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BMW 5-Series Lease Questions

2595 messages,  Last post on Nov 24, 2009 at 6:51 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#2085 of 2595
Is this a good deal? by cpazos
Dec 19, 2008 (9:07 pm)
Reply
Hi,
 
I am new to this forum, but have learned a lot from reading all the advise and entries. I am looking to lease my first BMW and hoping to get a great deal on a 2008 528i. I have recently requested a quote from a dealer and this is what I got:
 
2008 528i
Premium Pck
Sports Pck
Ipod
Xenon lights
Nav system
MSRP $53,275 - Includes $775 destination charge
Selling Price $48460
Edmunds True Market Value is $49672
Invoice $49505
 
as you can see the price they quoted me is below TMVand invoice, but since this is their first quote I assume I can get an even better price. If so, how much of a discount should I try to negotiate?
 
Look forward to your advice.
#2086 of 2595
528i Money Factor and Residual by sdsualums
Dec 19, 2008 (10:33 pm)
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I am looking for Money Factor and Residual for a 2008 528i 10k 36 months. I am a BMW returning lessee. I am looking for Dec, and Jan if it is known. Thanks in advance. (I am looking to pick up a car this weekend) Los Gatos CA
#2087 of 2595
Re: Is this a good deal? [cpazos] by jayrider
Dec 20, 2008 (7:17 am)
Reply

Replying to: cpazos (Dec 19, 2008 9:07 pm)

Email this deal to every bmw dealer within 2-300 miles from where you live and see if anyone does better. Problem of course is 08 supplies vary but nothing much to lose.
#2088 of 2595
Re: 08 528i lease rates november [Car_man] by sdsualums
Dec 22, 2008 (8:10 am)
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Replying to: Car_man (Nov 17, 2008 4:26 am)

Hi Car man,
I need this same info. for Dec.
Thanks in advance
#2089 of 2595
HELP!!! Did I get a good deal? by escalade24
Dec 22, 2008 (11:11 am)
Reply
So I just leased my first car and I was wondering if I got screwed or not. Here it goes:
 
2008 535i Factory DEMO with 3000 mi on it
MSRP: 59125.00
Cold Weather
Premium
Sport
Shift Paddles
Sunshades
Fold down rear seats
Park Distance
iPod
Dakota Leather
 
The deal ended up as 343.23 per month including taxes with 5500 down. It was a 36/10000 lease. So was this a good deal???
#2090 of 2595
Re: HELP!!! Did I get a good deal? [escalade24] by dmwong
Dec 22, 2008 (12:33 pm)
Reply

Replying to: escalade24 (Dec 22, 2008 11:11 am)

Just curious, what was the final sales price and what is the tax rate at where you live ?
#2091 of 2595
2008 535i lease by fineman2
Dec 26, 2008 (1:56 pm)
Reply
Hii,
 
I test drove a 2008 535i, executive demo with 1500 miles. This car has Premium Package, Cold Weather Package, Sport Package, Bamboo Anthracite Wood Trim, iPod Adapter, Xenon Headlights, Power Rear Sunshade, Satellite Radio Prep, PDC, black leather. The lease offer is -
 
36 months/10k
MF .00071 (with 7 muliple security deposits $4400)
$550 per month (plus tax)
$490 (DMV fees, NJ luxury tax)
$1075 (Bank fee plus Doc. fee)
$1455 (Total upfront Sales Tax or can be rolled over)
Total down $7950 (includes 1st month payment, MSDs, sales tax, DMV and bank fee).
 
Is this is good deal.
#2092 of 2595
Re: 2008 535i lease [fineman2] by x021627
Dec 26, 2008 (6:08 pm)
Reply

Replying to: fineman2 (Dec 26, 2008 1:56 pm)

you left out captialized cost that you are paying.That is needed to correctly figure the price of the lease. Also the MSRP is also needed. You don't mention those important two numbers. Also, don't pay sales tax upfront. If your car is totaled for some reason, you are out of that money.
#2093 of 2595
Re: 2008 535i lease [x021627] by fineman2
Dec 26, 2008 (7:14 pm)
Reply

Replying to: x021627 (Dec 26, 2008 6:08 pm)

The cap cost is $51750 and residual is 58% ($33845). The price listed on dealers website is $54995 (the actual MSRP for this configuration is approx. 58.5k). I have always bought my previous cars and this is my first experience negotiating a lease. Thanks for pointing out to roll sales tax into monthly payments. Also, what happens to MSDs if he car is totalled.
 
I am also visiting other dealers tomorrow to check the deals on leftover 08 535i (new) to compare.
 
Thanks.
#2094 of 2595
by gardis
Dec 26, 2008 (7:25 pm)
Reply
Let me understand this. Do you mean to tell me that with a lease, you put down $7950, and you don't OWN THE CAR at the end of the procedure??? Why would someone do that? Boy, there's some people out there with some serious money, is all I can say about that.

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