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Prices Paid: Buying & Leasing Experiences BMW 5-Series Lease Questions
1976 messages, Last post on Aug 27, 2008 at 4:53 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: crzycool22 (Jan 14, 2007 3:47 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 8:12 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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Replying to: crzycool22 (Jan 14, 2007 3:47 pm) |
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Replying to: sixpaqs (Jan 15, 2007 1:09 pm) |
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Replying to: sixpaqs (Jan 15, 2007 1:09 pm) I just put an order in for almost the same exact car. I have a lease rate almost identical as well, except I am getting the Steptronic trans. Included in my capitalized cost is the acquisition fee which is $825 (not 625) at the same dealer (Ft Lauderdale) as well as the charming dealer prep fee of $499 (full tank of gas and detailing a brand new car) which I found infuriating, but they would not budge on this. The best way to figure out what you are paying is to ask for the capitalized cost. My guess is that you will find the missing $1324 in there. Anyway, to get a couple grand off with a car that they can barely keep in stock seems good and I bit the bullet. But, the 2008 will be here in the summer. Any idea on the MSRP or the anticipated money factor? Since my car comes in in March I wonder if I should just wait for the 2008? Happy Driving |
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Replying to: doctorely (Jan 15, 2007 4:06 pm) I checked my paperwork when I read your reply, but no, my capitalized cost was $48590, exactly $2K under MSRP. And there was no dealer prep or acquisition fee. I specifically asked about the acquisition fee, and they told me there was none. My inceptions were first payment, a $650 security deposit, and $150 for tags and taxes. Came out to $1496. Since I wanted mine with the manual trans, I had to order it, and to be honest, I love the car. I just got out of a MB, and this car is such a better drive. I was looking at the new X5's, but the lease rates were horrendous. They told me that BMWFS were not supporting the X5 with any special money rates, and it was a ripoff, though it is a beautiful car/truck. I anticipate that when the 2008 5's come out, they will be in a similar situation, though who knows? As for MSRP, I guess it will be about $1500-$2000 higher, but they haven't announced anything yet. Good luck with your decision.
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Replying to: sixpaqs (Jan 15, 2007 1:09 pm)
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