Time has come...To be a 550 or not to be550?
10-22-2005, 08:25 PM
#12
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My Ride: '05 545i, silver gray, black leather with anthracite maple wood, sport package, premium sound, navigation, cold weather package, electric rear sunshade, folding rear seat, satellite radio prep, PIAA 4150K fogs, red rear reflectors, hardwired Valentine One
This post has a lease calculation spreadsheet that I find very useful:
http://forums.e60.net/index.php?showtopic=17438
http://forums.e60.net/index.php?showtopic=17438
10-22-2005, 08:28 PM
#13
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My Ride: 2014 X5 xDrive 5.0 M Package Carbon Black Metallic/2008 M Roadster Imola Red
Originally Posted by 50cal' date='Oct 22 2005, 09:48 AM
[quote name='Don Juan' date='Oct 22 2005, 08:57 AM']550 msrp $65165
nav,sattelite,step,pdc,premium sound, power rear sunshade,SPP,black on black nothing down su 1st month and tag? total payment excluding tax $938.31 with 12k a year
nav,sattelite,step,pdc,premium sound, power rear sunshade,SPP,black on black nothing down su 1st month and tag? total payment excluding tax $938.31 with 12k a year
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That's not a bad deal if its for 36 months (relatively speaking). I got the 550 at the base rate of 2.6 or .00260, which is a high rate in general (but what are you going to do).
Just 1st payment and bank fee up front (sec waived).
MSRP was $64,970, capped at $62,970.
Payment before tax is $947/month.
With that, sounds like you got an additional $500 bucks off or so ($2500 discount) and you're getting the base rate as well.
Unfortunately, that's what is killing the deals on the 550 a bit is the rate and the hohum residual (59% for 12k).
The 525/530 deals are good now because the buy rates a very low.
But ignoring all of that, the dealer is giving you a fair deal given the facts.
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[/quote]If interested, the APR for a money factor of .00260 is 2400(.00264) = 6.34% I am not sure if you were thinking it is 2.60%
10-22-2005, 08:41 PM
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If interested, the APR for a money factor of .00260 is 2400(.00264) = 6.34% I am not sure if you were thinking it is 2.60%
Yeah, I wasn't referring to the rate conversion itself......just 2.6, which is how its entered into a very popular auto software system that dealers use (Reynolds).
So .00260 is equivalent to 2.6.
The rate conversion as you said though is .00260x2400= 6.34%
10-22-2005, 08:43 PM
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Originally Posted by Evenflow545' date='Oct 22 2005, 11:19 PM
A car payment of $1,000.00 a month?? ?
Get something else.? Like a house.? ? It's not worth it.
Get something else.? Like a house.? ? It's not worth it.
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All relative to what one can afford.
10-22-2005, 08:44 PM
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My Ride: 2014 X5 xDrive 5.0 M Package Carbon Black Metallic/2008 M Roadster Imola Red
Originally Posted by 50cal' date='Oct 22 2005, 11:41 PM
If interested, the APR for a money factor of .00260 is 2400(.00264) = 6.34% I am not sure if you were thinking it is 2.60%
Yeah, I wasn't referring to the rate conversion itself......just 2.6, which is how its entered into a very popular auto software system that dealers use (Reynolds).
So .00260 is equivalent to 2.6.
The rate conversion as you said though is .00260x2400= 6.34%
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10-22-2005, 08:59 PM
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Originally Posted by donv' date='Oct 22 2005, 11:44 PM
Right. 6.34% is not horrible, but, as mentioned, it is pretty high.
We get the payments presented in this thread, which are like $80/month (give or take) more than they should be.
10-22-2005, 09:39 PM
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My Ride: 2006 550i SMG
Not a tough decision for me...I'd get the 550i! Even if money is the main factor, I know I could live without some of the options you listed for the 550i to make the cost come down...it comes pretty loaded anyway but sounds like you have to pick something already in the dealers inventory. Good luck.
10-23-2005, 12:51 AM
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My Ride: 545iSMGSilver GrayAuburn Dakota LeatherLogic 7 Premium SoundSports Package
550!
Ya? how much will he save?
Originally Posted by ipse dixit' date='Oct 22 2005, 09:10 PM
With the price of gas, get the 530.
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