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Prices Paid: Buying & Leasing Experiences BMW 5-Series Lease Questions
2596 messages, Last post on Dec 01, 2009 at 12:45 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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Replying to: davidc1 (Jun 23, 2009 4:59 am) Moreover, Mercedes and maybe Bimmer have CPO programs that allow you to buy additonal coverage to extend the term of the warranty from the factory. Example, a 2007 S Class if CPO'ed has the balance of the new car warranty PLUS an additional year because of the CPO. But why stop there? You can buy directly from MB two more years beyond that. The only limit is that you can't go over 100,000 miles. So, if you spent time researching a good buy on a 2007 (the first year of the current body style) S Class CPO, you could wind up with lots of factory warranty protection while you drove the current body style for 4 years. Prefer the Ultimate Driving Machine? OK, play your cards right and join BMWCCA for not much money. In addition to getting Roundel which is a good mag, after you have belonged for a year, negotiate your best deal on a CPO 7 Series. After you do that, the factory will then kick in some money or cancel a payment. All in all it seems to me that a lot of people lease for all the wrong reasons. But if you are the kind of guy that this board seems to attract, a guy who is concerned with researching the absolute best deal why not put the same effort into a purchase? The used market is very "inefficient" and rewards research. Maybe you'd find a black S Class 4Matic in Miami or Las Vegas that the dealer just can't get rid of because no one wants black or AWD in Miami or Vegas (assuming that they have any money left after their housing debacles). You know though it would sure look nice in Boston. Maybe, you'd turn up a low mileage 2006 Bentley Flying Spur with AWD for less than 70K which is a lot less than the 185K someone paid three years ago. If you really want a 5 Series, there are loads of 2007's on Cars.com for well under 40K.
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Replying to: acgrafx (Jun 22, 2009 12:49 am) As Equipped $46,625 Selling Price $43,820 36 Month 10K per year 1.45 MF (current customer) 61% Residual Payment $531.94 ($581.17 including 9.25% California tax) License and Registration $588.75 Bank Fee $725 Doc Fee $45 First Payment $581 No Rebates No Cap Reduction But Cap Reduction Tax is 9.25% = $71.22 (What is being taxed?) Due at signing $2011.15 One dealership already told me that he can't beat it. Another said he could beat it by $10 a month but I don't know what terms or Cap Red. Cost he factored in. I know this sounds like a good deal but you guys have more experience in this field so I would like your advice on this one. Thanks. Also, do the deals get better as time passes on the 2010? I will be ready for one in July and one more in August. The wife wants one too.
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Replying to: acgrafx (Jun 25, 2009 10:42 am) |
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