Last post on Dec 02, 2013 at 10:29 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW 5 Series, Car Leasing, Sedan, Wagon
#4110 of 4271 Re: 2013 BMW 535i [kyfdx@Edmunds]
Aug 20, 2013 (8:21 pm)
I was replied back from the fleet manager that this Northern California dealer cannot sell their car under invoice .... they're going to sell me the 535i at invoice and then all the "rebates" can apply afterwards, which include:
-> $1000 loyalty cash
-> $500 turnkey payment credit
-> $1500 buildout cash
I identified the car in their inventory and I'm going to dealer tomorrow. Will find out if that's true.
#4111 of 4271 Re: 2013 BMW 535i [99_528i]
Aug 20, 2013 (8:55 pm)
That's true, I got a quote at invoice price as well.
#4112 of 4271 Re: 2013 BMW 535i [addictcar]
Aug 20, 2013 (9:01 pm)
Did you get any of the rebates mentioned?
#4113 of 4271 Re: 2013 BMW 535i [99_528i]
Aug 20, 2013 (9:08 pm)
I didn't because I bought the car elsewhere already, I got the $2,500 on my deal, but I forgot to ask for the $500 turn key.
#4114 of 4271 BMW 528I X-drive $652.30 for 12,000/yr
Aug 21, 2013 (11:19 am)
I just signed on a leasing contract of 2013 BMW 528i X-drive sedan (36,000 miles for 3 years) and wonder if the deal is good or not:
528xi MSRP $50,100
Space Gray Metallic $550
Black Dakota leather $1,450
Cold weather package: $950
Rear-view camera: $400Park distance control: $750
Navigation system: $1,900
BMW app: $250
Destination charge: $895
Total suggested price: $57,245
Purchasing price: $50,000
Due on signing: total $1,930 (acquisition fee $925, Registration $289, title prep $5, tax $58, runner fee $160, first month payment $652.30)
Monthly payment: $652 (including tire & wheel insurance $20, CT tax $36)
This is my first time lease purchase and please tell me how you think of this deal. Thank you!
#4115 of 4271 Re: BMW 528I X-drive $652.30 for 12,000/yr [bluesky14]
Aug 21, 2013 (11:31 am)
First, every Forum participant appreciates having the information from other deals to help them to decide on "their" deal making, so thank you for sharing.
However, I never seem to understand why anyone would want to have confirmation that their deal is either good or bad AFTER they have signed the Contract? The decision has been made and you should be happy with it as it works for you, and are going to now have this vehicle for 36 months no matter what anyone else thinks; no easy way of getting out of it.
Enjoy your new drive!
#4116 of 4271 Re: BMW 528I X-drive $652.30 for 12,000/yr [bluesky14]
Aug 21, 2013 (11:51 am)
If you want to check your lease numbers there is only one place you should go. Checkout Inside Car Buying and their DIY Dealer Report. It saved me a ton of money and time when I got my new BMW as well as many of my friends.
#4117 of 4271 Re: BMW 528I X-drive $652.30 for 12,000/yr [bluesky14]
Aug 21, 2013 (8:21 pm)
Your negotiated purchase price is great however the math for your monthly payment just doesn't add up. You are also paying 200 extra on the acquisition fee.
36mo 12k/yr lease numbers are 61% residual and 0.00117 MF. If you plug these numbers in a lease calculator you should get monthly payment of $551 which includes tax but does not include tire and wheel insurance. Tire/wheel insurance shouldn't cost more than 30-40 extra per month.
You did a good job negotiating the purchase price but looks like they took advantage of you on lease payment calculation. It's too late now - enjoy your car!!
I ran the number for you. See screenshot here for full breakdown: http://i40.tinypic.com/68envk.jpg
#4118 of 4271 Re: BMW 528I X-drive $652.30 for 12,000/yr [bluesky14]
Aug 21, 2013 (8:30 pm)
Basically the monthly payment including tire & wheel insurance is at $600, then it's a decent deal.
#4119 of 4271 Re: BMW 528I X-drive $652.30 for 12,000/yr [addictcar]
Aug 22, 2013 (4:02 pm)
That is a pretty decent price due to the $1500 buildout credit. Are you eligible for the loyalty credit of $1,000 and the turnkey of $500? There is also $500 from Tristate BMW Dealers.
Was there a bigger buildout as the car has been on the lot since at least January ( you can tell from the freight charge. ). I am considering one like that myself.