Last post on Dec 07, 2013 at 10:24 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW 5 Series, Car Leasing, Sedan, Wagon
#2362 of 4282 Re: Is this a good deal? [Car_man]
Jun 05, 2009 (9:07 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?
#2363 of 4282 Re: Is this a good deal? [hotmeal]
Jun 05, 2009 (9:44 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.
#2364 of 4282 Re: Is this a good deal? [ljg4554]
Jun 05, 2009 (10:13 am)
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 4282 Re: June lease money factors on 2010 528I [chadnaustin]
Jun 09, 2009 (1:56 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.
Prices Paid: Buying & Leasing Experiences Forum
#2366 of 4282 2010 BMW 528i
Jun 09, 2009 (7:15 pm)
So then is the following reasonable to ask BMW for?
$250 over invoice
.00145 money factor
60% resid on 3yr/36k
Acquisition fee: $725
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!
#2367 of 4282 neg equity
Jun 09, 2009 (9:00 pm)
i am 10k upside down on current car
with all these low prices and incentives is there a way to strike a deal for a 2009 535.
i want to lease now.
#2368 of 4282 BMW 535 2010 lease rates
Jun 11, 2009 (3:33 pm)
Can someone please tell me what the money factor and residual amounts are for a lease on a 2010 bmw 535 with 12K and 15K for a 36 month lease
Jun 12, 2009 (6:08 pm)
New order here is the deal
300 Alpine White
LCNG Natural Brown Dakota Leather
ZCW Cold Weather Package
ZPP Premium Package
ZSP Sport Package
205 Steptronic automatic trans
322 Confort Access system
416 Rear sunshades
508 Park Distance Control
5AC High Beam Assist
5DF Active Cruise Control
609 Navigation system
677 Premium hi-fi system
453 Front ventilated seats
Net Sale 68,401.77
Lease Month 999.00
Is this a good deal?
#2370 of 4282 Re: 535i 2010 [rockblue]
Jun 13, 2009 (6:36 am)
I did not get the invoice on this order and I am not sure what the cost of the ventilated seats are.
#2371 of 4282 Re: 535i 2010 [rockblue]
Jun 15, 2009 (9:40 am)
That looks very high. $1000/mo? Couldn't you get a loaded 550i for that?