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5 series lease: is this a good deal

ProfessorTansProfessorTans Posts: 3
edited May 8 in BMW
Thanks moderators and other experts here,

$58,695 MSRP
$53,340 selling price (does not include lease incentive)
$3,500 lease incentive
60% residual ($35,217)
.00165 money factor

36 months
10,000 miles per year
$0 down
Taxes included
$610 per month

Live in WI; this is from Chicago area dealer on 530i xdrive with convenience package.

Is this a good deal?
Is there something else that I am missing?

thanks again.

Comments

  • MichaellMichaell ColoradoPosts: 107,413

    Thanks moderators and other experts here,

    $58,695 MSRP
    $53,340 selling price (does not include lease incentive)
    $3,500 lease incentive
    60% residual ($35,217)
    .00165 money factor

    36 months
    10,000 miles per year
    $0 down
    Taxes included
    $610 per month

    Live in WI; this is from Chicago area dealer on 530i xdrive with convenience package.

    Is this a good deal?
    Is there something else that I am missing?

    thanks again.

    $0 down, or $0 due at signing?

    What is the adjusted cap cost the dealer is using for that quote?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • ProfessorTansProfessorTans Posts: 3
    Michael: thanks for replying. This is the email from dealer:

    “$0 meant no money to reduce the payment or cap cost reduction. For the due at lease signing, it would be the first months payment, $179.81 Illinois documentation fee and whatever the Wisconsin registration costs would be.” 

    Thanks
  • kyfdxkyfdx Posts: 116,504

    Michael: thanks for replying. This is the email from dealer:

    “$0 meant no money to reduce the payment or cap cost reduction. For the due at lease signing, it would be the first months payment, $179.81 Illinois documentation fee and whatever the Wisconsin registration costs would be.” 

    Thanks

    .00165 MF and 60% residual
    $2500 lease credit

    If I subtract the $3500, then add $925 acquisition fee, result is $574/mo+tax.
    That looks about right, if we include WI taxes.

    About 9% off before deducting incentives. No markups or garbage fees. Seems like a solid deal.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Here is another quote: 

    5 series, 530i xdrive, convenience package, and some other bells/whistles 

    MSRP 60545
    discount: 5950
    lease discount 3500
    Residual Value: 36327
    mf .00165
    amount due at signing: 1342.15- includes 1st month payment and fees(which I don’t completely understand yet)
    36 months, 10k miles
    monthly payment: 611.35
    Live in WI.


    is this a good deal?
    what am I missing?
    do others here recommend excess wear and tear lease protection? Is there anything else that the dealer is likely to sell to me at time of signing that is worth it?

    thanks a lot

    Tans
  • MichaellMichaell ColoradoPosts: 107,413

    Here is another quote: 

    5 series, 530i xdrive, convenience package, and some other bells/whistles 

    MSRP 60545
    discount: 5950
    lease discount 3500
    Residual Value: 36327
    mf .00165
    amount due at signing: 1342.15- includes 1st month payment and fees(which I don’t completely understand yet)
    36 months, 10k miles
    monthly payment: 611.35
    Live in WI.


    is this a good deal?
    what am I missing?
    do others here recommend excess wear and tear lease protection? Is there anything else that the dealer is likely to sell to me at time of signing that is worth it?

    thanks a lot

    Tans

    $582/mo plus tax, so in the ballpark again.

    Pass on the excess wear and tear.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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