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You are in the Prices Paid - Buying & Leasing Experiences
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BMW 5 Series, Car Leasing, Sedan, Wagon
#1196 of 3911 Leasing a 2007 BMW 530i
Jan 26, 2007 (3:28 pm)
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!
#1197 of 3911 Re: Leasing a 2007 BMW 530i [pdurnian]
Jan 26, 2007 (4:31 pm)
I am in So Cal. I think those numbers are high as well. My calculation based upon a money factor of .0009(current tier 1 January rate for return customer) You current lease is with BMWFS? and residual of 62% for a 36month/12K lease at a MSRP of $60540 and approximately $1000 over invoice would be $701 including tax(LA county). With only drive off of ~$1,250 which include first payment and licens fees. I even rolled the $625 acquisition fee into your lease.
Your are not getting the best deal. What dealer.
#1198 of 3911 Re: Leasing a 2007 BMW 530i [corsche]
Jan 26, 2007 (7:59 pm)
Hi Corsche, THANKS for the reply!! Here is the latest offer from the dealer today:
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!!!
#1199 of 3911 Re: Leasing a 2007 BMW 530i [corsche]
Jan 26, 2007 (8:01 pm)
Corsche,I forgot to mention, yes, my current lease on the 2004 525i is through BMWFS.
#1201 of 3911 Re: Leasing a 2007 BMW 530i [pdurnian]
Jan 27, 2007 (9:36 am)
It is a choice you have to make. The challenge is the aero kit which they don't put on many cars. I believe it is a dealer installed option, but not 100% sure. I would still suggest trying to get some competitive pricing from other dealers. I know that Pacific in Glendale internet sales will go $1000 over invoice. Why not try them and if they don't have the car they can try to locate it for you. At least you will have a competitive price that you can use at your current dealer to get them to come down more on their price. There are a lot 530 on the lots and you should be able to get a better deal. I was able to get $1100 over invoice for a 550i that will be arriving at the port in two weeks.
#1202 of 3911 BMW 5301 Lease Offer
Jan 28, 2007 (7:44 am)
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.
#1203 of 3911 Salesman Warns of Big Price Increase
Jan 28, 2007 (8:20 am)
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.
#1204 of 3911 lease lock in process - 550i in NC
Jan 28, 2007 (11:30 am)
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
#1205 of 3911 Early Lease Exit
Jan 28, 2007 (6:43 pm)
I have a 2006 BMW 525i with COLD WEATHER PKG., PREMIUM PKG., WOOD TRIM, XENON HEADLIGHTS, ADAPTIVE HEAD LIGHT CONTROl Excellent Condition and only 16,200 miles. I want to exit my lease early and the dealer here in Minnesota is telling me they will only give $36,000. The total payoff is $39,500. Does the dealer offer seem realistic?