[matt11]

What is a good lease payment for a E90 330xi with the following options:
Premium Package
Sport Package
6 Speed
Nav
Heated Seats
Comfort Access
Metallic Paint
Destination

MSRP $45770. 15k/36 month. I was quoted $660 w/out tax with $1600 down. What do you think?

[espo]

Do a search on lease payment calcuations on this board. There is a TON of information!!!!

There are so many factors involved that you have not given anywhere near enough information to figure it out.

[pharding]

You are approaching this in the worst way possible for your personal finances.

Here is the best approach. Always negotiate the price of the car first. Then negotiate the lease deal deal. Always check the dealers lease math using Lease Wizard or the lease calcualtor on Edmunds.com On Roadfly there is a finance forum. Do a search. Look for BMW "buy rates" posted by Tarry the first week of each month. Your goal is to get the "buy rate" without mark up.

My son leased a BMW 330 and did Euro Delivery. His MSRP was $45k. He put down $4,500 of which he gets $500 back from BMW CCA. He lives in LA. His monthly payments with sales tax and fees are $420 for 3 years 36,000 miles as I recall.

With leasing it is critical to do your homework. Dealers routinely hose down those that only look at the monthly payment.

[carnuts3]

Originally Posted by matt11

What is a good lease payment for a E90 330xi with the following options:
Premium Package
Sport Package
6 Speed
Nav
Heated Seats
Comfort Access
Metallic Paint
Destination

MSRP $45770. 15k/36 month. I was quoted $660 w/out tax with $1600 down. What do you think?

If you go to the BMWusa.com web site and build your car you will see that the lease calculator will result in a $663/mo payment plus tax using your assumptions. This monthly payment is calculated off of the list price of $45,770. Too high!. You need to at least negotiate a lower price equal to about $1500- $1800 over dealer invoice or around $43,500. If this price were used in the lease calculation, you monthly payment , assuming everything else remains the same, would be approx. $600/mo plus tax. This payment seems more reasonable to me. My dealer in Ct told me that they are getting on average approx $1500 over invoice for 330i's. I didn't ask but I suspect that they may be getting a few hundred $$'s more for the 330xi's.

IMO,if your monthly lease payment is going to be over $500,You better off buying it.I would lease only if I'm getting a hell of a deal from the manufacturer.BMW makes a lot of money off leasing,the resale value being high.I remenber when I had my E46,I'd check my dealer lot, some of them certified E46's with over 20k were up there in price close to new car prices.That's also why BMW resale is so high because BMW demands a high price for its out of lease cars.
I'm speculating.

[carnuts3]

If the lease price is $500, I would guarantee that the buy price would be significantly higher - maybe out of the "affordable range". Anyway, when you lease, the higher the residual value the lower the monthly lease payments. If the dealer buys your leased car at term and has to sell it at a high price in order to make a "reasonable" profit because of the high residual value that they had to pay to buy your vehicle, that only means that your lease payments were lower than they would have been if the residual value at term was lower.

[SteveMD]

Originally Posted by quincy

IMO,if your monthly lease payment is going to be over $500,You better off buying it.I would lease only if I'm getting a hell of a deal from the manufacturer.BMW makes a lot of money off leasing,the resale value being high.I remenber when I had my E46,I'd check my dealer lot, some of them certified E46's with over 20k were up there in price close to new car prices.That's also why BMW resale is so high because BMW demands a high price for its out of lease cars.
I'm speculating.

Not really. If I was to buy my wife's 330i with no money down I'd be paying about $840 per month.

Keep in mind that a high residual is great for people leasing. It reduces the depreciation that you would have to pay.

My wife gets a car allowance. She can either finance a Chevy Malibu or lease a 330 with all the trimmings (and in 3 years, turn it in and get another). What would you do?

[matt11]

Where in CT do you buy your BMW's?? I live in CT and am wondering who to work with??

Originally Posted by SteveMD

Not really. If I was to buy my wife's 330i with no money down I'd be paying about $840 per month.

Keep in mind that a high residual is great for people leasing. It reduces the depreciation that you would have to pay.

My wife gets a car allowance. She can either finance a Chevy Malibu or lease a 330 with all the trimmings (and in 3 years, turn it in and get another). What would you do?

I would buy,I have 2 words for you "building equity".I'd elaborate let's
say you put $4000 down on a $35000 BMW,your payements will be around $620,after 4 years you want to trade for another BMW
You get $18000 for your car and you still owe about $6200.your allowance into the new car is about $12000.The second ,third time and so on ,the deal will keep getting better because you're building your equity.It's not unusual to keep a BMW for 4 years.
Besides to paraphrase our great President Bush,"This is an ownership society"

[SteveMD]

Fine. You buy. My secondary car is always leased. All others are bought used - usually after 2 model years. Without getting into another buy vs lease thread, I would simply say that buying a depreciating asset to 'build equity' is shortsighted.

If you want to buy the car and keep it for 10 years, fine but we rotate our cars every 3,4,5 years. Have never kept a car longer than 5 years since 1986.

Enjoy building that equity. If you keep buying BWMs in the manner you state, you can eventually stop work forever and pay for your kid's college.

[carnuts3]

Originally Posted by matt11

Where in CT do you buy your BMW's?? I live in CT and am wondering who to work with??

Continental BMW in Darien. My sales person is Jim Salkin. Tell him about the $1500 mark-up above the invoice price if and when the need presents itself.

[carnuts3]

Originally Posted by SteveMD

Fine. You buy. My secondary car is always leased. All others are bought used - usually after 2 model years. Without getting into another buy vs lease thread, I would simply say that buying a depreciating asset to 'build equity' is shortsighted.

If you want to buy the car and keep it for 10 years, fine but we rotate our cars every 3,4,5 years. Have never kept a car longer than 5 years since 1986.

Enjoy building that equity. If you keep buying BWMs in the manner you state, you can eventually stop work forever and pay for your kid's college.

Agreed. No such thing as building equity in automobiles unless you want to take the risk of buying a anticipated "rare" make and model and park it in the garage for 30 years before you sell it, and hope that the car appreciated as you had hoped.

If you plan to keep a car for less than 5 years, leasing IMO is the better way to go. It may cost $1-2K more to lease over a 3/4 yr period vs buying, but the convenience of leasing is well worth the extra $20-40/mo. (sometimes, it is less expensive to lease over a 3/4 yr period than to buy). To each his own.

[E90RWC]

I actually went this last weekend to try and trade in my E46 on a lease for another 325i with ZPP, ZSP Xenon and Auto.

They wanted $3500 down. $750 for 36 months. My credit is above 760. They didn't ask me if I wanted to run my credit, which was good, that would have been a waste of an inquiry.

They applied a $5400 dollar negative to the new 325. My current E46 looks better than any 2003 out there. I only have 15k miles on it for godsake. It has ZPP, ZSP, Xenon and 5-Speed manual. It is black on black and the paint is immaculate.

I got up and left. I said, "Ok. That is ridiculous."

I gotta keep shopping around.

[SteveMD]

I can't blame them for doing so, but dealers love uninformed people (and I'm not saying that you are one BTW) walking into dealerships saying"I want to lease". I'm sure it makes their day.

Mind you, the $5400 neg would push the payments up a lot since you are now adding probably $160-$180 per month to the payment.

Plug your numbers into a lease calculator and see what you come up with. MF on a 325 is 0.00250 and the residual is 62/64/65% for 15/12/10K miles.

[matt11]

Where do i find the money factor and residual for 330xi 15K/36?? What other info do I need to plug into a lease calculator? Where do I find a lease calculator? Thanks

[imola cab]

Originally Posted by matt11

Where do i find the money factor and residual for 330xi 15K/36?? What other info do I need to plug into a lease calculator? Where do I find a lease calculator? Thanks

Here's the calculator
http://www.e90post.com/forums/showthread.php?t=10316

January numbers are here
http://forums.roadfly.com/forums/fin...7367284-1.html

Hope this helps

Kim

[matt11]

Does anyone have Feb numbers yet for money factors?