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BMW 5-Series Lease Questions
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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?
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?
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.
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.
Car_man
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Car_man
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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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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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This money factor would be lower for loyal customers.
Car_man
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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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Car_man
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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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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?
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.
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."
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
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?
Which dealer is it? it seems to be better than I quote here. What is the final selling price with 528?
Thanks
Jen
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
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
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)
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-
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
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?
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.
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.
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.
Thank you,
macdad
$500 under invoice minus any available incentives is a very attractive selling price.
Car_man
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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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Car_man
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Unfortunately, I don't believe that the owner loyalty incentives are available any longer.
Car_man
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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
thank you!
Thanks to you guys for any advice or help.
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
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!