Last post on Nov 18, 2013 at 8:57 PM
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BMW 1 Series, Car Buying, Car Leasing, Coupe, Convertible
#68 of 251 Re: leftover 2009 128i coupe [krwest1]
Dec 02, 2009 (3:46 am)
Hi krwest1. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 128i Coupe with 15,000 miles per year are .00250 and 53%, respectively.
You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.
When negotiating your lease on this car, make sure to take advantage of the $1,500 cash incentive that is currently available on it. That's the only cash out there that I am aware of.
Prices Paid: Buying & Leasing Experiences Forum
#69 of 251 BMW 128i Convertible
Dec 12, 2009 (6:06 pm)
Hey guys, so I am about to graduate law school and as a gift to myself after 3 hard years of school I want to get the 128i Convertible. I am not going to be getting it until next summer but I just wanted to get an idea of what kind of a deal I can expect. I live in NJ btw.
Anyway, BMW is having lease deal for $369 /month plus $4, 494 due at signing for a an MSRP of $39,900 and 10,000 miles a year for three years.
The BMW with the options i want is $36245 (and that is without any negotiating). However I need 15,000 miles a year. Obviously the quoted price is without taxes registration etc...
Taking all that into consideration, do you think the monthly payment would go up because of my change in mileage or would it be offset by the 3,000 or so difference in price. And how much money should I expect for taxes, registration and fees??
Besides this question, that down payment is a little high, I was hoping of paying close to $3000 instead....how much would the lease payment be a month with a down payment close to that? (examples of what you guys are paying would be really helpful)
Thanks a lot in advance
#70 of 251 Apply Holiday Money to Cap. Cost or Fees?
Dec 26, 2009 (9:01 am)
Hi car_man, kydfx et al,
I am in the process of ordering a 2010 135i Convertible to lease for 36 mos 12-15k miles/yr.
One dealer said they could apply the $1500 holiday money to the costs (Acquisition fee, license, etc.) rather than reducing the capitalized cost. I know that reducing the capitalized cost has been discouraged due to issues if the car is totaled or possibly stolen and not recovered (you don't get the cap cost reduction back?).
Does it make more sense to apply the Holiday money to the up front costs/fee?
Here is one of the quotes I've received - this one applies the Holiday money to the cap cost and there is a corresponding tax on the cap reduction:
15k miles/yr, 36 mos
.00225 Money Factor
27,744.75 Residual Value 59%
44,330 Negotiated price
($500 over invoice - invoice price includes 380 MACO + 180 training as I understand it - Southern California dealer)
1,500.00 Cap Reduction (Holiday money)
42,830.00 Adjusted Cap Cost
131.25 Tax on Cap Reduction 8.75%
3,149.26 Customer Cash Down (Includes 1500 Holiday money as I understand it)
I need to ask how this is derived since I can't get the numbers to add up.
700.00 Security Deposit
577.82 Base monthly rental
50.56 8.75% Sales Tax
628.38 Monthly Payment
978.75 Up front/Acquisition Fee (BMW 775 + 150 markup, Doc fee, California tire fee)
597.00 License Fee
If I apply the Holiday money to costs and fees, the monthly payment goes up to 677.37 but I have less money out of pocket.
I appreciate any feedback you may have.
#71 of 251 Re: Apply Holiday Money to Cap. Cost or Fees? [leeshuck]
by kyfdx@Edmunds HOST
Dec 26, 2009 (9:18 am)
It really doesn't matter where the $1500 is applied, the result is the same..
The whole idea is to walk out with the minimum out-of-pocket.. On my last lease, that was 1st payment plus $114 in state/local licensing fees (no security deposit).
In your case, if it were me, I'd pay 1st payment and security deposit upfront... That will be around $1400.... Add the rest of it up (selling price, acq.fee, license fees), add it to the cap cost, and have them figure the payment on that...
According to your numbers, the $3149 is actually coming out of your pocket at lease signing.. The $1500 was already deducted from the CAP cost, so you would have to come up with that whole amount... That is too much, IMO.
Only paying $1400 upfront will raise your payment by $55-$60 per month, but that's better than putting that mone out there... Or, you can have the dealer do as he proposes... It is much the same... Use the $1500 to pay directly against the $3149, instead of reducing the CAP cost.. That will leave $1600-$1700 for you to pay upfront, instead of the $3149 (increasing the payment, naturally)..
#72 of 251 Re: Apply Holiday Money to Cap. Cost or Fees? [kyfdx]
Dec 26, 2009 (12:59 pm)
Thanks for the speedy reply kydfx.
I could do also do this with no security deposit, but the money factor then goes to .00240
#73 of 251 Re: Apply Holiday Money to Cap. Cost or Fees? [leeshuck]
by kyfdx@Edmunds HOST
Dec 27, 2009 (6:04 pm)
Yeah.. it's a better deal to make the security deposit, rather than pay the increased money factor.
#74 of 251 2010 lease deals
Mar 12, 2010 (7:30 pm)
Any thoughts on BMW's $339-a-month national deal for the 128i (MSRP $35,550 with premium package)? This is a 36 month lease with a $1,500 credit. Attractive monthly payment for a BMW, but a big upfront outlay.
• $339 First months payment
• $2,800 Down payment
• $350 Security Deposit
• $725 Acquisition fee
• $4,214 Cash due at signing
#75 of 251 Could get it even cheaper that that...
Mar 24, 2010 (10:29 pm)
That's the national lease deal with Premium and Auto. I'd do this deal and wait till the 4 cylinder diesel 1-series come in and just have the dealer do some kind of swap.
#76 of 251 Re: Could get it even cheaper that that... [zigster38]
Mar 26, 2010 (10:56 am)
I guess I should add that lease is for 10k miles a year only. If you need more, you will pay extra. On the other hand, you can always negotiate lower than a national lease deal.
#77 of 251 Re: 2010 lease deals [mtena]
May 06, 2010 (12:34 pm)
I was wondering where did you see this deal? (what state), where I am, the deal is very similar, but the payments are 379/month.....was that something you negotiated?