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BMW 5-Series Lease Questions

1982 messages,  Last post on Sep 03, 2008 at 3:20 PM

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


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#1893 of 1982
BMW 528i and Jeep trade-in by pborb
May 27, 2008 (7:00 pm)
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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 1982
Re: 528xi 30 month lease help? [tmass1] by ctshorse
May 28, 2008 (3:34 pm)
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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 1982
535i high mileage lease? by calidave33
Jun 02, 2008 (10:27 am)
Reply
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
#1896 of 1982
Re: 535i high mileage lease? [calidave33] by kyfdx HOST
Jun 02, 2008 (12:01 pm)
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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 1982
Re: 535i high mileage lease? [calidave33] by ctshorse
Jun 02, 2008 (12:55 pm)
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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.
#1898 of 1982
Re: 535i high mileage lease? [ctshorse] by calidave33
Jun 03, 2008 (9:26 pm)
Reply

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 1982
Re: Leasing 528i (36 months, msrp: 50475) [sidv22] by Car_man HOST
Jun 04, 2008 (2:59 am)
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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 1982
Re: Purchasing BMW at lease end. [sk1182] by Car_man HOST
Jun 04, 2008 (3:08 am)
Reply

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
#1901 of 1982
BMW lease 528i or 535i by sailingmoe
Jun 06, 2008 (8:33 am)
Reply

Replying to: Car_man (Jun 04, 2008 3:08 am)

To any one with good info.
 
I am looking to lease either a 528i or 535i here in Southern California. I am looking to get Premium, sport, and Nav on it. I have seen different MF and residuals posted at different times. Do they change with the month? if so, does anyone know what are they for June? My current "good guy" ( I know a friend of a friend) offer is; MSRP 52,075 my price 48,295 residual 34,890 24mon 15kmiles/yr tax at 7.75% total payment. $848.30
 
Thanks!
#1902 of 1982
Re: BMW lease 528i or 535i [sailingmoe] by car_rm
Jun 06, 2008 (3:50 pm)
Reply

Replying to: sailingmoe (Jun 06, 2008 8:33 am)

Sailingmoe,
 
The rates and residuals are:
 
535i
24 Month – Residual 66% of MSRP – .00200 Base Rate
36 Month – Residual 55% of MSRP – .00200 Base Rate
 528i
24 Month – Residual 67% of MSRP – .00220 Base Rate
36 Month – Residual 55% of MSRP – .00220 Base Rate
 
Dealers may mark up these rates by as much as .0004. If you are aware that the dealer is doing this, you can negotiate it down. Also with the acquisition fee, they may increase that from $625 to $825. If this is your first BMW lease and not paying the security deposit, there is an additional increase to the money factor. This can be avoided by paying the security deposit. You can also lower the MF by .00007 for each additional security deposit up to 7 deposits.
 
Additionally, for the 5 series there is an option credit for the premium package available through the end of June. Your numbers are for a 528i?

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