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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
3224 messages, Last post on Dec 07, 2009 at 2:35 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: hopefall (Jan 25, 2008 3:12 pm) Source: Bimmerfest.com, "Ask a Dealer" section. |
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Replying to: companyman21 (Jan 25, 2008 12:05 pm) 2007 328i sedan standard package steptronic automatic MSRP: 34,550 Neg. Price: 32,500 Lease: 24 months / 15K miles per year rate: .00245 residual: .71 drive-off: 1,710 MF: 0.00165 monthly payment of 535.65 no deposits Is this a good deal? |
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Replying to: hopefall (Jan 25, 2008 3:12 pm) If you need more help, please feel free to email me or reply. |
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2008 335i coupe Alpine white red dakota leather nav sports package Sat Radio automatic paddle shifters 36 months/10K miles The MSRP of this car is $48,195, the only numbers i have are the monthly payments and out of pocket. $625 a month with $4,900 out of pocket, $625 of which is a security deposit. I'm not sure if this is a good deal or not, i know i don't have the specific numbers to be able to do the calculations, but i'm assuming someone on here can tell whether its a good/bad deal based on the 2 numbers i posted. Thanks.
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2008i 328i sedan Alpine White Black Leathrette Aluminum Trim BMW assist with Bluetooth Xenon headlights $34,725 according to BMW website Lease in Texas with: $3000 Estimated Trade-in Value $1000 Down 24 months 10,000 miles $359 a month according to BMW website Is this possible? |
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Replying to: snuffie381 (Jan 26, 2008 11:23 pm) That being said, does your $625 a month include taxes? The base money factor for this car for January is .00245 with 58% residual. If $625 of your $4900 is for a security deposit and there is a standard $625 bank fee and I assume $400 in other fees, you would be putting $3250 of your cash down toward the lease. If I assume that you are getting an $800 discount below MSRP, your payment would be about $625 before taxes. Depending on your local tax rate, if this payment includes taxes, the deal is better than it appears. If the above is true, your dealer may not be marking up the money factor or the bank fee, and may or may not be adding other dealer profit in fees such as "training" or "MACO" fees, but your discount off MSRP is only "okay", and you are putting $3250 cash down on the lease, which is not a good idea. I'd try to get close to this payment without putting any cash down. Use multiple security deposits and try to get a better discount from MSRP. Make the dealer itemize all of these details so that you know what you are being charged. Read up on leasing and get hold of a lease calculation sheet to see if it all makes sense.
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Replying to: boomer23 (Jan 27, 2008 4:49 pm)
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Replying to: snuffie381 (Jan 27, 2008 5:49 pm)
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Replying to: boomer23 (Jan 27, 2008 9:21 pm)
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Replying to: snuffie381 (Jan 28, 2008 2:29 am)
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