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BMW 5-Series Lease Questions
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MSRP is 44,470
Cap Cost is 41,950 (MSRP - 2500 down - 645 discount + 625 Acq Fee)
Money Factor is 0.0016
Residual is 63% (36 mo/30K)
Payment is $499
For the 530i
MSRP is 51,245
Cap Cost is 49,545 (MSRP - 2500 down + 175 premium + 625 Acq Fee)
Money Factor is 0.0014
Residual is 63% (36 mo/30K)
Payment is $594
Has anyone leased a 2002 / 2003 BMW 540 with the Sports Package. What
was the residual value of the car when you return the car?
Thanks,
Dave
Bit long winded but first post:
What's the general feeling on lease transfers? Clearly there are a couple major sites that specialize in facilitating this service. I am curious as to Car Man's and everyone else's opinion on this. Specifically, there is a 2005 545i offered with 4200 current miles and just under 32k left on the lease, which expires in early April 2008. Original monthly payment was 909/month for lessee and he is offering 859 a month now. Lease transfer fee is $450.
So again, what does everyone think of the concept in general? Then, what about this specific car? Worth pursuing or better off going to the dealer directly? From some of the reading I've done here almost seems like a ripoff. Any other info you need?
More specs on car:
Like New Condition 545i V8 with Sport Package. Silver Gray Metallic (car pictured). Auto Trans, Premium Logic7 Sound with Sirius Satellite Radio, Active Stearing, Active Suspension, Cold Weather Package, Split Folding Rear Seats.
I am new to this forum, but I love what I read here. So many knowledgable and nice people around here.
I am in the market for a new 06' 530i with sound/nav in Nor-California.
Here are my questions:
1. Is $1000 over invioce a good deal or I can do better? What is the invoice for above config?
2. 0 down or not?
3. What is the best money factor?
4. I am the 1st time lease customer, do you need to call/cut a deal with BMWFS or bank before you go to the BMW dealer? or it all can be done in the dealer?
5. What are the other normal amount for other fees?
6. Please share any other advice you want me to know.
Thanks in advance,
Harry
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As far as making a down payment when leasing goes, I always advise consumers against making any sort of capitalized cost reduction when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your 530i would be exactly the same, regardless of whether you had put several thousand dollars down, or had made absolutely no down payment at all.
BMW Financial Services' current buy rate lease money factor for leases of the 2006 530i up to 42 months in length is .00140 with the payment of a security deposit. BMW FS does not deal directly with the general public, so you will have to go through a BMW dealer to lease your car. At lease signing, consumers who lease BMWs normally have to pay their vehicle's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $50 increment, BMW FS' acquisition fee of $625, and any required state taxes or fees.
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One more question: What is the best time to buy from now? Around Christmas? End of October or November, if I can't wait until New Year
Is that true that you usually got a better deal for the car on their lot rather than ordering? Thanks!
As for this specific car, you'll have to do all the math and compare it with deals available on an equivalent new car at this time. Just be sure the remaining miles fits with your needs.
Thanks,
David
Thanks for all the advice! Looks like I'll be driving a new 530xi come December 14th...
MSRP $51,915
quoted price $48,867
I am looking at a 36 month lease with 20,000 miles. What is the Money Factor and the Residual Value through BMW Finance for this lease. I currently have an 325xi that the lease ends the first week in November so they have my security deposit from my current lease. Is there anything else that I need to consider or am forgetting? My tax rate is 6%. What should I expect my monthly payment to be?
Thank you. I have thoroughly enjoyed this forum.
i went to this place called AutoStarLeasing, they don't carry any cars, they are just a leasing place. They lease/sell any car and they deliver quickly. They told me
$589/month for 36 months 12k miles, 2006 BMW 530xi + Premium + Cold Weather, no money down, is this possible? thanks
The MSRP is $48,720 (includes a $700 destination charge).
The dealer that I am speaking with has a number of 525xi's on his lot--but I am really interested in the 530xi--but he persistently telling me "why pay more" when the car is not really much different. Is the car worth the additional cash??
What is the MF and how much of discount is being given on the 530xi's??
1) 530xi has more powerful engine (255hp vs 215hp), although they are actually the same displacement (3.0L)
2) Standard features on the 530xi that are options (or included in a package) on the 525xi: Lumbar support and xenon headlights
3) Available 18" wheels on 530xi; 17" are largest wheels available for 525xi
4) 530xi base price is $4300 more than 525xi
So you need to evaluate what is most important to you.... When you break it all down, probably the biggest thing between the two is the engine... Drive both and compare -- is the 530xi worth the price to you?
anyone know if i should lease a car this month or wait for next month, maybe it will be cheaper closer to years end? 530xi by the way.
Lemmie Know
Thanks
I am planning to lease a 2005 BMW 530i for 4 years with 12K/yr. What is the money factor the BMW's finance service uses? What is the residual value after 4 years?
Thank you very much.
Base money factor is 0.0028(6.72% interest).
Any specific reason you are looking for a 4 year lease? If it's to reduce your payments, then you'll be surprised to know that almost all of BMW's vehicles have their cheapest lease payments at 36 months, including the 5-series.
I just got a quote for a new 06 530i, Steptronic, Premium Package, Premium Sound and Navigation. Out of the door for $54640.00, MF 0.0018. (7.5%, tax?, North Califonia)
1. Is this a good deal? What is the monthly payment 36/12, 0 down?
2. Should I ask them to break down the numbers?
3. I want to lease, was it done at the dealer or I should contact BMWFS myslef?
Thanks very much!
Bimmerdude
MSRP with the options is $54,170.
Please tell me more about how to get the lease program going :confuse:
Thanks again!
You will definitely have to lease through the dealer... You can't go to BMWFS directly...
regards,
kyfdx
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I was told for that price ($54640) is out of the door price and MF is 0.0018, he also told me the selling price is $50, 830. Should I ask him to break down the price before going there and see some hidden fees? What do you suggest me to do, please? Dose the deal still sounds good :confuse:
Thanks
A few things..
1) The base money factor is .0014 with a security deposit... If they use .0018, then they are marking it up the maximum allowed for extra profit..
2) You will also have to pay an acquisition fee of $625 (they will most likely try to mark this up as well).
If you add the acquisition fee into the cap cost (selling price + acquisition fee), then the payment would be $608/mo.+ tax.... or about $654/mo. with tax included.. At signing, your upfront payment should include 1st payment, security deposit, and title/licensing fees.. The total upfront should be somewhere in the $1700-$1800 area...
Your selling price looks very good... If you can get it translated into the lease deal I've described, then you've done very well..
regards,
kyfdx
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i am being offered $591 a month for 36 months 10k miles a year 530xi MSRP 52,520 their selling price 49,500 (not exact)....like 4k discount. so it's gonna be $626 with tax. I am just wondering, is it going to be cheaper in novemeber or december should i wait? Any ideas?
Thanks Alot
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If I go with 18,000 miles per year for 3 years and buy that up front at $0.15 for miles, do I add that cost to the sell price to calculate the lease payment?
MSRP $47,865
Selling $45995
..00185 money factor
4.4% interest (very good!)
36 Months/ 12,000 miles
Monthly payment $654
Money down at conception $1700.00
or
Monthly payment $666.00
Money down at conception $1000.00
Seems like a should get more of a discount of price and a lower money factor. Any thoughts? Thanks
I am paying $673 per month with no capitalized cost reduction (no money down) on a 3 year, 36,000 mile 2005 545i lease-a $60,000 vehicle!
Something is seriously out of whack here.
Walk away!
Also, unless this car has a mommy and a daddy, I do believe you mean inception rather than conception.
regards,
kyfdx
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I also got another dealer quote me, however, they are asking for fees like Maaco fees, BMW training fees, color charges. Are these made up fees? If not, please tell me what is the reasonable amount for these fees?
Thanks again!
However, if they are just quoting you a selling price, then trying to add these charges on... that is just hooey.. those are their costs, not yours...
Color charges? Unless it is the $475 charge that is on the new car sticker for metallic paint, I'm not sure what that could be...
I'd rather stick with a dealer that is more upfront about pricing..
regards,
kyfdx
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I notice you've posted more recently in this forum as opposed to the Z4 lease forums. Could you briefly look at my lease question under Z4 lease?
Thanks for your help!!!
Any thoughts?
BMWFS allows dealers to mark up the money factor for extra profit... The maximum markup is .0004... .0016 + .0004 = .0020.....
Hmmmm......
regards,
kyfdx
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Can you tell me what the current money factor and residual is on the 550? I'm looking at a 36Month/12K per year lease (but I am curious about the residuals for 10K and 15K as well).
Also, do you think the money factor will go down at all in December?
Thanks in advance!
RUN!!!
BMW Financial Services' current buy rate lease money factor and residual value for a 36 month, 12,000 miles per year lease of a 2006 530xi are .00140 and 62%, respectively. For me personally, the minimal differences between the 525 and 530 would not be enough to justify the higher cost of the 530.
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