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BMW 3-Series Lease Questions

3200 messages,  Last post on Nov 25, 2009 at 7:08 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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#2611 of 3200
09 BMW 335i Sedan Lease by ichochochooseu
Dec 12, 2008 (1:57 pm)
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Hi CarMan and everyone,
  
First off I would like to thank you all for all of the hard work that is put in to this forum. It has been extremely helpful for researching a new car lease.
  
I am looking at doing a 3 year lease for a 2009 335i Sedan and would like your opinions on the offer I was given below:
  
2009 BMW 335i Sedan
MSRP $49,050
Sale Price $47,650
Sales Tax $0 (BMW will cover sales tax for the month of December)
Lease Term 12k miles / 36 months
Residual 62%
Interest Rate 2.30%
Misc fees $725 Acquisition, $130 Doc Fee (There may be another <$100 fee or two I am missing) Monthly Payment $680 per month I would appreciate anyone's opinion on the terms above. Thanks, IChoChoChooseU
#2612 of 3200
by tennis_rus
Dec 12, 2008 (6:54 pm)
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i am in md, dealers tell me i have to pay the whole tax upfront on the whole price of the car, even on the lease so 40,000 car would cost me about 2k extra of taxes... so my drive off + 2k ,.... is it true?
#2613 of 3200
Re: Southern Cal help [Travis_Y] by tennis_rus
Dec 12, 2008 (6:56 pm)
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Replying to: Travis_Y (Dec 10, 2008 10:20 pm)

i think u can get it down 20-30 bucks if you get a better negotiated price.... like 500-1000 less... mf and residual are correct
#2614 of 3200
Re: [tennis_rus] by kyfdx HOST
Dec 13, 2008 (6:45 am)
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Replying to: tennis_rus (Dec 12, 2008 6:54 pm)

I believe that is the case for Maryland.. they tax the entire selling price, not the payment.
#2615 of 3200
Re: [kyfdx] by tennis_rus
Dec 13, 2008 (9:56 am)
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Replying to: kyfdx (Dec 13, 2008 6:45 am)

does it make sense to lease if i pay 2.5k in taxes to drive a car for three years?
#2616 of 3200
Re: [tennis_rus] by kyfdx HOST
Dec 14, 2008 (5:02 am)
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Replying to: tennis_rus (Dec 13, 2008 9:56 am)

Tough question..
 
Of course, it makes less sense than if you were in a state where the total taxes were only $1100-1200..
 
But, it always helps to do the math... What is the residual amount on the car you are considering leasing, and what do you think you can actually get for that car in three years?
 
Most BMWs have pretty high residuals, when comparing them to real-world trade-in values. If you only keep a BMW for three years, then you'll almost always come out ahead by leasing, even with your taxes.. But, if you are likely to keep the car for five years if you buy it, then the tax thing might sway me some...
 
When doing your math, don't forget about the acquisition fee... you won't pay that if you are financing..
 
regards,
kyfdx
#2617 of 3200
Re: [kyfdx] by tennis_rus
Dec 15, 2008 (10:15 am)
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Replying to: kyfdx (Dec 14, 2008 5:02 am)

in three years I will drive 45k and turn the car back in.... the most important part for me is the payment around $450.... if I were to buy that car and pay the taxes I would have to put around 12k down to make payment around $450
 
The MSRP of the vehicle I am ordering is $39045 and they will be selling me the car at $36909.46. With taxes and MVA at $2418.57 plus $3000 my payment will be $460.30 per month for 36 months X 15,000 miles per year. 1st month payment is included. The MF is .00175 and the residual is 59%.
 
so I spent 5.4 k drive off and have my payment where I want it........ or I am getting ripped off?
#2618 of 3200
2008 335i sedan - lease advice by dt78
Dec 16, 2008 (12:23 pm)
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Based on a post I read in October, the lease rates on remaining 2008 335 sedans were:
 
2008 BMW 335i Sedan
24 Month – Residual 61% of MSRP – .00085 Base Rate
36 Month – Residual 56% of MSRP – .00085 Base Rate
48 Month – Residual 37% of MSRP – .00285 Base Rate
60 Month – Residual 31% of MSRP – .00285 Base Rate
 
Does anyone know if these rates still apply in December, and if not, what the current rates are?
 
Based on the above, a 36 month, 36,000 mile lease is a pretty sweet deal compared to a similarly priced 2009 335 sedan. I have the opportunity to do an early lease turn in on my current car, so leasing a 2008 3 series (if the numbers are right) is a definite option.
 
My other question is whether or not I could realistically get a 2008 model sitting on the lot at or below invoice. Not sure if BMW is willing to slash prices to move 2008 inventory, and I have never leased or purchased a BMW, so I don't know if they are like other car companies who are giving customers $5K or more below invoice just to get cars off the lot.
 
Any advice would be greatly appreciated.
#2619 of 3200
Re: 328CI 2008 and 2009 [Car_man] by davidt1
Dec 16, 2008 (3:13 pm)
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Replying to: Car_man (Dec 01, 2008 3:32 am)

Car_man,
 
Can you please let me know what money factors and residuals are being offered by BMW FS for the 2009 328CI convertable? I am looking at a 12K/36 month term.
 
Thanks
David T
#2620 of 3200
2009 328i sports wagon by bcampbell001
Dec 16, 2008 (8:23 pm)
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Well it's that time again, haven't been around for about 36 months If car_man or any other forum member can assist, that would be great. I searched through many pages, however I couldn't find MF and Residual for the 2 variations of the same car below
 
'09 328i Sports Wagon
 
MSRP: 41,695
Sell: 39,385
36 / 15K lease
Los Angeles Ca. - South Bay BMW
 
or
 
MSRP: 45,750
Sell: 43,075
36 / 15K
Los Angeles, Ca - South Bay BMW
 
Thanks in advance
 
Brian

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