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BMW 5-Series Lease Questions
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However I understand that BMW sent out incorrect residuals for the 2014s on Wednesday and quickly replaced them, but looks like they may not have been received by your dealer. I have heard that there are no changes for the 528i residuals from August.
Original MSRP was $62,800 - very well equipped.
New sale price is $53,897
Our price is $48,897
We are putting $2,500 down
36 month lease
10k miles/year
$528/month
We live in NJ and we are buying the car in PA
We are currently Not BMW owners so no loyalty incentive
I don't know much about the money factor or residual. What I do know is no one is touching this deal.
Side notes: The mileage clock starts at zero so we can take the car back at 35,800 miles
We called around to different dealerships and everyone else was in the upper 5's to mid 7's for a new and/or used 2013 with new car lease eligibility.
Does this sound fair? My buddy referred me to this guy/dealership. My buddy is a shopper and he has bought his last 7 BMW's from him (he leases every 2 years.)
Any thoughts/suggestions would be greatly appreciated.
Thanks,
Mike
Is this the buy rate? The right residual?
Is this better or worse than a true lease?
Any help appreciated. Thanks!
The biggest difference I see is that a lease has a fixed buyout or you can just return the car. On the "owners choice", there is no option to just return the car...you will pay any difference between the balloon amount and what the dealer (or other) offers you for the car. You are effectively just financing the car a different way under a fancy name.
I lease because I want to walk away from the car at the end of the lease....and unless I damage the car, I just drop it off and don't owe anything. With "owners choice" you have no idea if you will owe money or they will owe you money...unless you can guess at what the real value of your car will be after the "lease period". Don't assume that the lease residual is an accurate reflection of the real value. I currently have a mercedes on lease going back in Dec....with a residual of 77% ($46000)...the wholesale value of the car is less than $30000. Since I leased, MB eats that difference...if MB had an "owners choice" option (they don't), I would eat that $16000.
My 2 cents...be very very careful.....
I need please the Money Factor and Residual Value for a 2014 535i for 36 months and 10K miles per year. Any cash incentives / credits that I should be aware of? i am an existing BMW client with excellent credit. Also, would these incentives apply if I decide to do a European delivery?.
Many thanks for the information
Jose
MSRP: $54,125
Selling Price: $50,000 (includes $1K from the driving experience event)
Residual: 0.58
Acquisition: $725
Money Rate: 0.00125
Total Drive-off(including deposit): $17,500
Monthly Payment: $207.81
My thoughts are that the price is attractive, but the residual is way low. I hear its supposed to be 62%. Also, I can't back into their monthly payment. When I run the numbers, I come up with a monthly payment around $150.
Thanks!
JG
Again, thanks!
If your $1,000 is the UDE, unless your dealer can work some magic it will expire before your car arrives on the West Coast, as it is valid only for deliveries by October 31. Maybe you will be eligible for the Holiday Credit instead.
$17,500, even if including MSDs, is way too much to put down on a lease, as if the car is stolen or totaled, your money will be gone, and you are giving up the implied value of the free GAP insurance.
Can't comment on your payment calculation, as you haven't provided enough info.
That's a great point - I didn't think about the fact I'd be out a lot of money w/ a big down payment if the car is lost or stolen.
But what other info do you need to calculate the monthly payment. I realized I was missing sales, which is 9%, but what else do you need? I thought the cap cost would be $50000 + $725 = $50725, but I take it that's wrong.
Any guidance would be helpful. First time lessee.
Thanks!
JG
Thanks
JG
I believe there is $3k, is that applicable for lease? And any loyalty? Thanks all.
Do you have the money factor on this for Sept also?
I live in Indianapolis if that matters...
Thanks in advance!
36mo, 12K/yr
.00125 and 54%..
Maximum MF markup is .0004, so that is where you are getting .00165
There is $3000 of build out cash and $1000 of owner loyalty..
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Base Price $49,500.00
ZMM M Sport $3,150.00
Metallic Paint $550.00
Destination and Handling $925.00
TOTAL AS EQUIPPED $54,125.00
SELLING PRICE $49,390.00
Term 36 Months
Mileage 10,000/year
Money Factor 1.25
Residual Factor 62%
Selling Price $49,390.00
Total Capitalized Cost $49,390.00
Monthly Payment $543.48
Tax (9%) $48.91
Monthly Payment + Tax $592.39
License & Registration $455.00
Bank Fee $725.00
Documentation Fee $80.00
First Payment $592.39
Security Deposit $0.00
Drive Off $1,924.84
Due at Signing $1,924.84
60% and .00125...
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Are you confusing the 528xi and the 535xi, as the residuals are different?
2014: .00125 MF and 60% residual..
regards,
kyfdx
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What would be the MF after applying 7 MSDs for 2014/535i xdrive/36mo/10k?
MF is .00125 minus .00049 for a final MF of .00076.. The residual is 60%
regards,
kyfdx
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dealer is quoting me:
MF of 0.00165 (mark-up of 0.0004)
residual of 60% (correct)
sales price is 3200 below MSRP, or 1300 over invoice according to Edmund
doc fee of 200 (wtf...)
acquisition fee of 925 (mark-up of 200)
Do you think I can at least get the price down to 500 over invoice, based on all markups on these drive-off fees?
12k and 15k leases
Thanks !
12k and 15k leases"
36 mo, 15K/yr
.00125 MF and 56% residual.... add 2% for 12K/yr..
regards,
kyfdx
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I am also looking for the October numbers
for a 36m/10K lease for a 2014 535i Xdrive Msport.
Cheers
Kaysid
regards,
kyfdx
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Not sure who to direct this to, but Edmunds still does not show 2014 MSRP or Invoice pricing for the 2014 models yet, wondering when this might be up as its a great help when negotiating an invoice price point. Since dealer invoices always seem to be more than the real invoice price of the car.
Hopefully, it won't take long for us to catch up.. (not my department, as they say...lol)
regards,
kyfdx
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Can someone post October 2013 M5 residual/MF for 10,000 miles?
Thank you.
RJ
.00125 MF and 57% residual.. 42 mo. residual is 48%
regards,
kyfdx
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I know the MSRP has been increased by $2000, and heard rumors of an improvement on the residual.
.00125 MF and 55% residual..
$1000 of option credit cash and $1000 of lease loyalty..
regards,
kyfdx
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