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Prices Paid: Buying & Leasing Experiences BMW 5-Series Lease Questions
2606 messages, Last post on Dec 07, 2009 at 2:19 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I've been following these posts pretty closely and i am learning something new with each post. Thanks for the information. Does anyone have experience or an opinion about the bmw select program? short story is that it is a mix of a lease program and purchase option. the rate is 2.9% interest on 2010 model with unlimited miles for 60 months with no money down, with a ballon payment at the end of the term. at the end of the term, you have the option of rolling it into a short term loan (at the same interest rate) or trading your vehicle in for another vehicle (at the same interest rate). thoughts? i don't see it in any of the posts and i'm trying to understand the pros/cons |
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A reporter is looking to interview a consumer who passed on purchasing a Cadillac because there was no attractive lease option. Please send your daytime phone number to ctalati edmunds.com by Wednesday, September 16, 2009.
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Replying to: kyfdx (Sep 12, 2009 5:28 am) So applying what you are saying to my deal, which is: 2010 535ix with Premium Pkg, Access Control and NAV It’s a demo car with 7k miles on it $57,875 MSRP $50,279 Sales Price $32,930 Residual (56.9%) .00217 MF 3yr lease, 12k miles $599/mth Due at signing, $599 1st mth, $600 security dep, $925 Acq. Fee, $2,400 MSD, $190 State/doc fees, $47 plate/title Yes, the sales person gets the marked up acg. fee, but that is all they get? The sales person does not get a cut of the MF above BMWFS set rate? In my case, BMWFS requires a .00035 on top of the 00165 because it is being purchased by a tax exempt entity. And there is no money being made off the sales price of the car because it is priced below dealer invoice? |
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Replying to: logic_3 (Sep 12, 2009 6:56 am) But, the only thing you really need to know.. is if this deal is cheaper than what you can negotiate on a new (non-demo) car? It is a 3-year lease... so... .cheaper is cheaper.. As long as you have warranty and maintenance for the full term, then the 7K miles mean nothing to you.. I have to say... for a $58K MSRP car... $630/mo. is a great deal (amortized the acq.fee), even if you did have to do 4 MSDs to get it.. Does that include tax, as well? You can get lost in the money factors and acquisition fees, after awhile... Sometimes, you need to look at the real world finances. How much am I paying to rent this car, per month? This looks cheap to me... regards, kyfdx |
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Might be moving to Belgium for a 2 - 3 year stint. Any ideas on the leasing costs for a '09 528xi over there at 12k miles/yr ? J |
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Replying to: bettencb (Sep 04, 2009 7:08 am) |
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Community . . . i sent a post a couple of days ago asking about the BMW select program and no responses yet. any thoughts?
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Replying to: logic_3 (Sep 12, 2009 6:56 am) Below is the offer I got from a Dealer in New Jersey. I am a returning customer MSRP 49275 Sale Price 45500 MF - 0.00145 Residual - 58% 15000 miles a year Due at signing - 2087 Monthly 627 Please let me know is this is a good deal or not. thanks
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Can you provide me with the Money Factor and Residual value for: 2010 528xi 36 month 36,000 mile lease 2010 528xi 36 month 30,000 mile lease Also, realize I can browse the "prices paid" forum, but wondering if there is becoming a standard "over invoice" price to be paid for this car to calculate a fair lease. Thanks!
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Replying to: politeindian (Sep 16, 2009 4:10 pm) MSRP $47,375 SALE PRICE $44,250 $2,550 DOWN $598 PER MONTH 36 MONTHS 15K RESIDUAL 58% MF .00145
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