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BMW 3-Series Lease Questions

3220 messages,  Last post on Dec 06, 2009 at 8:11 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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#2900 of 3220
2009 335xi Coupe-Boston, MA by wasabicky
Jun 28, 2009 (6:03 pm)
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Hi Car man! I'm new to this forum and I wanted to get some advice from you. I'm planning on leasing a 2009 335xi Coupe and checked out a dealership to test the waters out there. I received an offer of $48100 right off the bat from an MSRP of $52250 on a 36 month $10K lease. Would be around 2857 cash down to cover fees (which included a questionable $900 bank fee imbedded in the 'other fees' that he reluctantly told us). He is also getting the car from another dealer he wouldn't tell us.
Is that a good offer? Do you need anymore information?
 
Thanks!!
#2901 of 3220
Re: Need Carmann's help again [BeamerMan] by Car_man HOST
Jun 29, 2009 (3:17 am)
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Replying to: BeamerMan (Jun 12, 2009 2:25 am)

Hey BeamerMan. BMW FS' 10,000 mile per year residual values are 3% higher than its 15,000 mile per year residual values.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2902 of 3220
Re: Where is CarMan [BeamerMan] by Car_man HOST
Jun 29, 2009 (3:19 am)
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Replying to: BeamerMan (Jun 13, 2009 2:04 pm)

I'm here, BeamerMan. I go through the boards alphabetically. If I'm working on the other end, it sometimes takes ma a couple of days to answer questions.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2903 of 3220
Re: BMW 328i coupe Lease [nick0703] by Car_man HOST
Jun 29, 2009 (3:36 am)
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Replying to: nick0703 (Jun 16, 2009 8:45 am)

I'd be happy to work up a couple of sample lease payments for you, Nick.
 
According to my calculations, if you were to lease a 009 BMW 328i Coupe that has an MSRP of $40,300 and a selling price of $37,300 ($2,000 dealer discount & $1,000 cash incentive) through BMW Financial Services right now for 36 months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $446.
 
The payment for an otherwise identical lease of one with an MSRP of $46,550 and a selling price of $43,550 would be around $529.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2904 of 3220
Re: Lease deal with not enough credit? [jamieb15] by Car_man HOST
Jun 29, 2009 (3:40 am)
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Replying to: jamieb15 (Jun 22, 2009 3:49 pm)

Hi jamieb15. BMW Financial Services uses a pass / fail system. Either a consumer qualifies for its special lease program or they don't. I suppose that it's possible that BMW would require a down payment from consumers at the lower end of the group that qualifies for its program, but if it does I've never heard about it. I personally would try comparison shopping with a different dealer. The huge amount of money that's due at signing may just be this dealer trying to pull one over on you.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2905 of 3220
Re: 2009 335xi Coupe-Boston, MA [wasabicky] by Car_man HOST
Jun 29, 2009 (3:50 am)
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Replying to: wasabicky (Jun 28, 2009 6:03 pm)

Welcome wasabicky. BMW Financial Services' current base lease acquisition fee is $725. It charges this fee on every lease, but as you have seen...individual dealers often try to mark-up this fee in an effort to add hidden profit to deals. You definitely should try to get the dealer to remove the mark-up.
 
The 2009 335i Coupe that you're interested in probably has a spread of around $3,300 between its full MSRP and its dealer invoice price. Plus, BMW is providing a $1,000 cash incentive on leases of this car right now. That gives you a total of $4,300 to play with during your negotiations. You were quoted a discount of $4,150, which is a very good deal, even with the acquisition fee markup. Just make sure that the dealer uses BMW FS' buy rate lease money factor of .00175 to calculate your payment and you're in business.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2906 of 3220
Lease money factor differences by BeamerMan
Jun 29, 2009 (1:28 pm)
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Car Man, You quoted a lease rate from BMWFS of 00225 on a 10k 36 month rate on a 335i, but I noticed on another post you quoted 00175 rate. Why the difference?
#2907 of 3220
Re: 2009 335xi Coupe-Boston, MA [Car_man] by wasabicky
Jun 30, 2009 (8:38 am)
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Replying to: Car_man (Jun 29, 2009 3:50 am)

Hi Car man!
 
We figured out that he was inflating the MSRP by $1000 to give us that deal! So we went with that idea and asked him for the same deal, offering $48,650 on a car in stock at an MSRP of $52,800 that we confirmed. He offered $49,300, indicating it's $200 over invoice price. I think we're going to take that deal and now make sure he's not taking it back with excessive fees! In his initial offer, he included the bank fee in the inception fees as well as amortizing it into the monthly payments! We're busting out our laptop during the calculations to check the math. =D
#2908 of 3220
Good Price on 3 Series Lease? by robertw477
Jun 30, 2009 (2:43 pm)
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Replying to: wasabicky (Jun 30, 2009 8:38 am)

I saw a lease advertised from a lease broker on a 328I Sedan base model sign and drive 10K miles for 359 month plus tax. This is not a cap cost lease. Bank fees addtl. This seems like a very sharp deal.
 
Is this price possible? I have spoken to the rep there about some other cars but took notice of the BMW today. They show their price as 33,526.00 for this car.
 
Thanks
Rob
#2909 of 3220
Re: Lease money factor differences [BeamerMan] by Car_man HOST
Jul 02, 2009 (2:28 am)
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Replying to: BeamerMan (Jun 29, 2009 1:28 pm)

Hi BeamerMan. I'm not sure why you saw two different numbers. Did I post the messages in different months? Either way, here's BMW's new July lease program for the 2009 335i. Its current buy rate lease money factor and residual value for a 36 month lease of this car with 10,000 miles per year are .00225 and 59%, respectively.
 
This lease program may be combined with the $1,260 option credit and $1,000 lease cash that are currently available on the 335i Sedan.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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