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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
3225 messages, Last post on Dec 08, 2009 at 3:05 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: ladycjb (Dec 01, 2007 2:21 pm) http://www.bimmerfest.com/forums/showthread.php?t=241253 Lots of other good advice on leasing on that site as well. Regarding your credit rating, I was told that BMW uses a "pass or fail" method, meaning that you either qualify or you don't, and if you qualify, they don't adjust your lease factors for higher or lower credit ratings, everyone gets the same rates. Good luck! |
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I found the one! Titanium/Black loaded w/ NAV, Sport, Premium, Comfort Access, IPOD, Htd Seats, 2 yr 15K, $1000 drive off $700 exactly per month including 8.25% tax and safe lease return. It was $200 below invoice (but agreed to pay $825 bank fee so essentially got it at invoice as base is $625) and got he buy rate MF of .00200. Love it!!
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Thanks for all your replies! They've really helped. |
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Replying to: jmcbmw (Dec 02, 2007 3:33 pm) |
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Replying to: jmcbmw (Dec 02, 2007 3:33 pm)
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Replying to: smithsonga (Dec 05, 2007 4:18 pm) |
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just got back from making a deal on a 2008 bmw 328xi and thought i would share - hopefully it will help someone out. 2008 BMW 328 xi with premium package, cold weather package, ipod adaptor, automatic. MSRP - $40,858 (invoice - $37,640) Cap Cost - $38,540 36 months - 12,000 miles per year Residual - 63% Money Factor - .00165 Down Payment - $0 Monthly Payment - $496.54 (this includes tax) Due at signing - $2089 (Acquisition $625, First Month $496, Security Deposit - $500, Registration - $262.50, Doc Fee - $199, Tire Tax - $6) It was the easiest car deal i ever made and i highly recommend BMW of Freehold in NJ - John McBride was the salesman - very easy to deal with - no shady dealings. let me know if you have any questions! 
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Replying to: niclaf77 (Dec 08, 2007 3:45 pm) 1. i know that the msrp is DEFINITELY the first place to start. i am getting the idea that i should not be paying more than $1000 above invoice. 2. is the residual value fixed or negotiable? and does changing the lease from 10k to 12k to 15k change the overall please price much? 3. is the money factor another value which is set by BMW financial and non-negotiable? 4. what exactly is the bank fee and is that something which is required, or again is it negotiable? any other tips regarding negotiating with dealers. i am trying, for the first time, not to negotiate the monthly price but instead to haggle down each parameter to the lowest and then just plugging in the calculation in hopes of a better deal. thanks to everyone in advance.
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Replying to: futurebmw (Dec 10, 2007 10:16 am) 1 - the msrp is the sticker price on the car and i found with bmw - it seems to be about $3000 over invoice. you can go right here on edmunds.com and build a car the way that you want it and it will tell you both msrp and invoice of the car. it will also tell you what other people are paying in your area. it depends on the type of car - for bmw, i would try to pay no more than $1000 over invoice - this can be easy or hard depending on how popular the car is and how bad they want to make a deal. see my deal above - i saved about $2100 off msrp and paid about $900 over invoice. 2- the residual percentage is set by bmw each month. the residual values are different for each car and are also different depending on how many miles and lease term. for example - a 3 month lease with 10,000 miles a year on the bmw 328xi had a residual of 64% - with 12,000 miles, it went down to 63%. you can usually come on here and find out what the residuals are on the car that you are looking for. they are not negotiable so you want to make sure they are not using a different number and making money off of you. 3- the money factor is also set by bmw each month and each car has a different one - this is your interest rate - be careful as some dealers try to mark these up to make a profit. again, you can come on here and find out what the money factor is for the car you are looking at. 4- the bank fee is $625 for bmw - some dealers try to mark it up to $825 but i would not pay more than $625 for this. i don't think it is negotiable with bmw. i know that some dealers will waive this fee if you have tier one credit but i am not sure if bmw is one of them. i would go to the dealer equipped with all of the numbers above as well as the target price you are looking to negotiate for the car. also, use the lease calculation with those numbers to get an idea of what your payment should be, before you go in. also, bring the equation with you and a calculator so that you can plug the agreed upon numbers into it while you are there. good luck and i hope some of this was helpful! nicole |
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okay a friend of a friend of mine got a 2007 335i coupe its alpine white/coral red with: Walnut Trim 6MT Transmission Premium Package Sport Package Navigation Lease Term - 36 months (34 payments remaining) Lease Mileage - 10K per year Lease Payment - $629 including taxes car has 986 miles on it the thing is he is moving overseas.is it worth taking it over?
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