2008 535i Allocation question (USA)
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I've just been asked to put a credit card deposit on an allocation for a 2008 535i.
My fear is that BMW is going to drastically increase the lease money factor (although hopefully keep the residual value the same or a little higher) for this model because it's "new".
Does anyone here know a dealer (or is a dealer) who has seen financing sheets?
My goal is to keep the monthly payment under 580 with about 4-5 options selected... with about 5k down and some dealer discount...
Anyone who can offer guidance and advise I appreciate it.
My fear is that BMW is going to drastically increase the lease money factor (although hopefully keep the residual value the same or a little higher) for this model because it's "new".
Does anyone here know a dealer (or is a dealer) who has seen financing sheets?
My goal is to keep the monthly payment under 580 with about 4-5 options selected... with about 5k down and some dealer discount...
Anyone who can offer guidance and advise I appreciate it.
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Originally Posted by forceten' post='377276' date='Jan 12 2007, 05:36 PM
I've just been asked to put a credit card deposit on an allocation for a 2008 535i.
My fear is that BMW is going to drastically increase the lease money factor (although hopefully keep the residual value the same or a little higher) for this model because it's "new".
Does anyone here know a dealer (or is a dealer) who has seen financing sheets?
My goal is to keep the monthly payment under 580 with about 4-5 options selected... with about 5k down and some dealer discount...
Anyone who can offer guidance and advise I appreciate it.
My fear is that BMW is going to drastically increase the lease money factor (although hopefully keep the residual value the same or a little higher) for this model because it's "new".
Does anyone here know a dealer (or is a dealer) who has seen financing sheets?
My goal is to keep the monthly payment under 580 with about 4-5 options selected... with about 5k down and some dealer discount...
Anyone who can offer guidance and advise I appreciate it.
I'm itching to upgrade as mine is now just over 3 years old and the warranty has expired. 286hp 535d is screaming at me to buy it... But if I want it in June/July I know I'm going to get stiffed. May be a rather nice Xmas present?
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Hmm.. you bring up good points. My problem is that my 330i's lease is up in April, and I don't relish the thought of keeping it around more than I'd have to (if they'd even allow me to do so)... I'm somewhat rolling the dice as my dealer claims there is one allocation to build a 2007 530i left..
But that doesn't make sense. If they're delivering 2008 535i's in march/april and taking orders and allocations in january... how could they possibly be building 2007's?
But that doesn't make sense. If they're delivering 2008 535i's in march/april and taking orders and allocations in january... how could they possibly be building 2007's?
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Take it from me...I turned in my '03 E39 530i Sport bc I wanted the new one and didn't want to wait. I was one of the first 2007 orders and have a MF of .00250. Had I waited 6 months, I would probably have saved around $200/month on my payment. If you can go a few months after your lease with your current car, I would do it. You'll be much happier. Plus, I believe BMW allows you to lease your current model for an additional 6 months after your lease ends. When my 2007 lease is up, I am waiting for the new model to "chill on ice" for a bit, before I commit to a MF that is sure to go down over time due to demand.
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BMW still has cars that will be built in the last week in February aka 2007. March 1, 2008 Production Starts. The lease payments will increase, I work for a dealership, the car will makes its debut in April at the New York International Auto Show. We will probably see rates/residuals in late March or right after the press release of the car in April. Hope this helps!
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Originally Posted by bmw1986' post='377335' date='Jan 12 2007, 03:44 PM
Allocation will come into dealers in about 2 weeks or so..
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Originally Posted by forceten' post='377276' date='Jan 12 2007, 12:36 PM
I've just been asked to put a credit card deposit on an allocation for a 2008 535i.
My fear is that BMW is going to drastically increase the lease money factor (although hopefully keep the residual value the same or a little higher) for this model because it's "new".
Does anyone here know a dealer (or is a dealer) who has seen financing sheets?
My goal is to keep the monthly payment under 580 with about 4-5 options selected... with about 5k down and some dealer discount...
Anyone who can offer guidance and advise I appreciate it.
My fear is that BMW is going to drastically increase the lease money factor (although hopefully keep the residual value the same or a little higher) for this model because it's "new".
Does anyone here know a dealer (or is a dealer) who has seen financing sheets?
My goal is to keep the monthly payment under 580 with about 4-5 options selected... with about 5k down and some dealer discount...
Anyone who can offer guidance and advise I appreciate it.
???Under 580? Dollars a month? I don't even know what the MSRP on a 535i might be, but it will surely be higher than an 06' 530i. At a .0020 money factor (which is many times better than Audi, MB etc..and is likely lower than what BMW will assign the 535) with an MSRP of $56,500 (which I think is a little conservative) for 3yrs, 12k/yr your at over $800.00 a month. The lease rates on the 525i and 530xit are among the lowest of any vehicle sold in the U.S. and those lease specials result in payments in excess of $500.00. My best guess is that a 535i payment will be between $750-$850/month depending on the options and terms, and a 535xi should get to a $1000/month. I'd bet they will be worth every penny.
Good luck in whatever you decide.
DRP
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Right. Sorry, meant to include that I'd be putting money down.
The 2007 530i is 0.0009 money factor (three zeros then nine) which is roughly 2.16% interest rate. The 335i comparatively is .00150, and the highest I've seen is .00250 from BMW FS. Residual is 62% on 36 year, 12k mi.
If you calc that at a MSRP of $54k with all my options included with some dealer discount and down pay, its about 550/mo. Each $1k dealer discount or down pay takes roughly $12/mo off, so no money down it was between 620-640 ... that was the 2007 model.
I'm hoping that BMW doesn't try to use a ridiculously high interest rate - generally speaking the 5 series has always been cheaper from an interest rate perspective than the hotter selling 3er... but they might do an introductory (read: STD, a/k/a no discount) rate, in which case, i'd have to wait until the deals are better. January, though, usually has the best rates for the cars.
I'm also hoping the MSRP doesn't go up that much.
The 2007 530i is 0.0009 money factor (three zeros then nine) which is roughly 2.16% interest rate. The 335i comparatively is .00150, and the highest I've seen is .00250 from BMW FS. Residual is 62% on 36 year, 12k mi.
If you calc that at a MSRP of $54k with all my options included with some dealer discount and down pay, its about 550/mo. Each $1k dealer discount or down pay takes roughly $12/mo off, so no money down it was between 620-640 ... that was the 2007 model.
I'm hoping that BMW doesn't try to use a ridiculously high interest rate - generally speaking the 5 series has always been cheaper from an interest rate perspective than the hotter selling 3er... but they might do an introductory (read: STD, a/k/a no discount) rate, in which case, i'd have to wait until the deals are better. January, though, usually has the best rates for the cars.
I'm also hoping the MSRP doesn't go up that much.
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Originally Posted by forceten' post='377353' date='Jan 12 2007, 04:23 PM
Thank you for the info! Question - the allocations are coming, but does that then imply that the dealer can take orders? If so, they have to have financing information available at that time, right?
Sure....thats the whole point of an allocation. Nope, financing will come probably when the cars are already in production, meaning lease rates/residuals. The residual on a 24 month should be around 68-70 and the rate around 225