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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
3219 messages, Last post on Dec 05, 2009 at 7:06 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi dadkins. Not only are you not being given a very attractive selling price on this car, but the money factor that you were quoted is being marked-up to add additional back-end profit to your deal. I can understand paying $800 under MSRP for this car if that is what the market dictates in your area, but you should try to get the dealer that you get your car from to use BMW Financial Services' buy rate lease money factor of .00250 to calculate your lease payment. You are required to pay a security deposit equivalent to your vehicle's monthly payment rounded up to the nearest $50 increment and BMW FS' $625 acquisition fee to take advantage of this money factor. Using BMW's actual base lease program, an MSRP of $37,120, and a selling price of $36,715, I estimate that this car should have a zero down, pre-tax monthly payment of around $634. With a $1112.33 capitalized cost reduction, your car's monthly payment would drop to around $599.43. Car_man Host Smart Shopper / Prices Paid Forums |
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Any idea on the october numbers on the new 325xi wagon? 36 months - 15K a year? thanks ka |
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Replying to: Car_man (Oct 06, 2005 5:30 am) What is the MF and residual for 2006 BMW 330i for 36 month/10k miles per year? My dealer is not budging off .0027. It seems like that MF (which is based on Sept numbers) has a high-markup...probably to compensate for the $1000 above invoice deal I got. Can I go to BMWFS directly to get a better rate? Thanks.
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Replying to: casio (Oct 06, 2005 1:25 pm)
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Replying to: bdr127 (Oct 06, 2005 1:54 pm) |
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A couple of questions for car_man or anyone who might know. Does the money factor rate drop during this time of the year for a BMW 330i. What is the Oct. rate? Can you estimate what it will be in Nov.? What would be a good monthly payment for a 2006 330i with a 38,770 MSRP negotiated down to 37,270 with no down payment and tax rolled in (NY 8 1/2 %) ? Thanks Docbowl |
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Car_man I failed to give you the following 12,000mi. per yer for 36 mos. Thanks Docbowl |
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Replying to: Car_man (Oct 04, 2005 2:11 am) I asked for: MSRP: 36,795 Selling Price: $34,795 Lease Mos. 42 Down Payment: 1305 (incl first month payment as security, destination charge of $695 and title $80 and doc fee $56) I asked for a payment of $475 per mos. They told me they could not come close to this deal, and would not really give me any numbers. They told me that the residual value I was using was incorrect. I used a residual value of 61%. They also told me that in Illinois there is a sales tax and a usage tax on leases. Please let me know if this is true. Let me know what you think of this deal I proposed. I plan on shopping around, and want to have a clear idea of the residual value and the tax. Thanks for the help. |
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I realize the following questions might sound naive, but what the heck, I need some advice. Up until recently I figured I'd be a Honda driver for life, no complaints there at all, but then my economic reality changed radically for the better with a major book sale. I've incorporated as a S-corp here in NC and find myself looking now for a new car for my company and have pretty well centered in on a BMW 325xi I'm use to 4WD with my Honda and definitely need it up here in these mountains. My questions. Tax wise, am I really better off leasing than buying. The reason I ask here, is that I'm getting conflicting views from my accountant versus financial advisor. Second, do you see the BMW 325 xi as a good three year lease value. I had a wonderful test experience with it today and the thought of going back to a camry or SR-V is well, well its rather depressing. Finally, any general advice points as I go in to lease would be appreciated especially how to calculate if I am getting a fair deal. Thank you, Bill near Asheville NC |
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Replying to: Car_man (Oct 04, 2005 2:18 am) You stated thru BMW October lease program that the pe-tax pymt based on my MSRP would be $480/mo - WHAT were you basing the pymt on with regards to the Money factor rate, and residual value? Is BMW running an October subsidized lease special? I have since found a better deal with a different dealer(Global Imports, Atlanta, GA) - here is what he is offering me and tell me if this is good; MSRP: 36,325 (which is for '06 BMW 325i, Metallic paint, sirius satellite, Premium Pkg, Gray Leather) He is quoting me a lease payment based on 36 mos/15yr miles with taxes included of: $ 597.64/Mo with $1,640 due at signing- I live in FL- 7% sales tax-The dealer states his rate is 4% Is this true? |
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