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F10 / F11 (2011 - Current)
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  #1  
Old 03-27-2013, 04:29 AM
nick006 nick006 is offline
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Location: tampa
 
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Mein Auto: bmw 535
2013 535i Lease deal

I am trying to lease 2013 535i for 36 month with 12K miles per year.

Currently this is what I was offered:

5k down 12k miles per year, 592.00 including tax. selling price is 58000.00 less 2250.00 for lease cash and loyalty rebate, plus 599.95, plus tag transfer.

2013 Bmw 535 m sport pkg, premium pkg, technology pkg. msrp is 61,195.00

Is this is a good deal?

Thank you for your time.

Nick
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  #2  
Old 03-27-2013, 07:42 AM
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hufington hufington is offline
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Why are you putting 5K down on a lease? You can get a similar deal with no money down. try to negotiate the same monthly payment with no money down. The montly rate may be slightly higher but a better deal at the end. Good luck.
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  #3  
Old 03-27-2013, 09:44 AM
m6pwr m6pwr is offline
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I think this has been posted here before, but before anyone can evaluate a lease and compare it to others, you have to know certain standard elements of any lease: msrp, agreed upon selling price, cost reductions (including incentives), % residual (set by mfr, should never vary but is different for different annual mileages), money factor (more or less the same as interest rate; sometimes varies according to your credit rating). You should be able to get all these figures from your salesman before the lease is agreed upon. You can plug all these figures into a simple online calculator to arrive at monthly payment (including your State sales tax): http://www.leaseguide.com/calc.htm. I haven't kept up on all these elements but you can get an idea of what's current by going over to this forum: http://f10.5post.com/forums/forumdisplay.php?f=312.

Generally, it is not a good idea to put money down on a lease. This is just paying rent in advance. Instead you may be able to achieve the same result (lower monthly payment), by paying in multiple security deposits at the beginning of the lease. I believe bmw allows you to put up to 7 deposits. The standard deposit I believe is $650. BMW will lower your money factor by a certain figure for each deposit (I can't remember the number right now). Thus you get a lower monthly payment. The advantage is that you can get the deposits back at lease end or if you sell the car during the lease (lease buyout).

I don't understand the bit about $599.95 tag transfer. When you take delivery of a car being leased you pay certain one-time drive-off costs or lease inception fees. Typically this figure includes the first month's payment, a bank fee set by bmw ($725 but some dealers inflate this to $925), initial State property tax, if any, State sales tax on any cost reductions (this includes mfr incentives), and your standard State dmv titling and tag costs. You should also be able to get an accurate breakdown of estimated drive-off costs from your salesman before you enter into the lease. This would probably come out to $2000-2500 on most 535's.

Last edited by m6pwr; 03-27-2013 at 10:09 AM.
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  #4  
Old 03-28-2013, 08:40 AM
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miamiboyca miamiboyca is offline
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Quote:
Originally Posted by m6pwr View Post
I think this has been posted here before, but before anyone can evaluate a lease and compare it to others, you have to know certain standard elements of any lease: msrp, agreed upon selling price, cost reductions (including incentives), % residual (set by mfr, should never vary but is different for different annual mileages), money factor (more or less the same as interest rate; sometimes varies according to your credit rating). You should be able to get all these figures from your salesman before the lease is agreed upon. You can plug all these figures into a simple online calculator to arrive at monthly payment (including your State sales tax):
+1
Do you know what the actual sales price of the car? This looks like you are getting it MSRP and then discounting the incentives. The sales price of the car should be (MSRP - Discount on MSRP)- Incentives.

Go to BMWCONFIG.COM and build your car out to see what invoice and MSRP are for your car. Post that detail as well - we are here to help but you have to provide the information. Good luck.

You could also just contact a sponsor like Greg P, order your car exactly like you want it and pick it up in SC BMW Performance Center which is just a short drive away. You will get better pricing and less hassle.
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