- #1742 of 3184
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Re: 335i Sedan 3yr/12k [vikvaliant]
by Car_man HOST
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Aug 23, 2007 (1:44 am)
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Replying to: vikvaliant (Aug 04, 2007 1:01 pm)
Hi vikvaliant. The money factor that you were quoted is too high. BMW Financial Services' August buy rate lease money factor and residual value for the 2007 335i is only .00175. It provides a .00007 reduction for every additional money factor that consumers make, up to a total of 7 additional deposits. This would result in a .00049 reduction in your vehicle's money factor, putting the buy rate at .00126. Shoot for that. Furthermore, the dealer that you are working with is marking BMW FS' base acquisition fee up by $200. Try to get that knocked off as well.
Car_man
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- #1743 of 3184
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Re: 07 BMW 328i coupe lease....is it good? [kanchis]
by Car_man HOST
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Aug 23, 2007 (1:50 am)
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Replying to: kanchis (Aug 06, 2007 4:38 pm)
Hello kanchis. Have you tried comparison shopping with a couple other BMW dealers? You can't do much worse than paying full MSRP for it, so you don't have anything to lose. Make sure to stop by the following discussion to see how much other community members have paid for similar cars lately: "BMW 3-Series: Prices Paid & Buying Experience".
Not only are you paying full MSRP for this car, but the dealer that you are working with is marking its money factor up as well. BMW Financial Services' current buy rate lease money factor for the 2007 328i Coupe is only .00160 with the payment of a security deposit and .00175 with the deposit waived. Make sure that the dealer uses this rate to calculate your car's monthly payment.
I suspect that you will be able to beat this deal by shopping around.
Car_man
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- #1744 of 3184
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Re: How is this deal? [knowrat]
by Car_man HOST
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Aug 23, 2007 (2:00 am)
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Replying to: knowrat (Aug 10, 2007 7:05 am)
Welcome knowrat. Since you have never leased before, 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.
The selling price that you were quoted for this car is OK. Consumers who are in an area that has a decent level of competition are usually able to beat Edmunds.com's TMV for vehicles. Make sure to stop by the following discussion to see how much others have paid for similar cars lately: "BMW 3-Series: Prices Paid & Buying Experience".
Also, the dealer is marking up your car's money factor to add additional hidden, back-end profit to your deal. BMW Financial Services' buy rate lease money factor for the '07 335i is currently only .00175 with the payment of a security deposit at lease signing. Try to get the dealer to use this money factor to calculate your monthly payment.
I am not personally all that familiar with what the Austin, TX market is like, but I suspect that you will be able to beat this deal by shopping around with a couple other dealers.
Car_man
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- #1745 of 3184
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Re: lease 328xi $563.75 in IL fair deal? [osetia1]
by Car_man HOST
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Aug 23, 2007 (2:07 am)
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Replying to: osetia1 (Aug 10, 2007 9:58 am)
Hello osetia1. $500 over dealer invoice + MACO is a good deal on an '07 328xi. Unfortunately, it appears as though the dealer that you are working with is making up for some of the profit that it lost on the front-end of this deal by marking up your car's money factor and acquisition fee. BMW Financial Services' current buy rate lease money factor for this car is .00150 with the payment of a security deposit at lease signing. Its base acquisition fee is $625. See if you can get the dealer to give you this price and use the buy rate and base acquisition fee. If you can do this, this will be an excellent deal.
Car_man
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- #1746 of 3184
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Re: returning a lease [d9o9c]
by Car_man HOST
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Aug 23, 2007 (2:10 am)
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Replying to: d9o9c (Aug 10, 2007 2:33 pm)
Hi d9o9c. The condition of your current vehicle doesn't really have anything to do with the dealer that you got it or your new car from. It is between you and BMW FS. I don't believe that it is all that strict when evaluating returned vehicles for excess wear and tear, but you may end up getting assessed a penalty for any major dings or scratches.
Car_man
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- #1747 of 3184
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Re: BMW 3-Series: Lease Questions [962chat]
by Car_man HOST
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Aug 23, 2007 (2:13 am)
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Replying to: 962chat (Aug 14, 2007 4:32 pm)
Hi 962chat. $600 below dealer invoice is a very good price for a 2007 328xi, even one that already has 3,000 miles on it. I usually find that dealers are not willing to discount demo vehicles enough for me to justify purchasing or leasing one over a similar brand new car, but this deal is pretty good. Just make sure that the dealer you are working with uses BMW Financial Services' current buy rate lease money factor of .00150 (with the payment of a security deposit at signing) to calculate your monthly payment and you're in business.
Car_man
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- #1748 of 3184
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Re: 335 i sedan Lease [ixjunitxi]
by Car_man HOST
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Aug 23, 2007 (2:15 am)
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Replying to: ixjunitxi (Aug 15, 2007 5:28 pm)
Hi ixjunitxi. The car that you described probably has a spread of around $3,200 between its full MSRP and its dealer invoice price. You are only being given a discount of $850 on it. You are in an area that has a decent amount of competition, so I personally would not be surprised if you were able to beat this deal by shopping around a little bit.
Car_man
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- #1749 of 3184
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Re: 2007 BMW 328Ci Convertible [kmouradian]
by Car_man HOST
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Aug 23, 2007 (2:21 am)
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Replying to: kmouradian (Aug 21, 2007 4:38 am)
Hey kmouradian. BMW is not currently providing any lease support on the 2007 328i Convertible. As a result, if your friend wants to lease one through BMW Financial Services, she will have to use its standard lease money factor. I believe that its buy rate standard money factor varies somewhat by region, but it is probably currently around .00320 or so with the payment of a security deposit. BMW FS' current 36 month, 15,000 mile per year residual value for this car is 60%. BMW FS will waive its security deposit requirement for free tor returning lessees.
Car_man
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- #1750 of 3184
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Re: BMW 3-Series: Lease Questions [themachine]
by Car_man HOST
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Aug 23, 2007 (2:28 am)
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Replying to: themachine (Aug 21, 2007 8:02 pm)
Hi Eric. What you heard is correct. BMW publishes a new lease program every month or two. Consumers who order new vehicles can usually lock-in the program that was available at the time that they ordered it. If the program that is available on the car when it arrives is more attractive than the one that has been locked in, consumers can usually take advantage of the new program. Through August 31st, BMW Financial Services' buy rate lease money factor for the 2007 335i Coupe is .00200 with the payment of a security deposit at lease signing. Make sure that the dealer you are working with uses this factor to calculate your monthly payment. If they use a higher factor, they are marking up your car's money factor to add additional hidden, back-end profit to your deal. this dealer is marking up BMW FS' base acquisition fee of $625 as well.
The other negotiable aspect of your deal is your car's selling price. You should try to negotiate as low a selling price as possible on the vehicle that you want. Ideally one would negotiate as low a price as possible before placing the order for the car that they want.
Car_man
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- #1751 of 3184
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Re: Car_Man Elite Tier Question [moocher]
by Car_man HOST
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Aug 23, 2007 (2:33 am)
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Replying to: moocher (Aug 22, 2007 9:25 am)
Hey moocher. Unlike some other banks that have tiered money factors, BMW Financial Services' special lease program uses a pass / fail system. Either one qualifies for its best money factors on a vehicle or they don't. I believe that the only time that the factor your credit score is so good would have an impact upon your vehicle's money factor is if you were leasing one that does not have a special program available on it. On unsupported vehicles you would be able to use BMW FS' best standard money factor to calculate your lease payment.
Car_man
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