$825/mo. 36 mo. lease on 335xi sedan - expensive mistake? - BMW 3-Series (E90 E92) Forum

matt415 · 05-21-2008, 03:47 PM

I put in an order for a 335xi sedan alpine white with terra leather and aluminum. Fully loaded - Cold Weather, Premium, Sport, STEP, CA, Power rear sunshade, PDC, Nav, HD radio, iPod. MSRP of $52,125.

The dealer tells me he is giving me a good discount and with $2,632 out of pocket at lease start my payments are going to be $825/mo. This is for a 36 month lease @ 15,000 miles per year and with a Philadelphia zip code (extra 1% for tax). I put down $2,000 deposit on my credit card and placed the order with the dealer.

I talked to another dealer just to check out the lease deal I got and they told me they could get my payments down to $795/mo. on the same car with the same cash out of pocket.

Am I getting ripped off or what? Any help would be appreciated. It's my own fault for only going to one dealer I guess...

justinnum1 · 05-21-2008, 04:04 PM

This month the residuals went down pretty bad but off my head i would say thats a lot of money. I did some calculations and your payments should be more like $715/mo with tax. Make sure the dealer shows you all the numbers. Don't just let him say they are giving you a good deal. You need to know that for this month the residual on the car is 56% and the money factor is .002(4.8%). The 2 numbers as well as the price that you and the dealer agree upon make up the lease payment.+tax. Tell the dealer that after you did some research their numbers seem way too high.

Good Luck

fundsmgr · 05-21-2008, 04:24 PM

That seems quite hig to me. I just negotiated similar config. for my girlfriend's car except her's is a 335i and it only cost $636/mth with $3,600 out of pocket. I can't justify a $189 per month increase for a total of $6,800 over 3 years to go from an "i" to an "ix" just for 4 wheel traction/drive. Seems the dealership saw you coming. As an analyst, I visited and communicated with 5 dealers before hand and received esteimates ranging from $619-$760.

Try this link when calculating for your next purchase --

http://www.bloomberg.com/invest/calc.../leasebuy.html

Solonng · 05-22-2008, 12:34 AM

Quote:

Originally Posted by fundsmgr

That seems quite hig to me. I just negotiated similar config. for my girlfriend's car except her's is a 335i and it only cost $636/mth with $3,600 out of pocket. I can't justify a $189 per month increase for a total of $6,800 over 3 years to go from an "i" to an "ix" just for 4 wheel traction/drive. Seems the dealership saw you coming. As an analyst, I visited and communicated with 5 dealers before hand and received esteimates ranging from $619-$760.

Try this link when calculating for your next purchase --

http://www.bloomberg.com/invest/calc.../leasebuy.html

honestly, the leasing program is so bad on the 335 right now. If you're getting 636 per month with 3600 down, its pretty bad. You should pay that with zero down to make it worthwhile

ybbiz34 · 05-22-2008, 12:49 AM

That's pretty high man.

ianbiz · 05-22-2008, 12:58 AM

For 825 the car better be yours.

StarrDlux · 06-15-2008, 04:54 PM

go find a car in stock and you'll get mad discount over that. why do they need to discount an order when they've got 50 335's on the lot?

NPDAN · 06-15-2008, 04:58 PM

damn,,,, That's a pretty big monthly... Wouldnt payments be that high normally with nothing out of pocket?

addy85 · 07-02-2008, 01:14 AM

holy shit thats fucking nuts, get your money back and run!!!

e92K335i · 07-02-2008, 01:25 AM

I got my 08 for

0$ out of my pocket, no registration fee, no down payment, no deposit, AND they pay my first months payment. @ $775.00 month 36 months 12,000 miles

I think I got a good deal, someone please confirm with me lol

BlackJetE90 · 07-02-2008, 02:20 AM

Wow thats way too much.

Although not a xi. My local BMW dealer just had a lease deal for a 335i sedan.

$299/month, $2,995 down, doc fee, acquisition fee, and taxes/registration. 24 month lease, 10,000 miles/year.

It ended on 6/30.

If was for no option car. But could easily order what ever options, it was a damn good starting point. And if did want a stripper 335i, hard to beat that deal.

Vudoo4u2 · 07-02-2008, 04:17 AM

Got to 785/mo on the 335i with navi, prem, sport, heated seats (50k msrp or so)...

I also live in IL, and here we have to pay sales tax on the full price of the vehicle and not just the leased portion (sucks...one of two states to do that still)...

Nothing down

05-21-2008, 03:47 PM	#1
matt415 New Member Drives: 2008 BMW 335xi Sedan Join Date: May 2008 Location: Havertown, PA Posts: 18 iTrader: (0)	$825/mo. 36 mo. lease on 335xi sedan - expensive mistake? I put in an order for a 335xi sedan alpine white with terra leather and aluminum. Fully loaded - Cold Weather, Premium, Sport, STEP, CA, Power rear sunshade, PDC, Nav, HD radio, iPod. MSRP of $52,125. The dealer tells me he is giving me a good discount and with $2,632 out of pocket at lease start my payments are going to be $825/mo. This is for a 36 month lease @ 15,000 miles per year and with a Philadelphia zip code (extra 1% for tax). I put down $2,000 deposit on my credit card and placed the order with the dealer. I talked to another dealer just to check out the lease deal I got and they told me they could get my payments down to $795/mo. on the same car with the same cash out of pocket. Am I getting ripped off or what? Any help would be appreciated. It's my own fault for only going to one dealer I guess...
	Tweet

05-21-2008, 04:04 PM	#2
justinnum1 Major Drives: 2007 335i Join Date: Nov 2006 Location: South Florida Posts: 1,084 iTrader: (0)	This month the residuals went down pretty bad but off my head i would say thats a lot of money. I did some calculations and your payments should be more like $715/mo with tax. Make sure the dealer shows you all the numbers. Don't just let him say they are giving you a good deal. You need to know that for this month the residual on the car is 56% and the money factor is .002(4.8%). The 2 numbers as well as the price that you and the dealer agree upon make up the lease payment.+tax. Tell the dealer that after you did some research their numbers seem way too high. Good Luck __________________ F30 328i sport mineral grey/black leather sport ZF8speed ZPS on the way

05-22-2008, 12:58 AM	#6
ianbiz 4th E90 Drives: Black E90 and a SGM E90 Join Date: Jul 2007 Location: Melbourne/UCF, Florida Posts: 4,884 iTrader: (6)	For 825 the car better be yours. __________________ Ian 06 330 and 07 335

06-15-2008, 04:54 PM	#7
StarrDlux Pussycat's Meow Drives: '08 335i montego \| Stock Join Date: May 2008 Location: Midtown (Altanta) Posts: 682 iTrader: (0)	go find a car in stock and you'll get mad discount over that. why do they need to discount an order when they've got 50 335's on the lot? __________________ 2008 335i montego \| stock 2002 A4 1.8TQS \| APR 1+ 1990 VW Corrado \| Stage 4 by SNS

06-15-2008, 04:58 PM	#8
NPDAN Colonel Drives: AW DCT M3 Join Date: Feb 2007 Location: So.Cal Posts: 2,578 iTrader: (7) Garage List 2008 E92 M3 [0.00] 07' E92 335i [0.00]	damn,,,, That's a pretty big monthly... Wouldnt payments be that high normally with nothing out of pocket? __________________

05-21-2008, 04:24 PM	#3
fundsmgr Enlisted Member Drives: 2008 335i Manual Join Date: May 2008 Location: New Jersey Posts: 30 iTrader: (0)	That seems quite hig to me. I just negotiated similar config. for my girlfriend's car except her's is a 335i and it only cost $636/mth with $3,600 out of pocket. I can't justify a $189 per month increase for a total of $6,800 over 3 years to go from an "i" to an "ix" just for 4 wheel traction/drive. Seems the dealership saw you coming. As an analyst, I visited and communicated with 5 dealers before hand and received esteimates ranging from $619-$760. Try this link when calculating for your next purchase -- http://www.bloomberg.com/invest/calc.../leasebuy.html

05-22-2008, 12:49 AM	#5
ybbiz34 Moderator Drives: 2010 BMW xDrive 335i Sedan Join Date: Jul 2007 Location: USA Posts: 2,594 iTrader: (0)	That's pretty high man.

07-02-2008, 01:14 AM	#9
addy85 Got beef? Drives: E90 335i Join Date: Oct 2007 Location: Arlington Texas Posts: 3,706 iTrader: (4) Garage List 2007 335i [0.00]	holy shit thats fucking nuts, get your money back and run!!! __________________ Special Thanks to AU335

07-02-2008, 01:25 AM	#10
e92K335i Captain Drives: E70 X5, F10 535i Join Date: Apr 2008 Location: 562,949 SoCal Posts: 947 iTrader: (4)	I got my 08 for 0$ out of my pocket, no registration fee, no down payment, no deposit, AND they pay my first months payment. @ $775.00 month 36 months 12,000 miles I think I got a good deal, someone please confirm with me lol __________________ F10 535i \| Dark Graphite Metallic \| M Sport E70 X5 3.5i Sports Activity LCI \| Jet Black \| Black Leather \| Tech Pkg \| Glossy Black Grills RIP: '11 E92 335i M-Sport 6MT Loaded, '09 E92 328i Paddles Stockie

07-02-2008, 02:20 AM	#11
BlackJetE90 Major Drives: E90 Join Date: Jul 2007 Location: e90 Posts: 1,071 iTrader: (0)	Wow thats way too much. Although not a xi. My local BMW dealer just had a lease deal for a 335i sedan. $299/month, $2,995 down, doc fee, acquisition fee, and taxes/registration. 24 month lease, 10,000 miles/year. It ended on 6/30. If was for no option car. But could easily order what ever options, it was a damn good starting point. And if did want a stripper 335i, hard to beat that deal.

07-02-2008, 04:17 AM	#12
Vudoo4u2 Night Sh1ft Drives: E90 M3 Join Date: Oct 2007 Location: It's bobsled time Posts: 2,788 iTrader: (2) Garage List 2011 BMW E90 M3 [5.00]	Got to 785/mo on the 335i with navi, prem, sport, heated seats (50k msrp or so)... I also live in IL, and here we have to pay sales tax on the full price of the vehicle and not just the leased portion (sucks...one of two states to do that still)... Nothing down