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Prices Paid: Buying & Leasing Experiences 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
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Replying to: dark_katana (Dec 30, 2007 2:28 pm) Happy New Year to you and all ! |
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Replying to: pagelmunda (Dec 30, 2007 3:01 pm)
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Hi: I'm new to the board and want to buy a 528i 2008 asap! The best (I think) deal I have so far for a 528i w/ premium package: 24 month lease 12Kmiles/yr 5K down $468 (including tax)/month Any thoughts feedback would be greatly appreciated. THANKS in advance
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Replying to: claire_m (Dec 30, 2007 5:36 pm)  I'll do a quick back of the envelope for you and show you how this works. Let's leave taxes, tag, bank fee and security deposit out of if for simplicity 528i Base Model Invoice--$40,755, MSRP--$44,300 Premium Package Invoice-- $2,095 MSRP-- $2,300 Destination and Handling $775 Total Invoice--$43,600 Total MSRP--$47,375 $5,000 down (Subtract from MSRP) December lease rate for 528i--24 months/12000k-- Residual 75% of MSRP – .00225 Base Rate Money Factor Buying the car at MSRP gets you a monthly payment calculated as depreciation fee of ($42,375 - $35,531)/24=$285.16 plus Finance fee of ($42,375 + $35,531) x .00225 = $175.29 Total payment of $460.45 Unless you live in a very high sales tax state (like me) even factoring in the bank fee and the tax, it sounds like you're getting the car pretty close to MSRP if you only have the premium package as an option. In addition, there is a $1000 cash incentive from BMW to the dealer on the 5 series right now that seems to have gone straight into the dealer's pocket with no credit to you. Try negotiating the purchase price from invoice not MSRP and then apply the lease rate. My target is to get the dealer down to invoice plus 2%--you may not get there, but that's the target to shoot for. It's also always easier to calculate your deal if you pay the tax, tag and bank fee upfront. You shouldn't be rolling the tax into the lease payment anyway since it doesn't make much sense to finance a tax payment. Not to pressure you, but the BMW December lease rate I quoted above is only good through 01/02/2008, so you need to lock in this week.
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Replying to: dark_katana (Dec 30, 2007 4:43 pm)
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Replying to: pagelmunda (Dec 31, 2007 3:42 am) It sure would be nice if you could PM people here at car space, like on other forums.
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Replying to: dark_katana (Dec 30, 2007 6:15 pm)
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Replying to: claire_m (Dec 31, 2007 8:40 am) Keep looking. Any dealer can order the car for you from Germany and you can still lock the rate if you sign before 01/02/08. You might lose the $1000 incentive from BMW (that only applies to cars in current inventory), but you can make that up by some hard bargaining. Good luck. |
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Replying to: dark_katana (Dec 31, 2007 7:39 am)  CarSpace.com You can access your own e-mail account via the mailbox tab at the top right of the page. regards, kyfdx
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Replying to: kyfdx (Dec 31, 2007 9:19 am) Looking to buy in Colorado.
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