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BMW 3-Series Lease Questions

3182 messages,  Last post on Nov 08, 2009 at 2:11 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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#2640 of 3182
Refinance Lease contract by jun2
Jan 02, 2009 (9:20 am)
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Hi there, I just thought about this.
Since the fed rate is down and I leased BMW 3Series on May of 2008 for 36mths (around 6%). I wonder if I can redo the lease contract to lower down my interest rate so I can have lower monthly payment. If I call BMW Financial services wil they re-negotatiate? Anyone done it before? Thanks for any advise, i appreciate it.
#2641 of 3182
Re: Refinance Lease contract [jun2] by kyfdx HOST
Jan 02, 2009 (9:22 am)
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Replying to: jun2 (Jan 02, 2009 9:20 am)

If I call BMW Financial services wil they re-negotatiate?
 
No.. what would be their motivation?
#2642 of 3182
January 3, 2009 by john7548
Jan 02, 2009 (4:34 pm)
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Regarding the previous post....BMWFS is not going to re-negotiate any lease...not only do they have no motivation but that would open a real "can of worms"....The big question is what is BMWFS going to do on January 3, 2009...All the great financing ends on the 2nd....For whatever reason I couldn't pull the trigger by the 2nd and I'm anxious to see if I made a mistake. I know the remaining 08 3 series are really being discounted...BMW in Concord sent out an e-mail offerring to sell at $2500 under dealer invoice on remaining 08 3 series. I think BMW is going to have to offer some greater incentives on 08 335s...there are alot of those in dealer's inventory. That is a great car but priced a little too much above the 328s..
#2643 of 3182
First Post by armenh
Jan 02, 2009 (8:02 pm)
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Hello everybody this is my first post here. I am interested into leasing a small luxury sedan not sure yet which one but likely a 2009 328i ( i have test driven that and the is250 so i have the a4 and c300 remaining, acuras are really ugly now). I am a bit confused about leasing. The BMW i am looking at has an MSRP of 39,600, it is auto w/ premium package and metallic paint. The money factor seems to be 0.00150 but with an MSD planning on 7(idk is it a good idea? for 3150 i am saving 1000 and so bucks total or 30 per month on the lease, and getting around 10 percent interest?) so its
0.00101. MF
Residual is 62%
12k miles/yr
Invoice ~ 36k
better than tier 1 credit haha
I want a base lease of around 360 plus tax so around $400. I will likely put 2500 towards cap cost red. So first I go to the dealer and try to negotiate the price of the car down? So for example i tell them lower the cars MSRP to 38k or 37k? Is it possible. And then i put my down payment of 2500 on top of that which should or shouldnt includes the acqui fee, doc fees and first months payment? (are those even legitimate fees?) so the gross cap cost is around 35500. Am i correct so far? I do my calculations and w/out tax i get around 363, which is excellent. Can I get this deal or am i too optimistic? Should i work more to lower the price? So many questions, but I would appreciate if you can answer. Thanks in advance!!
#2644 of 3182
Re: January 3, 2009 [john7548] by nexyaja
Jan 02, 2009 (8:40 pm)
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Replying to: john7548 (Jan 02, 2009 4:34 pm)

FYI BMW just extended their CPO financing offer till Mar 02.
0.09% (don't know if it is for upto 60 months) plus two free payments. I am glad I did not get pressured into buying an 05 X5 today to beat the deadline.
I am sure they will extend financing deals for new cars also...
#2645 of 3182
Re: First Post [armenh] by john7548
Jan 02, 2009 (8:54 pm)
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Replying to: armenh (Jan 02, 2009 8:02 pm)

Armenh...I didn't go back through our numbers regarding the dealer invoice value of the car. Nor do I know anything about the 7 payment thing. What I do know if you can buy the car for close to dealer invoice...I think someplace they are going to have to make something so you can expect that they will make some money on finance fees, document fees etc. I've been offerred an 09 328i at $200 over invoice and I didn't push that harder because to do so who have meant I would have had to be prepared to buy the car. I want to buy the car from my local dealer and I was only preparing for discusions with him. So for sure you should not pay more than $400 over dealer invoice for the vehicle. Just don't get too excited and be prepared to work on the deal for a while...In my opinion you can't compare the BMW driving experience with any of those other vehicles you are considering.
#2646 of 3182
Re: First Post [john7548] by armenh
Jan 02, 2009 (8:58 pm)
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Replying to: john7548 (Jan 02, 2009 8:54 pm)

Thanks for the reply, I am planning on leasing so the cap cost w/ out putting anything down should be around 36500 so even lower than 37k, which i was thinking would be amazing? If so thats really good, thing is they are advertising $429 on their site w/ 3500 down or so... seems like a rip off then
#2647 of 3182
Re: First Post [armenh] by tennis_rus
Jan 04, 2009 (5:24 pm)
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Replying to: armenh (Jan 02, 2009 8:58 pm)

how many miles a year u going to drive.... dont forget the taxes, fees etc....
it's a different story when u get to the dealer, try going and closing the deal...
 
i got 09 328 coupe 39045, negotiated 36900... with 3k down $460 a month
 
i had to pay taxes and dmv separatelly
#2648 of 3182
Re: First Post [tennis_rus] by armenh
Jan 04, 2009 (5:49 pm)
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Replying to: tennis_rus (Jan 04, 2009 5:24 pm)

So you negotiated down about 2100 and then on top of that you put the 3k down? Did it include all the fees and first months payment?
#2649 of 3182
by armenh
Jan 04, 2009 (5:56 pm)
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One more thing is it possible to tell the dealership to order the car to your specifications without you just picking it up from the lot on the same day? If so would they charge you extra and how long would it take?

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