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BMW 5-Series Lease Questions
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Comments
If you are getting the tire insurance, make sure you get a good price on that also, there is wiggle room and you may be able to pick it up from another dealer.
BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
So, a 36 month, 18K/yr lease would have a residual that is $1350 lower than a 15K/yr lease.
regards,
kyfdx
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I'm currently getting out of a 528i lease in 6 weeks and my local SouthBay BMW (Los Angeles) dealership is quoting me the following and saying I should take the deal by end of May (otherwise incentives may go away).
I'd appreciate if you guys can give me comments on this. I'm trying to verify the MF/Residuals/incentives are all correct:
535i Sedan (Silver Color)
Sports Package, Technology Package, Premium Package, Sprots Automatic Paddles ($500)
MSRP: $61,625
Invoice : $56,700
However, they added $380 Maco, $200 Training/Service Fee, and $231 "Dealer Prep & PDI Fee" so actual Invoice is $57, 510.
They subtracted $1500 loyalty rebate and current $1500 option allowance so I'm about $55,570 adjusted capital cost.
36 month / 12,000 mile lease:
Residual : 58%
MF: 0.00185
$1,352 Drive off (1st month & dmv fees + $135 tax on the $1500 rebate)
$721/month
$785 (including taxes)
I have a few questions:
1) Is 0.00185 MF correct ? (i heard that owner loyalty may be lower)
2) is 58% residual correct ?
3) should they add MAco/Service fees and this $231 dealer prep fee ?
Any comments appreciated !
I'm currently getting out of a 528i lease in 6 weeks and my local SouthBay BMW (Los Angeles) dealership is quoting me the following and saying I should take the deal by end of May (otherwise incentives may go away).
I'd appreciate if you guys can give me comments on this. I'm trying to verify the MF/Residuals/incentives are all correct:
535i Sedan (Silver Color)
Sports Package, Technology Package, Premium Package, Sprots Automatic Paddles ($500)
MSRP: $61,625
Invoice : $56,700
However, they added $380 Maco, $200 Training/Service Fee, and $231 "Dealer Prep & PDI Fee" so actual Invoice is $57, 510.
They subtracted $1500 loyalty rebate and current $1500 option allowance so I'm about $55,570 adjusted capital cost.
36 month / 12,000 mile lease:
Residual : 58%
MF: 0.00185
$1,352 Drive off (1st month & dmv fees + $135 tax on the $1500 rebate)
$721/month
$785 (including taxes)
I have a few questions:
1) Is 0.00185 MF correct ? (i heard that owner loyalty may be lower)
2) is 58% residual correct ?
3) should they add MAco/Service fees and this $231 dealer prep fee ?
Any comments appreciated !
I have a few questions:
1) Is 0.00185 MF correct ? (i heard that owner loyalty may be lower)
Yes this is correct
2) is 58% residual correct ?
Yes correct. 36 month is 56% and you add 2% for 12k and 3% for 10k if you were ever curious about residuals for lower mile tiers.
3) should they add MAco/Service fees and this $231 dealer prep fee ?
Yes, Maco is charged on every car and you cant get out of it. Its a legitimate charge. Prep fees are ok too. Here in GA any BMW dealership charges $600 as dealer fees and I think ur lucky to not get charged like we do
The lease numbers do add correctly and I think its a good deal. Go get it! Congratulations on your new 5 series.
Invoice 61k
2500 down, 600 a month (Including Tax)
36 months 10k miles per year
It sure seems like a good deal....
Thanks for your help.
I'll give the place, once I decide to do the deal (or not)
So far this deal has beat Audi and Benz. I personally like the 5, but they do depreciate like a President starting war in the Middle East...
This month, according to my dealer, the top tier buy rate for the 528i at 36 months is 0.00175. According to both my dealer and the BMWUSA website (helped by a handy calculator, the 10k residual is now 61%, which would make the 12k residual 60%.
Also, if the tax is the same at South Bay as it is here in L.A., then the tax your dealer is quoting you in the rebate, "$135," should be $131.25.
The training service fee is legit, but, in California, a Document Fee, or "Dealer Prep" fee, cannot legally exceed $55. Yeah.
Rock and Roll.
I'm pretty confident that BMWFS's June residual percentage for a 2012 BMW 535i at 12k per year is 58%, but I'm a little confused on the money factor. Methinks it's about .00175.
Save me, Car_man, save me!
Oh! Also, how does this alleged $1,500 option allowance work? Can in it work in tandem with the loyalty rebate? How many car salesmen does it take to screw in a light bulb?
. . . most seemingly, so long as they haven't TOLD ME they will screw in the light bulb, I see no reason why any one able car salesperson couldn't do it.*
*Tax not included.
Car_man
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Now:
I am under the impression that the $1,500 "Option Allowance" being offered on the 5-series applies "against the MSRP of the final purchase, loan or lease."
If this is the case, then my question is:
If I am leasing, then in what instance would I EVER want to use the "Option Allowance"?
The answer becomes even more seemingly obvious if I have already worked out a selling price!
Whatever the selling price is, I always want a HIGHER MSRP for a higher residual. Lowering the MSRP after (or possibly before) I've gotten a selling price would do nothing but raise my monthly payment!
Lastly, even though it's termed an "Option Allowance" on the BMW web site, Car_man referred to it as "Dealer Cash" in his previous post in this thread. Does that mean I can use it against selling price at all?
Again, sorry for my long-winded, utterly specific questions. And thanks for help!
2012 MY 550i
M-Sport
Conv. Package
Auto with Paddles
Heated Seats
MSRP: $69,395
12K Miles
$0 out of pocket
36 Months
Thanks everyone.
Edmund's True Market Value will vary according to where you are in the country. Invoice should be the same, though, at $63,870.
Here's what it is assuming you have top tier credit and using the TMV for around here, but BEFORE TAX and not including license, registration, or document fee cuz I don't know where you are (using the rate and residual I got from another site; not entirely certain about them, but they should be close)
MSRP: $69,395, Selling Price: $65,300
Acquisition: $725, First Month's Payment Rolled in: $919.99, CAP: $67,014.99
Money Factor: 0.00190, Residual: 58%
Monthly Payment Before Tax: $947.30
Also, the dealer only offered $5k below MSRP ($1k over invoice), which I don't feel was too great of a deal, especially with the '13's around the corner.
What do you think will change once the 2013's hit the lot?
Car_man
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The residual value for a lease with only 10,000 miles per year would be 1% higher.
Car_man
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Given the fact that BMW is currently providing a $1,500 cash incentive on this car, a selling price of $1,000 over dealer invoice does not look that great to me. Unless the dealer is subtracting the option allowance from that, you'e really at around $2,500 or so over.
This dealer doesn't seem that great to me. Have you tried shopping around any? It might not be a bad idea to comparison shop with another dealer or two in your area if there is any.
Car_man
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I have received a price from a dealership in Houston that is about $2k under invoice and this has all been done online, so much more pleasurable experience.
I haven't discussed leases with them yet, but wonder if that can all be handled via email as well. It would be great to just have to sign paperwork and pick up the vehicle.
Msrp 51k
1k down and $500 a month
I could buy an ~09 with ~30k miles or lease a new one. I decided to lease.
Do people still do multiple security deposits?
Looking to lease a new 528i. Thanks for all the info.
I was not really not impressed with the factory options, except for comfort seats and parking system. Was not worth 1200 a year for extra stuff in my case.
Car_man
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Any updates on the current (July) incentives/rebates and lease rates for 2012 528i? Thanks.
This month there is $1,500 dealer cash and $750 loyalty cash on leases of this car.
Car_man
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- Technology Package
- Cold Weather Package
- Premium Package
- tire insurance
- Dark Graphite Metallic with Oyster / Black Dakota interior / Dark Wood Trim
We were quoted $691 without security deposits and were quoted $649 with 7 security deposits.
The salesman said the money factor is .00145 and residual is 58%.
How would you rate this deal? Thanks!
Can you give me the MF and residual for a 2012 535i GT for 36 months/12K per year.
Thanks
Also, with the $2500 Option Allowance, should that be money I subtract when negotiating the final sales price? i.e. if I negotiate $1000 over invoice, should I then subtract the $2500 and be paying $1500 under invoice for the car? Sorry, these programs throw me for a loop!
What are July incentives for 528i 2012 model
And what are buy rate MF and Residual for 24Mos and 36Mos 10K / year ?
Thanks
Charles
1. $1,500.00 option/dealer discount
2. $750.00 loyalty discount.
3. $500.00 current BMW owners downloading ultimate drive app voucher.
I also got a quote for 2012 528i (white), with premium, navigation and heated seats fro $48,600.00, which compared to what others were getting seemed slightly higher.
Resid/MF/Inv Price vs Cap Cost
Was it 1K down plus additional drive-off or just 1K out the door ?
This would really help me out - thanks !
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum