Last post on May 22, 2013 at 5:18 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW 5 Series, Car Leasing, Sedan, Wagon
#3778 of 3911 Re: 2013 BMW 535xi Lease [mbdcars]
by Car_man HOST
Jan 20, 2013 (8:31 am)
Hi mbdcars. Do you know what this car's selling price is? I ask because that number would make it much easier to evaluate this deal. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is more difficult to tell how large a dealer discount you are being given and in turn if there is any room to negotiate the car's selling price. Let us know what this figure is and I'm sure that either myself or another helpful community member will let you know what they think.
Prices Paid: Buying & Leasing Experiences Forum
#3779 of 3911 Re: BMW 550ix lease rates [ankitpoo]
Jan 20, 2013 (5:13 pm)
Congrats on the new 550xi.
I was looking at the same car (Blk Sapphire) but prefer in Alpine White. I have purchased/leased 4 BMWs and never once did BMW of Freehold gave me anything below invoice. I live 10 mins away and always gave them the opportunity to beat the competitor offers. But they never came back with an offer. I have a couple of questions regarding your purchase price of $65,336. Just to clarify that you did not rec'd any loyalty/USAA incentives on the purchase price? You asked for 10% off MSRP which is $65,020 and they came back with $65,336? Do you know how did they came up with the price of $65,336? Just seem like an odd #. Thanks for your help.
#3780 of 3911 Re: 2013 BMW 535xi Lease [Car_man]
Jan 20, 2013 (6:24 pm)
I believe the sales price is 57300.
#3781 of 3911 Re: BMW 550ix lease rates [nj550i]
Jan 20, 2013 (6:31 pm)
it all started with 2013 550ix with cold weather package (bmw of bloomfield, sister delarship of freehold). MSRP for that car is $66545. the selling price for that car is $60500. which is 90.9% off. that car is in Alpine white with black dakota interior, what you are looking for. lease price for that is $599 month with 7 MSD (.00081 after MSD) and Resv 63%. i told them to do 10% on my car which would be $65021 (MSRP $72245), which they didn't want to do. 90.9% ON $72245 is $65671, so i told them to split it and we came $65,336 as a result. all this was done before i went to the delarship, i didn't want to haggle in person. if you are interested in that alpine white 550ix, let me know, i can talk to them and see if that car is still available. freehold were willing to bring that car from bloomfield since it is there sister delarship. Thanx!
#3782 of 3911 Re: BMW 550ix lease rates [ankitpoo]
Jan 20, 2013 (9:19 pm)
ankitpoo, thanks for the reply.
The one in Bloomfield does not have the M-Sport package which is a must have option for me. Currently I have a 2010 550i M-Sport and need to sell private. Avg asking price on Autotrade is about $41K, CPOs are around $44K. And dealers want to give me $32K for trade-in (so, they can make $10K+ on my car). While shopping for my wife 2013 X5 back in Nov 2012, Freehold offered $300 over invoice while Park Ave BMW offered $1,100 below invoice. I know Park Ave have an Alpine White with MSRP of $74,445, but trade-in value without seeing my car is $32.5K. When I read your post, I was very surprised on your purchase price from Freehold. That is an excellent price without any incentives. Enjoy your car!
#3783 of 3911 2013 BMW 535i M-Sport lease
Jan 20, 2013 (10:47 pm)
Hi car man:
My wife and I are negotiating a 36mo/10K per year lease on a new 535i. We are getting one that is jet black/oyster/black dekota interior, Driver assist pkg, M-Sport pkg, Technology pkg, heated front seats, power rear sun shade, premium hi fi system, i phone snap in adaptor and carpeted floor mats (MSRP $64,119). The dealer says they are doing invoice plus $500. They want $5500 total cash drive off with a total payment of $690/mo. They said this is with "elite credit" level. The car is being ordered from the factory. Is this a good deal? Should we wait for March incentives?? They historically give $1500 off at that time. We are talking to the BMW dealer in Escondido, CA a BRECHT dealer and dealing with Nabi and Pierre. They said 2013 cars cannot be ordered from the factory after March.
#3784 of 3911 Re: BMW 550ix lease rates [nj550i]
Jan 21, 2013 (10:20 am)
wow, that trade in value is very low. just FYI, i was talking to internet sales assistant. Her name is Eileen. Tell her Ankit refered you, she will find the car you are looking for, and let her know to make similar discount off MSRP as me. Sometimes it's just better to sell the car on your own rather than trading it in. It is very hard for delarships to move 550's than 535's. Thanx!
#3785 of 3911 asking price is not sales price
Jan 21, 2013 (10:43 am)
The other thing to remember is that asking price is not what they sell for, especially at dealers. Look at Edmunds TMV and KBB to get a realistic idea of a fair offer.
#3786 of 3911 Re: BMW 550ix lease rates [ankitpoo]
Jan 21, 2013 (2:45 pm)
Thanks so much for posting your real world example and lease price paid. I am looking for a very similar car (2013 550xi with M Sport package). Found one at a dealer in NJ in the Carbon Black color I want, but they are quoting a much higher monthly payment (and the MSRP is slightly less than yours at $70,195). This is very useful info that you provided. I will try to get them down in monthly payment. To confirm, you did a 36 month lease? or 39 month? And just to summarize, your figures were as follows:
Purchase Price: $65,336
10,000 miles per year
MF: .00081 (with 7 multiple security deposits(MSDs) for a total of $4900)
Monthly payment total = $689 (includes NJ tax)
At closing, had to pay $2284.85 upfront which includes:
1. 1st month payment of $689
2. luxury tax: $261.35
3. DMV: $304.50
4. Tire tax: $6
5. Bank Fee: $725
6. Doc Fee: $299
#3787 of 3911 Re: BMW 550ix lease rates [ray1022]
Jan 21, 2013 (3:56 pm)
yes everything you have stated is correct. My lease is for 36months. Try to ask car_man what the MF and Resv are for 39months, and see which is better. I wanted to do 36months, because i wanted my lease to end rite around now. So i can get good deal in December when it is time to get a new car. I missed out in December, because i was on vacation. What i should have done is locked in the December incentives and than go car hunting in Jan. but lesson learned for next time. if the delarship you are talking to is not budging on the price, go to another one and say i am interested in this car, and see what they can do. Thanx!