- #870 of 3226
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Re: Got me a lease on a 06 325i [be17jamln]
by Car_man HOST
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Oct 08, 2006 (4:46 pm)
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Replying to: be17jamln (Sep 28, 2006 7:32 pm)
Hi be17jamln. $500 over dealer invoice is a pretty good price for this car. The money factor that you were quoted is right in line with BMW Financial Services' current buy rate for this car, too. Both of the main profit centers for dealers, the selling price and money factor, look good to me. The only aspect of this deal that I have a problem with is your car's acquisition fee. BMW FS' current base lease acquisition fee is only $625. The dealer that you are working with is marking up the base fee by $200. This means that you are actually paying more like $700 over invoice for your car instead of $500 over. See if you can get them to cut the extra $200 out of the deal.
Car_man
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- #871 of 3226
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Re: Will leasing go on credit report? [chet21]
by Car_man HOST
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Oct 08, 2006 (5:06 pm)
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Replying to: chet21 (Oct 04, 2006 10:35 am)
Hi chet21. In a way, leases actually are very similar to loans in that the bank that you are leasing through is laying out all of the money for the vehicle that you are leasing. Leases definitely do show up on credit reports.
Car_man
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- #872 of 3226
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Re: October Data: 2007 3 series coupe leases [wrightrd]
by Car_man HOST
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Oct 09, 2006 (1:21 am)
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Replying to: wrightrd (Oct 04, 2006 5:06 pm)
Hi wrightrd. Here's the information that you're looking for. BMW Financial Services' current buy rate lease money factor and residual value for s 36 month lease of a 2007 BMW 328i Coupe with 15,000 miles per year are .00200 and 58%, respectively. The numbers for an otherwise identical lease of a 2007 335i Coupe are exactly the same. If you were to lease these cars with only 12,000 miles per year, their residual values would be 2% higher.
Car_man
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- #873 of 3226
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Re: October Data: 2007 3 series coupe leases [boardrider]
by Car_man HOST
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Oct 09, 2006 (1:25 am)
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Replying to: boardrider (Oct 05, 2006 11:21 am)
You're welcome, boardrider. I am not all that familiar with what the market is like for the 2007 328i Coupe yet. $500 is not much of a discount, but that might be what the going price for this model is at this time. You may be able to get an idea of how much you should pay for this car by visiting the following discussion: "BMW 3-Series: Prices Paid & Buying Experience".
The money factor that you were quoted for this car is a little high. BMW Financial Services' current buy rate for it is .00200 for consumers who pay a security deposit at lease signing and .00215 for consumers who opt to have their money factor waived. If you're only getting a $500 discount on this car, at least make sure that the dealer you are working with is not marking up its money factor.
Car_man
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- #874 of 3226
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Re: What deals have you gotten on the 335i? [scottyb1]
by Car_man HOST
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Oct 09, 2006 (1:32 am)
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Replying to: scottyb1 (Oct 06, 2006 8:37 am)
Greetings scottyb1. I would be happy to give you an idea of what sort of monthly payment you can expect on the car that you are interested in. All I need from you is the full MSRP of the exact car that you are interested in. It would be great if you were able to provide me with its selling price as well, but if not we can just assume some sort of set discount. You can look up the MSRP of this car in the following section of this site: Edmunds.com - New Vehicle Pricing.
Car_man
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- #875 of 3226
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Re: 2006 325i and 330i Lease Factors [pelter]
by Car_man HOST
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Oct 09, 2006 (1:42 am)
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Replying to: pelter (Oct 07, 2006 9:30 pm)
Hi Dave. The money factors that you saw posted are BMW Financial Services' buy rates, or wholesale rates as you put it. BMW dealers are allowed to mark these rates up to add additional profit to deals, and many dealers do so. Consumers who know what the buy rate for the vehicle that they want should be are usually able to get dealers to use it to calculate their vehicles' payments though.
Car_man
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- #876 of 3226
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Re: What deals have you gotten on the 335i? [Car_man]
by scottyb1
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Oct 09, 2006 (5:03 am)
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Replying to: Car_man (Oct 09, 2006 1:32 am)
Thaks Car man, I would estimate about $42k for the selling price. I'm looking at an '07 328i coupe. Thanks for all your help.
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- #877 of 3226
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Re: 2006 325i and 330i Lease Factors [Car_man]
by pelter
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Oct 09, 2006 (8:27 am)
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Replying to: Car_man (Oct 09, 2006 1:42 am)
Car Man,
Thanks so much for the info. Just out of curiosity, with the 2006 330i lease factor being at .00150 for Oct, is there any minimum mark up you would assume to allow for the dealer's profit? Thanks again!
Dave
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- #878 of 3226
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Re: What deals have you gotten on the 335i? [scottyb1]
by usctrojan99
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Oct 10, 2006 (7:54 am)
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Replying to: scottyb1 (Oct 09, 2006 5:03 am)
I ended up getting a 36 month lease (15,000 mile) on a 2007 328i coupe - Monaco Blue, Leatherette (I actually like the leatherette, and it was a lot less than leather), automatic, bluetooth, bmw access, sport package - 18'alloy wheels, premium sound, tinted windows, (and i know there are some other options that I am forgetting). I negotiated to about $41,777, with invoice being $$42,500 or so.
I had a car that had a loan balance of $11K, and was not in the greatest shape. The KBB on the trade-in was about $12K. The dealership paid assumed the loan balance to pay-off and took my trade-in.
I paid $1K down w/ $600/mo + tax for monthly payments.
I wish I knew about this site before I made the purchase to compare, but i did some basic lease calculations to get the deal. I paid a little more than I should have, but given that my work gives me a $400 car allowance/month, I thought life could be worse.
The dealer (in az) was not very flexible with price. I actually wanted the 335 coupe, but the dealer said it would have to be ordered and a wait of 8-10 weeks, which is more like 3 months. The dealer only had two 328 coupes on the lot. No 335s.
Also, I guess dealers don't include floor mats with cars. I did not know this. If you guys do buy a car just make sure you negotiate floor mats as I didn't.
This was my 1st time leasing, and I've learned some valuable lessons.
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- #879 of 3226
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Is this a good deal?
by evincent
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Oct 10, 2006 (10:24 am)
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I am looking to escape 2004 330i lease five months early. Owe total of $2625 on the current lease. Looking to turn in the 2004 and lease a 2006 330cic, performance pkg, xenon, bmw assist. On a 15k lease with $2500 down plus inceptions (total $4350) dealer is offering 24 month  $728/mo or 36 month $754/mo (both includes tax). Thanks.
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