Last post on Dec 12, 2013 at 7:43 AM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW 5 Series, Car Leasing, Sedan, Wagon
#4114 of 4294 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 4294 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 4294 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 4294 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 4294 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 4294 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.
#4120 of 4294 Re: BMW 528I X-drive $652.30 for 12,000/yr [infinitimn]
Aug 22, 2013 (4:25 pm)
Never heard of $500 from Tristate BMW Dealers, and I forgot to ask for the $500 turnkey credit, all I got was the $2,500 credit, never heard of a bigger buildout either. I test drove the Brand New Infiniti Q50, it's Slow...
#4121 of 4294 2013 535i xDrive-Is this a good deal?
Aug 24, 2013 (7:41 pm)
MSRP: 68,460 (original MSRP 68,275 + after-market black grill $185)
Licensing fee: 369
Doc fee: 69
UDE rebate: $1,000
Build-out rebate: $1,500
Lease term: 36-month, 12K miles per year
Residual value: 58% (I thought it's 59%. can anyone confirm it's changed to 58% this month)
Monthly payment is $830. Is this a good deal?
The car includes:
Titanium Silver Metallic
Black Dakota Leather
Cold weather package
M Sport Package
Sport automatic transmission with shift paddles
Park distance control
#4122 of 4294 Re: 2013 535i xDrive-Is this a good deal? [zhining]
Aug 25, 2013 (7:50 am)
What state are you in and how much of the fees(bank, registration, doc, etc.) and taxes are you paying up front? The residual should be .57+.02 = .59
#4123 of 4294 Re: 2013 535i xDrive-Is this a good deal? [infinitimn]
Aug 25, 2013 (8:26 am)
I'm in WA State. The dealer insists the RV to be 0.58? The bank fee is 725, licensing fee 369, doc fee 69. Tax rate is 9.8%