Last post on Aug 31, 2013 at 7:25 PM
You are in the BMW 3-Series
What is this discussion about?
BMW 3 Series, BMW, Sedan, Wagon
#20 of 28 Re: 335I Lease end and also thinking of leasing again [taken_4_a_ride]
by Kirstie@Edmunds HOST
Feb 18, 2013 (6:34 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 28 2013 328i Lease
Mar 18, 2013 (2:04 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 28 Re: 2013 328i Lease [ballfan]
by MrShift@Edmunds HOST
Mar 18, 2013 (2:39 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 28 Re: 2013 328i Lease [Mr_Shiftright]
Mar 18, 2013 (4:45 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.
#24 of 28 Should I buy it after my lease ends?
Aug 13, 2013 (6:32 pm)
Need some advice on what I should do at the lease end for my 2011 335d BMW. MSRP was $57850. My residual is $32,396 and I'm right at the 44.5k Miles (allowed 45k miles). After talking with my dealer they said they can purchase my car from BMWFS and turn it around as a CPO and sell it for $34650 and give 0.9% for 48 months which is a good term at the current finance rates. There is not going to be a lease disposition fee ($350 or 450) but there is going to be a dealer fee of $599 that is non negotiable+$45 title tag fee. So with tax and everything out the door its going to cost me $37,634 with CPO (6Yr 100,000 Mile) warranty. Does this sound good?
The tax rate here in GA is 6.5% of the valuation that DMV suggests (which happens to be 50 bucks below the residual so no harm done). I got 2 days left to decide so any info is much appreciated. Thanks!
The only reason i'm thinking of this even is because the car seems to have held its value and i cant find a similar spec'd car for 37k right now on ebay or cars.com
#25 of 28 Re: Should I buy it after my lease ends? [kanchis]
by kyfdx@Edmunds HOST
Aug 13, 2013 (7:04 pm)
So.. buy a 3 year old car with 4 years of payments of about $800/mo.?
Or.. go lease a new one for $650/mo., with full maintenance plan and full warranty?
I'd go with the lease.. but, I understand if you'd rather not lease, any longer.
#26 of 28 Re: Should I buy it after my lease ends? [kyfdx@Edmunds]
Aug 15, 2013 (4:41 am)
Leasing was going to be cheaper than financing (owning) and since the tax laws changed in GA recently (now we pay sales tax on the full price of the car when leasing) it made the gap between leasing and financing a little closer so it made more financial sense to buy it than lease it. Obviously you wont drive a new car every 3 yrs but atleast you'd end up with a car that you own after a few years.
The other reason was that I like my car better than the new 3 series with the heavier steering. So if i went with a lease I'd be stuck with a car that I dont like 100% for 3 years. Everything said and done, i think i made the right choice. Thanks for the comments.
#27 of 28 Re: Should I buy it after my lease ends? [kanchis]
by kyfdx@Edmunds HOST
Aug 15, 2013 (12:17 pm)
Well... that's true... the two models are definitely not apples to apples..
I prefer the drive of the E90 version, myself, though I like the look of the new one...
#28 of 28 Can/Should I buy 2013 328i manufacturer vehicle
Aug 31, 2013 (7:25 pm)
Hello Folks..Just came across a pre-owned 2013 328i deal. It has 21000 miles in ~1yr and it was sold to the dealer in a Manufacturer Vehicle Auction. It is Lux line+Prem Pack+Tech Pack+Cold weather pack+Lighting pack+Driver Assis Pack and the dealer has very good price tag on the vehicle. Any suggestions/experience with Manufacturer Vehicle? I really love the deal, however, I am not familiar with Manufacturer Vehicle handling..?? Are 21000miles/yr too much? Is it a good call to buy the vehicle..? Any suggestions would be appreciated..!! I'm California.