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
3499 messages, Last post on Dec 04, 2009 at 9:29 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
Replying to: pen101 (Jul 27, 2004 9:12 pm) They are only available to the original purchaser or lessee. The cost for the 5-series is $2749. That is pretty pricy, but if you can negotiate a lower buyout at the end of your lease, you can have your cake and eat it too (well, except for the $2749). regards, kyfdx
|
|
I am confused. A few months back I asked the dealer how much it would cost to CPO my car if I decide to keep it. He said it would be about $1.1K plus any other work required to meet the CPO requirements (such as tires). Now you are saying I can have the same extended warranty for $2,749. I must be missing something.
|
|
|
Replying to: pen101 (Jul 28, 2004 1:07 pm) regards, kyfdx It may sound expensive, but keeping the dealer out of your lease buyout deal might save you enough to make up for it. |
|
|
Replying to: kyfdx (Jul 28, 2004 5:58 am) Does the new warranty have to be bought before the expiration of the 4yr/50K warranty? Does it require that the car be dealer serviced during the extended warranty period?
|
|
|
AGAIN, with this stay away from the dealer issue. The dealer can buy a BMW lease for less than the customer can. BMW financial can gain nothing from negotiating with the buyer because each BMW center is obligated to buy the car back at the end of the lease for either the residual or current MMR. So, why would they sell it to the lessee for any lower amount than what was stated in the contract? Furthermore, if you're going to have the Certified (which is more than just an extended service contract and cheaper) than it MUST be retailed through a Center. I can see the general advice is eliminating a party to the transaction but in this case it's best to at least let the dealer try to help because the service they can provided cannot be matched outside of their assistance. And, yeah, they'll make some money. |
|
| OK, I'm learning here. Now I realize that current MMR may be an important factor in determining the ultimate purchase price. As information is power, and if I know the current MMR, it could potentially help me (and others) negotiate a more favorable deal. How do I obtain this information? This information may also be helpful to anyone buying a used car (better than Kelly Blue Book, Nada, Edmunds or other on-line resources). | |
|
.. ** because each BMW center is obligated to buy the car back at the end of the lease for either the residual or current MMR ** It seems are boy Livinbmw is a little confused, maybe alot ... The Bimmer dealer is NOT obligated to buy anything .. but they do have FIRST option to purchase the vehicle for mmr and/or the residual - or send it south .. what that means is: it gives the dealer another opportunity to sell or re-lease the vehicle to the original customer, with little or no expense ... thats why I said: keep the dealer "out" of the deal, they will only have an interest in the vehicle "if you" have an interest in it ~ are you getting it now.? ... This is nothing new, it's the same for every lease co. out there ..... the same goes for the Jag, Chevy, Benz, Mazda, Lincoln, Ford dealers, it's an another opportunity for the dealer to sell the vehicle again and it gives the lease co. a chance to move a vehicle quickly and not pay for the cost of transport, auction fee, detail, service and the rep fee's, and depending on the time of the year, type of vehicle, condition, it can cost $700/$900/$1,200+ a vehicle, or more ....... Every dealer gets a lease list every month for all of their "own" lease customers ... some might be 30 months "out", some might be 20 months "out" and in your case, your 4 months "out" and dealers are just looking for another opportunity to sell/lease another vehicle, it's smart, it's just good business and you can't blame them for the attempts .. hey, I've done it a thousand times .l.o.l. ... by the way, those were mmr prices that I gave you, so you have all the information that one could grasp for the next few days or so ..........................  Terry.
|
|
|
Replying to: vsaxena (Jul 28, 2004 1:23 pm) regards, kyfdx P.S.: For those of you not familiar with rroyce (Terry), he is a dealer principal that knows more about the car business than anyone else on Edmunds. His advice is almost always "right on the money" and has saved me money more than once. (also cost me money, when I ignored it..LOL). |
|
|
Replying to: rroyce10 (Jul 29, 2004 4:22 am) Just to be a little more specific so maybe their is a better understanding on how BMW Financial and BMW North America are different about lease and balloon notes; Each Center in the country has a lease portfolio and they can only reject a very specific and controlled number of lease returns each month. Generally, the Center is eager to have the inventory because as you know from high auction prices, the lease returns are the best way for a dealer to enhance their used car inventory, just ask the people at Crevier BMW or Momentum BMW. Look at the Certified Pre-Owned sales for BMW over the last three years and it's clear that the dealers are increasing sales and therefore need more inventory. In addition, the sales that do have BMW Financial vehicles or BMW North America Company cars are usually closed and only for BMW dealers. I stand by my contention that I would want to have the most information possible in making the decision concerning certification of a lease end vehicle and would want the dealers offer for evaluation. I'm not confused at all. |
|
|
That '02 530i in question would bring more than 28 ish........I'd say a nice black one with a sport package would get some heavy attention from bidders. " buy them in Riverside for the $28ish figure " There's been 2 (only 2 and probably at closed dealer only auctions) similar cars there at Riverside recently and one of them did sell at 28 but there was also another black one that went for 31 and I'll bet that the higher dollar one had a sport package. Sport is a big deal on a 530i. Plus, on top of the auction price, there's fees, transportation and reconditioning, right? I'd say the 28 figure is sort of a "low ball". |
|
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
