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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
3218 messages, Last post on Dec 03, 2009 at 7:31 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I got the following deal, please tell me whether it is a good deal or not? Do I have any room for negotiation? I have no clue as this is my first lease. Please help! BMW 328Xi sedan AWD with Premium package, Sport package with 8 way power seats and lumbar, 6 speed steptronic automatic transmission, heated front seats, ipod and usb adapter, logic 7 sound system with surround sound, Black sapphire metallic paint exterior, beige leather interior with burl walnut wood trim. MSRP-------------------------------------- 43,375 Selling price------------------------------$ 41,875 Acquisition fee------------------------- 625. Capital cost reductions-------------- zero Residual value--------------------------- 63% Money factor----------------------------- .00175 Lease term-------------------------------36 months Monthly payment (12k)---------------------- 525.23 Security deposit----------------------- 550. |
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Replying to: satishd (Dec 13, 2007 8:02 pm) bmw 328i sedan steptronic transmission metallic paint premium package sport package xenon lights heated seats and here are the lease terms that i am interested in: 12k - 15k miles 36-39 months $0 down I have figured the msrp to be $41,075. satishd, you got a great payment for a car that has a higher msrp than i do. i want the payment to be under $500 no matter what. but obviously i want the cheapest payment that i can get. so here's the deal, 1) what factors whould i start to haggle on, and 2) when is the best time to buy, i.e. with regards to money factor and residual etc.. thanks.
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What do you guys think. I'm not thrilled with the out of pocket. If I could get this payment with $3K out of pocket I think I would jump at it. Am I being too greedy? I don't think I can expect anything more off of the car. I think I would try and get the money factor down to possibly .00175. 2008 335xi Black Sapphire Metallic / Terra Cold Weather Premium Steptronic Nav Sirius iPod MSRP - $49,820 Selling price - $46,850 ($2970 off MSRP !!!) Residual (36 mo / 10K miles per mo) - 64% Money Factor - .0020 Monthly payment - $580 Total out of pocket - $3800 ($580 first payment + $600 security deposit + $1,514 tax + $625 acqui. fee + $125 doc fee + $270 registration + sup title fee $188 = $3,902 (he will round it down to $3,800))
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Replying to: jackals (Dec 15, 2007 1:27 pm) I don't know how much of those doc fees, registration and supplemental title fees are pure profit for the dealer. You might challenge him on those. The $625 acqui. fee is the lowest they'll try to charge, but it is also pure profit, I hear. I'd work more on the total of those up front fees. The ones I read about most often on forums are something called MACO and training fees, and they usually total between $400 and $500. The money factor is set by BMW Financial Services and can't go lower unless you pay multiple refundable security deposits. You can pay up to seven additional S.D.s. Each one will lower your money factor by .00007, but BMW will have $600 of your money for 3 years for each S.D. you pay. They're probably still a good deal, though, if you figure that you'll save about $5.50 a month for each SD that you give them, so you save $200 over the life of the loan for each $600 that you lend BMW, which is an 11% return on your money, I believe.
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Replying to: boomer23 (Dec 15, 2007 11:13 pm) |
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Hi: Need advice, My lease expires 1/17/07, have 28,300 miles, Love the car, getting older-(63), do not want to go up in payments, but cannot find anything that keeps My interest more than thev BMW (Coupe!!!) Would it be feasible to re-lease the car, buyout is $26,200 , just put $1300 New-Run-Flats on car!! Does BMW work with You on these things, or do They really want the car back???? Also, 1 year left on Maintenance. Thanks, In Advance jpl
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Hey guys , I am interested in some feedback. I am currently negotiating a lease for a 2008 328 I. Right now the offer on the table is: MSRP $39,200 Selling Price $37,100 $0 Down $547 a month 36 Months 12k Year Money Factor .00100 Residual 67% All taxes and fees are rolled into the monthly. Thoughts????
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How are people able to negotiate the residual and money factor? I have talked to 4 different dealerships about a lease and every single one of them has told me that for 36 mos and 10K miles the residual is 64%. They all presented the same MF of .00200 also. Each has said that these are directly from BMW Financial Services and they are not negotiable. How are people getting better MFs and residuals?
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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
