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Is this a good lease deal on a 530i or 545i?

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Old 12-10-2004, 07:08 AM
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I was quoted for an 05 525i, 534.00/ month with 10k miles per year. This is with paying only the Bank fee & 1st payment up front. The msrp is 46095.00 Steven
Old 12-10-2004, 07:14 AM
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Originally Posted by Stevies3' date='Dec 10 2004, 11:08 AM
I was quoted for an 05 525i, 534.00/ month with 10k miles per year. This is with paying only the Bank fee & 1st payment up front. The? msrp is 46095.00? Steven
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welcome

which dealer on LI?
Old 12-10-2004, 07:15 AM
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Competition in Smithtown, NY It's where I also bought my X3. We are considering the 525i before the end of the year
Old 12-10-2004, 07:28 AM
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use google to find some lease analysis software. It's worth the $$.
Old 12-10-2004, 07:40 AM
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Originally Posted by Stevies3' date='Dec 10 2004, 11:15 AM
Competition in Smithtown, NY? It's where I also bought my X3. We are considering the 525i before the end of the year
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Hassel is pretty competitive too, you may want to check them out...i also see every night here in NY, usually a commercial on the 525i and they are running some special lease rates, even as low as $469 , but I dont know the options and stuff, but you should definitlely ask about this winter sale that BMW NA is advertising...
Old 12-10-2004, 08:36 AM
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That's with the options listed (sports suspension, xenon, premium, sirius prep).

Yes, the monthly payments include tax.

Residual is 62% with 12,000 miles/yr., $0 down and about $3000 of drive off fees which includes security deposit, first months rent, license...
Old 12-10-2004, 02:44 PM
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I sell BMWs for a living.

Here are the November ? December BMW programs:

525i - Base car with 6-speed STEPTRONIC automatic transmission- $469/ month + tax
530i ? same as above - $529/ month + tax

Both Cars with $2500 down plus start up fees and taxes ($4075 out the door) and 10k miles per year.
Old 12-10-2004, 02:54 PM
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Originally Posted by Snootch' date='Dec 10 2004, 06:44 PM
I sell BMWs for a living.

Here are the November ? December BMW programs:

525i - Base car with 6-speed STEPTRONIC automatic transmission- $469/ month + tax
530i ? same as above - $529/ month + tax

Both Cars with $2500 down plus start up fees and taxes ($4075 out the door) and 10k miles per year.
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I'm looking for Prem Pkg, Climate & Steptronic 525i. Where are you located?
Old 12-10-2004, 04:36 PM
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Originally Posted by Stevies3' date='Dec 10 2004, 11:08 AM
I was quoted for an 05 525i, 534.00/ month with 10k miles per year. This is with paying only the Bank fee & 1st payment up front. The? msrp is 46095.00? Steven
[snapback]67467[/snapback]
That sounds a little high (unless you have the taxes in that monthly payment, then in works out to about the same). I was recently quoted about that ($529 or $539?) for a '05 525i - auto/premium/xenon/cold weather package/sirius prep. Nothing down, tax/fee up-front, 12k/year 36mo lease. MSRP was around $48k.

This was from Habberstad on LI. (BTW - I took the deal, but ended up putting some cash down to get the monthly under $500).

--Joe
Old 12-10-2004, 04:51 PM
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a061444 - I think your deal is okay, but not great. The caveat is I am not familar with your market.

I believe the MSRP of your car is $52,070 with an invoice of $47,615 (no fees or adv). The current base money factor is equal to a 3.0% interest rate. If your car was sold at $1,600 over invoice (no fees), 3% MF, 0 down (upfront is 1st mo, security, reg, etc) your monthly payment before taxes would be $573. Including 7% tax it would be $613. I'm not sure a dealer would do this.

If your region has a marketing fee ...say $500, your payment would be $588 ($629 with 7% tax). If I have your facts correct, I think you are paying a regional adv fee (or some other fee) as well as higher than base MF. I believe (don't know as fact) a dealer can inflate the MF by .0004 which equates to 1%. If at 4% and $660 (7% tax), the amount over invoice would be about $1,900 over invoice (so a $300 fee add-on).

Hopefully, I have the facts straight. You need to determine if this is a good deal in your market. I would certainly try to make sure you are getting the base MF. Some dealer's will not share this info.

I have been able to get base MF and $2,200 over invoice ($2,200 includes a regional advertising coop). I hope this information helps you evaluate your offer.


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