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patnak1
04-18-2005, 06:53 PM
Hi

I don't have a good grasp on concept of lease and trying to see if this is a fair deal for this car:

05 545

premium sound package
sport package

negotiated price is: $59030

36mos lease 1200 miles per year ( I don't drive alot )
62% residual
money factor is .0014
down payment $2000
monthly payment $769

trying to decipher this info....if anybody could help, the advise will be greatly appreciated!!!

Mahalo (thanks in Hawaiian)

JB-From-FL
04-18-2005, 08:08 PM
Hi

I don't have a good grasp on concept of lease and trying to see if this is a fair deal for this car:

05 545

premium sound package
sport package

negotiated price is: $59030

36mos lease 1200 miles per year ( I don't drive alot )
62% residual
money factor is .0014
down payment $2000
monthly payment $769

trying to decipher this info....if anybody could help, the advise will be greatly appreciated!!!

Mahalo (thanks in Hawaiian)

Get the money factor down to .001 which is the buy rate and you will be good on the lease. make sure you are not paying more than $1800 over invoice, including "dealer fees". The dealer needs to print the invoice as it varies if there are MACO and training fees in differnt parts of the country.

whippet
04-18-2005, 08:55 PM
That's a great money factor!! The new 3 series is .032! They likely won't negotiate it though, nor the residual - they're set by the lender. The price of the car is all you can bargain on and with that high a residual, you'll have to get them down 1000 just to save 400 (plus tax and interest), so don't sweat it too much. Save your down payment, with that good a rate, why give them your $? You aren't saving much interest.

SergeyM
04-19-2005, 08:37 PM
Hi

I don't have a good grasp on concept of lease and trying to see if this is a fair deal for this car:

05 545

premium sound package
sport package

negotiated price is: $59030

36mos lease 1200 miles per year ( I don't drive alot )
62% residual
money factor is .0014
down payment $2000
monthly payment $769

trying to decipher this info....if anybody could help, the advise will be greatly appreciated!!!

Mahalo (thanks in Hawaiian)

You numbers do not add up. 12K miles residual value should be 61% not 62% (10K mjiles). It is not clear also what $2000 down payment means. Is it a real down payment (a.k.a. cap cost reduction) or we are talking the total drive-off cost. In NYC area the good price for car like yours would be $58,000 but market may be somewhat different in your neighborhood. In any case insist on .00100 MF. They are trying to mark it up 40%.

///M Rakete
04-19-2005, 08:51 PM
Also don't pay more then $625 for the lease acquistion fee. That's the buy rate. The dealer can mark it up $200.


You numbers do not add up. 12K miles residual value should be 61% not 62% (10K mjiles). It is not clear also what $2000 down payment means. Is it a real down payment (a.k.a. cap cost reduction) or we are talking the total drive-off cost. In NYC area the good price for car like yours would be $58,000 but market may be somewhat different in your neighborhood. In any case insist on .00100 MF. They are trying to mark it up 40%.

Ågent99
04-20-2005, 08:50 AM
Ask for the 0.001 MF. That is the going rate on 545is right now because BMW is trying to move these cars out to make room for the new 550is coming in the fall.

The fact that you are in Hawaii might make things, in general, more expensive for you (and the dealer) so it is tough to say. Numbers we give you here will be based on continental US stuff.

I am attaching a PDF that gives you MSRP and Invoice (wholesale) numbers for your car so you know EXACTLY what the dealer is charging you and you know EXACTLY what the dealer profit is.

$625 should be the acquisition fee as already stated. Any more and it is profit for the dealer. Usually, this fee is included in the CAP COST of the car. CAP COST is the final number used to calculate what your montly lease payment will be.

If you are leasing from BMW for the first time, they will want a $750 deposit.

Also, I believe BMW has a deal going right now where you get one lease payment waived (i.e. BMW will pay for it). Ask about it.

If you are putting very minimal miles on your car, get the lowest mileage allotment you can. I think someone mentioned 10,000 miles? This will increase your residual.

Basically, what you are doing is renting the car for 3 years from BMW. The base price of the car minus the residual is what you pay for the car over the 3 years...plus interest of course.

Good Luck!

arnolds
04-20-2005, 09:08 AM
Also, I believe BMW has a deal going right now where you get one lease payment waived (i.e. BMW will pay for it). Ask about it.
I think the extra lease payment deal only applies to Euro-delivery cars. :thumbup:

Ågent99
04-20-2005, 09:18 AM
I think the extra lease payment deal only applies to Euro-delivery cars. :thumbup:
Ah, I wondered about that. Thanks, Arn! See...I'm learning.... :D

You do one lease and then you become an expert-- :bustingup

Yes, I recently did a european delivery of my 545i. If you can muster this one, I highly recommend it. Look at the PDF I posted...you'll see that the "European Delivery" price will save you about 8% over the US price! Strong incentive but you'd better hurry on this if you want to do a ED on a 545i...time is getting tight....

patnak1
04-22-2005, 02:19 AM
thanks alot everyone for the detailed infos.


will get back to you with the results!!!!!!!!! :)

ChiefBlueBimmer
04-22-2005, 07:01 AM
I am new to this site but am also planning to lease a 2005 545i (much better deal than 2006 530i, and with 70 more horses in the bargain).

I was quoted a price of 3650 under sticker for a silver gray car with auto, nav, premium sound, and cold weather. For 15K miles, the residual is 59% (61% for 12K), and the money factor is 0.0010 (2.4%). As I currently own a 2004 330i, which I'm financing from BMW, I shouldn't have to pay the security deposit and still get the buy rate.

Hope this helps.

EuroBay
04-22-2005, 07:58 AM
Greetings all,

Agent99, I noticed you are located in San Jose.
I'd be grateful if you could let me know which dealer did you obtain ED through here in the Bay Area ?
I have been a lifelong Audi fan, but I am looking to make the leap to a 545i this year, before BMW introduces the new 545.
Any input would be greatly appreciated.
Thanks for providing the PDF attachment as well.

Cheers ! :)

Ask for the 0.001 MF. That is the going rate on 545is right now because BMW is trying to move these cars out to make room for the new 550is coming in the fall.

The fact that you are in Hawaii might make things, in general, more expensive for you (and the dealer) so it is tough to say. Numbers we give you here will be based on continental US stuff.

I am attaching a PDF that gives you MSRP and Invoice (wholesale) numbers for your car so you know EXACTLY what the dealer is charging you and you know EXACTLY what the dealer profit is.

$625 should be the acquisition fee as already stated. Any more and it is profit for the dealer. Usually, this fee is included in the CAP COST of the car. CAP COST is the final number used to calculate what your montly lease payment will be.

If you are leasing from BMW for the first time, they will want a $750 deposit.

Also, I believe BMW has a deal going right now where you get one lease payment waived (i.e. BMW will pay for it). Ask about it.

If you are putting very minimal miles on your car, get the lowest mileage allotment you can. I think someone mentioned 10,000 miles? This will increase your residual.

Basically, what you are doing is renting the car for 3 years from BMW. The base price of the car minus the residual is what you pay for the car over the 3 years...plus interest of course.

Good Luck!

Ågent99
04-22-2005, 09:09 AM
EuroBay,

I will PM you the information.

MacHalfy
04-30-2005, 02:19 PM
Ask for the 0.001 MF. That is the going rate on 545is right now because BMW is trying to move these cars out to make room for the new 550is coming in the fall.

The fact that you are in Hawaii might make things, in general, more expensive for you (and the dealer) so it is tough to say. Numbers we give you here will be based on continental US stuff.

I am attaching a PDF that gives you MSRP and Invoice (wholesale) numbers for your car so you know EXACTLY what the dealer is charging you and you know EXACTLY what the dealer profit is.

$625 should be the acquisition fee as already stated. Any more and it is profit for the dealer. Usually, this fee is included in the CAP COST of the car. CAP COST is the final number used to calculate what your montly lease payment will be.

If you are leasing from BMW for the first time, they will want a $750 deposit.

Also, I believe BMW has a deal going right now where you get one lease payment waived (i.e. BMW will pay for it). Ask about it.

If you are putting very minimal miles on your car, get the lowest mileage allotment you can. I think someone mentioned 10,000 miles? This will increase your residual.

Basically, what you are doing is renting the car for 3 years from BMW. The base price of the car minus the residual is what you pay for the car over the 3 years...plus interest of course.

Good Luck!
Your attachment refers to 2006 model year. If I were to go out and buy a 545i today, I would get the 2005 model year, right? I am confused as to what this pricing sheet covers.

arnolds
04-30-2005, 02:42 PM
Your attachment refers to 2006 model year. If I were to go out and buy a 545i today, I would get the 2005 model year, right? I am confused as to what this pricing sheet covers.

The pricing sheet includes the 2005 545i. The 530 and the 525 are now 2006 models with the upgraded engines. The 545 remains a 2005 until October when the 2006 550 is introduced.

AS for lease deals, it refers to the low money factor and high residual being offered by BMWFS. Go to the Ask-A-Dealer forum to see the rates for April. Rumor has it that the residual will down another 2% in May so you have to jump on this deal soon.