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2010 2011 BMW 5 Series Forum F10 2011 550 Lease deal? Hot or cold? |
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10-04-2010, 11:18 PM | #1 |
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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? |
10-05-2010, 06:22 AM | #2 |
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Sounds good to me!
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10-06-2010, 06:33 AM | #4 |
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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.
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10-07-2010, 02:57 PM | #7 |
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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.
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10-08-2010, 05:14 AM | #8 |
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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.
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10-08-2010, 06:49 AM | #9 | ||
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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.
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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.
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