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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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#2320 of 2596
Re: 535i lease [Car_man] by bglickman
May 15, 2009 (11:03 am)
Reply

Replying to: Car_man (May 14, 2009 3:15 am)

Car Man, Do you know the current residual for a 2009 535 witk 10k mi./year?
#2321 of 2596
Re: 535i lease [bglickman] by dmason12
May 16, 2009 (3:32 am)
Reply

Replying to: bglickman (May 15, 2009 11:03 am)

Hi, With 10K miles per year on a 36 month lease, it is 61%. I just leased an '09 535i, blk/blk w/ MSRP of $60,575. Negotiated Cap Cost was $56,500. $2500 Customer Cash used as Cap Cost reduction. Drive off was $725 acquisition, $8.75 CA tire fee, $45 doc fee, 1st pmt plus tax and registration = $2200. Monthly pmt is $632.75 plus tax for 36 months w/ 10K miles per year. I could have gotten one that thay had sitting on their lot for a few hundred less, but they had to find this one for me because I wanted blk/blk, Sport and Nav. It also had the parking sensors which I also like.
 
As an added note, even if you drive 12K miles per year, I was told that it ends up being cheaper to buy miles from BMWFS before the end of your lease at .15 per miles than to lose residual value for a 12K vs a 10K lease.
#2322 of 2596
Re: 535i lease [dmason12] by bglickman
May 16, 2009 (5:28 am)
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Replying to: dmason12 (May 16, 2009 3:32 am)

Great response,thank you. Just the info I was looking for. Which dealer did you lease from?
#2323 of 2596
Re: 535i lease [bglickman] by dmason12
May 16, 2009 (10:00 am)
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Replying to: bglickman (May 16, 2009 5:28 am)

Glad to help. Sterling BMW, Newport Beach. Used the internet department. Dealt by phone and email without ever going, which I prefer. Another dealer, more inland, may be a bit cheaper / flexible, but we live close by and prefer to have a the added services you get when you are a loyal customer. This is our 3rd consecutive lease from them. Added info is that all BMW dealers will try and charge you two extra fees: MACO and something else, which I guess are legit from what I have read, but just tell them those need to be included in your base price and not tcaked on as actual charges on your lease. Start at invoice and go from there. Also they are authorized by BMWFS to "mark up" the acquisition fee from $725 to $925, so don't allow that.
#2324 of 2596
2009 528xi by jjrnj
May 16, 2009 (3:12 pm)
Reply
Wanted to share my experience here with you all since i have been monitoring it all the time. This was in freehold, nj
 
used the x3 pull ahead program (had 3 months left on lease) and was over miles by 6k and dented bumper
 
528xi Arctic Blue with beige leatherette interior
Cold weather pack
ipod adapter
bmw assist/bluetooth
 
Sticker $50,800, 36 month, 12k miles
 
Ended up paying $500/month with tax included with $3000 at signing. Around $1700 for the normal fees and first month and an additional $1300 for cap reduction. And they just took my X3 and didnt charge me for miles or the bumper. Thought it was a pretty decent deal for a sick car.
#2325 of 2596
Re: 2009 528xi [jjrnj] by jjrnj
May 17, 2009 (6:13 am)
Reply

Replying to: jjrnj (May 16, 2009 3:12 pm)

sorry meant monaco blue
#2326 of 2596
Re: 2009 528xi [jjrnj] by bmw530owner
May 17, 2009 (10:18 am)
Reply

Replying to: jjrnj (May 17, 2009 6:13 am)

Hello jjrnj,
Want to share my understanding.
Did you receive the security deposit for your X3 back from BMW? Dealership does not handle the cost for the dent and the over mileage. BMW will first deduct the cost from the security deposit, remaining balance will be billed to you from BMW.
#2327 of 2596
Re: end of lease tire replacement [stickyfeet] by bmw530owner
May 17, 2009 (10:29 am)
Reply

Replying to: stickyfeet (May 13, 2009 7:16 pm)

Make sure replacing the tires with run flat. BMW charges $250+ for each tire that is not run flat.
 
If you intend to keep the vehicle, run flat is also required for CPO. You are fine if you want to keep the vehicle w/o CPO.
 
It requires some negotiation before my dealership was willing to CPO my BMW w/o run flat.
#2328 of 2596
Re: 2009 528i - Options Premium Pkg, Xenon, Septronic [Car_man] by bmw530owner
May 17, 2009 (10:36 am)
Reply

Replying to: Car_man (May 15, 2009 1:37 am)

Thanks Carman,
 
Also wants to share my experience with everyone.
I end up buying out my BMW at the end of the lease.
Residual value 35K, buyout price 31K without CPO. ($1,800 addition for CPO)
Finance with www.penfed.com at 3.9% for 60 months.
 
My dealership detailed the car, performed oil change and all the safety checks.
#2329 of 2596
Re: 2009 528xi [bmw530owner] by jjrnj
May 17, 2009 (1:49 pm)
Reply

Replying to: bmw530owner (May 17, 2009 10:18 am)

forfeited my $500 security from my old x3. was told was in lieu of miles and damages. i was under the impression that the pull ahead involved the dealership and bmwfs agreeing on a buyout. that's what i read on bimmerfest. does that make sense?

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