- #2221 of 2493
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328i lease
by skobola
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Mar 22, 2008 (4:37 pm)
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I have ordered a 2008 328i in Sparkling Graphite with BMW Assist (MSRP $34,400) and got it at $426 with 7 MSDs, which includes 7% tax. I believe that this came out from being charged $996 over invoice + $495 dealer's fee, which I consider to be pretty good for Miami, when they do not give significant discounts. Actually, I did it in Fort Lauderdale, at Holman BMW. The drive off will be the 1st month + tag transfer. I am currently leasing a 2006 BMW 325i, so no security and such crap.
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- #2222 of 2493
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Re: 328 Convertible Lease [manku]
by phyoski
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Mar 27, 2008 (10:33 am)
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Replying to: manku (Mar 13, 2008 1:40 pm)
">link titleHey just wondering where u r located. I have an 07 328i for lease transfer. check it out:
http://newjersey.craigslist.org/car/614374385.html
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- #2223 of 2493
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Re: 328i lease [skobola]
by stan371
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Mar 27, 2008 (4:18 pm)
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Replying to: skobola (Mar 22, 2008 4:37 pm)
sorry, ?MSD's? who dod you deal with at Holman?
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- #2224 of 2493
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is this a decent lease?
by paws101
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Mar 27, 2008 (5:20 pm)
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in NJ
2008 328xi
auto
metalic paint
cold weather package
12K/yr miles
36 month
msrp 38320 neg rate 36900
63% resid
mf 0.00175
500/mo no money down other than doc fees, title, return BMW customer so no sec dep.
Is it a keeper?
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- #2225 of 2493
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Re: Here's what I got today. [elizariev]
by Car_man HOST
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Mar 31, 2008 (2:44 am)
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Replying to: elizariev (Feb 22, 2008 6:20 pm)
Congratulations on your new 328i, elizariev. $136 over dealer invoice plus the use of BMW Financial Services' buy rate lease money factor is an excellent deal. Thanks for taking the time to share the details with everyone. If you haven't stopped by there yet, make sure to hop on over the the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with everyone. Enjoy your new ride  .
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #2226 of 2493
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Re: March Lease Numbers [hopefall]
by Car_man HOST
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Mar 31, 2008 (2:52 am)
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Replying to: hopefall (Mar 01, 2008 12:53 pm)
Hi hopefall. I have seen this car's current lease program. Through April 30th, BMW Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2008 BMW 328i with 15,000 miles per year are .00175 and 61%, respectively.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #2227 of 2493
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Re: Lease Rates for the 328 Conv. [stvroy]
by Car_man HOST
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Mar 31, 2008 (2:59 am)
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Replying to: stvroy (Mar 09, 2008 6:15 pm)
Hi stvroy. BMW's current lease program is scheduled to run through April 30th. While anything is possible, I personally don't expect BMW to make any changes to the 3-Series Convertible's lease program before the beginning of May. It's difficult to say whether BMW will enhance its lease program on this car then. It has started providing a little support on 3-Series Convertibles, first with the inventory cash payments in February and now with a slightly enhanced money factor, so the trend is your friend if you decide to wait. However, we're already into spring and headed towards summer (man I can't believe that it's almost April already) and convertibles usually sell better when its warm out than they do during the winter so perhaps BMW won't have to enhance its support on it.
If you decide to order a car, BMW has a program that will enable you to lock in its current lease program. The advantage of doing this is if this car's lease program gets worse you can take advantage of the current one when your car arrives. If the program gets better, you can get out of your rate lock and take advantage of the new, improved program.
Car_man
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- #2228 of 2493
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Re: edit to above [yatzee]
by Car_man HOST
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Mar 31, 2008 (3:07 am)
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Replying to: yatzee (Mar 12, 2008 6:07 pm)
Hey yatzee. As boe747lcf just helpfully posted, BMW Financial Services' current buy rate lease money factor for the 2008 328i Sedan is .00175. As far as the acquisition fee goes, BMW FS charges a $625 acquisition fee in every vehicle that it leases. The dealer that you are working with is marking up the base acquisition fee to add $200 additional hidden profit to your deal. This sort of thing is very common amongst BMW dealers. There's really nothing wrong with it, as long as you are aware of this profit and take it into account during your negotiations.
Car_man
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- #2229 of 2493
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Re: is this a decent lease? [paws101]
by Car_man HOST
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Mar 31, 2008 (3:17 am)
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Replying to: paws101 (Mar 27, 2008 5:20 pm)
Hi paws101. The money factor that you were quoted is right in line with BMW Financial Services' current buy rate for this model, so that is a good sign. As far as the selling price goes, the car that you described probably has a spread of around $3,000 between its full MSRP and its dealer invoice price. Given the fact that you are in an area that likely has a number of BMW dealers, you may be able to do better than the $1,330 discount that you were quoted by comparison shopping with a few other dealers in your area.
Car_man
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- #2230 of 2493
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Re: is this a decent lease? [Car_man]
by paws101
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Mar 31, 2008 (4:35 pm)
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Replying to: Car_man (Mar 31, 2008 3:17 am)
Hi
Car man thanks for the reply- just one other quick question
when I'm figuring the actual monthly payment the formula is:
final negotiated price
+
residual payment
x
MF= finance charge per month
then I divide the depreciation over lease term and add that amount to the finance charge which should be the monthly payment. how does NJ add the sales tax is it to the final monthly payment amount?
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