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BMW 5-Series Lease Questions
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Comments
Pick up in Munich: January 14, 2010.
MSRP $50,720 includes added multi-contour seats,$1200, and satellite radio, $595.
Agreed price: $44,110 is $500 over European invoice.
Minus $2500 (BMW). Gave 7 refundable security deposits to lower money factor, equal to 7 monthly payments.
Finally, $546 per month with NJ taxes included.
Drive off includes 1 monthly, $546, aquisition, $725, title fee $305, NJ tire & record fee $355 and my $78 to simplify calculation of security deposits Total $2009.
Multiple security deposits: $546*7= rounded to $3,850.
If security deposits are returned at the lease end then I think that the deal is good and deposits are a good investment. Travel to MInich is not a problem for me but could be a hussle for some other people. In this case the deal will be higher but still close to the rock bottom. Note also that this is the !5K miles per year deal. The 10K mile deal would be ~$60 less.
36 mos/10k
MSRP 47,970
Cap Cost 46570
MF .00245
$4000 "rebate"
Residual is 61% of MSRP or $29261.70
0 to drive off and 35 payments of $671 which includes 10% tax
Monthly payment $671
I don't like this deal. I think they must have added the first payment, $825 acq fee, $235 gov't fee and $100 doc fee back into the cap cost.
The deal I would like is the following:
MSRP $47,970
Selling price $45,570
$4000 rebate
Therefore Cap Cost $41,570
36 mos/10k
MF .00245 - .00049 for MF of .00196 (want to buy down by posting 7 sec deposits)
Residual 61% of MSRP $29,261.70
Monthly payment of $481 + tax
Out of pockets - 7 security deposits and $825 Acq fee, $235 gov't fee and $100 Doc fee. Do you think I can get it? Any suggestions where I can improve? Thanks.
Premium, Cold Weather and Sirius. Edmunds says invoice is $45,050, which includes the $825 destination charge.
Does anyone have any information or opinions?
The lease on my '07 335 is over in April.
Thanks.
528xi with premium and value packages, navigation, satellite radio
36 months, 15k miles per month
MSRP of $51,775, invoice of $47,670
Base Cap Cost $48,500
Up-front costs of $2,150, monthly payments of $725.
Under this quote, the Holiday Credit is built into the reduction from MSRP to the negotiated base cap cost--shouldn't it be subtracted from the negotiated base cap cost instead? Any other ways I can improve on this? Thanks in advance for any help.
Best
Also, any BMW cash incentive on leases or loyalty cash for returning customers?
Residual 62%
MF .00195
$1500 loyalty
RM
Anyone else doing deals this month? I'm also looking for a 5 series lease. Anyone have feedback on BMW cash available this month?
There are no loyalty cash for January - the $1500 available last month was for a move from a 5 series to a 5 series. Good luck!
My lease ends at the end of Feb. I am going to get a 528xi, so help me out anyone who works at a dealer....
J
is $625 all your paying when you pick up the car? You go them to roll the fees into the payments? Which dealer is this? I would like to do the same thing. I livein NJ.
J
Did see the following. 2010 535xi 36 month 10k miles zero cap cost reduction -- fees/taxes extra. msrp 54225 605 per month. May or may not be current. If you are close -- wouldn't see any reason to to the deal.
6-7k off the msrp would save me an extra 150 or so montly, would be nice
Would it be insane to ask the dealer to give me a car for a few grand under what their (supposed) invoice price is?
Also, what is the MF determined by? Is it a rate set by the BMW or can the dealers play around with it?
*edit* searched around the board and found previous cases of BMW playing it with it and allowing it to be adjusted.
Would it be appropriate/reasonable to ask BMW to give me a .0005 MF?
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The "offer" is that they will keep your original lease payment (with a few disclaimers) the same during the extension
I read the documentation from BMW to the dealership, and it basically says "try to get the lessee to buy/lease a 2010 model but if that isn't going to work and they have their heart set on the new body style coming in 2011, offer them the right to extend 12 - 18 months so we don't lose them as a customer".
Has anyone accepted this offer?
I am awaiting the quote from BMW FS, and I am curious what the money factor, base cap cost, and residuals come in at.
I need a car now, and have never leased before. Althought I'm a good candidate,(low annual miles, and good care for my cars etc.) I'm considering leasing because I might like to get a newer car sooner than later. Usually keep my cars for 6-8, but new technology has itching more often.
So my current options,(gotta have the manuel!), found two senerios that could work. Found a used and certified 2010, stickered for $66, could probably get for $47.5, great deal! Could do my usual and keep it long time. it's silver, which is ok
Also found a new 2010 stick that I could lease and move on after 3 years. It's gonna b more money, but I can right off the payment, and keep my options open. It's black, which I don't love.
Gonna get lease numbers, but the pre-owned might be to good a deal to pass up. What are the lowest lease payments people have seen for nothing down, 10K, or 12K annual miles, and a sticker of $66K??
If I didn't want a stick so much, I'd probably look at the audi a6, which is what I had.
I don't think there are any great deals, but would consider leasing.
Appreciate any ideas suggestions or comments...thx!!
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
After shopping around a bit, I've come across the following deal:
535xi w/ Value, Premium, Sport, Navi
~$60,000 msrp
~$55,000 invoice
.62 mf
.0018 (due to multiple security deposits)
$720 per month with $7,900 out of pocket ($1,900+ $6,000 multiple refundable security deposits)
Debating between going with a less expensive car or this beauty.. am I getting a decent deal?
*edit*
Also, concerning the refundable security deposit... If there is a total loss and/or theft on the vehicle prior to lease expiration, do I still get this money back or is it lost similarly as any cap cost reduction would be lost? Does BMW have a history of hassling people about getting the money back after the lease end?
Thank you for the help guys, your help saved me thousands and put me into a beautiful car.
Hi all - I have an opportunity to take over a lease- 2008 535xi fully loaded-6k miles- 6 months left on the lease- the car has some scratches on the Bumper, i have some doubts that is that when we return the car to BMW at the end of the Lease term, is BMW will charge us for the Scratches on the Bumper and can any one can tell me how should be the Car when we return the Car at the end of the Lease?
Thank you
http://fs.bmwusa.com/BMWFSPulp/HTMLIncludes/PDF/90day_DSI_kit.pdf
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
If I lease I will take 15,000 miles a year for 3 years and will not go over the 50,000 mile warranty.
What do you think a reasonable price should be since the car is not "new"? I have no idea how to determine what is fair for the demo car since they say they would sell a brand new 535xi with less options as per my prior post for about $500 over invoice...if I can get the real invoice price out of the salesman since he disagrees with Edmunds invoice price.
Salesman asked if I would take the demo for the same price as the new one equip with Nav, Value, Prem and Sat.
Thanks for the help.
With that in mind, know that the economy is effecting them as well, and they are more open to negotiations because they are moving a lot less cars.
(I got a new 535xi for a few hundred under invoice a couple weeks ago)