BMW 5-Series Lease Questions

zookie

My wife saw this car today at the dealer (her 335 is up in sept) what should I except to pay for a 36 month lease with 12,000 miles a year with no money down? This will me my 6th bmw lease.

mufcmatt

Please car man .....any word on the figures?

bratva

Hi CarMan,

Could you provide with May lease #s for BMW 528, 12k year / 3 year lease

looks like BMW is offering a 1700 option credit, what does this mean? is it additional option to what they have listed on their featured lease (premium, navigation)

thank you!

mufcmatt

Hi kyfdx and Car Man,

Can you guys please publish mf and residuals for May/2011 on the 550xi and 535xi?

I am trying to make a decision and could use the help.

Thanks so much

CarMan@Edmunds

Hi mufcmatt. BMW Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2011 550xi with 15,000 miles per year are .00195 and 59%, respectively for consumers who qualify for its top credit tier.

The numbers for an otherwise identical lease of an '11 535xi are .00200 and 55%.

As a loyal customer, you are eligible for a .00030 reduction in the above money factors.

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CarMan@Edmunds

Hi zookie. If you provide me with the MSRP and approximate selling price, or at least the MSRP and invoice price, of the exact car that your wife is interested in, I would be glad to work up a payment on it for you.

You can find this pricing data over in the New Vehicle Pricing section of this site.

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CarMan@Edmunds

Hello bratva. BMW Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2011 528i with 12,000 miles per year are .00200 and 57%, respectively for non-returning customers.

This money factor is .00030 lower for returning customers.

This money BMW is providing a $1,730 credit on 528i models that are equipped with navigation. I have heard that BMW is doing this because there is a shortage of non-nav models as a result of the Japanese tragedy. Supposedly the non-nav radios come from Japan and the nav radios are made in Germany. The supply disruption has lead to a disproportionate number of navigation-equipped units being produced, so BMW is offering the option for free this month.

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CarMan@Edmunds

Here's the information that you're looking for mufcmatt.

BMW Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2011 550xi with 15,000 miles per year are .00195 and 59%, respectively for non-returning customers.

The numbers for an otherwise identical lease of an '11 535xi are .00200 and 55%.

These cars' money factors are .00030 for loyal customers.

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mufcmatt

Thanks car man.
My dealer is telling me .00235 - .00030 (loyatlty) with a 59% residual for the 550xi
$64,800 msrp
$62,395 selling price......905.29 before tax.
What do you think?

dutchmastah

Hey car_man/kyfdx,

I was offered a 535i x-drive 36 months lease (10K/year) for $428/month with $3,999 down + fees (total out of pocket around $6,500), the dealer told me the MSRP is $53,000. Is this a good deal? Is it possible to lower the out of pocket cost and keep the payment the same? FYI: I am not a returning customer.

Also I have 3 more payments on my Acura, the payoff amount is $20,500 and wholesale is around $22,000, is it a good idea to trade in my leased Acura? I'd rather wait, but the BMW dealer told me this offer will be available only until the end of May. What do you think? Will I be able to find a similar deal in July/August?

Thanks in advance!

bratva

Thanks CarMan,

Does this mean that model with Premium 2 package (it has Nav) qualifies for the $1700 option credit? also, i own a bmw fully paid off..does this qualify me for a diacount on mfr ?

thank you!

CarMan@Edmunds

You're welcome mufcmatt. The selling price that you were quoted appears to be around $2,000 or so over dealer invoice. If this car is equipped with navigation, it is eligible for a $1,730 option credit, putting you at more like $3,700 over invoice.

Either way, there's enough room here that it probably wouldn't hurt to comparison shop a little bit if you have the time. You never know, you may be able to find a dealer that is willing to beat this price.

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CarMan@Edmunds

Hey dutchmastah. It would be much easier to evaluate this deal if you were able to provide us with this car's selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without the selling price, it is more difficult to tell how large a dealer discount you are being given and in turn if there is any room left to negotiate. Let us know what the selling price is, and I'm sure that either myself or another helpful community member will let you know what they think.

If you are able to get any equity out of your leased Acura, it wouldn't hurt to do so.

What you were told about BMW's lease program is sort of correct. Its current lease program is scheduled to run through the end of May. Having said that, there's no guarantee that its June program will be any worse than its current one. It's difficult to say what it will be like at this point.

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CarMan@Edmunds

That is a very good question, bratva. I would assume that vehicles that have navigation as part of a package would still qualify for the option credit, but you'll have to ask a dealer to find out for certain.

One might have to be a current BMW Financial Services customer to be eligible for the loyalty discount, but again make sure to ask the dealer if the fact that you are an owner makes you eligible.

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dutchmastah

Thanks Car Man!

Ok, so dealer just called back, saying that the one they offered was just sold (???), and that particular offer was only available for loyal BMW owners. Is it possible at all that the dealer was offering a deal on one particular vehicle? Just to remind you, the deal advertised was $428/month with 3,999 down+ fees for 535i x-drive.

They offered me another one instead, which is a 535i not x-drive as originally advertised (Premium and Heated Seats only) for $495/month + tax. The selling price is $48,000, MSRP was $53,250. It's $3,999 down + fees. Total out of pocket $5,900
Do I have some room for negotiations here? Can I insist on the originally advertised deal? (The ad is still up online)

PS: What are May's residual and money factor for non-returning customers (535i 10K/yr, 3 years lease)?

Thank you again!

carnut12

Car_man,

Is that accurate, that the 535 is lower residual than 550?

thanks

crmgr

Well, my dealer worked up the new numbers on the 535XI M-Sport with navigation I ordered last month using this month's loyalty money factor and the free navigation. My payment dropped by $28.00 per month for a 36/15K lease. That was at $700.00 over invoice. I'm happy.

mfayw88

Hi Car Man,

I currently have a 2008 535 lease with 2 more payments to go and ~6K over my allotted miles. I could wait til June or July to get into a new 2011 535i lease but not sure what those rates will be.

I'm looking at leasing a 2011 535i with MRSP at $59,225 (Invoice 54,475). I understand that most of the leases/pricing is based on 36 months, but there's a strog possibility that I will be working abroad in 24 months and don't want to get stuck in a 36 month lease. I prefer zero down but could pay $2-4K if it made a big difference in monthly payments. I need a a 24 month lease 10-12,000 miles per year. Any idea on what the the monthly payments should be based on May lease #s. I'd appreciate any insight or advise that you can provide.

jlo331

HI - I am about to lease a new 2011 535 to replace my 2008 535 (lease ends June 8). I have started talking to dealers looking for a 535 with convenience and Premium 2 package - the quote i received doesn't match up to the math - what am i missing? What should i be factoring in that is non-negotiable (ie transportation fee, documentation, etc)

Also, i'm a little fuzzy on how the option credit figures into this quote and how I can use this to my advantage. Any advice is greatly appreciated!

Quote: (based on convenience, Prem 2, smartphone integration):
Sticker: 59.5
Selling Price: 56.5
Residual: $34,524.50
Their numbers: $804.43 (incl CA tax) with $3000 down (12k miles / year)

When i calculated the numbers, I come out to $810 / month (incl tax) WITHOUT any money down. I know I'm missing certain costs so wondering....where do i go from here?

nlezzo

I know all you guys are always wondering on what other dealers are offering for leases....

I just signed paper work today to order a 535 xi with premium 1 package, heated front seats, navigation, ipod adaptor and sirus radio.

MSRP was 59,000.
Car was sold for 500 over invoice.
With NJ taxes and 4000 out of pocket
on a 36 month 10k lease my payment comes to $670 a month......and they even are eating my last payment on my old 3series coming off lease.

What do you guys think? Does this seam like a reasonable deal?

p33ewing33

Hey car_man/kyfdx

The lease deal i was offered for 528i msrp 52625 (premium 1 and premium 2) for 36 months and 12k miles per year was this and i am not sure if it is a reasonable deal. They said they were taking about 3975 off of the msrp initially.

1420 down payment
2495.04 total out of pocket including inceptions
675 including tax would be my monthly payment

they said if i want to put down multiple security deposits which would total 5200 and yield a total of 7653.59 out of pocket that my payment per month including tax would be 634

what do you guys think?

thank you so much!

bander2586

Looking for money factor and residual on 2011 550i 36 month lease at both 10k/yr and 12k/yr.

Sorry if I've missed it some where.

bratva

Car_Man, I wanted to get your opinion if i am getting a good deal

2011 BMW 528

MSRP: $56,525
Sell Price: $51,000
MFR: 0.002
Bank Fee: $725
term: 36 months
miles: 30k
residual: 58% (or 57% with 12k)

payment: $735.xx (10k) or $751.xx (12k) this is with tax.
my tax is 9.25%

I pay 1st month, license/registration and bank fee (thats all in my driveoff) $2300 (or so)

is this good?

chocoship69

Hi,I am Planning to lease a 528 or 328 BMW not sure yet but This is the first time I will be leasing a car,I have read a lot about leases rules,money factor,residual etc but I have never see anybody talking about credit score for leases.

which is the minumum credit score you will need to be approved ?My score is in the low 7 but I do not want do a qoute without been sure I will be approved.

any advise please

bratva

picked up my car yesterday.... somehow they offered me a lower MFR 0.0019 instead of 0.002 my payment dropped to $726.xx instead of $735.xx (10k miles) so i am happy

here is a breakdown

2011 BMW 528 (Premium, Premium 2, Sport Package, Xenon, BMW Apps, Metallic Paint)

MSRP: $56,525
Sell Price: $51,000
MFR: 0.0019
Bank Fee: $725
term: 36 months
miles: 30k
residual: 58%
payment: $726.xx (with tax)
sales tax: 9.25%

down payment: $0.00 (I paid bank fee upfront in the driveoff)

elspaniard

2011 550xi awd - Premium Package 2, Sports Package, Dynamic Handling Package, Sport Auto Transmission w/ paddle shifters,fold down seats, skibag

MSRP: $72,550
Sell Price: $69,750
MFR: 1.95
Bank Fee: $925
term: 36 months
miles: 12k
residual: 61%
payment: $987.99(with tax)
sales tax: 6.25%

Down payment:$2,454.79

hannanhoward

Not that great

Just signed (pick up friday) on a 550xi with 72k MSRP with 3 years / 15k miles, 8.375% tax rolled in with 1st month down plus delivery charges for total of $2200 for $900 flat. I did have BMW loyalty program and multiple security deposits to reduce the money factor, but you're about $50-60 above ideal for that car

bestphotog

I am picking up my 535i tomorrow

this is the lease deal that i got

4000k down

$550 per month including taxes for three years 12k miles.

car has all the options

hope is a good deal

bestphotog.com

harry28

Sounds like a deal that's too good to be true. Is the car new or pre-owned?
Where did you get that deal. I'm in the market for a new 528 lease and the numbers for that are higher than that where I live.

bestphotog

Harry ,

This is a demo car with 8000 miles on it

drmike2011

Trying to lease a 2011 550i. Here are the details:

36 months / 10K miles
MSRP = 72,700
Dealer Discount = 4,500
Trade-In = 7,000
Initial Down Payment = $4400
Residual = 62%

Dealer quoted me monthly payments at $712, taxes included.

Fair deal, or should a negotiate more? I thought the dealer could potentially go to mid- or high-600s. This is my first lease, so all this is new to me. Any help you can offer would be great!

bestphotog

negotiate further... 2012 cars are on their way. they have to make space

bestphotog

remember , 4400 /36 = 122.22

122.22 + 712 = 844

now you decide , buy or lease. and if lease with residual value. i would say ,instead of 844 , it should be in the range of 750 or so.

ntlwhsle

Hi Carman,

I wanted to know if you have the residual and money factors for June for the 535 and 550 models. Also do you know how much the money factor will drop putting multiple security deposits?

Thanks!

Dan

ntlwhsle

I almost forgot.. for 15,000 miles!

thanks..

CarMan@Edmunds

Hi Dan. BMW Financial Services' June buy rate lease money factor and residual value for a 36 month lease of a 2011 535i with 15,000 miles per year are .00195 and 56%, respectively for consumers who qualify for its top credit tiers.

The numbers for an otherwise identical lease of an '11 550i are .00195 and 59%.

These factors are .00030 lower for loyal customers.

The last time I checked, BMW FS provided consumers with a .00007 money factor eduction for every additional security deposit they make, up to a maximum of seven.

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mbusa550

Would you mind sharing the sales price? I know I can back into it but I dont have the May lease #'s. I may lease a 550xi M sport (deciding between that and MB E550), just trying to see what a good sales price is for this car right now. Thanks.

Slightly off topic, but any opinion on the M Sport package also welcome. Seems overpriced but somewhat nominal at these prices.

acurious

Hannanhoward, I have the 2010 m sport pkg on my 535i. Can't live without it. Great option for added perf. My Dad's MB 2007 just came out of shop for cam work and cost nearly 10k. Not hot on MB. I'm sure it's not on all E classes. Also, I'm not sure but the weight differentials on the two cars you're looking at leads me to believe that the Beamer will delight your driving senses much more. Maintenance for my beamer so far is $0.

ntlwhsle

Hi Carman,

Thanks for the rates! do you have rates for Tier 2 and Tier 3 levels?

td_inc

Trying to decide between 535xi and a couple other choices (Infiniti M, Audi A6, MB E350)

BMW is top of the list... what do you think about these numbers (initial offer)

2011 535xi - 36/12k
MSRP - 60,625
Sale Price - 56500
Residual - .58
Rate - 1.65 (not sure what that is... no MF or Int Rate listed)
Total Out of Pocket - 4466 (inceptions, taxes, 1st mo)
Monthly - 744.68

Really like to know what monthly payment/money down on a 36/12k 535xi lease should i be expecting. Range wise?

Carman and others... always been so helpful! Thanks again!!

rocky725

You shouldn't make such a large down payment. On a lease you only want to put down the first month payment. I recently got quoted $806 monthly with just first month down using a similar configuration to what you have listed. That's with no negotiation. I think $790 is probably a good deal right now; however, with July 4th weekend approaching there may be new specials coming out.

lawyang

Car man,

Thanks for the updating the June FS information...

Could you help out with cranking out the MF and Residual for a 10K/ yr lease also for a 535i? That should increase the residual yes?

td_inc

Thanks Rocky!

The $4400 was fees and taxes only... but i agree with you in the end I wouldn't even want to put those out of pocket. So if you take that 4400 minus 1st month and add it to the payment, we're really looking at $844 for my first offer.

You think i should be able to ask for $790/month - 1st payment only out the door??
(Still seems high compared to cars in the class... E350/Infiniti M - but i guess you pay a premium for that feel!)

mbusa550

Hi all. As you may know, 550xi lease #'s are pretty favorable in June (61%/.00195 for 12k/36mo) - but I want to order from the factory (I want my exact choices for a $78k car!). My dealer claims they can honor the June program even if it gets worse in July/August (when I will be receiving the car). In the past, other manufacturers (MB) have told me they could NOT do this, and my MB dealer is trying to get me into a E550 by telling me BMW is lying.

Now, I will of course get it all in writing, but I can tell you from being in the legal arena that it would be hard to do anything even with a written statement. So, the real question is this:

Can anyone confirm or deny that BMW Financial will honor a program when the month changes before customer takes ownership, and the program changes?

Carman, seems right up your alley (or anyone else). Thanks for any advice.

bglickman

This was my experience with my current 2010 5 series leased in Los Angeles, and yes, I was able to apply the residual and MF that were offered at time of order, rather than those offers at time if actual delivery. I believe this is standard policy for BMWFS.

mbusa550

Excellent, thanks, and thanks for the fast respone! I am relieved, starting to get excited about the car, and didn't want to be disappointed by another car dealer (long history of problems). 550xi M Sport w/ almost everything. 61% residual is pretty amazing, I haven't seen that on 36 mo lease ever.

kyfdx

BMWFS will lock rates for 60 day from the end of the current month.. 90 days on the West Coast...

Not only will that protect you if the rates go up.... If the rates are better when your car shows up, you can use the program in effect at that time.

hdgator

Does anyone recall seeing a BMW lease incentive for the 2011 5 series in the last month or so that offered a buyout/credit of up to last the 3 months of an existing/ending lease (up to a max of $1,500) for entering into a new 5 series lease? I recall seeing it in the NYTs Auto section last month, but can seem to find any details (dealers, deadline, etc.)?

I thought I saw an ad from at least one dealer, and that it also allowed you to combine it with the navi option credit that is good thru June-end.

Thx

oupetey

Is this a good price for leasing 2011 BMW 535i

MSRP 61,575
Sale Price: 56,475
Doc Fee: 199.50
Total: 56,674.50

36 month
10,0000 miles
Money factor 0.00205
Zero down
Monthly: 783.69

CarMan@Edmunds

You're welcome lawyang. BMW Financial Services' June buy rate lease money factor and residual value for a 36 month lease of a 2011 535i with 10,000 miles per year are .00195 and 59%.

The money factor is .00030 lower for loyal customers.

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