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Prices Paid: Buying & Leasing Experiences BMW 1-Series Lease Questions
66 messages, Last post on Nov 23, 2009 at 4:10 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Jan 06, 2009 2:43 am)
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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. |
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Replying to: PaulBD (Jan 06, 2009 10:20 am) Having said this, vehicles' actual selling prices usually trend downward as the model year progresses. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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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) Residual 59% 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.
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Replying to: pilotnewbie (Jan 27, 2009 7:20 am) |
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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)? Cheers 
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Replying to: andy_martini (Feb 01, 2009 8:40 pm) 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? |
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Replying to: bethyg (Jan 05, 2009 4:23 pm)
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Replying to: fivewheeler (Feb 12, 2009 9:00 pm) 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. |
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what is the current residual, money factor for 36months/10k miles? location is NJ.
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