Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
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
|
|
|---|---|
|
Replying to: habanero1 (Dec 12, 2007 7:49 am) I got a 528i MSRP of $52045. Lease at $600/month, 2 years, 10k miles. $1800 up front including 1st payment, security, fees. |
|
|
Replying to: smithsonga (Dec 11, 2007 5:47 pm) MSRP: $60,320 Selling price: $57,905 Acquisition fee: $825 Money Factor: 0.00245 Residual: $37,398.40 Down payment: $8000 Monthly payment: $630 (includes taxes) 36 months / 12K miles Is this a good deal??? Thanks.
|
|
|
|
|
Replying to: gaawb1 (Dec 12, 2007 8:09 am) The price is pretty good. $2415 off. I just got a 528i at $3200 off. You decide if that is fair. The $825 ACQ fee is marked up $200 The .00245 money factor is marked up from .00225 (that is worth about $20/month in this case..or $740 over the 36 month lease) Now this gets tricky. Is the $8000 down the total up front? My calculations show from above you need all the $8000 to get that lease price if your sales tax is 7%. Up front you typically have doc fees (300-500), 1st month and security deposit...oh, and sales tax on the cap cost reduction. ($560 is 7% of $8000). Personally, I would do these two scenarios. Both put the money factor back to 0.00225 and ACQ fee to $625. Reduce the sales price to $57500. Also, there is a $1k incentive on all 5-series right now: $0 money down (upfront would be doc+1st month+security+title): $814/month. $8000 money down (same upfront above + sales tax on $8000): 557 Jim |
|
|
|
|
Replying to: gaawb1 (Dec 12, 2007 8:09 am)  Without knowing all your options, it's hard to know how good your actual selling price is but you should try to get to a selling price of about 2% above invoice. You may not get there, but that's the target. As to the lease itself, the December 2008 Lease Rates on a BMW 535xi for 36 Months/12K per year is Residual 62% of MSRP – .00225 Base Rate The residual for your deal is dead on, but the money factor is pretty high--works out to approximately 5.88% per year vs. 5.4% at factory Base Rate. The acquisition fee (or inception fee) of $825 you are being charged is the maximum BMWFS allows, $625 is what BMWFS charges and that's all you should pay. Also, I think it is a very bad idea to put down as much as $8000 on a leased car. I think it is a particularly bad idea to put down that much and then roll taxes into the monthly lease payment--you don't want to pay interest on taxes. (By the way, what is the tax rate and what part of the lease is taxed in your locale?). I am a strong believer in only putting the bank fee, security deposit, taxes and first month's payment down on an auto lease in order to take maximum advantage of the factory subsidized interest rate. If you have that much money to put down on a BMW lease, I strongly advise you to read up on BMW's Multiple Security Deposit Program whereby you reduce the money factor on the lease by making multiple security deposits that you get back at the end of your lease. Under the current program, you can make up to seven additional security deposits and reduce your money factor 0.0007 per payment. Read all about the MSD program here: http://www.bimmerfest.com/forums/showthread.php?t=134206 Hope I've been helpful. Good luck! |
|
|
Replying to: smithsonga (Dec 12, 2007 8:52 am) It is nice to have people like you out there.
|
|
|
Replying to: gaawb1 (Dec 12, 2007 9:26 am) |
|
|
Replying to: smithsonga (Dec 12, 2007 8:52 am) "The numbers that I gave you include the 1000 from BMW (so the total due at signing would be 9000, but with the 1000 from BMW it is brought to the 8000). I can not reduce the numbers in any other way. The fees are the way that they are. My financing department needs to make some money too. They don't sign the paperwork for free. The selling price of the car is as stands. I can not do anything else." So would you walk and start the process again with another dealer? |
|
|
Replying to: gaawb1 (Dec 12, 2007 2:42 pm) "The numbers that I gave you include the 1000 from BMW (so the total due at signing would be 9000, but with the 1000 from BMW it is brought to the 8000). I can not reduce the numbers in any other way. The fees are the way that they are. My financing department needs to make some money too. They don't sign the paperwork for free. The selling price of the car is as stands. I can not do anything else." So would you walk and start the process again with another dealer? IMHO......walk away.
|
|
|
|
|
Replying to: carnaught (Dec 12, 2007 3:41 pm) Now, email 4 other dealers and reference the car at the first dealership. They can find it and quote it. Patience and some work will reward you.
|
|
|
Replying to: smithsonga (Dec 12, 2007 4:40 pm) |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences BMW 5-Series Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2011 BMW 5 Series
Browse by Board
Browse by Topic
Today's Chats
