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2010 2011 BMW 5 Series Forum F10 F10 Lease and Finance Rates |
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03-25-2010, 02:03 PM | #1 |
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F10 Lease and Finance Rates
Current rates as of 3.25.10
2011 535i Sedan BMW Buy Rate: .00250 36 Month Residual: 58% 60 Month Retail Finance Rate: 4.9% 2011 550i Sedan BMW Buy Rate: .00230 36 Month Residual: 54% 60 Month Retail Finance Rate: 4.9% Lease loyalty incentives have not announced yet.
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03-25-2010, 03:26 PM | #3 |
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The residual values reflects current market conditions. They are similar to 3 Series residual values. The current market has been tough on the residual values of luxury cars. When my son's lease on his 330 was up in December 2009. BMW FS reduced the residual value by $5,000 when he bought it. That was a great deal for my son.
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03-25-2010, 07:24 PM | #4 |
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Loan vs Lease Calculation
Overall if this is the program they are starting out with its not a great deal, and certainly makes up for the lower sticker on the 2011's
I calculated the lease vs. buy numbers, and using an amortization table for the loan calculated that you would come out 2k better after 36 months on a loan than a lease. Assuming you sold the car at a close value to that 58% I'm not the least bit surprised its almost a negligible difference in overall TCO between the 2 deals over 36 months. the .0025 MF is somewhat high considering the lower residual value. BMW is making up for the lower MSRP by keeping the Money Factor (interest rate) high at 6% (.0025 * 2400). When I was pricing a 2010 535 in Dec 09 the MF was .0025 but the residual was 0.6, which made a little more sense. Even the 4.9% through BMW Financial is a little high. The latest rate from Chase on 60 months new car is 4.52 and you can take .25% off by auto debit. That along will cut your interest over 60 months by $1k. Play with the attached spreadsheet with the numbers relevant to your deal to see where you end up. |
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03-25-2010, 07:31 PM | #5 | |
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03-25-2010, 09:41 PM | #6 |
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Do you have any numbers for the 24 month programs? When I did my ED on my 08 E60, the 24 month program was a bit better than the 36 month deal. I'm not optimistic, but would still like to compare the numbers. TIA.
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03-25-2010, 09:52 PM | #7 |
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This incentive is geared toward those leasing a BMW whose lease is ending. There is a strong likelihood that incentive will happen shortly according to informed sources. The goal for BMW is to retain those existing customers so that they don't wander off to Audi or MB. Once they are gone they are more difficult to get back. Lease customers are desirable because they lease cars every 3 years. This much greater frequency than those who purchase or finance their cars.
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03-26-2010, 06:29 AM | #8 | |
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03-26-2010, 06:36 AM | #9 |
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Typically they would reduce the money factor. If you lease that is the best incentive. This is in addition to the reduction in fees that you get anyway when do your second lease and beyond.
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03-29-2010, 10:25 AM | #10 | |
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03-30-2010, 04:04 PM | #11 |
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The mark up is whatever the market will bear. I typically do the BMW Buy Rate and let them mark up the Lease Acquisition Fee by $200.
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03-30-2010, 08:32 PM | #12 | |
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04-04-2010, 07:26 PM | #13 | |
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04-04-2010, 08:03 PM | #14 | |
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The higher the residual, the less value you are paying for over the life lease and thus, the lower your monthly lease payment. |
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04-04-2010, 10:25 PM | #15 |
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Plus taxes and fees.
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04-04-2010, 10:26 PM | #16 |
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Those are the current BMW FS rates.
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04-06-2010, 12:32 AM | #17 | |
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are u ordering or did u order one of these babies? |
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05-01-2011, 11:17 AM | #22 |
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Those interest rates are a scam. We get our customer's 2.29% for up to 63 months as a STANDARD rate with no manufacturer buydown what so ever. Any credit score over 740 with a financed amount under MSRP automatically qualifies for it. Even stretching to a 72 month term only raises it to about 2.79-2.99%.
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