Last post on Dec 12, 2013 at 7:43 AM
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BMW 5 Series, Car Leasing, Sedan, Wagon
#3942 of 4294 2013 BMW 528ix Sedan
Jun 18, 2013 (4:00 am)
Hey All -
I am looking to come out of my Mercedes E350 and get into a new 528ix sedan. I visited a dealer last night in Northern NJ and here is what I was offered.
Jet Black with Black Leather
Cold Weather Package
Premium Hi-Fi system
Park Distance Control
Total MSRP is $58,500
36 months/12,000 miles yr.
Selling me the car at $55404 - $750 conquest incentive
$595.15 per month with $3,862.96 due at signing (just 1st month, bank fee, taxes, doc and plates)
What do you think? I was paying $660 per month for my Mercedes and that was about $60k MSRP.
Any help would be appreciated - Thx
#3943 of 4294 Is this correct
Jun 18, 2013 (5:49 am)
To figure a lease the money down would be subtracted from the inital cap cost. Using the money factor adjusted to intested rate. I would amortize the lease payments and hopefully arrive at the
stated residual value.? Taxes, bank fee and dmv not included in the above calculation. Generally
are the usaa and ultimate drive discounts taxable? Sales tax.
Jun 18, 2013 (3:11 pm)
I was wondering what the June money factor and res. would be on a 535 x drive with 12,000 per year for 48 months
Jun 18, 2013 (11:13 pm)
Just closed the deal today. Helped my sister getting a new 2013 535i.
the car had the following:
- tech package
- premium package
- rear view camera
- park distance control
- heated seats
- upgraded paint (didnt really want one but thats all they had)
MSRP was 60795, Selling cost was 55505. Invoice was 55975.
36 months lease, 1k drive off, 662/mo including 8.5% tax.
just wanted to share as i was eager to know how much others paid for theirs when I was in the market for one. thanks.
#3946 of 4294 Re: 535i lease [biggoofyjj]
Jun 19, 2013 (8:50 pm)
did your selling cost include any incentives?
#3947 of 4294 Unbelievable deal and process
Jun 21, 2013 (4:42 am)
I want to give a big thanks to InsideCarBuy. I have always gone to dealerships in the past and spent hours there going back and forth haggling them down to what I thought was a great deal. Never knowing exactly what number I should be getting to that would represent the best deal. I got a DIY Dealer Report on the exact BMW 528ix I shopped for last weekend (I posted about it a few days earlier) from InsideCarBuy and not only did it get my payment down from $595 (this is what the dealer quoted me a week ago) to $508.01 but the dealer wanted to know how I knew all the exact numbers and calculations. I showed them the report and they knew of InsideCarBuying. They said this is the kind of guy they don't want to negotiate against, he is a blight on the business and if it continues dealers will suffer. I asked the Manager if the dealer really has minimal amount of profit in it then why except the deal? He said I have all the facts on paper and if I were to visit enough stores he is sure I would be able to get the price from some desperate dealer who is looking to steal a customer from his area and needs an extra unit for the month. He said because I am his local customer the last thing his owner wants is another BMW plate frame driving around from his competition in the area.
Needless to say I'll never get a new car again without one of these reports. I am now looking forward to replacing my Lexus at the end of the year when in the past I always dreaded the process!
#3948 of 4294 Re: Unbelievable deal and process [needbmwhelp]
Jun 21, 2013 (5:01 am)
you should always know the dealer costs. Edmunds or bmwconfig.com are very good sources.
#3949 of 4294 Re: Unbelievable deal and process [needbmwhelp]
Jun 21, 2013 (5:04 am)
also, there is no need to pay anyone for reports
#3950 of 4294 Re: 535i lease [biggoofyjj]
Jun 21, 2013 (1:06 pm)
How many miles a year?
#3951 of 4294 Re: BMW 535xi - 36 mth [joegolfs]
Jun 23, 2013 (5:16 am)
Hi joegolfs. BMW Financial Services' June buy rate lease money factor and residual value for a 36-month lease of a 2013 535xi with 15,000 miles per year are .00127 and 60% for consumers who qualify for its top credit tier.
Normally I would advise consumers who need to drive more than 15,000 miles per year to purchase additional miles at lease signing at a discount to what the lease-end penalty for excess mileage would be. However, BMW lets consumers buy extra miles at almost any point up to the very end of your lease at a discount. So, you might as well go with 15k and see what happens. You can always get the extra miles later if you need them.
Prices Paid: Buying & Leasing Experiences Forum