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
#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.
#37 of 251 128 coupe
Feb 20, 2009 (11:56 am)
what is the current residual, money factor for 36months/10k miles? location is NJ.
#38 of 251 Re: 128 coupe [agni]
Feb 20, 2009 (12:51 pm)
.00260 and 60%*
*Numbers curtesy of Leasecompare via bimmerfest.com
#39 of 251 Re: 128 coupe [qbrozen]
Feb 20, 2009 (1:44 pm)
Thanks. MF becomes a bit less for returning BMW customers right? is it less than .00260 or the same for everyone?
#40 of 251 Re: 128 coupe [agni]
Feb 20, 2009 (3:23 pm)
I'm not really sure. Seems to be some confusion around that subject as we speak. I believe the rates posted are for returning leasees, which are available to everyone as long as non-returning leasees pay a security deposit.
If you are a returning leasee, I believe there may be some loyalty cash available.
You can try reading this
Feb 20, 2009 (4:02 pm)
well the lease rates for 135i conv/coupe are around 260-280 which is pretty high.
they have strong residuals (50% +) on 36 month standard leases and i've been checking on a forum and the last 4 months have seen high 260-280 lease rates on this car...
all in all even with nothing out of pocket except bank, sec, first, and taxes rolled into payment you are taling 650+ on a loaded 135 convertible which is crazy for a sub 50k car car.
any info on 3rd party MF for this car??? if the money factor was more appealing it would be worth it. i'd rather wait till either the MF comes down or another car piques my interest since money is very cheap now and 6.5% interest rate on a lease is highway robbery in my book. this is by no means an "exotic" car or something special like an s5 or r8 that dictates such a high money factor.
#42 of 251 Re: 128 coupe [qbrozen]
Feb 20, 2009 (5:08 pm)
128 coupe, auto, heated front, IPOD
$437/month inlcuding tax for 10K 36 months
is this a good deal?
#43 of 251 Lease question 1 Series BMW
Feb 25, 2009 (6:08 pm)
What is the current residual, money factor for 36months/10k miles? location is CA
#44 of 251 Re: Lease question 1 Series BMW [jack1784]
Feb 26, 2009 (11:24 am)
see the link in post 40
#45 of 251 Re: Lease question 1 Series BMW [qbrozen]
Feb 26, 2009 (5:54 pm)