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Prices Paid: Buying & Leasing Experiences BMW 5-Series Lease Questions
2606 messages, Last post on Dec 07, 2009 at 2:19 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: 540dude (Sep 14, 2005 5:12 pm) Can you suggest any good dealers in the Long Beach area? Thanks
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Hi jaygil. I can give you an idea of what this car's current lease program is like. If you were to lease a 2006 BMW 530xi through BMW Financial Services for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00195 and 60%, respectively. If you provide me with the full MSRP and an approximate selling price for the exact car that you are interested in, I can calculate a lease payment on it for you. Car_man Host Smart Shopper / Prices Paid Forums
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Hi t&csteve. It sounds to me as though you have never leased before. if you are indeed new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Sep 15, 2005 2:33 am) Never enter into a lease without knowing the total capitalized cost of the lease, the money factor and the residual. These three things determine the lease price. |
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I'd like some help verifying some numbers for an '05 545 lease. The dealer is quoting: 59% resid (12k miles/36 mos) .0014 MF $825 Acquisition fee I believe the residual is correct, but isn't the current MF supposed to be .001? They tried to mark it up when I leased my 330 a couple years ago. I called them on it and they gave me the book value for MF back then. So I'm confident I can do that again so long as I can substantiate the current values. I have zero information on the Acquisition, but this feels high to me. Any way out of the Acquisition fees? Also, I didn't see any disposition -- and can't recall if BMW does that. I'm going to aim for $1000 over invoice. I think that's realistic given the phase out of the 545 -- what's been the experience of buyers over the last couple months? Any other incentives or programs I could leverage here? The dealer seems to think that if I wait until winter to order a 2006 530i with lots of options that I'll be in the same ballpark payment wise, so it's a better deal to step up for the 545 now for a nominal amount. Any opinions on this? MSRP on the car I want is $59,520 and CapCost is $54,390. Using MF .001 and Resid of 59%, I come up with $715.50/mo. Is that right? And how does the acquisition affect it if I roll it in? Does it go into both the MSRP and CapCost figures? Thanks for any and all feedback!
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Replying to: bimmerbuyer (Sep 16, 2005 11:54 pm) 2) Base MF is .0010... your dealer is marking it up the maximum 3) Base acq.fee is $625.. again, your dealer marking up the maximum. 4) Your calculation is incorrect.. given your figures, the payment would be $625/mo. + tax... If you roll in $625 for an acq.fee, then the payment would be $643/mo. + tax.. If you use .0014 for the MF and roll in $825 for the acq.fee, then the payment would be $685/mo.+ tax.. $54,390 would be a great selling price, if you can actually get it.. regards, kyfdx Host-Prices Paid Forums
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Replying to: kyfdx (Sep 17, 2005 6:39 am) MSRP $59,520 Invoice $54,390 Negotiated price of vehicle & optoins $55,390 or $55,890 (either $1000 or $1500 over invoice - which I'm willing to negotiate to) MF .001 Resid 59% 36mos / 36k miles Acquisition $625 (rolled in to lease) 6.5% state tax No cap cost reduction And a question on the acquisition. When you roll it in for calcuation purposes, do you add it to both the MSRP and the purchase price, or just the purchase price? Thank you very much!
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Replying to: bimmerbuyer (Sep 17, 2005 7:38 am) w/$625 acq.fee rolled in... $672/mo. + tax $55,890 selling price.. base MF.. payment $668/mo. + tax w/$625 acq.fee rolled in.. $686/mo. + tax The acquisition fee is either paid upfront or rolled into the CAP cost.. It has no effect on the MSRP. Each state may have it's own method of calculating sales tax on auto leases... Some just charge it on the monthly payment.. If that is the case in your state, then it is a simple calculation.. regards, kyfdx Host-Prices Paid Forums
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Replying to: kyfdx (Sep 17, 2005 7:44 am) |
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Hey Car Man. I will be leasing a 2006 530i with an MSRP of $57,990 and purchase price of $54,495. The total drive offs will be $5301 (including $3000 down payment). The money factor is .00240 and the residual is 60%. It's a 36 month lease with 15,000 miles per year. The payments, including tax, are $727.26. The money factor seems a bit high to me. Can I do better? Thanks. |
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