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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
3219 messages, Last post on Dec 05, 2009 at 7:06 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi jpy. Yes, I have had an opportunity to take a look at BMW's new September lease program. I would be happy to give you an idea of what it is like if you tell me what model are you interested in, how long do you want to lease it for, and how many miles per year do you need to be able to drive it. Car_man Host Smart Shopper / Prices Paid Forums |
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Car man, Here are my numbers: 2006 330i 36 or 24 months 15k per year
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Replying to: Car_man (Sep 05, 2005 1:50 pm) |
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Does anyone have the new lease numbers (MF & Residual) for a 2006 330i - 36 or 24 months - 15k per year? I can't seem to get an answer....thanks in advance. JPY
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Replying to: jpy (Sep 11, 2005 6:03 am) 24 mo/15k mi – 69% Residual – Money Factor .00250 36 mo/15k mi – 60% Residual – Money Factor .00250 regards, kyfdx Host-Prices Paid Forums |
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Hi ultimate_dm. According to the latest information that I have seen, if you were to leasen a 2006 BMW 330i through BMW Financial Services right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00250 and 62%, respectively. Car_man Host Smart Shopper / Prices Paid Forums |
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I am about to lease a 06 330i demo for 36 months and 10k per year (I plan on purchasing at the end). MSRP is 42070. I have been offered price of 38975. (will negotiate lower to about 38000-38250, otherwise i wont buy it). But the quote sheet has an adjusted residual of 26315. That number is not 62% of either the MSRP or the quoted price. How is that number calculated? It seems too high when my payments total 18536.04 (514.89/month x36) (MF is .0025). Should the purchase price at the end be lower? Is the residual the acual lease buy-out at the end? Is the buy-out negotiable? Also, do you think BMW dealerships should be more flexible in negotiating a sale price when they sell a demo car? The do give and extra 3months/5,000 miles on the warranty, but the car is still slightly used (1500miles). What should be the highest price I should pay on this car? I think 38975 is too high. The edmunds invoice is 38250. should that be my highest on this demo? Should I shoot for 38000? I appreciate the advice and help. I want to make sure i am getting a really good deal on this car since it is not "new" even though it looks perfect. I initially was going to buy a 06 325i but this demo was a seemingly good alterative. This is my first car purchase I dont want to get screwed.
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Replying to: moneyb24 (Sep 15, 2005 4:33 am) But, getting to your residual question... I'm sure the residual is being reduced a certain amount, to account for the extra mileage already on the car.... Maybe $0.10, $0.15 or $0.20 per mile.... Play with the calculations and see if that makes the numbers come out right.... regards, kyfdx Host-Prices Paid Forums
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Replying to: kyfdx (Sep 15, 2005 5:55 am) thanks for getting back to me so quickly. I will work on the Residual numbers and figure out what is going on. I am interested in your statement about demos not being a good buy. Are new BMW 330i's selling for anywhere near invoice price?...ie. a 42070 Msrp selling for 38250. The dealer stated that they only give 1000 off sticker! Is that a ploy? I didnt think people got large discounts (invoice pricing) on luxury vehicles...is this a misconception. does leasing they car instead of buying affect the negotiated price? Should the resuidual be calculated on the negotiated price or the MSRP? BMW dealer in dayton ohio stated that the residual is based on the MSRP while my lease payments are based the negotiated price. That does not seem right to me. Thanks kyfdx!
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Replying to: moneyb24 (Sep 15, 2005 6:06 am) 2) Residual is always based upon MSRP... because, the price you negotiate has no actual effect on what the car will be worth at lease end.. If you pay $1000 less than the next guy for the same car, they are still worth exactly the same, three years from now. 3) Your payments are based on the negotiated price.. which should be the same, whether you lease or buy.. (There are exceptions to this, when incentives are in place, but not in this case). If you are leasing with the intent of buying, then the residual is not as important... But, in a straight lease deal, you don't want the residual to go down along with the negotiated price.. that would end up costing you more.. High residuals = low lease payments.. If your intention is to purchase this car, I'd suggest shopping for the cheapest financing you can find, and just go ahead and buy it... You'll save acquisition fees, and your financing may be cheaper than the current money factor.. regards, kyfdx Host-Prices Paid Forums
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