Last post on Dec 07, 2013 at 10:24 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW 5 Series, Car Leasing, Sedan, Wagon
#3886 of 4282 2013 BMW 528i xDrive M Sport
May 08, 2013 (7:53 am)
Just did this deal for a customer. Premium pacakge, cold weather, navigation, park distance control, rearview camera and M sport package - MSRP $60,495 and selling price of $54,610. Its about $1,700 behind invoice. Too bad he did have Loyalty, would have been another $750 off...
64% residual and .00127 money factor for 36 months / 12,000 miles.
Wednesday, May 08, 2013 10:45:18 AM
Customer Name: Inside Car Buying, LLC WD Deal ID: 98452
Sale Vehicle: New 2013 BMW 5 SERIES 135B 4dr Sdn 528i xDrive w/AC , Automatic , Odom: 0
Base Payment 560.01
Total Payment 560.01
Purchase Option 38,716.80
Est. Miles Per Year 12,000
Disposition Fee 350.00
Excess Mileage Charge 0.20
Amount Due at Signing
1st Month Payment 560.01
Acquisition Fee 725.00
Fees & Insurance 197.50
Upfront Taxes 1,755.40
Total Inception Fees 3,237.91
Total Cash Required on Delivery 3,237.91
Customer State: New York Customer County: WESTCHESTER
Type Amount Rate Paid
Cashdown Tax 67.00 8.3750 Upfront
Upfront Tax 1,688.40 8.3750 Upfront
Description Amount Paid
Reg 100.00 Upfront
Insp 10.00 Upfront
Title 12.50 Upfront
DocFee 75.00 Upfront
#3887 of 4282 Re: 2013 BMW 528i xDrive M Sport [insidecarbuy]
May 08, 2013 (4:25 pm)
It is a great deal.
I tried to get one similar in San Francisco Bayarea, CA.
The "internet manager" are much less forthcoming. They never give me a complete disclosure like the one you provided above.
It is too bad you are in Newyork, otherwise, I would lease one from you.
#3888 of 4282 Re: 2013 BMW 528i xDrive M Sport [ged3584]
May 09, 2013 (5:42 am)
You have at least 10 BMW dealers within a 50 mile radius of you. This makes it very competitive for dealers. Shop harder, you'll get it!
#3889 of 4282 Re: 2013 BMW 528i xDrive M Sport [insidecarbuy]
May 09, 2013 (5:43 am)
What kind of deal's do you have for the 550i M package? really need one in my life.
#3890 of 4282 Re: 2013 BMW 528i xDrive M Sport [insidecarbuy]
May 10, 2013 (3:44 pm)
Out of curiousity, how did you negotiate the 64% residual value? I frequent Ride With G's forum, and the May lease rates on 2013 528xi appears to be 62%. This represents a difference of about $35 per month payment. Edit: Nevermind, I see that his values are based on 15k miles, 12k adds 2%, coming up to 64.
I am looking into the possibility of leasing a 2013 5 series in Virginia, all in the $58-63k range, and would love to get a comparable deal of less than $600 with less than $4k out of pocket with no cap cost reduction nonsense.
What do you think the absolute floor selling price/invoice on this thing might be? $57-$58k, or higher?
#3891 of 4282 2013 BMW 535i Deal
May 10, 2013 (3:57 pm)
I think these deal numbers look great! What say the group?
#3892 of 4282 Understanding advertised lease deal math
May 10, 2013 (11:14 pm)
Current lease offer on BMWUSA.com for '13 535i:
$750 buyer loyalty cash
$3,000 down (cap reduction, correct?)
Net cap cost: $52,075
Purchase Option Price: $35,170
36 month, 10k miles/year
Lease payment $539/month (less taxes, I assume)
Q1: Do you consider the "Purchase Option" price to be the residual, which would here would be 63% of MSRP? That seems about right, though 10k/year leases here seem to have a 64% RV.
Q2: By my math, to get to a monthly payment of $539 the money factor would have to be below 0.0008. Most recent posts here show 0.00127 to be about as low as can be found. So what gives?
I'm trying to do the math on the the offer -- any clarification would be appreciated!
I am planning to lease a 535i with M and technology packages in San Diego. If anyone has dealer gouge for SD, I'm all ears.
#3893 of 4282 Re: Understanding advertised lease deal math [testflyjets]
by kyfdx@Edmunds HOST
May 11, 2013 (5:24 am)
That "net cap cost" is from you, not the advertisement, right?
The advertisements usually factor in an undisclosed dealer discount, which isn't accounted for.. you wouldn't pay MSRP, would you?
#3894 of 4282 Re: Understanding advertised lease deal math [kyfdx]
May 11, 2013 (9:23 pm)
The net cap cost is what I assume the cap cost is based on the MSRP, loyalty incentive and $3,000 down.
The undisclosed dealer discount is the piece I was missing, which I assume is simply more cash off the net cap cost, or is it a reduction in the money factor, or both? I just want to understand how the $539 payment is computed based on the other given numbers.
And no, I'd certainly never pay MSRP, and never have. This was all purely a math exercise to be sure I understood how BMW computes a lease and where they are changing the numbers to arrive at a specific payment.
If I knew from this advertised deal that they were willing to go to 0.0008 on the money factor (half of what the salesman quoted me today), I'd use that in my bargaining. If I knew they were willing to knock a few thousand off the cap cost, I'd use that, too.
#3895 of 4282 Re: Understanding advertised lease deal math [testflyjets]
by kyfdx@Edmunds HOST
May 12, 2013 (9:15 am)
The dealer discount would result in a lower cap cost.. Adjust that variable until you see the listed payment, and you'll likely discover the imputed discount amount. The MF can't go lower than the base rate, but they can certainly mark it up.