Last post on Nov 18, 2013 at 8:57 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW 1 Series, Car Buying, Car Leasing, Coupe, Convertible
#27 of 251 Re: Paid on a 135 2008 lease [PaulBD]
Jan 06, 2009 (2:43 am)
No problem, PaulBD. According to my calculations, if you were to lease a 2009 BMW 135i Coupe that has an MSRP of $42,875 and a selling price of $39,945 ($500 over invoice...it may be a tad optimistic, but why not aim high) through BMW Financial Services right now for 24 months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $644.
Prices Paid: Buying & Leasing Experiences Forum
#28 of 251 Re: Paid on a 135 2008 lease [Car_man]
Jan 06, 2009 (10:20 am)
Thanks a lot Car_man. May I practically hope that in 2 or 3 months the MSRP and invoice numbers would be lower still?
#29 of 251 $399 lease on 1 series convertible?
Jan 08, 2009 (1:30 pm)
Orange County Register - (CA) - Irvine BMW was advertising a $399 +TTL lease on a loaded 135 Convertible (prem, sport, auto, etc) for 36 mo, 10K mi with about $3500 down.
Anybody seeing this too?
Sweetheart deal I think on a $50K rig.
#30 of 251 Re: Paid on a 135 2008 lease [PaulBD]
Jan 14, 2009 (3:41 am)
You're very welcome, PaulBD. Generally speaking, vehicles' MSRPs and dealer invoice prices go up as time passes, not down. I heard that BMW raised its prices slightly on a number of models on January 1st, but I don't know off of the top of my head if the 1-Series was one of them.
Having said this, vehicles' actual selling prices usually trend downward as the model year progresses.
Prices Paid: Buying & Leasing Experiences Forum
#31 of 251 Carman (or someone) help with final lease negotiations.
Jan 27, 2009 (7:20 am)
I am currently in the throws of negotiating a lease with local BMW dealer.
Its a 2008 135i convertible. Pretty much loaded. Dealer says lease rates are much better on the 2008's. They have located the car I wanted (options, colors, etc.) at another dealership.
What they are offering:
MSRP $50,950 - I confirmed this on Edmunds.com
Negotiated Price $47,800
Cost to ship to my local dealer is included in neg. price. (i think they said $500.00)
Money Factor .0007
36-month, 10,000 mile (3rd car wont be driven great amount)
Out of pocket at signing... $1,643.00. First month. + doc fees+security deposit + misc. Security deposti of $700.00 seems high?
They are charging me $925 acq fee from BMFS!!!??? Is this legit. Can I get them to waive or further drop the negotiated price. Didn't look like there were many customers around last week.
Is this a good deal. Seem like it if I compare to MF/residual guidelines and other deals I am seeing.
Any help/advice is appreciated.
#32 of 251 Re: Carman (or someone) help with final lease negotiations. [pilotnewbie]
Jan 28, 2009 (11:40 am)
The buy rate on the lease is .0005 and the Acq. Fee is $725, so the dealer is marking both of these rates up to the maximum allowed by BMWFS, This is negotiatble. I would insist on them using the .0005 rate.
#33 of 251 starting the lease process
Feb 01, 2009 (8:40 pm)
I am thinking of leasing a BMW i128 convertible.
the dealer's price with options is $38,900.
The Edmunds skinny is :
- $35,050 Invoice,
- $37,286 TMV
I would like to get the payment to $520/mo or less. I have great credit.
I live in Memphis, Tennessee. The dealer here has no competitors.
1) is this monthly payment possible?
2) if possible, what do I need to challenge them on? (right now they are quoting $575/mo) - price, money factor, all above?
Is a longer term lease the option?
if they won't negotiate, and if you think this payment (or a lower one) is possible what should I do as a next step? Look in neighboring states?
What about the BMW select finance option (low payment but balloon at the end)?
#34 of 251 Re: starting the lease process [andy_martini]
Feb 04, 2009 (9:01 pm)
A recent update to my message:
I can't get their numbers to work.
MSRP - $38,000
Selling Price - $35,720 (the 6% they claim that is all they can remove out of the price)
Money factor - "295". Waiting for them to clarify if this is .00295 or 2.95%
Residual - 40%
lease term 60 months
The price they state is $646 per month. When I run this in lease calculators I get a sub-$500 number. I'm sure there are bank fees, etc they aren't telling me about and I am looking for some insight as to what they are liable to come back with.
Also, how is it they can't 'get below $646' but Volvo can offer a C70 for the same term length, $42000 MSRP, $36000 Selling Price for $525?
I like both cars but the BMW is a little more sporty and may suit me a little more.
What am I missing? What do I need to ask them? Are the numbers above correct? Where can I challenge them to drive more out of the price?
One final note, when I built this car at bmw usa online, they have an option BMW Select that returns a payment of $496. But the dealer says over $700. Seems a bit like false advertising.
As mentioned above I'm in Memphis (tax is 9.25%). Should I look outside the city? State?
Can someone please help?
#35 of 251 Re: Paid on a 135 2008 lease [bethyg]
Feb 12, 2009 (9:00 pm)
hey did you lease a 1 series yet?
#36 of 251 Re: Paid on a 135 2008 lease [fivewheeler]
Feb 12, 2009 (9:29 pm)
I didn't lease the i128 but I did get the car through the BMW Select program using BMW FS.
The banks for BMW and Volvo made leasing really unattractive. Low residuals and lots of up front fees drove the price up and dealers can only take so much out.
The BMW Select program gives a payment like a lease, but at the end you have to either pay the balloon (residual) or finance the balloon so it's a gamble if the car is not good at retaining value, but leases are too. At least in this option, you are buying the car and the rates were much better. Plus they are paying the first two months. And it came with 4 years maintenance.
I was able to build my own car online at bmwusa.com and get to different price points which returned the payment. It made a big difference because the dealers had no choice but to get there. Apparently the online site doesn't put in a lot of dealer markup so it gives you some leverage.
In the end they make money I got the car at the price I was willing to pay. Econ at work.