- #1675 of 2598
-
550i
by tnguy1
-
Jan 10, 2008 (12:15 pm)
-
|
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
|
- #1676 of 2598
-
Re: Money Factor for first time BMW owners [Car_man]
by loveandlight
-
Jan 10, 2008 (4:26 pm)
-
|
|
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
|
- #1677 of 2598
-
Re: Money Factor for first time BMW owners [loveandlight]
by sls1
-
Jan 10, 2008 (5:05 pm)
-
|
|
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?
|
- #1678 of 2598
-
Re: Money Factor for first time BMW owners [sls1]
by dark_katana
-
Jan 10, 2008 (5:15 pm)
-
|
|
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.
|
- #1679 of 2598
-
Re: Money Factor for first time BMW owners [loveandlight]
by dark_katana
-
Jan 10, 2008 (5:16 pm)
-
|
|
Replying to: loveandlight (Jan 10, 2008 4:26 pm)
Awesome deal loveandlight! Enjoy.
|
- #1680 of 2598
-
Re: Money Factor for first time BMW owners [dark_katana]
by sls1
-
Jan 10, 2008 (5:50 pm)
-
|
|
Replying to: dark_katana (Jan 10, 2008 5:15 pm)
That's what I thought. Thanks
|
- #1681 of 2598
-
Re: 550i [tnguy1]
by Car_man HOST
-
Jan 11, 2008 (2:18 am)
-
|
|
Replying to: tnguy1 (Jan 10, 2008 12:15 pm)
You're very welcome, tnguy1. OK, so you were quoted a selling price of $67,500 on a 2008 BMW 550i that has an MSRP of $69,470. This amounts to a discount of just under $2,000. This car probably has a spread of around $5,500 or so between its MSRP and its dealer invoice price. So that puts the price that you were quoted at around $3,000 over invoice. I am not intimately familiar with what the market is like for the 550i right now, but that's enough room that if there is another BMW dealership to two in your area it wouldn't hurt to shop around. Also, make sure 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.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
|
- #1682 of 2598
-
Re: Money Factor for first time BMW owners [loveandlight]
by Car_man HOST
-
Jan 11, 2008 (2:20 am)
-
|
|
Replying to: loveandlight (Jan 10, 2008 4:26 pm)
No problem, loveandlight. Thanks for stopping back and sharing the details of your lease with everyone. Make sure to visit the new Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others. Enjoy your cool new ride  .
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
|
- #1683 of 2598
-
Good deal or NOT ..part 2
by claire_m
-
Jan 11, 2008 (1:03 pm)
-
|
for an '08 528i w/ premium and cold weather packages + park distance control on a lease RETURN car (14K miles already on car).
24 month lease
$5k up front
$450/month (includes tax, my tax rate is$ 8.75%)
need to decide ASAP. please offer much needed ADVICE! I'm a bit hesitant on a "used" lease car.. is this a good deal? THANK YOU!!
|
- #1684 of 2598
-
Re: Good deal or NOT ..part 2 [claire_m]
by x021627
-
Jan 12, 2008 (12:56 pm)
-
|
|
Replying to: claire_m (Jan 11, 2008 1:03 pm)
claire: you are buying down the monthly lease rate, by reducing your capitalized cost with the $5k down. You should look to never put any money down on a lease. You didn't mention the selling price as well as the residual and money factors the dealer is charging you. hard to know if it's a good deal without it. I'd like to see the maintenance records on this car and you can also try CARFAX since the 14K miles were put on in a very little period of time. You could probably due better on an new vehicle. they are alot of smart folks on this board that can give you better responses then I, but I just mentioned a few things I have learned so far on this board.
Good Luck!
x021627
|
![[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 
