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Prices Paid: Buying & Leasing Experiences BMW 5-Series Lease Questions
2574 messages, Last post on Nov 09, 2009 at 7:06 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: croni003 (Dec 28, 2008 10:05 am)
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Replying to: jayrider (Dec 30, 2008 3:58 pm) 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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Replying to: kyfdx (Oct 06, 2007 9:57 am) 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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Replying to: yatze (Jan 03, 2009 6:17 am)
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Replying to: jayrider (Jan 03, 2009 7:45 am) 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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Replying to: yatze (Jan 03, 2009 9:12 am) |
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You didn't mention the first 2 payments are made by bmw -- on website. Also you need to check what's not covered by cpo. A big one is brakes- so make sure you know what's left when you buy.
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Replying to: jayrider (Jan 03, 2009 10:14 am) Dealer suggested bringing in car for "pre -pre- inspection in early February while still under lease to see what needs to be done, if anything so I won't have to pay for it. He gave me the papers for what is covered CPO -- will re-examine then again. Also said I could get a "maintenance" contract for an additional 1895. Not sure I want to do that. I will take advantage of your offer to contact you end of February for latest auction #s. In the meantime, have looked for 06 wagons on the internet and $29k is the low end CPO, except for a car down in Miami for 27,595 but that car has 40K miles. NYC BMW has almost my identical car, close mileage for $28,900 so no much difference. Others are in the 30's. I will contact you in February before I go back to the dealer. My lease in up March 6. Thanks for all your help.
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Replying to: yatze (Jan 03, 2009 10:52 am)
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Replying to: jayrider (Jan 03, 2009 11:27 am)
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