but made it a dealer-decision. I had other problems I won't enumerate.
    So, if BMW sustains the dealer reversal on this money stuff, that may be my final frustration.
    Thank you for your kindness in providing your perspective.
    I honestly think that reasoning would make more sense for cars in stock, because I was always told in the past that if I ordered, it would be the MF at time of order or time of delivery.
    Happy new year to you.
  • skobolaskobola Member Posts: 207
    edited January 2011
    Asteinberg, you do not have to accept the ordered car. So, if you have a change of hart, you can always go with some other car. However, I believe that it will be difficult to find a "better" car for comparable monthly payment. Of course, you can find a less expensive car lease, but you will probably not be happy with the car, and especially not if you have already accustomed yourself with Bimmers.
  • asteinbergasteinberg Member Posts: 138
    Well, I realize all the pluses for the vehicle.
    But BMW nationally was not as supportive with past problems as, years ago, Cadillac nationally, Lincoln nationally, Audi nationally, Mercedes nationally, were for me when major issues arose. Instead, BMW kept bucking things --like loaner vehicle for major warranty problems -- to "the Center."
    The 2011 535i did well on safety numbers, so I bypassed incredible deals offered by AudiA6 and Mercedes E350.
    Now, I have waited quite awhile for this ordered vehicle.
    I would be terribly disappointed if BMW can't honor the two positions conveyed to me -at the dealer- $1500 credit because I ordered in Dec, and the MF at the time of delivery, if it were lower. It woudl be total news and a change in position when the car comes in and find these two points don't apply. I wonder if this isn't BMW closing the proverbial barnyard door afterwards. I guess we'll see.
    As for BMWs, the handling and braking are quite good. But my first leased BMW was in the shop nearly 3 weeks, twice, for lack of parts. My second leased BMW had other issues, systemic on powering down, and I couldn't even get a loaner. So, I'm really hoping the service and support will be different this time. Several of my friends did not get BMWs -- they considered -- when they saw what I went through with the other two vehicles.
    And, on this vehicle, after an error, and it had to be reordered, it was rushed into production with no handle on the Christmas delays; with this lack of BMW coordination, the rush into production was a tease, as weeks then went by, no attempt to merge quick production with shipping.
    So, in conclusion, I'm hoping, on delivery, to get off to a good start on what was conveyed to me on the $1500 cash back, and the money factor.
    Thanks for your kind interest.
  • bgardinerbgardiner Member Posts: 19
    Got the following quotes from dealer here. says there is "no more room to wiggle" I am calling BS though. CarMan, what do you think. All are 2011 all with cold weather and premium package.

    528 w/o zenon
    MSRP 51975.........Cap cost 49,730.................mf.00165(I am returning leasee with bmw) resid 58%

    528 with zenon MSRP 52875......cap 50,550.....resid and mf the same

    535i msrp 56175.....cap53595....resd and mf the same.

    All have acq fee of 725 and additional cap cost 975. not sure about either of those payments for all in order.
    754.87
    766.11
    808.54

    there is also annual fees of 120 on worksheet. Can you guys give me any feedback, i am deciding in the next 2 weeks
  • ras912ras912 Member Posts: 18
    You are getting the typical sales person BS and I would stick it to the dealership and tell the manager to make good on the representations his sales staff made. They are all quick to say you get the holiday cash and the best MF that is in place at time of delivery or time of order -- but car man and the others are correct, that's not how the national leases go. I'd try to get the dealer to eat the 1500 as a reduction in the msrp and use the mf in place at the time of delivery. It'll be a hard sell but if you tell them that was what was conveyed, etc. you should have a fighting chance. The salespeople will claim "oh, i'm not the finance guy, that's their rule" but make it the dealership's problem - not your's. Good luck, friend.
  • asteinbergasteinberg Member Posts: 138
    Thanks for your encouraging note. There has not been any runaround (yet). Only looking at this site, I was stunned to hear of BMW national possibly subverting representations to customers like myself. My car is due for delivery in early Feb after a long delay, and I've been very patient and dealing with borrowing/renting cars (after the first vehicle arrived with stick, not automatic (I didn't specify either and wrongly assumed automatic was the default); and the second vehicle was not moved in time for shipment. I honestly and truly feel I'm entitled precisely to what was told to me specifically and unambiguously by the dealership, on which I relied: the $1500 holiday discount due to when I ordered, and the MF at the time of delivery, and that's what I intend to confirm when I pick up the car. The holiday discount was not for vehicles in stock, but for vehicles in stock or ordered during the holiday period. In the past, I've found BMW, unlike other manufacturers, shifts almost everything to the dealership. I think it's a BMW national problem, and BMW should get its act together. I would expect the dealership to make good on the representation to me; that's the way I would do business. But, as you suggest, they may blame it on BMW national. I've seen this "good cop/bad cop" routine in the past. I hope this works out. I don't want to waste time highlighting this issue with car columists, consumer reporters, and putting it on the litigation track.
  • ras912ras912 Member Posts: 18
    On 1/3 I worked with a bmw center and placed a financing application with BMWFS to lock in holiday credits, etc. A few days later we agreed upon the car to be ordered and the selling price. All was good and I was treated fairly. I did not sign a sales order -- only a credit app -- and did not put any money down. I now just had a change of mind and want to order a different model BMW (roughly similar MSRP). I know I will have buyer's remorse if I stick with the original. Estimated deliver for the one I had spec'd was end of Feb so it's still early in the process. I plan on calling the dealer on Monday to work through this. Can anyone give me any advice, words of encouragement, etc. on how to handle this process but not get taken advantage of in the process. I know I'm not the first person to change their mind and it's just two week's into the deal but I want to be fair to all involved. Specifically I want a discount from MSRP and I want fair lease terms. I'd previously qualified for the holiday cash -- would that still hold true if I changed to another model BMW even though my app was filed on time with BMWFS? It's probably not the end of the world if I don't get the holiday cash because of the inflated lease rates to cover that -- but regardless would be interested in anyone's advice. Thank you.
  • cmbnjcmbnj Member Posts: 2
    Not sure if this will be helpful, I picked up my new 528i in early December and feel I did pretty well as far as a deal.
    They started out wanting $3,500 out of pocket to start my lease. Did not want to put any dollars out of pocket because I still had 3 months left on my old lease and needed to pay it off and return it. So I ended up with $760.00 total out of pocket and $760.00/Mo. The msrp as built was around $51,000. I went with the Dakota leather heated seats/premium package, iPod adapter, Navigation, SAT Radio. It's not a great deal as far as the monthly payment, think $760 is pretty typical for this vehicle, I just beat them down on the up front fees. Hope this helps- Good luck!
  • cmbnjcmbnj Member Posts: 2
    My advise would be to go ahead and change your mind as it is still early in the process. Tell them if they don't make the change there is no deal and you'll move on- you have nothing to lose as you did not sign a lease doc or put any money down. This is also where they got you.....in order to get the "Holiday Credit" which went from $1500 TO $2500 as Dec. ended, they will tell you that your not locked into that deal because there was no signed deal or deposit. That gives them the wiggle room to have $1500 to play with in their favor. I am very surprised that they even ordered the car with no deposit?? They might also know they can get the vehicle from another dealer at anytime and be able to produce it when you ask if it's in yet!
    Let us know how you do-
  • x021627x021627 Member Posts: 152
    Payment(s)/Price seems high. You should be able to get about ~7% off MSRP, especially if there are many other dealers in your area.

    Annual fees? I'm paying under $700 for a 2011 535 x drive with premium, navi, cold package, fold down rear seats, satelite radio. Now, I did get the holiday cash, but the pricing I was getting was VERY competitive prior to that.

    Good luck!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi bgardiner. First off, the dealer appears to be marking up these cars' money factors a little. The 525i's current buy rate for loyal customers is .00145 for consumers who qualify for its top credit tiers.

    As far as the selling prices that you were quoted go, this car probably has a spread of around $4,000 between its full MSRP and its dealer invoice price. This probably puts the deals that you were quoted at $1,500 to $2,000 over invoice. There's a decent amount of meat still left on that bone. It probably wouldn't hurt to comparison shop with another dealership or two if there are any others in your area.

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  • barkowbarkow Member Posts: 5
    I have two months before my lease is up and want to purchase ( not lease) a new 535i. I am trying to decide if i should wait till it gets closer to get a better deal on inventory or order the car now for future delivery. There are 5 dealers with 100 miles. I am interested in Dark graphite metallic with probably two of the premium packages or the first premim package with a few options.

    As to pricing, one of the dealers said they will offer 4% off MSRP if I order and 5% if I buy off the lot. This seems to still be high as a recent post from car man stated that 1500 to 2000 over invoice "leaves a little meat on the bone." Anotehr person posted that you should be able to get about 7% off Msrp which seems to be only 600 -7-- over invoice. Is this attainable?
  • bigwave12bigwave12 Member Posts: 1
    Aloha Car man! I'm a first time BMW wannabee leaser and looking for advice. We only have one dealer on the Island of Oahu so shopping around isn't really an option unless I look in California and then have to work shipping. Was looking at a 2011 535I....36 mos lease. Being the only dealer in town do you think I have room to negotiate and how do the following rates and cost factors look to you? Retired from Military a few years ago so not much experience in buying or leasing new cars...always brought used...smile. Sure would apprecaite any help/advice!! Thanks much!! Note: when I was looking at MB E350, (again only one dealership, they wouldnt budge past MSRP...the dealers have a captive audience here)

    MSRP is $57,375
    Rate: .00215
    Miles: 15,000 (thinking I just need 10-12k)
    ACQ fee: $925
    Fees , taxes and Doc fees are $2119 total
    Init Payment $1296.61
    Residual: .59
    Adj Residual: $33,851
  • jmgoldsmithjmgoldsmith Member Posts: 18
    The lease on my 2008 528i ends in March, so in December I ordered a 2011 528i, so I would be eligible for the $1,500 holiday credit. At the time the order was placed, the terms of the new lease were (based on a 3-year lease with 12,000 miles / year):
    MSRP: $55,075
    Invoice: $50,665
    Selling Price: $51,265 (includes MACO & Training Fee)
    Acquisition Fee: $725
    Money Factor: 0.00230 (5.52%)
    Total Monthly Lease Payment: $819
    Total Drive-Off Cost: $31 (after $1,500 holiday credit)

    In January, I learned that the Money Factor for existing customers dropped to as low as 0.00145 (3.48%). When I addressed this with my salesperson, he indicated that he could offer me the lower Money Factor, but that I would no longer be eligible for the $1,500 holiday credit, and that the selling price would increase. So, with the lower Money Factor, the proposed lease terms are:
    MSRP: $55,575
    Invoice: $51,125
    Selling Price: $51,725 (includes MACO & Training Fee)
    Acquisition Fee: $725
    Money Factor: 0.00145 (3.48%)
    Total Monthly Lease Payment: $748
    Total Drive-Off Cost: $1,460

    Over a 3-year lease period, the lower monthly lease payment is worth more than the $1,500 holiday credit. But, what I want to know is why I'm not eligible for the original lease terms (see above) and the lower money factor, since I placed my order in December (including a $1,000 order deposit), but won't take delivery until March? That combination would yield the following lease terms:
    MSRP: $55,075
    Invoice: $50,665
    Selling Price: $51,265 (includes MACO & Training Fee)
    Acquisition Fee: $725
    Money Factor: 0.00145 (3.48%)
    Total Monthly Lease Payment: $741
    Total Drive-Off Cost: $0 (after $1,500 holiday credit)

    Please advise. Thanks.
  • kyfdxkyfdx Moderator Posts: 267,528
    You are going to hate this answer....

    But.. it is what it is..

    The holiday cash was in place, with them knowing what the lease rates are... They are one program...

    Now that the holiday cash is gone, they are offering lower money factors to make up for it.. It's how they choose to offer an incentive this month.

    It would be great to get the holiday cash and the lower rates.. but, you can't.

    regards,
    kyfdx

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Aloha bigwave12. Unfortunately, the lack of competition in your area definitely puts you at a disadvantage during negotiations. Hey, that's a small price to pay for living in paradise, right :)?

    The dealer is definitely marking this car's money factor up some. The buy rate for non returning BMW customers is only .00175. This is a fairly typical move though. Dealers in areas that have a lot more competition than yours do this sort of thing all the time. Try to get them to use the buy rate, but again given the lack of other dealers in your area you might not have any luck. Still, you don't have anything to lose by trying.

    The same things goes for the $925 acquisition fee. BMW FS' base fee is $725.

    Lastly, you need to figure out what the dealer is charging you for this car. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Ideally, you don't want to pay full MSRP for this car.

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  • cmdabcmdab Member Posts: 21
    What are your thoughts on the deal I was offered for a 2011 535i?

    MSRP: $57,625
    Invoice: $53,020
    Selling Price: $53,964 (includes tax, tags & title, & processing fee)
    Money Factor: 0.0028 (The dealer told me its .00231 if I put down 7 MSDs, so I'm assuming this equals a MF of .0028 with no MSDs - let me know if I've miscalculated this)
    Term: 36 months
    Miles/year: 15,000
    Total Monthly Lease Payment (with $3000 down) according to the dealer: $819

    When I run the numbers using the above figures (using a cap cost of $50,964, after subtracting $3,000 down payment from the selling price) I get that the monthly payment (with $3,000 down) is $766.34. Any idea why I can't get the numbers to produce the $819 monthly payment quoted by the dealer? At first I thought I hadn't accounted for taxes, but I live in VA and the taxes have already been factored in the purchase price. Please let me know if you have any thoughts. Also, what are your thoughts on the deal itself (selling price, MF, etc.)? Lastly, doesn't the MF exceed the amount that BMWFS allows dealers to charge above the base money factor? Thanks.
  • x021627x021627 Member Posts: 152
    The base rate for a 2011 535 is .00175, so I don't understand where you got your number from. I would just ask the CA to see the screen they are punching numbers into it. I did. Are you using the correct residual %? You are probably not adding some things into the capitalized cost that should be and that is part of the issue. If you do the max deposits you would be able to deduct another 49 basis points from the base rate.

    Good Luck!
  • cmdabcmdab Member Posts: 21
    Thanks. I'm using .0028 as the money factor because the CA told me that if I chose to do 7 multiple security deposits (which I am not doing) the MF would be brought down to .00231. I added .00049 (7 MSDs) to .00231 to get the MF with no MSDs. I am also using the 56% residual ($31,710).

    The printout I received from the CA shows the following:

    MSRP $57,625
    Discount -$4,420
    Difference $53,205
    Tax $1,716.93
    Tag & Title $63.75
    Processing $479
    Total $55,464.68
    Rebate $1,500
    Balance $53,964.68

    Are there additional costs that I'm not accounting for?
  • mrcampmrcamp Member Posts: 7
    I am looking at the 535i Xdrive with the following options (I am in The NW surburbs of Chicago zip 60102)

    - Premium Package
    - Premium Package 2

    Invoice - $55,185
    MSRP - $59,975
    TMV - $57,481

    Purchase is within the next 3 weeks. I plan on using the invoice as my negotiating point. May be to possible negotiate to around $50K - $52K. Is this a possibility. Can others with similar specs please post what they paid?

    Thanks
  • 535xi23535xi23 Member Posts: 1
    just placed an order today which will be delivered in a few days. 535xi metallic, premium and premium 2 package. MSRP 60,525, final price 55,925, 4,600 off MSRP. So I think that is very close to the invoice (55,885). I live in NJ.
  • mrcampmrcamp Member Posts: 7
    Yeah. Invoice price or may be a little bit above or below seems to be what most folks are getting. I will certainly use invoice as my negotiating point. Thanks for the update.
  • carkrazy786carkrazy786 Member Posts: 7
    Hey Everyone,

    I am looking to get lease within the next week or so here are the deals let me know your opinions please!

    Is this a good lease MSRP is 62887 589 p/m 4000 down and I pay the taxes up front 10k per year and 36months it has P2, sport and convenience, packages (I live in Glenview a suburb of chicago)

    Side note its between this or a E350 4matic same down and taxes put payment is 498 and for 2 years (including 2 year service)

    Let me know your thoughts

    Thanks Any Advice would be greatly appreciated.
  • x021627x021627 Member Posts: 152
    It is never a good idea to put money down on a lease. If the car happens to get totaled in an accident you have no equity in the car and will lose the $4K. Better to bargain for the best price. Did you think about making multiple security deposits? If you do, you can lower your MF by .00007 I think for each one up to a maximum of 7. That is money better spent.

    Good Luck. I have a 535x drive (f10) and I LOVE It!
  • carkrazy786carkrazy786 Member Posts: 7
    I've never heard of Multiple security deposits could you explain how that works. I know the basis of it. Theoretically I would get that money back at the end?
  • ras912ras912 Member Posts: 18
    See this post: http://f10.5post.com/forums/showthread.php?t=476977

    Basically, under lease terms, there are certain items you may owe the leasing co for (excess wear and tear, milage, etc.) and you are, theoretically, responsible for regardless of if you have made any secuity deposit -- so you would end up putting money out either way. With MSDs, you are just loaning the elasing co the money for the term of your lease and buying down the interest rate you are paying on the lease. It makes complete financial sense.
  • x021627x021627 Member Posts: 152
    Yep, financially, if you can afford it, it's money better spend and it's returned to you at lease end. Not a bad deal. Your $4K would be better spend doing this and lowering the interest rate 49 basis points instead of making it a down payment. Yes, you are buying down the interest rate, but unlike when you pay points when you do sometimes on a mortgage, where you can deduct from taxes in some cases, but you get your money back.
  • carkrazy786carkrazy786 Member Posts: 7
    Thanks guys with all your help I was able to get the MF to .00023 and the payments came to 540 a month and a really good residual!! Thank you all so much!
  • asteinbergasteinberg Member Posts: 138
    Please supply for 2011 535i MF and residual for 12,000, 15000 miles, and also for returning (loyalty) BMW--I turned in leased BMW 4.5 months ago. Also, I will then do multiple security deposits.
    (Also, I intend to hold BMW to dealer commitment of $1500 BMW cash if ordered by Dec, but MF would be MF when car arrives, if MF lower then; my BMW just arrived at dock)
  • x021627x021627 Member Posts: 152
    Great news! Enjoy!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey asteinberg. BMW Financial Services' February buy rate lease money factor and residual value for a 36 month lease of a 2011 535i Sedan with 15,000 miles per year for loyal customers are .00145 and 56%, respectively for consumers who qualify for its top credit tiers.

    Unfortunately, BMW's current lease program is not compatible with the $1,500 holiday cash that was available when you originally placed your order.

    Car_man
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  • ajax14ajax14 Member Posts: 1
    I am a repeat BMW lease customer. Currently lease 2 BMW's and I am looking to replace 535 with a new 535 or 550
    Does somebody know the current lease factors and residuals for BMW 535 or 550?
    36 month lease - 12000 miles - repeat customer
  • jrothen4jrothen4 Member Posts: 6
    Potential new 2011 528i or 535i lease. Looking for the current MF and Residual for both vehicles with 12k/yr for 36 months.

    Went to my local Vegas dealer and was able to get the following on a 528i with Convenience pkg, both Premium packages. Walked out since I felt they could bring me below $700/mo and because we also couldn't work out a deal on getting rid of my 08 Acura TL with 3 lease payments left, which I'm willing to keep and wait.

    MSRP- 54,325
    Sale Price- 51,065
    Doc & Title fee- 450
    They want 2k down. (I want 0)
    MF- .00230
    Residual- 58%
    Local sales tax of- 7.75%
    Paying off Acura- $1400 (Again, I told them I refuse to have those payments rolled.)

    The lowest they could go was 740/mo before I left.
    Where are they getting me? Is there room left to beat them down on the MSRP? I think in the MF. Is there a way to negotiate the MF lower?

    Thanks in advance for any input.
  • topaz9986topaz9986 Member Posts: 8
    1st, let me say great job on getting 6% off MSRP. How hard did you need to push as my local dealer in NC wont go any higher than $2,000 off an MSRP of slightly over $55,000. This is mainly due to little to no competition in my market.

    The one question I have is why are the leases on the 5 series are so high right now. My friend recently leased a new M37s for $650 a month with a total of $650 down (39 mos, 12k per year) with a 54,500 MSRP. I take it they are highly discounting the M's which is why they can offer such a competitive deal right now (and they may not be selling well). I am just finding the local BMW dealer not willing to discount as much as others I have seen on this forum.

    Your deal looks real good to me. I read on some other posts in this forum about giving multiple security deposits to lower money factor, but not sure if that is of interest.

    Good luck!
  • mrcampmrcamp Member Posts: 7
    I agree. Competition plays a key role in how one can negotiate. I payed 6.5% below MSRP here in a suburb of Chicago. The dealer first came back with 5.5%, then I told him the other dealer 20 miles away is offering more than that, which the actually are, but the are further out than this dealer who is only 5 miles away.

    I bought a 535ix with premium, premium2.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi ajax14. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 535i Sedan with 12,000 miles per year are .00145 and 58%, respectively for loyal customers.

    The numbers for an otherwise identical lease of a 2011 550i Sedan are .00155 and 55%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi jrothen4. The selling price that you were quoted looks good, but the money factor is too high. BMW FS' current buy rate lease money factor for the 2011 528i Sedan is 0.00145 for loyal and .00175 for non-loyal customers. See if you can get the dealer to use this factor to calculate your car's payment.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • isinghisingh Member Posts: 13
    Hi - I find this forum invaluable. Immensely useful.

    Does anyone know about the pull ahead program for a 2008 528i? Is it 3 months? 6 months? I heard that mercedes allows for 6 months.
  • isinghisingh Member Posts: 13
    Anyone using a car buying service called Cartelligent in the SF bay area? Please post any good or bad experiences.
  • robfloridagoldrobfloridagold Member Posts: 15
    You guys were really helpful when I did a European 650i -- I have had 2 BMW's through BMW NA -- nothing in the past year - what discounts - money rate do you think I would get on 10K 36 months.

    Cheers

    Gordon
  • mdriveromdrivero Member Posts: 29
    edited February 2011
    I was quote the following:
    528i Space Gray Metallic
    Dynamic Handling
    Premium Package + PP 2
    Sport Package
    Sport Automatic with paddles
    Xenon + Adaptive

    Total MSRP: $57,775

    36 month lease with 12K per year.

    Monthly payment $755 + Taxes. South Florida.

    Total out of pocket: $1,853.00

    Need your opinion. The car need to be ordered. Thank you.
  • robfloridagoldrobfloridagold Member Posts: 15
    Doesn't sound a bad deal - which dealer are you using?

    Gordon
  • mdriveromdrivero Member Posts: 29
    Vista BMW in Coconut Creek
This discussion has been closed.

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