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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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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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The following posted on ebay:07's 530 xi prem/cold/sport 26k mi 30250 530i prem/roof/cold 6485 mi 33800 525xi loaded white 27800 mi 28900 530xi nav/prem/cold 22k mi asking 32900 Lots more and guess what --- nobody's buying at those prices. And nobody's going to be buying for months at those prices. Supply and demand -- too many cars and no buyers --- gee,I wonder what's going to happen? If you can buy in this market and you are patient then you can do much better than what you've offered. Go visit the dealer on new years eve and take along a down payment. You never know what might happen. |
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Replying to: novass66 (Nov 29, 2008 8:27 am) thank you kyfdx--you probably saved me $200. As far as my deal, it is about $1600 over the invoice price you would get by using this site--this is also about $1000 over what the dealer considers their price to get the car off the lot as they get hit for advertising ($365), a training fee ($180) and they pretend to add some prep charges. Specifics: 535xi, cold, premium, sport, comfort access, fold down rear seats, nav, HD, Satellite, Logic& sound, iPod. With destination, MACO and training it totals $64095 and my price is $60705. Maybe coulda done a bit better but with 103K miles on my 2002 X5 that doesn't like to get going on the cold mornings, I am just looking forward to having a nice new ride with all the stuff I want and none of what I don't. And kyfdx just saved me the other $200 that I could have gotten. I hope that helps. Del |
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I priced a 535 lease today and I am trying to do some research to see if it is as good as i can do. $2500 down, $600 a month for 36 mos. It is a 2008 demo with 8K miles on it. It has the sport package and the premium package. htd seats, sunshades, a few other options, nothing big. no navi. Leasing as new, previously titled by bmw. MF .00125 Redidual .57 Window sticker on the car is 59K, they are selling it for 46K. any input would be greatly appreciated. I dont know much about leasing. thank you! |
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Jayrider, Interesting. But those ebay cars are not CPO are they? Those are privately for sale I imagine. So the dealer is going to say, no comparison. But I agree with you. I've been avoiding going to the dealer, though they've been calling me. I sent a email to them that two other dealers with identical models (530i, 2007) were in the mid to low $30ks. Let's see what happens. Problem is I don't have the guts to go to the dealer and sit there , and then walk out. I'm afraid I'll pull the trigger and pay too much. Gardis |
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I am new to BMW car. My local dealer has similar lease on both 08 528i and 335i, with 335i equipped more with Nav. and Xenon headlight. No sport package for both cars. Please help me with some advises if I should go for the 335 engine or the 5 series space? Thanks in advance.
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