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2010 2011 BMW 5 Series Forum F10 BMW 5-Series (F10) Forums General 5-Series Sedan and Wagon (F10 / F11) Forum Holy macaroni, BMW is offering unbelievable deals on '13 F10 550's.
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      01-19-2013, 12:43 PM   #1
mryakanisachoad
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Holy macaroni, BMW is offering unbelievable deals on '13 F10 550's.

My long term sales gal just called me and offered a 2013 550xi MSport with (5) miles on the odometer for 7.75% under sticker, 63% residual and .00130 MF.

That's insane. Why would anyone buy one of these beautiful things when they're teasing such a great lease? Plus, they offered me what I think is pretty much retail price for my dear beloved 335i. I love that car but I hate owning German cars outside of warranty!

Are these sorts of offers normal right now? Shouldn't a loaded up 550 be like USD 900/1000 a month?
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      01-19-2013, 12:58 PM   #2
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You wont believe what I picked up the 2 535 Msports for!!
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      01-19-2013, 07:13 PM   #3
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they're getting ready for the LCI.
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      01-19-2013, 07:58 PM   #4
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Was that a 36 month deal?
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      01-19-2013, 10:40 PM   #5
mryakanisachoad
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Quote:
Originally Posted by Losco View Post
they're getting ready for the LCI.
That makes sense. I guess they need to empty their n63 inventories.

Regardless, it's still a great deal.
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      01-19-2013, 10:41 PM   #6
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Quote:
Originally Posted by spadae22 View Post
Was that a 36 month deal?
Yes, 36 months.
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      01-20-2013, 10:04 AM   #7
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Assuming annual mileage 10k?
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      01-20-2013, 03:31 PM   #8
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Originally Posted by m6pwr View Post
Assuming annual mileage 10k?
Yes, that was for 10k miles.
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      01-20-2013, 10:50 PM   #9
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deals

Picked up a 550i with sticker at 77k in Sept 2013. got 12k miles per year with lease payment of $926 per month. I feel that is a great deal. Maybe they got a bit cheaper now.
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      01-21-2013, 01:09 AM   #10
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I guess the holiday credit is gone now, but they made up for it with the residual increase. Good deal.
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      01-21-2013, 01:43 AM   #11
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new to forum, but i would think some people don't lease for a few different reasons. drive more miles than lease calls for, would rather own than lease, have resale value, old fashion and don't like paying rent, pride of ownership, leasing also gets confusing at times, just some thoughts. but by the posts sounds like they are getting some better deals out their
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      01-21-2013, 08:16 PM   #12
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Quote:
Originally Posted by captnbeer View Post
new to forum, but i would think some people don't lease for a few different reasons. drive more miles than lease calls for, would rather own than lease, have resale value, old fashion and don't like paying rent, pride of ownership, leasing also gets confusing at times, just some thoughts. but by the posts sounds like they are getting some better deals out their
I absolutely understand and respect the right of someone wanting to buy a car rather than lease. For some a car is only worth it's utility value, for others it's potentially worth more.

That said, BMW appears to be more interested in the leasing model for customers. Sure, they'll sell you a car, but it seems they'd rather lease you one.
The proof of my claim is my above example.
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      01-21-2013, 08:30 PM   #13
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Quote:
Originally Posted by mryakanisachoad View Post
My long term sales gal just called me and offered a 2013 550xi MSport with (5) miles on the odometer for 7.75% under sticker, 63% residual and .00130 MF.

That's insane. Why would anyone buy one of these beautiful things when they're teasing such a great lease? Plus, they offered me what I think is pretty much retail price for my dear beloved 335i. I love that car but I hate owning German cars outside of warranty!

Are these sorts of offers normal right now? Shouldn't a loaded up 550 be like USD 900/1000 a month?
I am not sure its a great deal. I have never leased but I know I have bought for way less that 7.75% under sticker
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      01-21-2013, 09:07 PM   #14
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Quote:
Originally Posted by BigKutta View Post
I am not sure its a great deal. I have never leased but I know I have bought for way less that 7.75% under sticker
With leasing, it's the payment that counts. The purchase price isn't as important because, well, you're not purchasing the car.

For what it is, the payment on this 550xi seems like a really great value.
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      01-22-2013, 08:29 PM   #15
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Quote:
Originally Posted by mryakanisachoad View Post
With leasing, it's the payment that counts. The purchase price isn't as important because, well, you're not purchasing the car.

For what it is, the payment on this 550xi seems like a really great value.
Actually the purchase price is extremely important...you do not negotiate the payments..you 1st negotiate the actual sales price then work with the payments off that...if you let a dealer negotiate only payments then you are going to get taken advantage of.
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      01-23-2013, 04:02 PM   #16
mryakanisachoad
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Quote:
Originally Posted by DieselNY View Post
Actually the purchase price is extremely important...you do not negotiate the payments..you 1st negotiate the actual sales price then work with the payments off that...if you let a dealer negotiate only payments then you are going to get taken advantage of.
I think I expressed the same opinion in different form.

That's why I wrote "as important" as opposed to say 'not important'.

With leasing, the single most important factor is the total of payments for the variable of time.


For example: if the purchase price for a specific BMW is 500,000 for 36 months but the leasor agrees to repurchase the vehicle for 499,999 at the end of the term, did purchase price matter as much as the residual? I recognize this a ridiculous example but it underscores the point.
.

Last edited by mryakanisachoad; 01-23-2013 at 07:19 PM.
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      02-04-2013, 10:50 PM   #17
cko
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Just be sure that you will have the car for the full term. It can be a hassle to get out of the lease - another point to consider.
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      02-05-2013, 07:56 PM   #18
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Quote:
Originally Posted by captnbeer View Post
new to forum, but i would think some people don't lease for a few different reasons. drive more miles than lease calls for, would rather own than lease, have resale value, old fashion and don't like paying rent, pride of ownership, leasing also gets confusing at times, just some thoughts. but by the posts sounds like they are getting some better deals out their
Not directly responding to your post but I never ever get this concept that leasing is bad cuz you don't own anything and buying is good argument.

If the rate is the same and the residual is reasonable, unless you intend to get rid of the car before the lease is up then leasing is most likely the cheapest option out there.

But that is just me.....

I do wish that leasing was a cheap here in Canada as it is in the US.
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      02-06-2013, 01:05 AM   #19
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Quote:
Originally Posted by Richard Cranium View Post
Not directly responding to your post but I never ever get this concept that leasing is bad cuz you don't own anything and buying is good argument.

If the rate is the same and the residual is reasonable, unless you intend to get rid of the car before the lease is up then leasing is most likely the cheapest option out there.

But that is just me.....

I do wish that leasing was a cheap here in Canada as it is in the US.
Damn right, I'm paying just a bit under $1100 per month for a 535 Xi mSport.

Canadian lease rates suck, period.
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      02-06-2013, 07:58 AM   #20
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Ok, so I wound up at 699 for 36 on 550xi MSport. 10,000 miles but I can buy miles for 16 cents if I need 'em which I most likely won't. Paid taxes and fees plus dealer add-ons (window tinting) up front. I'm ignorantly blissful!

Last edited by mryakanisachoad; 02-06-2013 at 10:00 AM.
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      02-06-2013, 09:45 AM   #21
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Quote:
Originally Posted by mryakanisachoad View Post
Ok, so I wound at 699 for 36 on 550xi MSport. 10,000 miles but I can buy miles for 16 cents if I need 'em which I most likely won't. Paid taxes and fees plus dealer add-ons (window tinting) up front. I'm ignorantly blissful!
That sounds like a pretty decent deal, what was the total out of pocket (minus dealer add ons)?
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      02-06-2013, 09:58 AM   #22
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Quote:
Originally Posted by carchrism5 View Post
That sounds like a pretty decent deal, what was the total out of pocket (minus dealer add ons)?
Dunno exactly. Tints were 400, lease waiver for return damage another 600, DMV paperwork and plates like 500 (NY is expensive!) first month was 699, taxes were like 2300, app fee was 600 ( I think?)...

I got 750 loyalty cash which basically offset destination.

So I think out-of-pocket was like 6000?
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