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BMW 5-Series Lease Questions

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

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

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#888 of 2005 Re: Where to go from here on 530i lease [dhanley] by wth3 Oct 26, 2006 (7:45 pm)
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. Replies to this message: dhanley (Oct 26, 2006 8:43 pm)
#889 of 2005 Re: Where to go from here on 530i lease [wth3] by dhanley Oct 26, 2006 (8:43 pm)
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)
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 Replies to this message: Car_man (Oct 29, 2006 6:35 am) armitagemike (Oct 31, 2006 7:59 pm) rosie108 (Nov 02, 2006 7:40 pm) and 4 more... Car_man (Nov 07, 2006 3:42 am)
#891 of 2005 Re: Lease '06 now or wait for '07 [shap1] by Car_man HOST Oct 29, 2006 (6:03 am)
Replying to: shap1 (Oct 09, 2006 8:30 am) That is a very good question, shap1. Normally I do not advocate terminating existing leases early to get a new vehicle. However, BMW has a very attractive lease program on the 2006 X5 right now. It is difficult to say how long BMW will continue to offer lease support on this truck. It's current lease program is scheduled to run through October 31st. I would not be surprised if BMW continued to offer an attractive lease program on the '06 X6 in November and December. Your best option would be to lease a leftover 2006 X5 at an attractive rate in December, but there is no guarantee that this lease program will be available then. I can guarantee that the 2007 X5 will be a lot more expensive to lease when it finally arrives at dealers than the 2006 X5 is now.   Given the attractive money factors that BMW is providing on the 2006 X5 right now, there's nothing wrong with rolling your current truck's existing payments into the cap cost of your new lease, other than the fact that you are wasting the last two months of your current lease.   Car_man Host Prices Paid Forum
#892 of 2005 Re: 550i Lease Infor for OCtober [strataprop] by Car_man HOST Oct 29, 2006 (6:04 am)
Replying to: strataprop (Oct 09, 2006 7:00 pm) You're very welcome, strataprop.   Car_man Host Prices Paid Forum
#893 of 2005 Re: New October Residuals & Money Factors [bbmertz] by Car_man HOST Oct 29, 2006 (6:09 am)
Replying to: bbmertz (Oct 15, 2006 3:30 pm) Hi bbmertz. You should be able to use seven multiple security deposits to lower the 530i's money factor if you want to. Dealers do not have the authority to waive BMW FS' $625 acquisition fee, but they are allowed to mark it up to add hidden profit to deals, so make sure that you don't pay more than that. I don't believe that dealers can waive the disposition fee either.   Car_man Host Prices Paid Forum
#894 of 2005 Re: 550i Lease Infor for OCtober [tayl0rd] by Car_man HOST Oct 29, 2006 (6:11 am)
Replying to: tayl0rd (Oct 16, 2006 9:20 am) I am 100% positive that the money factor that I quoted you is correct, tayl0rd. What rate did the dealer you are working with quote you? Chances are that they are lying to you about this car's base money factor so that they can mark its money factor up to add additional hidden back-end profit to your deal.   Car_man Host Prices Paid Forum Replies to this message: tayl0rd (Oct 30, 2006 7:15 am) dhanley (Oct 30, 2006 7:28 am) tayl0rd (Oct 30, 2006 7:38 am)
#895 of 2005 Re: 2007 550i - great lease program now [kindzcar] by Car_man HOST Oct 29, 2006 (6:13 am)
Replying to: kindzcar (Oct 19, 2006 5:03 am) Hey kindzcar. BMW Financial Services' current lease program is scheduled to run through October 31st. It is difficult to say what its new November lease program will look like, but I suspect that BMW will try to maintain a similar level of lease support to what it is currently providing on model models.   Car_man Host Prices Paid Forum
#896 of 2005 Re: BMW 5-Series: Lease Questions [gfontenot] by Car_man HOST Oct 29, 2006 (6:18 am)
Replying to: gfontenot (Oct 20, 2006 2:49 pm) Hi gfontenot. Let me begin by saying that $4,000 is way too much money to put down when leasing. You can and should lease any vehicle that you are interested in without making any sort of capitalized cost reduction. I always advise community members against making down payments on leased vehicles mainly because if your leased vehicle is totaled in an accident or stolen and never recovered, your down payment essentially disappears. If you have the money to make a down payment and want a lower monthly payment on the vehicle that you are interested in, you would be better off using that money to make additional security deposits. BMW Financial Services provides consumers with a reduction .00007 of in their vehicles' money factors for each additional deposit that they make, up to a maximum of seven. The beauty of making additional deposits on leased vehicles is that unlike down payments, you actually get them back at lease-end.   I would be happy to give you my opinion on this lease, but you never mentioned the exact car that you are interested in or its MSRP. These numbers will help me give you a detailed opinion of this deal. Let me know and I'll tell you what I think.   Car_man Host Prices Paid Forum
#897 of 2005 Re: 2007 530i - What are my parameters? [carnutfan] by Car_man HOST Oct 29, 2006 (6:21 am)
Replying to: carnutfan (Oct 24, 2006 4:00 pm) Hello carnutfan. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 530i with 15,000 miles per year are .00100 and 60%, respectively. Stop by the following discussion to get an idea of how much you should pay for this car right now: "BMW 5-Series: Prices Paid & Buying Experience".   Car_man Host Prices Paid Forum

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