2010 BMW 528i MSport
12-21-2009, 02:59 PM
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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?
Lease- $699.00 plus tax, 15,000 miles a year. Is this a good deal or not?
12-21-2009, 05:22 PM
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Originally Posted by ponster' post='1077813' date='Dec 21 2009, 06:59 PM
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?
Lease- $699.00 plus tax, 15,000 miles a year. Is this a good deal or not?
Have you looked at any other cars?
12-21-2009, 05:29 PM
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Originally Posted by ponster' post='1077813' date='Dec 22 2009, 07:59 AM
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?
Lease- $699.00 plus tax, 15,000 miles a year. Is this a good deal or not?
12-21-2009, 05:32 PM
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My Ride: 545i Sport Package, Black/Grey. Got it July 09.
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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?
12-21-2009, 06:36 PM
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Originally Posted by ponster' post='1077813' date='Dec 21 2009, 06:59 PM
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?
Lease- $699.00 plus tax, 15,000 miles a year. Is this a good deal or not?
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.
12-21-2009, 07:06 PM
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Originally Posted by sdg1871' post='1077929' date='Dec 21 2009, 10:36 PM
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.
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.
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.
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
12-21-2009, 07:37 PM
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Originally Posted by luigi524td' post='1077939' date='Dec 21 2009, 11:06 PM
+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
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
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.
12-21-2009, 08:05 PM
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Originally Posted by sdg1871' post='1077929' date='Dec 21 2009, 10:36 PM
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.
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.
12-21-2009, 08:10 PM
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Originally Posted by ponster' post='1077990' date='Dec 22 2009, 12:05 AM
Thanks for the info. Based on the info, I provided. What do you believe is a fair lease payment.
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.
12-21-2009, 08:30 PM
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Originally Posted by sdg1871' post='1077994' date='Dec 22 2009, 12:10 AM
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.
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.