- #1366 of 3223
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Re: Question re Residuals [toro1]
by Car_man HOST
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Mar 30, 2007 (3:21 am)
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Replying to: toro1 (Mar 05, 2007 7:19 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 3223
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Re: 328i Coupe [wrobbins8047]
by payson1110
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Apr 01, 2007 (11:56 am)
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Replying to: wrobbins8047 (Mar 23, 2007 2:59 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 3223
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Re: Is this a good deal? (335i sedan) [wbb56]
by Car_man HOST
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Apr 02, 2007 (1:25 am)
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Replying to: wbb56 (Mar 05, 2007 9:38 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 3223
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Re: Re: 335i Sedan - Serious help needed [sanjeetkd8]
by Car_man HOST
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Apr 02, 2007 (1:28 am)
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Replying to: sanjeetkd8 (Mar 05, 2007 6:27 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 3223
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Re: Is this a fair price for 328xi? [dazosea]
by Car_man HOST
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Apr 02, 2007 (1:33 am)
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Replying to: dazosea (Mar 06, 2007 1:27 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 3223
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Re: Need input on this deal [toro1]
by Car_man HOST
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Apr 02, 2007 (1:40 am)
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Replying to: toro1 (Mar 06, 2007 1:57 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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- #1372 of 3223
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Re: 328i Sedan offer, MF to high? [va_bmw]
by Car_man HOST
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Apr 02, 2007 (1:51 am)
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Replying to: va_bmw (Mar 06, 2007 6:41 pm)
Hello va_bmw. A $2,000 discount on this car isn't bad. That's probably around $1,000 over invoice. The problem that I have with this deal is the money factor and the acquisition fee that you were quoted. BMW Financial Services' current buy rate lease money factor for a 36 month lease of this car with a waived security deposit is currently only .00140. Plus its base acquisition fee is only $625. See if you can get the dealer that you are working with to give you this selling price with the buy rate money factor and base acquisition fee.
Car_man
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- #1373 of 3223
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Re: Trading in.. [plyg]
by Car_man HOST
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Apr 02, 2007 (2:06 am)
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Replying to: plyg (Mar 07, 2007 12:02 am)
Hi plyg. The best way to negotiate a deal on the new BMW that you are interested in leasing is to shop around for the lowest selling price that you can get it for by visiting dealers in person or using e-mail. Once you have arrived at a price that you are comfortable with, have the dealer that you are working with calculate your lease using BMW Financial Services' buy rate lease money factor.
Unfortunately, you are probably going to end up taking a huge depreciation hit by selling your Lancer so soon. At least it seems as though you did not lease it. If you had, it would be very, very expensive to get out of your lease so soon.
It is never a good idea to make a large down payment when leasing. Consumers who make them risk losing them if their vehicle is totaled in an accident or stolen and never recovered. In this situation though, you may end up having to put money down to cover your negative equity if you have a loan on your Lancer.
Car_man
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- #1374 of 3223
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Re: MF on left over 2006 cars (M3 convert) [rich644]
by Car_man HOST
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Apr 02, 2007 (2:10 am)
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Replying to: rich644 (Mar 07, 2007 10:32 am)
Hi rich644. BMW Financial Services is not leasing 2006 models any more. If you really want to lease an '06 model, you will have to do so through an independent bank...if you can even find one that is still leasing 2006 models. Vehicles' residual values gradually fall as the model year progresses. The problem with leasing leftover models this late in the model year is by now their residual values are so low that their monthly payments are pretty high. If you really want to lease an M3 Convertible, you probably will be better off going with a 2007 model.
Car_man
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- #1375 of 3223
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Re: Never leased. Want a BMW. Help? [cdatony829]
by Car_man HOST
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Apr 02, 2007 (2:17 am)
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Replying to: cdatony829 (Mar 08, 2007 8:53 am)
Greetings Tony. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
Let me begin by saying that there's nothing wrong with trading in your current car when leasing a new one, but if you decide to do so it would be in your best interest to have the dealer that you are working with cut you a check for your Accord rather than using the proceeds from it as a down payment for your lease. I always advise consumers against making down payments on leases. Those who do risk losing them if their vehicle is totaled in an accident or stolen and never recovered.
$750 over invoice is a good selling price to shoot for. That would be a pretty good deal on this car. Negotiate the lowest selling price that you can on it and then have the dealer calculate your monthly payment using BMW Financial Services' current buy rate lease money factor of .00175.
I will calculate a lease payment on this car for you to give you an idea of what sort of payment to expect. If you were tot lease a 2007 BMW 328xi with an MSRP of $38,795 and a selling price of $36,080 ($750 over invoice) through BMW FS right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $450.
Car_man
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