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BMW 5-Series Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello grandyt. BMW Financial Services' November buy rate lease money factor and residual value for a 36 month lease of a 2011 535xi with 15,000 miles per year are .00225 and 56%, respectively.

    $500 over dealer invoice before the deduction of the $1,500 cash incentive would be an excellent deal.

    Car_man
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  • tkcanetkcane Member Posts: 6
    edited November 2010
    Hey Guys -

    Looking at a 535 with a sticker of $62,925. Offer on the table:

    Invoice: $57,855
    Cap Cost: $59,500

    BTW - I have October lease rates locked in as option

    24 month, 1900 down, 12K miles, 988+ tax

    36 month, 1800 down, 12K miles, 831+ tax

    24 month, 7000 MSD, 12K miles, 938+ tax

    Seems on the high side to me, any idea where they are getting me?

    Thanks in advance
  • asteinbergasteinberg Member Posts: 138
    These amounts are off the wall.
    Three dealers offered me invoice. Another said he would beat invoice if I showed him an offer from the others. I decided not to, because I wasn't too keen on this dealer. so, go fgor invoice. Find out what the net money factor is.
    And, you certainly should get the $1500 cash back from BMW.
    QUESTION 1 FOR CAR MAN:
    For 535i, 3 yr lease, 12000 miles, what is MF for Nov?
    (I was .230 for Oct.)
    QUESTION 2 FOR CAR MAN:
    My car on order, now being made in Germany -- what port does it ship from?
    Does it get to port in Los Angeles? If so, is it thru Panama Canal? How long?
    Trying to understand process.
    Many thanks.
  • beamer2011beamer2011 Member Posts: 1
    Hi,

    I am getting a new 2011 535i and since I am in Texas, I have decided to go with Owner's choice. Here are the numbers. Please let me know how the deal is?. How much is dealer's approx. profit ?

    535i

    MSRP as equipped $64625.
    Sale price AFTER $1500 discount $59200
    Total Amount financed (including TX taxes + misc fees) $63470.24
    TTL = $4120.24
    residual $37482.50 (58%of MSRP)

    Owner's Choice - $0 down, $0 @ signing,12K/36 months, monthly payment $956.52

    When signing the actual lease papers, What shall I look for? Actually, I want to see the blank copy of the contract - Can somebody post it here?

    Thanks

    Beamer

    Thanks.
  • robfloridagoldrobfloridagold Member Posts: 15
    Hi Car Man

    Looking at 535i msrp 53250 plus $875 del -- what should I be paying on a 36 mo 12thou a year with no money down --

    Cheers

    Gordon
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings Gordon. BMW Financial Services' November buy rate lease money factor and residual value for a 36 month lease of a 2010 535i with 12,000 miles per year are .00225 and 58%, respectively.

    We can use these numbers to work up a sample payment on the exact car that you are interested in for you. All we need is an approximate selling price for it. Shoot for $500 to $1,000 over invoice minus the $1,500 cash incentive that is available on this car and see what happens. You can look up the invoice price for the exact model that you want over in the New Vehicle Pricing section of Edmunds.com.

    Car_man
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  • tlw5486tlw5486 Member Posts: 2
    Hi - The lease on my current 5 series is up in January. I have no regrets with the lease, but I've decided I want to buy a car and keep it for a while now. I'm considering the Owner's Choice option (balloon payment). My logic is that I can get a lower interest rate for a 36 mo period (versus 48 or higher) and lower monthly payments. Ideally, I would make additional additional lump sum payments each year so I would end up without the balloon payment at the end. My goal would be to pay it off in three years, but I like the flexibility of the lower payment (and interest rate). What am I not considering? Thanks!
  • graymangrayman Member Posts: 2
    I'm trying to figure out the MSD math. If every SD drops the MF by 0.00005, up to 7 MSDs, then wouldn't the maximum reduction be 0.00035 (7 x 5 = 35), not 0.00049?
    Or does each SD reduce it by 0.00007?
  • kyfdxkyfdx Moderator Posts: 236,830
    It's .00007

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  • omegagenomegagen Member Posts: 67
    edited November 2010
    Car-Man is this deal OK?

    MSRP $58875
    Invoice $54160
    Selling price $56450

    36 mons. @ 10k/yr
    Net Cap. Cost $56272
    Acquisition fee $925
    $972 due @ signing
    Money factor 0.00225
    Monthly payment $869
    The above includes the holiday cash back.

    There's another one I'd prefer. It's MSRP is $62700 & Invoice is $57645. No quote on this one.

    Thanks!!!
  • banglenotbanglenot Member Posts: 31
    edited November 2010
    Consider that your off-lease purchase price is negotiable: you can negotiate considerably lower than your residual value. However, BMWFS will not negotiate the price with you. You negotiate it with the dealer. And don't accept the line that BMWFS sets the residual price and is firm on it. They aren't.

    Dicker for your off-lease price like you would for a used car. I bought my 07 530 last year for $3K below residual, with CPO included. At the time, BMWFS was stocked with used assets and was willing to unload them.

    I assume (no certain knowledge here) that the dealer ends up buying the car from BMWFS for X and "sells" it to you for X+Y, Y being their profit on the deal. X, the "value" of the car is largely driven by professional auction values, though I assume that BMWFS and the dealers have a number of other money flows based on other factors that they use between them.

    So, in my case, residual was $32K, and professional auction was $25K, I was able to dicker somewhere in between. I got mine for $29K, BMWFS got it off their books, I got CPO thrown in and the dealer made a few K as well.

    You have to work with a few dealers, because each has its own in-house rules and psychology on this kind of dickering. Remember that it is the same approach as buying a used car; it's just the used car you used.

    Good luck. Everything is negotiable.
  • kdl0013kdl0013 Member Posts: 2
    Hey Car_man,

    Could you be so kind to tell me if this proposal sounds like a good deal:

    2011 535i
    Sport
    Premium I
    Premium II

    MSRP $59,500

    The dealer has offered to lease it to me for $832.15/month. Nothing out-of-pocket except for bank fees and tag. 36 months. 12k/miles.

    Seems a little high to me still.

    Any help would be greatly appreciated.

    KDL
  • warbernwarbern Member Posts: 73
    edited December 2010
    I'm trying to find out the current December money factor and residual on a 2011 535i Gran Turismo on a 36 month lease with 12K miles per year. Thanks so much!
  • asteinbergasteinberg Member Posts: 138
    What is MF for 2011535i (NOT Grand Turismo) for 36 month, 12K per year? and for 15K per year?
    Thanks.
    For any of you in So Calif, I recommend Center BMW in Van Nuys. I can't mention the name of salespeople, so I will urge you to go to the fleet manager.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi omegagen. The selling price that you were quoted is $2,290 over dealer invoice. If you are in an area that has a decent level of competition, there is a good chance that you will be able to negotiate a larger dealer discount than that.

    Also, don't forget that BMW is currently providing a $1,500 cash incentive on leases of this car this month.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi kdl0013. You never mentioned this car's selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is more difficult to tell how large a dealer discount you are being given and in turn if there is any room left to negotiate. Let us know what the selling price is and I'm sure that either myself or another knowledgeable community member will gladly tell you what they think.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here's the information that you're looking for, warbern. According to the latest information that I have seen, BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 535i Gran Turismo with 12,000 miles per year are .00215 and 58%, respectively for consumers who qualify for its top credit tiers.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi asteinberg. BMW Financial Services' November buy rate lease money factor and residual value for a 36 month lease of a 2011 535i Sedan with 15,000 miles per year are .00225 and 56%, respectively.

    The residual value for a lease with only 12,000 miles per year is 2% higher.

    Car_man
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  • omegagenomegagen Member Posts: 67
    Thanks for the reply. I ended up buying a 2008 BMW 550i. For some reason the new bodystyle hasn't quite grown on me. This is essential especially when I'm about to get tied into a lease for 36 months!
  • smithsongasmithsonga Member Posts: 123
    I have to agree on the new body style. Good call on buying used. Better value.
  • sambo49sambo49 Member Posts: 47
    Car man, what are the december lease rates and residual values for 2011 535 xi with 12,000 miles / yr and 36 months duration?
    Thanks,
  • x021627x021627 Member Posts: 152
    edited December 2010
    Let me know if this is a good deal or not:
    2011 535xi
    -cold pkg
    -navigation
    -premium
    -IPOD/USB
    MSRP $57,925
    Selling price: $54700 before $1500 holiday cash
    Residual $33596
    Miles 12K/36 months
    MF .00185 (528xi returning leasee MF)
    Payment $679
    Out of pockets: taxes, doc fee, registration fees, acq fee)

    Thanks!
  • bmwconvertbmwconvert Member Posts: 75
    My price was higher (I have premium-2 package) but my selling price came to 6.7% off of MSRP, vs. the 5.6% off you're seeing, before receiving the $1,500 incentive from BMW Financial. I purchased rather than leased, but that shouldn't make a difference.
  • deejay2099deejay2099 Member Posts: 36
    CarMan,
    Can you please provide me with the rate & residual for a lease of a 2011 BMW 550i. This is for a 36 month lease with 10K miles per year.

    The car has an MSRP of $71,700
    Selling price is $67,905

    They are offering me the car for $4500 down $1085/month (that includes the 6% sales tax).

    Thank you very much.
  • gvitalik1gvitalik1 Member Posts: 55
    edited December 2010
    Hi All,

    I'm offered a following deal on 535:

    MSRP $58625
    Invoice: 54545
    Selling Price 55545
    MF 0.00176 (after 7 SD of 5600) Original 0.00225
    Payment 792 tan inc

    Screen shot of this deal:

    CAP COST 55545.00 TRADE ACV 0.00 1ST PYT 790.31

    CAP RED 1438.51 PAY OFF 0.00 SEC DEP 5600.00

    M.S.R.P. 58625.00 CASH DOWN 0.00 LIC FEE 711.00

    RESID % 59.00 INT RATE 1.76 PRORATA 0.00

    WARRANTY 0.00 TAX RATE 9.50 BANKFEE 795.00

    TERM 36 BASE PYT 721.74 DRIVOFF 8676.48

    I'll get $1500 back from BMW

    Is this a good deal?
    Is it worth it to use MSD program?
    Can I do better then $1k over invoice?

    Thanks
  • claire_mclaire_m Member Posts: 4
  • x021627x021627 Member Posts: 152
    edited December 2010
    I managed to negotiate to $53900 before the $1500 customer cash and got OOP reduced or no mark-up for acq fee, money factor (528 loyalty mf), doc fee and registration fee + taxes, along with first payment. I'm pretty happy with the deal and think it's fair. Oh, did I mention, they are picking up the last 2 payments on my current lease too? :shades:

    MSRP was $58475.
  • texasmotorstexasmotors Member Posts: 1
    2011 BMW 535i with 2000 miles; titled 9/15/10. now being sold used by a mercedes dealer as a trade in. original MSRP was 68,000 fully loaded. dealer is offering 15,000 off MSRP. Carman or anyone know what depreciation of this vehicle is or what a good price to pay for a nearly new vehicle?
  • x021627x021627 Member Posts: 152
    i'd wonder what is wrong with that car that someone dumped it 3 months after it being titled.

    Caveat Emptor! :confuse:
  • shergill123shergill123 Member Posts: 1
    Car man - can you please share the MF + residual for a 528i

    I'm interested in a 10k - 3yr Lease.

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello sambo49. BMW Financial Services' December buy rate lease money factor and residual value for a 36 month lease of a 2011 535xi Sedan with 12,000 miles per year are .00225 and 58%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I'd be happy to help you out, deejay2099. BMW Financial Services' December buy rate lease money factor and residual value for a 36 month lease of a 2011 550i Sedan with 10,000 miles per year are .00230 and 56%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Shergill123, BMW FS' December buy rate lease money factor and residual value for a 36 month lease of a 2011 528i Sedan with 10,000 miles per year are 00230 and 59%, respectively.

    Car_man
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  • sethepsteinsethepstein Member Posts: 1
    carman - any thoughts on the following?
    2010 535 GT - Silver. MSRP 63K - price 55K: 12K mileage year, 798.30per month including tax with 1618.40 due at signing. the residual is 60% at the 12K mileage, and the money factor is .00265.
  • yippeee33yippeee33 Member Posts: 6
    Carman - I negotiated the following deal and was hoping you could let me know what you think:

    2011 535i with Xdrive
    Black Sapphire Metallic
    Oyster and Dakota Leather
    Dark Wood Trim
    Premium Package
    Cold Weather Package
    MSRP $56,550
    Selling Price $52,600 (includes $1500 holiday cash)
    Residual $32,775
    Money Factor: .00225
    36 month/10k year
    Monthly payment before taxes $719

    Thanks for any help and insight you can provide...
  • glesgabhoyglesgabhoy Member Posts: 9
    Can u advise what state your in please ?
    Can you comnfirm the total upfront fees ? and final monthly payment including tax ?
  • x021627x021627 Member Posts: 152
    I'm in NJ where there are lots of dealers. Final monthly payment is $679/mo for 36 month/12K mi per year. Money due at signing was $3850,which included sales tax, luxury tax, doc fee, bank fee and registration fee.

    It's a great car.

    Did I mention that I got my last 2 payments covered by dealer on my former lease AND got fold down rear seats and satellite radio I didn't pay for? Heard that BMW, Mercedes and Lexus are trying to claim the #1 luxury brand sales crown, so are pulling out all the stops.
  • johnpenjohnpen Member Posts: 1
    i live in Florida

    i want to lease a 535 with sport and with a navagation and park assist

    what should it be for 3years at 36mi

    there is lease loyalty and with the year end etc..where should this be ??

    please help
  • skhurmiskhurmi Member Posts: 3
    Car Man--
    Was offered the following:

    2011 BMW 535xi
    Convenience pkg
    Cold Weather pkg
    Premium pkg
    Premium 2 pkg
    Metallic paint
    MSRP $62,375
    Invoice is calculated at 7% reduction...$58,008

    After all the fees, etc, the monthly lease payment (with ZERO down) for 36 months/12K miles: $950/month.

    Does that sound right to you? Also, dealer (suburb of Chicago) want to charge me "advertising" and "training" fee ($450)...I prefer to not pay that, as that is a cost the dealer incurs no matter what, right? Illinois sucks! Apparently have to pay sales tax on total purchase price...not the per month lease portion...and then if you purchase the car at end of lease, you have to pay sales tax on that residual amount, too!!! Sounds like double taxation to me...
  • x021627x021627 Member Posts: 152
    $950 a month? Is the $1500 holiday cash somewhere there? I think you need to give more particulars to determine if this is a good deal or not. What is the MF, cap cost, residual, doc fee and acq fee they are charging you? Some of the things mentioned can be marked up by the dealer. I recently got a 2011 535xi and I love it. I only got cold, prem, navi, satellite radio and fold down rear seats as options. Payment is $679 for 12k/36 months. MSRP $59300. Sales price $53900 before holiday cash. NO money down.
  • skhurmiskhurmi Member Posts: 3
    To x021627:

    MF: 0.0023
    Residual value: 58%
    Acquisition fee: $750
    Doc fee: ?

    Remember, they are charging me sales tax on TOTAL purchase price ... not on the leased portion. Yes, the $950/month reflects paying $1000 over invoice (dealer invoice includes the advertising and training fee of $450) and then getting $1500 customer cash.
  • x021627x021627 Member Posts: 152
    Ouch. That paying sales tax on purchase price of the car certainly adds a lot to monthly payment.

    Best of luck!
  • jmgoldsmithjmgoldsmith Member Posts: 18
    I'm considering leasing a 2011 528i, and I'm trying to better understand the terms of the $1,500 holiday credit, which is being offered on leases of select models ordered through Sunday, January 2nd. Can the holiday credit be used to reduce the purchase price on which the lease is based? Or, can it only be used to cover "drive off costs" (i.e. first month's lease payment + license / registration + documentation fee)?

    Thanks in advance for clarifying the terms & conditions of the $1,500 holiday credit.

    Regards,
    Joel
  • jmgoldsmithjmgoldsmith Member Posts: 18
    Based on this forum, it appears that the Money Factor & Residual Value currently being offered on a 36-month lease (12,000 miles / year) of a 2011 528i is:

    Money Factor: 0.00230 (which, according to my calculations translates to 5.52%)
    Residual Value: 58%

    Are these variables negotiable? Or, are they set by BMW Financial Services, and therefore non-negotiable?

    Regards,
    Joel
  • x021627x021627 Member Posts: 152
    Residual non Negotiable. Set by BMWFS. You want the base money factor with no markup, so it is .00230. You can put down multiple security deposits to lower it.
  • skhurmiskhurmi Member Posts: 3
    Car Man,

    a little confused about when the $1500 Customer Cash is applied during the transaction. The dealer wants to apply it after the negotiated sale price (with tax/title/doc fees) is taxed. Does not want to apply it prior to the tax... which is what I would prefer, as it would reduce my taxable amount -- and in IL that means a lot. Please clarify how that is supposed to be used. Thank.

    Sunny
  • kyfdxkyfdx Moderator Posts: 236,830
    I think your dealer is correct... It is more of a consumer rebate, rather than a dealer cash incentive... ergo, the total amount is taxed, before the $1500 is applied..

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  • x021627x021627 Member Posts: 152
    Yep. It's taxable............
  • blackbimmer1blackbimmer1 Member Posts: 5
    Car_man and everyone else,

    I am in North Texas (pay full sales tax) and first time BMW customer. This is what I am being offered for 2011 528i - 36 mos / 12K miles per yr. Black metallic, Leatherette, Nav, Heated Seats. They will be ordering the car for me.

    MSRP: $48,527
    Invoice (per TMV): $44,680

    Offer from dealer: $46,586 (before the $1,500 holiday credit)
    MF: 2.7 (with a $700 security deposit)
    Down payment: $3,000 (excluding first month payment)
    Monthly payment: $699

    I am bit surprised with the high selling price and MF being offered as compared to what I have been reading here where ppl say that the selling price should be around invoice (before holiday credit) with 2.3 MF. Is it just Texas?

    Is this is a good, bad or a fair deal? Should I pull the trigger?

    Please help! Quick responses will be appreciated as I am trying to close something before Jan 3rd.

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi blackbimmer1. The selling price that the dealer quoted you is around $2,000 over invoice. As you mentioned, there's a lot of room there. If I was in the market for this car, I personally would shoot for around $500 to $1,000 over or so before the deduction of the holiday cash. Are there any other dealers in your area? If so, it wouldn't hurt to comparison shop a little.

    Car_man
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