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BMW 5-Series Lease Questions

2005 messages,  Last post on Oct 06, 2008 at 9:50 AM

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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#1850 of 2005
Need Advice In NJ by bmw62
Apr 21, 2008 (8:48 am)
Reply
535xi
6020 miles
taxes, title and bank down
was $57k
price brought down to $53k
30 mo lease $642
12k miles/yr
  
what do you think -- is this worth exploring further?
#1851 of 2005
Re: Need Advice In NJ [bmw62] by x021627
Apr 23, 2008 (3:49 pm)
Reply

Replying to: bmw62 (Apr 21, 2008 8:48 am)

is this at Morristown BMW? I am asking since a few months ago I recall a CA there emailing me about a similar car when I was looking. I think you should see the best deal you could get on a NEW 535xi similarly equipped. People are getting good deals and there is alot of competition in NJ since there are so many dealers. Also if you want an XI who is looking to buy those in the Spring?
 
Good Luck and let us know how you make out!
 
 
#1852 of 2005
535i Lease by gjonesmi
Apr 25, 2008 (1:44 pm)
Reply
I have been offered a 2008 535i lease that they are quoting a 24 month residual of 73% and a money factor of .023. Does this sound correct.
#1853 of 2005
Re: 535i Lease [gjonesmi] by car_rm
Apr 25, 2008 (2:37 pm)
Reply

Replying to: gjonesmi (Apr 25, 2008 1:44 pm)

The MF quoted makes sense as long as you understand that the dealer has bumped is up by .0004, the maximum that they can increase it by. This increase can be negotiable depending on the dealer.
#1854 of 2005
Re: 535i Lease [car_rm] by gjonesmi
Apr 25, 2008 (3:54 pm)
Reply

Replying to: car_rm (Apr 25, 2008 2:37 pm)

I do understand they bumped up the money factor but it also looks like they bumped up the residual. Will one offset the other?
#1855 of 2005
Re: 535i Lease [gjonesmi] by kyfdx HOST
Apr 26, 2008 (7:06 am)
Reply

Replying to: gjonesmi (Apr 25, 2008 3:54 pm)

The 73% residual is correct for 24mo/24K miles...
 
The 24mo/30K residual is 71%..
 
The dealer can't change these numbers.. they are set by BMWFS
 
regards,
kyfdx
#1856 of 2005
BMWFS Base Rates by weirvinejr
Apr 27, 2008 (2:31 pm)
Reply
I am being told by a dealer in Atlanta that the April 2008 BMWFS buy rate of 0.0019 can only be obtained by returning BMW customers. Is this true? He's quoting a 0.00285 rate.
Thanx
Walt
#1857 of 2005
Re: BMWFS Base Rates [weirvinejr] by smithsonga
Apr 27, 2008 (6:08 pm)
Reply

Replying to: weirvinejr (Apr 27, 2008 2:31 pm)

You are being taken for the typical ATL dealer ride.
 
Call BMW in Macon or Athens and talk to their internet guys. They can pull the car out of the ATL dealer and save you $.
#1858 of 2005
BMWFS Base Rates continued by weirvinejr
Apr 29, 2008 (2:30 pm)
Reply
The Atlanta dealer has come down to 0.00225, and claims that I can lock this in for 30 days if I get the BMWFS credit application in before close of business 30 Apr. He also claims that they will not go any lower on the money factor. From reading here, I should be able to get 0.00190 + 0.00015 without a security deposit. He's quoting $720 not including tax on a 36 month, 10K miles lease. MSRP 56670 Cap cost 53500 (no fees included according to him, but I can't find acq fee) 63% residual Money factor 0.00225. Total up front: 1st month payment, doc fee, tax, title, tag = $1365. Claims to know that May residuals and money factors are going up, and is pushing real hard to get an end of month sale. My figures show $713.76 monthly before tax with an acq fee of 625 included in cap cost.
What do y'all think?
#1859 of 2005
bears22 by bears22
Apr 29, 2008 (3:47 pm)
Reply
Anyone know when BMW is doing a substantial make-over of the 5 series? Anyone seen any images of it?

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