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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
3221 messages, Last post on Dec 06, 2009 at 1:34 PM
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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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Replying to: boomer23 (Jan 28, 2008 3:08 pm) MSRP 48,195 Base Cap Cost of car is 45,850 costs added to lease 1,324 residual 61% money factor .00245 The MSD don't make any sense for me since i get 12% on my money, which in turn makes no sense to put any money down as u said before. So with this I'd be looking at a payment of 729 a month......pretty good or no?
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Replying to: snuffie381 (Jan 28, 2008 3:55 pm) I see that your cap cost is $45,850, $2345 less than MSRP. If all of that is a discount by the dealer and not from your cash contribution, that is a very aggressive discount on a 2008 335i Coupe. He's probably making some of that profit back in fees, hence the $1324 rolled into the lease. The lowest amount you could expect to pay in fees would be a $625 bank fee. Anything additional is probably dealer profit. This is usually listed as training fees, "MACO" and other fees. To improve the deal, see if you can negotiate any of that $1324 down. (I assume that you're paying a $750 security deposit up front to get the base money factor rate, along with license tags and other minor fees, and that the security deposit isn't rolled into the lease). Congrats on getting 12% on your money in today's economy.
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Replying to: boomer23 (Jan 28, 2008 6:36 pm) |
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