Last post on Mar 18, 2013 at 5:45 PM
You are in the BMW 3-Series
What is this discussion about?
BMW 3 Series, BMW, Sedan, Wagon
#17 of 23 Re: 328i end of lease buy out price [bmwleaser]
Jul 17, 2011 (9:27 am)
In an attempt to move cars during slow times, BMW and other manufacturers have done some dumb things. In order to make the payments attractive, they place the residuals unrealistically high.
Then when the cars go to the auction, they end up losing thousands of dollars on them. Some car manufactures seemed to have learned and others not.
Cars with high depreciation rate such as BMW are generally not good cars to lease because of low residuals.
Then some people want to negioate. the residual at lease end when they KNEW what it was when they leased the car in the first place.
If the car companies allowed this to happen, it would create a can of worms and it would undermine everything they put in writing!
Turning this around, if BMW made a mistake and set the residuals too low, they wouldn't be able to tell a customer..." Well, we know the residual is 20,000 but the car is actually worth 23,000 so if you want to buy it, it'll be 3000.00 more than we told you when you leased it"
Setting residuals is a tricky thing and it's hard to predict the future market.
Set the residuals too low and the payments won't be attractive.
Set them too high and they will lose money at auction time and they will have customers asking to pay less.
Honda did the same thing to themselves a couple of times but not like BMW has. They don't seem to learn.
#18 of 23 Re: 2007 328xi end of lease [larryjordanjr]
Dec 27, 2012 (10:59 am)
Did they (your BMW Dealer) offer to certify your BMW for you first, and then go with the buy option?
#19 of 23 335I Lease end and also thinking of leasing again
Feb 17, 2013 (8:25 pm)
I found out the hard way that if they can take your money they will. I felt like they robbed me when I first leased 335I. Next month 03/2013 will be the end of that lease and I came back to the same dealer and I think they're trying to rob me again. I'm now looking 335Is which came to 66,845 MSRP.
First I asked them the buyout price. It's stated in my contract that it's $37,000. But when they calculated the buyout price it's actually $38K because they're adding $750 charge for the car run through their shop. That's total BS. It's my car and I want to buy it. I don't want to pay $750 for extra checkup...
Then I asked about the new lease for 335Is with 66,845 MSRP. I also owe them $2400 worth in miles overage and no run flat tire. They told me to leave my current car there go rent a car for a month while they order this new car. Put $5k down. Then pay them $862/month for 36 months.
I assume since I'm leaving the car with them I don't have to pay last month lease.
Is this a good deal? On their website the lease offer is only $529/month for 36 months for msrp of 63K car excluding tax, tags, title.
How much can the tax be? Do they tax on the entire MSRP or just the least amount? I feel like they're trying to rob me. Any pointers are greatly appreciated.
#20 of 23 Re: 335I Lease end and also thinking of leasing again [taken_4_a_ride]
by kirstie_h HOST
Feb 18, 2013 (7:34 am)
Your questions might be more suitable for our BMW 3-Series Lease Questions discussion. It's more active, and since you're asking questions about a new lease, you'll likely get more feedback there.
#21 of 23 2013 328i Lease
Mar 18, 2013 (3:04 pm)
My local dealership contacted me about ending my lease 3 months early on my 2011 328i. Here is the offer they proposed:
BMW pays the remaining payments on my current lease (2011 328i).
Alpine White Exterior
36 month lease
10K miles per year
$500 bonus cash
0.0017 money factor
$250 due at signing
Is this a good deal? I've looked at Edmunds.com and it lists invoice at $38,070. Any help would be greatly appreciated. Thanks
#22 of 23 Re: 2013 328i Lease [ballfan]
by Mr_Shiftright HOST
Mar 18, 2013 (3:39 pm)
you might check first if you have any equity in your car (actual market value vs. current payoff) and if so, who gets that equity on the trade-in?
And yes, you can negotiate the selling price as well. I suppose you could say that the 3 months they're paying on the lease + the rebate could be taken off the asking price, presuming there is no equity in the car.
Are you comfortable with a 10,000/yr limitation on miles?
#23 of 23 Re: 2013 328i Lease [Mr_Shiftright]
Mar 18, 2013 (5:45 pm)
No, there is no equity in the car. Next month there will be about $400. I don't drive that much, so 10K is perfect for me.
They also offered the same car with navigation (MSRP $43,495) for $480/month & $348 due at signing, but I do not want or need navigation. I do not understand why they would give me $800 above invoice on a more expensive car, but not the less expensive.
I wouldn't mind a newer car, but I don't want to give my money away.