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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 05-06-2006, 12:18 AM
ed94080 ed94080 is offline
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Location: SF Bay Area
 
Join Date: May 2006
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Mein Auto: 2001 Mercedes CLK 55 AMG
ED of 2007 550i

Hello,

I'm a former BMW owner (a 1997 528i that I had purchased brand new from BMW of San Francisco in March of 1997). I have a couple of Mercedes and an Audi since and currently driving a CLK 55 AMG. I'm thinking of coming back to BMW (miss the handling, etc.)

Just so I understand ED correctly, let's say I wanted to ED a 2007 550i with the following equipment:

Base Wholsale Price: $49,510

Wholesale Options Price:

Steptronic: N/C
Sport pkg: $2550
Premium Sound $1640
Cold Weather pkg $685
Navigation $1640
Comfort Access: $910
Fold Down Rear Seats $430
SIRIUS Radio $540
HD Radio $455
Destination $695

+ say $1000 for the dealer preparing the ED paperwork, etc.

I get a total of:

$60,055

Does that include everything? (outside of sales tax, reg, etc etc.) Any other fees not accounted for above?

Also if I decide to lease it, can I still take advantage of these lease rates:

36 mo/15k mi – Residual Value 59% of MSRP – .00225 Base Money Factor Rate

One other question: If my goal was to have the car in hand by December of this year, when should I start the process?

Order in July?
Fly to Munich in October?
Delivery in SF Bay Area in early December?

Thanks in advance for all your help...

Best,
Ed
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  #2  
Old 05-06-2006, 12:45 AM
sjaroslo sjaroslo is offline
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Mein Auto: 2007 BMW 550i
Hi, Ed:

Based on my recent ED transaction, I think that you have a handle on things--you're starting with ED Wholesale and working up--that's the important thing. You included your destination so I don't believe that there are any other fees involved--assuming that you are not planning to drive more than 14 days in Europe (or 9 if dropping off in Italy). I leave on this Tuesday for my pickup!

I'm sorry that I can't help you with the lease information--that is beyond my comprehension!

My West coast dealer is counselling me to plan for 8 weeks from dropoff to delivery, so that there is minimal disappointment; I believe there is a thread where many people have contributed information on their timeline that might be worth perusing. BMW wants 3 months before pickup for your order (although I've heard that they can do it for less) so again your timeline sounds pretty spot-on.

It sounds as though you've spec'ed out a pretty sweet car.... I might suggest that you give some consideration to the Head's Up Display. I didn't think that I would be interested in it until I test drove a 550 with it--it is VERY cool! I especially think that it is a good buy since you're getting the Nav--Nav integrates with HUD and projects the driving instructions up on the windsheild in front of you and to me that will help a lot in being able to concentrate on getting to my destination without having to glance away to the Nav screen (although I guess there are spoken commands as well). Anyway, good luck with your plans.

Steve
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  #3  
Old 05-06-2006, 12:46 AM
sjaroslo sjaroslo is offline
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Duh--also meant to say that you might get better responses if you post in the European Delivery thread.
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  #4  
Old 05-06-2006, 09:05 AM
revlis240 revlis240 is offline
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Mein Auto: SC400, 330Ci, 550i
a 59% residual is terrible my friend.

consider doing a 24 month lease (it comes out to be MUCH cheaper) and write the lease at 10k and buy more miles mid lease (its also cheaper).

my residual was 73%.

anyway, my car also had a cap cost of $60,xxx and my payment is $850/mo after cali tax with $0 down. i had to pay the damn GGT because its a stick

Abe

EDIT: your ED assumptions are correct

Last edited by revlis240; 05-06-2006 at 09:08 AM.
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  #5  
Old 05-06-2006, 10:31 AM
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Ågent99 Ågent99 is offline
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As of May, the residual dropped to 59% from 60% for 3 year/15k leases!

However, for your timeframe, you still have to play the wait and see game as far as MFs/and Rs go for the car.

Revils, I'd like to see your numbers to support your claims about getting a 2 year lease and buying more miles. Do we/you know how much it costs to buy more miles and how all that works?

Also, look into MSDs and how this might impact a 2 yr vs. 3 yr lease. Interesting stuff.

Look near the stop of the sticky'ed posts in the Ask A Dealer forum in regards to MSDs.

Also, ed9, you will have an acquisition fee of anywhere from $625 to $825 added to your final cap cost for the lease. $625 is the minimum but BMWFS allows dealers to raise it a max of $200. Also, BMWFS allows dealers to raise the MF a max of 0.0004.

If you are interested, I can point you to a great dealer out of state that I deal with all the time. I'm not sure any dealer in the BA can beat him but it will cost you a trip to Oregon and drive down I5 to bring your baby back home! PM me.

You can lock your rates as far out as 60 days (90 days if timed correctly) but I would have my deal nailed down with my dealer a minimum of 2 months in advance but 3 might be better.

I'm doing an ED on September 4 and while I've informed my dealer about the car and colors, I still need to get him my option list...I plan to firm it up by mid June with him.

Your option list is darn close to mine. I am not sure about Comfort Access but I'd highly recommend HUD if you are getting NAV...BMW should just package the two together IMO. I'm also skipping the Prem Sound and just getting the Logic7--who needs a 6 disc changer anymore? I love the rear power sunshade (comes with manual ones for the rear door) since I have a 4 year old. You may skip this if you plan to tint but I don't plan to tint my windows as this can impact radar detectors, which you'll need in a 550i!

I'm also on the fence about active steering but I will most likely skip it.

There you go...PM if I can help you.
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2001 530i/5 (E39), Topaz Blue/Stone Green/Black (118k miles) *very rare interior/exterior color combo*
2005 545i/SMG (E60), ED Order, Titanium Grey/Grey (lease over)
2015 335i, ED Order Summer 2015
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  #6  
Old 05-07-2006, 08:40 PM
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GBPackerfan1963 GBPackerfan1963 is online now
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Mein Auto: 2007 550i, 2002 M5
EI v. Wholesale price

Is the EI and the "Confidential" wholesale price the same thing? I apologize if this is a dumb question. I'm just getting my research correct.
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ED pick-up 9/17/2014 2015 Yas Marina Blue M4~Black full Merino leather~Executive Package~Drivers Assistance Plus~Lighting Package~Adaptive M Suspension~19" Black Light-Alloy Style 437 wheels~Carbon Fiber trim~HK audio systems~6MT

Greta is for SALE. 2002 M5
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  #7  
Old 05-07-2006, 11:53 PM
ed94080 ed94080 is offline
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Location: SF Bay Area
 
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Mein Auto: 2001 Mercedes CLK 55 AMG
Thanks for the replies...

Thanks for the replies...

That clarifies/confirms some things... Also, I'm definitely thinking about swapping out comfort access for HUD. For some reason I thought comfort access gave you the push button start but I see that is standard. ~$1000 for not using the key fob to open the door and not deal with inserting the key fob in the car seems less worth it than the HUD. (though both the Mercedes and the Audi I had let you view Nav directions in the center console as well b/t the speedo and the tach...)

Not sure about buying miles mid way through the lease (I always thought this was more expensive then buying upfront (unless of course you don't use your full allocation of miles, etc.)

Reveils, can you clarify?

Agent 99, is your dealer in Oregon >$500 cheaper than a dealer in the Bay Area for ED?

Thanks again for all the help,
Ed
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  #8  
Old 05-08-2006, 01:02 AM
revlis240 revlis240 is offline
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Mein Auto: SC400, 330Ci, 550i
ok heres me clarification.

550i
MSRP 68645
Cap Cost 60630
Residual 0.73
Res Val 50110.85
Term 24
Moneyfac 0.0031
MoDep 438.2979167
MoInt 343.296635
Payment 781.5945517
Total 846.0761022
Miles: 10k

lets make it a 15k lease:

MSRP 68645
Cap Cost 60630
Residual 0.7
Res Val 48051.5
Term 24
Moneyfac 0.0031
MoDep 524.1041667
MoInt 336.91265
Payment 861.0168167
Total 932.050704


= $86/mo * 24months = $2064 for 10000 more miles total.

However, buy the miles mid lease at $.16/mile and the total is $1600, saving you about $500 total. + you only buy the EXACT amount of miles you need = even better.

at $70000, a 2% residual change is HUGE.

as far as 2 year vs 3 year leases go, right now with the residuals being so far apart, its obvious that getting a 2 year and extending it is better than a 3 year.

i forgot what this thread was about, but i paid $1k over ED invoice for my beast, and they made a few bucks on the back end because of my ****ty MF.

Abe
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  #9  
Old 05-08-2006, 01:02 AM
revlis240 revlis240 is offline
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Location: Socal
 
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Mein Auto: SC400, 330Ci, 550i
ed, dont make the same mistake i did.

forget the premium sound (its just a cd changer! damn it!!) and get logic 7

then get comfort access AND HUD and the difference is like $400

Abe

Last edited by revlis240; 05-08-2006 at 01:07 AM.
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  #10  
Old 05-08-2006, 05:59 AM
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Bart001 Bart001 is offline
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Posts: 1,477
Mein Auto: 2012 X5 35i Premium
Buying extra miles -- in my BMW NA lease it specifies that they cost 10 cents/mile so long as I buy them with more than 10 months remaining in my lease. After that, and at turn in, they are 18 cents/mile.

I drive almost 20k per year so I did an 18k per year lease and will buy some extra at 10 cents.
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  #11  
Old 05-08-2006, 02:07 PM
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Ågent99 Ågent99 is offline
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Location: Bay Area, CA
 
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Quote:
Originally Posted by revlis240
ok heres me clarification.

550i
MSRP 68645
Cap Cost 60630
Residual 0.73
Res Val 50110.85
Term 24
Moneyfac 0.0031
MoDep 438.2979167
MoInt 343.296635
Payment 781.5945517
Total 846.0761022
Miles: 10k

lets make it a 15k lease:

MSRP 68645
Cap Cost 60630
Residual 0.7
Res Val 48051.5
Term 24
Moneyfac 0.0031
MoDep 524.1041667
MoInt 336.91265
Payment 861.0168167
Total 932.050704


= $86/mo * 24months = $2064 for 10000 more miles total.

However, buy the miles mid lease at $.16/mile and the total is $1600, saving you about $500 total. + you only buy the EXACT amount of miles you need = even better.

at $70000, a 2% residual change is HUGE.

as far as 2 year vs 3 year leases go, right now with the residuals being so far apart, its obvious that getting a 2 year and extending it is better than a 3 year.

i forgot what this thread was about, but i paid $1k over ED invoice for my beast, and they made a few bucks on the back end because of my ****ty MF.

Abe
Okay, so buying more miles mid-lease is easy enough to figure out assuming the 16 cents/mile is accurate. Is that written anywhere on anyone's paperwork? Just wanna make sure...not that Abe here isn't pulling our legs or anything!

Now what is involved with extending a 2 year lease? Any extra fees/crap associated with this?

I've heard that BMWFS will let you extend a 3 year lease assuming they feel you are in good faith plan on or are in the midst of purchasing another BMW.

Just want some clarification to the new numbers I gotta run is all. Information...ACCURATE information is king here....
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2001 530i/5 (E39), Topaz Blue/Stone Green/Black (118k miles) *very rare interior/exterior color combo*
2005 545i/SMG (E60), ED Order, Titanium Grey/Grey (lease over)
2015 335i, ED Order Summer 2015
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  #12  
Old 05-09-2006, 12:40 AM
revlis240 revlis240 is offline
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Mein Auto: SC400, 330Ci, 550i
ill try and get some info to confirm all the #'s tomorra

Abe
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  #13  
Old 05-09-2006, 01:09 AM
ed94080 ed94080 is offline
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Mein Auto: 2001 Mercedes CLK 55 AMG
Abe,

thanks for the info regarding buying miles mid-lease. Definitely will consider this option instead... It appears that when you roll the miles in upfront you are also paying taxes on them, but I assume that the 16 cents per mile is not subject to sales tax either... an added bonus as well.

yes, you are all right probably don't need the CD changer... just logic 7 and hook up my iPod.

Another question, is there "additional ED lease" rider? there was a reference to this in another thread. do dealers bump up the money factor on ED leases?

so rather than .00225 its say .00255???

is that right??

Thanks again in advance.

Best,
Ed
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  #14  
Old 05-09-2006, 01:15 AM
revlis240 revlis240 is offline
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Location: Socal
 
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Mein Auto: SC400, 330Ci, 550i
oh man, prepare to get raped on the MF..heres my story

YES there is a rider, .30 (basically they say they "pay" for the 2nd month, but essentially, youre paying)

my MF: base .00225 + .30 (ed) + .15 (new bmwfs) + .40 profit

= .00310 MF for me.

oh well, a "good" MF would have lowered my payment $~30/mo but honestly the payments so damn high anyway another $30 wasnt gonna be a deal breaker

HTH
Abe
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  #15  
Old 05-09-2006, 08:23 AM
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Ågent99 Ågent99 is offline
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Quote:
Originally Posted by ed94080
Abe,

thanks for the info regarding buying miles mid-lease. Definitely will consider this option instead... It appears that when you roll the miles in upfront you are also paying taxes on them, but I assume that the 16 cents per mile is not subject to sales tax either... an added bonus as well.

yes, you are all right probably don't need the CD changer... just logic 7 and hook up my iPod.

Another question, is there "additional ED lease" rider? there was a reference to this in another thread. do dealers bump up the money factor on ED leases?

so rather than .00225 its say .00255???

is that right??

Thanks again in advance.

Best,
Ed
Yes, to whatever MF you and your dealer agree with, add 0.0003 to it as an "ED Adder". However, BMW does pay for the second month of your lease (that is when the car is in transit) so at the end of the lease, it is basically a wash.
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2001 530i/5 (E39), Topaz Blue/Stone Green/Black (118k miles) *very rare interior/exterior color combo*
2005 545i/SMG (E60), ED Order, Titanium Grey/Grey (lease over)
2015 335i, ED Order Summer 2015
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