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BMW 3-Series (E90 E92) Forum
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Post your 2011 Lease Deal
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02-10-2011, 11:28 PM | #111 |
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I live in the nyc metro area (Northern NJ in fact). I paid 250 over invoice. PM me if you are interested. I can give my dealer the heads up.
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02-10-2011, 11:37 PM | #113 |
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^^sounds good, I just text Ryan and let him know to be on the lookout for your email. Make sure and mention your a forum member
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02-10-2011, 11:47 PM | #114 |
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02-11-2011, 01:51 AM | #115 |
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Hey I just sent Ryan an Email. Thanks.
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02-11-2011, 09:16 AM | #116 |
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02-11-2011, 11:39 AM | #117 |
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02-11-2011, 11:41 AM | #118 |
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great i sent him a text letting him know to be on the lookout and get back to you today
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02-11-2011, 02:21 PM | #119 | |
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02-11-2011, 07:14 PM | #120 | |
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Anyway, the NJ dealership is 20 minutes from the George Washington Bridge. |
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02-11-2011, 07:21 PM | #121 |
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I find it so odd that a BMW dealerships would not treat everyone who brings their car into their store with the up most professionalism seeing that a large majority of the dealership revenue comes from service dept. Crazy. We take in all bmw no matter where they are purchased, instead of being upset that they didn't purchase from us we feel flattered that they continue to take their vehicle to us for service.
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BEFORE YOU BUY YOUR NEXT BMW, EMAIL OUR GUY KOTE FIRST! Kote M Sales:Kotem@bmwofcamarillo.com Cell:805-368-9101 vipfinance@bmwofcamarillo.com for warranties! |
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02-11-2011, 07:31 PM | #122 |
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It's probably a new York thing. But most or all of the dealerships I've been to in new York are like that. Even my previous 3 cars that I owned Cadillac, jeep, Acura all had to be purchased from that dealer to get a loaner. Remember that NY is largely populated and what do these dealers have 50-100 loaners? If they gave a loaner to anyone they wouldn't have any for their customers to purchased from them. That's my thought. Any other new Yorkers out there can confirm this with me ?
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02-11-2011, 07:33 PM | #123 |
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Another thing to take into account does BMW corporate ever state in warranty or maintenance that a loner is offered? This is usually a dealer incentive to buy from them because 2 BMW dealerships in NY don't even offer loaners
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02-11-2011, 08:47 PM | #124 |
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My guess is that the cost of doing business is higher in NY, particularly around NYC, so they really can't compete against the lower prices out of state. If everybody went for the lowest price and they didn't set an artificial restraint like "unless you buy from us, no loaner", they'd go out of business Or they're just being shortsighted asses.
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02-12-2011, 03:11 AM | #125 | |
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The Residual Factor is 57%. The Money Factor is 1.35 The MSRP for this quote was $51,775.00 The Total Capitalized Cost (selling price) is $48,705.00 Drive off is $2189.84 Monthly Payment is $701.02 For the same car without Navigation it was $675 monthly and $2140 drive-off. |
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02-13-2011, 05:46 PM | #126 |
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I work for Competitoin Infiniti in Smithtown. I know atleast for Infiniti we MUST give loaners to all customers because they are technically provided by IFS and not the dealership. I am calling BS on that one.
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02-13-2011, 08:38 PM | #127 |
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2011 335is, Space Gray, Coral Red, Premium, cold weather, DCT, Satellite, Harmon Kardon, iPod, Nav
MSRP: $60,250 Sell: $54,480 ($1,495 credit. Invoice +$500) MF: .00135 (3.24%) Residual: 60% (12,000 miles) Taxes rolled into lease (in nys, taxes rolled into lease get taxed) $710
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02-13-2011, 10:25 PM | #128 | |
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02-14-2011, 10:32 AM | #129 | |
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If it were me, I would try to reduce the CAP fee a to $48K, look at the drive off fees (doc fees are negotiable, but bank fee of $725 is not) and if you wanted to lower your payment, look at Multiple Security Deposits (MSD's) to reduce your money factor/ interest rate and roll all your drive offs into the lease. If that is too much work, then your deal in my opinion is reasonable Have fun driving. That is a sweet set up.
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1999 M3 Estoril Blue/Dove 1974 2002 Inka 2013 135is Alpine White 3 Last edited by 67R60; 02-14-2011 at 05:44 PM.. Reason: Wrong Lease Calc |
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02-14-2011, 04:53 PM | #130 | |
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02-14-2011, 05:00 PM | #131 |
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^^if you have any questions or would like a comparison quote feel free to let me know
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BEFORE YOU BUY YOUR NEXT BMW, EMAIL OUR GUY KOTE FIRST! Kote M Sales:Kotem@bmwofcamarillo.com Cell:805-368-9101 vipfinance@bmwofcamarillo.com for warranties! |
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02-14-2011, 05:39 PM | #132 | |
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Some of the key things that helped me is understanding the MF, depreciation, and how multiple security deposits can be your friend to reduce the monthly payment. MF x 2400 = interest rate. Go to this website for the monthly Money Factor and Depeciation as published by BMW Finance. http://www.ridewithg.com/index.php/2...-january-2011/ MSD's Lower Interest Rate by .0007 (they are refundable at the end of the lease). You can put down a maximum of 7 MSD's for a total MF reduction of .00049 x 2400 = 1.176% MSDs are calculated by your monthly lease payment rounded up to the nearest 50 bucks. In your case your MSD's would be $700 each or $4,900. Again, refundable. In your example, if you put down 7 MSD's it would look like this: Base MF = .00135 Less .00049 New MF = .00086 (or 2.064% Interest rate). New Payment:$600.41 plus tax which is $38.75/month less. So if tying up $4,900 for 3 years to save $1,395 is worth it, your call. To calculate your lease payment, go to this website and plug in your numbers: http://www.leaseguide.com/calc.htm GOLFFRR on this post quoted me right away and came in at a great price. I am in Seattle but you are pretty close to him. You may want to PM him and see what he can do. I was impressed. If you need help, PM me and I can help you with MSD's or? Good luck! Let us know what you do.
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1999 M3 Estoril Blue/Dove 1974 2002 Inka 2013 135is Alpine White 3 Last edited by 67R60; 02-14-2011 at 05:43 PM.. Reason: Wrong Lease Calc. |
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