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F10 / F11 (2011 - Current)
The new chapter in the highly successful story of the BMW 5 Series Sedan (F10) and wagon (F11)

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  #1  
Old 11-11-2015, 07:30 PM
Gsc0429 Gsc0429 is offline
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Newbie lease deal 535 xdrive

I've been working thru the numbers but still not sure if I'm getting a good deal. Can you please help?

36 months / 10k

The 2016 535xi quote details:
MSRP: $63,945
Sales Price: $56,972.74
Residual: $38,367

Total due at signing includes:
First month payment: $595
Sales tax: $3440.50
Security deposits: $4200.00
Acquisition fee; $925
Doc fee: $369
DMV fee: $345
Tire fee: $6.00
Total: $9880.50

Thank you!
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  #2  
Old 11-11-2015, 09:12 PM
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ScottF10 ScottF10 is offline
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This looks like a freehold bmw deal. Yes, that is a good deal, especially with the security deposits which is a smart move.
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  #3  
Old 11-11-2015, 09:31 PM
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At Law At Law is offline
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Sounds to be a very good lease price.
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  #4  
Old 11-11-2015, 09:47 PM
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alewifebp alewifebp is offline
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I'd lump that tax in to the payment.
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  #5  
Old 11-12-2015, 04:59 AM
Gsc0429 Gsc0429 is offline
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Thanks so much for your responses. I was confused about the large tax payment upfront and wasn't sure if that was specific to NJ? It's better to lump in with monthly payments?
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  #6  
Old 11-12-2015, 05:48 AM
bmwe39lover bmwe39lover is offline
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yes

you don't pay tax up front you rent the vehicle and get to pay the tax over the term in the payment, i would try to get them to keep your payment at $625 including tax....
i would not pay 695 month including tax
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  #7  
Old 11-12-2015, 06:21 AM
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What's the MF they are offering? Dealer is allowed to mark up ... Make sure they are not.

% discount off list looks great for a 16. One thing to consider ... I just leased a 15 loaner w 3k miles on it. $64.5k list and I'm paying <$500/mo w taxes rolled in since cap cost was 20% discount vs list ($52.5k). I put 7 MSD down. I took what was in dealer lot to get that deal (white w beige and luxury package ... I would have preferred black/black w msport)
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  #8  
Old 11-12-2015, 06:22 AM
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Ask, In NJ do you pay tax in the full car vs payment?
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  #9  
Old 11-12-2015, 06:29 AM
Gsc0429 Gsc0429 is offline
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Thanks again for the replies. BMWe39lover can you please clarify how you came to those monthly figures in your response?

Bww I'll find out what factor is being used in their calculation.
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  #10  
Old 11-12-2015, 07:26 AM
BWW BWW is online now
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Quote:
Originally Posted by bmwe39lover View Post
you don't pay tax up front you rent the vehicle and get to pay the tax over the term in the payment, i would try to get them to keep your payment at $625 including tax....
i would not pay 695 month including tax
In illinois, sales tax is due upfront based on total payments (36*$509*7%). You can roll in to payment, but you are paying interest on it. With low interest/MF based on 7 MSD, I rolled taxes into my payment.

NJ taxes are on total payment amount.

Last edited by BWW; 11-12-2015 at 08:09 AM.
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  #11  
Old 11-12-2015, 07:48 AM
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Delete

Last edited by BWW; 11-12-2015 at 08:09 AM.
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  #12  
Old 11-12-2015, 07:59 AM
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I was guessing 7% sales tax in NJ. Here's what I get:
$641/mo tax is rolled in
$6830 due at lease
.. $4550 MSD
.. $1639 fees ($925+ doc + dmv)
.. $641 1st month payment)
PM me if you want the details. I use lesematic iPhone app which is $3 well spent!

Per Edmonds, MF is .00131. RV is 60% at 10k mile/yr. BMW is offering $2k incentive which explains your low cap cost.

Last edited by BWW; 11-12-2015 at 08:22 AM.
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  #13  
Old 11-12-2015, 08:26 AM
Ant1830 Ant1830 is offline
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Quote:
Originally Posted by At Law View Post
Sounds to be a very good lease price.
I don't want to hijack this thread.

Law- can you start a thread in regards to the M Exhaust?
Are you satisfied/disappointed?
Any bump in performance or is it pure cosmetic?

I am considering the Exhaust and MPPK.
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  #14  
Old 11-12-2015, 03:48 PM
bmwe39lover bmwe39lover is offline
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hi man

i estimated that tax was about 40 a month in nj, then took 15 bucks off because seems like the deal was padded with a little wiggle room.
if your in nj and need help let me know if you need me to make a call to see if i can get you a better deal private message e if you would like
i have to find out how to post pics on this forum and get pm
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  #15  
Old 11-12-2015, 03:56 PM
bmwe39lover bmwe39lover is offline
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options

i am making some calls and you left no info with what it is the car with options
its hard to do this
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  #16  
Old 11-12-2015, 05:29 PM
bmwe39lover bmwe39lover is offline
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hi i am

going to private message you i worked a deal for you i think you will like
it took me an hour and half, but its xmas time wanted to help
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  #17  
Old 11-12-2015, 05:39 PM
bmwe39lover bmwe39lover is offline
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i private messaged you but don't know if the details came through
let me know
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  #18  
Old 11-12-2015, 11:55 PM
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kidrock kidrock is offline
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How is this a good deal ?

~10k to drive off on a ~64k MSRP with a $595/mo ??? Its a joke. I know its MY16 so the first question really should be why are you even going for MY16 when year end is approaching and deals on MY15 will be sweet.

In short, no, IT IS NOT a good deal. It would be a good deal with 0 security deposit. Any dealer in NJ would give you this kinda deal.

Keep looking, this is the time of the year. Don't pull the trigger on this one.
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  #19  
Old 11-13-2015, 06:27 AM
4banger 4banger is offline
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Terrible deal. My msrp was 58500 payment is 590 including 9 percent ny tax, with not a penny out of pocket. U should never put money down on a lease, esp 10k!
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  #20  
Old 11-13-2015, 06:49 AM
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Yinzer Yinzer is offline
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Hes putting down 4200 in refundable security deposits
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  #21  
Old 11-13-2015, 06:57 AM
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I was surprised by low RV for Nov (60% at 10k mile). my 15 was 62% in Oct for 12k mi. Each 1% is approx $20/mo

Last edited by BWW; 11-13-2015 at 07:01 AM.
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  #22  
Old 11-13-2015, 07:02 AM
BWW BWW is online now
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Quote:
Originally Posted by Yinzer View Post
Hes putting down 4200 in refundable security deposits
And tax was miscalculated.
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  #23  
Old 11-18-2015, 05:24 AM
Gsc0429 Gsc0429 is offline
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Hi ended up with 550/mo no menu down just MSDs. Thanks again for all your help!
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  #24  
Old 11-18-2015, 08:17 AM
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Yinzer Yinzer is offline
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Awesome. Enjoy and post pics.
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