Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences BMW 5-Series Prices Paid and Buying Experience
3504 messages, Last post on Dec 07, 2009 at 3:46 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
Replying to: kyfdx (Jul 24, 2004 9:04 am) |
|
|
Sorry.. I didn't mean to suggest that you were soliciting... Just that you might have a different perspective. Hence, the conflicting advice. regards, kyfdx |
|
| The board is lucky to have both of you and the different perspectives that you offer. I have been reading for a while and see how helpful your information is! Thanks! | |
|
I would like to know what any of you out there may have been quoted for a 2004 525i. Sports + premium package. I've been told that dealers cost is 8% below MSRP. That said, I have seen this car at 48,375 MSRP (with premium+Sports package) and -8% (cost) would be approx 45,000. Would I be doing good getting it at 45-46K?????? |
|
|
Replying to: pen101 (Jul 23, 2004 3:36 pm) ** Also, you are saying NOT to contact the dealer ** ..... the dealer doesn't own the vehicle and doesn't have the title, BMW does, the dealer has been "out" of this deal since you tatoo'd the paperwork, anything they get involved in will cost you $$$ ... Deal directly with BMWFS, they will be looking at the auction reports about 3/4 weeks before the lease end, then they will: 1.) decide what the loss could/might be vs residual .. 2.) they are looking for a buyer, preferably you. Thats because it costs money to transport, detail, then spend auction fee's and rep fee's to take it and sell it there ..... if the figures are right, you can have it "certified" at the Bimmer store and pay for the warranty ....... drop the vehicles info over at Real World Trade-In Values, and we can go from there. Terry. |
|
|
Thank you everyone again for your help. Let me summarize and add a few more details. My lease is up 12/29/2004. I'll wait until 3 to 4 weeks before lease-end to see what BMWFS will offer me to re-lease (I already have the buy-out amount, it is in the contract, if I choose to buy the car). My car is in excellent condition. However, because it is stick shift, it probably would be harder for BMW to resell. This might motivate them into giving me a better lease rate. However, after the 6 years is up, it may be even more difficult to sell with a stick, therefore the residual may be lower, causing the monthly lease rate to be higher. The only reason I want the dealer involved is so the car can be CPO'd. I want that protection. So, for the lease, it really comes down to price... If they offer me a significantly lower monthly on a new lease, then I re-lease. If not, then the car goes... Or, I can buy the car outright for $28.5K, but it would cost me sales tax ($2.3K+), cost of CPO ($1.1K+), and new tires ($1K+)(the tires have 31K original miles and still over 3mm tread depth). ...And then there is the other factor...my wife. She wants me to let the BMW go and buy a mini-van instead. She says its better to haul the kids and cargo. But I love my BMW. |
|
|
If they offer me a significantly lower monthly on a new lease, then I re-lease. If not, then the car goes... Or, I can buy the car outright for $28.5K, but it would cost me sales tax ($2.3K+), cost of CPO ($1.1K+), and new tires ($1K+)(the tires have 31K original miles and still over 3mm tread depth). ... And then there is the other factor... my wife. She wants me to let the BMW go and buy a mini-van instead. She says its better to haul the kids and cargo. But I love my BMW. ============================= Ah ha.! Now we have some Real Deal info ... it's a 02 530i with a handshaker and 31 klicks and your buy-out is $28,5 (as of today) .. $28,5 is "about" auction money, so that price is fine, you keep saying "lease" forget the lease on a used vehicle, they don't work, you might find a better lease deal on the new ones come December .. And speaking of December, BMWFS will looking at the auction reports in late November and if you do it right, you should get a better pay-off during that time ... hmm, the holidays, it's a handshaker, auctions are slow until mid January, prices have dropped since July, you get the picture .. and no, don't get the dealer involved unless it's for the CPO and that will happen last .. Then of course, you have the "wife" factor and that I can't help ya with .l.o.l.... but at least you have enough info to defend yourself. Terry. |
|
|
Terry, Edmund's TMV says the current trade in value on the car with pp, sp, zenon's is $31,294. Retail is still over $36K. So my buy-out is slightly lower than current trade-in TMV. Re-leasing was just an idea, that now I realize may be a bad idea. Another question, then. Terry, when you say: "And speaking of December, BMWFS will looking at the auction reports in late November and if you do it right, you should get a better pay-off during that time." Are you saying that the buy-out price is negotiable? But I though it was set in the lease contract? |
|
|
.. ** Terry, Edmund's TMV says the current trade in value on the car with pp, sp, xenon's is $31,294. Retail is still over $36K ** $31,294 .? then have Edmunds cut you a check for it .l.o.l. .. there's not a dealer between Seattle and San Onofre that will put $31,0 into a 02 530i with 31k "and" a handshaker, not when they can buy them in Riverside for the $28ish figure ... $36,0 is an *asking* retail price, and most dealers will cut them form the herd for the $32/$33 range because of the el' Manual tranny ..... Most buyouts are negotiable -if- (the word being here is, IF) they are done properly, that means they look at the auction reports for the month and make a decision, do we run it off to the auction and see X or do we get a full blown buyer now - so it will depend on current market values "then", not now .. in your case it's with BMWFS and they will negotiate if it's "you and them", get the dealer involved and you will get shut-down .. they know how many times you call, they keep notes and hold information, as most do, and of course there trying to keep business for their dealer network, it's just smart business .... What the Bimmer might be worth in December, no one can say .. the 05's will be on the ground and based on the new style, there not killing anyone .. if I was to guess -and- it's "only" a guess, I would say the deep $26ish range, so you "might" see the $27ish range, I dunno and I hate guessing .l.o.l... and no, their not going to take $24 for a $27,0 vehicle .............................  Terry. |
|
|
Terry, that is great info. If I can buy the car for a few K's less, then maybe I can convince the wife that we can keep the Bimmer AND get the mini-van for her. Win-win. It's too bad that there's not more demand for a "handshaker" transmission and as a result the resale value suffers. The car is more lively and fun to drive with a stick. There is nothing like driving the canyon roads with a stick. And for me, that was a big selling point on getting the 530i. In fact, when I leased the car back in December 2001, I was able to get the car at just $1K over invoice because it had the stick and was not high in demand.
|
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences BMW 5-Series Prices Paid and Buying Experience
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2011 BMW 5 Series
Browse by Board
Browse by Topic
Today's Chats
