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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 06-30-2005, 01:32 PM
remington's Avatar
remington remington is offline
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Here's the offer I just made for a new 545i...

Im 2 yrs into a 3 yr lease on a 325i but am ready for a bigger car. My dealer tells me I can get out of my current lease for abou $1200 difference between what I owe and what they will buy the car for. I put some thought into it overnight and faxed him this offer today:

2005 545i,premium pkg,steptronic,prem. sound, comfort seats, nav, sat. radio
cap cost:$57370 (that's $1500 over invoice by my calculations)
base money factor .0010
no cap cost reduction
residual 59%
36 months/36k miles

Do you think this is a fair offer? Think he will do it?
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  #2  
Old 06-30-2005, 01:55 PM
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hpowders hpowders is offline
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Nope. Once the salesman is in a position to do you a favor, you have essentially given up any bargaining leverage you may have had.
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  #3  
Old 06-30-2005, 02:04 PM
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remington remington is offline
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Quote:
Originally Posted by hpowders
Nope. Once the salesman is in a position to do you a favor, you have essentially given up any bargaining leverage you may have had.

I hear what you are saying but I don't see this as him doing me a favor. He simply looks up the current value of my car and compares it to what is owed on the lease and subtracts one from the other to give me what I would owe to end the lease. It is what it is. Is there more to it than that?
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  #4  
Old 06-30-2005, 02:18 PM
philippek philippek is offline
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After acquisition fee (which I am assume you would capitalize), you're giving him less than $1000 profit on a 545i. Not reasonable, IMO.
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  #5  
Old 06-30-2005, 02:20 PM
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Nick325xiT 5spd Nick325xiT 5spd is offline
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Quote:
Originally Posted by philippek
After acquisition fee (which I am assume you would capitalize), you're giving him less than $1000 profit on a 545i. Not reasonable, IMO.
I'd think that if the 545i is on the lot right now, they'd be pretty anxious to get it out the door before people insist on the 550.
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  #6  
Old 06-30-2005, 02:22 PM
philippek philippek is offline
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Quote:
Originally Posted by Nick325xiT 5spd
I'd think that if the 545i is on the lot right now, they'd be pretty anxious to get it out the door before people insist on the 550.
Depends on the inventory. Personally I've got 5 on the lot now (out of a total inventory of 600+), and a $900 deal on 545 wouldn't fly...even on the last day of the month.
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  #7  
Old 06-30-2005, 03:20 PM
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TGray5 TGray5 is offline
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Quote:
Originally Posted by remington
Im 2 yrs into a 3 yr lease on a 325i but am ready for a bigger car. My dealer tells me I can get out of my current lease for abou $1200 difference between what I owe and what they will buy the car for. I put some thought into it overnight and faxed him this offer today:

2005 545i,premium pkg,steptronic,prem. sound, comfort seats, nav, sat. radio
cap cost:$57370 (that's $1500 over invoice by my calculations)
base money factor .0010
no cap cost reduction
residual 59%
36 months/36k miles

Do you think this is a fair offer? Think he will do it?
Well, if he's going to eat your $1,200 deficit on the e46, then you are essentially offering him $300 profit....can't see that happening.
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  #8  
Old 06-30-2005, 03:26 PM
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remington remington is offline
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Mein Auto: 05 545i
Quote:
Originally Posted by TGray5
Well, if he's going to eat your $1,200 deficit on the e46, then you are essentially offering him $300 profit....can't see that happening.

No would be paying for the lease *****out myself.

I figured that $1500 for a couple hrs work was not bad especially since the 545i is about to be supplanted by a bigger output model, but based on the responses here I may be lowballing.
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  #9  
Old 06-30-2005, 08:53 PM
wedgehead98 wedgehead98 is offline
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Looks like a good deal to me...I just did about the same...

Just signed a deal tonight for a 2005 545i

Titanium Gray
Sport
Nav
Premium Sound
Cold Weather package - to keep my wife's butt warm - I guess
Rear Fold Down Seats
Rear Power Sunshade - didn't care about this...
HUD - didn't really want this, but pickin's are gettin' slim...
Sat Radio Prep
MSRP $66,270
Invoice $60,560
$5k down
$750/month 36 lease.
THat works out to either $1950 profit on .0010 MF or $1400 profit on .0012

Excited about my new car...will pick it up Saturday.

Turning in a 2003 330i - also pretty fully loaded. Just felt it was time to grow up...long freeway drives in a 3 series aren't the most comfortable! I have so much to learn now...had 2 3 series in a row and know them...did a bunch of DIY on them, too.
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  #10  
Old 07-01-2005, 08:54 AM
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remington remington is offline
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Mein Auto: 05 545i
Well I got the rate but had to pay more, not surprisingly. I don't mind, it was a fair deal. See my post above for my 'just got it!' message
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