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BMW 3-Series Lease Questions

3205 messages,  Last post on Dec 02, 2009 at 11:16 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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#2645 of 3205
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 3205
Re: First Post [john7548] by armenh
Jan 02, 2009 (8:58 pm)
Reply

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 3205
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 3205
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 3205
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?
#2650 of 3205
BMW inception fees / custom ordering by joesao
Jan 05, 2009 (7:17 am)
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I've been going through some dealers to get quotes on new 328i's (2009) lease and they always want to stuff you with a ~$1,500 inception fee even if you tell them you want to put $0 down. When asked what are those fees they all reply, "You know, first month's payment, tag, title, taxes."
 
But it turns out they're probably making money on those inception fees.
 
What's legitimate to have in those fees?
- I'm adding the $825 "destination charge" to the invoice cost of the car
- One of the dealers had a $950 "bank fee" inside that inception fee -- what a scam! (Or is this legit?)
 
I also learned that if you currently lease a BMW, you can order your custom car from the dealer at no additional cost (it makes no difference to them -- it's just one fewer vehicle from their allocation), and BMWfs will extend your current lease at your current payment for up to 6 months -- pretty sweet.
 
Also, if anybody could help with Jan '09 money factors on a 2009 328i, leased for 36 months with 10k miles, I would appreciate it.
 
Thanks a lot!
#2651 of 3205
Re: [armenh] by tennis_rus
Jan 05, 2009 (6:55 pm)
Reply

Replying to: armenh (Jan 04, 2009 5:56 pm)

hi, i ordered my car in mid december, takes 4-6 weeks...all my specs.... they dont charge extra... 3k included first month payment, 100$ doc fee and refundable 500$ sec. deposit.... so really 2k down... also in my state MD, i must pay taxes upfront on the whole car , that kinda sucks so around 2k for taxes extra, which is law... most states it will be around $40 months extra.... for me it was important to have my payment around $450 a month for 40k car, with 3k down + taxes seemed like a good deal, now I can see some people can negotiated $500 over invoice but in the end the monthly payment comes up about the same with the 3k down....also remember my total drive off is $5200...... 15k miles 36 month so leasing this car is not cheap...if u were to buy similar car it would be $12k down and 450 a month + tax ..............
#2652 of 3205
Re:Re: 2009 328i sports wagon [bcampbell001] by Car_man HOST
Jan 06, 2009 (2:52 am)
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Replying to: bcampbell001 (Dec 17, 2008 8:10 pm)

You're very welcome, Brian.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2653 of 3205
Re: leasing 2009 328i sedan [hana80] by Car_man HOST
Jan 06, 2009 (2:56 am)
Reply

Replying to: hana80 (Dec 17, 2008 11:41 pm)

Welcome hana80. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
I see that the dealer quoted you a payment that includes a large down payment. I always advise consumers not to make large down payments when leasing. Those who make them risk losing them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be slightly higher, you would be much better off going with a zero down lease.
 
It is difficult for me to know what a good monthly payment would be for this car without knowing what its MSRP is. You don't even need the dealer to get this information. It is available right here at Edmunds.com over in the New Vehicle Pricing section. While you are there, grab the dealer invoice price of the car that you want as well. Let me know what both of these numbers are and I will calculate a sample lease payment on the exact car that you want for you.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2654 of 3205
Re: 2009 328i Wagon [plasmator] by Car_man HOST
Jan 06, 2009 (3:02 am)
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Replying to: plasmator (Dec 18, 2008 7:35 pm)

Greetings plasmator. BMW just introduced its new January lease program a couple of days ago. Through March 2nd, BMW Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2009 328i Wagon with 10,000 miles per year are .00215 and 58%, respectively. BMW is not currently providing any cash incentives on this model.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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