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BMW 5 Series, Car Leasing, Sedan, Wagon
#2676 of 3911 Re: 2010 528xi Lease - How's My Deal? [manhattan_bmw]
Jan 27, 2010 (2:31 pm)
This is a better deal than what I have been able to find in the Westchester NY area - most leases with the tax in the monthly, no cap cost reduction, configured the same way is about $685 (tax of 7.375%, ~$47K for the car) Can you share the dealer name, total car cost, money and buy price? mok212 (a) gmail.com Have never come across a non-refundable deposit - sounds strange.
#2677 of 3911 Leasing 535xi
Jan 28, 2010 (3:35 pm)
So I'm in the market to lease a 535xi. Is the consensus to wait until next month and hope that the rates drop or should I pull the trigger on a 500 over invoice with a .0023 money factor and a .62 residual value 36month lease???
#2678 of 3911 Re: Leasing 535xi [hit]
Jan 28, 2010 (3:42 pm)
With the new 5 out in a few months these are better buys than leases -- you should be able to get a much better price than 500 over invoice on a soon to be outdated model.
#2679 of 3911 Re: Leasing 535xi [jayrider]
Jan 28, 2010 (3:45 pm)
A much better price meaning what? Invoice? Is it reasonable to ask them to give it to me below invoice?
#2680 of 3911 Re: Leasing 535xi [hit]
Jan 28, 2010 (3:49 pm)
Local dealer is knocking 6-7k off msrp for new 3 series 09's. Don't see any left over 5's at all. What is the msrp and where would 7k off take you ?
Did see the following. 2010 535xi 36 month 10k miles zero cap cost reduction -- fees/taxes extra. msrp 54225 605 per month. May or may not be current. If you are close -- wouldn't see any reason to to the deal.
#2681 of 3911 Re: Leasing 535xi [jayrider]
Jan 28, 2010 (4:06 pm)
According to dealers quote, msrp is 58,870.. He was using a cost of 55,000 according to what he told me.
6-7k off the msrp would save me an extra 150 or so montly, would be nice
Would it be insane to ask the dealer to give me a car for a few grand under what their (supposed) invoice price is?
#2682 of 3911 Re: Leasing 535xi [hit]
Jan 28, 2010 (4:16 pm)
Tell him you can do the deal for $100 less per month. But be ready to deal if he accepts -- tell him it's a budget thingy and you may want to wait to see the all new 5. There aren't too many 5's left--stopped building them so the scarcity may hurt discounts. Maybe there is a service loaner you can look into leasing with 5k miles or so. Otherwise if you really want it go for it but don't post what you did unles you want to open yourself to dissing.
#2683 of 3911 Re: Leasing 535xi [jayrider]
Jan 28, 2010 (4:47 pm)
Also, what is the MF determined by? Is it a rate set by the BMW or can the dealers play around with it?
*edit* searched around the board and found previous cases of BMW playing it with it and allowing it to be adjusted.
Would it be appropriate/reasonable to ask BMW to give me a .0005 MF?
#2684 of 3911 Re: Leasing 535xi [hit]
Jan 28, 2010 (6:14 pm)
The mf is set by bmw -- I suppose a dealer could raise it but not sure. No negotiation on mf -- just make sure it is mfr correct. Ask the host but the mf you quoted is correct. Just try for a lower payment.
#2685 of 3911 Re: Leasing 535xi [hit]
by Car_man HOST
Jan 29, 2010 (3:46 am)
Hi hit. BMW sets the buy rate lease money factor for all of its vehicles. The buy rate is the lowest factor that its dealers are allowed to charge. Dealers are often allowed to mark up a bank's buy rates to add additional hidden back-end profit to deals. BMW dealers are notorious for doing so. That is why it is important to know what the buy rate is for the exact model that you want to leease prior to entering into any serious negotiations with dealers.
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