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Prices Paid: Buying & Leasing Experiences BMW 5-Series Lease Questions
2604 messages, Last post on Dec 04, 2009 at 7:18 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Sep 19, 2005 3:30 am) I've never leased a car and am amazed by the information and negotiation that is possible when leasing a car. You guys have it down to a science. I honestly do not know where to start. I'm ready to lease a 2007 BMW 525 xi with automatic transmission and cold weather package. The premium package and anything else is optional. Lease: 36 months, 12,000 miles Is a lower MSRP the only term that I can negotiate with the dealer on? Overall, is it better to pay a bigger down payment ? I'm leasing it thru' the company I work for. I live in VA Also, i contacted this website - South Bank Auto Leasing. Anyone who know anything about them? Appreciate any advise you have Thanks in advance. |
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Hi, HELP PLEASE!This is my first post, and I have been amazed at all the wonderful information!I currently have one month left on my 2004 525 BMW, and am looking to lease a 2007 530ia with the following options on it: 36mo lease,12,00 mi per yr Premium package,Sportpackage,Aero kit,automatic,Nav.,Sat radio(1yr free subscript) The MSRPwith the options totals$60,540,salesman said he would give me $1,000 over cost, (but didn't email me that number)Salesman has offered a paymt compute of $739.oo +Tax=798.89,taking my 525i in now, WITH $3,500 to start! ! Or, if I make my last pymt,send the car back to BMW, $697.56+tax=755 per mo., with same $3,500 down... This seems pretty high as to what I have seen on this forum, can anyone help me to make a better deal, and what are the questions I need to ask the salesman? I am in So Cal,and need to make a deal before my lease is up next month.THANKS FOR ANY ADVICE!
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Replying to: pdurnian (Jan 26, 2007 2:28 pm) Your are not getting the best deal. What dealer. George
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Replying to: corsche (Jan 26, 2007 3:31 pm) Lowest price to me: $59,000 12,000 mi per yr,36 mo lease, $707.00 +tax=$766.00 per mo,with$3,500 out of pocket (The $3,500 consists of:$457.00 license fees,$798.42 first pymt(actually now will be 766.00), $2,017.82 cap reduction,and$226.00 cap reduction sales tax. The car has as follows, Premium Pkg, Sport Pkg., Sat Nav.,Automatic,Aero Kit, Rear Spoiler,Sat Radio,(1 yr free Sirius) They stated that the car is "special", and like no other with the rear spoiler,to look different than any other530ia, which is why they cannot reduce the cost to me any more. I do love the car, but really want to make sure there isn't a better deal out there . What do you, or anyone else out there think of this offer? Thanks for any help!!!
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Replying to: corsche (Jan 26, 2007 3:31 pm) |
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Replying to: pdurnian (Jan 26, 2007 6:59 pm) Good luck. Corsche
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I am new to the board but was looking at the BMW web site and they had a lease deal for a 2007 530i with a 36 month lease for $499/month with $2,500 down payment and $500 security deposit. This was based on an MSRP of $49,470 and it is for the 530i with automatic transmission. This is for 10,000 miles per year. This is quite a bit less than what I have seen for other comparable cars in this price range. Is there some catch or is this just a great deal? I understand that they are changing models this year. Does this have any bearing as to why they are offering this? Also, this deal is until 1/31. Does BMW offer these deals often? I was not ready to lease by 1/31 but don't want to miss this if similar offers won't be around later. |
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| I have been in discussions to lease a 530. A salesman in San Diego told me that BMW has "run out of their 85 Euros" and will be raising prices very soon. Has anyone heard about that? He also said that if you have a car on order the price will go up if is has not yet been built. | |
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Carman, corsche or other Lease-guru This forum has been great for me to figure out the science of a competitive lease contract. While I have all the elements to negotiate good numbers, the dealer went into hibernation after I challenged his first and completely nontransparent back of an envelope "scenarios". The car is meanwhile produced and "awaiting transport", expected to be here end of February, beginning of March. I am confused as to when which MF rates get locked in (his proposal is based on .00205 while the published rate is .0015). - when does a lease normally get signed? Apparently not when you place the order. - what information gets shared or negotiated? (assuming it is similar to financing re paperwork and disclosures) - How far away can a dealer stray from the "published MF and residual values)? This is the strangest business process I have experienced in a long time. Any insight is very much appreciated! I don't want to get snowed forever and then not having any other options or leverage with my back to the wall. Thanks guys, Lsmb
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