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Prices Paid: Buying & Leasing Experiences BMW 5-Series Lease Questions
2609 messages, Last post on Dec 09, 2009 at 10:13 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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,
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Replying to: dday1 (Nov 01, 2009 6:10 pm) |
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If the car is a demo or a factory official model, and qualifies for the new car leasing program, it could be a very good deal.. (We leased an '08 with 10K miles last year at this time, and saved a lot of money). But, if the car is truly used... then it most likely won't work. If leasing through BMWFS, you'll have to stick with 36 months... they don't support 48 month leases.. |
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Hosts: Do you have the Money Factor and Residuals for November for the 528 I Xdrive? Are they different than the October Money Factors and Residuals? I'm really interested only in the 36 month 36,000 mile option, but others might be interested in the balance of the month/mile options. Thanks! |
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Replying to: kyfdx (Nov 03, 2009 6:25 am) Thanks for the feedback. It was the owners demo car and they are considering it new. That is why I was considering leasing it. In using some of the MF and residual value %'s I saw in the previous message, it looked like it could be a good deal. Based on a $60k negotiated price, $5k down, I was coming up with a payment in the high $500s. I used the original MSRP as the starting point for the residual value. Am I doing this correctly? BTW, great site. Thanks for the help. Any insight would be appreciated. I was going to talk to them tomorrow.
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Replying to: dday1 (Nov 03, 2009 4:34 pm) Not sure of the exact program on this car, but generally... (Miles - 500) X $0.30 So.. for 9000 miles, you'd have to deduct $2550 from the residual. As you'll see, that will add about $70/mo. to the price you calculated. It could still be a good deal compared to leasing a $70K new model. regards, kyfdx
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Replying to: kyfdx (Nov 04, 2009 3:59 am) |
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Replying to: kyfdx (Nov 03, 2009 6:25 am)
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Replying to: SergeyM (Nov 04, 2009 9:26 pm) I'm not sure what CIC 4.0 is... I-drive related? Not sure I'd sacrifice $100-$150 per month for an improved interface.. In my case, my '08 X3 was identical to the '09 model, except for some X-drive badges on the side of the vehicle... 
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I have an 07 535 similarly equipped to the one below with a lease renewing in December, 2009. If we trade it for a new lease, wondering what we should look for as a target offer? Our trade is under the mileage cap of 36K miles currently 28K. It has new run flat tires and is in showroom condition.Here are the specifics on the new one: 2010 535i Sedan Base MSRP $51,100 Alpine White $0 Black Dakota Leather $0 Dark Poplar Wood $0 Cold Weather Package $750 Premium Package $750 Sport Package $2,900 Value Package $0 Navigation system $1,900 Power rear sunshade with rear manual side window shades $575 HD Radio $0 Satellite radio with 1 year subscription $595 Automatic high beams $250 Park Distance Control $750 Destination & Handling: $825 Total MSRP as Built $60,395 I've read most of the previous posts and am prepared to work hard with two dealers. Plenty of time to negotiate, but it would be great have a target. Thanks in advance for help. I feel fortunate to have access to a forum with so much experience. -john |
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