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Prices Paid: Buying & Leasing Experiences BMW 5-Series Lease Questions
2577 messages, Last post on Nov 10, 2009 at 10:32 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: rockblue (Jun 12, 2009 6:08 pm) Rock |
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Replying to: rockblue (Jun 12, 2009 6:08 pm) |
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We are looking at the following vehicle: 2009 BMW 535 i xdrive demo with 6100 miles. Original MSRP 59670 Vehicle options: Cold Weather Pkg Premium Pkg All Wheel Drive Steptronic Auto trans ipod & USB adaptor Navigation system Sattelite radio w/ 1 yr mbrship destination charge ($825) Offering for $51995 minus 2500 cash = $49,495 Money factor .00175 36 mo. lease 50% depreciation $725 Acquistion fee $201.46 Document fee $650 Security Deposit 6% sales tax Dealer says lease payment comes out to $639 per. mo (includes acquision fee) tax extra (150 due as a total amount at lease signing), but I'm not sure if this is accurate. I used a lease calculation and came up with $584 (which includes tax and acquision fee built in) but maybe my calculation doesn't count because I used a calculator for leases that have to be new cars? http://www.edmunds.com/advice/leasing/articles/48365/article.html Not sure, since this vehicle has miles on it. How does this look? And how do I know that the mileage hasn't been manipulated? |
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Replying to: jasont (Jun 09, 2009 7:15 pm) |
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I am thinking between buying and leasing a new 09 BMW. I am thinking of leasing for a year and then buying it off. That way I don't have to worry of year 1 depreciation which is steepest. Has anyone done this before? Is BMW flexible enough to allow buying the car during the lease period? I am curious to see if anyone on this board has any advise.
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Replying to: whocares5 (Jun 19, 2009 7:50 pm) You will be out the acquisition fee that you paid for the lease, though.. ($725-$925). regards, kyfdx
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Replying to: kyfdx (Jun 20, 2009 5:15 am) |
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Replying to: whocares5 (Jun 20, 2009 6:45 am) You pay $45K... At the end of three years, the car is worth $25K.. The car payoff declines pretty much linearly between those two numbers, over the term of the lease. (A purchase payoff declines slower than that, as more interest is charged when the balance is higher.. Finance charges on a lease are averaged over the entire lease term). Since the actual depreciation will likely be faster than that, you'll take the same loss when you try to re-sell the car that you would take in a purchase, anyway.. I'm not sure what car you have now, but you might see if you can extend the lease for one year. That would surely be cheaper than any of the scenarios you are comtemplating. If you have a BMW, they generally won't do that, unless you have another BMW on order. regards, kyfdx
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Replying to: whocares5 (Jun 20, 2009 6:45 am) |
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Replying to: kyfdx (Jun 20, 2009 6:54 am)
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