Yet another good deal on a 550i xDrive thread.

Hi all,

I accidentally posted in the GT forum, so please ignore if duplicate.

I'm new to the forum and new to BMW, so some advise on a verbal deal I have with a local dealer would be appreciated.

First here's the car:
-2013 BMW 550i xDrive
-Black on Black with Aluminum trim
-Cold Weather Package
-M-Sport package
-Luxury Seating Package
-Sport Auto Transmission with Paddle Shifters
-BMW Apps
-MSRP $71,495

Now the deal:
-39 month 12k/year lease
-.00145 money factor (talked down from .00165)
-55% residual value (seems low)
-$66,995 negotiated price (1k over invoice)
-$2,000 incentive + $1,000 USAA = $63,995 net

Final payment depends on trade differential TBD.

Not as good a deal as some I've seen on this forum, but MN has only two BMW dealers and I had to work hard to get this much out of them. I'm not really interested in out of state dealers because of trade-in issues.

Thanks!

I strongly suggest you go out of state because you will do much better.

What trade in issues will you have by going out of state?

Here is the 550 I ordered this week:

- 550i xDrive
- Jet Black / Venetian Beige
- Dark Red Sycamore Wood Trim
- Cold Weather Package
- Driver Assistance Package
- Driver Assistance Plus
- Dynamic Handling Package
- Executive Package
- Luxury Seating Package
- M Sport Package
- Sport Automatic Transmission with Shift Paddles
- Automatic High Beams
- Active Cruise Control

MSRP: $84,875

Here is the deal I got:

- Lease term: 39 months
- Mileage: 10,000/year
- Residual: (Higher than yours - CA asked I not disclose)
- Money factor: (Lower than yours - CA asked I not disclose)
- Negotiated price: $78,500 ($330 over invoice)
- Incentives: $2,750 ($2,000 holiday + $750 loyalty)
- Net price: $75,750
- Fees: $1,141 ($725 BMW acq fee, $399 dealer fee, $17 title/lien fee)
- Capital cost: $76,891
- Money down: $0
- Monthly payment: $909/month + tax

Here is who gave me this deal:

Jeff Martz at Husker BMW/Mercedes Benz of Lincoln, NE

My experience getting this deal:

I did not have to negotiate at all. Jeff gave me the best deal (above) of any CA I worked with the first deal he gave me. Jeff has also been easy to work with.

I have a friend who purchased a 7 series from Jeff last year and had the same experience with him as I did. He is the one who recommended Jeff to me.

Acquiring the vehicle:

Shipping of the vehicle from Lincoln to Salt Lake City will be $700. Alternatively, it is generally about $200 to fly from SLC to Lincoln and then about $135 in lease mileage to drive back (and it knocks 900 miles off the break in period), so that is a cheaper but more time-consuming option.

Shipping, air fair, and driving, whichever option you choose, would all likely be cheaper from Lincoln to MN.

Your trade-in:

With Jeff, you would first make a fantastic lease deal. Then, once the deal is in place, you could negotiate on the trade-in. Once that is in place, and once your car arrives, drive from MN to Lincoln and swap cars. That's what I would do.

My recommendation:

I recommend you send him an email. He will offer you a great deal quickly and the only time you will spent getting the deal is the time you spend writing the email.

Send me a private message if you are interested and I will give you his email.

-Corey

And with multiple securities, you can bring those costs even lower. For such a heavy car that Corey has, it looks like a great deal. Note that the residual that Corey has would be naturally higher since he has 10K/year, worth another point.

Originally Posted by cordoor

- Mileage: 10,000/year
- Residual: (Higher than yours - CA asked I not disclose)

Less miles == higher residual, no?

Not sure if dealer can do anything about residual. Usually that is set by lessor. (finance company)

Originally Posted by cordoor

- Negotiated price: $78,500 ($330 over invoice)
...
- Fees: $1,141 ($725 BMW acq fee, $399 dealer fee, $17 title/lien fee)

$330 + $399 == $729 vs $1000 over invoice.

Does it worth it?

Originally Posted by wildvlad

Not sure if dealer can do anything about residual. Usually that is set by lessor. (finance company)

I agree, but he asked me not to share so I didn't. I just stated the facts.

I went with 10K because you can purchase more miles from BMW at something like 16 cents per mile within the lease period if your estimates half way through the lease show you will be over.

Originally Posted by wildvlad

$330 + $399 == $729 vs $1000 over invoice.

Again, I agree.

However, my money factor, which he also asked me not to share, is quite a bit lower. That also makes a difference.

-Corey

Originally Posted by cordoor

I went with 10K because you can purchase more miles from BMW at something like 16 cents per mile within the lease period if your estimates half way through the lease show you will be over.
-Corey

Good to know, as I may end up being over miles.