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BMW 5-Series Lease Questions

2572 messages,  Last post on Nov 06, 2009 at 3:19 PM

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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#1659 of 2572 BMW 550i by cafinfan Jan 07, 2008 (12:13 pm)
Hello group, My employer wants to lease me a car with a budget of 1,100 a month for 24 months. I am interested in a 550i. No money down.I am in San Francisco, CA. Do you think this is possible? I am beginning to do my homework on leasing, etc. I still want to get the best deal possible and look foward to this as an exercise in learning about leasing. My strategy - identify exactly what options I would like. (Almost done) Make a list of all dealers within 100 miles. Contact all dealers to make an offer? what do you think? Replies to this message: dark_katana (Jan 07, 2008 2:49 pm)
#1660 of 2572 Re: BMW 550i [cafinfan] by dark_katana Jan 07, 2008 (2:49 pm)
Replying to: cafinfan (Jan 07, 2008 12:13 pm) Obviously deciding on what options you like is a first step, but before contacting dealers I would also suggest you obtain the Invoice and MSRP prices for those options. That information is available from Edmunds. After you find out the invoice cost for your car as optioned, you will be in a better position to negotiate.   Also, I would be remiss were I not to to tell you that an $1100 a month lease payment is knocking on the door of the BMW 750i. According to Edmunds, there is a $5000 incentive from BMWNA to dealers right now on the Seven Series so it may be possible to get the payment down to $1100 a month even with a full slate of options on the 750i.   You should definitely test drive the 750i if you are considering a 550i anyway.
#1661 of 2572 Re: January 2008 Lease Rates [dark_katana] by jabber Jan 07, 2008 (6:52 pm)
Replying to: dark_katana (Jan 07, 2008 10:46 am) Anyone know if there is still the $1k lease cash on the 5 series? Is it more, less, or gone? Replies to this message: x021627 (Jan 08, 2008 4:16 pm) Car_man (Jan 10, 2008 3:47 am)
#1662 of 2572 550i Lease numbers by tnguy1 Jan 08, 2008 (12:08 pm)
Comments on this lease deal: 2008 550i MSRP 69,470. 36 months/36k miles, $0 down, 1st payment only, $1200 to pay off my current lease, $985/month + tax = $1072. I was told 61% residual, money factor of 0.0260 Thanks. Replies to this message: Car_man (Jan 10, 2008 3:49 am)
#1663 of 2572 Re: January 2008 Lease Rates [jabber] by x021627 Jan 08, 2008 (4:16 pm)
Replying to: jabber (Jan 07, 2008 6:52 pm) heard it was done and not applicable for January although residuals and money factors stayed the same.
#1664 of 2572 535xi lease payment in chicago by chicago71 Jan 08, 2008 (4:18 pm)
interestested in any views on a quoted lease payment of $813 per month on a 535xi black/black with premium and cold weather package. $12K per year for 3 years. 0 down and includes taxes. would pay first month of lease and registration at signing for $1018 at closing.   Additional fact: I have a 330xi true lease that the dealer says can be used as a trade in to get me this deal. it is a 2005 with sport package and everything else, just about. 24K out of 36k used on a 3 year lease. Not sure if that matters, but the guy talked about helping with taxes, which did not make sense to me given this is a true lease. Replies to this message: dark_katana (Jan 08, 2008 6:16 pm) kyfdx (Jan 08, 2008 6:42 pm)
#1665 of 2572 Re: 535xi lease payment in chicago [chicago71] by dark_katana Jan 08, 2008 (6:16 pm)
Replying to: chicago71 (Jan 08, 2008 4:18 pm) Uhm, what's a "true lease?" Isn't that an accounting/tax concept? Replies to this message: kyfdx (Jan 08, 2008 6:42 pm)
#1666 of 2572 Re: 535xi lease payment in chicago [dark_katana] by kyfdx HOST Jan 08, 2008 (6:42 pm)
Replying to: dark_katana (Jan 08, 2008 6:16 pm) I think he means lease vs. balloon note, which are common in Illinois, due to high lease taxes..   Guessing all that, given his member name..
#1667 of 2572 550i 24 Month Lease by cafinfan Jan 08, 2008 (8:53 pm)
$71,145 with a residual of 72% and money factor of .0030 for 24 months. Sound like a good deal? Replies to this message: dark_katana (Jan 09, 2008 10:23 am)
#1668 of 2572 Re: 550i 24 Month Lease [cafinfan] by dark_katana Jan 09, 2008 (10:23 am)
Replying to: cafinfan (Jan 08, 2008 8:53 pm) With what options?

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