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Prices Paid: Buying & Leasing Experiences BMW 5-Series Lease Questions
2605 messages, Last post on Dec 06, 2009 at 5:24 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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My wonderful 3 year drive of a '06 530xi is coming to and en 8/27/08 unless I purchase it. I will have about 70,000 miles by then. I know, I know. Don't lease if you are going to put on these types of miles. Done and over. Now the question is should I buy or turn it in. The car is in pristine condition having been driven primarily hwy miles. Navigation, Cold Weather, Premium Pkg, Satellite. Finest auto I have ever owned. A light re-paint of some bumper scratches and a prep and it would look new in and out. Residual value is $32,019. They offered to sell it to me at $29,103, no down, 5.9% for 24-60 mos. my choice. We now have this down to $25,069 at 3.9%. tax and title extra. They want to keep my $900 security deposit on file from the lease. There is a real difference between the estimated market value of this car on Kelley and Edmunds. Kelly has it lower (est.$20,000) and Edmunds higher (est. $28,000). I would like to drive this car another two year and then get the anticipated 535xi diesel. Is $25,000 the right price for this car? Am I crazy to keep it? Should I just lease a 2009 535xi? Thanks for your thoughts. BCEagle1
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Replying to: bceagle1 (Aug 03, 2008 7:18 am) That said, I wouldn't buy....I'd go for the 2009 lease.
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Replying to: 1003008gl (Jul 31, 2008 6:45 pm) Try to get at least 2 or 3 offers first. You sould negociate from MSRP of $50,925 down to at least $47,000 or lower first base on TMV. The lease money factor rate which determine your monthly payment will depend on your credit score. Yes, NORMALLY you can get a better deal at the end of the month. |
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Model: 528I - Executive demo (10K miles) Color: Bronze Year: 2008 Options included: Premium Package, Sports Package, power rear sunshade, fold down seats, heated front seats, park distance, xenon headlights. MSRP (new): $53,225 Price: $43,203 Money factor: .00195 Taxes, bank fees etc: $2,838 Cash Down: zero Residual: $35,092 (70%) Monthly Payment $490 This is my first time leasing. Is this a good deal? Thanks
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Replying to: koy1 (Aug 05, 2008 6:34 pm)
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Replying to: SergeyM (Aug 06, 2008 6:52 am)
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Replying to: koy1 (Aug 06, 2008 8:24 am) Taxes, bank fees etc: $2,838? W/out taxes for the numbers you posted the monthly payment should've been $405. I would suggest you checking a brand new car with the same options to see how much you saving on getting this demo. |
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Replying to: carnaught (Aug 03, 2008 8:10 am)
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Replying to: bceagle1 (Aug 11, 2008 1:55 pm)
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dear car man: What do think about this deal: 528xi manual 2008 prem, cold, xenon, ipod...selling price 46K+ 36 months...18k mile per year...$699 w/ nj taxes...Total of $2000 at inception Thoughts ? Thanks
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