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BMW 5-Series Lease Questions
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Comments
But, if the car is truly used... then it most likely won't work.
If leasing through BMWFS, you'll have to stick with 36 months... they don't support 48 month leases..
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Do you have the Money Factor and Residuals for November for the 528 I Xdrive? Are they different than the October Money Factors and Residuals? I'm really interested only in the 36 month 36,000 mile option, but others might be interested in the balance of the month/mile options.
Thanks!
Thanks for the feedback. It was the owners demo car and they are considering it new. That is why I was considering leasing it. In using some of the MF and residual value %'s I saw in the previous message, it looked like it could be a good deal. Based on a $60k negotiated price, $5k down, I was coming up with a payment in the high $500s. I used the original MSRP as the starting point for the residual value. Am I doing this correctly? BTW, great site. Thanks for the help. Any insight would be appreciated. I was going to talk to them tomorrow.
Not sure of the exact program on this car, but generally...
(Miles - 500) X $0.30
So.. for 9000 miles, you'd have to deduct $2550 from the residual. As you'll see, that will add about $70/mo. to the price you calculated. It could still be a good deal compared to leasing a $70K new model.
regards,
kyfdx
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I'm not sure what CIC 4.0 is... I-drive related? Not sure I'd sacrifice $100-$150 per month for an improved interface..
In my case, my '08 X3 was identical to the '09 model, except for some X-drive badges on the side of the vehicle...
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2010 535i Sedan
Base MSRP $51,100
Alpine White $0
Black Dakota Leather $0
Dark Poplar Wood $0
Cold Weather Package $750
Premium Package $750
Sport Package $2,900
Value Package $0
Navigation system $1,900
Power rear sunshade with rear manual side window shades $575
HD Radio $0
Satellite radio with 1 year subscription $595
Automatic high beams $250
Park Distance Control $750
Destination & Handling: $825
Total MSRP as Built $60,395
I've read most of the previous posts and am prepared to work hard with two dealers. Plenty of time to negotiate, but it would be great have a target. Thanks in advance for help. I feel fortunate to have access to a forum with so much experience.
-john
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When negotiating your lease on this car, make sure to take advantage of the $2,500 cash incentive that is currently available on leases of it. BMW is providing an additional $1,500 to loyal customers on top of that.
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When negotiating your lease on this car, make sure to take the $2,500 cash incentive that is currently available on leases of it into account. BMW is providing an additional $1,500 to loyal customers on top of that.
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For an MSRP of $52,145, excluding the lease acquisition fee, what is a reasonable "negotiated price" of the car if we subtract the $4,000 from that price? I am a returning BMW customer....
Thanks!
Could you please provide MF for 2010 535i, 10K and 36months? Looks like BMW is giving 4000 to existing customers but at the same time increase the interest. Not sure if this is a good deal. Thanks.
fm
I was quoted :
Model: 2010 528i Sedan
Options :STEPTRONIC Automatic Transmission, Cold Weather Package, and Comfort Access System
MSRP $48,375
Months 36
Miles Per Year 10,000
Initial Investment $3,500 + Tax/Fees
Monthly $486/month and 552/month for a 535i with the same options.He quoted the MSRP same for both but the payments different.
Is this a mistake or is this deal a doable one?
Pls let me know as I am new to leasing and has never leased/owned a BMW.
TIA.
Any news if BMW Financial is planning on lowering the MF on 2010 528i 36/10 before the end of the year. Currently is .00245, a little high considering they want to move the remaining inventory before the new 5 hits showrooms.
Thanks,
RM
Also, my lease is up in March. Everyone agree that December is the best month to sign my new deal? Thanks
Can you confirm the current Nov 09 MF and Residual rates are on a 2010 535i sedan? I was told that the Nov rates went up to 0.0028 MF, 60% residual on a 3yr/12k mi/yr lease. That is quite a jump from the 0.00155 Oct MF rate. However, they are offering $2500 cash, plus $1500 loyalty bonus now. I negotiated $1000 over invoice, but they are also adding in $480 in dealer advertising fees. Here is the breakdown:
Base MSRP: $51,100
Neptune Blue, Cream/Blk Dakota, Bamboo
Cold Weather Pkg $750
Premium Pkg: $750
Active Cruise $2400
Comfort Access $1000
Head-Up Display $1200
Heated Rear Seats $350
Multi-Contour Seats $1200
Nav $1900
Power Rear Sunshade $575
Split fold down rear seat $475
Premium Hi Fi $1200
Satellite Radio $595
Park Distance $750
Destination $825
Total MSRP - $65,550
Negotiated price - $57,150
MF=0.0028
Residual=60%
With 2k down, they are telling me $873/mo, 36 mo, 12k mi/yr.
Does that look like a good lease?
Can someone tell me what is the money factor rate for the 2010 535i 36 month lease, 12,000 miles? The dealer here in Dallas,TX is charging 0.00285. I think this rate is a bit high but I need to know if I can negotiate a lower rate.
Thank You
fm
Thank You.
Dallas BMW Girl
fm
also, the MF seems awfully high. Any news on if and when they will reduce that?
I am going from a 3series to a 5 so the 2500 option won't be available to me will it?
thanks!
this car is being repalced in about 3months with a NEW model, and the interest rate is almost 7%. Guys wait it out, wait till december atleast, see if they lower it. Paying that much is nuts. And you should be working FROM invoice, forget msrp. this car is outdated. for comparisons, mercedes is charging .00270 for a new class that JUST came out, vs bmw's 6yr old car. The extra rebate doesn't offset the insane MF.
Mercedes offered a 10k rebate, on the remaining 09 E-classes, while the newbody 10' model was coming out. BMW will at somepoint come out with a hefty rebate. Dont pay too much.
Even with the $2500 holiday cash, plus another $1500 loyalty bonus, it doesn't really offset the 6.72% effective interest. However, my dealer told me that I can lock in during this program, and if the rates go down by the time my current lease is up (Feb 10) and before I take delivery of the new car, (I'm ordering it) - I can take the lower rate if I want.
Probably what will happen is that BMW will lower the MF (maybe) and if they do, the case incentives will disappear. They're not going to give you both, I'm certain. (I'm really bummed about the MF, because my current '07 5 MF is 0.00085!!! (or 2.04%APR).
2010 528i Premium, Cold weather
10K / 36months
MSRP = $48325
Sale price = $45125 (claims $100 over invoice)
MF = 0.00245 Res = 61%
4139 down and 538 a month
First time BMWer. What do you guys say?
010 528i Premium, Cold weather
10K / 36months
MSRP = $48325
Sale price = $45125 (claims $100 over invoice)
MF = 0.00245 Res = 61%
4139 down and 538 a month
First time BMWer. What do you think?
I want to get rid of premium and add backup camera and bump mileage to 12k/yr, and ask to keep the payments same. would this be good?
Thanks!
Do you think BMW financial will drop the MF in December for the 2010s? Right now the MF appears to be crazy high. I believe the current MF charged by BMW Financial is .0024 while most Dallas area dealers are marking it up to .0028 (6.72%). The 60% residual (for 12k miles), state tax credits, holiday cash, loyalty cash, and negotiated purchase price are great on this car right now. However, the extremely high MF is ruining an otherwise good deal.
What is the likelyhood the MF drops in December to move inventory prior to the end of the year with the other vaiables remaining the same?
When do we usually get word of the December numbers?
Thanks in advance for any help.
Negotiating a 3 yr/10K lease for a 535xi with premium, nav, parking control and sat. radio.
Total MSRP: 58220. 61% residual
Original dealer offer was about $2200 down, which is first month, fees and $925 down payment, with monthly payment of $755 (before tax is applied).
Spent a lot of time on this site and emailed another dealer and got a quote for about $708/month for same model but less one option, so $750 less in MSRP price.
Used info with original dealer and when talking with the dealer's general manager, I asked if he knew whether MF would go down in December. He stated that the .00028 MF will remain in effect through 1/4/10, same as the holiday credit.
They just came down to $715/month ($40 drop per monthly payment).
Seem like a good deal if I want to finalize this month?
Could please update all of us on the December Lease Numbers (12k/15k miles) and current incentives on a 528i?
Thanks so much.
As you mentioned, BMW is currently providing a $2,500 cash incentive on leases of this car to all customers plus an additional $1,500 ($4,000 total) to loyal customers.
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It appears as though the dealer that you are working with is attempting to mark your car's factor up to bake additional back-end profit into your deal. See if you can get the dealer to use the buy rate to calculate your car's payment.
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If you are really getting this car for $100 over dealer invoice minus the $2,500 cash incentive that is currently available on it. You can double check to make sure that you are really getting this car for that price by looking up its dealer invoice price over in the New Vehicle Pricing section of Edmunds.com.
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