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BMW 5-Series Lease Questions

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

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

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#2087 of 2595 Re: Is this a good deal? [cpazos] by jayrider Dec 20, 2008 (7:17 am)
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)
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)
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??? Replies to this message: dmwong (Dec 22, 2008 12:33 pm)
#2090 of 2595 Re: HELP!!! Did I get a good deal? [escalade24] by dmwong Dec 22, 2008 (12:33 pm)
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)
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. Replies to this message: x021627 (Dec 26, 2008 6:08 pm) fineman2 (Dec 26, 2008 7:14 pm) x021627 (Dec 27, 2008 1:21 pm)
#2092 of 2595 Re: 2008 535i lease [fineman2] by x021627 Dec 26, 2008 (6:08 pm)
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. Replies to this message: fineman2 (Dec 26, 2008 7:14 pm) x021627 (Dec 27, 2008 1:21 pm)
#2093 of 2595 Re: 2008 535i lease [x021627] by fineman2 Dec 26, 2008 (7:14 pm)
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. Replies to this message: x021627 (Dec 27, 2008 1:21 pm)
#2094 of 2595 by gardis Dec 26, 2008 (7:25 pm)
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. Replies to this message: fineman2 (Dec 26, 2008 8:10 pm)
#2095 of 2595 Re: [gardis] by fineman2 Dec 26, 2008 (8:10 pm)
Replying to: gardis (Dec 26, 2008 7:25 pm) $7950 includes 1st payment, upfront sales tax (which I plan to roll into monthly payment instead of paying upfront), acquisition fee, DMV fee and $4400 multiple security deposits which are refunded at the end of the lease. MSDs lower the money factor and in my case will reduce the monthly payment by $40. Thats a savings of $480 per year and $1440 in 3 years. That's more than 10% return on money.
#2096 of 2595 Re: 2008 535i lease [fineman2] by x021627 Dec 27, 2008 (1:21 pm)
Replying to: fineman2 (Dec 26, 2008 7:14 pm) You get your MSD's back if car is unfortunately totaled.

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