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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
3224 messages, Last post on Dec 07, 2009 at 2:35 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Apr 21, 2009 2:03 am) I currently lease a 328i sedan and took advantage of favorable rates, etc. and have leased many new BMWs of varying models in the past. The 3 series really is one of the best (cars) in my opinion. My current lease is up in a month or so. I am currently looking to lease an 09 328i with sport, xenon, auto, and alum trim MSRP of about $39K+/- Here's my dilemma - maybe you can shed some light. Is the "buy rate" of .00175 really the buy rate or best rate available? I ask because with normal drive off fees, and no cap reduction (I don't beleive in those anymore) the payment on this car at near invoice, (I was quoted $750 over w/out any negotiating) at buy rate, and with loyalty cash of $1k is $508 inc. tax (at 9.25%) on a 12k mile lease. I've run this through the lease calculator and it seems okay, but I feel like I'm missing something. It just doesn't seem like a somewhat "base" model should calc out at $500 per month. I really enjoy the driving experience of these cars, and everytime I try to cross shop and test drive other brands, I keep coming back to my current (2007) 328i. Like so many others, I'm trying to watch the budget...Any tips or pointers from you would be greatly appreciated. Thanks again!
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Replying to: investor27 (Apr 21, 2009 6:04 am) Capitalized cost reductions on the other hand are down payments that are used to reduce the amount financed on leased vehicles. Even though cap cost reductions reduce vehicles' monthly payments, I personally always advise consumers against making them. People who make large cap cost reductions on leased vehicles risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: carrerah (Apr 21, 2009 10:10 pm) In general leases are more expensive today than when you leased your current 3-Series during the heyday of leasing. When gas prices rose and then the recession hit many banks got absolutely hammered because they had way overestimated vehicles future values aka residual values in the past. Banks have become more conservative in estimating vehicles residuals and as a result leasing has become more expensive. If you're getting this car for close to dealer invoice and the dealer is using its buy rate to calculate your payment you are getting as good a deal as possible. If this car is still too expensive for you to be comfortable with you will probably have to consider going with a different model. While I haven't crunched the numbers myself, I have heard that the Mercedes-Benz C300 is less expensive to lease than the 328i right now. Perhaps you should look into one. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: Car_man (Apr 22, 2009 1:44 am)
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Does anyone know the current (April/May) residual and money factor numbers for BMW leases for the following car... 335 Sedan HK stereo, leather, auto 36mo, 12k miles I need these numbers to compute a lease off the currently incentived final selling prices for this model.
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Replying to: bocastephen (Apr 28, 2009 4:18 pm) Are there any better lease deals in Southern California right now - perhaps better residuals or lower money factors versus other parts of the west coast (i.e. Seattle area).
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Hello, I want to lease a 2009 BMW 328xi. The sticker MSRP is $42,445. residual value is: 24,618.00 that is 58% of the MSRP which is 42,445.00. This is for 36 months with 15,000 miles per year. I was wondering what the best lease payment I could get on this would be? I was looking to pay about $525/mo with 1,000 down, is this realistic? if not, tell me what thee best payment I should pay.
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Replying to: spliffnut (May 06, 2009 10:21 am) |
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I am looking to get my first lease and have been reading a lot of information and I am still unsure. I am wondering if it's realistic to get an '09 328i coupe with msrp of $42,000 on a 36mo lease with 15k/year in socal for about 500 a month after all fees/taxes with 0 down. If this isnt realistic, does anyone have an idea of what a realistic number would be ? I appreciate any help. Thanks!
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| I'm looking to lease a bare-bone BMW 3 series sedan with MT. I did a little bit of research. The cheapest quote I found was $400 a month (not sure how many miles probably 10,000) with no down payment and no deposit plus tax. Although the website I found this deal is a little suspicious. What do you, guys, think is it a good deal? | |
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