- #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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- #1376 of 3223
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Re: 328i Sedan offer in Atlanta...am I getting ripped off? [atlspartan]
by Car_man HOST
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Apr 02, 2007 (2:24 am)
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Replying to: atlspartan (Mar 09, 2007 3:01 pm)
Hi atlspartan. The money factors that you mentioned are correct for a lease of this car through April 2nd. A $1,200 discount on this car isn't bad, but there is still some room to play with there. It wouldn't hurt to comparison shop with a couple of dealers. Try stopping by the following discussion to see how much other community members have paid for similar cars lately: "BMW 3-Series: Prices Paid & Buying Experience".
Car_man
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- #1377 of 3223
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Re: Help with Dealer quote [meddlingkids]
by Car_man HOST
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Apr 02, 2007 (2:34 am)
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Replying to: meddlingkids (Mar 10, 2007 10:23 pm)
Hey meddlingkids. $1,480 over dealer invoice isn't bad for an '07 BMW 335i Sedan. Having said this, given the fact that you are in the ultra competitive Southern California market it wouldn't hurt to see if you can beat this price. The money factor that you were quoted is right in line with BMW Financial Services' buy rate for a lease of this car with a waived security deposit through April 2nd.
Car_man
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- #1378 of 3223
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Re: 328XI COUPE [tborah]
by Car_man HOST
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Apr 02, 2007 (2:35 am)
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Replying to: tborah (Mar 12, 2007 10:57 am)
Hey Tom. Through April 2nd, BMW Financial Services' buy rate lease money factor and residual value for a 30 month lease of a 2007 BMW 328xi Coupe with 15,000 miles per year are .00125 and 64%, respectively.
Car_man
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- #1379 of 3223
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Re: What causes a higher MF? [box2bimmer]
by Car_man HOST
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Apr 02, 2007 (2:40 am)
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Replying to: box2bimmer (Mar 12, 2007 7:13 pm)
Hi box2bimmer. BMW FS does not have money factors that vary by credit tier like a lot of banks do. Instead it uses a pass / fail system to decide if consumers can lease through it. Either you qualify for its special money factor or you don't. BMW's money factor for the 2007 328xi Wagon is high than its factors for some of the other vehicles that have been mentioned in this discussion, but not that much higher. Its current buy rate for a 36 month lease of this model is 00225 with the payment of a security deposit at lease signing and .00240 with the money factor waived. If a dealer tries to charge you a higher money factor than this, they are attempting to mark BMW's buy rate up to add additional, hidden profit to your deal. Tell the dealer that you know what they are doing and try to get them to use the buy rate to calculate your vehicle's monthly payment.
Car_man
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- #1380 of 3223
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Re: 2007 BMW 328i sedan [garbou]
by Car_man HOST
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Apr 02, 2007 (2:42 am)
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Replying to: garbou (Mar 12, 2007 8:50 pm)
Hello garbou. I personally wouldn't be thrilled with this deal and would probably shop around to see if I could beat it. If you are in an area that has a decent level of competition, you should be able to beat an $800 discount and a marked-up money factor and acquisition fee. Unless your current leased BMW is worth significantly more than its purchase option price on the open market, which is unlikely, you will not be able to use it to your advantage during your negotiations.
Car_man
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