Ask the Car People.SM


BMW 5-Series Lease Questions

3907 messages,  Last post on May 18, 2013 at 11:12 AM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? BMW 5 Series, Car Leasing, Sedan, Wagon

Messages Page 361 of 392

#3593 of 3907 Advice on Purchasing Vehicle at Lease End by waid10

Aug 06, 2012 (8:35 am)

Hi. I need some advice/tips from Car Man or anyone else that has gone through this. My 2010 535i lease is set to expire at the end of August. I really like the car and am thinking of purchasing it. From what I understand, you can either purchase the car through BMW Financial Services or through your dealer. In my conversations with BMW FS, they tell me that the price is the residual value and that there is no negotiating. Is this true?
 
Also, from what I understand, if you buy through the dealer, you can get better financing options and the vehicle is purchased as a CPO.
 
Has anyone been through this process? Can you negotiate the purchase price with BMW FS, the dealer, both?
 
Any tips or advice is much appreciated. Thanks.

#3594 of 3907 Re: 535ix lease deal in Norther VA [audi42] by Car_man HOST

Aug 09, 2012 (3:23 pm)

Replying to: audi42 (Jul 29, 2012 4:44 pm)
Hi audi42. BMW Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2012 535xi with 12,000 miles per year are .00145 and 56%, respectively.
 
Using these numbers, an MSRP of $66,245 and a selling price of $57,807, I estimate that this car would have a zero down, pre-tax monthly payment of around $713.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#3595 of 3907 Re: August Rates [alex_msu1] by Car_man HOST

Aug 09, 2012 (3:27 pm)

Replying to: alex_msu1 (Aug 05, 2012 6:17 am)
Certainly alex_msu1. What trim level(s) are you interested in?
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#3596 of 3907 Re: 2012535i Lease QUestion [htmymi] by Car_man HOST

Aug 09, 2012 (3:33 pm)

Replying to: htmymi (Aug 05, 2012 6:52 pm)
Hi htmymi. I see that you are considering using $7,500 in equity from your trade as a down payment on your lease. There's nothing wrong with trading in your current car when leasing a new one, it certainly is convenient. However, you really should have you cut you a check for any equity that you have in your trade rather than using the proceeds from it as a capitalized cost reduction for your new lease. Consumers who make large down payments on leased vehicles risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered.
 
Also, the money factor that you were quoted is too high. BMW FS' current buy rate for consumers who have decent credit is only .00145. If your credit is in good shape make sure to insist that the dealer use this factor to calculate your payment.
 
According to my calculations, if you were to lease a 2012 535i that has an MSRP of $57,500 and a selling price of $52,500 through BMW Financial Services right now fort 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment would be around $687.
 
Keep in mind that BMW is kicking back dealers a $3,500 cash incentive on this car. With help from that cash I have a feeling that you may be able to negotiate a lower selling price.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#3597 of 3907 Re: Advice on Purchasing Vehicle at Lease End [waid10] by Car_man HOST

Aug 09, 2012 (3:39 pm)

Replying to: waid10 (Aug 06, 2012 8:35 am)
Hi waid10. Theoretically what you were told is correct. However I have seen banks that will negotiate the lease-end purchase prices of vehicles. Whether BMW is one of them I can't say because I've never personally dealt with them before.
 
I personally would be hesitant to purchase a BMW at lease-end, just because BMW FS is notorious for overestimating vehicles' residual values. Essentially BMW artificially inflates vehicles' residuals to hide lease support. This is great for people who lease because it provides them with lower than normal monthly payments. However, inflated residual values would not be good for people who want to buy their vehicles at lease-end.
 
Make sure to compare your car's purchase price to what you would have to pay for one on the open market right now. Your saving grace may be the fact that used vehicle values are still fairly high right now.
 
You should be able to have the dealer certify your vehicle so that you can take advantage of the extended warranty and special financing offers. That's probably the way to go.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#3598 of 3907 Re: 2012535i Lease QUestion [Car_man] by eztzone

Aug 09, 2012 (5:59 pm)

Replying to: Car_man (Aug 09, 2012 3:33 pm)
Hi car_man, I have a 2009 335i due to return in the next few weeks, I am looking to get a 2012 535i with premium, bmw app. msrp at $55645, and invoice of $51245. BMW have 3500 for option allowance, and 750 loyalty rebate. when I negotiate the price should I add $500 to the invoice then deduct 4250 for total rebate which bring me to a selling price of $47495.
 
I also got quote from dealer and they told me the 3500 option allowance does not apply to every 535i.
 
I calculated my monthly payment with 2500 down, first month pay and 725 aquisition fee 56% residual, 0.00145mf 12000k/yr to be about $538 include ca tax, do you think this is doable?

#3599 of 3907 Re: 2012535i Lease QUestion [eztzone] by eagajanyan

Aug 09, 2012 (7:47 pm)

Replying to: eztzone (Aug 09, 2012 5:59 pm)
Have you used edmunds lease calculator, when i input your numbers i get different numbers. what lease calculator do you use. google edmunds lease calculator. have you received any numbers from dealers. thank you.

#3600 of 3907 Re: 2012535i Lease QUestion [eagajanyan] by eztzone

Aug 09, 2012 (10:17 pm)

Replying to: eagajanyan (Aug 09, 2012 7:47 pm)
im using this http://www.leaseguide.com/calc.htm as my calculator, the quote i got was in the high 600

#3601 of 3907 Advice on leasing 2012 528XI by sshenoy

Aug 13, 2012 (6:58 am)

Hi, I have always purchased my cars and new to leasing. For a change, I am planning to lease a 2012 BMW 528 XI with 12K/36 mos. I live in Aurora, IL and was wondering if someone could tell me what would be a good deal.
 
MSRP: 56,245 (prem/cold weather pkg, navigation)
 
I would like to know what would be a good invoice price, money factor and residual value for this car. And of course, the lease payment per month. Appreciate your help.

#3602 of 3907 535XI Lease Question by dv5990

Aug 13, 2012 (10:56 am)

I'd appreciate someone letting me know if I'm getting a good deal. I'm currently looking at a 2012 535XI (Space Gray, Nav, Premium, Sport) that MSRP's at $65,725. Right now the dealer is at $690 a month (including NY sales tax) for 36 months 12k/year with 3,500 out of pocket including all taxes and fees. I appreciate your help

Messages Page 361 of 392

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement