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BMW 3-Series Lease Questions

2446 messages,  Last post on Aug 29, 2008 at 5:00 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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#2303 of 2446
Re: 2008 BMW 328I Lease offer help! [ewodn] by richz
May 23, 2008 (4:51 pm)
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Replying to: ewodn (May 22, 2008 12:08 pm)

Don't let him get away with "fees". Tell him to explain what each and every penny is going towards.
#2304 of 2446
Lease Assumption by inhalexhale
May 24, 2008 (4:34 pm)
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I'm thinking about taking over someone's lease on a 2007 328xi. I believe it has auto trans and the premium package. She said fully loaded, but I have not seen it yet other than pics. (Going next week to look at it). Anyway, the deal is $465 per month, plus she pays me 2K. There are about 26 months left. Is this worth it?
 
Thanks for your help. =)
#2305 of 2446
2008 328i Coupe Lease - fair deal? by nvnc
May 24, 2008 (5:50 pm)
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I'm considering the lease deal below and would like an opinion on whether I should continue looking around for a better deal, I know I shouldn't put too much down but here's what I've got:
 
2008 BMW 328i Coupe
Sports Pkg, Metallic Paint, ipod adapter, standard leatherette, 6-sp manual
36-Month, 12K per
MSRP $37,950 ; Invoice $34, 950
$2K down, $535 per month (includes NC tax and all "fees")
 
Is this a fair deal or should I look around for something better? Thx!
#2306 of 2446
Re: Lease Assumption [inhalexhale] by qbrozen
May 25, 2008 (10:27 am)
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Replying to: inhalexhale (May 24, 2008 4:34 pm)

how many miles did she contract for and how many does it currently have?
#2307 of 2446
lease money factor by ccdbb
May 25, 2008 (5:03 pm)
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I would like to lease a 328xi around Princeton, NJ area. Anyone knows the base MF?
 
Thanks.
 
ccdbb
#2308 of 2446
Re: Lease Assumption [qbrozen] by inhalexhale
May 27, 2008 (8:05 am)
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Replying to: qbrozen (May 25, 2008 10:27 am)

THe lease is up in 08/2010. She agrred to 32,500 and currently has 17K.
#2309 of 2446
Re: Lease Assumption [inhalexhale] by qbrozen
May 27, 2008 (11:01 am)
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Replying to: inhalexhale (May 27, 2008 8:05 am)

she put 17k on in 9-10 months? yikes. no wonder she wants out.
that only leaves you with 15k miles over 26 months?
That's a helluva lotta money you'll be paying just to drive 15k.
#2310 of 2446
Re: Lease Assumption [qbrozen] by inhalexhale
May 27, 2008 (2:05 pm)
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Replying to: qbrozen (May 27, 2008 11:01 am)

True, but she's also going to give me 2k in cash. So even if I buy another 5k miles so I can get the basic 10k per year, that would only cost $800. So to put it differently:
 
2 years left on lease
10k miles per year
465 per month
She pays me $1200 cash
2007 328xi, auto trans, premium package
 
With that in mind does it still seem bad? I'm deciding whether to take hers over or get a new one.
#2311 of 2446
Re: Lease Assumption [inhalexhale] by qbrozen
May 28, 2008 (7:57 am)
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Replying to: inhalexhale (May 27, 2008 2:05 pm)

even if I buy another 5k miles so I can get the basic 10k per year, that would only cost $800.
 
You sure about that number? I know several manufacturers have a weird breakpoint where miles are more expensive. In other words, a 10k/yr lease carries 20 cents per mile over the allotment, while a 15k/yr lease carries 15 cents per extra mile. Not sure if that's the case here, but its something to watch for.
 
In any case, even 10k seems low to me. I believe the ad in the paper this past weekend was $399/mo for 10,500/yr and ... I'm guessing here ... but I think about $2k-$2500 out of pocket. Take that a step futher and put down MSDs and you could drive that down quite a bit. Roll in all costs on top of that and ... well, just off the top of my head ... I'm thinking you could be even lower than that $465/mo.
#2312 of 2446
Re: Lease Assumption [qbrozen] by inhalexhale
May 28, 2008 (11:58 am)
Reply

Replying to: qbrozen (May 28, 2008 7:57 am)

Yea BMW has two options for mileage. You can prepay more milage 16cents per mile. If you just let it go over and turn it in your charged 20 cents per mile.
 
I'll check the paper this Sunday. On their website BMW has the 328xi sedan lease offer listed for $3500 down and $459 a month. (36 month/10k miles per year) this doesn't include taxes/fees. (328xi, premium package, auto trans)
 
I was quoted on a new sedan without the premium package and minimal options (power front seats/ heated seats)and it was $2075 down and $469 per month. (10k miles per year)
 
Granted, I can get them to go lower but do you really think they would wave the $2075 down payment, add a $3200msrp package, and drop the payment $4+ a month?

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