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Prices Paid: Buying & Leasing Experiences BMW 5-Series Lease Questions
2606 messages, Last post on Dec 07, 2009 at 2:19 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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You're very welcome, kevhollywood. I'm glad that I was able to help you out. Car_man Host Smart Shopper / Prices Paid Forums |
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HI alzadol. I am not personally all that familiar with what the market is like for the 2005 BMW 545i right now, but you may be able to get an idea of how much you should pay for this car by visiting the following discussion: "BMW 5-Series: Prices Paid & Buying Experience". Once you have an idea of what you should pay for this car, feel free to stop back and I will be happy to estimate what your lease payment should be like on it for you. Car_man Host Smart Shopper / Prices Paid Forums |
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Hey kevhollywood. What your dealer said is sort of true, but not exactly. BMW Financial Services will waive its lease security deposit requirement for returning lessees. As a non-returning lessee, you have to pay a security deposit equivalent to your vehicle's monthly payment rounded up to the nearest $50 to get the .00175 factor. If you want your car's deposit waived, its money factor will be .00015 higher. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Sep 26, 2005 1:52 am) Thanks. |
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My 94 325i has seen better days and on its way to junkyard. I have been looking for a 'deal' and open to either buying or leasing any 00 and up used 5 series. I just talk to a guy who is trying to get out of his 03 525i lease. Apparently, he put 7K down to keep the monthly to $399. The car is a base model, 5 speed, Titanium Silver and has 175xx miles. The lease allows only 10k/yr and expires in Jan'07. Here is the dilemma: I like the fact that both lease payment and mileage are really low and the car will be under warranty throughout the duration if I were to assume his lease. Bad part: He supposedly got hit on the left rear door and BMW put a brand new door for him. I'm worried if there had been any structural damage. There is a pair of very very tiny (but visible) dings from other peoples' doors on the front passenger door. It is only a base model. The payoff on the car, right now, is $288xxx - which I think, is over the real market value especially considering the accident showing up in Carfax report. Initially, I thought it was a great opportunity - I didn't have to put any down payment (other than $450 to BMW leasing to transfer).. but now I'm not too sure. Any help/input is highly appreciated. Thank you in advance.
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Replying to: jpl101 (Sep 27, 2005 7:27 pm) But, if the payoff is almost $29K right now, that is not a car that you want to purchase.... even after 15 more payments, the payoff will be way more than it is worth... So, if you want to drive it until the end of lease, go for it... But, if this is a car you want to own long term, the price is too high.. regards, kyfdx Host-Prices Paid Forums
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Replying to: kyfdx (Sep 28, 2005 10:15 am) Also, BMW said they cant do anything to renegotiate the mileage/yr term..but they have something called 'mid term mileage negotiation'. One must have at least 9 more payments remaining to participate in that program..it reduces per mile cost to $ 0.16 from $0.20. What is your take on that..? Thank you.
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Replying to: jpl101 (Sep 28, 2005 1:47 pm) How many more miles are you going to need? I am familiar with the mid-term mileage adjustment... It isn't a bad deal, as long as you don't buy any more miles than you will use.... At that price, I'd take a chance on it.... start out leasing... take it to the end of the term and see what happens.... It may be a decent buy at that time.. The seller should be able to tell you the residual value at end of lease.. I'd be very interested in knowing what that is.. regards, kyfdx Host-Prices Paid Forums |
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You're welcome kevhollywood. 15,000 miles per year is the highest mileage allowance that BMW Financial Services publishes residual values for. If you need to drive more than that you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty. Car_man Host Smart Shopper / Prices Paid Forums |
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Need to know the residual and money factor for 12K and 15K per year - 3 years. Thank you |
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