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Prices Paid: Buying & Leasing Experiences BMW 5-Series Lease Questions
2604 messages, Last post on Dec 04, 2009 at 7:18 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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Replying to: whocares5 (Jun 20, 2009 7:34 am) I like the idea of assuming a lease, yourself... That way, your costs are fixed, and you don't have to worry about whether you are going to get rid of the car on time, or for how much... |
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Ok folks just got home from the dealership and want to know if this is the deal I should sign? 2010 535i xdrive Premium pkg Sports pkg Satellite Radio w 1 year membership Value package Navigation 36 mos lease with 20K miles per year. I offered 2500 down as cap reduction List price of car is 58,870 which includes 825 destination Monthly payment with taxes came to $825/month Due at signing total was $2500 down plus first months payment and security deposit of 500. Dealer was using 58% residual and .00175 lease factor. Sale price after my cap reduction was 55,080. Tell me what you think. |
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BMW offering Factory-to-dealer $5000?BMW offering Factory-to-dealer $5000?Hi All - I was wondering if someone can confirm whether or not it's true that BMW is offering dealers $5000 [factory-to-dealer] incentive for June? Is this true and if so where do I find more resource on this so I can take advantage of it  Please see my source below: link title "BMW is providing dealers with $5000 factory-to-dealer cash deals on all 5 Series and M5 models that will allow dealers to discount prices heavily on those models — if they choose to do so" Thanks in advance for your response. |
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Replying to: teck2u2 (Jun 20, 2009 6:42 pm) The Mercedes dealer-principal in Maine (there is only MB dealer for the entire state) complained to me years ago that he couldn't make any money. His discount from MSRP was a measley 6% or so and after you discounted the car, you were in the hole. The only way to make money was on leasing. Leasing he continued was a source of easy money with the various fees up front and at the back end plus it was a source of good used cars as the lessors re-upped because they never had any equity. But, he continued, the damn Maineiacs were too contrary to lease and just paid cash for their MB! Show me a guy jumping from one lease to another, and I'll show you a guy who is way over his head and throwing money away. Dealers love you guys.
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