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BMW 1 Series, Car Buying, Car Leasing, Coupe, Convertible
May 15, 2011 (11:22 pm)
On last day of April I leased a 128i convertible. MSRP is $41340. Negotiated price down to just over $38k--approximately $750 under invoice plus stupid BMW advertising fees.
Put $2900 down plus registration and lease fees. Lease payment w/o tax is $364 per month for 36 month lease with 10k miles per year. Residual is 59%. Money factor was .00120.
Was seriously looking at VW GTI, but rear-wheel drive, plus high residual for BMW made it more attractive. The lease payment on the 128 convertible was actually almost $100 per month less than a fully loaded GTI, even though the GTI has an MSRP of only $31k ($10k less than the 128).
#167 of 227 Re: How to find an available 128i Covertible? [skobola]
May 15, 2011 (11:29 pm)
Got to www.bmwusa.com. It will list all the dealers in your state, with website for each. Then you click on each website individually and you can see what each dealer has in stock. This is how I found my car--very tedious, but much better than relying on a salesman who is supposedly "searching" for you. I had two different salespeople at different dealerships who were supposedly looking for a car with the color combo/options I wanted, and neither found the car I ultimately purchased. I found it at a dealer less than 30 miles from me by spending several hours going through each dealer's inventory. Depending on what state you live in, this might not take long at all--I am in California, so there are a lot of dealers.
#169 of 227 Re: How to find an available 128i Covertible? [socalh2oskier]
May 19, 2011 (3:39 pm)
Socalh2oskier, I did it through cars.com, which actually lets you choose colors, and which was important to me as I wanted Space Grey with terracotta. Of course, there were none such cars, and therefore I have chosen one with gray leather instead. Luckily, I also got heated seats, and for about $455 per month.
#171 of 227 Residual & Money factor
Jul 18, 2011 (9:31 am)
Do you know 2011 July's 128 coupe & convertible's residual value and money factor?
I'm thinking of 36months / 12k a year-
Thanks in advance-
#172 of 227 Re: Residual & Money factor [tagster]
by Car_man HOST
Jul 18, 2011 (4:00 pm)
Hello tagster. BMW Financial Services' July buy rate lease money factor and residual value for a 36 month lease of a 2011 128i Coupe with 12,000 miles per year are .00195 and 51%, respectively for consumers who qualify for its top credit tiers.
The numbers for an otherwise identical lease of an '11 128i Convertible are .00195 and 51%.
These cars' money factors are .00030 lower for loyal customers.
The lease program for the 2012 1s is better than this right now.
Prices Paid: Buying & Leasing Experiences Forum
#173 of 227 Re: Residual & Money factor [Car_man]
Jul 20, 2011 (10:52 am)
Thanks for the numbers.
If you don't mind, can you tell me the lease program for the 2012 models as well?
Are you talking about 1-series coupe $2500 down / 10,000 miles / monthly $379 ?
What would be the money factor and residual for this program?
Thank you very much!
#174 of 227 Re: 2011 128i Lease [socalh2oskier]
Jul 22, 2011 (7:44 pm)
OOPS...typo--selling price on my 128i convertible was just UNDER $38k, not over. MSRP was $41,340. Selling price was $37,874.