- #1670 of 2596
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Re: Here's how I did [masterfung]
by Car_man HOST
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Jan 10, 2008 (3:31 am)
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Replying to: masterfung (Dec 31, 2007 8:07 pm)
Hello masterfung. BMW Financial Services' January buy rate lease money factor and residual value for a 36 month lease of a 2008 535xi with 15,000 miles per year are .00225 and 60%, respectively.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #1671 of 2596
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Re: January Lease Program [rothsran]
by Car_man HOST
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Jan 10, 2008 (3:38 am)
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Replying to: rothsran (Jan 03, 2008 11:03 pm)
Hi Randall. Unfortunately, the $1,000 lease cash incentive that BMW was providing on the 2008 5-Series in December was not continued for January.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #1672 of 2596
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Re: January Lease Program [gleek]
by Car_man HOST
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Jan 10, 2008 (3:44 am)
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Replying to: gleek (Jan 05, 2008 5:48 pm)
Hi gleek. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 535xi with 15,000 miles per year are .00225 and 60%, respectively. This car's 12,000 mile per year residual value is 2% higher. BMW FS does offer balloon notes, but given their lack of popularity I do not personally keep tabs on balloon note programs.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #1673 of 2596
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Re: January 2008 Lease Rates [jabber]
by Car_man HOST
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Jan 10, 2008 (3:47 am)
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Replying to: jabber (Jan 07, 2008 6:52 pm)
Hey jabber. x021627 is right. Unfortunately, the $1,000 lease cash incentive that BMW was providing on the 5-Series in December is no longer available in January.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #1674 of 2596
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Re: 550i Lease numbers [tnguy1]
by Car_man HOST
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Jan 10, 2008 (3:49 am)
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Replying to: tnguy1 (Jan 08, 2008 12:08 pm)
Hi tnguy1. You never mentioned the selling price of the 550i that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of the vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy give you my opinion of this deal if you let me know what its selling price is.
For now I can tell you that the money factor that you were quoted for this car is correct for non-returning BMW FS customers who have their security deposit waived.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #1675 of 2596
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550i
by tnguy1
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Jan 10, 2008 (12:15 pm)
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Car_man,
Thanks for your input. The selling price is 67500. So the gross capitalized cost is 68198 (67500 + 625 acq fee + 45 doc fee + 28 DMV titling fee). Cap cost reduction is 850. Adj cap cost is 67348. Resid value is 42071. Tax is 8.75%. Thanks Car_man.
tnguy1
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- #1676 of 2596
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Re: Money Factor for first time BMW owners [Car_man]
by loveandlight
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Jan 10, 2008 (4:26 pm)
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Replying to: Car_man (Jan 10, 2008 3:25 am)
Thanks Car_Man!
I ended up getting a pretty good deal on a 2008 535i. Thanks for all your help everyone, this site is awesome!!!
MSRP $60,670
I paid $57,705
No sales tax - (end of year tax credit)
no security deposit
MF .0024
$1000 back from BMW used for down payment
Monthly payment $781
36month/12,000 mile lease - 62% residual
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- #1677 of 2596
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Re: Money Factor for first time BMW owners [loveandlight]
by sls1
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Jan 10, 2008 (5:05 pm)
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Replying to: loveandlight (Jan 10, 2008 4:26 pm)
Does BMW require payment of the acquisition fee for current owners? If so, should I be paying that separately or should that be rolled into cost?
I was offered the following deal
2008 535i, premium package, sirius, ipod adaptor
MSRP- 52870
Cap Cost-50,870
24 months 12,000 miles per
$0 down and no security
$640 plus tax
(out of pocket is first, tax, tag and acquis fee of $625
Good deal?
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- #1678 of 2596
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Re: Money Factor for first time BMW owners [sls1]
by dark_katana
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Jan 10, 2008 (5:15 pm)
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Replying to: sls1 (Jan 10, 2008 5:05 pm)
Everybody pays the acquisition fee, current owners included. You can pay it up front or roll it into the lease. Personally, I like to pay it up front along with tax and security deposit if any so that the only thing my poor brain has to calculate for the lease payment is the cap cost.
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- #1679 of 2596
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Re: Money Factor for first time BMW owners [loveandlight]
by dark_katana
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Jan 10, 2008 (5:16 pm)
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Replying to: loveandlight (Jan 10, 2008 4:26 pm)
Awesome deal loveandlight! Enjoy.
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