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Prices Paid: Buying & Leasing Experiences 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
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Replying to: Car_man (Apr 22, 2009 1:40 am) Can you tell me what the money factor is for a 2010 550i euro delivery? I am looking at a 36 month lease with 15K miles per year. The salesperson is telling me that BMW finance dictates a higher euro delivery money factor than the 0.00175. Is that true? Is this negotiable? Also, what is the lowest euro delivery money factor for a 2010 M5, with the same lease terms? thanks for your help, kt
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Replying to: jjrnj (May 17, 2009 1:49 pm)
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Hi - this was the quote I received on an 2009 535ix that has 3,600 miles on it. Can you point out where they are screwing me. Thanks MSRP: $61,845 Cap Cost (or sales price): $58,000 (so he took $3,845 off the MSRP for a car with 3,600 miles on it) BMW Rebate: $2,500 Buyer cap reduction: $3,500 Net cap cost of the car is $52,000 Money Factor is .00195 36 month lease 10,000 Miles per year Residual $37,725 (61% of the MSRP) In addition to the $3,500 cap cost reduction, I am also paying the following: $650 sec deposit $637.54 1st payment $925 Acq Fee $220 Doc fee $500 up front tax (not sure what this is yet) Total buyer cost of $6,432.54 to drive off It looks like my monthly payments should only be $572.00 + tax (but he quoted me $595 + tax Thanks for your help and advice!
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Replying to: briandc (May 18, 2009 9:52 am) I would not put $3,500 down Acq fee is too high doc fee is bogus I assuming the upfront tax is the sales tax on the cap reduction. |
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Replying to: briandc (May 18, 2009 9:52 am) The acquisition fee is set at $725.00, though the dealer can also mark this up to $925.00, which it seems they have, too. |
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| Gotta say, all this discussion about leasing is making my head hurt. Acquisition fees, doc fees, residual value, net cap cost, buyer cap, security deposits - my god, how would anyone know what they are signing. All this and ONLY 10,000 miles a year. I commute 40 miles a day total and with pleasure driving I would over that limit in about 7 months. Can't fault anyone for wanting to possess the ultimate driving machine but the discussion here drives home the financial adage that leasing was developed for those who can't really afford the cars they want to drive. Lessee beware is my advise, if anyone cares. | |
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Hi Carman: Got a quote from my current bmw dealer in NJ. My x3 will be end on july 30, 09. dealer offer me to take back my x3 now and exchange a 528xi. Dealer quoted me: 528xi with prem package, cold weather, navi and bi-xeon head light. 10K per year $2500 out of pocket which including tax and reg fee and 1st month payment monthly payment is $590.00 as dealer said. Is it a good deal? Dealer said the $2500.00 already including the deal and i don't have to make the last 2 payment on my X3. Please advise. Thanks
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Would appreciate comments on this deal. I'm coming out of a 2007 X3 lease and have (2) months left. In addition to the below, the dealership is also paying my last two payments on my X3 of $497 each ($994.04). 2009 528i - $45,800 ZPP Premium - $2,400 522 Xenon - $900 609 Navigation - $1,900 6AB iPOD/USB - $400 Destination Charge: $825 MSRP: $52,225 Residual 60% ($31,335) MF: .00175 Term: 36 months / 12,000 miles - No down payment - No security deposits Discounts: $1,200 Lease Cash for 2009 5-Series: $2,500 Incentive for current X3 owners/lessee's: $1,500 Capped fees: $1,474 Adjusted Cap Cost: $48,499 Payment with Tax: $653.47 Up-front fees: $302.49 Rebate Tax: $240 Drive off: $1,213.96 Not included in the deal is the $1,000 rebate I would receive from the BMWCCA if I leased this car.
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Replying to: chriscar (May 25, 2009 6:38 pm) The fair market value should be $500 above invoice. And I heard BMW of Morovia in Southern California is selling at invoice prices on selected models over the Memorial Day Weekend |
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