Leasing 09 550i
#1
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From: Fort Lauderdale Florida
My Ride: 2009 550i sports, Nav, logic Best E60 yet
2004 545i, sports pkg, logic 7 steptronic, rear shade,orient blue with beige interior, blue tooth enabled Razer Phone. 2004 X5 3.0, sports pkg, stepronic, summer pkg. imola red.
2006 Mini Cooper S, manual, sports, prem pkg, nav and kitchen sink.
I have leased a bunch of cars from BMWNA over the past 10 years, and although I believe I have done well in the past, in my heart I know you cannot beat these guys at their game.
Anyway all help will be much appreciated:
I'm looking at a 2009 550 with, Nav, sports pkg, sports trans, prem. sound, hd radio shades, comfort access, ipod adpt, and Ventilated Seats. The car lists out at $73,300.00, my first offer for a 36 month lease 15,000 per year is $2,000 off list only inception down, 1st month payment, dealer fee and plate transfer comes to $1,991 out of pocket.
Payment is $1,133.00 including tax ($1069.00 before tax)
Residual is 57% and money factor is .00175
Besides this being one hell of an expensive car, how much better can I do?
Anyway all help will be much appreciated:
I'm looking at a 2009 550 with, Nav, sports pkg, sports trans, prem. sound, hd radio shades, comfort access, ipod adpt, and Ventilated Seats. The car lists out at $73,300.00, my first offer for a 36 month lease 15,000 per year is $2,000 off list only inception down, 1st month payment, dealer fee and plate transfer comes to $1,991 out of pocket.
Payment is $1,133.00 including tax ($1069.00 before tax)
Residual is 57% and money factor is .00175
Besides this being one hell of an expensive car, how much better can I do?
#2
I cant help with the 550 because I just leased a 535. There were some knowledgeable people on here when i was asking these questions a week ago. I will say this though... Although everyone is quick to say it is a game, Keep in mind it is a business. These Salesman have to pay the bills and feed their families just like us. The best advice I received on here was If you get the car you want for the payment you want (within reason) and it feels right, than do it. I am paying 599 a month for my car and put 2500 down. I am happy. I couldnt imagine paying almost double that for a car that really doesnt offer much more than the new 3.0TT engine. I drove both, while the 550 is quicker, it doesnt justify paying twice as much per month.
just my .02
just my .02
#3
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IMO, kinda high...no '08's out there you can get into for a better deal...not much difference between '08 and '09 besdies the iDrive controller AFAIK...
GL with your purchase...
GL with your purchase...
#4
I will also add this... If you are willing to pay over a thousand bucks a month to drive a car, you dont really have a leg to stand on when haggling over a few dollars. i would imagine your ann income is well over $200K. that salesman is making a tiny fraction of that. I can imagine he isnt sympathetic to your desire to save 20 or 30 bucks
#5
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Joined: Nov 2004
Posts: 454
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From: Fort Lauderdale Florida
My Ride: 2009 550i sports, Nav, logic Best E60 yet
2004 545i, sports pkg, logic 7 steptronic, rear shade,orient blue with beige interior, blue tooth enabled Razer Phone. 2004 X5 3.0, sports pkg, stepronic, summer pkg. imola red.
2006 Mini Cooper S, manual, sports, prem pkg, nav and kitchen sink.
Originally Posted by GENEaTALS' post='743034' date='Dec 11 2008, 11:35 AM
IMO, kinda high...no '08's out there you can get into for a better deal...not much difference between '08 and '09 besdies the iDrive controller AFAIK...
GL with your purchase...
GL with your purchase...
As for haggling over a few bucks, all I can say is whatever I save, it's better in my pocket than there's. I mean no disrespect to auto salesmen or anyone else. I'm guessing we all work hard for our money.
#6
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Joined: Jun 2005
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From: USA, NJ
My Ride: 2007 BMW 550, Sport, Navi, PS, CWP, Sirius
Originally Posted by jochet' post='743025' date='Dec 11 2008, 11:27 AM
I have leased a bunch of cars from BMWNA over the past 10 years, and although I believe I have done well in the past, in my heart I know you cannot beat these guys at their game.
Anyway all help will be much appreciated:
I'm looking at a 2009 550 with, Nav, sports pkg, sports trans, prem. sound, hd radio shades, comfort access, ipod adpt, and Ventilated Seats. The car lists out at $73,300.00, my first offer for a 36 month lease 15,000 per year is $2,000 off list only inception down, 1st month payment, dealer fee and plate transfer comes to $1,991 out of pocket.
Payment is $1,133.00 including tax ($1069.00 before tax)
Residual is 57% and money factor is .00175
Besides this being one hell of an expensive car, how much better can I do?
Anyway all help will be much appreciated:
I'm looking at a 2009 550 with, Nav, sports pkg, sports trans, prem. sound, hd radio shades, comfort access, ipod adpt, and Ventilated Seats. The car lists out at $73,300.00, my first offer for a 36 month lease 15,000 per year is $2,000 off list only inception down, 1st month payment, dealer fee and plate transfer comes to $1,991 out of pocket.
Payment is $1,133.00 including tax ($1069.00 before tax)
Residual is 57% and money factor is .00175
Besides this being one hell of an expensive car, how much better can I do?
Anyway, I plugged your numbers into a lease calculator and with $2K off MSRP it should be no more tahn $1,020 pre-tax. I would ask for $4K off and a target price of $960 pre-tax.
#7
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Senior Members
Joined: Nov 2004
Posts: 454
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From: Fort Lauderdale Florida
My Ride: 2009 550i sports, Nav, logic Best E60 yet
2004 545i, sports pkg, logic 7 steptronic, rear shade,orient blue with beige interior, blue tooth enabled Razer Phone. 2004 X5 3.0, sports pkg, stepronic, summer pkg. imola red.
2006 Mini Cooper S, manual, sports, prem pkg, nav and kitchen sink.
Originally Posted by SergeyM' post='743046' date='Dec 11 2008, 11:54 AM
Ventilated Seats? For only $73K. That's a bargain.
Anyway, I plugged your numbers into a lease calculator and with $2K off MSRP it should be no more tahn $1,020 pre-tax. I would ask for $4K off and a target price of $960 pre-tax.
Anyway, I plugged your numbers into a lease calculator and with $2K off MSRP it should be no more tahn $1,020 pre-tax. I would ask for $4K off and a target price of $960 pre-tax.
Thanks, their pre-tax number was $1069 which is close to your number, I guess my question is how much can these guys subtract from MSRP, the car I've built starts life at $60,000 thats a lot of options?
#8
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Joined: Jun 2005
Posts: 536
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From: USA, NJ
My Ride: 2007 BMW 550, Sport, Navi, PS, CWP, Sirius
Originally Posted by craigm1841' post='743031' date='Dec 11 2008, 11:34 AM
I cant help with the 550 because I just leased a 535. I couldnt imagine paying almost double that for a car that really doesnt offer much more than the new 3.0TT engine. I drove both, while the 550 is quicker, it doesnt justify paying twice as much per month.
just my .02
just my .02
#9
There were better deals in the spring. Since then BMW lowered the residuals acccelerating depreciation costs. For that kind of money I'd be looking at an 2008 M5 or if you can afford to ... wait.
#10
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Joined: May 2007
Posts: 3,987
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From: Pittsburgh, PA
My Ride: 2008 Alpine White 550i Sport, Cream Beige Interior, 6-Sp Manual - retired 9/2011
Originally Posted by jochet' post='743025' date='Dec 11 2008, 11:27 AM
The car lists out at $73,300.00, my first offer for a 36 month lease 15,000 per year is $2,000 off list only inception down, 1st month payment, dealer fee and plate transfer comes to $1,991 out of pocket.
Payment is $1,133.00 including tax ($1069.00 before tax)
Residual is 57% and money factor is .00175
Payment is $1,133.00 including tax ($1069.00 before tax)
Residual is 57% and money factor is .00175
Keep looking if they don't want to come down any further than a measly $2K. You should be negotiating up from invoice, not down from sticker. On a 2009, I wouldn't pay more than $1K over invoice. Find a 2008 and pay close to invoice, if not below.