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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 Is this a good lease deal?....
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      03-21-2015, 06:43 PM   #1
SITREP
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Is this a good lease deal?....

A buddy of mine was quoted the following on a new 535i:

MSRP $70,025
Capitalized Cost $70,025
36 month lease with 10,000 miles per year
$10,000 down
$700.00/month
64% residual
Money Factor .00169

Terrible deal right?!
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      03-21-2015, 08:21 PM   #2
DAYINAZ
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Well,

Lets compare apples to oranges.

I drive a 13 550IX Msport fully loaded except H&K for 860.00 at 15,000 miles per year.

So that deal blows. IMO.
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      03-21-2015, 08:23 PM   #3
DAYINAZ
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Oh and I didnt see the 10K down they want. The Sales Manager must be looking for you to fund his carribbean vacation. I about hurled when I saw that, I put nothing down except 1st month payment.

Run.
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      03-21-2015, 09:20 PM   #4
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TERRIBLE!!!!!!

First of all why is MSRP and cap cost the same exact number??? There is usually about 7% you can get removed from MSRP before you are at invoice, that's almost 5k worth of negotiating room. You should be negotiating a cap cost to as close as possible to 65k. 2nd of all, down payments are you personal preference, but I hate them. Third, I would take 5k of the 10k you plan on putting down and use that as MSD (multiple security deposits, those reduce ur money factor from 0.00169 to like 0.00099, i think it's 0.0001 per deposit. That reduces your monthly payment and is fully refundable at the end of the lease.) Fourth, I would take the other 5k of the down payment and spend it on booze and strippers...

For reference, i have a 535D xDrive, MSRP was 73k. Cap cost was 65k or so... but that included 2k of holiday incentive and 500 eco credit which I'm not sure if you qualify for. I put the MSDs down and my payment is 672/month with taxes.

You should be able to get abt 700 a month as a payment without 10k down, just by negotiating a better cap cost price and using part of the 10k for MSDs instead.
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      03-21-2015, 10:20 PM   #5
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With that kind of a down payment your monthly should be around $400
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      03-22-2015, 10:00 AM   #6
dan5.5
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Quote:
Originally Posted by SITREP
A buddy of mine was quoted the following on a new 535i:

MSRP $70,025
Capitalized Cost $70,025
36 month lease with 10,000 miles per year
$10,000 down
$700.00/month
64% residual
Money Factor .00169

Terrible deal right?!
Awful deal.
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      03-22-2015, 01:08 PM   #7
AT LAW
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I have personally never seen a worse lease deal on a vehicle.
This is coming from someone who has leased two Range Rovers.
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      03-26-2015, 10:38 PM   #8
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That is a lot of money down for a lease.
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      03-26-2015, 10:45 PM   #9
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Quote:
Originally Posted by SITREP View Post
A buddy of mine was quoted the following on a new 535i:

MSRP $70,025
Capitalized Cost $70,025
36 month lease with 10,000 miles per year
$10,000 down
$700.00/month
64% residual
Money Factor .00169

Terrible deal right?!
Im a car guy, in the business, and this deal is beyond bad.

10k down on a 535i @ 700 a month hopefully including tax.

I'm at 721 including tax, 4500 down, 10k a year.
2014 550i w/M package, heated seats, lightning backage, and powdercoated msport wheels to black in the deal.

I'm in Socal if you want to get a car, for a much better deal PM me, I'll send you to my friend who is the General Manager of South bay BMW.
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