- #1732 of 3201
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Re: Does Lease, Then Buy as a CPO Make Sense? [moocher]
by cdnpinhead
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Aug 22, 2007 (1:20 pm)
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Replying to: moocher (Aug 22, 2007 10:44 am)
"Boy was that ever wordy."
Not so much, and helpful words to boot. Interesting analysis.
I can't emphasize enough that leases only make sense to people who can't write them off as business expenses when the manufacturer "supports" them with artificially high residuals and/or low interest rates. BMW is in there with botht feet at the moment, but that could change. Always pays to do exactly the analysis that you presented so well. Even considering the tax implications, with today's lease rates, it does appear to make sense to lease . . . right now . . . but maybe not next month.
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- #1733 of 3201
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Re: Does Lease, Then Buy as a CPO Make Sense? [cdnpinhead]
by moocher
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Aug 22, 2007 (2:19 pm)
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Replying to: cdnpinhead (Aug 22, 2007 1:20 pm)
Thanks cndpinhead for the kind words. Your point is well taken. I actually had a bead on an Acura TL in July and then by the time August came around, the residuals cratered and the money factor rates went skyward. The 328i may be a terrible lease in September and a screaming cash buy. Nobody knows until their corporate finance department fiddles with the numbers.
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- #1734 of 3201
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328i Lease questions.
by jr2219
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Aug 22, 2007 (5:09 pm)
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My wife has a 2005 325i that is several months away from the end of the lease term. Recently, we went to a local dealership to do some preliminary leg work to see what the cost would be for a new 328. The sales person told us that he would be able to get her into a new car now. He explained that BMW financial would essentially eat the last few months of payments to facilitate the new vehicle. Yesterday we get a call that the terms of the deal had changed and that in order to get this new vehicle we would have to pay for the last payments for the car she has now and the fees, etc for the new car. Does anyone know of any program to turn in a car early? In this case the car is due in November. Also, what is the truth on the MF for the car (328i Sport, Premium Package, Xenon lights) and any customer loyalty programs through BMW Financial? The sales person we dealt with made the numbers of the deal very vague. I appreciate the help.
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- #1735 of 3201
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Re: 328i Lease questions. [jr2219]
by kateki
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Aug 22, 2007 (9:36 pm)
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Replying to: jr2219 (Aug 22, 2007 5:09 pm)
I had the exact same experience when I started looking into turning in my X5 for a 5 series. BMW has a "pull out" program where it claims it will pay off the last 2-3 months of your lease if you lease another vehicle. After settling on a number, the dealer came back the next day (today) and told me she had to add the final two payments into the new lease. I walked away from the deal and was later told by another dealer, that BMW Financial covers the final payments, so the first dealer should not have tried to recoup those costs. I'm getting conflicting info on this from various dealers.
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- #1736 of 3201
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Re: 328i Lease questions. [kateki]
by jr2219
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Aug 22, 2007 (9:58 pm)
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Replying to: kateki (Aug 22, 2007 9:36 pm)
I just wish that it was possible to get a straight answer from a dealer. We have an email into BMW Financial Services to see if it possible to get an actual idea as to what we are truly working with. I have never seen such resistance to entering a new lease for customers in good standing.
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- #1737 of 3201
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Re: 328 xi lease offer [pete_l]
by Car_man HOST
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Aug 23, 2007 (1:17 am)
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Replying to: pete_l (Jul 28, 2007 10:12 am)
Welcome Pete. $900 over dealer invoice sounds like a reasonable price for this car to me. You can always stop by the following discussion to compare this price to what other community members have reported paying for similar cars lately though: "BMW 3-Series: Prices Paid & Buying Experience". Just make sure that the dealer you are working with uses BMW's latest buy rate lease money factor of .00150 (with the payment of a security deposit at lease signing) to calculate your monthly payment and you're in business.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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- #1738 of 3201
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Re: Please evaluate this deal [ericliaw]
by Car_man HOST
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Aug 23, 2007 (1:19 am)
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Replying to: ericliaw (Jul 30, 2007 3:57 pm)
Hi ericliaw. The selling price that you were quoted looks pretty good to me. Just make sure that the dealer that you are working with uses BMW Financial Services' latest buy rate lease money factor of .00150 (for a lease of an '07 328xi with the payment of a security deposit at signing) and you're all set.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #1739 of 3201
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Re: Looking for AUGUST RATES! [morales4]
by Car_man HOST
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Aug 23, 2007 (1:26 am)
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Replying to: morales4 (Aug 03, 2007 12:04 pm)
Here's the information that you're looking for, morales4. BMW Financial Services' August buy rate lease money factor and residual value for a 24 month lease of a 2007 BMW 328i with 15,000 miles per year are .00140 and 71%, respectively. The numbers for an otherwise identical 36 month lease are .00140 and 61%. It is difficult to say what BMW's lease program will be like when the 2008 3-Series is introduced. However, I am sure that dealers will be more willing to discount a 2007 model now than they will be willing to discount the 2008 models when they first arrive.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #1740 of 3201
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Re: Interest Rates for BMW Coming Off Lease But Not CPO [oceana143]
by Car_man HOST
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Aug 23, 2007 (1:37 am)
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Replying to: oceana143 (Aug 04, 2007 9:23 am)
Hi oceana143. BMW Financial Services is currently offering special lease rates on the 2007 3-Series, but no special rates for conventional loans. If you want to finance the 3-Series that you are interested in right now, you will either have to do so through BMW FS using its standard interest rates or go through an independent bank. Chances are that you will be able to find an independent bank that has a more attractive rate than BMW FS' standard rate. It is in your best interest to get pre-approved to finance the car that you want with a bank or credit union prior to discussing financing with dealers. Doing so will give you an idea of what rate you qualify for and it often motivates dealers to try to beat the rate that you already have in hand.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #1741 of 3201
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Re: Lease Deals in Los Angeles [john634]
by Car_man HOST
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Aug 23, 2007 (1:40 am)
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Replying to: john634 (Aug 04, 2007 10:06 am)
Congratulations on getting good deals on your new vehicles, john634. Thanks for taking the time to share the details of your lease with everyone. Make sure to stop by the new Dealer Ratings & Reviews section to share your thoughts on your recent dealer experience. Enjoy your new rides!
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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