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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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Hello...I'm looking to Pick up a 328i coupe or sedan this Presidents Day Weekend. I would prefer the coupe but I will take the sedan if the coupe is out of my price range. Im looking to get the premium pkg on the car. I'm wondering if I could get the run down on what a good sale price would be and what the residuals and MF's are for feb on both the cars. I'm looking for 36/12K lease. I am a returning BMW FS customer and I would like to put 0 down and only pay drive off. Are there any incentives for the holiday weekend? (i'm in SoCal if that makes a difference) Im trying to keep my payments at $500/mo..is that possible?? Thanks to anyone that can help! |
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I've read a lot of these posts, but haven't found out how to get all the information to calculate a "good" lease payment. I am lookint at a 2008 335xi, with options the MSRP $48,475. I will be leasing in St. Louis Missouri. The terms are either 2 years/12k per year or 2 years/15k per year. I can't figure out how to find the residual value or money factor that is current, although I read that 0.002 is good/expected. Can anyone tell me if that, with the above 2/12k per year, if $615/month with total at signing $3600 (approx) is a good deal, and how negotiable that would be? The due at signing is 2500 + 1st month + 500 (?tax). Or even tell me how to get the numbers and calculate it?????? Thanks again.
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Replying to: stevek4 (Feb 16, 2008 5:35 am) However, those links won't do you much good without knowing the residual values & money factors for the BMW(s) you're interested in. Go to the Bimmerfest web site, select Forums & go to the Ask-A-Dealer section. At or near the top will be the current lease rates for every BMW sold in the U.S. These can change monthly (usually don't, but can), so if it's a few months before you're ready to pull the trigger, be sure to recheck. There are other things to know, like the standard $625 bank/handling fee that is often marked up to $825, and how multiple security deposits can lower the money factor enough to be the equivalent of a very nice return on the amount "invested" for the term of the lease. The security deposit amount equals the lease payment rounded up to the nearest $50. Never pay any money "down" as a cap cost reduction -- the only cap cost reduction you want is an outright discount off MSRP. Your out-the door cost should equal one month's payment, the $625 handling fee & your security deposit(s), plus possibly tax, though that's usually worked into the monthly payment. Those are the basics, but there's more if you're willing to read back through a few months (or years, if you're gung-ho) of the posts here. Good luck & let us know how it turns out.
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is this a good deal? prem package/sport/cold + nav, rear parking distance, and comfort access msrp $ 50,100 tax and title rolled in $685/month purchase option $30,5** I forgot the price the lease was based on.. it was suppose to be 700 above invoice. thx |
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FYI, BMW has special incentives on 3 series coupes and convertibles (only) till end of February on GROUND units only. Must be financed or leased through BMWFS.
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Could you please tell me if we negotiated a good deal? 328xi, automatic, black sapphire metallic paint, 15,000 miles premium and cold weather packages. MSRP: $40,925 Selling Price: $38,663 Residual: (61%): $24,964 Down Payment: $1500.00 (This includes aquitsition fee, dmv fees, and 1st months payment) Payment: 36 months  $490.00 + 10% tax = $539.00 Thanks! |
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Replying to: nm_socal (Feb 13, 2008 12:30 am) Most dealers want at least $1500 over invoice and charge more for above fees and Bank fee of up to $825 sometimes. I am not saying it's not possible. I could not find any after contacting 8 dealers around LA. I closed the deal with Center BMW in Sherman Oaks/ Van Nuys and dealt with their internet sales dept. directly via e-mails only. I appreciated their prompt response, no B.S. approach and respect for customer's time and intelligence level.
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that the majority of people who drop in here seem to expect someone to supply them with a quick answer as to whether the lease deal they've come up with is decent. Only Car-Man is willing to do that (approximately every month or so -- timing is critical). Most of the other folks who know how to figure leases appear to be happy to guide people to resources so they can do it themselves. It's interesting that so few appear to be willing, even when they're told how. It's only arithmetic -- doesn't even begin to qualify as mathematics. Go figure. |
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Replying to: newbiemer335i (Feb 17, 2008 6:04 pm) |
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