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Prices Paid: Buying & Leasing Experiences BMW 5-Series Lease Questions
2604 messages, Last post on Dec 04, 2009 at 7:18 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: jvost (Nov 19, 2008 2:23 pm) |
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Guys, here's a deal I just heard of at a dealer in Westcheseter County, NY: Stk#91141 VIN#C153134 2009 528i xDrive Sedan Jet Black/Black Leatherette. Auto, Power Seats, Heated Seats, iPod/USB adapter, BMW assist w/ Bluetooth, Sunroof. MSRP$49,425. $2,500 down pymt+$725 bank fee+$550 sec. dep.+$525 1st payment = $4,300 due at signing + T/T/L. Ttl pymt/Res. $18,900/30,085.50 36 months/10,000 miles per year. .20 cent over mileage subject to credit aproval and vehicle availability How does this compare? I'm not leasing, I'm going to buy a CPO, but I thought you'd lilke this as a point of comparison. Good luck.
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Replying to: gardis (Nov 20, 2008 12:56 pm) |
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| Just got quoted for a lease for a 528i 2009 BMW for $600 per month (36 months 10,000 miles) with zero down, with a $2,600 "inception fee" which includes the first month payment and the last payment on my X5 lease assumed by the BMW dealer which is $608. Does anyone think this is a good deal? I don't know much about the Money Factor process but the invoice is $47,000+. Also, I've been leasing from BMW for 6 years. Does anyone know about loyalty discounts or any such offers? | |
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jayrider sent me here for assitance, specifically jvost... Please help me on a 2008 X5 3.0 lease in upstate NY. It is a holdover DEMO with 2,500 miles. MSRP $55,325, Selling price $49,700 Lease: 36 mo./12k miles Includes: Premium Pkg, Cold Weather Pkg, 3rd Row, Rear Climate, Rear DVD & Park Distance Residual is (56%)? & Money X = .00125 (3%) Monthly payment $699.66; included taxes and zero $ down payment Question 1: is this a good deal or could they come down? they wouldn't budge when I asked for accessories or lower payment. should i just take it at $699 or what is the REAL monthly # I can get this down to? dealer said "No X5 goes below $700 with zero down". Any truth to this? $2,405 due at signing (inception fees) $699.66 1st month $625 bank fee $225 office fee $155 plates $700 security deposit Question 2: can i negotiate any of the fees (bank & office)? Since the car is a demo I lose my BMW CCA loyalty rebate, and the dealer will still not budge. Dealer in NY said if I don't pull the trigger by Tuesday, he will not honor the offer and has other buyers wanting the car. Questiion 3: What can I get him to throw in or work with me on? Possible tire waranty since they are run flats? Please help me, I need to decide in next 48 hours.
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Replying to: bmanpc (Nov 23, 2008 7:10 am) I think this is a decent deal and would be a really good one if you could get them to come down another $500 - $1000 dollars, which would reduce your payment to $683 or $667, respectively. But hey, if you like the car, what's another $16 - $32/Mo! Last thought - If you give them 7 more refundable security deposits ($4900), your MF would drop to .00076 (1.82%), your payment would drop to $655.38, so you'd effectively be getting a 10.8% return on your deposit! Best of luck.
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Replying to: jvost (Nov 23, 2008 1:13 pm) When I deduct the residual value from the MSRP, something does not compute. $55,325 x 56% =$30,982. This is correct. However, the dealer is telling me the residual is $30,144. Does this mean he is trying to make money on the $898 difference? By his calculation its 54.4%. Are you also saying if I put money down, I might be able to change the MF from 3% down to 1.82%. I think the MF was set by BMWFS? Really appreciate your advice...
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Replying to: bmanpc (Nov 24, 2008 4:33 am) Go to this website to download an xcel spreadsheet that you can use to calculate the lease. If necessary, show the spreadsheet to your dealer and input the numbers together, so you understand what's going on: http://www.ridewithg.com/ The way you reduce the MF is not by "putting money down", but by posting additional, refundable security deposits. BMWFS lowers your MF by .00007 for each additional security deposit you post. |
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What is a fair number for the vehicle cost when presenting a counter offer to a dealer on a 528xi lease? All my local dealers want $1500 over invoice on an '09 528xi. I really thought with things being so slow they would be more competitive on pricing. I have walked from two dealerships offering $500 over invoice after being nearly laughed at.
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Replying to: jamby1 (Nov 25, 2008 7:12 am)
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