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  #1  
Old 11-25-2012, 04:47 PM
sean86 sean86 is offline
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Location: Philadelphia pa
 
Join Date: Aug 2011
Posts: 111
Mein Auto: 2013 535 Xdrive Msport
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 ?
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  #2  
Old 11-26-2012, 11:55 PM
oneon3putts oneon3putts is offline
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Location: Los Angeles
 
Join Date: Nov 2006
Posts: 131
Mein Auto: 2013 535
Quote:
Originally Posted by sean86 View Post
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...
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2013 535i ED: 12/7/12
2010 550i ED: 2/15/10 Retired
2008 550i Retired
2006 530i Retired

Last edited by oneon3putts; 11-26-2012 at 11:59 PM.
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  #3  
Old 11-27-2012, 09:21 AM
xofruitcake xofruitcake is offline
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Location: California
 
Join Date: Jul 2010
Posts: 111
Mein Auto: DSB 13 535 DSB 14 Z4 35is
Quote:
Originally Posted by oneon3putts View Post
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.
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  #4  
Old 11-27-2012, 01:54 PM
oneon3putts oneon3putts is offline
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Location: Los Angeles
 
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Mein Auto: 2013 535
Quote:
Originally Posted by xofruitcake View Post
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.
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2013 535i ED: 12/7/12
2010 550i ED: 2/15/10 Retired
2008 550i Retired
2006 530i Retired
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  #5  
Old 11-27-2012, 04:58 PM
stormace stormace is offline
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Location: bay area
 
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Posts: 177
Mein Auto: f01, fx35, f10
What is the difference to take rebates as cap reduction vs drive off?
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  #6  
Old 11-27-2012, 06:08 PM
oneon3putts oneon3putts is offline
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Location: Los Angeles
 
Join Date: Nov 2006
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Mein Auto: 2013 535
Quote:
Originally Posted by stormace View Post
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...
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2013 535i ED: 12/7/12
2010 550i ED: 2/15/10 Retired
2008 550i Retired
2006 530i Retired
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  #7  
Old 11-28-2012, 03:21 PM
stormace stormace is offline
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Location: bay area
 
Join Date: Oct 2004
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Mein Auto: f01, fx35, f10
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?
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ED on 3.30.07 |'07 335i coupe|BlackSapphire|CoralRed|Nav|Comfort|Sports|Pr emium
Redelivered, Reunited! 5.24.07
2013 F10 535i|TiAg|BlackDakota||Tech|MSport|Premium|Multi Contour|Hifi|Rearview Camera|PDC
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  #8  
Old 11-28-2012, 10:13 PM
oneon3putts oneon3putts is offline
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Location: Los Angeles
 
Join Date: Nov 2006
Posts: 131
Mein Auto: 2013 535
Quote:
Originally Posted by stormace View Post
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.
__________________

2013 535i ED: 12/7/12
2010 550i ED: 2/15/10 Retired
2008 550i Retired
2006 530i Retired

Last edited by oneon3putts; 11-28-2012 at 10:24 PM.
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  #9  
Old 11-29-2012, 04:04 AM
sean86 sean86 is offline
Officially Welcomed to the 'Fest
Location: Philadelphia pa
 
Join Date: Aug 2011
Posts: 111
Mein Auto: 2013 535 Xdrive Msport
Quote:
Originally Posted by oneon3putts View Post
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
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  #10  
Old 11-29-2012, 12:32 PM
oneon3putts oneon3putts is offline
Officially Welcomed to the 'Fest
Location: Los Angeles
 
Join Date: Nov 2006
Posts: 131
Mein Auto: 2013 535
Quote:
Originally Posted by sean86 View Post
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.
__________________

2013 535i ED: 12/7/12
2010 550i ED: 2/15/10 Retired
2008 550i Retired
2006 530i Retired

Last edited by oneon3putts; 11-29-2012 at 12:34 PM.
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