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BMW 3-Series Lease Questions

3226 messages,  Last post on Dec 08, 2009 at 2:50 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? BMW, Car Leasing, Sedan, Wagon


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#1342 of 3226
Re: How to negotiate, 07 328i [bmwhip] by brightness04
Mar 17, 2007 (10:52 am)
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Replying to: bmwhip (Mar 15, 2007 7:06 pm)

The simplest counter is, that you will shop elsewhere
#1343 of 3226
Re: 328i Coupe & Sedan Deals [coupelover] by accordpower1
Mar 17, 2007 (1:59 pm)
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Replying to: coupelover (Mar 14, 2007 9:09 pm)

I noticed that dealers are tricky with this. For example I'll ask for a price with Y configuration and $X down, then they'll give me a monthly quote (incl. tax), then I'll ask for another with Z configuration and still same $X down and the monthly will be just slightly higher than previous then later found out that this time the monthly did NOT include tax - I think they're good enough to skew it to their advantage so make sure you ask every time you get a new or revised quote.
#1344 of 3226
2007 328i Coupe is this a decent lease deal? by mensah007
Mar 19, 2007 (6:57 am)
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Found this site after I have already ordered my car, but I'm curious to know if I got a decent deal or if I have to go back to the table. Here are the specs. & numbers. Any help would be greatly appreaciated. Thanks
 
2007 328i Coupe
Alpine White
Power Seats w/ Memory
Navigation System
Leather
Destination: $695
Total: $39,090
 
Purchasing in Maryland
36 months
15K per year
$438.97/month
Down payment including first month: $5,475
 
Thanks again.
#1345 of 3226
Re: 2007 328i Coupe is this a decent lease deal? [mensah007] by meddlingkids
Mar 19, 2007 (7:36 am)
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Replying to: mensah007 (Mar 19, 2007 6:57 am)

I think you're paying about $1000 too much for the car. You could probably shoot for $2500 under MSRP, which would be around $38,050. Also, I wouldn't recommend putting down $5475 on a lease. That seems a bit excessive.
#1346 of 3226
Re: 2007 328i Coupe is this a decent lease deal? [meddlingkids] by mensah007
Mar 19, 2007 (3:12 pm)
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Replying to: meddlingkids (Mar 19, 2007 7:36 am)

Thanks for the heads up. What do you think would be a good amount to put down and still stay within the $430/$440 monthly? Thanks.
#1347 of 3226
deal offred 328i seden by miked24
Mar 19, 2007 (4:14 pm)
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Hi,
 
Would like your feedback on this offer, planning to close tomorrow-
 
328i Sedan
 
Lease- 36 m/ 10,000 miles
 
Automatic + premium package+metalic
 
MSRP -$38,175
Offered price -$37,000
Money down -2500+tax+ttl
Security -400 + 1st month 387
MF -0.0014 or 3.36%
Residual -64% of MSRP
Monthly payment -$387
No acquisition fees –per dealer included in price $825
 
Is it a reasonable deal?
 
Also, I’m concerned the dealer will play around with MF once we come to close , he did not check my credit yet .
 
I don’t think I will have a credit issue ,as I think BMW has a GO/no GO policy only…
 
thx
#1348 of 3226
328i Coupe by wrobbins8047
Mar 19, 2007 (4:41 pm)
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Any feedback on this deal?
 
328i Coupe w/STEPTRONIC, Premium, Sport, Comfort & Navigation
MSRP: $44,200
Sell Price: $41,465
36mth / 12k/yr
Res. 60%
MF: .00140
Out the door: 957.75
Mth: $569.52 includes tax of 7.75%
#1349 of 3226
Re: 2007 328i Coupe is this a decent lease deal? [mensah007] by meddlingkids
Mar 19, 2007 (5:24 pm)
Reply

Replying to: mensah007 (Mar 19, 2007 3:12 pm)

You would need to put down about $4500, which would reduce your cap by about $2800 or so (this is a rough estimate). This would give you payments of around $435 or so. But, again, you do not want to be putting this much down to reduce your cap.
 
Think about it. Let's say you only put down $2400 rather than $4500. That gives you an additional $2100 in cash at signing in your pocket. Your payment would go up to $500, which is $65 higher than the example I quoted above. Therefore, you would be paying $2340 more in payments over the 36 months of the lease. Now, if you keep that $2100 down and invest it at a modest 8%, you would have $2645 at the end of your lease. Not to mention, provided you are earning that interest in a somewhat liquid account, you have an emergency fund to make payments on your vehicle should something unforseen take place.
 
I know the higher payment is more intimidating, but provided you can afford the $65 additional per month, it's a financially wise decision. If you can't afford the extra $65, you may want to ask yourself if you can really afford to lease this vehicle.
#1350 of 3226
Re: 2007 328i Coupe is this a decent lease deal? [meddlingkids] by mensah007
Mar 19, 2007 (5:35 pm)
Reply

Replying to: meddlingkids (Mar 19, 2007 5:24 pm)

Wow thanks so much meddlingkids. That's what I wanted to know. Wanted to make sure that the numbers at least were consistant with making a higher down payment and reduction of the monthly. But what you said put things in much better perspective. Thanks again.
#1351 of 3226
Re: 328i Coupe [wrobbins8047] by bmwhip
Mar 20, 2007 (4:36 am)
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Replying to: wrobbins8047 (Mar 19, 2007 4:41 pm)

Hi wrobbins,
 
I think $2,700 below MSRP on a coupe is a good deal. They are still marking up the MF .00015. Not sure how you get $569.52; I get $549.87. What state/dealership is this lease?

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