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BMW 3-Series Lease Questions

2493 messages,  Last post on Oct 05, 2008 at 6:44 PM

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

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#1637 of 2493 BMW 328i Lease by idyll Jun 25, 2007 (11:11 pm)
I went to a local BMW dealer here in Sarasota, FL and was quoted $499 per month with $0 money down for a BMW 328i, and $399 with about $2k down. Is this a good deal?
#1638 of 2493 more info.. by idyll Jun 26, 2007 (11:33 am)
Oh, by the way.. the $399.00 per mo. is with $2900.00 down.   Msrp $34,450.00 factor .00155
#1639 of 2493 328i Lease Offers.. by totowa Jun 26, 2007 (7:50 pm)
Hi Carman, First, I appreciate all you guys providing such a good information here.   I am getting two different offers from two different dealers. Since I decide to go with one in stock, both 328i come with different options but not much in difference. Both dealers used a current BMW lease MF/RV(0.00140/61%).   Dealer 1 328i MSRP 36420(Inv 33585) Base Cap Cost: $34355 Mo Pmt: $443.00 (Inc Tax) Up-front cost: 1st month 450 + Bank Fee 625 + Doc 249 + MV Fee 337 + Security Dep 500= 2161   Dealer 2 328i MSRP 35425(Inv 32680) Base Cap Cost: $33425 Mo. Pmt: 433.64 (inc Tax) Up-front cost: 2167 Total(He didn't itemized but he said Sec Dep was 450)   Despite of having $50 difference in security deposit, both dealers had same up-front cost. Do I have any room to lower up-front cost?   Thanks in advance. Replies to this message: guy1974 (Jun 27, 2007 7:09 am) kocsi1 (Jun 30, 2007 10:35 am)
#1640 of 2493 Re: Summary of lease rates/terms [black00] by guy1974 Jun 27, 2007 (7:03 am)
Replying to: black00 (Jun 25, 2007 12:49 pm) If you go to bimmerfest.com and look at the dealer questions forum at the top is the June figures. Around the 7th of each month the latest figures for all BMW cars/SUV's is listed. They cover 24, 36, 48 and 60 months and the simple calculation to convert from 15K to 12 or 10K a year mileage. Hope this helps.
#1641 of 2493 Re: 328i Lease Offers.. [totowa] by guy1974 Jun 27, 2007 (7:09 am)
Replying to: totowa (Jun 26, 2007 7:50 pm) The difference in upfront is only $6 and even with the small difference in the security deposit ($50) they could easily have a different doc fee or bank fee (acquisition fee which is $825 at most).This is all marginal. There is no way to really reduce your up front payment unless you want to waive your security deposit which increases the money factor by 0.0015 and therefore increases your monthly payment. The acquisition fee and doc fee are pretty much fixed unless your dealer rolls it all in your lease and then you pay interest on that - which will cost more over the term of your lease.
#1642 of 2493 Re: BMW 3-Series: Lease Questions [Car_man] by d9o9c Jun 27, 2007 (11:11 am)
Replying to: Car_man (Aug 31, 2005 3:10 am) Car_Man,   Great info. I currently lease a 330xi through BMW Financial which expires in September.   I'm looking to get a 335xi sedan, jet black, with premium package, cold weather package, steptronic transmission, and rear parking sensor.   36 month lease, 12K miles a year, due at signing just security and 1st month. Car registered in New York.   got a quote for 44,415, residual 63%, money factor of .00275, with a monthly payment of 706 per month.   I noticed the money factor for the 335i on some of the posts were much lower. What is the money factor for the 335xi sedan?   Much obliged,
#1643 of 2493 Lease offer on 335i Sedan - PA by rasta2 Jun 27, 2007 (1:46 pm)
Offered this by PA dealer   BMW 335i Sedan   MRSP 45,400 (invoice 41770) Ask price 43,775 36 mos / 10K per year Money factor .00215 Residual 29056 Cash up front 2158 (Acq. fee 650;Sec. deposit 650; 1st pay 612; tags/fees approx 246) Monthly payment 612 (incl. 9% lease tax)   The sales guy says he can knock off a few dollars, but that's it. He said the Money factor was per BMW Financial, but looking at other posts it looks like it should be lower (.00175).   Any thoughts?   RV Replies to this message: guy1974 (Jun 27, 2007 6:10 pm) kocsi1 (Jun 30, 2007 10:43 am)
#1644 of 2493 Re: Lease offer on 335i Sedan - PA [rasta2] by guy1974 Jun 27, 2007 (6:10 pm)
Replying to: rasta2 (Jun 27, 2007 1:46 pm) I have copied this straight off Bimmerfest :    2007 BMW 335i Sedan 24 Month – Residual 71% of MSRP – .00175 Base Rate 36 Month – Residual 61% of MSRP – .00175 Base Rate 48 Month – Residual 42% of MSRP – .00320 Base Rate 60 Month – Residual 34% of MSRP – .00320 Base Rate   2007 BMW 335xi Sedan 24 Month – Residual 71% of MSRP – .00275 Base Rate 36 Month – Residual 61% of MSRP – .00275 Base Rate   So the 335xi has a higher money factor than the non all wheel drive version (same for 328i vs 328xi). The buy rate is the minimum that is charged and dealers can charge upto 0.0004 extra. The residuals quoted are for 15K miles a year.
#1645 of 2493 Re: Lease offer 335i sedan [mwlmd1] by megaphani Jun 30, 2007 (9:33 am)
Replying to: mwlmd1 (Jun 05, 2007 3:51 pm) Hell ML,   335i sedan titan met with black. prem, sport, cold, paddle, step, CA, SAT MSRP $47700. Invoice $44065. Cap cost $45565. $625 aqu. $650 sec deposit. zero cap reduction. MF .00175 Resid 74% 24mo and 10K mi a year. pmt $605/mo   i am looking for the same exact car. can you let me know which dealership you got this deal from ?   thanks Phani Replies to this message: mwlmd1 (Jun 30, 2007 3:18 pm)
#1646 of 2493 Illinois leasing? by kocsi1 Jun 30, 2007 (9:45 am)
Anyone here from Il? I'm lookin to lease a pretty simple 328i with met paint, AT, and heated seats. The dealer out in Schaumburg had what I wanted, except it had powerseats. He quoted me a price "special" at 1378 over invoice. Basing on what I've read, ppl's experiences with negoatiations there has been ppl getting their cars near invoice! So I offered barely above invoice, he said it was below invoice. I said no, then he said that doesn't include training and marketing fees, I said it's not for me to pay (but I guess it is?) and that it's already a 6% off of something. I said the profit margin is 8%, he says they don't take holdbacks (although earlier he said none are offered at all). Then he says "Well maybe you should find another dealer." Which more-or-less his way of saying "buzz off jerk". He seemed hesitant to find out the MF and other details. Should've been a sign. And this was the internet manager! Amazing!   Any tips on the manner you guys are approaching negotiations? Obviously this one didn't work out! I figured he'd at least work up from my offer, but nothing! I wasn't trying to swindle the guy or I would've offered below invoice! geez! Replies to this message: guy1974 (Jun 30, 2007 4:23 pm)

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