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BMW 5-Series Lease Questions

2605 messages,  Last post on Dec 06, 2009 at 5:24 PM

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What is this discussion about? BMW 5 Series, Car Leasing, Sedan, Wagon

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#2051 of 2605 Re: [gardis] by jvost Nov 20, 2008 (9:04 pm)
Replying to: gardis (Nov 20, 2008 12:56 pm) You don't say what the capitalized cost is or if the payment includes sales tax, but if it doesn't include sales tax, it works out to about $3,000 off the MSRP, assuming the MF buy rate of .00175 and a 62% residual which are the rates for 36 mos., 10K. This is about $1K over invoice - not terrible for an '09, but not a killer deal either. Take out the $2500 down payment and the monthly payment is $594.65, just $30 less than the '08 535iX I describe above that costs nearly $8,000 more. If the $525 payment includes sales tax it's a better deal.
#2052 of 2605 Lease payment question 528i 2009 by youngdk1 Nov 22, 2008 (6:40 pm)
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?
#2053 of 2605 X5 2008 Lease HELP- $699 mo. 36/12k _DEMO by bmanpc Nov 23, 2008 (7:10 am)
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. Replies to this message: jvost (Nov 23, 2008 1:13 pm) bmanpc (Nov 24, 2008 4:33 am) jvost (Nov 24, 2008 2:39 pm)
#2054 of 2605 Re: X5 2008 Lease HELP- $699 mo. 36/12k _DEMO [bmanpc] by jvost Nov 23, 2008 (1:13 pm)
Replying to: bmanpc (Nov 23, 2008 7:10 am) Hi bmanpc - I haven't been in the market for an X5, so I really don't have a good handle on what kind of deals can be made. I personally shoot for 10-11% off the MSRPincluding dealer fees and the bank cost. In your case, your cost is really $50,500 ($49700+$625+225), which is a discount of $4775, or 8.6%. It does appear that you're buying the car for below invoice, though. Also, .00125 is the buy rate for the money factor, so they're not marking that up, which is really good. Finally, it's always difficult to analyze lease terms when people give you the payment inclusive of sales tax. These rates vary all over the country, so it's best if you can get the payment before sales tax. That said, I calculated the payment based on $55,325 MSRP, $49,700 cap cost, 36 mos., 12K, .00125 and 55% residual (the current rates) and came up with a payment of $635.47, so your tax rate there must be just about 10% - that would yield a total payment of $699.   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. Replies to this message: bmanpc (Nov 24, 2008 4:33 am) jvost (Nov 24, 2008 2:39 pm)
#2055 of 2605 Re: X5 2008 Lease HELP- $699 mo. 36/12k _DEMO [jvost] by bmanpc Nov 24, 2008 (4:33 am)
Replying to: jvost (Nov 23, 2008 1:13 pm) Thanks for the quick reply. I will make sure to get the payment without taxes. The tax rate here being 7.375%. 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... Replies to this message: jvost (Nov 24, 2008 2:39 pm)
#2056 of 2605 Re: X5 2008 Lease HELP- $699 mo. 36/12k _DEMO [bmanpc] by jvost Nov 24, 2008 (2:39 pm)
Replying to: bmanpc (Nov 24, 2008 4:33 am) The residual is 55% not 56%. $55,325 X 55% is $30,429, not $30,144 - not sure how the dealer is coming up with that. Dealers can mark up the MF but can't change the residual. If your tax rate is 7.375% I don't know how the dealer is getting to the $699 payment.   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.
#2057 of 2605 '09 528xi vehicle cost by jamby1 Nov 25, 2008 (7:12 am)
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. Replies to this message: jayrider (Nov 25, 2008 8:21 am) jamby1 (Nov 25, 2008 8:25 am) jayrider (Nov 25, 2008 2:54 pm)
#2058 of 2605 Re: '09 528xi vehicle cost [jamby1] by jayrider Nov 25, 2008 (8:21 am)
Replying to: jamby1 (Nov 25, 2008 7:12 am) Maybe $1500 over is the best those dealers will do---especially if you are face to face with a salesman who has assessed youas someone who really wants this car. That is why you need to restrict your shopping to internet / phone follow-up strategies. You can shop 1-200 miles from home. Half day drive or so -- have lunch at Denny's on your way to pick up the car. One thing that seems apparent in these posts is that the best deals take time, persistance, and hard work.The sales staff at bmw are a saavy group and tough to move --especially when they have you on their turf. Good luck. Replies to this message: jamby1 (Nov 25, 2008 8:25 am) jayrider (Nov 25, 2008 2:54 pm)
#2059 of 2605 Re: '09 528xi vehicle cost [jayrider] by jamby1 Nov 25, 2008 (8:25 am)
Replying to: jayrider (Nov 25, 2008 8:21 am) Thanks Jay... I'm in NJ. It's surprising that with 4 dealers within 20 miles of each other, there isn't more competitive pricing. Replies to this message: jayrider (Nov 25, 2008 2:54 pm)
#2060 of 2605 Re: '09 528xi vehicle cost [jamby1] by jayrider Nov 25, 2008 (2:54 pm)
Replying to: jamby1 (Nov 25, 2008 8:25 am) They are in collusion to hold prices higher --- they figure there are enough customers who want a bmw bad enough to deal on their terms. Maybe their right. If you expand your net wide enough you should find a better deal. It probably won't be easy but time is on your side. Have you looked for an 08? Might not be too many around but you never know. You can even check out low mile 08's --- could be a great deal there -- warranty is still good and reliability appears very good. If your looking at bmw then you probably don't have income or budget problems but if you do, you could wait. This next year should be real interesting.

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