Last post on Jun 17, 2013 at 8:29 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW 3 Series, Sedan, Wagon
#11422 of 11958 Re: 2008 BMW 328i end of lease [kyfdx]
Jul 22, 2011 (7:01 pm)
Dealer says I have to get the end of lease inspection done, and may potentially owe the cost of new tires (if it is found that the tires are worn out more than what's allowed) EVEN if I decide to buy out at the end of the lease ..... if I am going to own the car then this really does not make sense to me. I am free to change the tires when I want.
Is this typical ?
#11423 of 11958 Re: 2008 BMW 328i end of lease [bmwleaser]
Jul 22, 2011 (8:21 pm)
check what the dealer, NOT BMWFS will sell you the car for.
#11424 of 11958 2011 328i navigation,premium,sports,conv pckgs $550/month
Jul 23, 2011 (12:13 am)
I just got the quote from my local dealer this evening for 328i Sedan w/ Premium, Sports, Navigation,Conveience Packages,Navigation,Xenon $550 per month including taxes.
$3000 out of pocket
12K miles per year
Is it a good deal?
#11425 of 11958 Re: 2008 BMW 328i end of lease [bmwleaser]
by kyfdx HOST
Jul 23, 2011 (10:00 am)
If you buy the car out directly from BMWFS, then you will have no end-of-lease wear and tear charges...
If you negotiate a lower price from the dealer, then they have to buy the car from BMWFS, first... which basically means you turned it back in... and then those charges apply...
#11426 of 11958 Lease Socal
Jul 25, 2011 (10:24 am)
How well am I doing on a lease in socal?
328i with premum pckg. MSRP $38125 for $34945
payments $418. with $878 down 12000 mile/36 months.
Money factor - .00175 residual 64%.
It'll be .00190 for credit less than 740.
Can I do better?
#11427 of 11958 Am I getting a good deal??
Jul 25, 2011 (7:30 pm)
Car Man or Kyfdx, please let me know if this is a good LEASE deal. I live in Seattle. Excuse me for cutting and pasting. The drive certificate is just some promotional thing I got for going to this Oympic support event at the dealership. Would really appreciate your expert advise which helped me a lot with my last purchase.
Vehicle: 2011 BMW 3-SERIES 1143 4dr Sdn 335xi
Vehicle Price: $52,700.00
Preferred Customer Discount: $2,500.00
AWD CREDIT: $1,840.00
DRIVE CERTIFICATE: $1,000.00
Total Selling Price: $47,360.00
Sales Tax (estimate): + $4,641.28
Tag/Registration Fees (estimate): + $203.25
Documentation Fee: + $150.00
Balance Due (estimate): $52,354.53
Cash Due 36 months
$1,082 $655 - I would do this option.
The payments have the sales tax included.
The cap cost (sale price) is $46,610 after all of the discounts are factored in, including the $750 lease cash currently being offered. There is a $925 acquisition fee that BMW charges added back in to the cap cost. so a net cap of $47,535.
Residual is 60% of the MSRP or $31,620
The money factor is .00195
The up front money is your first monthly payment, license fee, doc fee and tax on the $750 rebate ($73.50)
Thanks in advance for your help!!
#11428 of 11958 Re: Am I getting a good deal?? [rob34]
by kyfdx HOST
Jul 25, 2011 (7:54 pm)
1) The base acq.fee is $725.. the dealer is marking up the maximum allowable $200 for extra profit (typical)
2) I show the base MF for the 335xi sedan as .00175.. If you are a returning customer, the loyalty rate is .00145.. It looks like they are marking up your rate for extra profit.. If you aren't a returning customer, and aren't making a security deposit (.00015 bump for that), then they aren't marking it up much...
3) On your first option, I calculate $596/mo.+ tax.. The payment looks correct with those parameters if your sales tax is nearly 10%.. That's assuming your state taxes the monthly payment..
#11429 of 11958 Re: Am I getting a good deal?? [kyfdx]
Jul 25, 2011 (8:16 pm)
Thanks for the fast reply. This is their initial offer. I am a returning customer, many times returning. Tax is nearly 10% in Washington. 3 questions. So you are ok witht he cap cost? Should I be getting .00145 without question if credit rating is great etc? How much would that reduce my monthly payment? Or another way of asking is what should my monthly payment be with .00145 not including tax even if I pay the extra $200 acq. fee?
Thanks for all your help.
#11430 of 11958 Lease Offer in TX
Jul 29, 2011 (3:19 pm)
2011 328I Sedan
sales price $35,500.00
acquisition fee 925.00
cap fee $5
sales tax $2234.17 ( Tx we have to pay tax on full price of car. )
gross cap cost
cap cost reduction
customer cash $1,000
net cap cost 36,914.67
residual 64% $23,680.00
annual miles 12k
money factor .0020
advanced payment $488.82
total cap reduction $1750
upfront charges $ 289.05
Monthly Payment $488.82
Any thoughts ? sales price seems ok, fee's and MF a little inflated ??
Aug 03, 2011 (11:25 am)
I'm relatively new at this and would like to close on a deal on Friday. Will appreciate if you can advise if this is a good deal.
2011 335 i X
10K miles per year
36 month lease
Includes: Nav, Premium, cold weather package, rear park sensor, HK audio package,Dakota leather.
MSRP - $52,300
Selling price - $45,693
Due at signing - $3219
Motor vehicle fee - $502.27
NJ Tax - $1377.80
Doc fee - $75
Bank fee -$725
First month - $526.61
Tire & lease fee - $12.50
Monthly - $526.61
Thank you in advance.