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BMW 5-Series Lease Questions

2005 messages,  Last post on Oct 06, 2008 at 9:50 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? BMW 5 Series, Car Leasing, Sedan, Wagon


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#881 of 2005
Re: Where to go from here on 530i lease [lklein1] by kyfdx HOST
Oct 25, 2006 (9:06 am)
Reply

Replying to: lklein1 (Oct 25, 2006 8:55 am)

Cincinnati and Louisville are closer than Chicago... Dayton, as well...
 
A lot of choices..
#882 of 2005
Re: lease [dhanley] by tayl0rd
Oct 26, 2006 (11:13 am)
Reply

Replying to: dhanley (Oct 23, 2006 11:00 am)

Leasing out of state is probably my only course of action. The only problem is, as someone above said, if I don't buy the car from them, I get no loaners. If they won't even give me a loaner for not buying from them, I can only imagine the horrible service I will receive from them. I suspect they'd try to rabbit-ear my pockets every time I went in. Good thing about that free maintenance, huh? Maybe they'd make me pay for the snacks in the waiting room.
#883 of 2005
Re: Where to go from here on 530i lease [dhanley] by lklein1
Oct 26, 2006 (11:40 am)
Reply

Replying to: dhanley (Oct 25, 2006 8:20 am)

Thanks for all the feedback everyone. I have verbally accepted an offer from my local dealer after dealing w/ other dealers in Chicago and Kentucky. Most importantly the local dealer matched the verbal trade I was given in Kentucky for my Range Rover. I'll post transaction details for others once I take delivery and know I'm not being jacked around.
#884 of 2005
Re: lease [tayl0rd] by dhanley
Oct 26, 2006 (12:33 pm)
Reply

Replying to: tayl0rd (Oct 26, 2006 11:13 am)

I imagine that if you show them the lease offer from another distant dealer, they will be more prone to play ball. And, as i said, you can always pull the "what shouldn't i just get a lexus?" line as well."
 
Just use some of the good quotes that have already been posted on this list...
 
Whenever i've been car shopping being noncomittal and clearly shopping around has always worked for me.
 
Even talking to another salesman or the sales manager could help.
#885 of 2005
Re: lease [dhanley] by tayl0rd
Oct 26, 2006 (12:56 pm)
Reply

Replying to: dhanley (Oct 26, 2006 12:33 pm)

How reliable are those money factor numbers you got from Bimmerfest? Did it come from BMW? Is it actually for the month of Oct. 2006? I'm just flabbergasted that my dealer is marking up the MF so much. I mean, over the course of the lease, it would be upwards of $3,000!
#886 of 2005
Re: lease [tayl0rd] by dhanley
Oct 26, 2006 (2:47 pm)
Reply

Replying to: tayl0rd (Oct 26, 2006 12:56 pm)

They are reliable and for october--many people on the forums have gotten great leases by just using the numbers.
#887 of 2005
Re: 2007 530i - What are my parameters? [carnutfan] by carnutfan
Oct 26, 2006 (7:39 pm)
Reply

Replying to: carnutfan (Oct 24, 2006 4:00 pm)

I went back to another dealer and got the .00100 rate, with a monthly lease payment of 691 on a 15k/year, 36 month lease with 2625 drive off.
 
dhanley was right. The dealer's buy rate is the above and just a little pressure was all it took, so my payment went down over 50 dollars a month.
#888 of 2005
Re: Where to go from here on 530i lease [dhanley] by wth3
Oct 26, 2006 (7:45 pm)
Reply

Replying to: dhanley (Oct 24, 2006 9:19 pm)

I just received two quotes on a 530i today from a request from the internet. The dealers are both located in suburbs of Chicago. I have not been into the showroom to look at the cars yet I just researched them on the internet. So if anyone knows if these quotes are a good deal please let me know. I am waiting for two more quotes tomorrow and hope to complete the deal over the weekend.
 
Westmont, IL
 
530i with premium & cold weather package.
 
  $50,020 vehicle price
     $625 acq. fee
   $57.33 doc fee
$3,755.80 7.75% full tax is paid in Illinois
= $54,458 net adjusted cap cost
$31,212 is the residual 60%
.0014 is the money factor
36 months
15,000 miles
$765.66 is the monthly payment
 
Down Payment includes
80.00 Plates
25.00 Electronic plate transfer
800.00 security deposit
765.66 1st payment
= $1,670.66 down payment
 
One thing I am not sure of is the taxes are rolled in up top. If you calculate them last you save around $5.00 per month. I do not know what is standard.
 
Orland Park
 
530i with premium & cold weather package.
 
  $50,020 vehicle price
     $825 acq. fee
   $57.33 doc fee
= $50,902 net adjusted cap cost
$31,212 is the residual 60%
.0014 is the money factor
36 months
15,000 miles
$771.50 is the monthly payment
 
Down Payment includes
80.00 Plates
350.00 Disposition fee
800.00 security deposit
$771.50 1st payment
= $2,001.50 down payment
 
Hope this helps, if anyone has any comments they would help.
#889 of 2005
Re: Where to go from here on 530i lease [wth3] by dhanley
Oct 26, 2006 (8:43 pm)
Reply

Replying to: wth3 (Oct 26, 2006 7:45 pm)

Both are bad deals.
 
1) Paying sticker
 
2) They marked up the money factor.
 
3) Disposition fee is at the end of the lease, and it is often waived, if you buy/lease another BMW. Do _not_ pay it up front.
 
So:
 
1) Make them lower the factor to .0010
 
2) Haggle to between invoice & sticker
 
3) Make six extra secutity deposits. This will lower your MF to .00058, and you get them back at the end of the lase. Good investment.
 
Based on that, i get $651/mo if you roll illinois tax into the cap cost.
 
You might want to buy down the cap cost by a few dollars to get your payment under 650 so your security deposits will be $650 instead of $700.
 
Really, you guys are making me jealous, i'm wondering if i should stand by my decision to get a 335i coupe.
#890 of 2005
Re: Lease for BMW 530xi [Car_man] by armitagemike
Oct 28, 2006 (5:36 am)
Reply

Replying to: Car_man (Oct 09, 2006 2:58 am)

Car Man:
 
Does BMW have a 39 month 36,000 mile option (with money factor and residual) or a 48 month 48,000 mile option (with money factor and residual) that I can evaluate? Monthly payments too high on 36 month leases.
 
Also, any update on the November numbers (money factors and residuals) for all 5 series cars for 36 month 12,000 miles, and longer lease term leases! Thanks!. Getting numbers from Dealers is like pulling teeth - on an elephant!
 
Thanks
 
Armitage Mike

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