3910 messages,
Last post on May 18, 2013 at 11:25 PM
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BMW 5 Series, Car Leasing, Sedan, Wagon
#2546 of 3910 Re: 550i MF & Residual - October 2009 [amgrouchy1]
by SergeyM
Oct 19, 2009 (2:49 pm)
October numbers are
2010 BMW 550i Sedan
24 Month – Residual 61% of MSRP – .00155 Base Rate
36 Month – Residual 57% of MSRP – .00155 Base Rate
for 15K miles per year, you should add 3% for 10K miles., MF does not change.
You can shoot for invoice and agree on $2-500 over with some dealers.
You will most probably have to order one. Not many 550 are in stock even with auto.
#2547 of 3910 Urgent Response Needed!!
by sjbarrister
Oct 19, 2009 (9:34 pm)
I negotiated with a dealer a sale price on a 528i for $45,000 with MF of .00145. The dealer agreed, but wants to lower the price to $43,981.00 but raise the MF to .00185. For both scenarios, the monthly payment is the same. But is there something I am not seeing? Is there any disadvantage or advantage to agreeing to the dealer's offer?
Thank you.
#2548 of 3910 Re: Lease Question on 2010 BMW 528i [sjbarrister]
by Car_man HOST
Oct 20, 2009 (3:11 am)
Hi sjbarrister. Let's take a look at the deal that you were quoted. The car that you are interested in, a 2010 528i Sedan, probably has a spread of around $3,800 between its full MSRP and its dealer invoice price. That puts the selling price that you were quoted at around $1,800 over dealer invoice. That's enough meat left on the bone that if you have the time and are so inclined it wouldn't hurt to comparison shop a little to see if you can beat this offer.
Once you arrive at a selling price that you are comfortable with, have the dealer calculate your car's monthly payment using its buy rate lease money factor of .00145 (.00160 for non-loyal customers who wish to have their security deposit waived).
Car_man
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#2549 of 3910 Re: 528xi Money Factor and Residual [ed4040]
by Car_man HOST
Oct 20, 2009 (3:15 am)
Hi ed4040. Using the numbers in the post that you referenced, but increasing the mileage allowance to 15,000 miles per year would cause the payment to rise to around $647.
Car_man
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#2550 of 3910 Re: 550i MF & Residual - October 2009 [amgrouchy1]
by Car_man HOST
Oct 20, 2009 (3:27 am)
You don't sound that grouchy to me, amgrouchy1. BMW Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2010 550i with 15,000 miles per year are .00155 and 57%, respectively.
Car_man
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#2551 of 3910 Re: Lease Question on 2010 BMW 528i [Car_man]
by sjbarrister
Oct 20, 2009 (7:30 pm)
Thank you Car_Man. I have negotiated a sale price and MF as described in my post #2547. What you you think?
Your response is greatly appreciated.
Thank you.
#2552 of 3910 Re: Urgent Response Needed!! [sjbarrister]
by Car_man HOST
Oct 21, 2009 (2:30 am)
You're welcome sjbarrister. The $45,000 selling price that you negotiated is an excellent deal. I guess that somehow the dealer is making more profit on this deal by marking up the money factor. As long as none of the other terms of you lease have changed and the monthly payment is exactly the same, I don't see any harm in letting them reduce the price further and mark the factor up.
Car_man
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#2553 of 3910 Re: Urgent Response Needed!! [Car_man]
by sjbarrister
Oct 22, 2009 (8:30 pm)
Thanks again Car_Man. I just consummated the deal today, and I am elated!! The car looks so beautiful in my garage!!
#2554 of 3910 Leasing a 2009 BMW 550i
by dday1
Nov 01, 2009 (7:10 pm)
I am interested in leasing a 2009 BMW 550i with 7000 miles. Interested in leasing for 3 to 4 years, 15k per year. In negotiating the lease, what residual values and MF would you use? BTW, MSRP was $74k and current price is $62k. Thanks,
#2555 of 3910 Re: Leasing a 2009 BMW 550i [dday1]
by SergeyM
Nov 02, 2009 (10:23 pm)
Leasing a used car seldom makes sense. With you mleage requirements you should go with a new car 3 year lease just to stay within new car warranty. Good deal for a 2010 550 with similar options and $72K MSRP (no-charge value pack) should be around $900, maybe a little higher.