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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
3226 messages, Last post on Dec 08, 2009 at 2:50 PM
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Replying to: cotmc (Aug 28, 2009 8:52 pm) .
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Replying to: gar653 (Aug 30, 2009 11:30 am) Two different dealers here in AZ, plus a dealer in California (see a previous post), are all stating $2K cash. And don't forget I have the completed lease agreement paperwork which appears to support this argument. For your question, you should probably state the length of the lease as well as the annual mileage allocation. Otherwise, it's difficult to provide feedback. |
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Replying to: bball69 (Aug 29, 2009 8:50 pm) Is that $375 monthly payment inclusive of sales tax? With sales tax, my payment comes to $326. My payment is based on a $2500 cap reduction. Yes, there were other fees I paid in addition to this. In all, I paid about $5000, including lease inception fee, license, doc fee, first month's payment, etc. I didn't need to pay a security deposit, due to my history with BMW Financial. For your deal, is $3500 the cap reduction, or is it representing the TOTAL FEES you pay at signing?
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I just ordered a 2010 328xi with premium, sport, satellite and ipod, metallic paint for $38,375 at a dealer in Los Angeles. Any ideas what the lease programs on the 2010s will look like or when they come out?
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I'm a repeat customer and the dealer will take my car back early - 2 more payments - The MSRP is 42,695 and they are selling it to me for 37,500 - 1000 lease cash. + capped taxes of 1412.03 for a total of 37,912. We're using the MF of .00135 and residual of 58% + 2% on a 36 months 12k yr lease. Total out of pocket is 1447.91 which includes first month (456.63), Aqu Fee (725) Fees and Ins (105) and upfront taxes (161.28) plus cap cost reduction of 1000 minus customer rebate of 1000 (a wash). The car only has 2k on it now and they will pull it from circulation at 4,000. TOP 1447.91 456.63 pm for 36 mos 12k per year Is this a good deal or should I try to do better? |
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Replying to: cotmc (Aug 30, 2009 8:28 pm) Thanks for clarifying all the information.
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Replying to: cotmc (Aug 30, 2009 8:05 pm) Here is the link to BMW of North Scottsdale's web site where they specify the $2000 lease cash incentive: http://www.bmwnorthscottsdale.com/bmw-cash-rebate--2000-lease-cash--sid-1734.htm- l
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Replying to: bball69 (Aug 31, 2009 2:19 pm) Put in a different perspective -- If I had dropped my cap reduction to $500, I suspect my monthly payment would have been somewhere between $360 - $365, before tax. This is for MSRP of $38,100. So, if your sales team isn't willing to budge closer to invoice cost on your car (and lower your payments below $375), maybe it wouldn't be improper protocol to call up the guys in their internet department? |
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Made the following deal in Boston yesterday: 328 xi Coupe - Auto, Premium, Cold Weather, Nav, USB/iPod, Smartphone, Metallic Paint. MSRP: $47,300 Sale Price: $43,500 - $1,000 BMW Cash = $42,500 12K, 36 months, 60% residual, 0.00135 MF $489/month + tax Thoughts? |
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Replying to: cotmc (Aug 30, 2009 8:05 pm) re your lease inception fee, I was quoted $825 from 2 DC dealers who said it was universal. And I was just informed by one yesterday that BMW has new terms coming out today. Maybe they will go $2K lease cash here too? to answer your question, my quote was a 12K - 36 mo . What do u think?
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