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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
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Hi bbreaker. I had to remove your post because it contained your salesperson's name. Posting the names of dealerships in this forum is OK, but not the names of specific salespeople. Here's the rest of your post: "It is at North Scottsdale BMW. I just talked to him. He said the Cap cost was 45,389.74 Money Factor .0016 Residual 73% Does this add up? It doesn't look like they are discounting the base price very much off the MSRP, but the low MF and especially the 73% residual is probably how they can get the monthly payment so low. Right?" Car_man Host Prices Paid Forum |
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Replying to: offset (Sep 05, 2006 8:16 pm) Car_man Host Prices Paid Forum |
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Replying to: mark1234 (Sep 06, 2006 12:35 pm) Car_man Host Prices Paid Forum |
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Hello everyone, I recently purchased (LEASED) a 2007 525i over 36 months with 15k per year. I know after reading other posts I did not get a good deal. I still want to show what I paid and learn from my mistakes, so on the next lease I will be better prepared. Year = 2007 Make = 525i Lease = 36 months Miles = 15k year Options* Premium Package Sport Package Automatic Steptronic Transmission Total Suggested retail price $50,770 Gross Capitalized cost = $49,881.03  Purchase Option at end of term = $30,462.00 (I think my residual is 62% based on my depreciation amount being $18882.44) (($18882.44 / $30462.00 = 62)) I will just list everything so you can comment on where I got ripped off and I will take notes for the next time.  Gross Capitol Cost = $50,606.03 Capitol Cost Reduction = $1261.59 Adjusted Capitol Cost = $49344.44 Residual Value = $30462.00 Rent Charge = 6004.72 (Not sure what this is) Total Base monthly payments = $24887.16 Lease term = 36 Base monthly = $691.31 Sales Tax/ Use Tax = 53.58 TOTAL MONTHLY PAYMENT = $744.89 Drive OFF Capitol Cost reduction = $1261.59 First Monthly = $744.89 Refundable Security = 0.00 Initial Title = 0.00 Initial Registration = 0.00 Initial License fees = $387.00 Sales Tax /Use = 0.00 Acqusition fee = 0.00 dmv electronic fee = 0.00 sales tax Capitol cost reduction = $97.77 Doc Prep = 0.00 California Tire fee = $8.75 Total = $2500.00 Itemization of Gross capitol Cost** Total Agreed upon Value = $49881.03 Other ACQ FEE = $725.00 Gross Cap cost = $50606.03 I know I did not get a good deal after reading some of the other posts. After I received the vehicle I realized it did not have the Logic 7 stereo with sattelite as the sales rep explained. I had already singed and they said there was no cooling off period. This angered me and I called BMWUSA and they said I should have looked at the dealer sticker more carefully. Obviously this is my mistake and the dealer manager said he would give me $500.00 as good will but I have yet to see it. I appreciate all the advice that will be givin. Thanks.. |
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Replying to: new525iguy (Sep 14, 2006 11:15 am) I think you first got ripped off on the purchase price. I think you paid around $2,500~$3,000 over invoice. Secondly, I think they charged you money factor of 0.00209. I would report to BMW customer service. I think you definitely have a case on Logic7 that they lied to you. When BMW calls you for a customer survey, if you respond negatively, the salesperson will not be eligible to receive 'Honors' status, and this will prevent him from getting perks such as free bmw lease among others. It will also affect the whole dealership as well and I heard they will get hit on kickbacks.
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Replying to: montecristo (Sep 14, 2006 9:19 pm) |
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Hi Car man, I just wanted to share the details on a lease deal I just got on a 550i in New Jersey and wanted to get your thoughts on how I did. Specifics are below: 2007 550i Selling price - 500 over invoice Money factor - .00195 Residual value - 73% (2 year lease, 10K per year) Payment worked out to $734.46 per month as I chose to pay taxes and motor vehicle fees upfront. Could you let me know your thoughts? Thanks!
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Replying to: bmwfan5 (Sep 15, 2006 2:59 pm) I got a 3 year lease quote on a 525xi at two central NJ dealers for approx. $750/month. I laughed at them! |
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Replying to: cfopv (Sep 15, 2006 4:43 pm) |
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Replying to: noleguy (Sep 11, 2006 9:03 am) One thing that I know for certain is the money factor that you are being charged for your 5-Series is way too high. BMW Financial Services' current buy rate lease money factor for a 36 month lease of this car is only .00160 with the payment of a security deposit at lease signing. Make sure that the dealer you are working with uses this money factor to calculate your car's monthly payment. Also, BMW FS' base acquisition fee is only $625, so this aspect of your deal is being marked up as well. Overall, I am not very impressed with this offer. Car_man Host Prices Paid Forum |
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