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      12-08-2012, 07:29 PM   #1
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Leasing a 2012 Need Advice

I'm interested in a 2012 335i coupe which has an MSRP of $54,600. According to the salesperson they're discounting $9,750 from the MSRP and this is the deal they gave me.

MSRP $54,600
Selling Price $44850
Residual 60% MF .00135

36 Months/ 10,000 miles a year
$2,000 drive off
$489/month with tax

I was hoping for around $450 with tax
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      12-09-2012, 03:03 AM   #2
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if it's fully loaded get it btw have you checked your insurance company about the lease you're about to do? might check it them before you sign anything. just saying
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      12-09-2012, 12:06 PM   #3
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Originally Posted by bmwaddict View Post
if it's fully loaded get it btw have you checked your insurance company about the lease you're about to do? might check it them before you sign anything. just saying
Its not fully loaded, missing a few options here and there. As for as the insurance, is it more expensive for a 2012?
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      12-09-2012, 11:13 PM   #4
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Ok what are the options or package the car has? Also, here FL or at least for me it's very high. Insurance for me is like paying for two cars...$400 each month. (In Florida) When you're leasing a car, the leasing company and the insurance company chose you coverage. That's why I will buy instead of leasing. Insurance will be less expensive. Just my two cents
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Originally Posted by .:bHd:. View Post
Its not fully loaded, missing a few options here and there. As for as the insurance, is it more expensive for a 2012?
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      12-10-2012, 01:14 AM   #5
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Originally Posted by bmwaddict View Post
Ok what are the options or package the car has? Also, here FL or at least for me it's very high. Insurance for me is like paying for two cars...$400 each month. (In Florida) When you're leasing a car, the leasing company and the insurance company chose you coverage. That's why I will buy instead of leasing. Insurance will be less expensive. Just my two cents
It has M Sport, Navi, Heated seats, 19s, bmw apps. As far as insurance goes, too many variables to go off of that. Your age and stuff all matter.
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      12-10-2012, 02:47 AM   #6
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Yeh I know about age and all others factor, but make sure you get a quote first from your inssurance company. On the other hand, I would buy the car man if I really want it. This is a good price but if you plan to lease and buy, I also recommend waiting until next summer when residual values are low. That will make your buyout price lower... just my two cents. good luck.

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It has M Sport, Navi, Heated seats, 19s, bmw apps. As far as insurance goes, too many variables to go off of that. Your age and stuff all matter.
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      12-10-2012, 11:03 AM   #7
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Quote:
Originally Posted by .:bHd:. View Post
I'm interested in a 2012 335i coupe which has an MSRP of $54,600. According to the salesperson they're discounting $9,750 from the MSRP and this is the deal they gave me.

MSRP $54,600
Selling Price $44850
Residual 60% MF .00135

36 Months/ 10,000 miles a year
$2,000 drive off
$489/month with tax

I was hoping for around $450 with tax
Parev!

I think your rate will get even lower if you put down 7 security deposits. This will reduce your MF even more.

What is included in the drive-off?I'd also go for 12K or 15K miles/year, especially given that you're in CA, where you'll most likely be doing more than 27miles of driving per day (10K/year).
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      12-10-2012, 03:11 PM   #8
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Originally Posted by George@V View Post
Parev!

I think your rate will get even lower if you put down 7 security deposits. This will reduce your MF even more.

What is included in the drive-off?I'd also go for 12K or 15K miles/year, especially given that you're in CA, where you'll most likely be doing more than 27miles of driving per day (10K/year).
I did the math and its actually cheaper to pay for miles at the end of my lease than to do 12k or 15k. Plus I dont really drive that much.

What do you mean by 7 security deposits? My down payment includes, first months payment, dealer fees, license and registration, bank fee.
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      12-11-2012, 11:15 AM   #9
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Quote:
Originally Posted by .:bHd:. View Post
I did the math and its actually cheaper to pay for miles at the end of my lease than to do 12k or 15k. Plus I dont really drive that much.

What do you mean by 7 security deposits? My down payment includes, first months payment, dealer fees, license and registration, bank fee.
Whenever you lease, you put down a refundable security deposit, which is equal to 1 month's lease payment. If you put down 7 security deposits (remains refundable), you get a lower MF.
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      12-11-2012, 01:29 PM   #10
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Whenever you lease, you put down a refundable security deposit, which is equal to 1 month's lease payment. If you put down 7 security deposits (remains refundable), you get a lower MF.
So I would have to put a 3k security deposit to lower my payment? Nah I don't think thats a good idea to be honest.
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      12-11-2012, 02:10 PM   #11
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Originally Posted by .:bHd:. View Post
So I would have to put a 3k security deposit to lower my payment? Nah I don't think thats a good idea to be honest.
What's your rationale? I saved over $110/month in "interest" by reducing my MF with multiple security deposits. The $5K I put down won't earn that much interest sitting in a bank account...
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      12-11-2012, 03:47 PM   #12
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Quote:
Originally Posted by George@V View Post
What's your rationale? I saved over $110/month in "interest" by reducing my MF with multiple security deposits. The $5K I put down won't earn that much interest sitting in a bank account...
Great explanation, let me give the OP an example of what I did

I just got an X6 and put down 7 MSD's (7 X $750 = $5250)
with MSD's - $724 a month
Without MSD's - $780 a month
So...In reality, $5250 that is fully refundable after the lease, it is "saving" me $56 a month which comes out to $2,016 through out the lease. I do not know any bank that can guarantee you that kind of return.
MSD's is not a down payment, it is a security deposit that you will get back from BMW once the car is returned.
Each MSD reduces the MF by .00007 so end of the day it does add up, let your money work for you!
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      12-11-2012, 06:30 PM   #13
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Originally Posted by nyc328ci View Post
Great explanation, let me give the OP an example of what I did

I just got an X6 and put down 7 MSD's (7 X $750 = $5250)
with MSD's - $724 a month
Without MSD's - $780 a month
So...In reality, $5250 that is fully refundable after the lease, it is "saving" me $56 a month which comes out to $2,016 through out the lease. I do not know any bank that can guarantee you that kind of return.
MSD's is not a down payment, it is a security deposit that you will get back from BMW once the car is returned.
Each MSD reduces the MF by .00007 so end of the day it does add up, let your money work for you!
So technically, I could put a bunch of MSDs and not even a down payment and get the same monthly payments? If the car gets totaled will I get the money back?

I just feel like its a bad idea giving away 3k and not seeing it until 2016. I guess its only 3k though so its not too bad. I gotta talk to the salesman about this.
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      12-11-2012, 06:33 PM   #14
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Quote:
Originally Posted by .:bHd:. View Post
So technically, I could put a bunch of MSDs and not even a down payment and get the same monthly payments? If the car gets totaled will I get the money back?

I just feel like its a bad idea giving away 3k and not seeing it until 2016. I guess its only 3k though so its not too bad. I gotta talk to the salesman about this.
BMW limits you to 7 MSD's max.

If you mean capitalized cost reduction by "down payment", I would advise against this. This is lost money.

If the car is totalled, your insurance company will pay off the value of the car to BMW, effectively ending your lease agreement, so you'd get your SD's back.

Nearly every leasing agreement has the requirement for a SD, FYI.
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      12-11-2012, 06:52 PM   #15
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Quote:
Originally Posted by George@V View Post
BMW limits you to 7 MSD's max.

If you mean capitalized cost reduction by "down payment", I would advise against this. This is lost money.

If the car is totalled, your insurance company will pay off the value of the car to BMW, effectively ending your lease agreement, so you'd get your SD's back.

Nearly every leasing agreement has the requirement for a SD, FYI.
All the quotes I've got so far have not included a security deposit, I'm assuming the first month's payment is considered that.

If what has been said in this thread is true, then its a no brainer to put a security deposit. From my calculations I'll save about 30 bucks a month if I put 7 MSDs down
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      12-11-2012, 06:56 PM   #16
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Also how do I find out how much each MSD is? Is it a standard figure or varies depending on the loan?

Edit: just read that its the monthly payment.
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      12-12-2012, 03:32 PM   #17
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Quote:
Originally Posted by .:bHd:. View Post
Also how do I find out how much each MSD is? Is it a standard figure or varies depending on the loan?

Edit: just read that its the monthly payment.
It gets rounded off to the next $50 of your payment
$710 gets rounded to $750
$760 gets rounded to $800
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      12-12-2012, 03:45 PM   #18
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It gets rounded off to the next $50 of your payment
$710 gets rounded to $750
$760 gets rounded to $800
Got it. Thanks for your help I'm gonna go in to the dealer today and I'll make sure to talk to them about that.
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      12-16-2012, 11:03 PM   #19
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Good luck
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      12-17-2012, 06:19 PM   #20
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Did you get your lease yet?

If not - the numbers you provided do not seem to add up. If it is that MSRP, MF, Term, and residual value you should be around 415 a month before tax - I do not know what your sales tax is.

That is without a further 2000 cap cost reduction - your drive off should be only your first months payment + tax and the dealer fee to write your lease (usually 250-500ish).

If you use the numbers above not including 2000 down, but instead put down say only three MSD's ~$1350, you buy your MF down from .00135 to .00107. You save about $576 in interest charges and get your MSD back at the end of your lease term. Putting money down like the dealer suggested is just prepaying your lease payment - enticing because you see a lower monthly payment, but deceptive. This scenario should put your payment just a touch under $400 a month not including tax and your drive off would be about 1800.

Good luck
I actually did get it but I'm pretty sure you're off on some numbers. You're not including registration and other bullshit fees they include in the down payment. I don't have the contract with me but here's a breakdown of the old numbers.

MSRP: $54,600
Residual at 60%: $32,760
Selling Price: $44,850
Total Depreciation: $12,090
Base monthly payment: $335.83
Interest per month at .00135: $104.77
Monthly Payment with interest: $440.60
Monthly Payment with tax (8.75): $479.16

I got my car without any MSDs. $2,180 drive off $470/month with tax. I also traded in my old lease which they valued at $500 less than my payoff. So divide that into the payments as well which is around $15/month I got a pretty decent deal. The car is $2,600 under invoice. Without my trade I would have been around $450 a month with tax which was my goal.
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      12-18-2012, 10:56 PM   #21
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you are absolutely correct, i miscalculated your interest charge.. should of rechecked before i posted. Either way you get the advantage of MSD's now and you got a great negotiated price!
Congrats on your new ride.... you'll love it!

Last edited by drmdvl; 12-19-2012 at 09:28 PM.
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      01-09-2013, 10:58 PM   #22
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If I could get some help here...
I've never done a lease before and I'm debating between leasing or buying a CPO.

For a 2013 335i MT with M-Sport package, Premium package, and premium sound package with USAA $3000 incentive + regional/destination fees ($1495) invoice is $45,910. How dow I figure out the MF? I'm assuming residual is based off of 60% at 36 months and is a percentage of the invoice price? How does one figure out what the dealer price is outside of asking them?

I'm looking at a 2010 335i CPO MT with M-sport, Navi. Originally listed at $40,895. When I went in to take a look it was $38,500. I said $39,000 OTD - they said no. The next day they lowered to $37,250. I'm debating whether to call back and make a counter-offer or to lease a new one. Or keep looking for a CPO.

Would appreciate anybody's thoughts/advice/help.
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