Last post on May 19, 2013 at 10:45 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
BMW, Car Leasing, Sedan, Wagon
#4913 of 5165 Covering first payment?
Feb 13, 2013 (7:38 pm)
Currently negotiating a lease on a 335is. Noticed a few posts ago something about BMW covering the first payment. Of course it hasn't been mentioned in the back and forth with the dealers. Is there somewhere I can look this up for confirmation and print it out?
#4914 of 5165 2013 328i Lease Question
Feb 14, 2013 (7:05 am)
Hey Car man, I was contacted by my BMW dealer and was told that I can bring in my current leased 328 coupe early for a new BMW. I have about 6 moths left but am about 13K below the mileage limit (45k) so I was thinking I can use this as leverage during negotiations.
1.) Can you provide me with the February money factor and residual based on a 36 month 15k/year lease for a 2013 328i Sedan?
2.) Also, aside from the $750 loyalty incentive is there anything else currently being offered by BMW? Is there another $1000 in lease cash by any chance? Also is BMW picking up the first month's payment?
From my research it seems like the current money factor is .0013 and the residual would be 60%. Could you please verify these for me?
The MSRP on the car is $43,570 (Sport Line, Lighting Pkg, Heated Seats, Moonroof, Harmon Kardon). Including all incentives I am aiming at an out the door price of $38,500-$39,000. Absolutely no money down. Is that possible? I don't want to pay more than $480-$490/month, and that is with taxes included (NJ-7%). Based on a $39,000 out the door price I'm coming up with a $472/month (including taxes). Does this sound right? Thanks!
#4915 of 5165 BMW 328i Lease Question
Feb 15, 2013 (12:57 pm)
Hi Car man,
I am preparing to make an offer on a 2013 328i with an MSRP of $48,770. I am assuming an agreed upon value of $44,770; a dealer rebate of $1,750 ($1000+$750 loyalty); an acquisition fee of $725; a residual of 65%; a money factor of .0013 (top tier credit); 10k miles per year; 36 mo lease; and a $0 down payment (except fees and first month payment).
My questions are:
(1) Does this appear to be a reasonable offer?
(2) Based on the information I've shared, can you estimate (roughly) what my monthly payment would be?
Thanks so much!
#4916 of 5165 RV%, lease advice
Feb 16, 2013 (2:15 pm)
Hey Car Guy,
If Iím looking to lease a 2013 335i convertible loaded with pkgs:
1) If MSRP is approx. 62k, what should invoice be?
2) If mileage is 12k/yr, what should RV% be (.62?)
3) car is at a dealership distant part of my home state:
a) should I negotiate with the local dealership, whom I know pretty well, and have them do a dealership swap for the car?
b) should I negotiate directly with dealership who presently has the car and have them deliver car to me?
Iím essentially using the Edmunds lease formula and would like to get the price closest to what I calculate once I correct for your advise on approx. invoice and approx. RV% with 12k/yr lease.
THANK YOU, THANK YOU!!!!
#4917 of 5165 335I End of lease considering 335Is new lease
Feb 18, 2013 (9:00 am)
I found out the hard way that if they can take your money they will. I felt like they robbed me when I first leased 335I. Next month 03/2013 will be the end of that lease and I came back to the same dealer and I think they're trying to rob me again. I'm now looking 335Is which came to 66,845 MSRP.
First I asked them the buyout price. It's stated in my contract that it's $37,000. But when they calculated the buyout price it's actually $38K because they're adding $750 charge for the car run through their shop. That's total BS. It's my car and I want to buy it. I don't want to pay $750 for extra checkup...
Then I asked about the new lease for 335Is with 66,845 MSRP. I also owe them $2400 worth in miles overage and no run flat tire. They told me to leave my current car there go rent a car for a month while they order this new car. Put $5k down. Then pay them $862/month for 36 months.
I assume since I'm leaving the car with them I don't have to pay last month lease.
Is this a good deal? On their website the lease offer is only $529/month for 36 months for msrp of 63K car excluding tax, tags, title. I was told that deposits will be 4700 + tax 4000 + my miles overage 2400 + run flat 1600 = ~$12,700 in order to turn my car in and get that $529/month rate for the new 335Is. Is he lying and using scare tactics?
How much can the tax be? Do they tax on the entire MSRP or just the lease amount? I feel like they're trying to rob me. Any pointers are greatly appreciated.
#4918 of 5165 328i M Sport Lease for $553
Feb 18, 2013 (6:15 pm)
So here is the offer I am mulling over. 2013 328i M Sport in Estoril Blue. Bluetooth is the only option other than paint and m sport.
Selling price: 40,295
Acquisition fee: 725
Total Cap Cost: 40,020
1st moth pay: 553.35
Fees and insurance: 181.50
Total due at delivery: 734.85
36 months at $553.35
17K miles (2k additional miles per year 0.15) Total Miles Allowed 51K
Money Factor 0.00130
Total residual 24,777
Is this a good deal? The dealer is in PA, as am I, and is marking up the car $500. Or so he tells me.
#4919 of 5165 Smart woman who knows nothing about leasing needs help
Feb 19, 2013 (6:02 pm)
Lease is up on my 335i convertible and I'm looking to lease a 2013. I believe I was completely taken during my last sales encounter (I was talked into putting down $6,000 plus fees and I had a ridiculously high monthly payment).
MSRP for the new vehicle is $59,145. I believe the sales person calculated the lease payment based upon a final cost of $55,900, but all that paperwork magically disappeared. I have no idea of the residual value. All is know is my monthly payment would be $646.29 for 36 mos, 10k miles per year. Total out of pocket is $1801.89. Does this sound reasonable, or do I need more info?
Has anyone heard of Best Buy Auto Leasing out of NY? They gave me a lease based on selling price of $59,145 MSRP, 65% residual, .00130 MF. Out of pocket around $1,600, monthly payment $564.82.
#4920 of 5165 Re: Smart woman who knows nothing about leasing needs help [drmom3]
Feb 20, 2013 (4:56 pm)
Let put it this way, bestbuyleasing.com is a broker and adds its fee, but they do give you a good idea of what a good deal is. You should be able to get about $40 per month less directly from a dealer. Shop around and, yes, no money down is the way to do a lease.
#4921 of 5165 2013 BMW 335i sedan
Feb 20, 2013 (10:54 pm)
Could you tell me what the money factor and residual would be for a 2013 335i lease for 36 mo, 10K/yr and 12K/yr?
#4922 of 5165 2013 BMW 335xi sedan
Feb 21, 2013 (4:45 pm)
Looking at leasing a 2013 335xi sedan.
Selling price: $53,495 before taxes and fees
Quoted MF: 0.00170
Quoted Residual for 3 years 36,000miles: 62%
With $7500 dollars down (I choose that number not the dealer) to cover all fees and a decent up front payment. I am being quoted a monthly payment of $475 a month. Should I be looking to try to negotiate the money factor to the base rate of 0.00130 and/or negotiate better on the selling price? What would the residual be if I went with 15,000 miles per year?
Can somebody let me know if this deal looks good or not? Not sure how I feel about them upping the money factor.