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BMW 5 Series, Car Leasing, Sedan, Wagon
#1904 of 3946 2006 535xi - purchase,current car, lease current car or lease 2009?
Jun 09, 2008 (4:26 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 3946 Re: BMW lease 528i or 535i [sailingmoe]
Jun 09, 2008 (5:33 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 3946 Re: BMW lease 528i or 535i [gocalbears]
Jun 09, 2008 (7:16 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.
#1907 of 3946 So Cal 535i Lease Specifics
Jun 10, 2008 (10:24 am)
First time poster here. I am in the market for a 535i. I have this curent deal at hand. Can someone knowledgable tell me if I should pull the trigger on this deal? Thanks.
'08 535i $49,400 $45,450
Dst Chrg 775 775
Premium 2,100 1,910
Sports 2,800 2,550
Nav 2,100 1,900
IPod 400 365
Sports trans 500 455
high beam assist 250 230
Total $58,125 $53,465
Sale price $52, 647.17
Term 36 months
Residual value 64%
$1,252.16 due at signing includes 1st month, title, tax, license fee
Thanks for all your help.
#1909 of 3946 Re: So Cal 535i Lease Specifics [ehk15]
Jun 11, 2008 (4:26 pm)
I noticed the residuals are much worse now than they were in Dec. I got a 528i at 73% residual vs. 67% now.
However, comparing the competition you have to be careful. Lexus looks great because the lease RATE is very very low (interest) but the residuals are horrible. BMW has had higher residuals but much higher interest rates.
#1910 of 3946 BMW 528xi 24 month lease quote : Your thoughts needed
Jun 12, 2008 (8:46 pm)
Please see below the quote we received in NEW JERSEY :
24 months for 528xi 10K miles , cold weather, premium , navigation , ipod adaptor , monaco blue with beige dakota leather and dark wood trim.
1. Sale price : 48178
2. Residual : 69%
3. Inceptions : 1st payment + bank fee + motor vehicle = 7149.
4. Taxes : 1345 approx
Monthly payment = $ 685.00
PLEASE LET US KNOW YOUR THOUGHTS. Is this a better deal ?
#1911 of 3946 Re: BMW 528xi 24 month lease quote : Your thoughts needed [bmwguy5]
Jun 13, 2008 (7:15 am)
I think you made a typo and the inceptions are $1749. doesn't look like a bad deal considering residuals went down alot since Feb. when I bought a similarly equipped 528xi (except I got the xenons as well) and my lease is for 12K/36 months. I am paying slighly less, but I got the $2500 dealer cash. My sale price BEFORE the trunk cash was $50300 so......
#1912 of 3946 Re: BMW 528xi 24 month lease quote : Your thoughts needed [x021627]
Jun 13, 2008 (8:47 am)
To get the lower money factor, we did MSDs..so the inceptions include that..hence the higher amt
We were hoping to push the dealer a little more for a better monthly payment, seeing that business seems to be slow...any ideas on where to squeeze a little more out of them...I dont think BMW is offering any incentives now
#1913 of 3946 Re: BMW 528xi 24 month lease quote : Your thoughts needed [bmwguy5]
Jun 13, 2008 (10:16 am)
The deal looks reasonable given the same comments on residuals. I got a 528i in Dec, $52k list.(paid around $48500 including $1000 rebate) .$1800 out the door, $600/month (including 7% sales tax).