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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
| At one time this year, there were incentives on the 5-series... I'm not currently up to date on them, but they may have been replaced with lease incentives. Earlier, they were $1000. | |
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Has anybody heard of anybody purchasing any 2004 530i's or 525's below invoice price. If so, how much below invoice price? Looking to buy one and would definitely like to buy one below invoice. Is that a reality like it was with the 2003's? I appreicate as much input as possible. You can never overkill with too much advice. |
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Replying to: confusedman (Aug 04, 2004 1:15 pm) |
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Replying to: vsaxena (Aug 04, 2004 6:11 pm) I got my current car through ED but had to order it from a US dealer, pay for it then, eight weeks later, flew to Munich and picked it up. From there I shipped it back to the US and eventually picked it up at the dealer's.
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Replying to: cassidym (Aug 05, 2004 7:33 am) |
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Replying to: vsaxena (Aug 04, 2004 6:11 pm) It sounds like getting the 2004's below invoice is not going to be as easy as it was with the 2003's since they were giving $3-$4K rebates on the 2003's due to the change of model.
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Replying to: confusedman (Aug 05, 2004 8:21 am) |
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| dealer supply is very low on the new 5 right now, and that might mean no incentives. But, they briefly had a small incentive on the 5 and they may again. I don't think that you're going to have any dealer blowing out the cars. They are money makers and well worth the premium dollar you spend. Look how expensive the used ones are. Besides, a thousand dollars or so, in relation to what you're spending anyway (40 to 60 grand) shouldn't be a deal breaker in my mind. | |
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I've perused these forums for several days now--thanks to all for your helpful information and your passion for BMWs. I'm about to lease my first b-b-bimmer, a 525i (Black sapphire metallic, Black leather, Premium package, Steptronic auto.; Xenon; Satellite radio prep.). My company is leasing the 525 for me. It will pay for about half the drive-off, and the monthly payment MUST be at or below $450 INCLUDING tax. Despite my company paying for the lease, I still want to get the BEST deal since I might take over the payments at some point as well as I'll probably purchase the 525 at the end of the lease. Is the following deal good? Here are the numbers of the best quote in my area (L.A.): Cap. cost: 42,435 Bank fee: 525 Total Cap: 42,960 Cap reduction: 5,756.36 Net Cap.: 37,203.64 Residual (61%): 27,477.45 Total Depreciation: 9,726.19 Monthly Depreciation: 270.17 Monthly Rent: 145.53 Subtotal: 415.70 Tax: 34.30 Monthly Payment: 450 Cap Reduction: 5,756.36 Tax: 474.90 Doc Fee: 45 License: 331 Gov. Fee: 5 1st Payment: 450 Total Drive-off: 7,062.26 Money Factor: .00225 Term: 36 months Mileage: 10,000/yr. (which will not be a problem) The salesman said that he was making just $900 over invoice, but according to my calculations, there's $260 unaccounted for--could this be an unstated acquisition fee, and if it is, then is $260 PLUS $525 (stated bank fee) a high price ($785) to pay for the privilege of a BMWFS lease? $900 or $1,160 (with the mysterious $260) over invoice: is that good? Is the "bank fee" usually added to the cap. cost? I've received quotes in which the bank fee is NOT added to the cap. cost rather it is added to the drive-off. I found the buy rate (.00210) at one of the Edmunds' forums (thank you to the person who supplied it) and mentioned it to the salesman. He said that since he was waiving the security deposit, the money factor is increased .00015 (which I knew from the aforementioned post). But later I figured out that if I pay the refundable security deposit to get the lower money factor, I'll save about $360 over the lease term AND get my deposit back. Is there a reason NOT to pay the deposit? Has anyone had any problems getting the deposit back? Any suggestions? Thanks for your patience with my way-too-long post--it's the shaky nerves from being so close yet feeling so far away.
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Replying to: vrrmmm (Aug 08, 2004 5:18 am) What is the MSRP of the car? Can't check the numbers without that. Cap cost reductions are usually a bad idea, but considering your circumstances with the employer picking up the payment, it makes sense. It looks like you are on the right track.. regards, kyfdx
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