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BMW 5-Series Lease Questions
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thanks.
Also, can you list the money factors and residuals for the 525i please sir.
Thanks.
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Good Luck
thx
I dont think I am allowed to post salespersons names here but please email me and I can send this to you. I am very happy with prestige and have bought my last three BMW's from them. They usually price outmuch better than park avenue.
It's now October. Do you know what the residuals and buy-rate money factors from BMWFS are for a 530i with 15k miles?
Thanks,
BebopJazz
bmwfan5, give us some details about the car and show us some numbers. If you and that "deal" are legit, I will have to start shopping out of state for my 550i. I want:
2007 550i
White on Auburn
Sport
Manual transmission
Cold Weather
Heated rear seats
Navigation
Sirius
Wood shift knob
As configured at BMW's site, the MSRP is $65,739. The local dealer is basically not willing to negotiate at all. I don't mind travelling a few hundred miles for a good enough deal.
My preferred car would be as follows:
2007 550i
Automatic transmission
Titanium Grey exterior, Black leather upholstery, anthracite wood trim
Sport package
Logic 7 Sound
Heated front seats
Navigation
Sirius
fold down rear seat
rear air bags
Thanks.
Any thoughts would be greatly appreciated.
Car_man
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Oh, and I'm recommending he come out of pocket on the remaining two lease payments rather than rolling them into the new lease. Agree?
Where'd you get those rates, Car_man??
MSRP- $57,915
My Price- $55,000
$ Factor .00160
Residual 62%
Payment $715 per month
12k miles per year
$750 Sec
$625 Bank Fee
$715 first payment
$1,400 Tax
$349 Motor Vehicle
$149 Doc Fee
Total out of pocket- $3,988
My goal is to get all of the fees rolled into the monthly lease payment and reduce same to $700 per month. Anyone think this is possible based on past experiances?
Thanks
2007 550i, 36 month/15k per year
Monaco Blue
Beige Leather
Auto/Tiptronic
Logic 7 Sound
Cold Weather
Sirius
MSRP = $61740
Cap Cost = $58040
Payment = $780 per month including tax. Total due at signing including Acquisition fee ($650), Docs fee ($289), Title fee($25), Registration ($145), security deposit ($800),first month ($780) = $2689. Could have made an additional 7 security deposits to bring the payment down to $737, but chose not to. Good luck!
I'm going to damage somebody if I don't get some answers as to why I can't get the deal on a 550i that some of you are! And Car_man seems to have dropped off the face of the planet. :confuse:
If not, e-mail a few dealers in driving distance, and explain you want a deal on a 550i. Someone will give you a better price.
$900 and a lot of cash upfront is way too much for a 550.
I'm more than willing to travel two or three hours to get a better deal. I just wish somebody would verify that the October MF on a 550i really is .0015.
2007 BMW 5 Series 550i / Compare Instant Lease Quotes
24 mo/15k mi – Residual Value 70% of MSRP – .00150 Base Money Factor Rate
36 mo/15k mi – Residual Value 59% of MSRP – .00150 Base Money Factor Rate
48 mo/15k mi – Residual Value 39% of MSRP – .00319 Base Money Factor Rate
60 mo/15k mi – Residual Value 31% of MSRP – .00319 Base Money Factor Rate
------
Based on that, if you lease a base 550i, get $2000 off sticker, and pay all fees up front, and max out your security deposits, your pre-tax payments will be:
24 month : $753/mo
36 month : $709/mo
Even better if you can get more off of sticker.
I just figured that if you did euro-delivery, the same lease could be $518 a month for 24 months. Pretty sweet.
Here's a little spreadsheet I put together. Tell me if my numbers are wrong:
MSRP $64,890.00
Residual Value % 59.00% $38,285.10
Invoice $59,880.00
Discount Percentage 0.00%
Incentives (rebates,etc.) $0.00
Cap Cost $59,880.00
Depreciation / Pymnt $21,594.90 $599.86
Down Pymnt / Trade $0.00
Purchase Price $60,880.00
Dealer Fees $1,659.00
Tax 3.00% $1,826.40
Lease Term 36
Money Factor 0.0015
Interest Rate 3.6
MF / Interest Payment $151.24 $5,444.50
Flat Payment $751.09 $27,039.40
Total Payment $773.63 $27,850.58
Are you paying fees and tax up front? If so i get 747 as my "flat payment". So we agree inside the margin of error.
By making six additional security deposits you can buy the money factor down to .0108. That would cut your payment to $705 a month.
The money factor for a 530 is .001 now, the the residual is 70%. That's tempting!
http://www.bimmerfest.com/forums/showthread.php?t=168909
Thank you. That site was helpful.
Do you know if the current residuals and $ factors will last into next month? I am not due to be out of my current lease until 2/07 and I want to take advantage of these lease rates.
Thanks again
Almost makes me want to go test a 530i though!
So based upon your past experiances, I should wait for January to order my car which does not come off of lease until February. I have been monitoring the lease factors of BMW since July and thought it might be best to lock in now with the thought that I would get the car in January and eat the last month and a half of my current car. I just wish there was some way that I would know that BMW will hold these great rates esp on the 24 month until Jan.
Thanks
Thank you
You can make up to six extra security deposits, each of which lowers your money factor by .00007. So if you get a non-marked up money factor, and make six more deposits, your money factor would be .00058 -- almost no interest. By my calculation, that would get you down to 559/mo.