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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
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I am looking for a 535xi with cold weather package only. The dealer in Pittsburgh gave me the following figures on a 10,000K miles 36month lease; MSRP: 54,500 Negotiated Price: 52,000 MF: 0.00180 Residual: 61% 1500 initial payment includes first month payment, acquisition fee, document, title etc. Monthly payment of 725. To me this sounds like a BAD deal. I have excellent credit. Any input will be appreciated. |
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Replying to: cancer (Sep 22, 2009 1:52 pm) They only gave you $2,500 below MSRP and they bumped the MF. The current MF for that car is .00165 but dealers are allowed to bump it up for extra profit. The residual is correct.
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Replying to: cancer (Sep 22, 2009 1:52 pm)
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Replying to: jeffal (Sep 22, 2009 2:15 pm) |
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Replying to: acurious (Sep 22, 2009 2:34 pm) |
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Replying to: gregoryx (Sep 15, 2009 5:28 pm) I was told of this program too and the site below has a good thread concerning the topic: http://www.bimmerfest.com/forums/showthread.php?t=298834 It appears there are several questions to get answered before I can make a good value determination but the program seems to carry a hefty risk at the back end. Carman, are you familiar with the BMW Select Program? 
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 all wow what a great forum! I learned a bunch from you guys. Here's my deal 2010 528xi $49.4 msrp vp package split rear seat $589 month 36/12k $6790 driveoff with $4800 in msd's only 7 that count -00049 mf wow that helps 6.25% mass tax I found that BMW stores in my market (Boston) inflate the MF 20-30 points that's $20 $25 a month more (shame shame) on them TIP ask for them to conferm the base MF rate aka lease loan rate they'll hide it if they can they keep 70cents on the dollor over the base rate (sneaky) it's not much but hey it's my money just be upfront about it |
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Replying to: tambaydriver (Sep 22, 2009 6:31 pm) Carman, or anyone else in the community - are there any other insights that you have on the select program? it does have a ballon payment on the backend. because i live in ohio, i'm guaranteed 2.9% interest if i choose to finance the ballon payment for another 1-2 years OR i can pay it off OR i can take the residual value and roll into a new vehicle at the time.
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Replying to: gregoryx (Sep 26, 2009 7:15 am) The drawback in comparison with a lease, is you don't have the option to turn it in at the end of the term.... You have to refinance the balloon, or sell the car, and repay the balance... Generally, they created the program as an alternative to leases for full-tax states like Illinois and Texas. It preserves the trade-in tax credit for those states, by putting the car in the name of the buyer, rather than a leasing company. It is rarely used outside of the states with those taxing policies.. There is nothing inherently wrong with it... Though, many people have the opinion that if you can't afford to pay for a car with a 60-month loan, then it is too expensive for your budget. regards, kyfdx Host-Prices Paid Forums
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Replying to: drewzie (Sep 19, 2009 6:00 pm) 2300 at sign in 4000 trade 36/ 15K/year /574 (inc. tax) 58% residual |
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