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BMW 5-Series Lease Questions
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I finally buyout my 530i with 31K (orig residual value 35,300) w/o CPO certificate
Spec:
2007 530i
sport/premium pkg
30K total miles
Add 2k for CPO certificate
I was offered a new 2009 535i for
2500 total drive off for $585.
5000 total drive off for $509
Premium and Sport package with iPod.
36 mon lease, 12k miles/year.
MSRP: 57,625.
Let me know what you guys think. Let me know soon as I have to go pick up the car tomorrow. I am located in Diamond Bar area. Thanks in advance!!!
Thanks to comer98's post, I learned the pull-ahead program. Thank you, comer98.
So here I just leased a 2009 535i, 36 month, 12k/yr:
MSRP: 56,400
Purchase Price: 52,500 (3900 off)
Cash Incentive: $2500 + $1500
Residue: 60%
Money Factor: 0.00126 with 7 Multi-Security Deposits (0.00175-0.00049)
Bank Fee: $725 ( 1st month payment and all fees rolled into monthly payment)
ZERO out the door, except $4550 in MSD deposits.
Monthly Payment: $572
Monthly Payment with tax: $622
I am already over my mileage allowance on the X3, with 2 months to drive. So I am very happy to turn in the car early w/o penalty. Plus, I am able to beat CA's May 19th cutoff date for the new registration increase.
Yea or nay?
Also, which dealer did you go to.
To answer your question, yes and no.
Yes, I did get more cash ($1500) from BMW as a return lease customer, I am not sure if it has to be a X3 customer.
No, the discount I got from the dealer ($3900) has nothing to do with me as an existing customer.
Actually I could have squeezed a couple hundred more if I insisted.
Irvine BMW almost offered me the same price on the phone, I didn’t bother to go there to try to save a few bucks.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
'09 528i
Titanium Silver
Black Leather
Sport
Nav
Xenon
MSRP - $53775
Selling Price - $47573 (after $2500 rebate)
Sero down, drive-offs only
$558+ tax
Does this sound like a good deal?
What was the mileage you got per year?
premium, xenon, heated seats, iPod
MSRP 50,825
Price 48,425 (2400 off + conquest $ additional deduction) Is there another $1k the dealer gets on 5's at this time?
$ factor .0023 (which seems high)
36 Mos,/12K per year
$3,500 cash down(inclusive of taxes)
residual 62% (I believe)
lease 599.0 per month
Thanks for your thoughts !
You are aware of all of the incentives that are currently available on this car. It's either the special lease program + $2,500 or 0.9% financing for up to 5 years + the waiver of your first two payments, up to a maximum of $750 each.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Should you need to replace your car's tires prior to lease-end I don't believe that you are required to use the same exact model, but I am not sure of BMW FS' exact policy on this matter.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
As an added note, even if you drive 12K miles per year, I was told that it ends up being cheaper to buy miles from BMWFS before the end of your lease at .15 per miles than to lose residual value for a 12K vs a 10K lease.
used the x3 pull ahead program (had 3 months left on lease) and was over miles by 6k and dented bumper
528xi Arctic Blue with beige leatherette interior
Cold weather pack
ipod adapter
bmw assist/bluetooth
Sticker $50,800, 36 month, 12k miles
Ended up paying $500/month with tax included with $3000 at signing. Around $1700 for the normal fees and first month and an additional $1300 for cap reduction. And they just took my X3 and didnt charge me for miles or the bumper. Thought it was a pretty decent deal for a sick car.
Want to share my understanding.
Did you receive the security deposit for your X3 back from BMW? Dealership does not handle the cost for the dent and the over mileage. BMW will first deduct the cost from the security deposit, remaining balance will be billed to you from BMW.
If you intend to keep the vehicle, run flat is also required for CPO. You are fine if you want to keep the vehicle w/o CPO.
It requires some negotiation before my dealership was willing to CPO my BMW w/o run flat.
Can you tell me what the money factor is for a 2010 550i euro delivery?
I am looking at a 36 month lease with 15K miles per year. The salesperson is telling me that BMW finance dictates a higher euro delivery money factor than the 0.00175. Is that true? Is this negotiable?
Also, what is the lowest euro delivery money factor for a 2010 M5, with the same lease terms?
thanks for your help,
kt
MSRP: $61,845
Cap Cost (or sales price): $58,000 (so he took $3,845 off the MSRP for a car with 3,600 miles on it)
BMW Rebate: $2,500
Buyer cap reduction: $3,500
Net cap cost of the car is $52,000
Money Factor is .00195
36 month lease
10,000 Miles per year
Residual $37,725 (61% of the MSRP)
In addition to the $3,500 cap cost reduction, I am also paying the following:
$650 sec deposit
$637.54 1st payment
$925 Acq Fee
$220 Doc fee
$500 up front tax (not sure what this is yet)
Total buyer cost of $6,432.54 to drive off
It looks like my monthly payments should only be $572.00 + tax (but he quoted me $595 + tax
Thanks for your help and advice!
I would not put $3,500 down
Acq fee is too high
doc fee is bogus
I assuming the upfront tax is the sales tax on the cap reduction.
The acquisition fee is set at $725.00, though the dealer can also mark this up to $925.00, which it seems they have, too.
Got a quote from my current bmw dealer in NJ. My x3 will be end on july 30, 09. dealer offer me to take back my x3 now and exchange a 528xi.
Dealer quoted me:
528xi with prem package, cold weather, navi and bi-xeon head light.
10K per year
$2500 out of pocket which including tax and reg fee and 1st month payment
monthly payment is $590.00 as dealer said.
Is it a good deal? Dealer said the $2500.00 already including the deal and i don't have to make the last 2 payment on my X3.
Please advise.
Thanks
2009 528i - $45,800
ZPP Premium - $2,400
522 Xenon - $900
609 Navigation - $1,900
6AB iPOD/USB - $400
Destination Charge: $825
MSRP: $52,225
Residual 60% ($31,335)
MF: .00175
Term: 36 months / 12,000 miles
- No down payment
- No security deposits
Discounts: $1,200
Lease Cash for 2009 5-Series: $2,500
Incentive for current X3 owners/lessee's: $1,500
Capped fees: $1,474
Adjusted Cap Cost: $48,499
Payment with Tax: $653.47
Up-front fees: $302.49
Rebate Tax: $240
Drive off: $1,213.96
Not included in the deal is the $1,000 rebate I would receive from the BMWCCA if I leased this car.
The fair market value should be $500 above invoice. And I heard BMW of Morovia in Southern California is selling at invoice prices on selected models over the Memorial Day Weekend
Any advice would help......
I'm looking at a 3 year lease/ 15K year in the Metro Boston Area.The MSRP is around $58,570. What should I expect for Monthly Lease Payments?
I heard that BMW is not promoting leases due to residual values??
Thanks
2010 bmw 535xi
Options- m sport, comfort access, park distance, nav, heated rear seats, value package, fold rearseats
Msrp- $63
Lease is $809 for 3 years and 12k miles per year. Only thing not included in price is tax. Which in by comes to 70 a month.
I am looking at a 2007 530xi wagon. Does it make any sense to lease or do you get hammered on the MF and residual? Do you know what the MF and residual would be for this CPO car?
Thanks
My x3 expires on lease in July. I learned the "pull ahead" program from BMW. My original dealer gave me a bad deal, so I was checking around This is what I got:
2009 528i Xdrive
MSRP $52875
15K per year
Out of Pocket $1,000 (including 1st payment)
Monthly payment (including tax) =$606.
I tried to negotiate it down to $575 per month and the dealer won't budge.
They told me that they already "loosing" money for $400. What do you think?
What are the rest of the numbers? With the numbers you have given, I cannot come up with a payment that matches, unless the Adjusted Cap Cost (Selling price of the vehicle including options) is about $400 - $600 BELOW invoice.
Money Factor?
Number of Years for the lease?
Adjusted Cap Cost (Selling price of the vehicle including options)?
Currently, there is $2,500 in Lease Cash for 2009 5 Series, as well as a $1,500 Loyalty Rebate for current X3 owners/lessees. However, you have to act fast, these offers expire June 1, 2009.
Also, don't negotiate the monthly payment; instead, negotiate the mark-up of the car OVER the invoice price. Invoice prices for the 2009 5 Series can be found here:
http://bimmerfest.com/forums/showthread.php?t=309571
Yes, the dealer applies $1500 towards my X3 lease. I can walk out with no penalty.
The car has premium package, cold package, I Pod & USB and Xenon lights, with MSRP of $52875. The dealer applied $2,500 in Lease Cash and $1,500 Loyalty Rebate for X3.
It is a three year lease with 15K per year with $1,000 out of pocket (1st month payment & registration & doc fee) and no other money down.
Accoring to my calculation using a lease calculator, the adjusted cap cost had to be $46,460, depreciation $17,215 and a money factor about 0.0110 in order to meet the $606 monthly figure.
However, I don't believe that the dealer is loosing money and they won't budge to give me the $575 monthly payment that I wanted. I'm still pondering....
I am the first time to lease BMW. I found a demo of 528i 2009 with the package of:
MSRP: 45,800
ZPP Premium Package 2,400
ZSP Sport Package 2,900
416 Power rear sun shade
465 Fold down rear seats
494 heated front seats
508 Park distance control
522 Xenon headlights
6FL Ipod and USB adapter
Net total: 54,700
Destination charge: 825
Total Suggested Price: $55,525
Mileage: 7,600
Lease for 36 months with 1,000/month
monthly payment: $549.47
payments out of door: first payment: 549.47
last payment of $550
bank fee: 725
Tax: $278.16
Total out of door: $2102.63.
Can anyone let me know if this is a good deal?
Thanks for your feedback.
Young
What is the selling price?
PREMIUM PKG
SPORT PKG
COMFORT ACCESS SYSTEM
HEATED FRONT SEATS
NAVIGATION SYSTEM
LOGIC7 SOUND SYSTEM
IPOD & USB ADAPTER
6-SPEED STEPTRONIC AUTOMATIC TRANSMISSION W/OD
Paid only $500 down and lease price is $719/month for 3 years with 12,000 miles/year
Upfront payment was $500 down +1st month payment = $1219
2009 models are scarce but great deals can be had.
The dealer in Arlington was great. Experience in Plano at Classic BMW was awful Manager was a jerk
buyback price: $31187
including $2,500 cash back.
Is it good deal?