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BMW 5-Series Prices Paid and Buying Experience

3087 messages,  Last post on Oct 12, 2008 at 3:26 PM

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What is this discussion about? BMW 5 Series, Sedan, Wagon

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#2946 of 3087 Re: 528i in Charlotte [capsfan] by mikesmithtx644 Apr 20, 2008 (2:06 pm)
Replying to: capsfan (Apr 20, 2008 1:31 pm) Well, I just took an approach of honesty. I told them that I had a deal on an Infiniti M35 and I needed to make a decision by this weekend and that I preferred to have another BMW ( I currently have a 2002 530i - not financed through BMW). I said I just wanted to lease now because I want to buy a new car when the new model 5 series comes out. Again, just the truth.   I used the terms I saw on this board (thank you to all who contribute to this board) and ran my own calculations and thought I had a chance at hitting the $650/mo or less I needed. I told my sales guy I can afford $650/mo (nothing out of pocket - except maybe the first payment) and said that it was simply a 'yes or no' answer and they just needed to tell me 'yes' or 'no.' Real simple. No games. I told this to my sales guy and he had his finance manager call me. After my phone call with the finance manager where I laid it all out he said he would speak with the sales manager and get back to me. It was their creative idea to use the demo car as an option.   Assuming the car checks out this week, BMW will have a sale. The sales guy never offered this as an option, so if I wasn't stubborn this deal would never have happened.   One tact may be to go straight to the Finance manager and lay it out. My conversation with him was a breath of fresh air. No stupid comments like 'put $3600 down and I can lower your payments by $100/mo.'   I did learn that BMW actually pays the dealership for the use of the Demo's, so even with a below invoice deal, the dealership is still in the money.   I wonder how many car sales a dealer actually looses because of their sales team?   Hope this helps....
#2947 of 3087 Re: My First BMW-Did I do OK? [smithsonga] by ctshorse Apr 20, 2008 (2:10 pm)
Replying to: smithsonga (Mar 28, 2008 8:02 am) NEVER EVER put money down on a lease. It's just irresponsible. In your case, get the dealer to issue you a check for the $4K. This is what I did when I got my first BMW and had to get rid of a Nissan 300Z. If you signed the papers, CALL THEM Monday and demand a revised contract with the $4K back to you. They may bump the MF a little but still, you keep the cash. If the car is stolen ot totaled you will lose that $4K. My accountant screamed at me the day after I did the deal. Then he made me correct it. Good luck. Replies to this message: rudor (May 24, 2008 5:00 am) ponytrekker (May 24, 2008 5:13 am) ctshorse (May 25, 2008 10:27 am)
#2948 of 3087 Re: 528i in Charlotte [mikesmithtx644] by mikesmithtx644 Apr 25, 2008 (8:25 pm)
Replying to: mikesmithtx644 (Apr 20, 2008 6:43 am) I drove home my new BMW 528i today (Monaco Blue, Brown Leather, Xenon, Heated front seats, iPod, comfort Access, Premium Package). MSRP - $50,075   To be fair I bought a demo/loaner car with 9,100 miles on it (but it will be under warranty for as long as I have it), but here is the deal.   Term: 36 Months Type: Lease Mileage/yr: 12,000 Cap Cost: $45,524.15 (my only out of pocket was the first payment. Acquisition fee was $825, Tax was 2618.52, title $184.30, price of vehicle $41,896.33) residual value: $29,669.50 ( I thinks this works out to about 65%) depreciation: $15,864.55 rent charge: $6632.03 total of base monthly payments: $22,486.68 Monthly lease payment: $624.63   There are no other fees detailed except the $350 disposition fee at the end of the term.   I do not know what the money factor is as this is not called out on the paperwork. I am not quite sure how to figure this out.   Thanks to all who have posted here. I wouldn't be driving this 528i with our all of the good info posted here. I hope this will help others.   What do you all think of this deal? My next best deal for a similar car was $752/mo. Replies to this message: smithsonga (Apr 26, 2008 7:47 am)
#2949 of 3087 Re: 528i in Charlotte [mikesmithtx644] by smithsonga Apr 26, 2008 (7:47 am)
Replying to: mikesmithtx644 (Apr 25, 2008 8:25 pm) seems like an OK deal if are satisfied leasing a used car (demo are used...they are just allowed to sell them as untitled new).   I got a 528i back in December, 2 yrs, 10k miles/year. $52k msrp....around $48k price if I recall. $1800 total down (doc fee, acq fee, a small cap cost reduction..about $400, long story). $600/month including 7% sales tax.
#2950 of 3087 Warranty and Loaner Cars by gjonesmi Apr 26, 2008 (7:59 am)
If you purchase you BMW at a dealer that is not local, does the local dealer have a responsibility to service your car and provide a loaner. Replies to this message: kyfdx (Apr 26, 2008 8:17 am)
#2951 of 3087 Re: Warranty and Loaner Cars [gjonesmi] by kyfdx HOST Apr 26, 2008 (8:17 am)
Replying to: gjonesmi (Apr 26, 2008 7:59 am) Any BMW dealer will be glad to do service and warranty work on your car..   Loaners will vary by dealer.. Given enough notice, my local dealer will provide a BMW loaner to any service customer, regardless of where they purchased their car.. Some dealers only give loaners to their own sales customers.   BMW NA has no policy or requirement for loaners. It is solely at each individual dealer's discretion.   regards, kyfdx
#2952 of 3087 Re: One more 550i ordering question [chile96] by SergeyM May 02, 2008 (4:16 pm)
Replying to: chile96 (Apr 16, 2008 7:01 pm) BMW 550 with the sport package has M-aero package standard. Check BMWUSA.COM if in doubt.
#2953 of 3087 525 or 530 i by blksapwit19 May 04, 2008 (6:25 pm)
Im in the market for a 5 series im lookin at two vehicles a 04 530i with 36000 mil on it or a 05 525i with 28000 mil on it same packages cold weath preamium im almost getting the same deal 26500 for the 525 and 27000 for the 530 and suggestions on this decision?????
#2954 of 3087 Hi by bmlexus May 07, 2008 (10:24 pm)
Can I just have a little experience about the 5 series   How does it compare to lexus cars   Hows the road feel?   Difficult to use electronics?   Reliability? Replies to this message: x021627 (May 08, 2008 3:57 pm) supershopper1 (May 08, 2008 6:12 pm) sdg380 (Jun 02, 2008 8:35 am)
#2955 of 3087 Re: Hi [bmlexus] by x021627 May 08, 2008 (3:57 pm)
Replying to: bmlexus (May 07, 2008 10:24 pm) I drove a 2003 BMW 530 for 2 years. Put $45K miles on it in that time. Great car and my first BMW. Decided that the high mileage was going to cause me to be out of warranty in short order and since my commute changed, decided to instead get a Lexus 330. Nice car, but like a sofa. No real fun driving. Great for long trips. Won't be passing folks or making quick maneuvers. Since my lease was nearly up, started looking at 5 series again. No comparision at all with driving dynamics, road feels, power, etc. Cabin isn't as fancy as Lexus, but I like the spartan look and I drive makes things fun. Don't believe the critics that say it is horrible. It is not the best interface, but hardly the worst. I learned how to use it in 10 minutes and it allows all the customization for radio, climite control and other things you could possibly want. I love especially the IPOD interface.....cool.   As for reliability, I had no issues on the 03 5 series and don't expect any on this car also, not until possibly 75k miles, but it's a lease, so at 36K I will be walking away to another BMW.     Replies to this message: supershopper1 (May 08, 2008 6:12 pm)

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