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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

What is this discussion about? BMW, Car Leasing, Sedan, Wagon


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#2280 of 2357
Re: May lease rates and residuals for BMW 3 series [loveandlight] by skobola
May 12, 2008 (10:33 pm)
Reply

Replying to: loveandlight (May 12, 2008 9:42 pm)

See the numbers at: http://www.bimmerfest.com/forums/showthread.php?t=284103
Here is the copy of the numbers that you have requested from there:
2008 BMW 328i Sedan
24 Month – Residual 66% of MSRP – .00175 Base Rate
36 Month – Residual 56% of MSRP – .00175 Base Rate
48 Month – Residual 40% of MSRP – .00258 Base Rate
60 Month – Residual 33% of MSRP – .00258 Base Rate
2008 BMW 335i Sedan
24 Month – Residual 66% of MSRP – .00200 Base Rate
36 Month – Residual 56% of MSRP – .00200 Base Rate
48 Month – Residual 40% of MSRP – .00258 Base Rate
60 Month – Residual 33% of MSRP – .00258 Base Rate
#2281 of 2357
2008 335i Sedan lease w/ European Delivery. How does it sound? by hizzy44
May 13, 2008 (3:43 pm)
Reply
Hi,
 
Here are the details on the lease offer I am getting from my local dealer in Southern California, any feedback will be appreciated. Thanks...
 
2008 335i Sedan 36months lease 15k miles:
Options listed below:
Steptronic
Premium Package
Sports Package
Cold Weather Package
Paddle Shifters
Comfort Access
Park Distance
Navigation
Ipod
Metallic
 
MSRP: 50,125
European Delivery Selling: 44,650 (How much are they suppose to drop on eurpean?)
 
Destination and handling: 775.00
MF: 2.75 (what exactly is money factor and how does it work on leases?)
Residual factor: 61% (30,576.25) (I thought this was high compared to leasecompare.com 56%, is the residual negotiated later at the end of lease or is it set final now)
Liscense and Reg: 388.75
Doc fee: 45.00
Bank fee: 825.00
 
Drive off: $5000
Monthly payments: 509.89 + tax = $551.96
 
This is my first lease, any comments or feedback will be useful to me and greatly appreciated.
#2282 of 2357
Re: May lease rates and residuals for BMW 3 series [skobola] by loveandlight
May 13, 2008 (4:00 pm)
Reply

Replying to: skobola (May 12, 2008 10:33 pm)

Thanks!!!
#2283 of 2357
Leasing a new 328i coupe by mikes10
May 13, 2008 (10:38 pm)
Reply
I'm trying to lease a new 328i coupe with no real expensive options other than navigation...I'm having a real tough time getting good quotes..I think the cheapest I got so far was 600 including tax, 12k miles, 36 mo and 1k down...
 
What can i do to get a cheaper monthly lease rate because I still believe that this is really expensive for a basic 3 series..I live in CA..thanks for your help in advance!!
#2284 of 2357
Re: May Numbers [simfox3] by Car_man HOST
May 14, 2008 (2:58 am)
Reply

Replying to: simfox3 (May 05, 2008 7:20 pm)

Hey simfox3. BMW FS' May buy rate lease money factor for the 2008 335i Coupe is .00220.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2285 of 2357
Re: 328i Coupe Money Factor and Residual [runnin1023] by Car_man HOST
May 14, 2008 (3:02 am)
Reply

Replying to: runnin1023 (May 11, 2008 7:40 pm)

Hi runnin1023. That's not a dumb question at all. What would be dumb would be leasing a vehicle without understanding what you are getting into or how it works. Edmunds.com has a great Leasing Glossary that can answer any questions that you have about what these terms mean.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2286 of 2357
How does my lease details sound above? by hizzy44
May 15, 2008 (3:44 pm)
Reply
I will be signing the lease within a few days. As this is my first lease, any responses to the details above (#2281) would be helpful.
 
Thanks,
#2287 of 2357
328i convertible lease terms by ejz1
May 15, 2008 (6:59 pm)
Reply
Car man can you give a payment calculation for a 2008 328i convertible with a buy price of 49500 with 36 months and 12K/year? Thanks
#2288 of 2357
2006 325i sedan lease take over question by sealbeach
May 15, 2008 (10:57 pm)
Reply
Hello Car man and All,
 
I am new in this forum and really enjoy reading all kinds of valuable information.
 
I am seriously considering to take over the following lease for a 2006 BMW 325i sedan.
 
Monthly payment tax inclusive: $399.00
Months Remaining: 12 months
Lease End Date: May 31, 2009
Lease End Buyout Option: $25,420.00
Total Miles Allowed: 30,018
Total Miles Remaining: 20,303
Miles Remaining per Mo: 1,692 miles/mo
 
It looks like a good deal but I have the following questions
 
- Considering the miles remaining per month is the monthly payment is acceptable for this year/model?
 
- Assuming I took over the lease, does it make sense to buy out the car at lease end based on given lease end buy out price?
 
Appreciate your time and Thanks!
#2289 of 2357
Re: 2006 325i sedan lease take over question [sealbeach] by skobola
May 16, 2008 (12:30 am)
Reply

Replying to: sealbeach (May 15, 2008 10:57 pm)

Note that someone will have to pay a lease transfer fee, which if this car was financed by BMW FS is $450. Therefore, if you will pay for it, it will increase your monthly payment for $37.50 ($450/12). Also note that you will have to be approved by BMW FS, which, I believe is easy once your credit rating is at 710+. Considering that the car's residual will be $25,420 at the end of the lease, it is only you who can decide if it is worth that money. Note that BMWs in general have pretty high residual values, which does not make them as low priced used cars. You should be reminded that the car will have a warranty and free maintenance only for one more year at that time. I personnaly would not buy it, and this is exactly why I lease. Also note that BMW FS will assess the tax on that amount if you decide to buy it! BTW, my new 328i, that I leased on 5/3/2008, costs me $426 per mont (incl. tax), and if I would be you, I certainly would rather get into a new lease, due to a relatively small difference between the "old" and the "new" leases, i.e., of "only" $27 for the brand new Bimmer.

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