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View Full Version : Lease 2007 now or wait for 2008 ? (5 series)


fastdunn
03-18-2007, 02:58 AM
More dealers are claiming I should pay MSRP for 2007 5-series models
because there are not many...

I'm considering a lease. Right now MF and residuals are good but
dealers do not seem to be willing to negotiate the price.

Should I just wait until 2008 models come out ?
Some dealers (without 2007 5 series) claims it will be out in 3-4 weeks
and other dealers (with 2007 models) claims it won't be here until 3-4 months later...

krash
03-18-2007, 06:18 AM
More dealers are claiming I should pay MSRP for 2007 5-series models
because there are not many...

I'm considering a lease. Right now MF and residuals are good but
dealers do not seem to be willing to negotiate the price.

Should I just wait until 2008 models come out ?
Some dealers (without 2007 5 series) claims it will be out in 3-4 weeks
and other dealers (with 2007 models) claims it won't be here until 3-4 months later...


Dealers simply want to move product.

The local dealer here still has a lot of 525s and 530s on the lot.

By the way, this could explain why BMWUSA.COM hasn't been updated yet to reflect the 528/535.. A lot of dealers are still trying to unload the 525s and 530s.

Although they are not really dealing, I'd guess that you could get those cars at a relative bargain in terms of MF.

I need to wait anyway since my current lease isn't over. Plus, none of the cars on the lot are quite what I'm looking for anyway in terms of options, color/trim combinations, and overall package.

ks-man
03-18-2007, 08:31 AM
The dealers should definitely be willing to deal on a 2007. I was able to negotiate down on ordering a 2008 and the dealers all told me they could do a lot better on a 2007. They would much rather get rid of something in their inventory than taking away one of their builds for a brand new car.

If you know exactly what you want you can offer them a price and tell them to take it or leave it. You'd be surprised how badly they want to get rid of the 2007s before the 08s start arriving. Once they see you are a serious buyer/leaser they will negotiate. But let them know you won't even entertain the idea of a 2007 at MSRP.

rich/minn
03-18-2007, 08:36 AM
You should be able to deal on a 07. I would say no more than $500-$1,000 over invoice. Also the money factor should be considerably less on a 2007.
I got a showroom 2007, a month ago, with a couple hundred miles on it for $ 4,000 off msrp. The money factor was .120(.20 mark up)

sundstrom
03-18-2007, 07:00 PM
you should ABSOLUTELY be able to get a deal on an 07. i'm trying to decide between a 530xi that's $1500 over invoice or a loaded 07 550i executive demo that's $12k off MSRP.

i was gonna hold off for an 08, but they are being released without a program and base rates of .00320 so i'm gonna pass on it and wait to see what's ready in 09 or 2010 depending on which deal i go with.

Randy B12
03-18-2007, 07:17 PM
you should ABSOLUTELY be able to get a deal on an 07. i'm trying to decide between a 530xi that's $1500 over invoice or a loaded 07 550i executive demo that's $12k off MSRP.

i was gonna hold off for an 08, but they are being released without a program and base rates of .00320 so i'm gonna pass on it and wait to see what's ready in 09 or 2010 depending on which deal i go with.

Would you mind PM'ing me the info on the 550i's options and dealer if you choose not to go with it?

Thanks,
Randy B

TX535i
03-29-2007, 07:53 AM
As long as there is a car in the general area where you are, you should be able to get a decent deal. Someone told me it would be difficult to get a deal here in Houston since there were only a few '07's left, but I checked around at a few dealers here, and found the exact car I was looking for. I called around (actually, e-mailed) a few dealers to see what type of deal they were willing to do. One would only go a little below MSRP, so I kept checking. Another dealer was willing to deal on an invoice plus basis, and 4 days later I have my car.

fastdunn
03-29-2007, 03:04 PM
Well, I found a 07 that I want (525i base + steptronic only).

I paid, $625 aquisition, base money factor (0.00085) but $2000 over invoice.
I could probably do $1500 over invoice but this was hard to find color and option.
I also added "safe lease" to get a peace of mind driving a leased car but I'm not
sure if this was good decision or not.

I love this car. Somewhat low powered sometimes but I can always sports-shift
if I want more quick response. It has some luxury ride but unmistakably sharp
handling.....

Ugly Bear
03-29-2007, 09:12 PM
More dealers are claiming I should pay MSRP for 2007 5-series models
because there are not many...


BS. I made a deposit for the car back in February, but you see - deposit is 100% refundable. My car is to arrive this weekend, so I discussed lease rate with the dealer and got very good deal plus heavy discount on accessories. Just make sure they know you are ready to walk away.

Bart001
03-31-2007, 12:48 PM
This is the perfect time to get a great deal on leasing a 2007. If the dealer says they aren't dealing, they are just trying to smoke out a buyer who will believe them. $1500 over invoice, no premium to the base lease rate (0.0010 or less, depending on what BMW NA is actually offering) and no premium to the acquisition fee or whatever they call that one other fee, should be entirely do-able.

DO YOUR HOMEWORK. If you don't know what the BMW NA numbers are, the dealer may try to bump them and you'll never be the wiser until the deal is done.