Independent Lease Companies

!Xoible · 01-29-2008, 01:33 PM

Howdy!

Im thinking of going thru an independent lease company for my next 335. Do you guys have ANY information on:

1. disadvantages
2. advantages
3. which companies are reputable
4. which are best service (lowest price, no BS, etc)?

im looking at LeaseCompare and LeasePrime right now...

thanks

!Xoible · 01-29-2008, 03:50 PM

really? no idea? wow

!Xoible · 01-29-2008, 05:03 PM

BMWE90 · 01-29-2008, 05:10 PM

Pay me $500 and I'll get the deal for you. lol

Seriously though, you dont need to go through them man. Just do your hw and have patience.

!Xoible · 01-29-2008, 05:15 PM

thanks for the encouraging words! altho i fail to find the answers to my questions

BMWE90 · 01-29-2008, 05:18 PM

alright here are the answers

1. I dont know
2. hmmm... no idea
3. ummm...beats me
4. I really have no idea

On a serious note, I dont think you will find a lot of info about it here because most, if not all, people who leased did it on their own. That's why we have a whole section devoted to new car ordering and leasing, etc. Let me know what you need and perhaps I can help you find a good deal *unless it's the M3.

!Xoible · 01-29-2008, 05:19 PM

there you go!

OverDrive · 01-29-2008, 05:36 PM

Quote:

Originally Posted by BMWE90

alright here are the answers

1. I dont know
2. hmmm... no idea
3. ummm...beats me
4. I really have no idea

On a serious note, I dont think you will find a lot of info about it here because most, if not all, people who leased did it on their own. That's why we have a whole section devoted to new car ordering and leasing, etc. Let me know what you need and perhaps I can help you find a good deal *unless it's the M3.

what he said

cycler · 01-29-2008, 08:05 PM

Your better off going straight through the dealer. You can find out wholesale pricing either here or www.bimmerfest.com, and you can find out what the exact money factor is and residuals so that the dealer cant scew you. So why would you need a leasing company? There was one and for the life of me I cant remember the name that wanted to give me a .00325 money factor on a car that was supposed to be .00235. Granted in the end I wound up doing ED and had a MF of .00265 but thats still a hell of lot better than the .00325

cycler · 01-29-2008, 08:09 PM

Oh they are called www.fleetrates.com....what a rip off.

!Xoible · 01-30-2008, 10:40 AM

John 070 · 01-30-2008, 11:38 AM

Quote:

Originally Posted by mantis

really? no idea? wow

I remember back in 1997, I was looking for a used 300ZX or Maxima, and the sales guy said, "Phat ride, dude. You wanna buy or lease?" I almost fell over, "Lease a used car?" He said yeah, you wanna lease this Mercedes instead? I couldn't fathom a car being 2 years old, going for 17k, being leased. Buy it, or if you don't have the money, don't buy it was my thinking.

The concept is so powerful, nobody likes Rent to Own appliances, the idea of having a landlord, or subprime, but people do love their leases. Lots more flash for that small payment. There will always be secondary and tertiary markets for everything. When there is money to be made, humans can get awfully creative.

!Xoible · 01-30-2008, 11:43 AM

Quote:

Originally Posted by cycler

Your better off going straight through the dealer. You can find out wholesale pricing either here or www.bimmerfest.com, and you can find out what the exact money factor is and residuals so that the dealer cant scew you. So why would you need a leasing company? There was one and for the life of me I cant remember the name that wanted to give me a .00325 money factor on a car that was supposed to be .00235. Granted in the end I wound up doing ED and had a MF of .00265 but thats still a hell of lot better than the .00325

you get higher residual at indie companies, lower MF (coz finance department at dealer takes a share of that money), you get to walk out of your lease whenever you want. that sounds good to me!!

Quote:

Originally Posted by John 070

I remember back in 1997, I was looking for a used 300ZX or Maxima, and the sales guy said, "Phat ride, dude. You wanna buy or lease?" I almost fell over, "Lease a used car?" He said yeah, you wanna lease this Mercedes instead? I couldn't fathom a car being 2 years old, going for 17k, being leased. Buy it, or if you don't have the money, don't buy it was my thinking.

The concept is so powerful, nobody likes Rent to Own appliances, the idea of having a landlord, or subprime, but people do love their leases. Lots more flash for that small payment. There will always be secondary and tertiary markets for everything. When there is money to be made, humans can get awfully creative.

I have a friend who leases 3 year old cars. His payment on 745 is like $300. he gets them with some warranty on them. sounds good IMO!

OC Guy · 01-30-2008, 04:57 PM

Nabil try going to Bimmerfest. Their AskADealer forum is really good for lease type questions. Not sure if it can help with 3rd party leases but it is worth a shot.

!Xoible · 01-30-2008, 05:14 PM

thanks man!

status38 · 01-30-2008, 05:38 PM

I remember seeing that third party companies are cheaper if you get a longer lease, 4 year or sometimes 3yr.

http://www.bimmerfest.com/forums/sho...d.php?t=253968

!Xoible · 01-30-2008, 05:41 PM

yah someone was telling me his friend picked up a 62 month lease knowing he can break his lease after 6 months.

thanks for info bro!

John 070 · 01-30-2008, 06:14 PM

Quote:

Originally Posted by mantis

you get higher residual at indie companies, lower MF (coz finance department at dealer takes a share of that money), you get to walk out of your lease whenever you want. that sounds good to me!!

I have a friend who leases 3 year old cars. His payment on 745 is like $300. he gets them with some warranty on them. sounds good IMO!

Better set aside another $500 mo. for maintenance on that used 745 (pay out of one's own pocket, to maintain someone else's property--brilliant!). Or if he really likes his concept, go and lease a used Audi A8. Talk about bleeding money...

!Xoible · 01-30-2008, 06:22 PM

he doesnt pay 500 a month in maint. his warranty wasnt expired, and he can extend it. plus even 300 + 500 is still cheap

!Xoible · 01-31-2008, 10:37 AM

so far i only heard leasecompare is good, but still dont know if they'd let me break the lease... i think i should call

o98eclipse · 01-31-2008, 10:56 PM

I've been dealing with Signature Leasing and they came back with a fairly good lease payment. I just don't know much about how to deal with them.

MSRP: $47,100
Money Factor: .00215
Residual: 64% or did he say 68%
Payment = $574.00

I haven't negotiated price. Has anyone dealt with independent leasing company's? Sounds better than going through a dealer...

OC Guy · 01-31-2008, 11:44 PM

Quote:

Originally Posted by o98eclipse

I've been dealing with Signature Leasing and they came back with a fairly good lease payment. I just don't know much about how to deal with them.

MSRP: $47,100
Money Factor: .00215
Residual: 64% or did he say 68%
Payment = $574.00

I haven't negotiated price. Has anyone dealt with independent leasing company's? Sounds better than going through a dealer...

How long ago was that MF?

01-29-2008, 01:33 PM	#1
!Xoible Banned 832 Rep 46,029 Posts Drives: .... Join Date: Nov 2006 Location: . iTrader: (4) Garage List 2008 M3 [4.00] 2007 335i [9.00] 2008 528i [8.00] 2006 Infiniti - G35 ... [8.00]	Independent Lease Companies Howdy! Im thinking of going thru an independent lease company for my next 335. Do you guys have ANY information on: 1. disadvantages 2. advantages 3. which companies are reputable 4. which are best service (lowest price, no BS, etc)? im looking at LeaseCompare and LeasePrime right now... thanks
	Appreciate 0 Tweet Quote

01-29-2008, 03:50 PM	#2
!Xoible Banned 832 Rep 46,029 Posts Drives: .... Join Date: Nov 2006 Location: . iTrader: (4) Garage List 2008 M3 [4.00] 2007 335i [9.00] 2008 528i [8.00] 2006 Infiniti - G35 ... [8.00]	really? no idea? wow
	Appreciate 0 Quote

01-29-2008, 05:03 PM	#3
!Xoible Banned 832 Rep 46,029 Posts Drives: .... Join Date: Nov 2006 Location: . iTrader: (4) Garage List 2008 M3 [4.00] 2007 335i [9.00] 2008 528i [8.00] 2006 Infiniti - G35 ... [8.00]
	Appreciate 0 Quote

01-29-2008, 05:10 PM	#4
BMWE90 Major 86 Rep 1,153 Posts Drives: E90 335 Join Date: Aug 2007 Location: Bay Area iTrader: (1)	Pay me $500 and I'll get the deal for you. lol Seriously though, you dont need to go through them man. Just do your hw and have patience.
	Appreciate 0 Quote

01-29-2008, 05:15 PM	#5
!Xoible Banned 832 Rep 46,029 Posts Drives: .... Join Date: Nov 2006 Location: . iTrader: (4) Garage List 2008 M3 [4.00] 2007 335i [9.00] 2008 528i [8.00] 2006 Infiniti - G35 ... [8.00]	thanks for the encouraging words! altho i fail to find the answers to my questions
	Appreciate 0 Quote

01-29-2008, 05:18 PM	#6
BMWE90 Major 86 Rep 1,153 Posts Drives: E90 335 Join Date: Aug 2007 Location: Bay Area iTrader: (1)	alright here are the answers 1. I dont know 2. hmmm... no idea 3. ummm...beats me 4. I really have no idea On a serious note, I dont think you will find a lot of info about it here because most, if not all, people who leased did it on their own. That's why we have a whole section devoted to new car ordering and leasing, etc. Let me know what you need and perhaps I can help you find a good deal *unless it's the M3.
	Appreciate 0 Quote

01-29-2008, 05:19 PM	#7
!Xoible Banned 832 Rep 46,029 Posts Drives: .... Join Date: Nov 2006 Location: . iTrader: (4) Garage List 2008 M3 [4.00] 2007 335i [9.00] 2008 528i [8.00] 2006 Infiniti - G35 ... [8.00]	there you go!
	Appreciate 0 Quote

01-29-2008, 08:05 PM	#9
cycler Major General 137 Rep 8,067 Posts Drives: 2011 Streetglide and 2011 Dyna Join Date: Nov 2007 Location: Long Island NY iTrader: (0)	Your better off going straight through the dealer. You can find out wholesale pricing either here or www.bimmerfest.com, and you can find out what the exact money factor is and residuals so that the dealer cant scew you. So why would you need a leasing company? There was one and for the life of me I cant remember the name that wanted to give me a .00325 money factor on a car that was supposed to be .00235. Granted in the end I wound up doing ED and had a MF of .00265 but thats still a hell of lot better than the .00325
	Appreciate 0 Quote

01-29-2008, 08:09 PM	#10
cycler Major General 137 Rep 8,067 Posts Drives: 2011 Streetglide and 2011 Dyna Join Date: Nov 2007 Location: Long Island NY iTrader: (0)	Oh they are called www.fleetrates.com....what a rip off.
	Appreciate 0 Quote

01-30-2008, 10:40 AM	#11
!Xoible Banned 832 Rep 46,029 Posts Drives: .... Join Date: Nov 2006 Location: . iTrader: (4) Garage List 2008 M3 [4.00] 2007 335i [9.00] 2008 528i [8.00] 2006 Infiniti - G35 ... [8.00]
	Appreciate 0 Quote

01-30-2008, 04:57 PM	#14
OC Guy General 539 Rep 18,123 Posts Drives: AW 335D E90 Join Date: Oct 2006 Location: Irvine/Aliso Viejo, CA iTrader: (9) Garage List 2007 335i [0.00]	Nabil try going to Bimmerfest. Their AskADealer forum is really good for lease type questions. Not sure if it can help with 3rd party leases but it is worth a shot. __________________ Current: 2010 Alpine White 335D LCI l 19" BBS LMs l KW V2 Coilovers l BMW Performance Grilles l MSport Front/Rear l Karbonwerke Trunk l F1 Pinnacle Tint 35% Former: E92 Space Grey 335i Latest pics
	Appreciate 0 Quote

01-30-2008, 05:14 PM	#15
!Xoible Banned 832 Rep 46,029 Posts Drives: .... Join Date: Nov 2006 Location: . iTrader: (4) Garage List 2008 M3 [4.00] 2007 335i [9.00] 2008 528i [8.00] 2006 Infiniti - G35 ... [8.00]	thanks man!
	Appreciate 0 Quote

01-30-2008, 05:38 PM	#16
status38 Second Lieutenant 47 Rep 287 Posts Drives: E92 M3 Join Date: Jan 2008 Location: FL iTrader: (0)	I remember seeing that third party companies are cheaper if you get a longer lease, 4 year or sometimes 3yr. http://www.bimmerfest.com/forums/sho...d.php?t=253968
	Appreciate 0 Quote

01-30-2008, 05:41 PM	#17
!Xoible Banned 832 Rep 46,029 Posts Drives: .... Join Date: Nov 2006 Location: . iTrader: (4) Garage List 2008 M3 [4.00] 2007 335i [9.00] 2008 528i [8.00] 2006 Infiniti - G35 ... [8.00]	yah someone was telling me his friend picked up a 62 month lease knowing he can break his lease after 6 months. thanks for info bro!
	Appreciate 0 Quote

01-30-2008, 06:22 PM	#19
!Xoible Banned 832 Rep 46,029 Posts Drives: .... Join Date: Nov 2006 Location: . iTrader: (4) Garage List 2008 M3 [4.00] 2007 335i [9.00] 2008 528i [8.00] 2006 Infiniti - G35 ... [8.00]	he doesnt pay 500 a month in maint. his warranty wasnt expired, and he can extend it. plus even 300 + 500 is still cheap
	Appreciate 0 Quote

01-31-2008, 10:37 AM	#20
!Xoible Banned 832 Rep 46,029 Posts Drives: .... Join Date: Nov 2006 Location: . iTrader: (4) Garage List 2008 M3 [4.00] 2007 335i [9.00] 2008 528i [8.00] 2006 Infiniti - G35 ... [8.00]	so far i only heard leasecompare is good, but still dont know if they'd let me break the lease... i think i should call
	Appreciate 0 Quote

01-31-2008, 10:56 PM	#21
o98eclipse Lieutenant 44 Rep 403 Posts Drives: 13 E93 M3 Join Date: Jan 2008 Location: San Diego iTrader: (1)	I've been dealing with Signature Leasing and they came back with a fairly good lease payment. I just don't know much about how to deal with them. MSRP: $47,100 Money Factor: .00215 Residual: 64% or did he say 68% Payment = $574.00 I haven't negotiated price. Has anyone dealt with independent leasing company's? Sounds better than going through a dealer...
	Appreciate 0 Quote