Quote:
Originally Posted by bigblue99
I have a 335i that I bought several years ago. I'm currently shopping for an X5 for the mrs. I'm considering all my options, including leasing. I have never leased a BMW before, but have leased other makes. The lease acquisition costs have been around $500.
The BMW lease acquisition cost is $950 and there is also the documentation fee of $350. This is well over $1,000 in fees (in other words, hefty profit, even after deducting the administrative salaries and detailers). I challenged these costs and the sales guy gave me the "yeah, it's the bank fee and we don't get any of that." Anyway, I called BMW Financial Services and asked them about this $950 fee. They told me clearly that it is 100% dealership fee.
Please don't get me wrong as we're in the capitalistic society so I don't fault people (even dealerships) for making money. But don't lie to my face.
Before I confront them, want to get an idea if anyone had any luck negotiating these fees down?
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If you are shopping the clowns at Open Road ... keep driving ... go to Freehold or JMK ... much better to negotiate with.
I am not quite ready to lease my X5 yet ... 535 lease is up on April ... but I have been shopping a few dealers in central NJ & it seems the going discount at this point is 6% off of MSRP ... I'm confident that by April I can get between 8-9% off MSRP. plus incentives & CCA rebate ... also both ofthose dealers don't have as high of BS fees as Open Road .... $200 vehicle prep fee ... you kidding me .... my detailer charges $200 ... and we both know the prep guy isn't spending more than 20 minutes on the exterior