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BMW 5 Series, Car Leasing, Sedan, Wagon
Jul 31, 2010 (1:42 pm)
What are MFs for 2011 528I?
Interest rates are lower than more than 2 years ago when I leased my 2008 BMW 535i, yet their money factor (from discussion here) seems much higher. I think that's exploitation.
I am considering a 2011 528i, with premium, night vision, sport, driver assistance, convenience, ehad-up display, xenon. The $60K MSRP is a tad higher than the $59K+ MSRP on my 2008. That car was discounted to 55K (which hopefully the 528i can); had a much lower MF, and I gave a refundable deposit -- I think maximum 7 deposits brought MF from 144 to 90.
I've had performance/service problems with both prior BMWs, and BMW company was indifferent/unresponsive. Dealers did not consistently honor 'loaner' policy.
I can't do the 528I unless I get a decent price and MF.
Anyway, CARMAN, my main question -- is aren't they just doing MF for what they can get away with, rather than what interest rates are, nowadays?
Are BMW sales so much better than everyone else that they can charge a high MF. I go to the showrooms, and I don't see people looking or buying.
To avoid their exploitative MF and $625 acquisition fee, you're almost better off buying the car, if you have the money. I'm only earning 2% in bank. They can borrow at prime rate of perhaps 3.25%.
#2815 of 4294 Re: BMW Money factor [asteinberg]
Jul 31, 2010 (2:44 pm)
With your negative service issues why not check out audi or mb. Rv's and mf's vary for brands and months. Leasing at the right time is the key. Being open to brands is also advantageous. There is a site-- ridewithg.com that you can check out lease rates and get personal questions answered re good and bad leases.
#2816 of 4294 NEW 2011 535i lease offer...
Aug 03, 2010 (1:20 pm)
Hi there. I never knew this vast amount of expertise was available here. Thank God. I'm ordering a 2011 535i. Just wanted to run these numbers by you experts to see if i'm making a good decision or not. Please advise:
MSRP: $73000 (with all my options). Dealer will discount 3K off MSRP
Monthly payment is $958 + tax for 15K/year for 36 mo lease
Monthly payment is $998 + tax for 18k/year for 36 mos.
Please advise if this is a fair payment for this particular vehicle. Thank you
#2817 of 4294 2011 550 Lease Info
Aug 04, 2010 (12:28 pm)
Can you please provide the money factor and residuals for a 2011 550, assuming both 36 and 48 months. I would be driving either 10,000 or 12,000 miles. I'm in California if that matters.
#2818 of 4294 2010 528 X-Drive Lease
Aug 11, 2010 (5:33 pm)
$600 per month includes 6% MI Tax
Thought this was a great deal? Thoughts!!!
#2819 of 4294 Re: BMW lease 528i or 535i [gocalbears]
Aug 14, 2010 (9:35 pm)
I want to do the same thing you did but I have no idea what it means to "split the premium package credit"! Would you please explain.
#2820 of 4294 Re: Breaking BMW News [billyd6]
Aug 20, 2010 (2:59 am)
Yes, Billyd6, I'm sure that the residual value for a 36 month lease of a 2011 550i is 55% for leases with 15,000 miles per year. The 58% residual value would be for a lease with only 10,000 miles per year.
This lease program is good through the end of August.
Prices Paid: Buying & Leasing Experiences Forum
#2821 of 4294 Re: Breaking BMW News [abockstein]
Aug 20, 2010 (3:01 am)
You're very welcome, abockstein. Enjoy your new ride !
Prices Paid: Buying & Leasing Experiences Forum
#2822 of 4294 550i Lease
Aug 23, 2010 (5:15 pm)
I'm working on a 2011 550i Lease. Thanks for all the great info on this site.
I wanted to run this by the crowd/host to see if this seemed reasonable (in Central Florida) :
lots of options MSRP 71025
Purchase price 67800
MF decreased from .00230 to .00209 with MSD x3 (at 1100 apiece- seems high, no?)
Doc fee 799
Acquisition fee 725 (brought him down from 925, per your guidance)
$7213 due at signing (3300 refundable) including first month lease/ 7% FLtax/tag/fees
Dealer's calculations= $1116/month
I feel like there is still some room to go, any thoughts?
#2823 of 4294 Re: BMW Money factor [asteinberg]
Aug 28, 2010 (10:14 am)
Why would you even consider another BMW with your negative experiences, and your opinion that they are exploiting you?
I have a 2008 535Xi leased in 2007 and yes the MF were lower then, but your starting 144 was likely 70 lower than standard as BMW was offering a reduction to returning custoners, and your post indicates you had a prior BMW. The standard on a 36/39 mo lease was .0250 reduced to .0180 for returning customers.
I suggest you hold your opinion about exploitation until you go to a bank and see if you can get a car loan at prime, which is what you want BMW to give you. You and I are lending the bank money at close to 0% through our Fed, and they are charging us a markup a lot higher than BMW is.