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Prices Paid: Buying & Leasing Experiences BMW 5-Series Lease Questions
2605 messages, Last post on Dec 06, 2009 at 5:24 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I ordered a 2007 550i last week • Monaco Blue • Gray Leather • Anthracite Wood Trim • Sports Package • Cold Weather • Navigation • Split Folding Rear Seat MF .00150 Dep Factor .59 MSRP $65,320 Negotiated Price $63,270 (probably could have done marginally better, but I was lazy) 36mo/15,000 miles per year $950 per mo Taxes & Fees in $2100 down – for 1st & last mo. pmts + tags & inspection |
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Quick question: I qualified for the Dec BMW MF and was just curious if the 5 series MFs we've seen as of late (.0005 - .00065) are pretty regularly seen over the course of the year? In other words, are these MFs unprecedented or do they tend to come and go? Thanks in advance for your thoughts. Dave |
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I'm looking for a 530i with few options for a 15k/2 yr lease. I was disappointed when MF rates went up in Jan but all things considered still not bad. 1) Is it reasonable to get the negotiated price in my lease to be less than MSRP if I order a car to my specs to be delivered to my local dealer? Or is real negotiating room only on the cars on the lot? (I can't find anything close to what I want on the lots in South Florida.) 2) Does anyone know how much time is left to order a 2007 model before factory starts producing new model year? One dealer told me I only have a few days left. 3) Is the BMW MF buy rate the best I'll get w/o additional security deposits? 4) Do you always pay the $625 acq fee upfront on a lease? 5) If not bothered about having 2007 vs. 2008 model, is this going to be the best time (price-wise) to lease a 5-series for a while? Thanks for all the information on this site. I've learned a lot already. Tom
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Replying to: gunner14 (Jan 13, 2007 7:12 pm) 2) Your dealer may be correct. I've heard that the '08s will be here in March. 3) Yes.. the buy rate is the cheapest. 4) You don't always have to pay it upfront. But, you have to pay it. It can be rolled into the CAP cost. 5) If I were leasing, I wouldn't wait.. Good luck, kyfdx |
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Looking to lease a 2007 525i with Leatherette, cold pkg, fold down seat. MSRP $46,695. (my current BMW lease expires in March) best quote is 30 months at $540 per month (10K miles per year) Dealer wants $1500 down for fees. the MF is .00085 and the cap cost is $44,700 which includes $500 corp discount through my corporation, so dealer is only discounting about $1,400. Car must be ordered. Can I do better? Looking for $520 per month and $700 down at signing, can this be achieved? How long does a credit application thru BMW last? 2nd quote was with dealer who I was approved through BMWFS at end of Dec, dealer says application expires after 60 days and a car can't be delivered at those terms after expiration. deal is $520 per month $700 down .0005 MF. my 1st pmt would be due before current lease expires - will BMW waive last pmt? Also, dealer wants a $2,000 deposit to order vehicle. Should I put thatlarge a deposit? Please help! Thank you
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Replying to: crzycool22 (Jan 14, 2007 2:47 pm) Deposit seems high, I had to put down $1000 for a fully loaded 550i in Chapel Hill, NC. However, since you get it back when the car arrives, the "damage" is only of temporary nature. I too was told, that a a specific lease offer expires after 60 days, which is roughly the time it takes to get the car here. So, the timing of locking the best rate in is relevant, since you will be protected against hikes and benefit from lower rates as long as you are in the 60 day window. All bets seem to be off after that. Good luck! |
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Picked up my 07 530i last Friday. I felt I had gathered enough information from this forum and the price forum to learn about my first lease ever and my first BMW ever. And we just love the car. Thanks to kyfx and Carman and all posters for your help. In addition to getting a fair price, I was able to knock $200 of the acquisition fee, and lower my rates with the MSDs - which the CA never offered until I asked. Did I say we really, really love the car! We traded in a 20 year Acura Legend L which was one major repair from the junkyard waiting to happen, so all the neat creature comforts are pretty cool. We had shopped the NYC and Philly car shows and the one brand we did not shop was BMW, I was convinced I would buy one of the Japanese luxury types. But, the Ultimate Service features and the lease deals made me look closer at BMW and in almost every category, BMW came out ahead. Car: Monica Blue/Beige (lots of people raved over this color) Premium, Cold Weather, NAV, and Logic7 (got all-weather mats, rear bumper reflectors thrown in). Deal: $1,500 over invoice (Southern NJ, Philly ares). 7 total security deposits (1+6). 36mo/10K. No money down. Dec MF with 6 MSDs = .00005. Total monthly payments with NJ 7% tax plus upfront "luxury tax" (.4% for amt. over $45K)= $537.33 Also found out that if you buy extra miles at $0.16/mile and you don't use it all, you get refunds on unused mileage. If I went with 12K, I would not get refunded the 1K which I will not use (based on my last car's mileage usage). So, for me going with the lower 10K and paying at $0.16 makes sense. Thanks again. Joe |
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Replying to: gunner14 (Jan 13, 2007 7:12 pm) I just picked up a 530i that I ordered in November at Lauderdale BMW. They were excellent. I live in Miami, and got a much better deal with them in Lauderdale than I could with either of the dealers in Miami. To answer some of your questions: I ordered the car to my specs, and negotiated everything via email before I finalized the order. I met the salesman for the first time when I went to pick up the car. They were extremely professional, and without haggling, they were offering me about $2K off MSRP. I got a 530i with the manual trans, the premium package, and satellite radio. 36 months, 15K miles per year, no money down, no acquisition fee (just 1 security deposit of $650, first month's payment, and tags). My payment including taxes is $624. I asked about the acquisition fee, and they told me it wasn't required. I would think that the 2007 models are going to be very well priced until they start building the 2008s. If you are okay with the 2007 (like I was), go for it. You can't beat the deal. If you want my guy's specifics at Lauderdale BMW, just email me and I will be happy to give you his name. It was the most pleasant buying experience I have ever had. |
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| Dealer in Northern Calif. offered me $55,000 for a 2007 530i with Sport Pkg, Logic 7 Sound, Premium Package and heated seats. Money Factor of .0013, 12,000 miles and 62% residual pmt of $664 w/tax=$719 for 36 mos. lease. Cost to Drive off of $1,985...so I assmue from the listings above I could do much better. | |
| After reading these posts, it boils down to 3 things: Negotiate the lowest price which is about $2000 below sticker. Get the best Money Factor which is the BMW buy rate. Don't let the dealer make more money off you by giving a higher M.F. Demand the buy rate(posted in above messages) or at least very close to it. Lastly, don't let them get away with increasing the acquisition fee from $625 to $825. If your dealer won't do these things, go elsewhere. There are several leasing companies who will go out and get the buy rate, a great price, and will deliver (for a small fee of course.) If you go into the dealer knowledgeable about these three items you should get the best lease rate available. Good luck. | |
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