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BMW 5-Series Lease Questions
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If I don;t trade- in should i sell it outside. What would be my best option? i think trade-in would lower my tax?
I am in Texas. Dealer won't come down on MF..anything else could i ask them?
I did not get my credit check to them yet. Should I ask them as I think I would have a good credit to qualify for better MF, is this possible?
I think hit has given you solid guidance regarding the lease. I have recently leased two vehicles, one of which was a BMW, and I traded in a vehicle each time. I checked Edmunds, KBB, and eBay Motors to get an idea of what I thought a fair price would be and insisted that I get the price I wanted. In each case, I had the dealership cut me a check for the trade essentially treating the lease as if there were no trade involved.
With regard to the money factor, I would check with other dealerships in Texas and contact them via their Internet sales department. I would guess there are quite a few BMW dealerships in Texas so you should be able to get several other dealerships to provide you written quotes for the vehicle you want. If you really want to work with the current dealership, insist that they match the best deal you have with regard to the sale price of the vehicle, the money factor, and fees. Since the end of the year is near, I would press them to sell the car at invoice and then subtract the applicable holiday cash, loyalty discount (if you are a current BMW customer), and the Ultimate Drive app discount (if you have an iPhone or Android phone, you can get an additional credit of $500 on a 5 series by downloading this app and scheduling a test drive at the dealership with which you decide to work).
I would contact another dealer, or call out your dealer on it demanding to get the correct rate.
Once they know that you understand what you're talking about, it becomes a whole other conversation and relationship with the dealers. Read up, understand how the pricing is calculated. Understand what the rates should be (i.e. car_man's latest numbers post), what the invoice price of the car is (you can ask the dealer and compare with Edmunds at http://www.edmunds.com/bmw/5-series/years.html?sub=sedan ). I've found that being armed with this information, I am able to call up a dealership and dictate conditions on my own terms, not theirs, saving myself lot of $$$.
MSRP is 56K and Final price is 52K..
I have been a lurker on these forums for a while and it has been a great resource for me in purchasing my last 2 BMWs. I just leased a 535i yesterday and took advantage of the 24 month "west coast" lease special. I want to share my deal with you all. I think I got a phenomenal deal on a brand new vehicle in stock. Thoughts?
2013 BMW 535i Sedan
Alpine White
Black Dakota Leather
Anthracite Wood Trim
M Sport Package
Dynamic Damper Control
Premium Package
Technology Package
Sport Automatic Transmission
Heated Front Seats
Bang & Olufsen Sound System
Park Distance Control
Rear View Camera
MSRP: $68,845
Invoice: $63,865 (includes $400 MACO and $180 Training Fee)
Negotiated Price: $62,865
Cap Cost Reductions: $2000 Holiday Cash, $750 Loyalty, $500 Ultimate Drive App Download Rebate = $3250 Combined
Price After Cap Reductions: $59,615
Additional Fees Rolled Into Lease: $725 acquisition fee
Total Cap Cost: $60,340
Lease Terms: 24 months w/ 10K miles a year
Total Cap Cost: $60,340
Residual: 74% - $50,945.30
Money Factor: 0.00125
Sales Tax: 8.50%
$530.56 = Base Payment
$45.10 = Monthly Tax
$575.66 = Total Monthly Payment
Due at Signing:
1st Months Payment: $575.66
Registration Fees: $104
License Fees: $413
Sales/Use Tax: $3.80
Electronic Vehicle Reg Charge: $29
Tax On Cap Cost Reductions: $276.25
Document Processing Charge: $45
CA Tire Fee: $7.00
---------------------------------------------
Total Due at Signing: $1453.71
I feel like this was the absolute best I could do on this car. I'm actually surprised the dealer went for it. It was my first offer to them and they did the deal. It's basically $1000 under invoice minus rebates. Most people seem to be paying $500 over invoice minus rebates.
Hopefully this information helps others. There are great deals out there to be had, so good luck everyone!
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I'm going to get 2013 BMW 535ix
msrp 63445
premium,tech,driver asst
rebate 3250(2000+750+500)
selling price 56195
residual 58% 36798
money factor was 0.00125
msd 4450
money factor after msd 0.00075
tax 7%
out of pocket 2110(reg ,1st pym,3yr reg.document, bank fee,tire tax)
610.01/month with tax
12,000*39 month
is this a good deal or push little harder?
I didnt't ask any this is a first shot.
I purchased the vehicle from Sonnen BMW in San Rafael. My sales advisor was Jerry Blomgren. Nice guy. It was a pretty easy deal. No BS. You would need to buy a vehicle in their inventory though. I doubt you would get a deal like that if they need to trade for the car with another dealer. I'm also not sure how many similar deals they would be willing to do. Mine might have been an exception because it was a higher MSRP vehicle which might have been harder for them to move.
Hope that helps.
Thanks
I am looking at a 2013 535 M sport. I have been offered the car at invoice, but recently found out it has about 3k miles on it. What kind of discount should I be looking for from here? Thanks.
Bmw takes msd for lower money factor
here is NJ
my rebates are
holiday 2000
loyalty 750
BMW apps 500
Plus 3 months payment wave for early return of current leased car
I was just quoted a 2013 535 X-Drive with the following:
Metallic Paint
Cold Weather Package
Tech Package
39 mos
10,000 miles/ year
Payment $609/ mo (including tax)
$2,200 Out of Pocket
MSRP $60,595
Thought this was a great deal until I read your blog.
I have a questions.
For the Royalty ($750) and the Ultimate Driving App ($500)... do I have to be a current "returning" BMW buyer?? :confuse: Is there any way that someone like me who wants to get into the BMW family can get such a sweet deal as well?
$1250 additional off is quite a lot to give up (
I've gotten a quote on a 535i with navi, rear view, sport seat, parking sensor (MSRP $59500)
for $548+tax, $2200 total drive off (for 24 months, 12K, and maxed out on MSD)
Is this a good deal? How low can I ask for? :confuse:
535i, Alpine White, Black Dakota Leather
$2,900.00 - M Sport Package
$1,500.00 - Premium Package
$2,800.00 - Technology Package
$500.00 - Sport automatic transmission with shift paddles
$1,300.00 - Multi-contour seats
$500.00 - Heated front seats
$895.00 - Destination Charge
MSRP - $63,495
Invoice - $58,975
Negotiated price - $57,975
Capitalized cost - $56,644
Residual (73%) - $46,351
Bank leasing fee - $725.00
Holiday rebate - ($2,000.00)
Loyalty rebate - ($750.00)
Tax on cap reduction - $213.13
License & registration - $499.75
Documentation Fee - $80.00
First month's payment - $600.80
Cash due at close - ($700.00)
Term - 24 months
Miles - 12k per year
Residual - 73%
Money factor - 0.00125
Depreciation per month - $428.85
Rent per month - $128.74
Base payment - $557.59
Tax - $43.21
Payment - $600.80
I was pretty happy with where I ended up... a $600 payment with 12k miles per year and only $700 due at close!
Car_man
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If I was in the market for this car in an area that has a decent level of competition, I personally would shoot for a selling price of $500 to $1,000 over the invoice price that is listed here at Edmunds.com minus the available cash incentives.
Car_man
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The problem that I personally have with demo vehicles is that dealers never seem to be willing to discount what is essentially to me a low mileage used vehicle enough for my taste.
I personally would want a selling price of well below invoice, at least $1,000 under, minus the $2,000 cash incentive ($2,750 for loyal customers) that BMW is providing on this car right now. I'm not sure that any dealer would be willing to do that, but that's what it would take to get me to bite on this car.
Car_man
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Happy Holidays and enjoy your new ride :shades: !
Car_man
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Looking to see what the current money factors and residuals are for a 550i. Looking for help with a 36/48 mos lease with 15k miles/yr. Any help would be greatly appreciated!
The numbers for an otherwise identical 42-month lease are .00125 and 46%.
I gave you the 42-month numbers instead of the 48-month numbers because the 42 month money factor is better.
Car_man
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would you be able to mention the dealer name & salesperson as well if possible ?
I'm also in NJ & looking to lease a 535Xi myself as well & If I get the same deal as yourself then i'll probably just go & lease it without too many questions.
Would be really helpful if you can give me the details.
Thanks in advance.
where did you get this deal from ? can you share some more details on dealership & if possible sales person's name ?
I'm in the market to lease a similar 535 BMW but not getting a deal anywhere close to yours.
any help will be greatly appreciated.
Thanks
Do you have any info on current leasing rates on M5 looking at 36-39 months at 12K miles per year
535i white with blk, with Premium/Navigation/Driver assistance package - $55,680 (MSRP 59,295)
36 months
15,000 a year mileage
Money factor - .00125
$2,750 cap reduction (holiday + loyalty)
Due at signing - $2,500
$687.34 a month including tax
Not getting anything close to others on this. Someone even quoted me around $800 for 2013 535i, prem, nav, white on blk, no down, lease 15k miles, 36 months.
What should I be getting in LA on this?
I think you need to focus on the 24 month lease deal (74% residual for 10k mi per year, 73% for 12K and 71% for 15k). It is the Dec special for West coast and Florida (?? not sure about the rest of east coast). And each dealer has only limited number of this 24K mi lease that they can offer.
The dealer only will do it for dealer inventory (or you pay higher so that they will go through the trouble to swap car with other dealer that may have the combo that you seek). And the dealer who still has allocation would want higher price. So the best bet is to look for dealer inventory and figure get a list of 528/535 that you may be interested in, get a dealer that is willing to get the car for you and still have these 24m lease allotment and go from there. It is almost a guarantee that you won't be able to get the best deal right now since the most aggressive dealer are done for the year and ran out of their allotment already.
But the deal is still pretty sweet if you can get close to invoice. The 24month lease special add roughly 5% (Car_man can confirm that) to the residual as compare to the rest of the country that don't have this special. So we are getting roughly $3000 support + interest + tax discount on a $60k MSRP car (roughly $3600 all in) on our 24 payments (roughly $150 per month) on top of the 2000 holiday credit (roughly $90 a month). I am shopping in N. Cal also and I ran a sample lease calculating the difference between a 36 month lease and the 24 months special. The 2 year lease come out $611 a month vs the 36 months lease come out to $704 with exactly the same discount, number of MSDs, holiday credit and money factor.
Premium, Tech, Cold Weather, Dynamic Handling, Rear view camera, park distance, Premium HiFi. MSRP: 65320 Invoice 60635 selling price at 60635, 7 MSDs
Drive off 4550 (MSDs) + 1290 (first month + registration + some misc mandatory fee)= 5840 (they allow max of $5000 charge on credit card).
Money factor: 0.00076 (after the MSD) ; Residual 73%
Monthly payment: 619.57 including 8.25% sales tax.
My CA (he is general sales manager), threw in a couple travel mugs and a set of all weather mats (The mugs and mats make my wife very happy.. The car make me very happy 8-)). The whole buying experience was very smooth, locating the right car is the hardest part.
Hunting for the right 535 is pretty difficult in N. California now if one want light color interior (Oyster, Cinnamon Brown, or Venetian Beige) with reasonably equipment. Most of the remaining stock units have black interior. Some dealer that are willing to do aggressive deal but have no 24 months special lease left. Other dealers who have those 24 months special lease available are not wiling to discount. It took my CA a couple days (we started the process on the 27th) to locate the deep sea Blue 535 for us. Initially we found a car in Concord BMW that fit my need but we were on hold for a day because they had a deal pending on that car. Yesterday, it took my CA two hours to got agreement for the Deep sea Blue 535 from Weatherford BMW and a couple more hours to do the physical swapping.
Given how late it is in the game (only 3 more days to go?). Looks like the best strategy is to find a dealer who still has those 24 months special lease available, negotiate the price (invoice + xx), And then try to locate the right car in other dealers inventory and do the swapping. Going from dealer to dealer to try to find the right car and the right deal is going to be very difficult.
I actually worked out a FANTASTIC deal by BLOOMFIELD BMW and would recommend everybody to go there. Stay away from Morristown BMW (where I wouldn't send my worst enemy.) Although, the competition in the area definitely helped and I was able to get a 2013 535xi with a $69,870 MSRP for $63,650 (about $600 below Edmunds invoice and $1000 under dealer indicated invoice.) Plus an additional $4,250 in rebates. Essentially, I paid $59,400 for this car. And the real kicker.....I ordered it to my specs. My advice, if I may, is read this website, understand the numbers, create an excel file with formulas, and do your negotiations over the phone. My big mistake was taking Morristown's word for their promotion then driving there and having them tell me they weren't going to give me what they promised so I wasted half of my Saturday. Can't say enough good things about Bloomfield BMW.
can you please provide me with January BMW 550ix 10K mile/year 36 months lease rate. what is the MF and residule value. rite now i am getting a quote for 550ix MSRP $66,545, MF .00130, resv 63%. are the MF and resv correct as per top tier credit. Negotiated price is $60,500.00. your help would be greatly appreciated. Thanx!
Car_man
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Enjoy your new ride :shades: !
Car_man
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Car_man
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thanks
Car_man
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Car_man
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BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
Can you tell me what the MF and Residual are for a 2013 528i with 15k for 36 months?
Thanks for your help!
BMW's current money factor for 2013 528i is .00130 and residual is 60% for 36 months and 15,000 miles per year.
Car_man,
thanx for all the help. I just closed on the deal for 2013 BMW 550XI. MSRP $72,245. Purchase price $65,336, Resv 63% (10K miles), MF .00081 (7 MSD). Monthly payments with NJ taxes comes to $689. I could have pushed them little more and gotten a better price, but i am happy that they complied with all my request and didn't nickle and dime me. It was straight up deal, no loyalty or competitor bonus. I asked them for 10% off MSRP and they came very close to it. I built the same car on Edmunds and TMV per my zip is $69,469 and Invoice it is $67,245. I purchased my car from BMW of Freehold. I would truly recommend them to everybody, very very nice people. Somebody on here just purchased there 5series end of December from Bloomfield, and Freehold is there sister delarship. Thanx!
rr4mywife,
if you mean cap cost reduction , than no. i put 7 MSD of $4900 which i get back at the end of term. plus at time of closing i had to pay drive of $2284.85 which is luxury tax $261.35, DMV $ 304.50, tire tax $6, Bank Fee $725, DOC fee $299, 1st month $689. sad part is that you can't get away from these fees. as Car_man and others have been saying. Don't look at the monthly payments. As long as you negotiate on the purchase price and get your MF and Resv correct, everything else will fall in place. just make sure delarship doesn't add any hidden fees in closing cost. In my opinion Purchase price, MF and Resv are the most important factor. Thanx!