Originally Posted by sdg1871

Good lord! 6 cars and the dealer still tries to bend you over?? What is this world coming to?

Since it is obvious that the Sales Manager just wants to ass rape you and doesn't give a hoot about your business, I would demand a meeting with the dealership's General Manager. If the GM does not satisfy you, I'd go to BMW NA ASAP to complain. I would also file complaints with you state and city departments of consumer affairs.

This is why I only negotiate with dealers by email so that it is in writing. I don't trust any of them as far as I can throw them.

Originally Posted by Anzafin

I think it's HIS mistake and HE should pay that!

Originally Posted by al_ongvano

I use to work at a BMW dealer and when it comes to the value of lease car returns, BMWFS does dictate the price. It is base on Manheim report. What it is, is a statistics on cars that went to the auction the week before. it shows year, make and model and mileage and how much each car sold at the auction on a regional scale. In turn, the dealer has the option of buying the car from BMWFS and convert it to a CPO for retail. Although, what they told you is partially correct since from my experience, week to week auction review are more likely on a down trend than up. Plus it will not make an $1800 gap in a week. GL, I hope this info helps you.

Originally Posted by SergeyM

This above is true. One thing you can easily do though, is to extend your lease with BMWFS for 2 more month with no obligations. In two months many things can happen except for values of E60s going up. F10 is around the corner, in June our obsolete model will have no buyers and BMW will beg you to take the car for any price.

Originally Posted by brabusw209amg

Car value goes up $1800 in a week. Doesn't make sense to me. If that's the case, I would buy 50 550i's and make a HUGE profit! I dont bite it. Mebbe for a few hundred dollars approx $500 I wouldnt mind but NOT $1800. Are they prepared to lose you as a customer? What dealership are we talking about?

Originally Posted by studavis

8%..hmm. My 2007 550i residual was 41K. It sat on the lot for three months, and I bought it back for 34,900. Heck of a lot more than 8% off. I would walk. There are so many choices out there now, that you would be foolish to suck 1800.00 in a bad negotiated deal. Walk...then run, then let them come back to you.

Originally Posted by bimmerboyali

I would call the local paper and also the local tv sations. Where I live,Sacramento, CA there is a segment on the local TV news called CALL KURTIS. local residents call and complain about people and businesses that rip off people. You cant believe the success rate that it has. I would say at least 80 to 90% of the problems get resolved once Kurtis approachs them with the cameras. That dealership will not want to be in the local paper or on TV for ripping off customers. I had a problem with 24 hour fitness in not accepting a offer. I called Kurtis and I was on the 5 oclock segment, 48 hours later 24 Hour fitness called and not only gave me the discounted rate but gave me a free 6 month extension. Good Luck

Originally Posted by v_therussian

If you negotiated a price, finalize it in writing.

You're right though - the dealer is trying to screw you.

Let us know which dealer/CA it is, and how everything ends.

Originally Posted by ObD

I would only deal with BMWFS. An $1800 markup is BS. BMWFS will deal despite what your lease contract says. The residuals on a new F10 are lower than an E60, so they know car depreciation is accelerating. Play hardball, it's a buyers market.

Originally Posted by GP550iSport

Here's an update, I got a call today and they were able to give me back $1100. Should I wait another month, until the new 5 series hits the roads here? I would have to pay for 2 months of extended lease payments.

Do you think its worth to pay the extra payments and see if I can get more of a discount below residual(they took off $3000)?

Let me know what you guys think.