- #1362 of 2453
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BMW 328i Sedan Lease Offer-Please advise ASAP!
by mdiver65
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Mar 28, 2007 (11:03 pm)
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Hi all,
I'm prefer to keep my monthly payments low and was offered the following by a dealership here in Phoenix. It is a 2 year/10,000 mile per year lease.
MSRP: $34,925.00 (based on Edmunds w/ 6-Speed Auto/Metallic)
Price offered $32,925.00
Down Payment: $3,000.00
Acquisition fee: $825.00 (this appears to be high)
Doc fee: $259.00
Money factor: .00125 (not confirmed-see next)
Residual value: 71% (not confirmed-I'm basing this on the March lease rates w/ 12,000 miles)
Security: $300.00
Plates: Approx $600.00
Payments: $265.00/month + tax
We are talking $3,000 down + approx $2300 out the door. A LOT I know. But if you could please let me know your thoughts ASAP it would be appreicated. I'm looking to close on a deal by March 31. Thank you!!!
Mark
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- #1363 of 2453
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Take Over My 2006 BMW 330ia Lease
by eights38
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Mar 29, 2007 (10:28 pm)
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Due to a change in careers, I am being forced to purchase a larger vehicle. I am currently leasing a 2006 BMW 330i with the Premium Package, Cold Weather Package, Sport Package, Rear Park Distance Control, and Automatic Transmission (the car has almost every option other than navigation). The car is Black Sapphire (metallic black) with Black Dakota Leather and is in perfect condition. I have 16 payments (BMW Financial) remaining of $445 per month (plus applicable taxes). I am looking for a down payment of $2,000 to take over the lease.
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- #1364 of 2453
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Re: Is this a good deal? (335i sedan) [wbb56]
by Car_man HOST
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Mar 30, 2007 (4:17 am)
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Replying to: wbb56 (Mar 04, 2007 3:06 pm)
You're very welcome, wbb56. I'm glad that you found this forum so helpful.
Car_man
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- #1365 of 2453
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Re: 328xi lease in new york [theasker1]
by Car_man HOST
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Mar 30, 2007 (4:19 am)
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Replying to: theasker1 (Mar 04, 2007 9:54 pm)
Hi theasker1. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion on this deal if you let me know what these numbers are.
For now I can tell you that dealers never seem to be willing to discount demo vehicles enough for my personal taste. I would rather purchase a brand new car over what essentially is a low mileage used vehicle unless there is a significant difference between their prices.
Car_man
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- #1366 of 2453
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Re: Question re Residuals [toro1]
by Car_man HOST
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Mar 30, 2007 (4:21 am)
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Replying to: toro1 (Mar 05, 2007 8:19 am)
Hi toro1. tcn2k is correct. Vehicles' residual values are based upon a percentage of their full MSRPs including the destination charge and the MSRPs of any options that can be residualized. The selling price that you are able to negotiate has no impact upon your car's residual.
Car_man
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- #1367 of 2453
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Re: 328i Coupe [wrobbins8047]
by payson1110
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Apr 01, 2007 (12:56 pm)
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Replying to: wrobbins8047 (Mar 23, 2007 3:59 pm)
I am currently trying to work with Phoenix Dealers,but not any success
I would like your info on the Palm Springs dealer.
Thanks
payson1110
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- #1368 of 2453
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Re: Is this a good deal? (335i sedan) [wbb56]
by Car_man HOST
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Apr 02, 2007 (2:25 am)
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Replying to: wbb56 (Mar 05, 2007 10:38 am)
Hi wbb56. This dealer is definitely playing games with you. BMW Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW 335i Sedan is only .00160. With seven additional security deposits, this factor would drop to .00111. BMW's prices may have increased for March though.
Car_man
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- #1369 of 2453
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Re: Re: 335i Sedan - Serious help needed [sanjeetkd8]
by Car_man HOST
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Apr 02, 2007 (2:28 am)
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Replying to: sanjeetkd8 (Mar 05, 2007 7:27 pm)
You're welcome, sanjeetkd8. In my opinion, $4,000 is still too much money to put down when leasing. Ideally consumers should not make any capitalized cost reduction on their leased vehicle. I would be happy to give you my opinion on the latest deal that you were quoted, but it would be helpful if you were able to provide me with this car's selling price first.
Car_man
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- #1370 of 2453
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Re: Is this a fair price for 328xi? [dazosea]
by Car_man HOST
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Apr 02, 2007 (2:33 am)
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Replying to: dazosea (Mar 06, 2007 2:27 am)
Hi dazosea. The selling price that you were quoted looks very attractive to me. It appears to be right around dealer invoice, which would be well below this car's TMV price. I don't think that you're going to be able to do any better than dealer invoice on this car right now. Just make sure that the dealer that you are working with calculates your monthly payment using BMW's March buy rate lease money factor of .00175 and you're in business.
Car_man
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- #1371 of 2453
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Re: Need input on this deal [toro1]
by Car_man HOST
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Apr 02, 2007 (2:40 am)
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Replying to: toro1 (Mar 06, 2007 2:57 pm)
Hello toro1. The money factor that you were quoted is right in line with BMW Financial Services' buy rate for a 36 month lease of this car with a waived security deposit. That is a good thing because it means that the dealer that you are working with is not trying to mark your car's money factor up to add additional hidden profit to your deal. Let's take a look at the price that you were quoted. You are being given an $1,875 discount on a car that has a spread of $3,600 between its full MSRP and its dealer invoice price. That's not bad, but there's still over $1,700 to play with so it probably wouldn't hurt to comparison shop with a few other dealers if there are any more in your area.
Car_man
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