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BMW 5-Series Lease Questions

1970 messages,  Last post on Aug 20, 2008 at 3:39 AM

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What is this discussion about? BMW 5 Series, Car Leasing, Sedan, Wagon

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#1891 of 1970 Re: I held out for this deal - anyone else like it [ctshorse] by x021627 May 25, 2008 (8:28 am)
Replying to: ctshorse (May 25, 2008 8:03 am) wow......overall except the $1500 down on the lease. One should never put $$$ down, but otherwise. I did get the tire warranty for my 528xi. I put 3 tires in 2 years on a 2005 Lexus (potholes) and that would have more than paid for tire warranty. I would advise, though to either bargain with dealer over tire warranty or get it on your own cheaper.   good luck and et us know what you decide.
#1892 of 1970 528xi 30 month lease help? by tmass1 May 27, 2008 (8:16 am)
I went to two different dealers recently and was offered two completely different terms and deals. One had a better lease rate and the other was selling the same car for much cheaper. Maybe someone can offer some insight....   I got a quote from one Long Island(NY) dealer for a 528xi with premium pckg, cold weather pckg, and navigation with 12k miles for $51,000(invoice). The dealer said the 30 month(not 36) lease had the best lease rates(69% residual and .00230 mf) and provided numbers of $4,000($1900 tax, first payment $664.20, $162 fees, $650 security deposit, and $625 bank fee) out of pocket and $664.20/month payment   Another Long Island dealer gave me the following quote on a 36 month lease. Same car and options for $47,865(invoice) with a residual of 55% and mf of .00230 for a monthly payment of $675/month and $4270 out of pocket.   The 1st dealer never gave me an option for a 30 month lease which has a far better residual of 69% but he was selling me the car for $3135 cheaper. Was the first dealer mistaken with the 30 month term? I don't see anyone saying the were offered a similar term. I'd like to have some information before I approach each dealer. Any input would be greatly appreciated.   Thanks! Replies to this message: ctshorse (May 28, 2008 3:34 pm)
#1893 of 1970 BMW 528i and Jeep trade-in by pborb May 27, 2008 (7:00 pm)
Got a 528i (premium package, sirius, I pod, xenon) 24 month 12k mile lease for $3500 down at $699/month (plus 7% FL tax), but wrapped into this they took my old 2002 Jeep Grand Cherokee Overland with 83k miles (plus bad AC, check engine light on, and worn brake pads, some rust on the hood) and paid off my remaining loan of $10,300. Did I get ripped off? Thanks.
#1894 of 1970 Re: 528xi 30 month lease help? [tmass1] by ctshorse May 28, 2008 (3:34 pm)
Replying to: tmass1 (May 27, 2008 8:16 am) I'm not putting any money on cap reduction... 1500 down is standard for ANY lease which includes 1'st month plus bank fee and tittle/tags.... they are cutting the 1500 own by $700 to cover the last month of current lease....
#1895 of 1970 535i high mileage lease? by calidave33 Jun 02, 2008 (10:27 am)
Hi   I am getting a new company car in Sept. I'm considering a 535i, however.. I drive about 30K miles per year. Does BMW offer a 30K mile per year, 36 mo lease? I must lease due to company policy.. I have been driving Chevy Tahoes, however they want to switch to something with better mpg. Chevy, has track and high mileage leases. I doubt BMW does? If not, is there a way to buy mileage? What are my options?   I can spend up to $50K, and I know that is pushing it for a 535, but I'd rather sacrifice some luxuries and have more power with the 535 over the 528.   Thanks Dave Replies to this message: kyfdx (Jun 02, 2008 12:01 pm) ctshorse (Jun 02, 2008 12:55 pm) calidave33 (Jun 03, 2008 9:26 pm)
#1896 of 1970 Re: 535i high mileage lease? [calidave33] by kyfdx HOST Jun 02, 2008 (12:01 pm)
Replying to: calidave33 (Jun 02, 2008 10:27 am) BMWFS will write any mileage, as long as it is under 100K miles.. A 3yr/90K mile lease will probably be about $200/mo. more than a 3yr/45K mile lease..   Not too bad, considering the base payment on a 535i is probably $800/mo... I doubt you'll find one for $50K, though...   regards, kyfdx Host-Prices Paid Forums
#1897 of 1970 Re: 535i high mileage lease? [calidave33] by ctshorse Jun 02, 2008 (12:55 pm)
Replying to: calidave33 (Jun 02, 2008 10:27 am) I was in same situation in 2005 when I got into a 530i lease. Got the 12K miles knowing I'd be way over in 3 years. What I did is buy miles from BMW during the life of the lease. You can get miles ala cart at $0.16 / mile. I'd do the numbers first. If you know for sure the miles you will drive, it could be cheaper to get them upfront. At lease end, its $0.20 / mile. My company pays me the current mileage rate which is around $0.40 per mile. I'm getting a new lease next week and I'm going for the 10K lease this time. Do the math. For me, I made $0.20 /mile on every b-trip. The only problem I had with this strategy was the warranty. MAKE SURE you get the car serviced completely before 50K. Or, add an extended warranty plan. I had to replace the tires at 55K and had a few minor repairs ($500) over 50K warranty. Replies to this message: calidave33 (Jun 03, 2008 9:26 pm)
#1898 of 1970 Re: 535i high mileage lease? [ctshorse] by calidave33 Jun 03, 2008 (9:26 pm)
Replying to: ctshorse (Jun 02, 2008 12:55 pm) thanks for the replies..   I dont get paid mileage.. my company just pays for the car, payment, repairs.. I just need to keep the monthly payment at a certain level. I am certain about my mileage, its been about the same for 12 years.   I got a quote today 535i, 36 mo, 30K/yr, $3K drive off msrp $51K, invoice $47K quoted $845 mo, plus tax = $890   any thoughts?
#1899 of 1970 Re: Leasing 528i (36 months, msrp: 50475) [sidv22] by Car_man HOST Jun 04, 2008 (2:59 am)
Replying to: sidv22 (May 15, 2008 9:20 pm) Hi sidv22. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 528i with 15,000 miles per year are .00220 and 55%, respectively. I am not personally familiar with what the market is like for this car right now, but you should be able to get an idea of how much you will have to pay for one by stopping by the "BMW 5-Series Prices Paid and Buying Experience" discussion.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1900 of 1970 Re: Purchasing BMW at lease end. [sk1182] by Car_man HOST Jun 04, 2008 (3:08 am)
Replying to: sk1182 (May 20, 2008 8:37 am) Hi sk1182. It wouldn't hurt to place a call directly to BMW Financial Services to see if they would be willing to negotiate your car's end of term purchase price. If you do not have any luck with your initial contact, try working your way up the ladder to a manager. More often than not, banks are unwilling to negotiate leased vehicles' purchase prices...but you don't have anything to lose by trying.   If your mother doesn't put many miles on her cars, you may find that paying three grand for an extended warranty is not worth it.   You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site or by visiting the the following discussion: "Real-World Trade-In Values".   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: sailingmoe (Jun 06, 2008 8:33 am) car_rm (Jun 06, 2008 3:50 pm) sailingmoe (Jun 06, 2008 10:23 pm) gocalbears (Jun 09, 2008 5:33 pm) sailingmoe (Jun 09, 2008 7:16 pm) and 1 more...

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