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Prices Paid: Buying & Leasing Experiences BMW 5-Series Lease Questions
2607 messages, Last post on Dec 08, 2009 at 4:21 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
I am new to the game of leases.Is is possible to lease a 06 525BMW sticker price of 49,625.00 in April for No money down around 620-640 monthly payment out the door? I am in San Diego,CA.I have read some of the posting and you mention about using security deposits instead?
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I just had a dealership "offer" me 1% off the MSRP (which they bumped up $850 over bmwusa.com's msrp for a 2007 530i). Also, what other fees get added/subtracted into the "sell" price other than acquisition/down pymnt/trade in? Also, aren't security deposits equal to the amount of the monthly payment? The reason I ask the last two questions is the salesman's numbers seem to be quite a bit higher than I expected. Also, will they generally waive the standard security deposit if you have excellent credit? I'm looking to do a 36 mo lease, 12,000 mi/year, zero down and buy down as with as many security deposits as they will allow. Anyone have a recommendation for a reputable dealer in O.C. CA? Thanks a million, CarMan. This forum has been very helpful. |
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Replying to: socalguy61 (Apr 11, 2006 4:27 pm) The reason I ask the last two questions is the salesman's numbers seem to be quite a bit higher than I expected. Also, will they generally waive the standard security deposit if you have excellent credit? BMWFS has a $625 lease acquisition fee (and a $350 disposition fee, but only if you don't end up buying the car at the end). All leasing institutions have an acquisition fee, so this is not exclusive to BMW. The fee, however, varies from one financing company to the next (e.g. GMAC might have a $599 acquisition fee or VW might have a $500 fee... not necessarily the actual real numbers; just an example for the explanation.) The security deposit is equal to your monthly payment rounded up to the next $50 increment. (e.g. If your payment is $644, your SD is $650. If your payment is $651, your SD is $700.) Nothing can get waived based on credit. The SD can be waived if you are coming out of a BMWFS lease and into another one. It can also be waived by adding 0.00015 to the money factor. The only other fee that you might see if the dealer doc/prep fee. I think that CA is a flat fee of $45? Is that right?
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Replying to: bdr127 (Apr 12, 2006 6:30 am) I was quoted $415 for "DMV fees" and told this included vehicle registration, which seems about right in CA.
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Replying to: t&csteve (Sep 14, 2005 8:22 pm) The lease offer is for 15,000 miles and 36 months with 0.20 cents per additional mile. The dealer quated me a $789 lease based on a 2,000 down payment, a 60% residual value, a 395 final get ready fee, and a .00235 money factor. From the sounds of the discussion that money factor is way too high. I have good, but not excellent credit. What money factor should I be targeting? Is that the correct residual value? Also, now that I have that deal in had, I wanted to shop another St. Louis area dealer to see if I could do better. Do you have any recommendations on strategy? Thank you all for these postings and your time. I realize that you don't have to do this so I value it even more. You are making this dauting task much more manageable. William
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Replying to: socalguy61 (Apr 12, 2006 8:07 am) Oh yeah, I forgot to mention DMV fees.... Obviously you have to pay the state their fees for title/reg/plate. And every state is different, of course. |
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Replying to: wjevbwm (Apr 12, 2006 8:28 am) I believe the best deal on good credit right now (money factorwise) is .00225 with a security deposit. (Which may be waived if you are a current BMWFS customer.) Rather than putting money down, you may want to look into placing multiple security deposits. Each additional security deposit (up to seven) will "buy down" the money factor by .00007. For instance, I was able to "buy down" my MF rate to .00176 by placing an additional seven security deposits. I'd only recommend placing a down payment if your total lease payment is just above the nearest $50. (For instance, if your total lease payment works out to $752, it may be in your best interest to place a small down payment to get it under $750, as your security deposits get rounded up to the next highest $50 mark.) I'm told they aren't "dealing" much on the 2007 models at this point, since they are brand spanking new. If you can find a 2006 that you like, you can get a smokin deal on one of those. I was only able to negotiate 2% off MSRP on the 2007, but you can do much better on a 2006. (Mine is a 530i, if that makes any difference. I believe they produce more 525's, so you may have greater negoitiating power.) I wasn't able to find any "cost" figures for the 2007 models, but MSRP increased $700 (over the 2006 models) on the 530i, with all the options remaining the same. |
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Hi Carman: I am being offered the following deal on 2006 530i with premium package, premium sound, cold weather, rear heated seats: 36 month/12k lease MSRP 53170 Invoice 49110 Selling price: 51110 MF0.0016 and residual 61%, acquisition fee: 825 Drive off 1130 and monthly payment 725 I would like know your comments on this deal and particularly selling price. 
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Hi Car Man I need help. I wish to lease 2007 BMW 530 XI,MSRP is $57,580.00 Lease at $55080.00 36 months 12,000 miles per year. 8% sales tax. Onondaga county, New York I plan to lease through BMW finincial service. What should be the money factor, residual value and monthly payment. Can Lease price of $55080.00 can be lowered? Please help. JITT
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