Guys, Dealer offering me a 2010 528i MSport with Nav, Logic 7, PDC and Xenon lights- MRSP $55,875.00

Lease- $699.00 plus tax, 15,000 miles a year. Is this a good deal or not?

 

That's too bad about the 535i, but at least you came out alright. I am not quite sure what's a good deal concerning leases...

Have you looked at any other cars?

 

dont forget the F10 is just around the corner so they are trying to get ride as many as they can of the old E60 LCI

 

sounds expensive to me but then again, a 328i is leased around $500/month with around 2 G's down... is your offer 0 down?

 

That deal sucks. My 2009 550i Sport's lease, with 18K miles per year (and MSRP of about $71K), was $900 per month plus tax. Only $200 difference between 528 and 550? Give me a break. Total ripoff.

Never ever negotiate a lease off a monthly payment. You need to know: (1) the selling price of the car (this is a big number to negotiate; (2) the money factor; and (3) the residual value. The MF and residual value are available in the Ask A Dealer forum on bimmerfest.com from Tarry@leasecompare.com. Never let the dealer mark up the MF (BMWFS allows them to) or give you a lower residual than the BMWFS residual. Moreover, if a delaer refuses to tell you items 1, 2 and 3, run out of the dealership and do not lease from them. Ethical dealers will not conceal that information and I only lease from dealers who have freely disclosed that information to me.

Also, never put a penny down on the lease -- no cap cost reduction -- because if your car is lost or totaled, you have lost the up front money.

The biggest way that dealers screw you on a lease is if you merely negotiate a monthly payment. Do not do that. Rather, settle on numbers 1-3 above. From that (and the MSRP), you can calculate the monthly payment using one of the many lease calculators on the internet (such as leasecalculator.com).

Finally, check Edmunds.com and the Ask-A-Dealer website for any incentive that BMW has for the car you want. You should subtract that number from the car's invoice price and negotiate a selling price.

Good luck.

 

+1

Amazing that so many people who "rent" cars are dazzled by a low monthly payment ... and give no thought to the total (real) cost of acquisition.

Your advice is well constructed

 

Thanks my friend.

I learned a lot from a crappy lease deal that I made in 1996 on an Infiniti Q45 when I was in my mid-twenties. I got fleeced. After that experience, I learned everything I could on leasing so that I did not repeat my stupid mistakes.

 

Thanks for the info. Based on the info, I provided. What do you believe is a fair lease payment.

 

I don't know. What is the invoice price of the car minus applicable incentives? You can find this on Edmunds.com and Bimmerfest.com.

One of our members, jeffnnj, a Client Advisor at Wide World of Cars in Spring Valley, NY, will lease you a BMW for $250 above invoice minus any incentives with base money factor and BNWFS residual. That is a good lease deal.

 

Thanks for all your help.