Would really like to lease a 545i or 559i but...
08-17-2005, 09:27 AM
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Here's my dilemma (as a Canadian)...
I recently leased an '05 745i for a sweet deal. Basically, they were blowing them out the door to make way for the 06 redesign, wound up doing the deal at $1390/mnth taxes in with about $5K due on delivery (Canadian $$, Interest Rate: 2.0% residual 52% and a wack off the MSRP, can't remember exactly how much, standard 24,000KM/YR 36MNTH). Drove the car for a few months, couldn't stand it. Too big, not sporty enough, just not for me. Wound up transferring the lease to a colleague in the office.
I'm more of a 5series kind of guy, but I'm having a real hard time wrapping my head around the idea of paying considerably more for a 550i than a [reduced priced] 745i. 550i rates haven't been set here yet, but they are believed to be 6.45% (for existing BMW customers) with a 55% residuals (what the 530 entered at). With a slight increase over pricing from the 545i, but very little discounting off of MSRP. All that said, I'd be in around $1600/mnth taxes in with $5K due on signing. Even if I can get it down to the $1500/mnth taxes in range (equipped with sports pack, sports seats and Logic7 sound), that seems much more than I'm hearing out of some of this US deals? Read a post suggesting with $5K down the deal was more like $730/month which is <$1000 CDN after currency exchange. Could that really be the variance?
A 330i with sport pack, premium pack, A/T will do me in for around $920/mnth taxes in. I'd be willing to do something in the range of $1250/month taxes is, but not $1600!! There's too much on the market in that range.
Any suggestions? Canadians maybe that have experienced the sticker shock I'm seeing here?
Alex.
I recently leased an '05 745i for a sweet deal. Basically, they were blowing them out the door to make way for the 06 redesign, wound up doing the deal at $1390/mnth taxes in with about $5K due on delivery (Canadian $$, Interest Rate: 2.0% residual 52% and a wack off the MSRP, can't remember exactly how much, standard 24,000KM/YR 36MNTH). Drove the car for a few months, couldn't stand it. Too big, not sporty enough, just not for me. Wound up transferring the lease to a colleague in the office.
I'm more of a 5series kind of guy, but I'm having a real hard time wrapping my head around the idea of paying considerably more for a 550i than a [reduced priced] 745i. 550i rates haven't been set here yet, but they are believed to be 6.45% (for existing BMW customers) with a 55% residuals (what the 530 entered at). With a slight increase over pricing from the 545i, but very little discounting off of MSRP. All that said, I'd be in around $1600/mnth taxes in with $5K due on signing. Even if I can get it down to the $1500/mnth taxes in range (equipped with sports pack, sports seats and Logic7 sound), that seems much more than I'm hearing out of some of this US deals? Read a post suggesting with $5K down the deal was more like $730/month which is <$1000 CDN after currency exchange. Could that really be the variance?
A 330i with sport pack, premium pack, A/T will do me in for around $920/mnth taxes in. I'd be willing to do something in the range of $1250/month taxes is, but not $1600!! There's too much on the market in that range.
Any suggestions? Canadians maybe that have experienced the sticker shock I'm seeing here?
Alex.
08-18-2005, 08:08 AM
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Alex,
I leased my 545i (PDC, Sport Package, Dynamic Handling Package and Sports Seats) in May. I got a 4% lease rate and with $0 down I am paying $1,250 CDN a month including taxes (GST and Ontario PST). Total due on signing (registration, first, security, etc) was just under $5,000.
Of course the rates were better than you are quoting. I also believe it would be harder to get a good reduction off MSRP for the 550's.
I leased my 545i (PDC, Sport Package, Dynamic Handling Package and Sports Seats) in May. I got a 4% lease rate and with $0 down I am paying $1,250 CDN a month including taxes (GST and Ontario PST). Total due on signing (registration, first, security, etc) was just under $5,000.
Of course the rates were better than you are quoting. I also believe it would be harder to get a good reduction off MSRP for the 550's.
08-18-2005, 08:20 AM
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Originally Posted by Take-Heed' date='Aug 18 2005, 09:08 AM
Alex,
I leased my 545i (PDC, Sport Package, Dynamic Handling Package and Sports Seats) in May.? I got a 4% lease rate and with $0 down I am paying $1,250 CDN a month including taxes (GST and Ontario PST).? Total due on signing (registration, first, security, etc) was just under $5,000.
Of course the rates were better than you are quoting.? I also believe it would be harder to get a good reduction off MSRP for the 550's.
I leased my 545i (PDC, Sport Package, Dynamic Handling Package and Sports Seats) in May.? I got a 4% lease rate and with $0 down I am paying $1,250 CDN a month including taxes (GST and Ontario PST).? Total due on signing (registration, first, security, etc) was just under $5,000.
Of course the rates were better than you are quoting.? I also believe it would be harder to get a good reduction off MSRP for the 550's.
[snapback]160673[/snapback]
08-19-2005, 07:30 AM
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My Ride: 2006 530i.... Saphire Black Metallic...19 inch Axis Milanos....Auburn dakota interior.....ACS rear lip spoiler... And a whole lot of head turns ;)
i paid 15000 down and pay 700 a month taxes in for my 530.
Kris
Kris
08-22-2005, 12:44 PM
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Originally Posted by Take-Heed' date='Aug 18 2005, 11:08 AM
Alex,
I leased my 545i (PDC, Sport Package, Dynamic Handling Package and Sports Seats) in May.? I got a 4% lease rate and with $0 down I am paying $1,250 CDN a month including taxes (GST and Ontario PST).? Total due on signing (registration, first, security, etc) was just under $5,000.
Of course the rates were better than you are quoting.? I also believe it would be harder to get a good reduction off MSRP for the 550's.
I leased my 545i (PDC, Sport Package, Dynamic Handling Package and Sports Seats) in May.? I got a 4% lease rate and with $0 down I am paying $1,250 CDN a month including taxes (GST and Ontario PST).? Total due on signing (registration, first, security, etc) was just under $5,000.
Of course the rates were better than you are quoting.? I also believe it would be harder to get a good reduction off MSRP for the 550's.
[snapback]160673[/snapback]
Alex.
08-22-2005, 03:35 PM
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Alex,
I understand your dilemma. I think you will find this when comparing many BMW models. An M3 has similar retail pricing to the 545i, but the lease rates make a big difference.
In the end, it depends whether you feel more drawn to the 545i or whether the value of the 745 is more attractive.
Good luck with your decision. I know I enjoy my 545i every time i drive it.
I understand your dilemma. I think you will find this when comparing many BMW models. An M3 has similar retail pricing to the 545i, but the lease rates make a big difference.
In the end, it depends whether you feel more drawn to the 545i or whether the value of the 745 is more attractive.
Good luck with your decision. I know I enjoy my 545i every time i drive it.
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