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BMW 3-Series Lease Questions

2457 messages,  Last post on Sep 07, 2008 at 7:52 PM

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What is this discussion about? BMW, Car Leasing, Sedan, Wagon

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#890 of 2457 Zero Down BMW Leases by mdiver65 Oct 28, 2006 (5:49 pm)
Hi All,   I'm relativley new to leases but have been reading up on them as of late. It sounds likes BMW (and most others) are infamous for requiring $$ down.   That's why I was shocked to find an advertisement in the paper today for "Zero Down" (I know that doesn't mean $0.00 down!!) leases from Scottsdale BMW.   I am trying to figure out if this is a "good deal." They are offering a 2006 BMW 325ia for $425+/month (36 months). Also, a 2007 525ia for $499+ (24 months).   Due at signing is 1st months payment, tax, license, acquisition fee, ref security deposit, and $388 doc fee. No total "down" is provided.   Basically, I am trying to avoid putting anything down like $2500 I see so much. I know total fees, payment, will be over $1K probably. Better than $3500.   Can one enlighten me if this is a good deal and what I should be looking for it not. THANKS for all your help out there in leasing land!!   Mark in Phoenix Replies to this message: Car_man (Oct 29, 2006 5:46 am) mdiver65 (Oct 29, 2006 3:18 pm) wrenchrad (Nov 01, 2006 11:39 pm) and 1 more... Car_man (Nov 26, 2006 7:09 am)
#891 of 2457 328xi lease by macar Oct 28, 2006 (6:22 pm)
I'm close to leasing an 07 328xi, but am hesitating on the money down. Has anyone had recent experience with leasing with BMW without money down, or very little?   Also, what kind of money factors have others got? Right now they are at .00324. Thanks Replies to this message: achiever (Oct 28, 2006 7:41 pm) Car_man (Oct 29, 2006 5:56 am) appu (Nov 10, 2006 8:50 am) Car_man (Nov 27, 2006 3:40 am)
#892 of 2457 Re: 328xi lease [macar] by achiever Oct 28, 2006 (7:41 pm)
Replying to: macar (Oct 28, 2006 6:22 pm) I just leased a 2006 330i in SoCal and paid only the first month's payment, DMV fees, and $8 tire recycling fee. I would recommend this way of doing it. I still received the base money factor and the acquisition fee was the base $625 and was rolled into the lease.
#893 of 2457 Leases don't require anything "down"... by shipo Oct 28, 2006 (7:44 pm)
I've leased two BMWs (not to mention a half a dozen other cars) and never put a dime down on any lease. I also have any number of friends and business associates who lease their cars and no one that I'm aware of have ever put anything down on their cars.   As far as I can tell, the only reason for the "down" payment as seen in most advertisements is to be able to splash a low monthly payment on the page.   Best Regards, Shipo
#894 of 2457 Re: What deals have you gotten on the 335i? [scottyb1] by Car_man HOST Oct 29, 2006 (5:07 am)
Replying to: scottyb1 (Oct 09, 2006 6:03 am) No problem scottyb1. OK, what is this car's MSRP? This is just as important as the selling price when calculating a lease payment.   Car_man Host Prices Paid Forum
#895 of 2457 Re: 2006 325i and 330i Lease Factors [pelter] by Car_man HOST Oct 29, 2006 (5:09 am)
Replying to: pelter (Oct 09, 2006 9:27 am) You're welcome, Dave. Most consumers who know what the buy rate lease money factor is for the vehicle that they want are able to find a dealer that is willing to lease them using it.   Car_man Host Prices Paid Forum
#896 of 2457 Re: Is this a good deal? [evincent] by Car_man HOST Oct 29, 2006 (5:18 am)
Replying to: evincent (Oct 10, 2006 11:24 am) Hi evincent. Why do you want to get out of your current lease early? Doing so is usually fairly expensive. You probably would be much better off waiting until the scheduled end of your current lease to get a new car. If for some reason you really can't wait I would be happy to give you my opinion of the lease that you are considering. In order to do so I need you to provide me with the selling price and MSRP of the car that you are interested in. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. Let me know what these numbers are and I'll tell you what I think.   Car_man Host Prices Paid Forum
#897 of 2457 Re: Options for Ending a Lease Early? [isamu66] by Car_man HOST Oct 29, 2006 (5:21 am)
Replying to: isamu66 (Oct 10, 2006 12:10 pm) Welcome back, Charles. Why do you want to get out of your lease so soon? If this is what you really want to do, there's no need to involve the dealership. The cost of getting out of your current lease is completely between you and BMW Financial Services. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.    You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values" Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.   Car_man Host Prices Paid Forum
#898 of 2457 Re: BMW 335i lease quote [new2beemer] by Car_man HOST Oct 29, 2006 (5:26 am)
Replying to: new2beemer (Oct 16, 2006 2:29 pm) Hi new2beemer. What bank is the lease that you were quoted through? It does not appear to be BMW Financial Services. BMW FS' current 36 month, 12,000 mile peer year buy rate lease money factor and residual value for a 36 month lease of a 2007 335i with 12,000 miles per year are .00270 and 63%, respectively. Plus BMW FS' acquisition fee is only $625, instead of the $825 that you were quoted.   I would be happy to share my thoughts on the selling price that you were quoted on this car if you provide me with its full MSRP. This number will show me how much of a discount you are being given on it. You also may want 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
#899 of 2457 Re: 2007 3-series coupe money factors [ubermu] by Car_man HOST Oct 29, 2006 (5:33 am)
Replying to: ubermu (Oct 17, 2006 12:57 pm) Hi ubermu. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2006 325i with 15,000 miles per year are .00225 and 61%, respectively. I believe that BMW FS charges a disposition fee of $350. I do not believe that dealers have the ability to mark-up BMW FS' disposition fee like they can mark-up its $625 acquisition fee.   Car_man Host Prices Paid Forum

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