E90Post
 


 
BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > New & Preowned BMW Ordering / Pricing / Tracking Information Forum (including European Delivery) > Do you guys think I got a good deal?



Reply
 
Thread Tools Search this Thread
      06-11-2008, 05:57 PM   #1
SollyD
New Member
0
Rep
29
Posts

Drives: gti
Join Date: Jun 2007
Location: ny

iTrader: (0)

Do you guys think I got a good deal?

I'm leasing an 08 328xi coupe that should be in my driveway sometime next week
alpine white
coral red
sport pkg
ipod
sirius
2yr lease 15k miles
I traded in my 2006 vw gti which I owed $8500 on which according to kbb.com trades between 11-14k. Basically somewhere between 2500 and 5500 trade value.

My payments are going to be $380 a month.
Appreciate 0
      06-11-2008, 06:05 PM   #2
Saintor
Banned
Saintor's Avatar
77
Rep
2,446
Posts

Drives: E90
Join Date: Sep 2005
Location: MTL, Canada

iTrader: (1)

Your lump sump is the equivalent of at least 200$/mo.... why only 2 yrs? They even take care of brakes! On the bright side, paying another set of Sport RFT is not a good idea...
Appreciate 0
      06-11-2008, 06:07 PM   #3
SollyD
New Member
0
Rep
29
Posts

Drives: gti
Join Date: Jun 2007
Location: ny

iTrader: (0)

Quote:
Originally Posted by Saintor View Post
Your lump sump is the equivalent of at least 200$/mo.... why only 2 yrs? They even take care of brakes! On the bright side, paying another set of Sport RFT is not a good idea...
didnt want to go that long. I switch cars so often so I'd hate to be stuck in something for a while.
Appreciate 0
      06-11-2008, 06:15 PM   #4
BMW F22
Major General
BMW F22's Avatar
United_States
3540
Rep
9,785
Posts

Drives: ///M235i
Join Date: Nov 2005
Location: Bay Area

iTrader: (8)

IMO if the deal is already done, you should just be happy with it. Our opinion will only make you second guess yourself and that's going to bug you for a long time.
Appreciate 0
      06-11-2008, 06:29 PM   #5
SollyD
New Member
0
Rep
29
Posts

Drives: gti
Join Date: Jun 2007
Location: ny

iTrader: (0)

Quote:
Originally Posted by Kenny@JleviSW View Post
IMO if the deal is already done, you should just be happy with it. Our opinion will only make you second guess yourself and that's going to bug you for a long time.
lol i guess youre right. I was just curious about what everyone thought.
Appreciate 0
      06-11-2008, 06:31 PM   #6
quest556
Second Lieutenant
quest556's Avatar
13
Rep
239
Posts

Drives: F10 535i x-Drive
Join Date: May 2008
Location: Virginia

iTrader: (4)

Quote:
Originally Posted by Kenny@JleviSW View Post
IMO if the deal is already done, you should just be happy with it. Our opinion will only make you second guess yourself and that's going to bug you for a long time.

Appreciate 0
      06-11-2008, 07:46 PM   #7
E90330iS
Major General
Germany
143
Rep
6,333
Posts

Drives: BMW M4
Join Date: Jan 2006
Location: Arcadia, California

iTrader: (56)

Garage List
2006 330i  [0.00]
Yeah, if you cant change it live with it!
__________________
Appreciate 0
      06-11-2008, 08:10 PM   #8
John 070
Lieutenant General
1693
Rep
14,829
Posts

Drives: 335i cpe
Join Date: Oct 2006
Location: ZSP/ZPP/ZCW

iTrader: (0)

Why do people bang their heads against walls?

My friend got his central a/c fixed yesterday for $585. He was happy, his family was cool while it was 99 F outside after suffering Sun and Mon nights, all's well that ends well. Today he asks me what I thought, so I told him. Your fan and compressor wouldn't start, but you heard a hum. Classic case of a $20 capacitor going bad. Now he's all sullen because he got ripped off. He was happy before, what difference does it make what I think or know? But he asked. Should I reassure him that he got a good deal and everything's ok?
Appreciate 0
      06-11-2008, 08:56 PM   #9
CurlyFatAngry
Lieutenant
CurlyFatAngry's Avatar
Canada
18
Rep
509
Posts

Drives: his BMW as much as he can !
Join Date: May 2008
Location: Toronto

iTrader: (0)

Quote:
Originally Posted by John 070 View Post
Why do people bang their heads against walls?

My friend got his central a/c fixed yesterday for $585. He was happy, his family was cool while it was 99 F outside after suffering Sun and Mon nights, all's well that ends well. Today he asks me what I thought, so I told him. Your fan and compressor wouldn't start, but you heard a hum. Classic case of a $20 capacitor going bad. Now he's all sullen because he got ripped off. He was happy before, what difference does it make what I think or know? But he asked. Should I reassure him that he got a good deal and everything's ok?
Guess ignorance is bliss afterall !!
Appreciate 0
      06-12-2008, 01:12 AM   #10
0utlier
Private
0utlier's Avatar
0
Rep
62
Posts

Drives: X3 XDrive35i
Join Date: Feb 2008
Location: Hattiesburg, MS

iTrader: (0)

If you're happy, then everyone else should be happy for you. Congrats on your new car. However, next time ask before the deal, not after. If there is one lesson that all who lease should adhere is NO CAP COST REDUCTION ON A LEASE.

There is no upside to a down payment on a lease. You are simply pre-paying your lease. Should you total their car you do not get any of that pre-payment back. If you lease a car and do not completely and totally understand leasing upside down and backwards you will get taken to the cleaners. End of story. Several hours of research will make you an expert BMW lessee, you will save potentially thousands of dollars, and you won't get that sinking feeling that you just got taken advantage of.
Appreciate 0
      06-12-2008, 09:46 AM   #11
SollyD
New Member
0
Rep
29
Posts

Drives: gti
Join Date: Jun 2007
Location: ny

iTrader: (0)

Quote:
Originally Posted by 0utlier View Post
If you're happy, then everyone else should be happy for you. Congrats on your new car. However, next time ask before the deal, not after. If there is one lesson that all who lease should adhere is NO CAP COST REDUCTION ON A LEASE.

There is no upside to a down payment on a lease. You are simply pre-paying your lease. Should you total their car you do not get any of that pre-payment back. If you lease a car and do not completely and totally understand leasing upside down and backwards you will get taken to the cleaners. End of story. Several hours of research will make you an expert BMW lessee, you will save potentially thousands of dollars, and you won't get that sinking feeling that you just got taken advantage of.
so it's the same if I were to put 4k down. i'd lose that too.
Appreciate 0
      06-12-2008, 09:51 AM   #12
attorneyscott
Smokin' a Siglo VI...
attorneyscott's Avatar
United_States
20
Rep
275
Posts

Drives: 2008 E92 335i, Dinan Stage 3
Join Date: Jul 2007
Location: Dallas, TX

iTrader: (3)

Quote:
Originally Posted by SollyD View Post
so it's the same if I were to put 4k down. i'd lose that too.
correct.

that said, 380/mo to drive a brand-new BMW is dirt cheap IMO.
__________________
'08 E92 335i black sapphire/saddle, 6MT, sport/prem., CA, PDC, Sirius, Ipod/usb, HDR, Htd. Sts., Dinan Stage 3 flash/oil cooler/intercooler/exhaust/Stage 3 susp., MORR VS7's, Goodyear Eagle F-1 GS-D3s, BMW Perf. Parts STSK, Dinan/Quaife 3.08 LSD!!
'06 Land Rover Range Rover Supercharged; Zambezi Silver/Ivory/Piano Black Wood, SICK NASTY In Car Entertainment - seriously, will make your brain bleed
Appreciate 0
      06-12-2008, 11:44 AM   #13
0utlier
Private
0utlier's Avatar
0
Rep
62
Posts

Drives: X3 XDrive35i
Join Date: Feb 2008
Location: Hattiesburg, MS

iTrader: (0)

Quote:
Originally Posted by SollyD View Post
so it's the same if I were to put 4k down. i'd lose that too.
This is the part where if you understand BMW leases you'll never throw money away on cap cost reduction. If you have money to put towards your lease, you put it into MSD's (multiple security deposits), not cap cost reduction. With each MSD you get a reduction in MF (money factor). If you put $4000 into MSD's you effectively get roughly 10% return on your money. You also get your $4000 back at the end of the lease. With cap cost reduction you get nothing back and effectively earn no interest. Also, if you total the car you still get your MSD's back. You will never get your cap cost back.

As I now look at where you're located (NY) you cannot do multiple security deposits so all this about MSD's is a moot point for you anyway. Enjoy the car.
Appreciate 0
      06-14-2008, 06:47 AM   #14
SollyD
New Member
0
Rep
29
Posts

Drives: gti
Join Date: Jun 2007
Location: ny

iTrader: (0)

Quote:
Originally Posted by 0utlier View Post
This is the part where if you understand BMW leases you'll never throw money away on cap cost reduction. If you have money to put towards your lease, you put it into MSD's (multiple security deposits), not cap cost reduction. With each MSD you get a reduction in MF (money factor). If you put $4000 into MSD's you effectively get roughly 10% return on your money. You also get your $4000 back at the end of the lease. With cap cost reduction you get nothing back and effectively earn no interest. Also, if you total the car you still get your MSD's back. You will never get your cap cost back.

As I now look at where you're located (NY) you cannot do multiple security deposits so all this about MSD's is a moot point for you anyway. Enjoy the car.
lol ok cool. I was like oh man what's all this he's talking about.
Appreciate 0
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 07:59 AM.




e90post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST