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Prices Paid: Buying & Leasing Experiences BMW 5-Series Lease Questions
2596 messages, Last post on Dec 01, 2009 at 12:45 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: jayrider (Nov 25, 2008 8:21 am)
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Replying to: jamby1 (Nov 25, 2008 8:25 am) |
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Jayrider, very good advice. That's what I've been doing. I'm looking now for a good 3 months for a nice 530i deal. I had a good conversation with a salesman at a BMW dealer in CT here about a nice 2007 530xi I have my eyes on. It's got 18K miles, and they're asking $39K for it (premium package, sports package). He told me the car had one owner, went into service APRIL 2008!! The owner bought it in New London (BMW dealer), lives in New Haven, traded it in for a 7 Series! He practically read me the service record for the vehicle. It has no issues, except a power window issue which they fixed. The warranty covers the vehicle until April 2014 and the 50K mile warranty goes until 2012. I'm going to see the vehicle over the weekend. The guy was totally transparent and answered every question I had. No pressure whatsoever. The first owner turned the car in at 16K miles, and then a BMW rep had the car for the next 2K miles. The salesman told me I could speak to that BMW rep about how the car handled anytime I want. I'd love to get that car for about $36K, do you think I have a chance. I don't want to insult them either, but I'm not paying sticker price, or I'll walk. I only spoke on the phone, emailed him also. If I go look I don't speak to anyone, I just scope out the car, and that's it. I don't let them get me inside or it's all over. Meanwhile, at the other dealer in Westchester county, NY, where I saw another 530xi 2007 last week, but wasn't that crazy about it, the sales woman called me about another vehicle they just got in, going through certification, and "maybe you should put down a deposit because they're a lot of sales reps here, the car might go...." But I wouldn't hear of it without seeing the car. She thinks I will like the car. Actually I saw the car listed on the BMWUSA website, it wasn't even out on the lot yet. That' s a pretty good way to track down vehicles by the way. You can search by your zip code, 10 miles, 50 miles, whatever you choose. I don't know what I'm going to do, but I'm thinking it over carefully. I figure the car is almost new, let's face it, and the warranty goes for another 5 years. I pretty much decided to pass on the 2008 535i I saw and went nuts over, because that's just too over-powered for me.........then I think hey, the market lost 500 pts the other day, but you know what...there are a lot of people not around anymore and I think of them, and I say to myself, hey, you only live ONCE....... Any thoughts?
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Replying to: gardis (Nov 25, 2008 6:16 pm) |
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$3000 down $499/ month 12K 08 535i Premium, sport, navigation, metallic paint Is this a good deal? Also, a newbie question, is it worth to spend $100 more per month for 535i over 528i Thanks for the help. |
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I will soon take delivery of an 09 535xi and will be leasing. In looking back at my past lease documents with BMW financial services item #13 is "Itemization of gross capitalized cost" followed by items a-j. Item a. through i. is make sense, for example a. is: Agreed upon value of vehicle. Item 13. J. is however, "Other." I note that I paid $825 for "other" when I did my last lease. I have notes that say this charge was a "lease fee." Did I get hosed? I think I did. Is there a standard BMW lease fee? If there was, why wouldn't BMWFS have a line for it on this document? Fool me once, shame on you... Thanks.
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Replying to: delwrang (Nov 29, 2008 8:14 am) Have you struck a lease deal yet? I'd be interested in knowing what price you were able to negotiate in relation to invoice, and what money factor they are offering. I'm trying to do a deal now on a 535 and I'm hearing money factors of .00215 from a couple of dealers. I thought I was seeing .00175 out there as the rate I should be able to get.
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Replying to: delwrang (Nov 29, 2008 8:14 am) At the time you leased, the base fee was $625, with dealers permitted to mark up the fee by $200 (which most of them do). As of this October, the base fee is now $725, with dealers permitted to charge up to $925. regards, kyfdx |
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Thanks Jayrider. I think you're a little on the low end, but I hope you're right. I'm looking at another 2007 530i, from BMW dealer in Westchester County, NY, they just emailed me one came in with 25K miles they're certifying it now, has all the packages, White/Beige, here's exactly what her email said: ""Regarding the price, it is $ 37990. The price is negotiable. I would like for you to see the car and let me know how much you think is worth. When can you stop by?"" Are you ready for that one? Then, I'm looking at a beauty, absolute pristine 2007 White/beige 530xi in upstate CT, asking price $39,900, has 18K miles on it. Guy bought the car new in Apr 08, the warranty runs until April 2014!! Traded the vehicle in for a 7 series. Salesman was totally transparent, discussed everything I wanted to know. Has premium and sports pkgs, no cold weather (luxury vehicle with out heated seats? seems odd to have chintzed on that.) I told him already about the Westchester pricing, he didn't buck me. I'm not paying anywhere near the $39,900 for that car, much as I'm drooling over it. The 2008 535i in another dealer is STILL sitting in the lot, almost two months later! They came down from $42,995 to $39,995 "internet special" price. The car is still sitting there, has 28K miles on it. I've ruled that one out, as it has too much power for me, I don't need turbos or want them. Too technical. Also, I insist on that black trim around the windows, and only the Sports Package provides that. Most of the 528i have chrome. Any thoughts? Gardis in CT
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Replying to: gardis (Nov 29, 2008 1:06 pm) I have some thoughts on the cars but I guess I would like to know if you are absolutely comfortable spending almost 40k on a used beemer. If you evaluated every similar vehicle available in the market and feel this is the brand that will meet your needs, then go for it. I still think you will be able to do much better given two factors. One--- you have the patience to wait for the luxury used car market to continue to sink. The lots are full --- there are so many late model high priced low mileage cars at the dealers around here that something has to give. The depreciation factors these dealers used which determine residual value and prompted them to buy at the auctions 6 months to 3 years ago could not forsee the glut of cars choking the dealerships since few are buying. They are leasing additiona space in LA to house the stream of unwanted inventory. Two -- you have to have the cash/financing/credit rating to hit the showrooms with a swagger. You won't need the ruby pinky ring -- leave it on the dresser, but if you are comfortable with this level of purchase, you represent the shining light of most showrooms. You really are in control. Let me know where you stand on these and I can offer an opinion. PS...... you can always get a set of electic undies at the motorcycle shop-- they plug into the cigar lighter. |
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