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BMW 5-Series Lease Questions

2596 messages,  Last post on Dec 01, 2009 at 12:45 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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#2158 of 2596 purchase of 06 530xi wagon off lease end of this month by yatze Feb 02, 2009 (6:57 am)
Checking in for latest auction prices and any other advice you might have re purchasing my leased '06 BMW530xi wagon. Lease is up first week in March. Car currently has 20,700 miles      BMW Financial called and offered $6000 off the residual which brings it down to 29K and 2.9% financing. This matches the price for the CPO at the local dealer except the dealer has .9% financing.       I think I can do better with your help. Dealer tried forcing the deal because he didn't know how long .9% financing would be available, but I told him I would wait.     Thanks for all your help and everyone else who responded.
#2159 of 2596 Re: 528 I lease. [Car_man] by regissa1 Feb 02, 2009 (11:52 am)
Replying to: Car_man (Jan 30, 2009 2:55 am) Thanks Carman for the info. I leased the 09 528I a week ago. Premium pack. Xenon light/Satellite Radio/ipod adapter. I wilkl be billed for one month of my old lease that was due the next day and BMW issued a ck for the 3 remaining months. I then paid $2500.00 down and $640.00 tax included. Replies to this message: Car_man (Feb 23, 2009 2:59 am)
#2160 of 2596 BMW 528 by Jenn Feb 02, 2009 (3:56 pm)
Does anyone know if BMW will extend the $2500 rebate on the 5 series? I'm trying to decide if I lease a new 528 now or wait until my lease is up on 3/11.   I can get .00175 MF, $500 over invoice. Is this a good deal?   Thanks for any help! Jen Replies to this message: rocky725 (Feb 02, 2009 4:10 pm) Jenn (Feb 03, 2009 10:48 am) rocky725 (Feb 03, 2009 11:27 am) traindriver (Feb 03, 2009 8:49 pm)
#2161 of 2596 Re: BMW 528 [Jenn] by rocky725 Feb 02, 2009 (4:10 pm)
Replying to: Jenn (Feb 02, 2009 3:56 pm) You should be able to get the car below invoice with the $2,500 rebate from BMW. Replies to this message: Jenn (Feb 03, 2009 10:48 am) rocky725 (Feb 03, 2009 11:27 am) traindriver (Feb 03, 2009 8:49 pm)
#2162 of 2596 Re: yatze re bmw [yatze] by jayrider Feb 02, 2009 (6:50 pm)
Replying to: yatze (Feb 02, 2009 6:51 am) sorry--- lost my resource for auction prices. I doubt it would help much -- best you might do is check prices on ebay and cars.com to see sale prices. With cpo and low financing the dealer won't be moving much without a lot of effort on your part. Offer a few grand less and be prepared to walk and lose the car. If you really really want it than go for it. You can buy a brand new saab 9-3 08 for about 25k if you need a euro sedan but its not a bmw --- it is nice though and full warranty. Sorry -- good luck. Replies to this message: yatze (Feb 03, 2009 6:59 am)
#2163 of 2596 Re: yatze re bmw [jayrider] by yatze Feb 03, 2009 (6:59 am)
Replying to: jayrider (Feb 02, 2009 6:50 pm) Bummer. Can anyone else help me with auction prices? Once they saw that I knew that they dropped the price immediately. That was my strongest argument for lowering the price. We are down to 28K CPO
#2164 of 2596 Re: buying a lease vehicle [kyfdx] by yatze Feb 03, 2009 (7:23 am)
Replying to: kyfdx (Oct 06, 2007 9:57 am) Can someone get me current auction prices for BMW 06 530xi wagon , 20,600 miles   Last month auction block price for this car was about $26k.   I am interested in purchasing my car at end of lease and dealer seems willing to negotiate. But I need that auction price.   Thanks.
#2165 of 2596 by gardis Feb 03, 2009 (7:29 am)
yatze- my dealer in Darien, CT had a 2006 530I wagon, they were asking $34,900 and sold it. Take it from me -- just like jayrider told you, play hardball too much, and you will lose the car. Someone is out there ready to buy. I've already lost two cars that way. I'm kicking myself. Everyone has to make money, you have to be happy, but the dealer has to be allowed to make money too. That's how the game is played. If you know the vehicle is a good one, you'd be foolish to walk away from it, and start all over, espec. with another CPO. My two cents. Replies to this message: yatze (Feb 03, 2009 8:05 am) jayrider (Feb 03, 2009 8:59 am) yatze (Feb 03, 2009 9:13 am)
#2166 of 2596 Re: [gardis] by yatze Feb 03, 2009 (8:05 am)
Replying to: gardis (Feb 03, 2009 7:29 am) Thanks for the advice. Duly noted. Have to say that BMW Financial already dropped $6000 of the residual which brought it down to 29k and so I think I can do better at the dealer. You are correct, there are always folks who can pay. But I have 2 other cars old but serviceable, so if they won't deal, it's no loss. Replies to this message: jayrider (Feb 03, 2009 8:59 am) yatze (Feb 03, 2009 9:13 am)
#2167 of 2596 Re: [yatze] by jayrider Feb 03, 2009 (8:59 am)
Replying to: yatze (Feb 03, 2009 8:05 am) checked out cpo prices for your car and best price with 20k miles was 29900. If you have 28k offer than that isn't bad. 25-30k is an affordable price range for used bmw shoppers so they will sell it within a few months. Bargain hard from 25k until close to lease end and see where it brings you. Auction prices for an above average wagon can't be much less than 21-23k without cpo. Add dealer profit and cpo and even 28 doesn't seem bad but who knows in this market. There are a number of nice new vehicles available for 30k foreign/domestic. I just can't see spending almost 30k on any used car. Too many choices new. But to each his own -- good luck. Replies to this message: yatze (Feb 03, 2009 9:13 am)

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