[BlaZin]

Im looking to lease a 2008 335i Coupe, Black on black with

• Black on black
• Sport Package
• Comfort Access
• BMW Navigation System w/iDrive
• iPod/USB Adapter
• 6SPD manual trans
  MSRP
  $40,800
  Options and accessories
  $4,575
  Destination charge
  $775
  Total price as built*
  $46,150
  

With $5,000 down, 12,000 miles a month, for 36 months..7% tax in New Jersey if that matters..What kind of lease pricing can i expect?

Thanks

[banggooooo]

I got a quote from my local dealer for a lease and if you put down $5200 in security deposits, you can get around 625 per month on 46,065 dollar car including taxes and fees.

All of this was calculated for 12,000 miles 36 month lease.

FYI: never put any money down on a lease you never get that money back. Luckily BMW has this thing called security deposits which you get back at the end of your lease and it reduces your monthly payments. Ask your CA about it.

[OC Guy]

http://www.e90post.com/forums/forumdisplay.php?f=30

[BMdblU]

12,000 miles a month sounds good to me

[BlaZin]

Originally Posted by banggooooo

I got a quote from my local dealer for a lease and if you put down $5200 in security deposits, you can get around 625 per month on 46,065 dollar car including taxes and fees.

All of this was calculated for 12,000 miles 36 month lease.

FYI: never put any money down on a lease you never get that money back. Luckily BMW has this thing called security deposits which you get back at the end of your lease and it reduces your monthly payments. Ask your CA about it.

Dayumm, That much!

The payment estimator says around $577....and i know i lose all the money if i put it all down as a down payment.

[AltecBX]

with 3K down u should be at no more than $645. This doesn't even have the Premium package.

[Aija]

bmw 355?

cool! even if u they charge you 800/month, totally worth it, i think noone in the states has one!

just messing with ya.

[coffeeman]

Originally Posted by BlaZin

Dayumm, That much!

The payment estimator says around $577....and i know i lose all the money if i put it all down as a down payment.

The bigger problem with putting money down on a lease, is that if the car is declared a total loss (accident, theft, flood, etc), your down payment is really gone. Gap insurance only pays the difference between the lease payoff & the depreciated value of the car.

[stooken]

Originally Posted by coffeeman

The bigger problem with putting money down on a lease, is that if the car is declared a total loss (accident, theft, flood, etc), your down payment is really gone. Gap insurance only pays the difference between the lease payoff & the depreciated value of the car.

+1

i'd try to get minimum drive off. have them just roll the rest into our loan and you can pay it over the 3 years. that way your month to month out of pocket is less in case you total the car or decided to sell/lease takeover.

[LambOfGod]

I got 1200 off and 8.75% Sales Tax and I think I put 2G's down and my payment is 627/ 36 moth lease. However, I think BMW had a sub lease rate going. You should knock down your lease about $20-25 for every $1000 down. So with Taxes you shoudl be in the low $500 range. Wait till after Christmas. This is the slowest time of year for dealerships and you can make a deal. Trust me!

[Arustik1]

With the 5K down that you are willing to put you should be in the low 600's/ high 5's for your monthly payments.

[MAZNG]

Originally Posted by stooken

+1

i'd try to get minimum drive off. have them just roll the rest into our loan and you can pay it over the 3 years. that way your month to month out of pocket is less in case you total the car or decided to sell/lease takeover.

+2 Why would you want to give BMW $5K of your money when at the very least you can put it it somewhere to make YOU 4-5% interest (no risk) and just pay the difference on the monthly basis. money factor and residual will be the same. The only change will be the rent charge.

The goal should be to make $$$ on your money not give it away as a car is a deprecating asset anyway.

my .02

[BlaZin]

Originally Posted by stooken

+1

i'd try to get minimum drive off. have them just roll the rest into our loan and you can pay it over the 3 years. that way your month to month out of pocket is less in case you total the car or decided to sell/lease takeover.

Explain a little more please.

Originally Posted by LambOfGod

I got 1200 off and 8.75% Sales Tax and I think I put 2G's down and my payment is 627/ 36 moth lease. However, I think BMW had a sub lease rate going. You should knock down your lease about $20-25 for every $1000 down. So with Taxes you shoudl be in the low $500 range. Wait till after Christmas. This is the slowest time of year for dealerships and you can make a deal. Trust me!

So you think after christmas i could get one like possbily low 5's if i decide to put 5grand down?

Originally Posted by MAZNG

+2 Why would you want to give BMW $5K of your money when at the very least you can put it it somewhere to make YOU 4-5% interest (no risk) and just pay the difference on the monthly basis. money factor and residual will be the same. The only change will be the rent charge.

The goal should be to make $$$ on your money not give it away as a car is a deprecating asset anyway.

my .02

So your saying put the 5k in lets say a 5.5% CD and at the end of the term i will be in the +side?

[stooken]

Originally Posted by BlaZin

Explain a little more please.

ok you buy a car for $50k. you put $5k down which includes tax, title, registration and all that good stuff. lets say only $3k of that goes towards cap cost reduction. so now the car is $47k.

that $5k down is whats asked by bmw. you can always do the minimum drive off which is the $2k ($5k down - $3k for tax, title, registration and stuff)

so that $3k that actually went towards cap cost reduction. you can roll that into your loan and divide that by 36 months. that's about how much your monthly payment will increase by. by doing so, that $3k that you originally should've put down will slowly build up to $3k after 3 years.

lets say after 1 year, you total the car or sell it off. IF you put down that $3k up front then you lose all of it. if you didnt but decided to roll it into the loan, you've only lost 1/3 of that which is $1000.

of course my numbers arent exact. this is only to give you an idea.

[BlaZin]

Originally Posted by stooken

ok you buy a car for $50k. you put $5k down which includes tax, title, registration and all that good stuff. lets say only $3k of that goes towards cap cost reduction. so now the car is $47k.

that $5k down is whats asked by bmw. you can always do the minimum drive off which is the $2k ($5k down - $2k for for tax, title, registration and stuff)

so that $3k that actually went towards cap cost reduction. you can roll that into your loan and divide that by 36 months. that's about how much your monthly payment will increase by. by doing so, that $3k that you originally should've put down will slowly build up to $3k after 3 years.

lets say after 1 year, you total the car or sell it off. IF you put down that $3k up front then you lose all of it. if you didnt but decided to roll it into the loan, you've only lost 1/3 of that which is $1000.

of course my numbers arent exact. this is only to give you an idea.

I never thought of it like that, thats def some food to chew on instead of putting down 5's ill never get back.


But anyway, i was emailing a dealer, and for the car i want, with $5,020 it is $627 a month, Just curious, does that seem high? Im of course not gonna take that deal.

[stooken]

Originally Posted by BlaZin

I never thought of it like that, thats def some food to chew on instead of putting down 5's ill never get back.


But anyway, i was emailing a dealer, and for the car i want, with $5,020 it is $627 a month, Just curious, does that seem high? Im of course not gonna take that deal.

yeah some people are SO concerned with monthly payments that they dont look in the long run. of course, if you are planning on keeping the car for years to come then it might be worth it to put the down payment. in this case, you're leasing.

as far as the $627 payment. it sounds about right but then again you put down $5k. without that down, you're probably looking into the low to mid $700 range. but yeah with a 335 you should be looking to pay around there if not a little more. i'm paying $627 (tax included) on my 07 328i but thats because i kind of went option crazy and only paid $1k to drive off the lot.

the selling price you can negotiate because you can find invoice & mrsp on www.edmunds.com. so no surprises there.

you should look up november lease rates aka money factor. for example, lets say its 0.0014. dealers are allowed to bump it up 0.0004 as their mark up. anything in between is wiggle room for you to negotiate. then you multiply the money factor by 2400 & you get your interest rate. i'm pretty sure your dealer maxed out their mark up. some places are willing to play with it. some arent. BUT if the dealer is not willing to disclose the money factor to you then i'd walk. some guy did that to me and i called him out on it. eventually, he gave it up.

you also need to ask for the residual value. it's a percentage of what your car will be worth after 3 years if you drive within the agreed mileage. again, you can look up the current residual value from BMWNA and compare that to what the dealer is giving you. most of the time it matches up exactly.

once you have all the information, you can go on www.leaseguide.com/calc.htm and run the numbers yourself to get your monthly payment.

[banggooooo]

OP: TWO WORDS "Security Deposits"

It's like a down payment on a lease except you get your money back at the end when you give your car back.

[BlaZin]

Alright, Thanks for all the info guys.

Im actully going down to my dealer tomrrow to get a price, Anything I should know, expect, ask for?

[BlaZin]

Ok so i just got back from the dealer

2008 335i Coupe MSRP: $48,350

Black exterior, Red Interior.
Sport Package
Comfort Access
Nav/iDrive
iPod USB adapter
BMW Assist

$5,000 down (Not sure if im gonna put money down)
12,000 Miles a year
36 months
$630 a month

Good deal or no?

[mrvuml]

You didn't mention what price you actually got the car for. Hope you didn't fall into the trap of them negotiating a monthly payment before agreeing on a mutually acceptable price for the car as mentioned a few posts ago.

[BlaZin]

Originally Posted by mrvuml

You didn't mention what price you actually got the car for. Hope you didn't fall into the trap of them negotiating a monthly payment before agreeing on a mutually acceptable price for the car as mentioned a few posts ago.

Yea, we just negotiated monthly payment, I wont be ordering the car untill january anyway, so thats when i will really talk about the price and such.

[Brknbones]

What you can negotiate depends on where you are and how many dealers there are. I recently moved to arizona. 3 dealers in the whole state!! They Did not want to bargin at all. I found a dealer from where I used to live who charged me an extra $1000 for out of state delivery and the local dealers all told me that the price was way bellow what they would do and I should take it! Now I am having it delived through one of them with a "courtesy delivery" - which they usualy refuse but found a way around it since the dealer I ordered from was recently taken over by the same parent group. Not to mention all of the up front "fees" were all very overpriced here. What they told me was that the coupe was rare and that they did not need to make any deals on them, especialy a custom order since they were in such high demand. My deal was

2008 335i coupe, 6MT,Premium, Nav, Sport, Ipod, CA, Satelite
Jet black, dark wood, Saddle Brown
$749 a month including tax, including the extra 1000 for out of state delivery
No Cap reduction up front.

I don't want to give them more of my money with the security deposit

The whole process was very frustrating, the local dealers made me feel like they were doing me a favor and I was unreasonable trying to negotiate. I have always had used cars before this and that was actualy more plesant. I never would have guesed trying to give someone this much money would be so dificult. Hopfuly all will be forgotten once my car arrives.