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BMW 3-Series Lease Questions

2421 messages,  Last post on Aug 20, 2008 at 2:50 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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#587 of 2421
MF...Advice? by maxdiesel
May 04, 2006 (1:47 pm)
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Does anyone where I can go to find out the current MF for BMWFS? I will be leasing a vehicle that is on order sometime in May, maybe June and want to be sure that I am an educated negotiator.
 
Please advise.
#588 of 2421
Expired Registration at Lease End - What happens? by carleaser
May 04, 2006 (6:31 pm)
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Does anyone know what happens if your registration is expired when you return the car at lease end? I am leasing a new BMW and I do not want to have to pay 2 registration fees, so I let my current registration expire. Would that cause any problems for me?
 
I'd appreciate any insight. Thanks!
#589 of 2421
Looking to lease a 2006 325i by snq310
May 05, 2006 (7:23 pm)
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The vehicle I test drove had an MSRP of $36,345, which included an automatic transmission, the premium package, heated front seats, and radio prep. What should I expect to pay for such a car over 36 months and 10,000 miles per year? The dealer mentioned something about a BMW bank loan with an exit clause that resembled a lease, but without the full tax on the car that is required in Chicago, IL. I have good credit and was am willing to put $2500 down. Any advice on how to structure the lease or negotiate a price is much appreciated.
#590 of 2421
Re: May rates? [krispaige] by Car_man HOST
May 07, 2006 (8:06 am)
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Replying to: krispaige (Apr 30, 2006 10:11 pm)

Hi krispaige. I hope that you locked BMW's April lease program in because its new May program is quire a bit worse.
 
Car_man
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#591 of 2421
Re: Bought car yesterday after rejecting lease proposal [moose123] by Car_man HOST
May 07, 2006 (8:07 am)
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Replying to: moose123 (May 01, 2006 9:37 am)

Congratulations on your new car, moose123. Enjoy!
 
Car_man
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#592 of 2421
Re: May money factors/special deals? [shoppergirl78] by Car_man HOST
May 07, 2006 (8:10 am)
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Replying to: shoppergirl78 (May 03, 2006 10:26 am)

Hi shoppergirl78. jakelat is right, this car's May lease program got worse. If you were to lease a 2006 BMW 325i through BMW Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00285 and 61%, respectively. The numbers for an otherwise identical lease of a 2006 325xi should be .00285 and 60%. BMW is not currently providing any dealer cash incentives on any models except for the '06 Z4.
 
Car_man
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#593 of 2421
Re: MF...Advice? [maxdiesel] by Car_man HOST
May 07, 2006 (8:13 am)
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Replying to: maxdiesel (May 04, 2006 1:47 pm)

Greetings maxdiesel. If you tell me exactly which car you are interested in, I can give you an idea of what BMW's current lease program is like for it. Its May lease program is scheduled to run through June 30th, so baring any unexpected changes the numbers that I provide you with will be good for the next two months.
 
Car_man
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#594 of 2421
Re: Looking to lease a 2006 325i [snq310] by Car_man HOST
May 07, 2006 (8:20 am)
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Replying to: snq310 (May 05, 2006 7:23 pm)

Hi snq310. Your lease payment for this car will depend upon the selling price that you are able to negotiate. Stop by the following discussion to see how much other community members have paid for similar vehicles lately: "BMW 3-Series: Prices Paid & Buying Experience". Once you have an idea of how much you should pay, let me know and I would be happy to use BMW's current lease program to estimate what this car's monthly payment should be like for you.
 
The loan that the dealer mentioned to you sounds like a balloon note. Balloon notes are very similar to leases in that they provide consumers with low monthly payments and the option to purchase their vehicles after a specific period of time for a predetermined price. Balloon notes are not nearly as popular as leases. The really only seem to be used in areas that have tax rules that make them more attractive than leases, like your area.
 
You really shouldn't make such a large down payment when leasing. If your lease BMW is stolen or totaled in an accident before the scheduled end of your lease, your down payment will essentially disappear. Consumers are free to lease any vehicle that they would like without making any capitalized cost reduction. All you will have to pay at lease signing is your car's first month's payment, a security deposit that is equivalent to that payment rounded up to the nearest $50 increment, BMW FS' $625 acquisition fee, and any required state taxes or fees.
 
Car_man
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#595 of 2421
Re: Looking to lease a 2006 325i [Car_man] by snq310
May 07, 2006 (9:43 am)
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Replying to: Car_man (May 07, 2006 8:20 am)

It looks like most people are paying about $34100 for a 3-series such equipped. This dealership is one of the biggest in the country and does a lot of volume. Nonetheless, at that price what do you think a 3-year, 10000 mile per year lease would be like? I'd like to go over there this week and take the car home. Thanks.
#596 of 2421
Re: Looking to lease a 2006 325i [snq310] by v_lad
May 07, 2006 (11:59 am)
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Replying to: snq310 (May 07, 2006 9:43 am)

take an invoice price, add 1 - 1.5% to it. take a money factor of 0.0027 or 0.00235 (they say they will raise it soon). set residual value at 64% of your price for that model 10000 miles and 36month lease. go to edmunds calculators and calculate your monthly payment. Expect to have a security deposit of about 500 and downpayment of about 2000.
 
If you are buing it - look at 1% over invoice without any hidden charges.

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