Last post on Dec 09, 2013 at 3:18 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW 5 Series, Car Leasing, Sedan, Wagon
#1897 of 4286 Re: 535i high mileage lease? [calidave33]
Jun 02, 2008 (11:55 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 4286 Re: 535i high mileage lease? [ctshorse]
Jun 03, 2008 (8:26 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
#1899 of 4286 Re: Leasing 528i (36 months, msrp: 50475) [sidv22]
Jun 04, 2008 (1:59 am)
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.
Prices Paid: Buying & Leasing Experiences Forum
#1900 of 4286 Re: Purchasing BMW at lease end. [sk1182]
Jun 04, 2008 (2:08 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".
Prices Paid: Buying & Leasing Experiences Forum
#1901 of 4286 BMW lease 528i or 535i
Jun 06, 2008 (7:33 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
#1902 of 4286 Re: BMW lease 528i or 535i [sailingmoe]
Jun 06, 2008 (2:50 pm)
The rates and residuals are:
24 Month – Residual 66% of MSRP – .00200 Base Rate
36 Month – Residual 55% of MSRP – .00200 Base Rate
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?
#1903 of 4286 Re: BMW lease 528i or 535i [car_rm]
Jun 06, 2008 (9:23 pm)
Yes they are for the 528i. It looks like we can do better.
#1904 of 4286 2006 535xi - purchase,current car, lease current car or lease 2009?
Jun 09, 2008 (3:26 pm)
We would like to continue with the same make and model BMW if my company can support decision. If the economics support are justified, with the “Extended Warranty”, we would consider continuing with the same 2006 car.
This is the information that I have to date on the existing car.
- They are holding a security deposit of $749.00 which gets credited back to us less “Excess wear & Tear” and excess miles. The car has been inspected and the “Excess wear & Tear” cost/charge is $100.00 when turned in. The car has 36,303 miles on it which exceeds the 36,000 total allowance. Additional miles at $.20/mile.
- Lease is up 8/6/08
- Buyout on contract states $34,763.40 + sales tax total = $37,805.20
- Cost of extended warranty for 6 years or 100,000 miles is $3,670.31. Current warranty goes to 50,000 miles.
- Total buyout with warranty $41,475.51.
- Mfg rebate program thru July 3rd on this model is $6,900. With this total buy out, including extended warranty fee & sales tax is $33,822.15.
- They will finance this amount no money down at 5.9%; 60 month term is $653.46/month, 48 months $794.17 and 36 months is $1,029.23.
- To release same car for 36 months and 12,000 miles/year is $931.57/month.
What is the anticipated value in 6 years of the 2006 car?
We need to investigate lease cost of new car next.
Can anyone provide the facts and figures on 2009 BMW 535 XI
#1905 of 4286 Re: BMW lease 528i or 535i [sailingmoe]
Jun 09, 2008 (4:33 pm)
I am in Southern California (Pasadena) and just leased a 528i and was able to get a deal for basically $1,100 below invoice. Here are the specifics:
Base MSRP: 44,300
Premium: 2, 300
Invoice MSRP: 41,030
I was able to get my 528i for $45,631, which is about $1,100 below the invoice cost. Essentially, I told them that I would split the premium package credit with them, which is $2,095, and that I would pay invoice for everything else. I had two different dealerships in the LA area meet that deal. I did a two year lease at 10,000 miles per year.
Let me know if you have any questions.
#1906 of 4286 Re: BMW lease 528i or 535i [gocalbears]
Jun 09, 2008 (6:16 pm)
After looking around and reading this post we just leased a 528i from BMW of palm springs. good or bad here is what I paid. I think it's good and they were very nice.
Comfort access 1,000
park distance 700
Xenon headlights 800
Nav system 1900
Logic 7 sound 1200
Total MSRP 53375
Dealer chrome wheels 2000
Total Dealer sticker $55,375
Purchase price $48,850
Car $48,375 $5,000 off of MSRP (said he would take 5k any of the ones with lots of options.)
Wheels $475 dealer said "cost of 950, split with me so they did not have to take them off" who knows.
15,000 miles year lease
$2,296 dive off
$784.10 with tax.
Hope this helps for the next leaser.