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BMW 5-Series Lease Questions

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  • asw1asw1 Member Posts: 18
    1. If I turn in my current 535xi to take advantantage of the BMW FS early termination rate reduction on a new 535xi, will BMW FS pull ahead my remaining 3 lease payments?

    2. For a 2012 535xi with premium, tech, cold weather and sat radio, is $57,805 ($500 above invoice), before applying incentives, an OK deal, or should this car be selling at or below invoice?
  • insidecarbuyinsidecarbuy Member Posts: 95
    They will roll your remaining payments into the new lease or you will have to pay them. As far as selling price it should be $1,500 behind invoice - $1,730 Navigation credit - $1,000 bonus cash - $1,000 loyalty and - the .00075 reduction on the money factor. So the selling price should be $48,528.00 and money factor should be .00120.

    Chances are even with rolling in your 3 remaining payments it still probably a better deal than what you have now assuming you find the right dealer….

    What state are you?
  • cjsesqcjsesq Member Posts: 2
    CarMan, can you provide the current MF and residual for 36 month lease @ 15,000 miles/year? Also, is the reduction in the MF currently being offered only for current BMW customers? As far as I can tell, I should be able to get the $1,000 holiday cash plus the nav credit of $1,730.00. Thank you!! This is a great forum.
  • asw1asw1 Member Posts: 18
    NJ.

    Right now the deal I have is:

    535xi
    Premium
    Tech
    Cold Weather
    Sat Radio
    Smart Phone.

    Cap cost is $500 over invoice less $3,700 inincentives. They then are reducing my cash at inception (first month, motor vehicle, etc) by my last 2 payments to cover them ($671x2 = $1,342).

    My new lease will be $698/month. A bit higher than my old one.

    One thing is that my turn in is a 2010 that was substituted for a 2009 that I leased but that had HPFP problems.
  • asw1asw1 Member Posts: 18
    "So the selling price should be $48,528.00 and money factor should be .00120. "

    Invoice for a 535xi with cold weather, premium, tech and satellite radio is
    $52,258? I see it as 57,285 on various web sites.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi escalade24. I believe that the conquest cash is $1,500 on all BMW cars, but that dealers have a select number of conquest coupons that they can use.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Yes, billmv, I believe that the .00075 additional money factor reduction for BMW lessees with deals that are scheduled to expire over the next several months is available on all models, including the X3.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi tga01. Those three offers cannot be combined. One can choose either the money factor reduction or the $1,000 cash incentive. There is an additional .00075 money factor reduction for consumers who have leases expiring over the next several months.

    If you tell me exactly what car you are interested in, how long you want to lease it for, and how many miles per year you need I can give you an idea of what the special lease program is like.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello sas12. I didn't think that BMW's residual values have dropped by that much over the past couple of months.

    I have always found that dealers are not willing to reduce the selling prices of demo vehicles for me to personally justify purchasing what is essentially a low mileage used vehicle over an equivalent brand new one.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome ocean13. BMW Financial Services' December buy rate lease money factor and residual value for a 36-month lease of a 2012 535i GT with 15,000 miles per year are .00195 and 59%, respectively for consumers who qualify for its top credit tier.

    This money factor would be lower for loyal customers.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here you go, jit3. BMW Financial Services' December buy rate lease money factor and residual value for a 36-month lease of a 2012 535i Sedan with 12,000 miles per year are .00195 and 55%, respectively for consumers who qualify for its top credit tier.

    The residual value for a lease with only 10,000 miles per year would be 1% higher.

    This car's money factor is lower for loyal customers.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Ah ha. BMW FS' 12,000 mile per year residual values are 2% higher than its 15,000 mile per year residuals.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I'd be happy to help you out cjsesq. BMW Financial Services' December buy rate lease money factor and residual value for a 36-month lease of a 2012 528i xDrive Sedan with 15,000 miles per year are .00195 and 55%, respectively for consumers who qualify for its top credit tier.

    Yes, the .00030 and .00105 money factor reductions are only available for loyal BMW customers. Having said that, there is some $1,500 conquest certificates floating around out there that can be used on the deals of current owners of competitive products.

    You are correct about the $1,000 bonus cash and $1,730 option credit.

    Car_man
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  • tamatortamator Member Posts: 1
    Hi looking at both 528 & 535 - Not sure if I'm getting a good deal or not (CT, NYC area).

    Both cars have - Premium, Tech, Cold Wthr & Premium sound. Metallic/Dakota

    $2500 for trade-in
    Approx $2000 in down pmt

    528 - 12k/yr - $540/mo (incl tax)
    535 - 12k/yr - $640/mo (incl Tax)

    Any suggestions?
  • sas12sas12 Member Posts: 3
    Thaks for the resposne Car_man.

    The residual values have dropped from 63% in Sept to between 51-53% on the 550's. The residual value if further reduced by .30 cents for every mile that is on the car and that was increased from .20 to .30 in the last 60 days ( 50% increase). So these execuitve demos have true residual value of between 45 and 48%, that strikes me as a HUGE drop in the residual value over the last 60 days.
  • asw1asw1 Member Posts: 18
    I received a mailer from BMW today offering me "triple BMW loyalty rewards." Does anyone know how this offer fits in with the other offers for December?

    Here is what the offer says:

    "We would like to thank you for your loyalty to the BMW brand with an unprecedented loyalty offer, extended to a select group of BMW owners. For a limited time, lease a new 2011 or 2012 BMW through BMW Financial Services, and you'll be eligible for up to triple the BMW loyalty rewards - an average of $3,000 - courtesy of our enhanced loyalty benefits. [1]

    "The timing couldn't be better - you can also use this offer in conjunction with any of BMW's other offers, including the BMW Mission To Drive Sales Event, going on now.

    "So don't delay - this special offer ends January 3, 2012.

    "[1]Average estimated enhanced loyalty benefit of $3,000 is based on a lease capitalized cost of $50,000. Total enhanced loyalty benefit will vary based on model chosen, customer down payment, capitalized cost and residual value. Enhanced loyalty benefit replaces existing $1,000 loyalty benefit for returning BMW owners with a model year 2005 BMW or newer, purchasing or leasing a new BMW."
  • bruno1985bruno1985 Member Posts: 11
    I am trying to lease a bmw 535 2012, and i dont wamt to pay more than $700 a month incl. Taxes
    I am planning to put $3500 cash at signing, does anybody knows or recommend some1 who can make the deal happen????????
    I am located in los angeles CA
    Thanks
  • undertaker3675undertaker3675 Member Posts: 1
    I've never owned a BMW but am considering my first. A 2012 BMW 535i; Black Sapphire with venetian beige, equiped with Premium Package, Technology Package, Cold Weather Package and satelite readio. The MSRP quoted by Dealer is 59,325 with selling price of 55,200. A lease for 3 years at 15K a year I was quoted 888.48 including the 3% rental tax in NC.

    No money down was required nor security deposit, only out the door charges were first months payment and tag transfer fees.

    Is this a good deal?
  • jennifer50jennifer50 Member Posts: 3
    Hi Tamator,

    Which dealer is it? it seems to be better than I quote here. What is the final selling price with 528?

    Thanks
    Jen
  • jennifer50jennifer50 Member Posts: 3
    Hi Car man,

    My dealer told me the annual apr is 0.9. Then the MF will be 0.9/2400=0.000375. Is it correct? What is the residual for 528 with premium and tech package and 10000 mile per year?

    Is the selling price reasonable by 500 behind invoice - 1730 option credit - 1000 bonus -1000 loyalty? Since those credit are from BMW manufacturer and 500 behind invoice is from dealer.

    Thanks
    Jen
  • bruno1985bruno1985 Member Posts: 11
    I think they quoted you pretty good as long is with not money down , but i think you should try to negotiated that payment down a little bit more .
  • jennifer50jennifer50 Member Posts: 3
    That is not a quote from dealer. I am wondering if that is reasonable target price that I'll negotiate for.
  • ocean13ocean13 Member Posts: 4
    Thanks again, car man.

    To follow up, I negotiated a fair price for a 2 wheel drive 2012 535i GT as a purchase. Now I'm considering a lease. The car is equipped with the value package, which includes navigation at no charge. So does that eliminate the navigation credit discussed here? Am I correct that the only additional credit I get by leasing instead of buying is the $1000 lease incentive? Any other credits that would apply? I don't qualify for loyalty credits.

    Cheers
  • jamawassjamawass Member Posts: 5
    Hi, I've also received a quote of $918/mo for a 535i 36 mo lease with technology, M sport, cold weather, park distance control and BMW apps for a negotiated price of$57064 in North Carolina. Money factor is 0.00235 and residual value for 15k mi/year is $33785. I'm a returning lease owner and I presume $1000 loyalty credit has been applied to my negotiated price. Should I take the reduction in money factor instead? And why is the money factor so high is it negotiable?
  • rocky725rocky725 Member Posts: 30
    Here's the quote I got:
    2012 535i xdrive, premium, technology, cold weather, and satellite radio.
    MSRP $61,625
    15K miles per year
    $2K drive-off including first month, bank fee, and inceptions
    $675 per month (including new york sales tax)
  • ezinn12ezinn12 Member Posts: 25
    edited December 2011
    All,

    Picked up my new 2012 528i today. I ordered it custom last month. Below is the deal, probably not the best i could do, but not the worst either. Let me know what you experts think...

    2012 528i Fully loaded!!
    MSRP $61000
    Discounted $54385
    Excess wear & tear protection $671 (not financed)
    Out of pocket $2656.88 (incl, wear & tear, FL taxes, tag title, first month). $1000 loyalty incl.
    Monthly payment $777.11 12k/36

    eric-
  • gortexgortex Member Posts: 1
    Being offered lease on 528i with sticker of $54775 in IL. Must make decision today, cuz I won't be around after for current promotion/year end.

    Dealer wants $5500 down for $599 payment, 12k/mo and early turn in of my current leased BMW.

    Last time, I paid $3500 down for 535i and there was $2k rebate applied. Want to make sure I'm getting fair offer. Dealer says it's $200 above his cost.

    I asked about 10k miles/mo (what I have now, and is fine) and 42 mo lease instead (what I have now), and he is saying that payment diff on 10k miles is $12/mo and I shouldn't do that, and that monthly lease will go UP if 42 mos, cuz residual value goes down.

    I'm not that saavy on leases.Does this all sound accurate to you? I'm not seeing where the rebate and "option" credit are applied, but can't tell what the current rebate, etc. really is on 528i.

    Thank you!!

    John
  • mannyg23mannyg23 Member Posts: 1
    I would like to know the dealer because my quote is way off. I was told today $695 month $3K drive off with 10K miles
  • bruno1985bruno1985 Member Posts: 11
    Gortex
    I am gettin a 535i m sport package loaded car $62700 msrp , $3500 down, $2700 loyalty credit monthly payment including tax and everyhig $740 a month 12k miles 36 month lease.
    Am i getting a good deal?
  • bruno1985bruno1985 Member Posts: 11
    I got a new quoted from my friend who is a broker , 535i msrp $63,000, $3500 out of pocket , $2700 in rebates , 12k miles /year payment icl tax and everything $740
  • g8r92g8r92 Member Posts: 1
    Does the $3500 out of pocket include tag, title, inspection, doc fees, etc. or is the $3500 all cap cost reduction. Either way sounds like you got a pretty good deal - i'm just trying to back into what the gross cap cost was for the car.
  • hmehtahmehta Member Posts: 3
    Hi Car_Man/ other posters,
    could you please comment on the following quote:
    535 xi - with Premium, Nav and cold weather.
    MSRP: 61875
    Purchase Price: 56995
    3 years, 15 K miles each year
    Downpayment 3K
    Monthly Lease 889
    These numbers are inclusive of all the taxes and fee. NJ sales tax is 7%, registration is 550 and other paper costs are 450.
    Other parameters 53% residual, Interest rate 4%/MF roughly .00166
    My hunch says it is too high a quote. Any comments - what should I expect. Is only point of negotiation the sale price or are residual value, MF negotiable. Also I plugin the numbers in a lease calculator and the number comes lower so I dont know what else might be going on.

    Can you please tell me what would be a good /fair deal and what should I negotiate on.
  • hmehtahmehta Member Posts: 3
    Bruno,
    Congratulations. This seems like a great deal. What is the final purchase price after the 2700 rebate? Can you share the dealership name I am interested in buying a 535i x drive this week.
  • hmehtahmehta Member Posts: 3
    rocky, can you please share the dealership name because my quote is way off as well - my quote is 3K down + 870/month for similar options on an msrp of 61825
  • ocean13ocean13 Member Posts: 4
    Anyone know if the $1000 lease and finance incentives are separate or one and the same?
  • asteinbergasteinberg Member Posts: 138
    It looks like they have high MF to allwo for this huge MF reduction for someone with an expiring lese (not me). Anyway, there must be some problem with either MF or residuals, because the lease cost in Dec for a BMW for my wife, with lower MSRP than mine, is actually higher!
    1. Does the BMW year-end offer -- if you simply have had several BMWs, but no lease is expiring -- this is a second car for the sposue? ARe we talking about BMW loyalty cash back? Free Nav?
    2. Does this BMW year-end offer go to Jan 3, 2012?
    3. When you look at this as soon as you can in Jan, what what is the MF Jan 2012 for 528i, 535i, and 535 Gran Turismo, for 12000 and 15000 miles.
    Many thanks.
  • bruno1985bruno1985 Member Posts: 11
    I meet this guy who is broker and know very good relationship at mckenna bmw in california, u can reach me i you want or contact me.
  • macdadmacdad Member Posts: 75
    Does BMW still provide lease support for a 2011 550GT? If so, then 12K miles per year for 36 months please. Residual and Money Factor.

    Thank you,

    macdad
  • rocky725rocky725 Member Posts: 30
    Let me know where to send an email
  • tambo916tambo916 Member Posts: 2
    Looking to buy a lease a new 528xi saw the new residuals at 59% for 15k up. Since dec. does anyone know the new mone factor? Is it the same as last month? Also is owner loyalty credit of 1k still available?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi jennifer50. A money factor of .00195 is equivalent to an interest rate of around 4.7%...certainly not 0.9%.

    $500 under invoice minus any available incentives is a very attractive selling price.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi asteinberg. If you haven't finalized a deal yet, you don't have to worry about the loyalty offer any more because BMW eliminated it when it rolled out its new programs.

    BMW Financial Services' January buy rate lease money factor and residual value for a 36-month lease of a 2012 528i Sedan with 15,000 miles per year are .00190 and 58%.

    The numbers for the '12 535i Sedan are .00185 and 56%.

    The numbers for an otherwise identical lease of a 353 Gran Turismo are .00195 and 59%.

    If you were to lease any of these cars with only 12,000 miles per year, their residual values would be 2% higher.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi macdad. BMW Financial Services' January buy rate lease money factor and residual value for a 36-month lease of a 2012 550i GT with 12,000 miles per year are .00195 and 61%, respectively for consumers who qualify for its top credit tiers.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi tambo916. BMW Financial Services' January buy rate lease money factor for the 2012 528xi Sedan is .00190.

    Unfortunately, I don't believe that the owner loyalty incentives are available any longer.

    Car_man
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  • macdadmacdad Member Posts: 75
    Car Man
    You gave me residual and MF for 2012 550 GT. I was looking for a 2011 550 GT, 36 months and 12K miles. Is BMW still offering lease support for 2011.

    Thank you
    Macdad
  • tennisgal_cotennisgal_co Member Posts: 4
    Looking for the best deal on 36month 12k/year lease of 528xi (msrp 57-60k) or 550xi (msrp ~75k)
    thank you!
  • don_vitodon_vito Member Posts: 1
    I got a quote from a dealer today on a 2012 528i for 10k miles/year for 36 months. Quote was $5000 all-inclusive upfront costs, plus $571 per month payment, all taxes & fees included. Dealer tells me residual is 61% and MSRP is 51500 but he's marked it down to 49000 for me. Is this a good deal? I'd like to get payments closer to 500, not sure if that is fantasy land or not.

    Thanks to you guys for any advice or help.
  • rvcbmwrvcbmw Member Posts: 1
    Can you please forward the name of the dealership? I was goinf to purchase a 535 this weekend but will wait to hear from you. csk1255@gmail.com
  • tennisgal_cotennisgal_co Member Posts: 4
    here is what I got, I think it's the best I've seen

    2012 BMW 528i xDrive MSRP: $56,545Term: 36 monthsMileage: 12k/yearMonthly: $698.91 (includes tax)Due at signing: $1,702.91 (1st month, bank fee, doc fee) + DMV/Reg Fee + Shipping

    it's about $30/each 1,000, so on your car the deal would be better with 5k down
  • ap75ap75 Member Posts: 2
    Carman, what's the January figures for a 2012 535xdrive, 12K for 3 years?
    I am working w/ MD dealer with USAA pricing and planning to get a fully loaded, sport-packaged vehicle with Nappa (all options except Driver Assistance Package, Active Roll Stabilization, Rear Seat Entertainment and Night Vision).

    I am not eligible for loyalty credit but I have excellent credit history >770.

    MSRP $72K/Selling price with current incentives is $66K. What's the best way to lease this car? (How much down?) I want to keep monthly payments to absolute minimum and will pay tax upfront.

    Thanks!
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