Last post on Dec 04, 2013 at 7:59 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
BMW 5 Series, Car Leasing, Sedan, Wagon
#3955 of 4276 Re: Unbelievable deal and process [savememoney]
Jun 24, 2013 (10:24 am)
you need to configure the exact BMW the car on bmwconfig.com. Then you should look into paying about $500.00 over dealer costs after deducting any incentives. You need to get the following info from the dealer: The money factor and residual. Them you can check with Carman to confirm that the dealer is giving you the proper rates.
If you have some disposable money, you can buy down the money factor with MSD or multiple security deposits. You will get the money back at the end of the lease. For some strange reason, you can't get MSDs in NY (something about a law) so you would have to come to NJ to get them.
If you can wait until next month, I strongly suggest that you sign up for a BMW Ultimate Driving Experience. BMW will give you a coupon code for a $1,000 to be applied to a 5 series if you take a test drive. PM me if you need the link.
It is always better to buy on the last few days of the month. The dealers are more willing to move then.
Lastly, they are starting production on the 2014 models shortly. There are some changes (check press release on BMW web site) and there is going to be a new generation NAV system.
#3956 of 4276 550xi is this a good deal ?
Jun 25, 2013 (4:09 pm)
550xi - MSRP $76,900
Monthly $749 month
Total out of pocket ( $3,790 )
should I hop on this deal ?
#3957 of 4276 535i, 36mo, 12k, MF?, residual?, cap reduction?
Jun 25, 2013 (4:20 pm)
Can someone share what the residual, money factor, and typical gross cap reduction is for a 535i leased for 36 months 12k miles/yr?
I'm trying to determine if the following quote is a good deal.
$60,800 cap cost
.00127 money factor
$1,500 total drive off
$696/mo pre-tax ($758/mo after tax)
Also, I've read that BMW is coming out with a diesel 5 series when the new 2014 models arrive later this year. Any idea if that presents a buying opportunity for 2013's? Or is it better to wait for the 2014 models at this point?
#3958 of 4276 Re: Unbelievable deal and process [zoombie99]
Jun 25, 2013 (5:19 pm)
I did end up purchasing the DIY Dealer Report from InsideCarBuying and I'm glad I did. It was such an easy process. I emailed the report to 9 of my dealers and then I followed up with a phone call to those I didn't hear back from. 4 of them told me they are not in the business of losing money and to move on. 2 of them were with in $22 - $57 per month of the report and 3 of them were with in $14 per month of the report with $3 per month being the closest and that guy had the car in stock. I am picking it up on Thursday. 5 of the dealers actually knew of Inside CAr Buying and said they have seen his reports before. The guy who sold me the car said as much as he hates to admit it, its probably the smartest way to buy a new car.
The report showed the MSRP of $57,025, invoice of $53,003, holdback of $2,851 making the dealer cost $50,152. It showed a selling price of $51,252 which is $1,100 over the stated cost of the car and the rebates I was entitled to ($750 Conquest and $500 USAA) used as a cap cost reduction. Zoombie99, you were stating I should pay about $500 over invoice so I was $2,251 better than what you were suggesting. The report also gave me an exact breakdown on the out of pocket ($469.01 1st month payment, $725 bank fee, $1,683.14 sales tax, $75 doc fee, $10 NYS Inspection, $12.50 NY State Tire Fee and $87 to transfer my plates) $3,062.55. I got the car for $472.00 per month with the $3,062.55 total out of pocket.
I see there is an imagine tab under the text box here on the forum but I can't figure out how to upload a photo. I would like to share the report with everyone to show how clear and detailed it is. Does anyone know how to use this?
I have to say knowing the exact numbers for the complete transaction made this process painless and fun! I really felt like I knew as much as the dealer this time. I give InsideCarBuying 2 thumbs up and highly recommend this process to others on the forum!
#3959 of 4276 Re: Unbelievable deal and process [savememoney]
Jun 26, 2013 (8:54 am)
Good to hear about your deal. i am in market for 5 series. can you please send me the details.
#3961 of 4276 July 535 Numbers
Jun 28, 2013 (12:36 pm)
Does anyone know what the July MF's and residuals will look like for the 535's? The dealer is trying to push me to fill out a credit app now to lock in June's numbers.
#3962 of 4276 Re: Unbelievable deal and process [savememoney]
Jul 01, 2013 (12:50 pm)
Your deal doesn't add up according to my calculations unless you have the
ultimate drive rebate of $1000. Just wondering if I am wrong or if you left it out.
#3963 of 4276 My 550ix M Sport Lease Price
Jul 02, 2013 (6:30 am)
Just leaased a 2013 BMW 550ix M Sport in NJ as follows:
Buy Price: $64,000
Money Factor: 0.00127
Monthly Payment: $685.48 (nothing rolled into monthly payment)
Bank Fee: $725
Registration: $353 (out of state registration)
Doc Fee: $359
New York Tax (decided to pay the tax upfront): $2190.08
Tax on bank/doc fee: $96.21
1st month Payment: 685.48
#3964 of 4276 2014 BMW 5 Series Leasing Deals
Jul 02, 2013 (6:35 am)
I noticed that BMW has now updated its website to reflect the 2014 5 series, including the diesel engine offerings. Has anyone gotten any info on lease pricing and details for the 2014 5 series?