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BMW 5-Series Lease Questions
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Comments
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
MSRP 61172
Sale 55161
Total with 6% tax and tags 58977
3254 + first month
36 month 12K miles per year lease 746 per month
Sale 51,000
Paid 5k cash down
Lease end value 30,841 (58%)
(Premium package 1 and 2)
36 month / 10k miles per year
$745 a month including tax
Thoughts? This is my first lease I would appreciate any information.
'$497 per month
36 Months
MSRP $46,675 36months 10k miles per year. $3,950 cap cost reduction. Excludes first payment, bank fee of $925, dealer fee $689, tax, tag,title, & registration fees. All offers with approved credit.'
On my website. My MSRP was 53175...
I did research on edmunds and found the invoice price to be ~49k... and met them halfway at 51k.
I don't know enough about leasing to understand why the difference in price per month varies how it does in these two examples. I am heading back in there tomorrow and want to be as prepared as possible. Any other information would be appreciated from anyone. Thank you.
All my calculations show that I got a good deal given my numbers, but I might be doing something wrong, or maybe did something wrong along the way through negotiations.
Negotiated to $58000
On 535xi , 2011, sapphire metallic,premium,sport,cold weather,sat,iPod,navi,shifters....
Also dealer paying BMW financial services $480*5 (payments left) on my 328i lease so I am out clean.
I pay 0$ down, all taxes, fees, destination charges, security deposit rolled in.
Today I pay $480 (since $500 security deposit reapplied) and going forward $980 a month with 15k a year lease, 3 years, also got navi credit.....
I am in Maryland, VOB Rockville ask for Paul Carter
The deal you quoted above seems wrong. Check out this link:
http://www.bmwusa.com/standard/content/Vehicles/2011/5/528iSedan/OfferDetail.asp- x?enc=4tz14BWXOqrcTvJUH7vBx4dWhY2RBnNlPuEQ4AvXTQbKwXfkTEtUiWskmVZMK9tJ
2011 535i with Act vent seats, Premium pack 1 and 2, BMW apps.
MSRP with all options: $61025.00
36month, 15K miles/year, 0 down, $750/month, 56% residual.
At signing, 1st month + acq fees.
Is this reasonable? Thanks to the leasing gurus!
2011 535i with x drive, includes M package, Prem 1 and 2, convenience, cold weather,side, top cameras. MSRP $70,625. First payment at signing, 36 months, 10k per year, Miami-dade county tax rate. $990 per month.
Base cap cost is $65,500, or discount from MSRP.
Thoughts?
MSRP: $70,765
Base cap cost $66,300 (best I could do, still too high?)
10k miles per year and 7% sales tax in FL
Zero down, first payment due at signing + tags $250
58% res and .00195 MF as new BMW customer
$975 per month
I am to pick up a lease during September. Here are my specs:
(1) I have an elite rating
(2) I am turning in my last lease - 328i and upgrading to the 535xi - so loyalty is applied
(3) Car has Cold Weather Package, Preminum Package, Navigation Package, Graphite color, Smart Integration
(4) MSRP - $59,125
(5) Cash required on delivery is $4,000 (includes 1st month payment, Acquistion Fee, Upfront Taxes, Fess & Insurance)
(6) 3 years 10K miles
(7) BMW special kick back $1,700 approximately is applied
Final monthly payment: $633.14
Is this a good / great deal on a 2011?
Thanks,
howiesr
They need $3500 down for 659.61 a month lease payment.
Think I have any wiggle room there? Dont want to drop 3.5k at signing.
Thanks.
If you notice any cars have a special lease rate or bumped up residual please let me know.
thank you
MSRP 60,725
Negotiated price 55375
Lease $ 764 for 36 months @ 15000 m/year
Taxes+ 1st month 3255
Dealer in NY
Is this a good deal?
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I don't believe that BMW is currently providing any cash incentives on leases of this car.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical lease of a 2011 535i are .00195 and 56%.
If you are a loyal customer these cars' money factors are .00030 lower.
BMW is currently providing a $1,730 cash incentive on 528 and 535 models that have navigation and $1,000 on cars without it.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Selling price $42500
MF 0.0185
Residual 55%
$1900 due at signing
Monthly $620
Is it a good deal?
Looking at 2011 550i demo, 15,000 miles.
selling 62,000 (?original MSRP)
3500 DP, 10kmiles/yr
$649 +taxes /month x 36 m.
Warranty effectively 4 years/35,000 miles.
How much $ or percent off MSRP is reasonable with 15,000 miles on a loaner.?
$649 + tax/ month reasonable for above?
with the 2012 coming out in October, can i expect better deals on the 2011s?
Also, while we are on that subject... the time period on the warranty started when it was put in service... So, there isn't four years left on it..
Which might be something to check. If you are leasing for three years, make sure that demo isn't over a year old... then, you might have an issue.
regards,
kyfdx
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hell, I'll probably do 50k ...
I'm deciding to either by more miles up front or wait...
At any rate, the chintzy 50k/4 year warranty reduced to 35k
will affect me (car is 2011)
(FWIW, MB and lexus, my recent cars, have 4-5 yr/100k)
More important to me is the question of a one time lease payment.
As per your prior response, i also believe BMW offers this option.
Yet, my salesguy says no - only up to 7 monthly security payments are allowed.
Could it be a dealer decision vs a USABMW policy?
Im collected all info ( Sticker price, asking price, packages, factor, residual)
to determine what discount is applied re: used /demo status.
Your feedback is appreciated.
Since BMWFS subsidizes rates on almost all models, then I wouldn't do a one-pay lease, and would take advantage of the Multiple Security Deposit program, instead..
If you are going to drive 12K or 15K per year, then it makes no sense to do a 10K lease... It is much cheaper to get the miles with the higher 15K/year program.. Also, if you are driving that much, the savings from leasing a demo may prove to be false, as you'll be out of warranty for a good portion of the lease.. If your driving fits the parameters of the 3yr/30K lease, then that demo might be a very good deal..
Another thing to keep in mind... The residual on a demo is reduced by (the current mileage - 500 miles) X $0.30/mile..
So, a vehicle with 14,500 miles would have a residual of $4200 less than a zero mile new model.
regards,
kyfdx
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Unfortunately, I have an issue with credit which will not be cleared up until end of year.
This situation precludes me from any monies loaned by BMW, or any other institution.
The one pay lease garantees BMW full payment - and costs me interest ...
My only criteria is that any monies not paid if the car is total loss (fire, theft, accident)
is returned...Effectively, its like pre-paid monthly payments x 36 months.
I will have more info on this since Im going to another BMW dealer this PM
thx again
2011 550i (premium 2, integrated phone)
Sticker - $66,350
sales price $63,442
12,000 miles/yr 36k x 3 yrs
residual 60%
factor .00115 (based on one time lease pay)
$758/ month ( plus 7% tax $53 =$810)
one time payment:
$758 x 36 = $27,288
tax 53x36 = $ 1,908
bank,docs,prep 1872
total = $31,068
not the best deal but .....
all feedback appreciated
Any help appreciated.
15k miles, 36 months.
2011 530xi with an MSRP of $65,150
Purchase price of $58,500.
Initial Payment $1838.99 (Advance payment, Acq fee, Doc fee)
Money factor is .00184
Residual is 58%.
36 month lease with 10,000 miles per year.
Payment, including tax, are $828.84.
Thanks for your valuable inputs.
0 down with total drive off $2,099.94 (including first monthly payment; license; bank fee etc)
Monthly Payment $598.93 Tax (8.75%) $52.41 Monthly Payment= $651.34
What do you think ? I think I can get better because some can get better MF.
CARMAN what is the MF and residual value for the above ? Thanks.
I keep hearing that you say loyal customer's MF is .0003 lower
I have elite Credit. so i'm on .000185
so that makes my MF .000155
my question is that do i get $1000 off for loyal customer.
Either Or. or do i get both?
Thanks
MSRP: 68975
Agreed Upon Price: 59000 (remember 3500 build out cash and 1730 nav credit)
Tire Warranty: 1299 (am I overpaying?)
Trade In Credit: 3000 (car is actually worth 9000, shouldnt I use more of it to pay inceptions?)
Money Factor: 0.00185 (I'm top tier credit)
Actual Money Factor: 0.00136 (Am putting $4550 in security deposits)
Taxes Up Front: 1566
Acquisition: 725
Title: 236 (Should I be paying for title on a lease?)
Registration: 302.5 (I'm NJ - this number seems high)
Doc Fee: 239.5
NJ Tire: 6
Monthly Payment: 640.83
Registration: I think NJ charges for four years, upfront.. That would account for the size of the fee, if that is the case (don't take my word for it).
Upfront: Personally, I like to roll all of the inception charges into the lease.. I like the MSD program, but on my last lease, my due at signing was 1st payment plus MSDs only... (so, no.. don't put any more down or upfront).
Tire warranty: ACK!! $1300! I'd just put $1300 in the cookie jar and take my chances...
Other than that, it looks good from here (keep in mind, I don't know the base money factor...)
regards,
kyfdx
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
This car's money factor would be .00030 lower for loyal customers.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
This car's money factor is .00030 lower for loyal customers.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks
Eric
Thanks... My logic to putting all the inceptions upfront is that otherwise, I'm just paying interest on money when cashflow isnt the #1 issue for me. Am I missing something?
As for the tire warranty - is that price just entirely not what people are seeing or is it that the price of warranties isnt worth it, in your view?
Basy MF was 0.00185 and with the MSD's it became 0.00136
Lastly - is there any benefit to the dealer to listing the tire warranty as a cap-cost-reduction as opposed to calling it out in the agreement as a warranty? I find that to be a bit screwy.
Uri
on a side note dealer offered me
2011 535 :$63,425.00 SELLING PRICE $57,765.00
dealer claims its 600 above invoice after credit...
i dont think its a good deal...