Last post on Jun 27, 2011 at 3:43 AM
You are in the BMW 3-Series
What is this discussion about?
BMW 3 Series, Coupe, Sedan, Wagon
#70 of 109 Re: info on lease [hugo5]
May 12, 2007 (1:24 pm)
Not sure what other cars you are looking, but unless their MSRP are substantially less, I doubt you will be able to find a better lease deal than 328i because of the money factor and residual rate.
Here are the rates for the month of May:
2007 BMW 328i Sedan
24 Month – Residual 71% of MSRP – .00140 Base Rate
36 Month – Residual 61% of MSRP – .00140 Base Rate
2007 BMW 328Ci Coupe
24 Month – Residual 68% of MSRP – .00140 Base Rate
36 Month – Residual 58% of MSRP – .00140 Base Rate
The residuals above are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
#71 of 109 Re: BMW 328 i 36 month lease [hugo5]
May 12, 2007 (1:44 pm)
You are looking at 328i sedan, not coupe, right? If you are paying $429/month for a base 328i sedan, there should be little or no cap cost reduction required. Just look at kyfdx's example above. Now, if you were talking about the coupe, that would be another story due to higher MSRP, less discount, and lower residual. Otherwise, like you said, something isn't right. Why don't you post your specs. Some of us here may do a calculation for you.
#72 of 109 Re: BMW 328 i 36 month lease [kyfdx]
May 12, 2007 (3:44 pm)
Thanks for all the helpful replies! I am looking at the base model, as I don't think I can afford more. The only thing I would add, is the automated front seat control, and I can could certainly do without.
One more question: I live in New York, our tax is 8.25, and normally required upfront. You could opt to roll it into the payments, but I was told, that then you actually pay taxes on your taxes?
Anyways; am I paying taxes on the whole price of the car, or on the 36 month value of the car?
If you have time, could you give me the info on the X3 as well. My dealer said that because the residual is so high, he might be able to get me into that for almost the same?
Sounds strange to me, but if it works, I'd take..more space for the kids
#73 of 109 Re: BMW 328 i 36 month lease [hugo5]
by MrShift@Edmunds HOST
May 12, 2007 (6:42 pm)
You're only paying tax on the part of the car you are "renting" for the 36 months. If the residual is set very high, that will lower your payments, yes...but the leasing company locks in the residual---that's not negotiable.
#74 of 109 Re: BMW 328 i 36 month lease [Mr_Shiftright]
May 12, 2007 (7:07 pm)
Thanks so much. I just looked at the tax on the 36 month value and came up at $860. The dealer quoted me $1255.36. Is this a way they can trick you?
Have another question; she quoted me a $625 bank fee. I am sure this really varies, but is there a ball park figure, so I get an idea if this is for real?
#75 of 109 Re: BMW 328 i 36 month lease [Mr_Shiftright]
May 12, 2007 (7:41 pm)
sorry, one more uneducated question; I keep reading that the residual is based on the msrp. Does that mean, if the MSRP of the car I am going to lease is 35.920, but I negotiate it down to let's say 34.000, the residual will still be based on the orig. 35.920, not on the price I negotiated?
#77 of 109 MSRP verses cap cost
by MrShift@Edmunds HOST
May 12, 2007 (8:27 pm)
No, MSRP is MSRP and that's it. What you pay for the car is called "capitalized cost" and the residual isn't based on that as far as I know.
This website might help you a lot:
#79 of 109 Re: BMW 328 i 36 month lease [kyfdx]
May 13, 2007 (3:07 pm)
brought it over, thanks that would be great!