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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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#1385 of 3226
Re: 2007 328xi Lease Deal [07bimmer] by Car_man HOST
Apr 02, 2007 (3:04 am)
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Replying to: 07bimmer (Mar 28, 2007 6:02 am)

Greetings 07bimmer. It never hurts to comparison shop with a few dealers in your area before finalizing a deal, but an $1,875 discount on this car is pretty good. Just make sure that the dealer that you are working with uses BMW Financial Services' buy rate lease money factor to calculate your monthly payment and you're in business. Through April 2nd, BMW FS' buy rate for a 36 month lease of a 2007 328xi is .00175.
 
Car_man
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Prices Paid Forum
#1386 of 3226
Re: Southern California - Palm Springs [wrobbins8047] by Car_man HOST
Apr 02, 2007 (3:05 am)
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Replying to: wrobbins8047 (Mar 28, 2007 12:17 pm)

Congratulations on your new 328i Coupe, wrobbins8047. Thanks for taking the time to share the details of your deal with everyone. Enjoy your new ride .
 
Car_man
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Prices Paid Forum
#1387 of 3226
Re: Southern California - Palm Springs [delfer] by Car_man HOST
Apr 02, 2007 (3:06 am)
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Replying to: delfer (Mar 28, 2007 9:44 pm)

Hey delfer. I'll stop by the Z4 discussion in a couple of minutes.
 
Car_man
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Prices Paid Forum
#1388 of 3226
Re: BMW 328i Sedan Lease Offer-Please advise ASAP! [mdiver65] by Car_man HOST
Apr 02, 2007 (3:10 am)
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Replying to: mdiver65 (Mar 28, 2007 10:03 pm)

Hi Mark. A $2,000 discount on this car is pretty good. It never hurts to comparison shop with a few dealers before finalizing one's deal, but this is a reasonable discount on this car. You're right, the dealer that you are working with is attempting to mark up BMW Financial Services $625 acquisition fee by $200, so you are essentially only getting an $1,800 discount on this car...which still isn't bad. Make sure that the dealer uses BMW FS' buy rate lease money factor to calculate your monthly payment and you're all set.
 
Car_man
Host
Prices Paid Forum

 
P.S. You would be better off if you don't make any capitalized cost reduction when leasing.
#1389 of 3226
Re: Is this a good deal? (335i sedan) [Car_man] by wbb56
Apr 02, 2007 (5:15 am)
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Replying to: Car_man (Apr 02, 2007 1:25 am)

Car_man,
 
The salesman is telling me that since he's discounted the car show much--AND thrown in the BMW mats, he's got to markup the MF. I've protested, but so far, no luck. This is the 5th dealer I've worked with in an attempt to get a car. His price is fair--MF not. Two other dealers did not markup the MF--one made up the difference in the selling price and wouldn't budge--the other was my local dealer who made a deal with me--then apparently didn't like the deal and backed out-even with a deposit, signed, sealed, etc.. They've offered to make it up to me--but I'm done even attempting to do business with them.
The other dealers all marked up the MF the BMW max. of .0004-and actually laughed when I asked for the base rate. Maybe it's the southeast region--maybe there's not as much competition--but I am having a heck of a time buying a car!
 
Thanks very much for your input--I am going to make one more stab at this thing--try to get a car--and get the base MF rate.
#1390 of 3226
Re: Southern California - Palm Springs [Car_man] by cdnpinhead
Apr 02, 2007 (5:22 am)
Reply

Replying to: Car_man (Apr 02, 2007 3:06 am)

Car_man -- thanks for all the useful input. I can see why it might take awhile between visits to any specific leasing board.
 
You mentioned frequently that the money factors you were using are valid through midnight tonight. When you can, I'd appreciate hearing what they'll be, going forward, particularly on the 3-series sport wagon (RWD, if it matters).
 
TIA.
#1391 of 3226
Good Deal on 2007 328 coupe by l0m6905
Apr 02, 2007 (7:00 am)
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I need to know if this is a good deal:
 
selling price $37,965
taxes,fees & dues: $1,760.55
trade in ($1,641.23)
Gross Capitalized cost: $41,366.78
Capitalized cost Reduction: $1,924.83
lease 36 months/12,000 miles
down payment $2,500
monthly payment w/ tax $575.17
residual: 60%
sec. deposit waived
 
please help
Thank You
#1392 of 3226
Re: Good Deal on 2007 328 coupe [l0m6905] by delta737h
Apr 02, 2007 (8:09 am)
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Replying to: l0m6905 (Apr 02, 2007 7:00 am)

Re: #1391
 
10m6905,
 
There is too much information missing to evaluate intelligently. The first thing I notice is a down payment of 2500, yet the cap cost reduction is only 1924.83. This doesn't make any sense. Down payment is included in the cap reduction and is considered to be a capitalized cost reduction. It does not include items that you would pay at lease signing like a license/title/registration fee. People often confuse the term down payment and use it incorrectly to include items that are paid at lease signing.
 
What vehicle are you considering? What is its MSRP? What is your sales tax rate and in which state do you reside? I have no clue what taxes, fees, and dues amounting to 1760.55 consists of... can you itemize these? What is the money factor? Any acquisition fee? If so, how much?
 
If you can provide this info, I'll be in a much better position to navigate my way to an answer.
#1393 of 3226
Re: Good Deal on 2007 328 coupe [l0m6905] by grafix1
Apr 02, 2007 (11:22 am)
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Replying to: l0m6905 (Apr 02, 2007 7:00 am)

First of all, don't let the salesman tell you that you have to pay sales tax on a lease vehicle. The only tax you ought to pay is your monthly payment. Let's do some math...If the vehicle you're leasing for 36 months should not come out to be more than half of the price of the actual value of the car (rememeber 60% residual. Take $575x35m+$1,924=xyz. This is how you determine whether you're getting a good deal or not. to me, it looks like you're getting ripped. finally always know your numbers on your head before coming to the dealership. Never let the salesdude ask you how much you wan't put down and how much can you afford monthly payment. Tell him give you a best deal possible...Must know the invoice price and start from there. Good luck dude!

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