Last post on Dec 10, 2013 at 4:36 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW 5 Series, Car Leasing, Sedan, Wagon
#3782 of 4289 Re: BMW 550ix lease rates [ankitpoo]
Jan 20, 2013 (8:19 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 4289 2013 BMW 535i M-Sport lease
Jan 20, 2013 (9:47 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 4289 Re: BMW 550ix lease rates [nj550i]
Jan 21, 2013 (9:20 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 4289 asking price is not sales price
Jan 21, 2013 (9:43 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 4289 Re: BMW 550ix lease rates [ankitpoo]
Jan 21, 2013 (1:45 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 4289 Re: BMW 550ix lease rates [ray1022]
Jan 21, 2013 (2:56 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!
#3788 of 4289 Re: 2013 BMW 535xi Lease [Car_man]
Jan 21, 2013 (6:09 pm)
Hello Car_man, thank for your help - Per Ankitpoo's suggestion, can you please provide the following:
36 months: MF and Resv
39 months: MF and Resv
36 months: MF and Resv
39 months: MF and Resv
#3789 of 4289 Re: 2013 528 lease [Car_man]
Jan 22, 2013 (5:29 pm)
Thanks Car_man. Can you also give me the same info (MF, Residual) for a 2013 535i with 15k Miles and 36 Months?
Jan 23, 2013 (7:46 pm)
I have been working on a purchase of a 2013 BMW 550i and this is what they have told me thus far:
Purchase Price: $70,000 (this is my target, we are still working to this, I'd like $69.5K Better
Lease Term: 3 Years, 12K miles per year.
Residual: 62%, I was initially told 63% but they said 12K a year is 62%.
Money Factor: 0.0017
I have outstanding credit, when I do the calculations I get a payment of $854.55 excluding sales tax. Does the above information look accurate? I keep reading that perhaps waiting until March when incentives might be better may be the way to go here? I have read online that perhaps the residual on a 550i for 3 years and 12K miles is only 60%?
While I am at it, anyone have any good suggestions on dealers in AZ or nearby state? Dealer here is saying $2100 off MSRP is a good deal and I know that isn't true. They are pretty much not willing to move much. I want to do $500 over invoice or even lower.
#3791 of 4289 Re: 550i Purchase [virtualmayhem]
Jan 24, 2013 (8:22 am)
Resv you stated is correct, for 12K a year it is 62% for 36 months. 63% is for 10K yr. MF you states is higher. The correct MF for top tier credit is .00130. In my opinion 550's are a lot harder to move than 535's. I almost got 10% off MSRP for me. But than i live in NJ. Try to see to see what other delarships are offering. Thanx!