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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
3185 messages, Last post on Nov 10, 2009 at 8:28 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Dear Car_Man, I have never posted before and would really appreciate your help and advice. I want to lease a 2009 328i sedan in monaco blue. I have never leased a vehicle before. I recieved one quote today for 4000 down, 368 per month but I was not sent the msrp, sale price, residual percentage, invoice price or money factor. I am requesting that info but would really appreciate advice from you on what I sould shoot for in terms of a good deal. Any advice you can give would be much appreciated! I am in southern california. thank you so much!! |
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My 2007 Maxima lease is coming due in February 2009, and I've started shopping for a replacement. My favored option is a 2009 328i Wagon. I put less than 10,000 miles per year on my vehicle, so if they offer a 10,000 mile lease that would be what I'm after. My questions are as follows: 1. What are the money factors and residual on this vehicle right now? 2. I know that nobody has a crystal ball, but would your best guess be for these to stay the same, go up, or come down by February? 3. What incentives are currently being offered? The vehicle I'm looking at has a list price of $39,995 and an invoice of $36,880. 4. Generally speaking, how would a lease on a 1-year old used vehicle compare? Thanks for the help!
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Replying to: hana80 (Dec 17, 2008 11:41 pm) I have collected all the numbers myself looking on this board. You need to know the MSRP, Lease selling price, money factor, and residual. 2009 BMW 328i Sedan 24 Month – Residual 67% of MSRP – .00150 Base Rate 36 Month – Residual 60% of MSRP – .00150 Base Rate 48 Month – Residual 41% of MSRP – .00285 Base Rate 60 Month – Residual 34% of MSRP – .00285 Base Rate It seems from this board you should shoot for $500 over invoice and shop it around till someone bites. |
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First of all, thanks to everyone for the great info on these boards. I think I've collected most of what I need but wanted to double check and get any updates for December. I've put together a spreadsheet with the options (MSRP and invoice) for these cars, where I can just check them off and they add up to the total. The main variables are the money factor and residuals. What's the latest residual and money factors for (I'm in South Florida, not sure if that matters...): 2008: 328i, 36mo lease, 10k miles 335i, 36mo lease, 10k miles 2009: 328i, 36mo lease, 10k miles Thanks a lot!
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Howdy Edmunds Forums! I'm planning on ordering a 335xi before the end of the year and leasing it. First, thanks for the residuals and base rates, yall. Very helpful. This is my first Beamer (previously an Acura family), and I was thinking about taking European Delivery. From yalls experience, does taking European Delivery cut out your ability to negotiate?
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Replying to: Car_man (Dec 19, 2007 2:40 am) I have a 2007 328xi with $26600 lease buyout at the end of my lease in Feb, 2009. I was able to successfully negotiate a lease buyout of $21300 + they took care of my remaining 2 months payment. BMW FS will negotiate with you, but you have to do it thru a dealer. I went with the dealer I went with to do the lease originally... You should be able to negotiate a current buyout minus about 20 to 25%. Tell them you will walk away from the deal. Only thing is they do not have any good financing on 2007 BMW purchase. I financed thru my bank at about 5%. Hope you find this helpful...
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Replying to: sraga (Dec 28, 2008 5:31 pm) also, my car has low miles so maybe this is why they are no interested in giving me a break on the buyout price. |
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Replying to: AggieKnight (Dec 25, 2008 9:57 pm) 1) BMW motorcycles are referred to as Beemers. BMW cars are Bimmers. 2) Some dealers are very willing to work with you on ED cars. You need to look up the European invoice price and work up from that. Some stores are willing to do a deal for $500 - $1000 above European invoice. Yours may or may not be one of them. You may need to throw a fairly wide net. There's a board devoted entirely to BMW European Delivery. Go to the list of 3-series discussions, and I think you'll find it. You can save many thousands of dollars if you're willing to do your research & take possession of the car wherever you need to in order to get a good price. Good luck. |
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Thanks for all the great post. I just wanted to share a deal I have just closed. This is my first lease, so I was caught a little off guard by the mark-up in the lease finance in the end. This is in San Francisco bay area. MSRP: $41xxx Sales: $33xxx ( this is a demo car with ~4k miles ) 12k/yr, 36 mth lease, residual: 58% Acq: $925 ( the finance lady swore this is amount BMWFS charges them, not $725 ) MF: 0.00091 after 7 multiple deposits ( yea, the crazy markup, but after half day of negotiation, I found out too late, and was too tired to just walk out when most paper works are done ) down: first month, deposit, title.... so no cap cost reduction monthly: ~350/m + tax I think I did ok. I am pretty sure people can do better with all the new discount emails I am getting now from different dealers. Best of luck car buying in year end ! |
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My first post to this forum: I thought it was a good deal - let me know your thoughts... negotiated a lease on a 36-month/15k per year, 2009 328x sedan w/ non-metallic paint premium; nav; cold weather; ipod adaptor for $480 over edmunds invoice for this build of $39,535. Residual at 60%, mf .0015. Payment of $457 after cap cost reduction of $2k and following non cap-cost reducing fees: acquisition fee $725 (down from $925); reg fee: $75; 5% sales tax on $2k cap cost reduction: $100; doc fee: $295 (thought this was high); and first payment Total cash down: $3652; monthly payment $457 I've built an easy spreadsheet calc that you can use real time to negotiate - I'll post it if anyone can tell me how to post files... |
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