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BMW 3-Series Lease Questions

3223 messages,  Last post on Dec 07, 2009 at 12:08 AM

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What is this discussion about? BMW, Car Leasing, Sedan, Wagon

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#3088 of 3223 Re: 335 conv lease question [wahoo90] by Car_man HOST Sep 28, 2009 (1:46 am)
Replying to: wahoo90 (Sep 16, 2009 11:43 am) No problem wahoo90. OK, so the 2009 335i Convertible that you are interested in has an MSRP of $55,400 and a selling price of $52,315.   This car probably has a spread of around $4,100 between its full MSRP and its dealer invoice price. Add to that the $1,000 cash incentive that BMW is currently providing on leases of this car (this allowance is larger in the West) and you have a total of around $5,100 to play with during your negotiations. This puts the offer that the dealer made to you at around $2,000 over invoice. That's enough room that it probably wouldn't hurt to comparison shop a little to see if you can beat this offer.   BMW Financial Services' current buy rate lease money factor for this car is indeed .00180 for returning customers or new ones that pay a security deposit at lease signing.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#3089 of 3223 Re: Hey Car_man [ghetto2315] by Car_man HOST Sep 28, 2009 (1:50 am)
Replying to: ghetto2315 (Sep 17, 2009 10:23 am) You're very welcome. I'm glad that I was able to help your mother out. Now on to your uncle.   The only special offer that BMW is currently providing on the 2009 M3 is 0.9% financing for up to 5 years. It does not have any cash or lease support on this car at this time. BMW is not providing any support yet on the 2010 model.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#3090 of 3223 Re: Will deals BMW lease deals in October get better? [justjill3] by Car_man HOST Sep 28, 2009 (1:57 am)
Replying to: justjill3 (Sep 21, 2009 9:57 am) Hi justjill3. BMW's current lease program is scheduled to run through November 2nd. While it is theoretically possible that it could make an unscheduled enhancement to this program, chances are that it lease program on the 328i will be the same next month.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#3091 of 3223 Re: Sept 2009 328xi Lease Deal Review [sksmith] by Car_man HOST Sep 28, 2009 (2:04 am)
Replying to: sksmith (Sep 23, 2009 12:13 pm) Hi sksmith. Let's start with this car's money factor. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2009 328xi Sedan is .00225 for returning customers or new ones who opt to pay a security deposit at lease signing. It will waive its security deposit requirement for non-returning lessees in exchange for a .00015 money factor increase. As you can see, the money factor that you were quoted is too high. This is not surprising, BMW dealers are notorious for trying to mark vehicles' factors up to add additional hidden, back-end profit to deals. See if you can find a dealer that will calculate your payment using this car's buy rate.   The selling price that you were quoted for this car is $1,635 over dealer invoice, which isn't great. Making matters worse though are the fact that this car has a $1,840 option credit and at least an additional $1,000 cash incentive on leases of it. Add these to the $1,600 and we're talking about almost $4,500 over invoice, which definitely is not a good deal. If I was offered this lease, I personally would shop around.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#3092 of 3223 Re: 2009 BMW 328i Convertible Lease Terms [rahulg] by Car_man HOST Sep 28, 2009 (2:09 am)
Replying to: rahulg (Sep 24, 2009 7:19 pm) Here you go, Rahul. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 328i Convertible with 15,000 miles per year are .00200 and 59%, respectively. The numbers for an otherwise identical lease of a 2009 model are .00180 and 58%.   You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.   BMW is currently providing a $1,000 cash incentive on leases of the 2009 328i Convertible in most of the country, though this cash is greater than that in the southern and western U.S.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#3093 of 3223 Re: 328i lease question [msimeone] by Car_man HOST Sep 28, 2009 (2:14 am)
Replying to: msimeone (Sep 24, 2009 9:40 pm) You're very welcome Mark. As you mentioned, in the Western U.S., BMW is providing a $2,000 cash incentive on leases of the 2009 328i Sedan. Its cash incentive on the 335i Sedan is actually slightly better than that in the West, $2,500.   Remember that BMW is providing an option credit of $1,260 for a free automatic transmission on these cars as well.   I know that LA is a competitive market, but it might be difficult to find a dealer that's willing to lease you this car at dealer invoice minus all of the available cash incentives. I personally would shoot for $500 to $1,000 over minus the cash and see what happens.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#3094 of 3223 Re: CarMan - demo lease question [mlong9876] by Car_man HOST Sep 28, 2009 (2:16 am)
Replying to: mlong9876 (Sep 26, 2009 9:00 am) You're very welcome, mlong9876. Congratulations on getting your new "3." Thanks for stopping back to let us all know how everything turned out. If you have the time, make sure to hop on over to the Dealer Ratings & Reviews section of this site to tell everyone about your recent dealer experience. Enjoy your new ride !   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#3095 of 3223 Re: Is this a fair lease for a 2009 328i? [bcd2] by Car_man HOST Sep 28, 2009 (2:19 am)
Replying to: bcd2 (Sep 26, 2009 3:40 pm) Hi bcd2. $500 under dealer invoice after the deduction of the $2,000 cash incentive is a very good deal on this car. The dealer is making back a little of this by marking up your car's money factor slightly from its base .00220. See if you can get them to use the buy rate to calculate your car's lease payment. Even if you can't this is still a good deal.   I wouldn't worry about the mileage or how long this car has been on the lot. While two hundred miles is not ideal, it's not that big a deal. Any vehicle that has been on the lot for that long is bound to have some test drive miles on it.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#3096 of 3223 Need 2010 335d residuals and money factor by anowlan Sep 28, 2009 (3:49 am)
Car_man, I have a 335d on order that should arrive prior to Nov. 2. Can you provide current residuals and money factors for 36mo, 12k/yr Replies to this message: Car_man (Oct 01, 2009 2:43 am)
#3097 of 3223 Re: Sept 2009 328xi Lease Deal Review [sksmith] by msimeone Sep 28, 2009 (8:51 pm)
Replying to: sksmith (Sep 23, 2009 12:13 pm) sksmith...   i agree with car_man...shoot for 500 over invoice BEFORE lease cash and credits. use edmunds.com to submit your request for the above BMW to dealers in your area. You'll be contacted by the internet salesperson who knows you've been doing internet research and are more educated than the average consumer. I know in Los Angeles the BMW internet reps have been great. They cut to the chase and they are willing to move cars. But you gotta work it. get a deal from one dealer then call a second dealer and specifically ask how much lower can they beat the price in terms of sale price and MF.   Good Luck, Mark

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