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Prices Paid: Buying & Leasing Experiences BMW 5-Series Lease Questions
2607 messages, Last post on Dec 08, 2009 at 4:21 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Help....someone....please... Hi townhall, I'm a 24 year old daughter trying to help my dad. Because he's old and a lil incompetent, I have to help him... because he's a really nice guy and often doesn't know what he's doing, and he gets ripped off and taken advantage of alot. Anyways, him and his business partner want to each lease a 2008 BMW 528xi. My dad's business partner knows what he's doing better than my father, but i feel like he too is gettting ripped off. If they were smart, they would have gotten a hell of a good deal because they are leasing TWO cars through thier corporation...but alas....the bmw dealer got the best of them, in my opinion The car that he is trying to push onto my dad, a BMW 528xi, with navigation, satellite radio, cold-weather, ipod integration, and premium package is not even the car that my dad wants, it has a bunch of extras in it. And still they won't budge on any numbers. Anyways, for this car, the bmw dealer told my dad that he was giving him a really good deal by giving him 1,300 off of the MSRP ($53, 220) and giving him a lease of 895.06 a month. My dad also has to give a security deposit and 900$ up front. He saidthe selling price is $51,920 and that the residual value is $31,932.00 This whole thing sounds like utter hogwash to me from what I have been reading here. For a 36 month lease, 15,000 miles, 0 down payment, on a bmw 528xi...that is waaay too much....right? I admit that i'm way in over my head here, and, i'm really confused by everything but i'm trying to figure it out by reading everyone's posts. So that's why i'm sincerely asking for help. Can someone tell me what the invoice price, the selling price, the msrp, the money factor, the lease payments shoud be? And can someone explain to me what these things mean, and how to go about this? Thank you all very much. I really really really appreciate your help Sincerely, NM
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Replying to: kulaso (Nov 05, 2007 6:20 pm) is the car still available? let me know. thanks davidjbyun  hotmail . com
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Replying to: veenieweenie (Nov 11, 2007 5:27 pm) |
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Can someone please help verify I am computing a 535i lease correctly. If the MSRP is $55200 and sales price is $54500, 36 month residual is 60% (15k mile lease) and money factor is 0.00225 With NO cap cost reduction: without sales tax, I get $791/month. with my 7% tax, it is $846. I assume my out of pocket would be first month+security. so about $1746 or so. Is that correct? it is crazy high to me. Any better deal out there? how to decrease the money factor? The 5-series market seems tight, can I push for a better sales price? thx
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Replying to: smithsonga (Nov 14, 2007 2:32 pm) BMW lets you purchase a reduced money factor by paying multiple security deposits up front. Each reduction is .00007 off with up to seven available. if you paid seven your new MF would be .00176 and would cost 5600 and give you a new payment with tax of 799.51. You will get the money back at lease end but it will take a couple of months and according to the finance guy it can not be rolled into a new lease. Is the upfront money worth th ~50/mo. savings? If possible, you could do a 12k lease and get a better Residual unless you need the mileage. macdad
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Replying to: macdad (Nov 15, 2007 6:12 am) Ok, acq fee AND first month AND security deposit. Geez. Acq fee is a crock. will consider the multiple security deposits,but would have to compare the return if I did something else with that money. I used 15k lease to be sure I was calculating it correctly, I would actually most likely use a 10k lease which adds 3% to the residual. thanks again. |
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Replying to: topspin628 (Nov 05, 2007 6:06 pm) I knew it was a pretty good deal, i shopped all over the place, and pulled the trigger two weeks ago, its 550i sport pacakage, and other goodies no HUD though and I did qualify for loyality rate, for 15k it was $30 more but i didnt need it. Hope it helps, feel free to ask anyother details. |
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Hello everyone, I just came across the MF/R for Nov. 2007. Can anyone confirm these as accurate? (see below) My second BMW lease is up next month and I'm looking into getting into my third. Do you guys know the criteria for qualifying for the loyalty discount in order to get a lower MF? Also, I read on this board something about paying down multiple deposits in order to get the MF even lower. Does anyone have more specifics on that. Also, considering this would be my third lease with BMW FS, I wouldn't have to cough up another sec. deposit because it's been rolling over since I got into my first lease. Does this sound correct? Ok, no more questions, lol. Any feedback is well appreciated. BMW Financial Services Lease Programs – 11/3/07 For lease programs shown in BOLD, a bank lease program may have lower payments. Click on a vehicle name to compare current bank lease programs through LeaseCompare.com. 2008 MODELS 2008 BMW 528i Sedan 24 Month – Residual 73% of MSRP – .00225 Base Rate 36 Month – Residual 60% of MSRP – .00225 Base Rate 48 Month – Residual 42% of MSRP – .00305 Base Rate 60 Month – Residual 34% of MSRP – .00305 Base Rate 2008 BMW 528xi Sedan 24 Month – Residual 71% of MSRP – .00225 Base Rate 36 Month – Residual 60% of MSRP – .00225 Base Rate 48 Month – Residual 42% of MSRP – .00305 Base Rate 60 Month – Residual 34% of MSRP – .00305 Base Rate 2008 BMW 535i Sedan 24 Month – Residual 71% of MSRP – .00225 Base Rate 36 Month – Residual 60% of MSRP – .00225 Base Rate 48 Month – Residual 42% of MSRP – .00305 Base Rate 60 Month – Residual 34% of MSRP – .00305 Base Rate 2008 BMW 535xi Sedan 24 Month – Residual 70% of MSRP – .00225 Base Rate 36 Month – Residual 60% of MSRP – .00225 Base Rate 48 Month – Residual 42% of MSRP – .00305 Base Rate 60 Month – Residual 34% of MSRP – .00305 Base Rate 2008 BMW 535xi Wagon 24 Month – Residual 70% of MSRP – .00225 Base Rate 36 Month – Residual 60% of MSRP – .00225 Base Rate 48 Month – Residual 38% of MSRP – .00305 Base Rate 60 Month – Residual 30% of MSRP – .00305 Base Rate 2008 BMW 550i Sedan 24 Month – Residual 69% of MSRP – .00305 Base Rate 36 Month – Residual 59% of MSRP – .00305 Base Rate 48 Month – Residual 36% of MSRP – .00305 Base Rate 60 Month – Residual 28% of MSRP – .00305 Base Rate 2008 BMW M5 Sedan 24 Month – Residual 70% of MSRP – .00305 Base Rate 36 Month – Residual 57% of MSRP – .00305 Base Rate 48 Month – Residual 43% of MSRP – .00305 Base Rate 60 Month – Residual 34% of MSRP – .00305 Base Rate
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Replying to: veenieweenie (Nov 11, 2007 5:27 pm) 1. 528xi....prem,sport,cold,nav, 18alloys,sirius, sunshades,metalic paint 12x36 lease, 2200 down 699 month including tax and reg 2. 535xi...same as above....769 I think these are good numbers.....I can't seem to get any lower. |
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