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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

What is this discussion about? BMW 5 Series, Car Leasing, Sedan, Wagon


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#1214 of 2604
Re: lease lock in process - 550i in NC [lsmb] by tayl0rd
Feb 01, 2007 (8:05 am)
Reply

Replying to: lsmb (Feb 01, 2007 6:41 am)

With all that shady activity from the salesman, I'd cut my losses and never set foot in that dealership again. What's the name of the dealership? And what city is it in?
#1215 of 2604
Re: lease rates for February [crzycool22] by corsche
Feb 01, 2007 (9:43 am)
Reply

Replying to: crzycool22 (Feb 01, 2007 5:59 am)

Where did you see the new lease rates? They normally are not posted until the 5th of the month.
 
Thanks,
 
Corsche
#1216 of 2604
Lease Exit by petesoe
Feb 01, 2007 (2:32 pm)
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HELP carman and kydfx!
 
I want to exit my lease early. 22 Payments remaining. Any suggestions?
#1217 of 2604
Re: lease rates for February [corsche] by crzycool22
Feb 01, 2007 (2:57 pm)
Reply

Replying to: corsche (Feb 01, 2007 9:43 am)

BMW web site has new lease offers expiring Feb 28h - pmt on 525 is 410 higher than pprevious month. Word out there is the inventory on 5's is limited. They must be clearing the market for the 08's due out in late spring.
#1218 of 2604
Re: lease rates for February [crzycool22] by Car_man HOST
Feb 04, 2007 (7:09 am)
Reply

Replying to: crzycool22 (Feb 01, 2007 5:59 am)

You're right, crzycool22. BMW Financial Services' lease program for the 2007 5-Series is slightly worse in February than it was in January. BMW claims that it does not have enough inventory of 5-Series models to justify the level of lease support that it was providing last month.
 
Car_man
Host
Prices Paid Forum
#1219 of 2604
Re: lease rates for February [corsche] by Car_man HOST
Feb 04, 2007 (7:21 am)
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Replying to: corsche (Feb 01, 2007 9:43 am)

Hello Corsche. BMW's new February lease program has been published. If you tell me what model you want, how long you want to lease it for, and what mileage allowance you need I will be happy to give you an idea of what its February numbers are like.
 
Car_man
Host
Prices Paid Forum
#1220 of 2604
Re: Lease Exit [petesoe] by Car_man HOST
Feb 04, 2007 (7:23 am)
Reply

Replying to: petesoe (Feb 01, 2007 2:32 pm)

Hi petesoe. Why do you want to get out of your current lease so early? I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.
  
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One some of our most knowledgeable community members frequent that discussion and they are often kind enough to give others their opinions on vehicles' value. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
 
Car_man
Host
Prices Paid Forum
#1221 of 2604
Re: lease rates for February [Car_man] by lindalouwho
Feb 04, 2007 (8:26 pm)
Reply

Replying to: Car_man (Feb 04, 2007 7:21 am)

Hi. I saw your offer to the other person to figure out some lease numbers, and was hoping you might for me too? I am new to the board and to leasing, and am trying to get an idea of what I'm doing before I walk into a dealership. I'd like to lease a 530, so I'm thinking it will total around 50 to 53 thousand, is my guess. Not sure. Can you help me with some lease numbers? One other little question. I have not driven a 530ix yet, only the 530i. Think AWD will make it drive more roughly? Thanks in advance for any and all information.
#1222 of 2604
Re: Lease Exit [Car_man] by lindalouwho
Feb 04, 2007 (8:31 pm)
Reply

Replying to: Car_man (Feb 04, 2007 7:23 am)

Hi, again, Car_man. I forgot to add that I need a minimum of 15,000 miles per year, for three years. Thanks much. Lindalouwho
#1223 of 2604
525xi by jim53
Feb 05, 2007 (6:51 am)
Reply
Car_man,
 
Can you give me the current residual and mf for a 36 month, 15K per year lease? Also, does BMWFS offer a 39 month lease and if so, are the numbers different?
 
Thanks.

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