- #1588 of 2604
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Re: 2008 535i 24 month Lease in South Florida [smithsonga]
by amandad123
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Dec 16, 2007 (6:52 pm)
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Replying to: smithsonga (Dec 16, 2007 6:16 pm)
Thanks alot for taking the time to respond to my post.....What exactly is the money factor and residual??..........yes they wanted 825 acq. fee......im going to go to 2 more dealers and see what i get....i dealt with this with my 300C....i went from $720 to $490 lease payment and from $4500 down to no money down between dealing with 4 dealerships...its nuts how big of a price difference you can get from one dealer to another....price gauging should be against the law for autos...lol...and i hate being told they can do it if you sign asap..cuz even when you dont sign right on the spot, they will still haunt you for weeks....
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- #1589 of 2604
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Re: 2008 535i Money Factor [loveandlight]
by lovemyclk
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Dec 17, 2007 (9:02 am)
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Replying to: loveandlight (Dec 14, 2007 8:53 pm)
I don't believe the "sign and drive" lease should adversely affect your MF at all. I received both a sign & drive as well as cap cost reduction quote and both had the same MF... although I have not pulled the trigger and am still hanging on to my '03 5er.
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- #1590 of 2604
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First offer on a 535i
by jamesd553
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Dec 17, 2007 (1:58 pm)
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Ok, I emailed 3 dealers around Los Angeles for a 535i... w/ Sport, Prem, Nav and Heated seats. KBB has MSRP at 57,375.and invoice of 52780. I told them I wanted 3 year, 12000/mi lease. One already came back with:
MSRP: 57375
Your Price: 53940
No money down, payment: 698 + Tax 36/10000 miles.
I called and she said I was getting 1000 wich was going towards cap reduction so its not included in the price and a MF of .00225.
From what I read this sounds like a great deal espcially right off the bat. Does anyone else think I should try to hold out for something better or are they just giving me their best deal first?
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- #1591 of 2604
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Re: First offer on a 535i [jamesd553]
by ninabeemer
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Dec 18, 2007 (4:17 pm)
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Replying to: jamesd553 (Dec 17, 2007 1:58 pm)
They NEVER give you their best deal first! If I understand you correctly, they've factored in the $1K incentive into "your price", so you're paying $53,940 for the car. I ran the numbers and, based on that price, the sticker, and the MF, that payment comes out correct. However, the invoice on that car is $52,780, and with the $1K incentive their true "invoice" is $51,780. So you're giving them a $2K profit, which may be the best you can do, maybe (probably) not.  For every $1K you get off the price, your payment decreases by about $30 / month. I'd start at $51,780 and negotiate up from there, not down from their price. Good luck! 
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- #1592 of 2604
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Re: First offer on a 535i [jamesd553]
by smithsonga
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Dec 18, 2007 (5:29 pm)
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Replying to: jamesd553 (Dec 17, 2007 1:58 pm)
Agreed...average deal.
Try to get a better price.
verify the 'no money down'. I assume you have to pay 1st month, security deposit...so that is $1400 right there. They normally hit you with a doc fee...of $299-$499.
Verify the Acquistion fee...it is normally rolled into your cap cost. $625 is what it should be, no more.
A good start however, but dont take it yet...forward that offer back to the other dealers.
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- #1593 of 2604
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Re: Is this a good deal??? [webba]
by Car_man HOST
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Dec 19, 2007 (3:07 am)
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Replying to: webba (Dec 15, 2007 5:15 pm)
Hi webba. The dealer invoice price of the car that you described is $49,090. Taking the $1,000 cash incentive that BMW is providing on this car into account, the selling price that you were quoted is equivalent to right around $1,000 over. This is a reasonable price for this car, but it wouldn't hurt to stop by the "BMW 5-Series Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar cars lately. The money factor that you were quoted is right in line with BMW Financial Services' buy rate for this car. The numbers behind this deal look good, but the monthly payment that you were quoted looks pretty high. I just worked up a zero down, pre-tax payment on this car and I came up with only $643 per month with the processing fee and tags added into the cap cost. What did the dealer say your payment is before tax? You need to find out why the payment that they quoted is so much higher.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #1594 of 2604
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Re: 2008 535i 24 month Lease in South Florida [amandad123]
by Car_man HOST
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Dec 19, 2007 (3:21 am)
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Replying to: amandad123 (Dec 16, 2007 6:52 pm)
Hi amandad123. BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2008 BMW 535i with 10,000 miles per year are .00225 and 74%, respectively with the payment of a security deposit and a $625 acquisition fee at lease signing. Any dealer that tries to charge you a higher acquisition fee than this is padding the charge to add additional profit to your deal.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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- #1595 of 2604
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Re: 535xi lease rate [gaawb1]
by ahnj
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Dec 19, 2007 (10:08 pm)
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Replying to: gaawb1 (Dec 15, 2007 7:13 am)
nice work gaawb1. where are you located? I'm curious if this deal is available in northern California (bay area).
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- #1596 of 2604
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Re: 535xi lease rate [ahnj]
by gaawb1
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Dec 20, 2007 (5:14 am)
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Replying to: ahnj (Dec 19, 2007 10:08 pm)
I'm in Madison, WI but had to go to Chicago to get this deal. There's only one BMW dealership in this area and they won't deal because they know they don't have to. They own Infiniti, Audi, Saab, Acura, Porche, Mercedes, Honda, VW, and a few of the american manufacturers. Needless to say, they've set up a monopoly. I bought an Acura MDX for my wife last month and had to go to Chicago for that as well. Your pricing should be predicated on the number of dealers you have in the bay area, which I would think should be pretty high. I only had to play two dealers off each other, but I also made the deals look sweeter than they actually were when I went back-and-forth. Good Luck.
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- #1597 of 2604
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Hunting down my 535i in South Florida
by amandad123
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Dec 20, 2007 (9:35 am)
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Thanks everyone for your help...i will keep in touch with the offers i get....braman motors of palm beach is next on my itinerary!
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