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E60 (2004 - 2010)
BMW 5-Series (E60 chassis) was first seen in the Unites States in the fall of 2003 with a 2004 Model Year designation. The E60 is now available as a 528i, 528xi, 535i, 535xi, 550i and a 535xi sports wagon! -- View the E60 Wiki

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  #1  
Old 04-18-2005, 06:53 PM
patnak1 patnak1 is offline
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NuB Question 545 lease question

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)
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  #2  
Old 04-18-2005, 08:08 PM
JB-From-FL JB-From-FL is offline
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Mein Auto: 2001 530i
Dealer needs to reduce MF

Quote:
Originally Posted by patnak1
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.
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  #3  
Old 04-18-2005, 08:55 PM
whippet whippet is offline
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Mein Auto: 06 330i ZPP, ZSP, 6M
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.
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  #4  
Old 04-19-2005, 08:37 PM
SergeyM SergeyM is offline
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Quote:
Originally Posted by patnak1
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%.
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  #5  
Old 04-19-2005, 08:51 PM
///M Rakete's Avatar
///M Rakete ///M Rakete is offline
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Also don't pay more then $625 for the lease acquistion fee. That's the buy rate. The dealer can mark it up $200.


Quote:
Originally Posted by SergeyM
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%.
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  #6  
Old 04-20-2005, 08:50 AM
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Ågent99 Ågent99 is offline
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Location: Bay Area, CA
 
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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!
Attached Files
File Type: pdf E60.pdf (15.3 KB, 158 views)

Last edited by Ågent99; 04-20-2005 at 09:20 AM.
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  #7  
Old 04-20-2005, 09:08 AM
arnolds's Avatar
arnolds arnolds is offline
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Quote:
Originally Posted by Ågent99
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.
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Last edited by Ågent99; 04-20-2005 at 09:20 AM.
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  #8  
Old 04-20-2005, 09:18 AM
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Ågent99 Ågent99 is offline
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Location: Bay Area, CA
 
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Quote:
Originally Posted by arnolds
I think the extra lease payment deal only applies to Euro-delivery cars.
Ah, I wondered about that. Thanks, Arn! See...I'm learning....

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

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....
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  #9  
Old 04-22-2005, 02:19 AM
patnak1 patnak1 is offline
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Mein Auto: 04 330ZHP, 91 325i
thanks alot everyone for the detailed infos.


will get back to you with the results!!!!!!!!!
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Step Auto
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Fold Down Rear Seat

* 91 BMW 325i
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  #10  
Old 04-22-2005, 07:01 AM
ChiefBlueBimmer ChiefBlueBimmer is offline
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Location: New Jersey
 
Join Date: Apr 2005
Posts: 11
Mein Auto: 2005 BMW 545
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.
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  #11  
Old 04-22-2005, 07:58 AM
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EuroBay EuroBay is offline
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Location: Redwood Shores
 
Join Date: Apr 2005
Posts: 125
Mein Auto: 2009 528i
Red face 2005 545 - SF Bay Area Dealer Recommendations ?

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 !

Quote:
Originally Posted by Ågent99
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!
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  #12  
Old 04-22-2005, 09:09 AM
Ågent99's Avatar
Ågent99 Ågent99 is offline
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Location: Bay Area, CA
 
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Mein Auto: Trek 6500 MTB
EuroBay,

I will PM you the information.
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  #13  
Old 04-30-2005, 02:19 PM
MacHalfy MacHalfy is offline
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Location: San Francisco
 
Join Date: Apr 2005
Posts: 8
Mein Auto: 545
Is this price list 2005 or 2006?

Quote:
Originally Posted by Ågent99
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.
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  #14  
Old 04-30-2005, 02:42 PM
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arnolds arnolds is offline
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Quote:
Originally Posted by MacHalfy
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.
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