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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
2493 messages, Last post on Oct 05, 2008 at 6:44 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: stvroy (Mar 01, 2008 8:18 pm) The way I look at the acquisition fee markup is the same as I do the "documentation" fee. It's all added dealer markup and just as bogus as an ADM sticker that adds $1000 to the list price of the car. That said, many (if not most) mark up the acquisition fee, have hundreds of dollars in doc fees (or both). Normally the security deposit is the monthly payment rounded up to the next $50. The dealer you're working with seems to have worked out a payment between $750 & $800. Either that, or he's got a different approach to things. The money factor for either convertible (328 or 335) is 0.00275. Marking this up is another way to get more profit out of a deal, but going all the way up to 0.003 would certainly have me looking for a different store, especially combined with that $825 thing. You may already know your residuals, but for 36 months it's 59% for 15K a year, 61% for 12K and 62% for 10K. Also, the last I heard that $1500 thing was for the month of Feb only. There could be a little legitimate confusion over the MSD thing. I believe the rule is 7 additional deposits (plus the one you're required to pay unless you're turning in a BMW off-lease), for a total of 8. As you may already know, each additional security deposit lowers the MF by 0.00007. Some dealers are very happy to do an order & will give you a better deal on it. Others won't & it wouldn't surprise me if this dealer wasn't one of them. If you're willing to take a three-day weekend & fly to Germany, you can do European Delivery and save another 7%. If you have any kind of a European vacation planned, then you save the cost of a rental car as well. Lots of choices, but it's certainly nice to be in a position to make them. Enjoy. Sorry I came off as harsh as I did yesterday, but I'd much rather help someone who's already done a chunk of the work and/or has specific questions. Go to post #2137 for a few other odds & ends.
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Replying to: cdnpinhead (Mar 02, 2008 2:55 pm) Great information! No worries on coming across harsh. It was my first post and in your eyes I was just fishing without doing work myself. I've been looking a while and there were availability issues, so more recently I've been looking more seriously. The dealership did p&ss me off a bit the way they handled things acting like it was my first buying experience and I didn't research. I guess for those that don't research before hand, things seem fine. The ED is interesting to me, and definitely to save another 7%. Thanks for your help.
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Replying to: stvroy (Mar 02, 2008 7:25 pm) Good luck, and enjoy. |
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Replying to: stvroy (Mar 01, 2008 3:31 pm) |
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Replying to: coby03 (Mar 01, 2008 12:45 pm) That looks like a pretty good deal. Can I ask how you got the MF and residual? I'd like to do the exact same lease term, just a slightly different optioned car. Did you put anything down (like an acquisition fee, security deposit)? I thought I read somewhere that at the end of a BMW lease you have to pay a disposition fee (basically paying BMW to take your car back)? Any truth to that? Thanks!
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Replying to: coby03 (Mar 01, 2008 12:45 pm) FWIW, not one person has failed to remark favorably about Arctic metallic. In bright sun, the grey exhibits subtle hues of green and light blue, and it's not a "dark" color, which reduces the heat buildup factor. |
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I know it's speculation, but what do you all think rates will do over the next couple of months? The base rate dropped from .00275 in February to .00245, but they are still much higher than the coupe and sedan. Do you think they will continue to drop? Also, if I order one now, do I get the rate now or do I contract and lock in at delivery? Thanks in advance.
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Replying to: boe747lcf (Mar 08, 2008 9:24 pm) As far as anything down, I paid a $500 deposit so far. When the vehicle comes in I'll pay the 1st payment, BMWFS acquisition fee, plate/regist fee, and taxes (less the $500 deposit). There is no security deposit since I'm a returning BMWFS customer. And when I turn in my 2005 330Ci, they will waive the $350 disposition fee. If I didn't re-up with BMW I'd have to pay that fee. I saw that my 335i is scheduled for production on BMW Owner's Circle. Hopefully will have it here in less than 6 weeks from now. Waiting....ugh.
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I just configured up three different 3-Series cars, a Sedan, a Coupe, and a Sport Wagon, all at exactly $44,000, and all with exactly $4,000 "down" (kind of simulating ED savings). What I found disheartening was the huge disperity between the various monthly lease costs given three "identically" financed cars (3-Year/36,000 mile leases). Consider the following: 2008 328i Sedan -- $507 2008 328i Coupe -- $531 2008 328i Wagon -- $572 Ouch, that means that over the term of the lease, the Sport Wagon will cost $2,340 more (or nearly 13% more). Ouch, what's up with that? Best Regards, Shipo
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Replying to: shipo (Mar 10, 2008 7:03 pm) Low volume means little incentive to cut the price, I guess..
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