- #2098 of 2595
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Re: 2006 530i Lease question [croni003]
by craigm1841
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Dec 28, 2008 (8:26 am)
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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.
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- #2099 of 2595
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Re: 2006 530i Lease question [craigm1841]
by croni003
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Dec 28, 2008 (10:05 am)
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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
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- #2100 of 2595
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528i Lease Question
by sdsualums
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Dec 30, 2008 (8:17 am)
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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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- #2101 of 2595
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good deal?/newbie
by abuck
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Dec 30, 2008 (1:11 pm)
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I am leasing for the first time and got an offer on a 528i base with ipod added for $562 a month for 36 mos., 12k mi a year. $965 drive off. Can get xenon for a bit more (thought they were standard). Is this a good deal (supposedly expires tomorrow night)? and what other questions should I be asking before I jump in?
thanks.
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- #2102 of 2595
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Re: 2006 530i Lease question [croni003]
by jayrider
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Dec 30, 2008 (3:58 pm)
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Replying to: croni003 (Dec 28, 2008 10:05 am)
At the end of the lease you just walk away with no obligation to buy. If you want to buy then market conditions dictate the selling price which for you has a ceiling outlined in your lease. You could offer less or they may offer less. Put a sign on your window to let others know you are turning in your car. A bunch may follow you to the dealer to line up for your bmw. Then the dealer can sell it to them at a higher price if you decline the honor. What a nice gesture on your part that would be.
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- #2103 of 2595
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Re: 2006 530i Lease question [jayrider]
by croni003
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Jan 02, 2009 (8:33 am)
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Replying to: jayrider (Dec 30, 2008 3:58 pm)
Well, I ran the numbers every which way but loose and decided to lease this used 2007 530i for two years.
2007 530i w/ sport, premium, cold, tint, chrome wheels at 20k miles
Selling price 26,500
residual 16,950
MF 0.00315
24 month term
drive off $1000
monthly $569 (with taxes)
In the end, it would have been close to a wash for a purchase and like the last poster mentioned, I can see at the end of 2 years how I like the car and what will they sell it to me for....
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- #2104 of 2595
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Re: buying a lease vehicle [kyfdx]
by yatze
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Jan 03, 2009 (6:17 am)
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Replying to: kyfdx (Oct 06, 2007 9:57 am)
Thanks for all the sound advice I've received on this forum. It really works.
So, I have found a dealer who will sell me my leased 2006 BMW 530xi wagon with 20K miles as a certified pre-owned for 29K.
What do you think? What questions should I ask? I plan to finance it through BMW financial as I did the lease.
Thanks for your help. The car comes off lease beginning of March.
I live in northern NJ.
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- #2105 of 2595
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Re: buying a lease vehicle [yatze]
by jayrider
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Jan 03, 2009 (7:45 am)
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Replying to: yatze (Jan 03, 2009 6:17 am)
Sounds like a good starting point. There are lots of 06's coming off lease so there should be room for a better price. If your driving patterns remain the same, in three years you will only have 40k on the car. Low miles for a 6 year bmw and certainly an attractive used car. Do some research on asking prices nationally and see if the deal is decent. Ask what the price is without the CPO. If you have had good luck with the car so far, and maintained it well there is no reason to believe a major problem will occur in the next 20k miles. Put the difference in the bank and live on the edge a bit. BMW is betting you won't use the warranty and they should know.
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- #2106 of 2595
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Re: buying a lease vehicle [jayrider]
by yatze
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Jan 03, 2009 (9:12 am)
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Replying to: jayrider (Jan 03, 2009 7:45 am)
Thanks for your prompt response.
Dealer said 26K without CPO, but finance rate goes up to 1.9 instead of 0.9. I have to finance it unfortunately.
I have taken good care of this car.
I will probably start to put on more miles because if I buy this I will sell the "backup" car I have and stick with just the one car.
I don't mind living on the edge, but I know that this car is EXPENSIVE to maintain and fix.
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- #2107 of 2595
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Re: buying a lease vehicle [yatze]
by jayrider
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Jan 03, 2009 (9:49 am)
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Replying to: yatze (Jan 03, 2009 9:12 am)
The deal seems decent but the auto world will be different at the end of feb. Auction prices will change values as the economy tanks. Make no mistake -- things will get worse before they get better. What was the buyout number on your lease at it's inception? I guess I figured that someone with a moniker yatze would be prone to roll the dice. I would be willing to bet that your repairs for the next three years will never come close to 3k. And that would be just to break even. You should really look at 6k in repairs as the benchmark. But peace of mind is worth something too -- I get mine from chemistry. Get back to me at the end of Feb. and I'll see if I can get the current auction prices for you.
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