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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
10299 messages, Last post on Nov 29, 2009 at 10:06 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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hi located in south west ohio, i am looking to lease what my dealership calls a new loaner BMW 335i (a car used as a service loaner with less then 15000 miles) the 335i was priced at 45,570 and was reduced to 41,800 nicely equipped with premium package and cold weather, with xenon lights, leather and premium sound i was quoted $439 per month for 36 months 12000 miles a year $3998 due at signing $2400 cap reduction (what is this??) $101 tax on cap reduction i feel that $439 a month is too much for a loaner i would appreciate the help and advice on what to do
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Replying to: andrewkmm (Oct 18, 2008 11:57 am) The cap reduction is a way to reduce your monthly payments by reducing the "cost" of the car, basically paying down the principal. So as I understand it, your paying a total of $3998, which includes a $2400 cap reduction... right? If so, then you need to know what the money factor of the loan is (should be 0.0013) in Ohio and also the residual at the end of the lease. Given all that $439 is not too bad. You can compare the rates for an '09 at the BMW website also. |
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Replying to: kyfdx (Oct 14, 2008 3:12 am) |
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Purchased new 2008 BMW 335I PP,ZSP,Auto... Paid invoice according to edmunds.com and other sources plus $480 minus $1210 automatic rebate. The 2009 MY would cost $3105 more because of the increase in base price and sport package (ZSP), and the Logic 7 is now an option, and no rebate on the automatic. 
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Replying to: andrewkmm (Oct 18, 2008 11:57 am) You're better off going back to dealer and tell them you want the Maunufacturer lease deal for a '08 model car with 0 miles. $449*/month for 36 months based on MSRP of $44,100 $449 First months payment • $2,500 Down payment • $450 Security Deposit • $3,399 Cash due at signing |
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Replying to: kyfdx (Oct 18, 2008 5:51 am) I just noticed that the CPO 100k warranty is not bumper to bumper, nor is it anywhere near it! I didnt expect a complete coverage, but it seems the coverage is basically only if the engine fails (above 50k miles, I mean). It exlcudes almost all the electrical components, NAV, CD, etc. These are the most likely thingsto go out, according to my investigations! What to do? Any recommendations?
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