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BMW 5-Series Lease Questions

2607 messages,  Last post on Dec 08, 2009 at 4:21 PM

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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#1930 of 2607
Re: BMW 535xi Sports Wagon [gymdawg] by Car_man HOST
Jun 23, 2008 (1:10 am)
Reply

Replying to: gymdawg (Jun 16, 2008 9:42 am)

Here's the info that you're looking for, gymdawg. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 BMW 535xi Sports Wagon with 15,000 miles per year are .00200 and 55%, respectively. I am not personally all that familiar with what the market is like for this car right now, but in general the environment for new vehicle sales is as bad as it has been in a long time. Shoot for as close to dealer invoice as possible and see what happens. You may be able to get an idea of how much you will have to pay by visiting the "BMW 5-Series Prices Paid and Buying Experience" discussion.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1931 of 2607
Re: 528i Lease 36 months 15K Miles/YEar [mango39] by Car_man HOST
Jun 23, 2008 (1:15 am)
Reply

Replying to: mango39 (Jun 18, 2008 12:20 pm)

Hi mango39. Without even looking at this car's selling price, I can tell you that there are a couple of things that I personally would want changed with this deal. First of all, the dealer that you are working with is marking up BMW Financial Services' buy rate lease money factor. BMW FS' current buy rate for the '08 528i is only .00220. BMW dealers try to mark car's money factors up to add hidden profit to deals all the time, but now that you know that this car's buy rate is you should be able to find a dealer that will lease you one using it.
 
Also, I see that you are considering making a $5,000 down payment on this lease. I always advise consumers not to make large down payments when leasing. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be higher, you would be better off going with a zero down lease.
 
Make sure to stop by the "BMW 5-Series Prices Paid and Buying Experience" discussion to get an idea of what sort of selling price to shoot for on a lease of this car.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1932 of 2607
Good Lease Deal? 2008 528xi 39/15K by tjk1
Jun 27, 2008 (4:43 am)
Reply
Is this a good deal on this lease on 528xi?
  
Design/MSRP
      Description MSRP
   
   USD 46,800.00
  Monaco Blue Metallic
  Cream Beige Dakota Leather N/C
  Cold Weather Package 750.00
  Heater Rear Seats 350.00
   Options Premium Package 2,400.00
                 Universal Garage Door Opener N/C
                 Auto-dimming interior and exterior mirrors N/C
                Auto-dimming rearview mirror N/C
                 Ambient light package N/C
    STEPTRONIC automatic transmission N/C
    Lumbar support N/C
    Xenon headlights 800.00
    Navigation System 1,900.00
    Adaptive light control N/C
 
              Net Total 53,000.00
              Destination Charge 825.00
              Gas Guzzler Tax N/C
              Total Suggested Price 53,825.00
  
Sale Price : $50,585.00
  
Down: $2000K 15000K Miles for 39 Months
with 58% residual and 0.00200 MF
  
Lease $689.25, is this a good deal?
#1934 of 2607
Near 1000.00 for a 5 series Lease??! by mevander1
Jun 27, 2008 (10:25 pm)
Reply
Wow, it seems ,, just my opinion that anyone who pays 800-1000.00/month for a 5 series is on crack!
#1935 of 2607
528 deal in SoCal by hipo
Jun 30, 2008 (8:43 am)
Reply
I have used this forum for buying/leasing my last three cars and I would like to thank the people who share their knowledge and experience. I just leased a new 528 in SoCal and I would like to share my experience:
 
+ New (not demo) 2008 BMW 528 Space Gray / Black trim / Bamboo wood
+ Sport pkg.
+ Premium pkg.
+ Navigation
+ Xenon
+ iPod/USB adaptor
 
MSRP: 53275
Invoice: 49560
Sell price: 47560
 
MF: 0.0022 (I decided to put a security deposit because I usually don't abuse my cars. If you choose to waive it the lowest MF is 0.00235)
Residual: 70% (24 month lease w/10K miles per year)
 
Monthly payment: 614.5 + tax = 662.1
 
Drive off: 625 (bank fee) + 1 st month + 455 (DMV/doc) + 700 (security deposit) = ~$2500
 
I was able to negotiate a good deal because BMW does give back ~$2050 to dealers (on 5-series) and we are getting closer to the end of the month/quarter.
#1936 of 2607
Re: My quote for 535i lease [crmgr] by ltcadviser
Jul 02, 2008 (6:21 pm)
Reply

Replying to: crmgr (Jun 19, 2008 11:00 am)

Sounds a little high. Ordered my first BMW after coming off of an Audi A6 lease. It's a Black Sapphire 535XI with the following equipment:
  
Cold Weather Pkg
Premium Pkg
Auto
Comfort Access
Navigation
Satellite with one year subscription
  
Retail was $59,270.00. Selling Price $54,793.00. Adjusted cap cost with sales tax $56,663.00. Out of pocket totaled $2,144.00 which included first payment, security deposit, bank fee and doc fee. Total payment came out to $819.34 per month for 39 months at 15K miles per year. Went 39 months because it saved me about $40.00 per month over a 36 month lease.
  
Now I just have to wait the 6-8 weeks for delivery.

 
Yours sounds a little high to me. Your cap cost should have been $52,500.
#1937 of 2607
Re: 528 deal in SoCal [hipo] by Car_man HOST
Jul 03, 2008 (3:03 am)
Reply

Replying to: hipo (Jun 30, 2008 8:43 am)

Wow, I'm glad that you've found this forum so helpful, hipo. Thanks for taking the time to share the details of your lease with everyone. Real world examples like this are always useful for people who are in the market for similar vehicles. Make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your sweet new ride and have a great 4th of July .
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1938 of 2607
Re: My quote for 535i lease [ltcadviser] by crmgr
Jul 03, 2008 (11:14 am)
Reply

Replying to: ltcadviser (Jul 02, 2008 6:21 pm)

Black Book Invoice for this car was $52,540.00. That took into account $825.00 destination and Premium Pkg credit of $1,910.00. Also threw in sales tax and the acquisition fee to come up with the adjusted. Figure he made about $2,000.00 profit, but he's giving me an additional $500.00 credit on delivery, since I have to pay a disposition fee when I turn back the Audi.
 
Did he make too much on the deal? Probably, but he's 5 miles from my home and just off the freeway to work. Going to another dealer means I would have probably lost the free loaner when I took the car into him for service plus I believe in always trying to tie in the sales and service with the same dealer. Found it can get me special consideration on problems during the course of the lease. Everything is a trade-off. Figure I'll also have a little more leverage on the next lease I should go again with BMW.
#1939 of 2607
2008 528xi Lease - Is this a good deal? by jstraw1
Jul 06, 2008 (10:34 am)
Reply
528xi with metallic paint, premium package, cold weather, automatic and iPod connection.
 
Sale Price for car $46,130 (Invoice is $50,725).
Sale Price (with sales tax rolled in) $48,732.61
3 yr lease with 15k per year.
No Security Deposit
No Money Down (except first payment and title transfer fees)
Money Factor 0.00180
Residual 55%
Monthly Payment $731.60
 
Please let me know your thoughts.

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