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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
10324 messages, Last post on Dec 08, 2009 at 11:18 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: donnabgood1 (Apr 21, 2007 3:48 pm) 1) Reduced risk associated with missed payments. If you miss a couple of payments, they can take action to recover the vehicle before it actually costs them anything since they already have your money for several months. 2) They earn interest while holding your security deposit. I don't know how it works for car leases but for escrow on your house or a security deposit on an aparatment lease, the bank is required to reduce your payment on the home loan by the amount of interest they earn on this money in no risk savings account, while a landlord at the end of a lease must return the sd + minimal interest earned (usually a bank savings account rate). So, if BMWFS doesn't return your money + interest, well they keep the interest. If they wisely invest your money and earn a good return on it (which they ought to be able to do with their financial clout) but give you 3.5% then they make the difference. So, it turns out to be a wash for you if they reduce the interest rate you pay by the amount you would earn on the money - but they win for reason 1. Considering their reduced risk, they should cut the rate by greater than the amount of interest you could reasonably expect to earn on the MSD. That way you both win.
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Replying to: kyfdx (Apr 21, 2007 6:06 am) Well that sucks, if you look at their price differences between 10K, 12K, and 15K mi/yr, then they only charge you half that per mile. What's the deal with that?
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Hoping someone can help me out. In the process of looking for a new 3 series. Currently have a 525i coming off lease but looking to "downsize" my payment. Given the issues I always have in the snow w/ my 525 (sport pkg) first option was to go with the 328xi. First question - (1) Every BMW I have had (4) has had the sport pkg which is why I am leaning towards the xi. However, I do have interest in the 335i - no sport pkg. Can I expect to get stuck everywhere (snow) in a 335i premium? Or - will I atleast be able to get home on snow covered roads? Now, got a lease quote yesterday from a dealer in Norther NJ for a 328xi - metallic paint, cold weather, premium pkg. Can someone tell me if this dealer is ripping me off or am I atleast in the ballpark: 2007 328xi metallic / cold / prem $3000 out of pocket at pickup (money down,mvs, first month and bank fee) - those were the only specifics he gave me as it was an internet quote. 30 months 12k yr - $454 15k yr - $482 Now, given that SAME exact deal noted above, I told the dealer that I wanted to "sign and drive" - nothing out of my pocket at delivery. 30 months 12k yr - $567 15k yr - $596 Bottom line - let me know if I am even in the ballpark. If I am not - let me know where I should be and if the 328xi is a better choice then the 335i (specific to the weather in northern NJ).
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Replying to: trewquis (Apr 21, 2007 4:17 pm)
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New to the forum, but would like some help/advice on how to proceed. Been reading a bit and the information is insightful, here is my situation. I leased an 04 base model and had a payment of 500 with 3k down. This is due to the fact that I was way upside down on my trade in. Got quoted 588 on an 07 328i with 3k down. This included my trade in and the car was a Sport package, xenon, leatherette, a pretty complete car. My 04 has 59k miles on it and some wear on it (not ugly to see but it has seen the road). I do not want to put any money down and also do not want to pay more than 550 for the new car. Any ideas as to how I can negotiate down? Or can anybody give me the name of a dealer in southern california that would give me a good deal? This quote is from the dealer I leased the car from in the first place. Let me know I am missing anything. Any advicce will be greatly appreciated!!
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Replying to: trewquis (Apr 21, 2007 4:12 pm) |
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I am wondering if anybody knows what kind of credit score you need to have to qualify for BMWFS top lease rates? Also from what credit scoring company do they use? I thought that I read somewhere on this forum that BMWFS does not offer different rates but only has a “qualify or does not qualify program”, is that still the case?
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Replying to: donnabgood1 (Apr 21, 2007 3:48 pm) Infiniti and Audi also have a similar plan. I think Lexus does, as well, but I'm not certain about that. Glad you got a good deal..  regards, kyfdx
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Replying to: dhanley (Apr 22, 2007 7:43 am) Plus, the more miles a car has, the more its condition seems to fluctuate, depending on how the car was treated. Most 45K mile cars are pretty much the same, no matter how they are treated. Plus, BMWs all have included factory service up to 50K miles. Higher mile cars tend to be more of a crapshoot, and the leasing company is taking on more risk with more miles. Which is one of the reasons why the 4-year lease rates are generally crappy for BMWs.. regards, kyfdx |
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Replying to: nightrod (Apr 22, 2007 5:11 am) I'm not buying the car, but I'd rather have RWD, and a set of snow tires. You've been doing it.. why quit now? (or are you running without snows?) Also, the money factor is better on the 328i sedan... .0014 vs. .0019 for the 328Xi, with both vehicles having the same residual. Comparably equipped, the 328i should be about $50/mo. less than the 328Xi. You didn't specify the MSRP of the car you are interested in, but the numbers don't seem too far off. I'm not familiar with the 30 month residuals, though, so I hesitate to make an off-the-cuff assessment of your deal. regards, kyfdx |
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