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BMW 5-Series Lease Questions

2604 messages,  Last post on Dec 04, 2009 at 7:18 AM

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What is this discussion about? BMW 5 Series, Car Leasing, Sedan, Wagon

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#2357 of 2604 Re: 2009 528xi [bmw530owner] by Car_man HOST Jun 05, 2009 (1:47 am)
Replying to: bmw530owner (May 17, 2009 10:02 pm) Hi bmw530owner. I have heard of BMW lessees getting BMW Financial Services to waive excess mileage and / or excess wear and tear charges for current lessees who agree to lease a new BMW.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#2358 of 2604 RE: 2009 528Xi [ipipip316] by Car_man HOST Jun 05, 2009 (1:58 am)
Replying to: ipipip316 (May 18, 2009 7:20 pm) Hi ipipip316. I have heard that BMW is running an official early lease termination on the X3, so the fact that you are getting out of yours early should not have any impact upon your ability to get a good deal on the new 5 that you are considering.   The easiest way for me to evaluate this deal would be for me to take a look at what this car's selling price is in relation to its full MSRP. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is difficult to tell how much of a dealer discount you are being given. Let us know what they are and I am sure that either myself or another helpful community member will be happy to give you their opinion on this deal.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#2359 of 2604 Re: CPO Lease [jimbonyc] by Car_man HOST Jun 05, 2009 (2:14 am)
Replying to: jimbonyc (May 27, 2009 7:05 pm) Hi jimbonyc. BMW is one of the few manufacturers that provides support on CPO leases from time to time, but generally speaking one has to be careful when leasing a used vehicle. The lack of lease support on them compared to new vehicles often makes leasing one as expensive as...or even more expensive than leasing an equivalent brand new model.   Unfortunately, given its lack of popularity and the large number of variables associated with them, I do not personally keep tabs on manufacturers' used vehicle lease programs.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#2360 of 2604 Re: Is this a good deal? [hotmeal] by Car_man HOST Jun 05, 2009 (2:16 am)
Replying to: hotmeal (May 29, 2009 7:57 am) Hi hotmeal. The easiest way for me to evaluate this deal is to look at the selling price that the dealer is charging you for this car. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. You wouldn't pay cash for or finance a new vehicle without knowing how much you were being charged for it. Leasing one without knowing the selling price is the same thing. Let us know what price you are being charged and I am sure that either myself or another knowledgeable community member will be happy to let you know what they think,   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: hotmeal (Jun 05, 2009 9:07 am) ljg4554 (Jun 05, 2009 9:44 am) hotmeal (Jun 05, 2009 10:13 am)
#2361 of 2604 June lease money factors on 2010 528I by chadnaustin Jun 05, 2009 (4:57 am)
Can you advise what BMW Financial Services' June buy rate lease money factor and residual value are for a 36 month lease of a 2010 528i with12,000 miles per year.   Based on BMWs sales results for May 2009, is $500 over dealer invoice reasonable? Replies to this message: Car_man (Jun 09, 2009 1:56 am)
#2362 of 2604 Re: Is this a good deal? [Car_man] by hotmeal Jun 05, 2009 (9:07 am)
Replying to: Car_man (Jun 05, 2009 2:16 am) Hi Car_man, Thanks for the reply.   I leased a 2006 X3 and the lease term is due soon. I visited several BMW dealers. Their leasing prices varied quite a bit. The one that I bargained the most gave me the following:   MSRP $52875 - Premium, Cold, I Pod and Xenon Credits applied: $1,500 loyalty and $2,500 for the 2009 528 Xi model Price offered: ~$4,6700 Walk away payment:$1,000 (1st month and registration, etc) 15K per year Monthly payment: $606.   I tried to negotiate it down to $575 per month, the dealer won't budge. They claimed that they are below their cost and can't close the deal. Chriscar earlier replied and indicated that they dealer is already $400-600 below invoice.   According to my calculation using the online lease calculator, in order to offered me th $606, the adjusted cost after 1,000 down should be around $46,460 with a depreciation of $17,215. The Tax in NJ is about $1,500. The money factor has to be around 0.00110.   Do you agree with them? Replies to this message: ljg4554 (Jun 05, 2009 9:44 am) hotmeal (Jun 05, 2009 10:13 am)
#2363 of 2604 Re: Is this a good deal? [hotmeal] by ljg4554 Jun 05, 2009 (9:44 am)
Replying to: hotmeal (Jun 05, 2009 9:07 am) hotmeal.. not sure when you got the quote but that $2500 lease cash on 5 series is history. It went away with the June lease programs. You may want to contact your dealer, I suspect they will give you a revised payment. The money factors on 2009 5 series have gone up to .00225 from .00175 last month. The residuals have gone done significantly as well. For a 528 the residual is 52% for 3yr/45k and on 535 it's 49%. Add 2% if you do a 12K deal. Not attractive at all. You'll probably fare better with an 2010 at this point. They have attractive money factors and residuals but no lease cash and I suspect dealer discounts won't be as generous on the 2010. But the MSRP is lower on the 2010 than 2009 so that should help offset the lost lease cash.   I took delivery of a 528 last saturday 05/30 just prior to those deals expiring. Replies to this message: hotmeal (Jun 05, 2009 10:13 am)
#2364 of 2604 Re: Is this a good deal? [ljg4554] by hotmeal Jun 05, 2009 (10:13 am)
Replying to: ljg4554 (Jun 05, 2009 9:44 am) Hi Car_man   Thanks again, I am curios if I were passing a good deal and should be regret now. What was you deal, do you mind to share it with us?
#2365 of 2604 Re: June lease money factors on 2010 528I [chadnaustin] by Car_man HOST Jun 09, 2009 (1:56 am)
Replying to: chadnaustin (Jun 05, 2009 4:57 am) I'd be happy to help you out, chadnaustin. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 528i with 12,000 miles per year are .00145 and 60%, respectively.   If you can find a dealer that will lease you a 2010 528 at $500 over invoice, go for it. That's a good deal.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#2366 of 2604 2010 BMW 528i by jasont Jun 09, 2009 (7:15 pm)
Car Man,   So then is the following reasonable to ask BMW for?   2010 528i $250 over invoice .00145 money factor 60% resid on 3yr/36k Acquisition fee: $725 MACO: waived Tech/training: waived   The salesperson proposed a money factor of .00185 but based on your last post that seems high. They also asked for $500 over invoice, MACO of $400 and Tech/Training of $180.   I just want to know what is a reasonable counter offer. Thanks for all your help! Replies to this message: jmcbmw (Jun 17, 2009 8:40 pm) Car_man (Jun 29, 2009 3:52 am)

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