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BMW 3-Series Lease Questions

3218 messages,  Last post on Dec 03, 2009 at 7:31 AM

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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#2547 of 3218
Re: 2008 328i-is this a good deal??? [swong] by Car_man HOST
Nov 17, 2008 (4:13 am)
Reply

Replying to: swong (Nov 10, 2008 6:13 pm)

Hi swong. This looks like a great deal to me. The selling price that you are being given is very attractive and the dealer was very straightforward with you about this car's money factor. If you like it, I personally don't see any reason not to pull the trigger.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2548 of 3218
Re: hey carman! [goldenmeeko] by Car_man HOST
Nov 17, 2008 (4:17 am)
Reply

Replying to: goldenmeeko (Nov 11, 2008 3:10 pm)

Hi goldenmeeko. $1,200 over invoice isn't bad, but there's still some room there. Have you tied comparison shopping a little bit with a few other dealers? It wouldn't hurt. Also, try stopping by the "BMW 3-Series Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar cars recently.
 
Once you have arrived at a selling price that you are comfortable with, have the dealer calculate your monthly payment using BMW FS' buy rate lease money factor of .00200 (for returning lessees or new ones who pay a security deposit) and you're all set.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2549 of 3218
Re: Lease Fees [Car_man] by nc_driver1
Nov 17, 2008 (6:58 pm)
Reply

Replying to: Car_man (Nov 16, 2008 6:17 pm)

Car Man,
Thanks for everything.
#2550 of 3218
Carman! Help please: Lease terms for 2009 335i coupe by skywalker7
Nov 18, 2008 (11:03 am)
Reply

Replying to: Car_man (Nov 17, 2008 4:17 am)

Hello Car Man,
 
Great forum--very helpful.
 
Do you know the current lease terms for a 2009 335i coupe for a new buyer? 12K/36 months.
 
--Residual %
--Money Factor
--Spread between MSRP and invoice?
 
I'm getting quote money factors from 0.0017 to 0.00215. I figure various dealers are throwing around figures that are too low/high. I heard from one dealer, that some will lure customers in with a low money factor just to get the customer to sign for the lease and drive with the car; only to have 3 days later the lease rejected by the financing company and re-presented with a higher money factor that most buyers will then sign for to save the hassle of returning the car. That would be a total waste everyone's time!
 
Thanks
Peter
#2551 of 3218
Re: 2008 328i-is this a good deal??? [Car_man] by swong
Nov 18, 2008 (7:19 pm)
Reply

Replying to: Car_man (Nov 17, 2008 4:13 am)

Ok so this is what happened:
 
2008 328i
36 month lease
15000 miles/year
$1182.54 down payment
License Fee $291
Tax on Down $97.56
California Tire Fee $8.75
First Month's Payment including tax $420.15
(This equals Total Drive OFF $2000)
M.F. 0.0009
Cap Cost $33220
Doc Fee $45
DMV Electronic Titling Fee $28
Acquisition Fee $725
(This equals Gross Cap Cost of $34018)
Monthly Payment is $388.13 plus tax (=$420.15)
Residual $20594
 
What do you think?
#2552 of 3218
2008 335 Prem + Sport by mshtpc
Nov 19, 2008 (6:52 am)
Reply
Car_Man,
 
I got this lease quote from a SoCal dealer:
 
MSRP 46,225
Base Cap 42,225
Cap redux 1,000
Residual 56% (15k miles/yr)
36 months
MF 0.00142
$1960 total drive off
 
This gives a payment of $559/mo (tax rate is 7.25%).
I think the MF is too high for the '08 335. Should this not be around 0.0009?
#2553 of 3218
Re: 2008 335 Prem + Sport [mshtpc] by jvost
Nov 19, 2008 (7:44 pm)
Reply

Replying to: mshtpc (Nov 19, 2008 6:52 am)

mshtpc, the current buy rate for a 2008 335i, 15K is .00085.
#2554 of 3218
2009 335i sedan MFs and residuals by tennberg
Nov 19, 2008 (7:50 pm)
Reply
What is the current MF and residual for a 2009 335i sedan and coupe on a 36month/10k lease?
#2555 of 3218
Re: 2008 328i-is this a good deal??? [swong] by jvost
Nov 19, 2008 (7:52 pm)
Reply

Replying to: swong (Nov 18, 2008 7:19 pm)

swong, it's hard to evaluate these lease deals without the MSRP. I can tell you that the Money Factor Buy Rate is .00075, so you paid a bit above that.
#2556 of 3218
Current acq. fee by tennberg
Nov 19, 2008 (7:58 pm)
Reply
Also, what is the current acquisition fee for BMW? I was at my dealer today and he said it was now something like $925 or $950 (I forget to write down what number he had).

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