Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
2446 messages, Last post on Aug 29, 2008 at 5:00 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
I know there is more to consider than just monthly payments. I am looking at a 2006 325ci in Lexington, KY. I was quoated $399/mo, $2,500 at signing. The sticker price was $42,000 (I believe). This sounds good to me. But from what I'm reading here, there are some #'s missing that are important. The salesman said that at the end of the 36 mo, I could return the car and get another one, sell it or buy it and keep it. I've heard horror stories about people owing more on their leased cars at the end of the lease than they're worth (residual?). How do I keep that from happening? My employer would be leasing the car for me to use. Who pays for the insurance? Can I get the insurance cheaper than my employer? Or can I insure a car that's not in my name? I'm brand new to this, so please forgive my ignorance. I liked the idea that BMW has that special maintence program which will help me with everything but tires and gas (so I'm told by the salesman). He said I could buy tire and rod insurance for around $335, I think he said. I'm not sure if that was "per year" or for the life of the lease. He said that this insurance would pay for itself in one ruined tire because the tires are very expensive. Is this true? Would this insurance be a good idea? As an older woman, I don't want to be "taken to the cleaners" just because I'm a girl. So I appreciate any help you could give me. Sunny
|
|
|
Replying to: wco81 (Jul 06, 2006 5:56 am) Car_man Host Prices Paid Forum |
|
|
Replying to: 03accordman (Jul 06, 2006 8:06 pm) It is difficult to say what BMW's future lease program will be like on this car. I am sure that dealers will probably begin to discount 2006 models more once the 2007 3-Series is available and BMW may even introduce dealer cash to help dealers unload their leftover models, but this does not necessarily mean that this car's lease program will be better. That late in the model year it is entirely possible that its lease program will actually be worse. Only time will tell for certain what will happen. Car_man Host Prices Paid Forum |
|
|
Replying to: richlux (Jul 06, 2006 8:44 pm) Car_man Host Prices Paid Forum |
|
|
Replying to: brianm4 (Jul 07, 2006 7:41 am) Car_man Host Prices Paid Forum |
|
|
Replying to: shehzy (Jul 07, 2006 5:18 pm) Car_man Host Prices Paid Forum |
|
|
Replying to: inguy (Jul 10, 2006 1:44 pm) Let me begin by saying that the money factor that you were quoted for this car is too high. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2006 BMW 330xi is only .00175 for consumers who pay a security deposit and acquisition fee at lease signing (or have the acquisition fee added into their car's capitalized cost). The selling price that you were quoted for this car appears to be around $1,500 over dealer invoice, perhaps a little more. Have you tried shopping around at all. There is some room there so it probably wouldn't hurt to see if you can get this car from a different local dealer for less. There's no guarantee that you will be able to, but since you have $1,500 to play with it wouldn't hurt to try. Make sure to stop by the following discussion to see how much other community members have paid for similar cars lately: "BMW 3-Series: Prices Paid & Buying Experience". Car_man Host Prices Paid Forum |
|
|
Replying to: beamerlover (Jul 13, 2006 9:52 am)  . Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. The money factor that you were quoted for this car is right in line with BMW Financial Services' current buy rate for it. This is a good sign because it means that the dealer that you are working with is being straightforward with you and not trying to mark your car's money factor up to add additional hidden back-end profit to your deal. The other main profit center for dealers on leases is vehicle's selling prices. In your post you mentioned this car's MSRP and dealer invoice price, but never its actual selling price. This is an important number for you as a consumer to know. It shows you how much of a discount you are being given and it enables you, in conjunction with this car's lease program, to calculate what its lease payment should be. Make sure to find it out before finalizing your deal. Car_man Host Prices Paid Forum |
|
| What is the current money factor and residual for a 2006 330i? My car is supposed to be in this weekend or early next week -- just want to make sure my salesman is being up front with me. Thanks for the info. | |
|
Replying to: newcar45 (Jul 15, 2006 6:43 pm) Car_man Host Prices Paid Forum |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
Browse by Board
Browse by Topic
Today's Chats
