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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
2357 messages, Last post on Jul 03, 2008 at 7:26 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: jtbaer (Apr 29, 2008 1:33 pm) $500 over invoice is a nothing deal for a BMW dealer. The fact that no one will match that, even with a $499 doc fee, tells me that you are getting a good deal. Just consider the doc fee part of the selling price. $1000 over invoice is a very good deal. Next, you have to make sure you get the buy rate on the money factor. Good luck! kyfdx |
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Carman: Do you have the numbers for a 328 coupe 38 month 12k mile lease? Thanks!
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Replying to: epaiuk (May 01, 2008 3:01 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Carman: Do you have the numbers for a 335i coupe for May? I know in April it was .00230. Thanks. |
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Car_Man, Do you have the new May rates yet? Thanks. |
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I saw an ad in a local newspaper that says this dealer is offering new 2008 328 sedans for $31,888 and 3.9% financing for 60 months. Features listed are: Automatic transmission Remote keyless entry Sunroof Wood trim Alloy wheels Dynamic Stability Control So, it sounds like the only "option" is automatic and these cars would have unheated leatherette seats, non-metallic paint, no bluetooth and the basic stock radio. The ad says 7 are available at that price and it's in Northern California. I calculate: It would be about $34,700 after tax, license and doc fee. If I weren't going to put down any money and used their 3.9% financing, the monthly payment would be about $637 a month for 60 months. If I wanted payments under $500 a month, I'd need to put down about $7400 in cash and/or trade equity. I'll have to check with my insurance agent to find the latest insurance rates so I could calculate my total monthly costs. I'll also need to check on what I can expect to pay for tire replacements. At least the base tires should be less expensive than the Sport Package tires. I'm more likely to get a lower priced car than a new BMW, but I'm curious about this. Is there anything particularly fantastic about this advertised special or should there be better deals available now? Based on this selling price of $31888 and MSRP $34450, what should a 36 month, 45K lease cost monthly with $0 cap reduction and about $3000 available to use towards startup costs and extra security deposits? Do the dealers often lease at the base rate or do they always mark up the rate (and is there any limit of how high they could mark up the lease rate)? If I could lease much better equipped model (i.e. Premium Package, Comfort Access, Bluetooth, Logic7,iPod adapter/HD radio, heated seats, metallic paint etc.) for 15K/year for under $475 month payment (before tax) with less than $3000 cash to start, it will be much more tempting to consider than the scenario of $7400 down for a very stripped model on a 60 month purchase and then either selling before the 50000 mile warranty expires or keeping it for around 7 years and risking repairs but having a couple of payment free years before moving to the next car. |
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Replying to: Car_man (May 01, 2008 2:23 am)
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Replying to: runnin1023 (May 11, 2008 7:40 pm)  Essentially money factor is your interest rate and residual is how much the car is worth at lease-end. Leasing is more than just monthly payments and down payments. NEVER negotiate down payments and monthly payments, you will typically lose out on a lot of money. $20 per month is usually around $1000 difference over the life of the loan. My best advice, educate yourself, learn how to calculate your own lease payments so there are no surprises. Also learn what types of fees are legit and which are bogus. Dealers have a lot of ways to make money off you, so you need to know which they are and how to reduce your losses. |
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| Anyone have access to the leasing terms in effect for May 2008 for the 335i convertible. I thought that BMW had tried to discourage all leases over 36 months, but just heard about a 42 month program with a 50% residual and .195% money factor. All information is greatly appreciated. Bob | |
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