Is this a good lease deal for 2013 535i
 

Guys can the more informed than me break down this lease for me as in this is a good or bad or even a great deal. This is for a 2013 535i

Thanks for your input .. This deal is for 15k Miles/ 36M

MSRP 66,945

SALE PRICE 62,665

REBATES $2750

NET $59,915

RESIDUAL 57%

MF 0.00076 ( WITH 7 SECURITY DEPOSIT )

TOTAL WITH PA TAX ($61.50/MONTH) $744.80 /MONTH FOR 36 MONTHS


Should i pull the trigger or i can get a better deal ?

What's the amount over invoice? Are you using the rebates as cap cost reduction or drive off? What is rolled into the cap cost? You should ask for $500 - $1k over invoice, buy rate, and $725 inception fee. I know it depends on the local competition. But just to give you an idea, I'm doing an ED my 535i has MSRP of $79,970, at $500 over invoice, inception and doc fees rolled into the cap and taking the rebates at drive off with max MSDs, $0 cap cost reduction...My payment is $866.55. I know it's ED, but if I took delivery here in the States, my payments would be about $100 higher. Looks like you're getting the buy rate with the 7 MSDs that you're quoting. Know all the numbers including the local market to determine if you're getting a good deal...

I looked at ED for a few times and can never pull the trigger. ED come with a price also. The time, plane ticket and hotel cost in Europe to pick up the car. The additional money factor. And the fact that we won't have the car 6-8 weeks when the car is in transit (even thought BMW picked up one monthly payment). So the money payment of ED look very good but depending on how one value the rest of it.. ED may come out ahead or behind a regular transaction.

Those are all good points. My 1st class ticket is paid for by points, and hotels are paid via priceline, some savings there. However, I'm not doing ED from the savings aspect. The experience is awesome, and this will be my 2nd ED. And I think if you go checkout the ED forum, you'll see most people talk about the experience rather than the savings.

What is the difference to take rebates as cap reduction vs drive off?

Cap cost reduction (down payment) lowers the monthly payment. While taking it at drive off lowers your total drive off (1st payment, MSDs, registration, cap cost reduction (and taxes), inception (if you don't roll it into the cap). I personally like to take it at drive off...

So if the rebates lowers your drive off below the msd, meaning if a drive off of say 4700 with 3150 of msd, but with the rebates it lowers it to 2800. Does bmwfs return 2800 back or 3150 at the end of the lease?

BMW returns your TOTAL security deposit, minus excess charges. Think of it as your money...My rebates are $3,250, total drive off of $7,751.30, MSD of $6,300.00. I will get $6,300 back, total out of pocket $4,501.30 at drive off.

My invoice on the car is $61,165.

My drive off is $7100. But i can take the rebate off cap or drive as i may please.

Also my inception fees are a little high at $800 but includes GAP insurance.

Do you think i should pull the trigger on this lease ?

Thanks for your help

Yes, you can take the rebate as cap reduction or at drive off. Amount over invoice? So what's the total cap cost? Is the inception included in the cap? GAP is included on all BMWFS lease contracts. Aim for $500 - $1k over invoice, buy rate, and $725 inception...I know a couple of those variables are market driven, but you get the idea.

For instance, my purchase price was $500 over invoice, and I rolled the inception and doc fees into the cap. Thus my total cap cost includes the inception and doc fees. I decided to roll both fees into the cap because they are taxed...If they were not taxed, I would have payed those fees at drive off because they are taxed once they are rolled into the cap cost.