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Prices Paid: Buying & Leasing Experiences BMW 5-Series Prices Paid and Buying Experience
3453 messages, Last post on Nov 11, 2009 at 7:07 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: habitat1 (Nov 19, 2004 2:54 am) I plan to have my car CPO'd. I have gotten different prices from each of the 4 dealers I contacted. The best so far is $2,395 plus tires, but I purchase the car from this dealer at the MMR price (which they said is currently slightly below my lease buy-out price). Two questions: what is a "good" price to pay for the CPO? Also, is there any way I can independently track the MMR price (Manheim Riverside auction price) on a weekly basis so that I can verify what the dealer quotes me is accurate? P.S. In our discussions last month on this subject, the advice I received here was not to go through the dealer but instead negotiate directly with BMWFS. I still plan to follow this advice, however, I want a plan "B" in place just in case BMWFS will not negotiate, especially since a friend tried such a tactic with BMWFS and was unsuccessful in getting them to lower the buy-out price on his lease.
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| Have you checked out the value of the Euro vs the dollar lately? Just a few years ago a Euro was worth about 88 cents. Today it is nearly $1.30. BMW does its accounting in Euros. And the 5 Series is built overseas, including in Germany. BMW can only hedge so much. If anything, the value of the Euro is likely to rise in 2005. Wouldn't be surprised to see it hit $1.40. Maybe $1.50 by 2006? US budget and trade deficits putting pressure on dollar. | |
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Replying to: pen101 (Nov 20, 2004 2:06 am) I agree about the weak dollar, but BMW still has to be competitive and maintain market share, even if it means some short-term losses or profit reductions.. The Euro could go to $2.00 tomorrow, but that doesn't mean they can pull off a 50% increase in price. It may put pressure on their bottom line, but they still have to compete in the markets they have chosen to do business in.... Most companies look at it as a short-term fluctuation.. A majority of BMWAG is family-owned.. Companies like that can ride out ups and downs better than a purely public company that has to answer to shareholders and make their quarterly projections, so that management can collect their bonuses.. regards, kyfdx |
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Can someone with experience (perhaps a dealer on the forum) tell me whther I am getting a good deal? 2005 530i orient blue/auburn leather including: automatic, premium package, cold weather package, sport package, premium sound, xenon headlamps, navigation, head up display, park distance control, rear side airbag. Destination charge = $695 36 month lease; 10,000 miles/yr NY Sales Tax = 8.75% Money Factor = 0.00150 = 3.6% Residual = 63% $4000 down payment covering tax, acquisition fee ($1,000), 1st month payment, tags ($68), etc. Lease payment $675.52 per month. |
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I posted a message in the Lease section as well, but I am shopping for a 5 series, and my dealer told me that you cannot use multiple security deposits to buy down the rate if the rate is already "Subvented" or supported by BMW Finance. They also told me the "special" money factor was .0019, so they were adding the famous mark-up. Does anyone know what is correct regarding the buy down of the rate with multiple security deposits. In 2001 I was able to do this on a 325CI with no restrictions and the interest rate was therefore very low. Thanks!
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So after almost 3 years of suffering with her 2002 A6 3.0 Quattro (and the awful service department and customer service that came standard), we set out to test drive cars for her in case she has to order for sometime in March. She has it in her head that she NEEDS AWD and we're trying to convince her otherwise. She drove a 330xi and liked it, but thought the trunk and back seat were a bit too small. SO we're talking to the salesman and she's eyeing this 530i in the showroom. So we took it for a test drive. After driving the 530iA (bangalized and all), she decided she could live without AWD. She's genuinely excited about a car for the first time since she ordered a 1998 MB CLK 320 (the car she drove before the A6) back in August of 1997. So her positive test drive along with my Dad's excellent experience with his '04 X5 3.0i lead her to believe that her next car will be the 530iA. Now I have some buying questions: The car in question is an '05 530iA with Steptronic, Leather, Premium Package, Cold Weather, and Xenon headlights. MSRP is 50,720 Capitalized cost (right now) $48,300 (about $1500 over invoice) 36 month/15K per year lease 60% residual .0015 money factor $0 Cap cost reduction $667.56 per month Has anybody seen better on an '05?
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Replying to: azbmwx5 (Nov 23, 2004 5:43 pm) 1) MSD has always been available on BMWFS leases, even the "subvented" ones. 2) In 2001, you got a .0001 reduction for up to 9 extra deposits... that has changed.. the reduction is now half what it was and the extra deposits are restricted to 5. 3) So, before you could save .0009 with 9 extra deposits.. Now, you can save .00025 with 5 extra. As you can see, it is not nearly as generous as it was before.. It still makes a little financial sense, but not enough to worry about.. You can save a LOT more by just getting them to use the base rates. regards, kyfdx |
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Replying to: nyccarguy (Nov 23, 2004 7:36 pm) Don't know about the going purchase price.. but, I ran the lease numbers and got $627/mo + tax.. If you roll the $525 acq.fee into the cap cost, it comes to $643/mo + tax. There could be different figures for NY, not sure.. |
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in Rockland County where my parents live is 8.125%. The bank fee in NY is more than $525 because of the lovely loopholes in the law that allowed people to sue lending institutions for millions of dollars when someone in a leased car was involved in an accident. Many mfrs stopped leasing in NY for about 8 months. The banks recouped some of the money by charging more on the leasing fees. Their up front costs will be as follows: 1st month, Security, Bank fee, & DMV fees (also quite pricey in NY). |
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http://money.cnn.com/2004/11/08/pf/autos/cr_auto_reliability/ Whats going on with these new german makes nothing but problems it seems? First the 7 series was blasted for its styling and then poor reliability of electronics. What are the issues with the 5 series now? Seems like the all new AWD Acura RL which is prob. the most advanced car going right now in the class is the best bet. The Audi A6 is appealing only on the inside that front schnoze is super overdone and hideous.
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