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Prices Paid: Buying & Leasing Experiences BMW 5-Series Lease Questions
2595 messages, Last post on Nov 24, 2009 at 6:51 PM
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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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Replying to: whocares5 (Jun 20, 2009 7:34 am) |
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| My 2007 BMW 5 series lease is ending. I am thinking of buying a 2010 5 Series. I have heard that BMW is redesigning the 5 series in 2011. What are your thoughts on buying the 2010 or trying to lease for 1 year and then buying the 2011? Does anybody know how much will be changed in the redesign? | |
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I just realized that I got screwed on my 2007 530i lease. I pay $720 with $2000 due at signing with 15K miles. The sticker cost was $51800. It is over in August and I would like your valued advice on how to get a good deal on my next lease. I would like to get this deal closed by the second week in July. Do I mention that my lease is ending? I would also like to get two leases. Do I negotiate both at the same time? Or do I negotiate one deal and then tell them that I need two leases with the same deal? I just want a base model 2010 528i. What should I negotiate? What should I expect to pay per month including taxes? I remember seeing a RENT CHARGE of about $5000 in my original lease contract? Did I get royally screwed? Keep in mind that this was my first time and I was overanxious. At the time, I calculated the Money Factor to .00175 and the Cap Cost was $48900 or so. Thanks for all of your help.
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Replying to: blckislandguy (Jun 20, 2009 7:18 pm) Moreover, at the end of three years you'd have a paid for 7 Series with a still-current body style and some equity. Not either a "disposal fee" or a forced re-up.
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Replying to: blckislandguy (Jun 22, 2009 5:24 pm) I've bought high end luxury cars for 50% off in the past and learned that between further depreciation and repair costs, I am better off leasing a new one every three years. There's always some sort of subsidy to move these cars these days.
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