2010 2011 BMW 5 Series Forum F10
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
 

2010 2011 BMW 5 Series Forum F10 BMW 5-Series (F10) Forums F10 Pricing, Ordering, and Tracking (and European Delivery) 2011 550 Lease deal? Hot or cold?
Post Reply
 
Thread Tools Search this Thread
      10-04-2010, 11:18 PM   #1
kormaster
Banned
2
Rep
44
Posts

Drives: POS car
Join Date: Oct 2010
Location: SOCAL

iTrader: (0)

2011 550 Lease deal? Hot or cold?

MSRP $65,125

SALE PRICE $61,525

36 MONTH LEASE
12,000 MILES/YEAR = 57% RESIDUAL
.00181 MONEY FACTOR W/ 7 MSD’S = $7000
TOTAL DRIVE OFF INC MSD’S = $9,576
$856.42 PLUS TAX = $939.92


this is a quote from a socal dealer.. didnt even negotiate. what do you guys think?
Appreciate 0
      10-05-2010, 06:22 AM   #2
LuvMyE92
Occasionally frequent poster
LuvMyE92's Avatar
2994
Rep
2,742
Posts

Drives: CT5V-Blackwing
Join Date: Jan 2008
Location: RTP NC, USA

iTrader: (0)

Sounds good to me!
__________________
Current inventory:
F22 & G05
Cadillac CT5-V Blackwing w/3 pedals
Past: E24,E28(3),E34,E36,E37,E38(2),E39(4),E46,E89,E92 (obviously),F01,F06,F10,F30,F87,G12,G30(2),G82(2)
Appreciate 0
      10-06-2010, 01:38 AM   #3
kormaster
Banned
2
Rep
44
Posts

Drives: POS car
Join Date: Oct 2010
Location: SOCAL

iTrader: (0)

thanks.. any other deals that you guy were quoted for a 550?
Appreciate 0
      10-06-2010, 06:33 AM   #4
LuvMyE92
Occasionally frequent poster
LuvMyE92's Avatar
2994
Rep
2,742
Posts

Drives: CT5V-Blackwing
Join Date: Jan 2008
Location: RTP NC, USA

iTrader: (0)

I was quoted 8 security deposits to get the lower MF, but then with just a 535 my payments will be a bit lower than yours. The dealer also marked-up the acquisition fee, which I thought was especially, um, RUDE. Fortunately I have a good SA and sales manager and they treat me well, so I'm not making a big deal out of it, but it does piss me off a bit. "We have to make a profit" he says, which is true, but can't they just make it on the price of the car? Eh, maybe I'll get some free floor mats or something...

Other than the MSDs, we can't negotiate terms of these leases (residual, etc.) so you need to work on the price of the car to make a difference. The SoCal market is different than the rest of the world, so I'm not sure what a fair markup is there these days. $1500 over invoice in the rest of the country would be considered a good deal. Better can be had, I'm sure, that's just a consistent number that I'm seeing pop up here on the board.
__________________
Current inventory:
F22 & G05
Cadillac CT5-V Blackwing w/3 pedals
Past: E24,E28(3),E34,E36,E37,E38(2),E39(4),E46,E89,E92 (obviously),F01,F06,F10,F30,F87,G12,G30(2),G82(2)
Appreciate 0
      10-07-2010, 11:12 AM   #5
kormaster
Banned
2
Rep
44
Posts

Drives: POS car
Join Date: Oct 2010
Location: SOCAL

iTrader: (0)

thanks for the feedback.. Im going to ask for the breakdown of "fees" on top of the car....
Appreciate 0
      10-07-2010, 02:16 PM   #6
Grizzles
Lieutenant
Grizzles's Avatar
No_Country
34
Rep
428
Posts

Drives: 2023 X5 M
Join Date: Sep 2007
Location: NNJ

iTrader: (0)

for another $500+/- per month 36 months you can own it. 0.9% deal.

$37,121 value in 36 months
Appreciate 0
      10-07-2010, 02:57 PM   #7
sequal
First Lieutenant
sequal's Avatar
22
Rep
328
Posts

Drives: BMW F10 2011
Join Date: Aug 2006
Location: NJ

iTrader: (0)

Garage List
2006 BMW 330i  [0.00]
yea u can but its 0.9% APR for only 36 months for the 5 which are hefty payments. anything longer is 3.9%... only the 3 series has 0.9% up to 5 years. look into the balloon payment plan too.
__________________
2011 - F10 Alpine White / Black Dakota Leather/
2006 -E90 330i Sparkling Graphite/Black Leather
2004 -E46 Bmw 330CI Black / Black Leather/ Sports
Appreciate 0
      10-08-2010, 05:14 AM   #8
delvek
Major
delvek's Avatar
Germany
32
Rep
1,134
Posts

Drives: 2014 550i Msport
Join Date: Apr 2010
Location: Tampa, FL

iTrader: (0)

Help me understand this, how is leasing better?

61525.00
-43,413.12 (9576+33,837)
18,111.88 left

Thats a boat load of money just to walk away from it in 3 years, surely a 3 year old 550 is worth a few bucks more then 18k!

I prefer to buy at the best rate I can get for up to 60 months, at the 3 year mark or so I will much less then you did and at the worst break even on selling it.

Also, with leases you worry about mileage, damage, every flipping thing is a heartache about turning it back in.

Unless there is some sort of business tax relief going on, even then idk, leasing always seemed to me to be a way for people to get into a car that they cant afford to buy which some may argue is why the economy is tanked.
__________________
2014 550i M-sport
Appreciate 0
      10-08-2010, 06:49 AM   #9
LuvMyE92
Occasionally frequent poster
LuvMyE92's Avatar
2994
Rep
2,742
Posts

Drives: CT5V-Blackwing
Join Date: Jan 2008
Location: RTP NC, USA

iTrader: (0)

Quote:
Originally Posted by delvek View Post
Help me understand this, how is leasing better?
Well, I can only speak for myself, but there is a certain comfort factor in knowing what the car is worth in 3 years, especially if you would like to buy another new car in 3 years. Plus, if the car is a total loss in an accident, or stolen, with a loan you're responsible for the difference between what the car is worth and the loan balance, in a BMW FS lease, they cover the difference. And at lease end, as long as any damages to the car fall into the normal wear & tear category, you won't be charged for anything. AND if you want to buy/lease another BMW, there are usually incentives from BMW to get you out of your current lease, rebates, etc.

Quote:
61525.00
-43,413.12 (9576+33,837)
18,111.88 left
You are forgetting that he gets the security deposit back. You also have to compare apples to apples, as with a loan, let's say a five year loan, after three years you'll likely still owe more on the car than what it's worth (assuming nothing down). Plus here in some of the states in the US (it varies) we have significant sales taxes. With a lease, you only pay sales tax on the payments, not the entire purchase price. That can be thousands of dollars.


Quote:
some may argue is why the economy is tanked.
That's more about buying more house than you can afford, but you make a good point. A lot of people use leases to buy more car than they can afford.

I got screwed on my 335 resale; after 30 months I sold it for roughly 58% of new MSRP, so figure that in 3 years it would have dropped another few points and be worth maybe 52%. And that's selling it myself - if I had traded it, we would be looking at a few more points. And this was a pristine low mileage car. It's just hard to compete, selling a used car when folks can buy a new one with 0.9% financing. So I rationalize the leasing of my new 5 (if it ever shows up) for protecting me from this kind of drop, like if the N55 has issues like the N54 did, for instance.

FWIW, generally like yourself, I prefer to buy.
__________________
Current inventory:
F22 & G05
Cadillac CT5-V Blackwing w/3 pedals
Past: E24,E28(3),E34,E36,E37,E38(2),E39(4),E46,E89,E92 (obviously),F01,F06,F10,F30,F87,G12,G30(2),G82(2)
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 12:08 PM.




5post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST