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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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Hello crock22. According to the latest information that I have seen, if you were to lease a 2006 BMW 325i through BMW Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00250 and 61%, respectively. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to work up a sample lease payment on the car that you are interested in for you if you let me know what these numbers are. Car_man Host Smart Shopper / Prices Paid Forums
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Hi christin. BMW's lease program is a little worse on the 2006 325xi than it is on the 2006 325i, plus it is a more expensive car, so chances are that your lease payment on a 325xi will be higher than the one that you saw advertised on the 325i. I would be happy to calculate a sample lease payment on the car that you are interested in for you using BMW's actual lease program is you provide me with its full MSRP (with the destination charge added in) and an approximate selling price. If you were to lease a 2006 BMW 325xi through BMW Financial Services right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00280 and 71%, respectively. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Sep 19, 2005 3:17 am) In order to keep my payments below 400 an I going to have to put down a few grand? I would prefer to do only a max of 2000. Let me know what you calculate it out to be. thanks again, Christin |
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Replying to: christin (Sep 18, 2005 7:42 pm) Would you mind telling me where you are getting this deal from? I was looking at the lease BMW offers thru there website. Does any one recommend it? Anyone seen better deals out there? 325i Base Model $407*/month for 36 months 10,000 miles per year $3,342.00 cash due at signing
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Replying to: bmw09 (Sep 19, 2005 3:48 pm) |
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Hello All, Would this be a reasonable deal? Metallic Paint, Terra Leather, Sports Pkg, Heated Seats, Comfort Access, Park Distance Control, and Aluminum Pedals (Assuming MSRP = Invoice for pedals). MSRP (BMW Site) 42,205 Invoice (Edmunds) 38,700 Cap Cost 40,500 (not a valid offer from dealer yet) Sec Dep 750 (Part of Upfront Payment) Acq Fee 625 (Part of Upfront Payment) MF 0.0025 Term 12 mo Mileage 12,000/yr Residual 62% Down Payment 0 Ohio Tax 6.75% Monthly Payment 602.93 (incl Tax) Please let me know if I have overlooked anything. Thanks and regards, SS
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Thanks for the additional informaiton, Christin. Let's calculate a lease payment on this car and see what we come up with. According to my calculations, if you were to lease a 2006 BMW 325xi with an MSRP of $34,820 and a selling price of $32,820 through BMW Financial Services right now for 24 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $499. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your 325xi would be exactly the same, regardless of whether you had put several thousand dollars down, or had made absolutely no down payment at all. If you really want to keep your monthly payment below $400 though, you would need to make a capitalized cost reduction of around $2,250. this would put this car's pre-tax monthly payment at aruond $398.48. Of course, once tax is added in, you will either have to pay it at lease signing or make an even larger down payment to stay below $400 per month. Car_man Host Smart Shopper / Prices Paid Forums |
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Greetings desi1. Both the lease money factor and selling price that you were quoted for this car look reasonable to me. The factor is right in line with BMW Financial Services' published factor for a 12 month lease of this car. You may want to stop by the following discussion for additional feedback on the selling price that you were quoted: "BMW 3-Series: Prices Paid & Buying Experience". This is going to be a very expensive lease though because it is only for 12 months. New vehicles experience their highest rate of depreciation during the first 12 months of ownership. Car_man Host Smart Shopper / Prices Paid Forums |
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Car_man I need your learned advice on whether the lease offer I've received for a 325i is any good. Looking at the numbers that others have posted, mine seem rather high. MSRP: $34,445.00 Term: 36 mo Mileage: 10,000 Down Payment: $1000 (covers first payment and all taxes/fees) Monthly Payment: $577.32 (includes all taxes/fees) Thank you in advance for your much welcomed opinion. |
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Hello. Just wondering if anyone would consider this a good deal: 2006 325i Premium Package Metallic Paint Automatic transmission MSRP: $36,320 36 months, 20K miles/year $5,000 down, includes inception fees 58% residual value $560 total due per month Trade: 2001, Mustang Convertible GT, 72K miles Trade in value: 11K Any help would be greatly appreciated. Thanks.
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