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BMW 5-Series Lease Questions

3910 messages,  Last post on May 18, 2013 at 11:25 PM

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

Messages Page 368 of 392

#3667 of 3910 Leasing 2013 528xi or 2012535xi by karsco

Oct 23, 2012 (12:59 pm)

Car Man--new to this forum and my questions have probably been asked and answered but would appreciate your take on this leasing scenario and then a follow up question.
 
We are current BMW customers with lease on our 2010 528xi expiring January 2013. Contacted by our dealer looking to terminate this lease and get us into a new one. We like the BMW and have brand loyalty (which probably weakens our position) and want to stick with the 5 series. This particular 528 comes with the cold weather/executive packages and also contour seats. MSRP is $59,895. "Initial Cap Cost" is $56,600 with dealer invoice (we're told) at $55,800. Dealer may take a few hundred off the ICC but clearly not interested in going behind invoice. Dealer adding $925 in bank fees as additional cap. Residual 59% = $35,338 after 3 year lease term 12k miles per year. Money factor = .00155. As structured, deal sees us putting $5,500 down of which $3,800 is identified as cap cost reduction. We also get the $750 loyalty credit. Monthy payment including taxes is $676. This does not seem like a great deal frankly and would like thoughts.
 
Follow up question has to do with leasing a 2012 535xi that is on the show room floor with reduced listed price of about $56,300. This car has all of the features we're looking for but not sure how a 3 year lease deal would compare given that we're late in the model year.
 
Thanks very much.

#3668 of 3910 Re: Leasing 2013 528xi or 2012535xi [karsco] by Car_man HOST

Oct 29, 2012 (9:27 am)

Replying to: karsco (Oct 23, 2012 12:59 pm)
Welcome karsco. If the dealer invoice price that the dealership that you are working with quoted you is correct, $800 over on a 5-Series isn't bad. You may want to double check the number that you were given over in the New Vehicle Pricing section of Edmunds.com.
 
The acquisition fee that you were quoted is being marked up slightly, $925 versus a base charge by BMW FS of $725. So add another $200 to the dealer profit and you're really at around $1,000 over invoice. Again, this isn't terrible, but if you are in an area that has significant competition, I would not be surprised in the least if you were able to beat this offer by several hundred dollars.
 
The dealer is marking up your vehicle's money factor as well. BMW FS' October buy rate for the 2013 5-Series is only .00135. Make sure that they use this factor to calculate your car's payment, especially if they are charging you $1,000 over.
 
In my opinion, $3,800 is too much money to put down as a capitalized cost reduction. I always advise consumers to put zero down towards the cap cost. I do so because consumers whose vehicles are totaled in an accident or stolen and never recovered risk losing part or all of any money that they put down. Your monthly payment will be a little higher, but it's much safer to go with a zero down lease.
 
Given the cash incentives that are available on the 2012 5, you might want to get the dealer to quote you a payment on that car as well. I wouldn't be surprised if it was less expensive to lease than an equivalent '13 model, even this late in the year.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#3669 of 3910 2013 528 lease question by sportconnect

Oct 29, 2012 (10:16 pm)

In the Los Angeles/SFV area looking to lease a 2013 528, 36 months, 12,000 miles: Premium 1, Navigation, rear view camera, titanium silver, black dakota. No cash down, prefer to give multiple security deposits, high-tier credit rating. What numbers would I be looking at: cap cost, money factor, residual, etc.?
Thank you for any assistance. First time leasing. Currently own a 2002 530, exc. condition, 118,000 miles which I may trade in.

#3670 of 3910 Re: 2013 528 lease question [sportconnect] by Car_man HOST

Oct 30, 2012 (4:02 pm)

Replying to: sportconnect (Oct 29, 2012 10:16 pm)
Welcome sportconnect. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
 
BMW Financial Services' October buy rate lease money factor and residual value for a 36-month lease of a 2012 528i Sedan with 12,000 miles per year are .00135 and 59% for consumers who qualify for its top credit tiers.
 
If I was in the market for this car in an area that has a lot of competition, like Los Angeles does, I personally would shoot for a selling price of $500 or so over dealer invoice and see what happens.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#3671 of 3910 Re: 2013 528 lease question [Car_man] by sportconnect

Oct 30, 2012 (9:34 pm)

Replying to: Car_man (Oct 30, 2012 4:02 pm)
Thank you Carman for an excellent and rapid answer.

#3672 of 3910 Re: Leasing 2013 528xi or 2012535xi [Car_man] by karsco

Oct 31, 2012 (1:04 pm)

Replying to: Car_man (Oct 29, 2012 9:27 am)
Thanks very much for a very informative and detailed answer.

#3673 of 3910 Re: 2013 528 lease question [sportconnect] by Car_man HOST

Nov 01, 2012 (6:00 am)

Replying to: sportconnect (Oct 30, 2012 9:34 pm)
You're very welcome sportconnect. Thanks for the thanks .
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#3674 of 3910 Re: Leasing 2013 528xi or 2012535xi [karsco] by Car_man HOST

Nov 01, 2012 (6:10 am)

Replying to: karsco (Oct 31, 2012 1:04 pm)
No problem karsco.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#3675 of 3910 Help on a quote by javyhdz

Nov 02, 2012 (7:01 am)

Hello,
 
I’m looking to buy a new 528i and after talking to a Texas dealer he gave me a quote for a 2013 528i with Premium, Driver Assistance, Technology, Heated Front Seats, Multi-contour Seats, and Rear-seat entertainment:
 
msrp - $59,695.00
sale - $57,000.00
upfront - $4,500.00 including first month payment
monthly - $750.00
residual - 57%
MF - 0.00175
15k miles a year
42 months
 
Do you think this is a good deal? I would really appreciate any comments you may have.

#3676 of 3910 BMWFS 550 Lease Rates by derekla

Nov 02, 2012 (1:51 pm)

Hi, Car Man.
 
I want to lease a 2013 bmw 550 in the next few weeks. What would the buy rate from BMWFS be on a car if I am going to lease with 10000 miles/year and I am going to max out on the MSD option?
 
Thanks!

Messages Page 368 of 392

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