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BMW 5-Series Lease Questions



  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, speedynk.

    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi m34lnch. What you read is incorrect. The $6,000 "build-out" cash IS compatible with BMW Financial Services' lease program.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hello Carman,

    I'm interested in leasing a 2010 M5 (36 months, 12k miles). Do you have current information on the MF and residual? Also, are there any current dealer or factory specials or programs that I should be aware of?

    Many thanks.
  • speedynkspeedynk Posts: 5
    Hi Car man
    Has the build out cash been increased from $5000 to $6000?
    I also have a general question- how can sales tax be charged (in CA) on a manufactures cap cost reduction which is marketing term for a discount?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Nice car. Here's the info that you're interested in, djaystone. BMW Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2010 M5 with 12,000 miles per year are .00250 and 42%, respectively.

    While this car's lease program isn't great, BMW is providing a solid $7,500 dealer cash on it right now. Make sure to take this cash into account when negotiating the capitalized cost.

    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey speedynk. BMW is now providing $6,000 dealer cash on the 2010 535i. This cash is compatible with the special lease program.

    I am not personally familiar with how sales tax is calculated on leased vehicles in California, but you may be able to find out more information on this subject by visiting one of the following sites: California Franchise Tax Board or California Department of Motor Vehicles.

    Prices Paid: Buying & Leasing Experiences Forum
  • sam911sam911 Posts: 13
    MF and RV 52% eating away the 5000 dealer incentive..
    NJ area
    asked my BMW dealer friend what i am looking at price of 528xi with value package finla price after taking 5000+ 1500 loyalty.
    the price is 45-46 otaly rediculous....the dealer want to keep the 5000K completly
    ( let them keep the car and they do not get the incentive unless they sell)
    sound gready

    might as well I wait for the new 2011 car (at least the RV will be 62 after 3 y)
  • bchipsbchips Posts: 3
    Hi Car_man-

    Any word on MF & Residuals for the following:

    2010 528i

    I was quoted .00250 and 52% for a 36mo/10K miles. Just wondering if that's legit and if anyone has found anything better out there.

    Thanks so much!
  • Wow, what a nice step-up from my 07 530i. So much more power and new creature features. The 07 was non-nav and had Prem, Sat & heated seats. The new boy on the block has Nav, Sport Pack, Prem, Comfort Access, L7 & Rear sunshade, Saph. Black, Nat. Brown.

    The car is significantly quicker. The Nav is interesting and takes a bit of time to really get good at...and I am not challenged by tech, but the new iDrive is definitely different and has a learning curve. I have my phone paired but had double, triple entries and had to really clear out my contacts as it transferred ALL contacts. I have loaded parts of about 14 CDs into the music collection and still have 95% free space.

    Minor observations so far, the iPhone cable will not charge my iPhone 3gs. I am having salesman speak to service as I found a TSB about this. The other strange thing is that the USB port in the glovebox will not recognize my USB stick, thus no upload from USB stick. So I have been transferring in via CD drive.

    L7 sound is significantly improved over my std 07 audio.

    Rear sunshades which I never would have ordered do black out the car pretty nicely.

    I still have to get used to where all the buttons are around the controller and start programming the 1-6 buttons and set up my Sat Favorite stations.

    I'd say that's pretty good progress for one day...too bad I have to go to work soon.

    My deal was described back about two weeks ago on the board. Basically it was the manager's car with 4,000 miles on it and leased for 36 mos at $785 with no money down except 1st, title, bank, DMV fees. 15,000 miles, MF was .0025, Resid. was 48%, Factory discount $6,000, loyalty 1,500 and dealer price about $2,300 below invoice, NY sales tax for me is 8.625. Bottom line car was never titled; had I leased a never used with less features it would have been $780, to me it was a no-brainer.
  • cityboy2cityboy2 Posts: 27
    Sounds like a very nice deal, but what is your monthly payment? I'm looking for the similar model. In what area are you in?
  • rinku666rinku666 Posts: 3
    I recently bought a new space grey/ grey interior with dark poplar trim 2010 bmw 528i premium package, value package, navigation, and heated seats. mileage on car 152.... MSRP: $49625.... selling price $43000 3 year lease with 12000 miles a year....i paid 2000 at signing ( including taxes, registeration, 1st month payment, msc fees.), plus 779 for the leasing protection plan.... my monthly payment came out to be 765.78 per month including taxes and everything. ( I didnt give 5000 at signing, which makes my monthly payment higher, but i gave very little out of pocket).
    Also, im in california our sales tax is 9.75%

    I'm very happy with the car. What do you think of the deal? :) :blush:
  • smithsongasmithsonga Posts: 123
    I am just amazed how different the lease deals are now.

    Back in Dec 2007, we leased a 2008 528i, $52k retail for $600/mth (24 mths, 10k miles/year) with $1800 total due at signing. 7% tax included.

    Now you have a $50k car, selling for $43k and the payment is still $765? Granted, 9.75% sales tax doesnt help.

    I think you got a great price, but the lease terms appear to stink.

    We purchased a CPO 550i with 35k miles a year ago for $35k. My monthly payment is $640 and i have a warranty until 2/2013 or 100k miles.
  • rinku666rinku666 Posts: 3
    edited March 2010
    yeah, the sales tax is pretty steep. The monthly payment before taxes is 690..
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, bchips. BMW Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2010 528i with 10,000 miles per year are .00250 and 53%, respectively.

    When negotiating your lease on this car, make sure to take the $5,000 dealer cash that is currently available on it into account.

    Prices Paid: Buying & Leasing Experiences Forum
  • snake_docsnake_doc Posts: 3
    edited April 2010
    for the last 10 days, so let me do the honors.

    I loved reading the forum threads and the price discussions. My first post here, so go easy on me folks.

    My current lease is due in early May and I'm wondering if the best rebates will be available in April or is it better to wait for May (in terms of manufacturer rebates, more low mileage demos) ? I'm the san fran bay area and very tempted to get a 5 series BMW (528 / 535xi).

    Thanks y'all!!
  • jayriderjayrider Posts: 3,602
    My local bmw dealer puts his demo's up for lease/sale twice a year. Spring and November. Ask yours when the loaners go on the block. Check the new lease payments and see if it's worth it. The new 5 series coming out makes evaluating the numbers more difficult.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Welcome snake. BMW's current lease incentive program is scheduled to run through April 30th. It is difficult to say what its May program will be like at this point. Last year BMW enhanced its April programs for May, but it was not providing nearly as much support then as it is today. If I had to make an educated guess at this point, I would say that BMW's May programs will be about the same as its current one. However, that is only a guess...they could be better or they could be worse.

    If I had a lease that was scheduled to end in early May that I had to replace, I personally would probably play it safe and pull the trigger on a new BMW some time in April, but that's just me. The current program is attractive enough for me to justify getting a new BMW in April.

    Prices Paid: Buying & Leasing Experiences Forum
  • Real simple question (I hope) - In Miami and looking at a 535 with value pack and a few extras for $52k sticker price. With a 60 month lease and 15,000 annual miles, and with current April rebates, what should I be looking at for a good monthly lease payment with as little down as possible ($1000)? I am returning a leased 335 in excellent condition.

    Also, are least terms more favorable withth e 535s currently than with the 335s?

    Thank you
  • mmjonesmmjones Posts: 3
    In reading at the latest posts, I'm curious to know how the dealer incentives mentioned (5K / 6K) apply to a deal I was offered today on a 2010 550i GT:

    MSRP: $74,075
    Negotiated price: $67004
    Residual 60%
    $3000 due at signing (first month payment, 1K + fees)
    Monthly payment plus tax in CA: $962

    For the life of me I can't recall the Money Factor but if anyone can provide input as to if this is a good deal, or not, I would appreciate it!
  • Sorry, this should read 36 month lease, not 60.
  • shyamyshyamy Posts: 23
    Doesnt seem to be a good month for least around here!

    My dealer quoted a mf of 0.0027 and the residual of 51% for 10,000 miles on a 2010 528i.
  • ardentaznardentazn Posts: 14
    Hello Car Man,
    I am interested in the 2010 535i. I was wondering if you can provide me with the MF and residuals. Are those numbers universal (across all dealers)? Thanks!
  • willfinewillfine Posts: 6
    edited May 2010
    To shyamy: Mine quoted those rates on 10,000 miles too, but there are signifcant incentives to make up for that. A $1500 loyalty rebate and $5000 in marketing support to the dealer.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello ardentazn. BMW Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2010 535i with 15,000 miles per year are .00230 and 46%, respectively.

    When negotiating your lease on this car, make sure to take advantage of the $6,000 dealer cash that is currently available on it.

    These programs are national, so they should be the same at every dealer.

    Prices Paid: Buying & Leasing Experiences Forum
  • ghstudioghstudio Posts: 970
    edited May 2010
    You have to really love the 2010 to buy a car that only has a 46% residual in 36 months...and at a rate of 5.52%. The discounts may look wonderful, but if you don't understand leasing, these rates are terrible.

    For example....let's take a 2010 msrp $55000, dealer gives you $1000 off plus the $6000 dealer money down on the lease...your monthly payment will be about $830 plus tax (note: with money down which is how they always want to quote the deal, it will be less monthly, but pretty close to the same overall cost at the end of the lease which is what you really care about).

    Now take a 2011 with $55000 MSRP....same money factor/rate (ugly, but it is what is is), nothing off the at msrp. But residual after 36 months is 56%.(I'm guessing, of way to guess what BMW will put on the car).....but the monthly lease payment will be about $900 a month.

    You might just want to wait for that 2011....and pass up the "wonderful deal" on the 2010.

    The key to this is the residual value. The 2011 should really hold it's value very well based on everything I've read.

    If you are going to compare leases, always compare based on no money down....just the first month's lease payment plus taxes title, registration....nothing else (bank fees, dealer fees, administrative fees all get rolled into the lease). Dealers hate to quote that may take you three tries to get that number from your salesman...but get it. NO MONEY DOWN UP FRONT.....
  • What do you mean they don't want to sell you a car? It sounds as if that is your choice.
  • ghstudioghstudio Posts: 970
    If you are considering leasing a BMW, make sure you understand multiple security deposits and why they are far far better than making a down payment. Don't rely on your dealer to explain....very few seem to even know they exist and most of those who do, don't understand why it's a good deal and try to talk you out of it.

    Yesterday, I visited my local BMW dealer....salesman never heard of MSD's and the finance manager said...oh that's a terrible way to use your money.

    It may be poor for him, but if you are comparing a $4000 down payment to using that same money on multiple security deposits, you would save over $1000 on your lease using multiple security deposits...with less risk, by the way. It's part of the BMW leasing program....just not understood.

  • suznsaxsuznsax Posts: 9
    Hi Car_man - where can I find the June money factor/residual for 535GT?
    Many thanks
  • rich6rich6 Posts: 3
    need help - what is the best lease deal for the new 535 bmw.
  • mjopprumjoppru Posts: 17
    Carman, I could use a little help.

    Dealer is trying to get rid of the final '10 BMW 535 sedans.

    MSRP is $53,375. Residual is 49% on 10K mile lease for 36 months.

    $5995 total drive off with $548+tax/month. Tax is 8.75% in Orange County, CA so the payment would be $596 per month with $6K total down.

    I'm sure I can rework the payment to put less down and get to about $700/month with about $1800 down.

    I'd like to go with a 2010 model over the 2011 because the residual is much lower (about $8K) and the monthly payment is lower. I think I'd like to buy it at the end, so I like this option better.

    Do you have the money factors for June? I think I might be able to steal it.

    Thanks Mark
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