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BMW 5-Series Lease Questions
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Comments
Why do you say save $200 per month to look at the deal on a lease of a car that's only got 4,000 miles on it. How much in terms of selling dollars do you think that would equal if I could get a new 2010 for about $500 over invoice (less options).
2010 528xi with premium, value, and nav package
MSRP $51,775
Selling price: $49,720
Dealer acquisition fee: $725
Documentation fee: $369
MF: .00195
Residual: 62%
Wants me to start the lease by paying:
1702 Tax
508 registration fee
725 acquisition fee
369 doc fee
659 1st month
$3,963 one time then $659/month for 36 months.
He says that the dealer will make $800 off this deal.
He also mentioned DAC fee (fee for BMW advertising on tv).
I'm so tired of dealing with this. Is there any dealer out there that could really give me an honest decent deal?
Damn.
I was pretty tired of shopping around and wasting time on trying to get the car as well, but it paid off at the end -- got a great deal on my 535xi.
I don't see a way to PM you from this forum. You can email me at jakekim1@gmail.com. I live in Teaneck, NJ. Your help will be much appreciated. Would you believe it, yesterday my right rear tire went flat. They are runflats and will cost $400 to replace before I send the car back in for the end of the lease...
Car_man
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MF .0025
Res. 48%
Factory Cash $6,000
So here's the question what should the price be for the car. He says MSRP is $57,470 and SP is $53,900 minus $6,000 = $47,900 plus I get $1,500 for loyalty as cap cost reduction.
Edmunds shows Invoice as I equip. at $53,095 including $875 destination charge. Salesman says destination is $1,375. Thus he says he is selling car for $500 above invoice.
Payment with 8.625% sales tax rolled in is $780/mos.
Should price be lower??
Do you have the rates for 528i in S.Cal for 36 months 12 miles.I see a previous post mentions a $6000 discount plus loyalty - the rates last month were better for 528 v. 535 - hope they're still the same
Thanks
Trying to understand the numbers is no easy game on a lease, even when I ran them through a lease calculator on my iPhone and on the web. One reason the numbers get weird is because of the miles already on the "new" car and the effect on payment. I found that hidden item deep in the dealer's lease screen when we kept trying to see why my numbers were different.
So here's what I leased: 2010 535xi, Saph. Black, Saddle Brown (not many of those around for sure) with 4,000 miles on the car. Options include Prem, Value, Nav, Sport, Comf. Access, Prem Audio, Sat, Rear Sunshade. MSRP is $61,645. Inv was around $56,895, SP is $53,900 less $6,000 factory cash plus $1,500 loyalty. MF .0025, Resid 48% on 15,000 miles/yr. Sales tax 8.625% in the lease.
Mos. payment $785. I know the numbers seem off compared to a lease calculator, but I did shop around and was not seeing better numbers, never mind that I would not have wanted to pay a whole lot more for all the features.
Had I leased a brand new 535xi with Prem, Value, Nav, Sat the payment would have been $780 on a $500 over invoice deal. Probably could have knocked a little more off that price.
So, my feeling is that I got a lot of neat features on a sharp car for just a few dollars more per month. Since BMW provides free service, I can live with the 4,000 miles on the tires given the discount.
I will pickup at the end of the month when I turn my 07 530i in. I'm looking forward to the bigger engine and creature comforts on the new BMW.
Thanks for the help along the way. At least I don't have to do this again for 3 years.
BMW Financial Services' new March buy rate lease money factor and residual value for a 36 month lease of a 2010 528i with 12,000 miles per year are .00250 and 52%, respectively.
I believe that BMW is currently providing $5,000 dealer cash plus the $1,500 loyalty cash on this car and that both of these cash incentives are compatible with the above lease program.
Car_man
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Thanks for the response. I was afraid to ask what you thought of the demo deal. The salesman did say that the car I leased were it not a demo would lease close to $900/mos on a $500 over invoice deal whether with Feb or March lease program. So in the words of James Brown: "I Feel Good".
He said that since 2011 5 series will not have Xdrive until the fall, the 2010 inventory will still go fast and way before an Xdrive is available for anyone else coming off lease between now and the fall. Not to mention what the pricing will be on the new model the first few months.
My current 528 lease ends end of April and I need my payment to go down - maybe its time to look at the Acura TL
According to Edmunds, there is build-out cash of $6000 on the 535i. But apparently it cannot be combined with leases, is that true? Is there any dealer cash (other than the Spring money) that we can combine with leases?
Car_man
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Car_man
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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.
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?
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.
Car_man
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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.
Car_man
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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)
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!
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.
Also, im in california our sales tax is 9.75%
I'm very happy with the car. What do you think of the deal?
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.
When negotiating your lease on this car, make sure to take the $5,000 dealer cash that is currently available on it into account.
Car_man
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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!!
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.
Car_man
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Also, are least terms more favorable withth e 535s currently than with the 335s?
Thank you
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!
My dealer quoted a mf of 0.0027 and the residual of 51% for 10,000 miles on a 2010 528i.
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!
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.
Car_man
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For example....let's take a 2010 msrp $55000, dealer gives you $1000 off plus the $6000 dealer cash.....no 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 car...buy at msrp. But residual after 36 months is 56%.(I'm guessing, of course...no 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 way...it may take you three tries to get that number from your salesman...but get it. NO MONEY DOWN UP FRONT.....
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.
.
Many thanks
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