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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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#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.
#2097 of 2595 2006 530i Lease question by croni003 Dec 28, 2008 (7:55 am)
Greetings. I'm looking for some feedback regarding a lease opportunity I have. Comments are greatly appreciated as I am new to the lease world.   2006 530i w/ 20k (employee lease return) Sport/premium/heated seats - great condition with 2 years left on warranty   price 26500 residual 16960 (64%) MF = .00315 cap reduction $1000 all fees 1000 payment $569 2 year/10k per year term   This is through a friend of a friend at our local BMW dealer.   Thanks for your input   JC Replies to this message: craigm1841 (Dec 28, 2008 8:26 am) croni003 (Dec 28, 2008 10:05 am) jayrider (Dec 30, 2008 3:58 pm) and 1 more...
#2098 of 2595 Re: 2006 530i Lease question [croni003] by craigm1841 Dec 28, 2008 (8:26 am)
Replying to: croni003 (Dec 28, 2008 7:55 am) I just did my first lease on an "employee return", which i now know BMW calls "MSO", a factory employee from Spartainburg, SC or a BMW executive drives it and returns it with less than 15K miles. Usually it has to be leased after a return within the model year. I just got mine 2 weeks ago. If I am reading your post correctly, your initial payment will be 2569? is the 569/mo before taxes? I just leased an '08 535i premium/sport (htd seats, xenons, blue tooth, parking sensors) "employee return" for 12K/yr for 36 mos. I put $2500 down and I pay $599 a month. Plus the car was CPOed by BMW USA so it is worth more to me in the end if I chose to keep the car. I would keep look around a little more. there is a BIG difference between an '06 530 and an '08 535 (3.0 twin turbo) in terms of performance. I posted a question like this about a month ago on this website and never got a response or feedback. After extensive research I have learned a lot and I hope I can pass on some of the information I have learned. Replies to this message: croni003 (Dec 28, 2008 10:05 am) jayrider (Dec 30, 2008 3:58 pm) croni003 (Jan 02, 2009 8:33 am)
#2099 of 2595 Re: 2006 530i Lease question [craigm1841] by croni003 Dec 28, 2008 (10:05 am)
Replying to: craigm1841 (Dec 28, 2008 8:26 am) Thanks for the info on your lease. I feel like my lease offer is not the best but might be a better purchase if I could get it CPO'd.   My total monthly payment with taxes would be 569 and my initial out of pocket would be 1431.   Now for a total newbie question: the residual value I am quoted - will that be the price I have to pay at the end of the lease if I want to purchase? Is there a chance they would push that higher? They did mention that depending on BMW's assessment, the number could be lower but no higher.   Thanks again for helping out Replies to this message: jayrider (Dec 30, 2008 3:58 pm) croni003 (Jan 02, 2009 8:33 am)
#2100 of 2595 528i Lease Question by sdsualums Dec 30, 2008 (8:17 am)
What are the money factors and residuals for December? 10k 36 month. 3rd post and I can't seem to get an answer on this. Please help. Thanks in advance.

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