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BMW 1 Series, Car Buying, Car Leasing, Coupe, Convertible
#106 of 251 2010 135 convertible
Jul 30, 2010 (8:29 am)
I bought rather than leased a new 135 convertible.Black with red interior, sport pkg, cold weather, auto, sport steering wheel, power seats,ipod & usb adapter. I would have liked parking sensors, navigation and satellite radio but c'est la vie. Sticker 47265. I paid 44410 plus tax. I bought because BMW gave me 72 months financing at 0.9%. I couldn't resist the almost no interest financing. After calculating the numbers back and forth, it didn't pay to lease. I also bought the BMW tire & wheel warranty which cost an additional 1295. It came in handy as I picked the car up out of state and I blew a tire at 2000 miles in Texas. These Bridgestone run flats are so stiff that without the tire monitor pressure system going off, I wouldn't have know that the tire was flat. It had zero pressure in it.
#107 of 251 Re: 2010 135 convertible [kabbalah]
Jul 30, 2010 (4:14 pm)
They key point is this is a 2010 and not a 2011 (which are available everywhere now). They have 0.9% for 72 on the left over convertibles plus $1,500 in dealer money as well. If you can find a left over coupe, I think you can do 0.9% for up to 60 and the dealer gets $1,500 as well. For 2011, the rates are 1.9% for 60 and no dealer money.
I don't think BMW has a wheel and tire warranty, that is something the dealers foist on customers for extra profit. Depending on which tire blew and which tires came on the car, you could buy a replacement from TireRack for $275 to $340 - so a whole new set of 4 for less than you paid for the warranty. I would think a new tire with 2k on should not blow and the manufacturer should replace it under warranty as defective - unless you ran over something the blew the tire out.
I wish BMW would give us the option of a spare and normal tires - the run flats are way too much of a compromise in comfort and performance compared to the best "air required" tires.
#108 of 251 Waived security deposit MF increase?
Jul 30, 2010 (6:39 pm)
If you get BMWFS to waive the security deposit on your lease, is it still a .00015 bump in the MF? The 135i buy rate is 0.00170 so would go to 0.00185 if they still use the same formula.
They waive this for "free" for current and past BMWFS customers, but I am not sure how recent of a customer you need to be to qualify.
#109 of 251 Re: Waived security deposit MF increase? [dwynne]
by kyfdx@Edmunds HOST
Jul 31, 2010 (5:51 am)
Yes.. the MF bump to waive the security deposit is .00015
Obviously, you are better off making the deposit..
Not sure of how recently you have to be a customer, but for most other issues, it's between 60 days and 6 months...
#110 of 251 Re: 2010 135 convertible [dwynne]
Jul 31, 2010 (9:21 am)
Yes I know it's a 2010. I like cheap money. The tire and wheel is from BMW and not a third party warranty company. I think it is well worth the investment based on this experience and my previous 5 BMW's. Don't forget this covers me for 5 years including tires that are replaced. One pothole along with a damaged wheel and tire and you'll think otherwise.Here is a link to BMW regarding the policy. http://www.bmwusa.com/Standard/Content/Owner/BMWUltimateProtection/TireandWheelP- rotection.aspx
#112 of 251 Re: Money Factor and Residual Value for 2011 128i lease [Car_man]
Aug 02, 2010 (5:24 pm)
Just make sure that the dealer is using BMW Financial Services' buy rate lease money factor to calculate your payment and you're in business.
Maybe you or someone else could point to a BMW dealer that lets you have the buy rate, does not mark up the acquisition fee, and has a reasonable doc fee?
I have leased BMWs before, but this time every dealer I talk with is doing about a point over buy rate, jacking up the bank fee (by as much as $300), and has a $400 or more doc fee. They offer discounts ranging from $800 to $2,400 off MSRP (so far), but when you factor in the inflated numbers this deals are really not that hot. This is for an ordered 135i coupe - on a loaded up car the inflated MF alone is $30 or more a month on the payment (tax included) or over $1k on the term of the lease. If I have to travel too far or have to the car hauled to me, then I might as well pay the rip off inflated rate...
Aug 03, 2010 (7:55 am)
A reporter is looking to speak to consumers who recently got a new vehicle because of the great lease deal. Please send your daytime phone number and the car you purchased to ctalatiedmunds.com by Friday, August 6, 2010.
#114 of 251 August lease numbers?
Aug 04, 2010 (11:48 am)
I know BMW has released its August lease numbers to dealers, but haven't seen them on any message boards yet. I'm probably going to lease a 135i for two years and I'm locked in for the July numbers if I want them, but just trying to figure out if the August numbers are any better. And I'm not sure I trust the quotes from my sales person.
Anyone have August 2010 residuals and money factors for 2011 1 series yet?
#115 of 251 Re: August lease numbers? [rjg001]
Aug 05, 2010 (5:17 am)
My dealer tells me the numbers carried over unchanged from July. At least on the 135i coupe. The new deals are up at the BMW USA page, but they do not include net cap cost which makes it impossible to figure out the money factor. The residual you can get by knowing the end of lease buy out price and MSRP and both are shown in the listing. Note that the dealer can't change the residual.
Is your dealer marking up the MF on your deal? Every one I talked to so far is adding nearly a full point to the buy rate.