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BMW 5 Series, Car Leasing, Sedan, Wagon
#2654 of 4276 European delivery lease
Dec 28, 2009 (3:19 pm)
This board was very helpful. Here is my deal on 2010 528 xi, 36 months lease with 15K per year.
Pick up in Munich: January 14, 2010.
MSRP $50,720 includes added multi-contour seats,$1200, and satellite radio, $595.
Agreed price: $44,110 is $500 over European invoice.
Minus $2500 (BMW). Gave 7 refundable security deposits to lower money factor, equal to 7 monthly payments.
Finally, $546 per month with NJ taxes included.
Drive off includes 1 monthly, $546, aquisition, $725, title fee $305, NJ tire & record fee $355 and my $78 to simplify calculation of security deposits Total $2009.
Multiple security deposits: $546*7= rounded to $3,850.
If security deposits are returned at the lease end then I think that the deal is good and deposits are a good investment. Travel to MInich is not a problem for me but could be a hussle for some other people. In this case the deal will be higher but still close to the rock bottom. Note also that this is the !5K miles per year deal. The 10K mile deal would be ~$60 less.
Dec 29, 2009 (6:37 pm)
This is the deal I was just offered on a 525i
Cap Cost 46570
Residual is 61% of MSRP or $29261.70
0 to drive off and 35 payments of $671 which includes 10% tax
Monthly payment $671
I don't like this deal. I think they must have added the first payment, $825 acq fee, $235 gov't fee and $100 doc fee back into the cap cost.
The deal I would like is the following:
Selling price $45,570
Therefore Cap Cost $41,570
MF .00245 - .00049 for MF of .00196 (want to buy down by posting 7 sec deposits)
Residual 61% of MSRP $29,261.70
Monthly payment of $481 + tax
Out of pockets - 7 security deposits and $825 Acq fee, $235 gov't fee and $100 Doc fee. Do you think I can get it? Any suggestions where I can improve? Thanks.
#2656 of 4276 Re: Bad Deal? [needacar13]
Dec 29, 2009 (7:14 pm)
Sorry - not a 525, the car is a 2010 528i. Thanks
#2657 of 4276 Re: 528xi Lease rates [jayrider]
Dec 29, 2009 (7:44 pm)
I just finalized the lease...Here are the details. 2010 528ix with value package (MSRP $48,925) for 36 months, 10k/year. $625 due at signing (first month's payment) & $625/month. All fees (MV, bank, doc, etc) and tax (7% NJ) rolled into the payment.
#2658 of 4276 Re: New 528i [rjorge3]
Dec 29, 2009 (7:54 pm)
Rjorge3, I just finalized this lease in Bergen County, NJ...Here are the details. 2010 528ix with value package (MSRP $48,925) for 36 months, 10k/year. $625 due at signing (first month's payment) & $625/month. All fees (MV, bank, doc, etc) and tax (7% NJ) rolled into the payment. Hope this helps.Let me know if you have any questions.
#2659 of 4276 Re: Bad Deal? [needacar13]
Dec 30, 2009 (6:20 am)
How much over invoice is your proposed selling price of $45,570? What are the options on the car and I can figure out invoice if you don't have that handy. The dealer has to honor the 7 MSD - if they tell you otherwise, you should contact BMWFS directly. The MF markup by the dealer is actually not bad at all since the current buy rate is .00240 (set to expire on 1/4 at which point it may go down but the rebates are set to expire too).
#2660 of 4276 Re: Bad Deal? [wesleyan92]
Dec 30, 2009 (1:09 pm)
Premium, Cold Weather and Sirius. Edmunds says invoice is $45,050, which includes the $825 destination charge.
#2661 of 4276 Incentive on Five Series before new model release
Dec 31, 2009 (1:25 pm)
An earlier poster had speculated that there might be incentives available on the five series in the two or three months prior to release of the new body style, similar to the ones that Mercedes had on the E-Class.
Does anyone have any information or opinions?
The lease on my '07 335 is over in April.
#2662 of 4276 Re: Bad Deal? [needacar13]
Dec 31, 2009 (2:07 pm)
You are offering $520 over invoice which I think is completely fair - plus they are making a little bit of money on the money factor markup. Did they take your offer. FWIW: my deal was $500 over invoice and no Money Factor markup but I did pay $925 instead of $825 for the lease acquisition.
#2663 of 4276 Evaluate a deal on 528xi
Jan 02, 2010 (7:56 pm)
I was offered the following deal today in Mass., and would appreciate any input:
528xi with premium and value packages, navigation, satellite radio
36 months, 15k miles per month
MSRP of $51,775, invoice of $47,670
Base Cap Cost $48,500
Up-front costs of $2,150, monthly payments of $725.
Under this quote, the Holiday Credit is built into the reduction from MSRP to the negotiated base cap cost--shouldn't it be subtracted from the negotiated base cap cost instead? Any other ways I can improve on this? Thanks in advance for any help.