**Please Post Your 2009 Lease Deals**

Diamond Skyline · 09-08-2008, 04:18 AM

*10/21/08 - Admins, I would suggest making this post a sticky, there is a lot of useful information in this thread regarding the lease of an '09 E9x or even just leasing in general

Hello Everyone,

Seems that the 2009 E9x's are on the horizon with many people having placed orders or confirmed prior ones. Of course, as we all know, there have been price increases in nearly every option available and contradictions on the availability of the new iDrive on all E9x models. All that aside I wanted to get an idea of what to expect for monthly lease figures for the '09s, especially now that official 2009 lease rates are available!

Therefore, for those of you who have negotiated the purchase of a 2009 E9x could you please post the details of your deal, here's a template:

MSRP:
Negotiated Price:
Lease Term:
Annual Mileage:
Down Payment:
Residual:
Money Factor:

Monthly Payment:

If we could keep this post strictly to the criteria above I believe it would be very helpful to those considering the lease of a E9x

I myself will be placing an order in the weeks to come and will post my figures respectively

Thank you everyone for their input.

- Diamond Skyline

*Some useful hints when going to the dealership:

- The dealer's invoice price is usually 93% of the MSRP or you can calculate your own here:

E90: http://www.bmwblog.com/docs/2009-e90-pricing.pdf

E92: http://www.bmwblog.com/docs/2009-e92-pricing.pdf

- It is possible to get close to invoice price even when placing a custom order, however it will require a little more effort

- The dealer can control the money factor by raising it over the rate set by BMW NA but cannot control the residuals (correct me if I am wrong) as they are set in stone by BMW North America, therefore your best tool is working on the actual price of the car, don't get sucked into extending out the lease period or by reducing the annual mileage.. also on that note, from my experiences, 36 month and 42 month lease rates for September/October are better than 48/60 Month rates, so extending out the lease isn't always a good idea either!

- If you calculate your own lease figures using Lease Guide (http://www.leaseguide.com/calc.htm) make sure they are consistent with what the dealer quotes you

- Try to put the lowest amount possible as a down payment, you may not get it all back if something were to happen to your car

Any other tips would be appreciated, happy shopping!

Skywalker27617 · 09-08-2008, 02:41 PM

I think most people are waiting for lease rates to come out. I have negotiated cost over ED invoice and the pricing will be applied against whatever the lease/financial rates will be.

Also you will see a substantial delta in payments depending if one does ED or not.

I am doing ED with $1000 over ED invoice and with whatever the official lease rate, residual, MF will be.

Use one of the excel calculators avialable on the forum to calculate your lease payment. That way you will know exactly what you should pay, without suprises. Good Luck!

crazyeyeskilla · 09-08-2008, 04:12 PM

Same thing here - waiting for the new buy rates/residuals, but I have negotiated a lease at whatever the base buy rate and the std US MSRP residual will be for my ED. Pretty much told one local dealer that wanted to add to the buy rate to take a flying...(see below)

crazyeyeskilla · 09-08-2008, 04:15 PM

By the way, not to promote another Bimmer blog, but this has always proven to be helpful and has the current month's base rates and residuals: http://www.bimmerfest.com/forums/sho...d.php?t=309657

Diamond Skyline · 09-08-2008, 06:43 PM

Adding to the post above (since there are no figures for 42 month leases) here is a PDF which has the September Lease Rates: http://www.bimmerfile.com/wp-content...w0908lease.pdf

Diamond Skyline · 09-09-2008, 05:01 AM

Spoke to two different dealers in my area both of whom confirmed there will be no new iDrive on the E92s this season

Jake C · 09-09-2008, 07:05 AM

Quote:

Originally Posted by Diamond Skyline

Spoke to two different dealers in my area both of whom confirmed there will be no new iDrive on the E92s this season

I think with all due respect those 2 CA's may be misinformed. No new IDrive on the 5 series and 6 series but there will be new IDrive on the 1,3 and 7 series.
http://www.e90post.com/forums/showthread.php?t=165648
http://bmwcca.org/forum/showthread.php?t=3105

- J

Diamond Skyline · 09-09-2008, 04:33 PM

Quote:

Originally Posted by Jake C

I think with all due respect those 2 CA's may be misinformed. No new IDrive on the 5 series and 6 series but there will be new IDrive on the 1,3 and 7 series.
http://www.e90post.com/forums/showthread.php?t=165648
http://bmwcca.org/forum/showthread.php?t=3105

- J

I read that post as well only making me more confused, I know for sure the Sedans will have the new iDrive but from what I was told the coupes will not have new iDrive until next year.. both dealers told me that..

but then I was BMW USA customizing a coupe and the interior picture showed the new iDrive.. I just don't know what to believe until someone actually takes delivery of their new coupes

SteveMD · 09-09-2008, 06:13 PM

Quote:

Originally Posted by Diamond Skyline

- The dealer cannot control the money factor or residuals as they are set by BMW North America, therefore your best tool is working on the actual price of the car, don't get sucked into extending out the lease period or by reducing the annual mileage

Wrong. The dealer can add 1% markup to the MF (0.0004).

Quote:

Originally Posted by Diamond Skyline

- Try to put the lowest amount possible as a down payment, it is simply money you will lose if god forbid you get in an accident [/I]

Also incorrect. It has been discussed here several times. The insurance company will pay off the lease first on a totalled car. Any overage will come to you. You may not get it all back if the car is a couple of years old, bit you wouldn't either if you were financing.

crazyeyeskilla · 09-09-2008, 06:21 PM

Exactly, so tell the dealer they're not getting your business if they try to mark up the lease above the BMWFS buy rate. They are already getting paid by BMWFS for your negotiated purchase price for the car - the dealer doesn't deserve two bites of the apple.

As to the point about down payments, a lease down payment is just an acceleration of payments. There's no good reason to prepay a lease unless you just like to pretend you're getting a better deal with the lower remaining payments.

Diamond Skyline · 09-09-2008, 08:21 PM

Quote:

Originally Posted by SteveMD

Wrong. The dealer can add 1% markup to the MF (0.0004).

Yes, I was reading a few other threads and was informed that the dealer is able to markup the money factor.. thanks for pointing that out, don't want to misinform people..

so to confirm, the money factors posted here on the forum for september/october will be the lowest possible?

Quote:

Originally Posted by SteveMD

Also incorrect. It has been discussed here several times. The insurance company will pay off the lease first on a totalled car. Any overage will come to you. You may not get it all back if the car is a couple of years old, bit you wouldn't either if you were financing.

Ok, I was unaware of this, I was always told to put the lowest amount down possible on a lease, and work the other factors of the deal to reduce the monthly payments

JackMac · 09-09-2008, 09:06 PM

Subscribed.

Diamond Skyline · 09-09-2008, 11:02 PM

Quote:

Originally Posted by JackMac

Subscribed.

i think this will be a very informative thread for those considering the purchase of the new 3-Series

crazyeyeskilla · 09-10-2008, 12:23 PM

Originally posted by Diamond Skyline: "Ok, I was unaware of this, I was always told to put the lowest amount down possible on a lease, and work the other factors of the deal to reduce the monthly payments"

You're spot on. Unless you plan to total the car and get some money back, give the leasing co. as little as possible upfront.

Diamond Skyline · 09-14-2008, 07:51 PM

now that the official 2009 lease rates are available we can finally get this thread going..

what is everyone paying?

vindicator · 09-20-2008, 04:44 PM

Looking at $300 above invoice with a MF of .000210. The manager was really pissed about giving me a deal like this...but he did it...fully loaded 2009 328xdrive.

Craig@SupremePower · 09-20-2008, 04:53 PM

Seeing as the sept rates came out so late in the month do you guys think that will effect when october rates come out??

vindicator · 09-20-2008, 05:29 PM

October Rates are out already. check www.bimmerfile.com

Craig@SupremePower · 09-20-2008, 05:31 PM

Ahhh so the current rates are sept/oct rates...gotcha!! Thanx man...

Quote:

Originally Posted by vindicator

October Rates are out already. check www.bimmerfile.com

pilipnoi · 09-24-2008, 01:40 PM

Well, maybe no one else leased their '09s, but I did, so I guess I'll be the first to go.

MSRP: $50,425.00
Negotiated Price: $48,095.00
Lease Term: 36 Months
Annual Mileage: 12k
Down Payment: $2,000.00
Residual: 62%
Money Factor: .00225

Monthly Payment: $636.51

I may not have gotten the best deal in the world, but it was the best price I got from all the dealers around me, and I'm fine with it

. Now we play the waiting game.....

Diamond Skyline · 09-24-2008, 02:12 PM

you got a great residual.. correct me if i'm wrong but the pdf files roaming around claim a lower residual for 36 month lease.. 62% is confirmed?

i will be going in saturday morning (hopefully) to place an order.. i will aim for the same residual

thanks for the post

pilipnoi · 09-24-2008, 02:29 PM

The pdf file is for 15k miles. You add 2% for 12k and 3% for 10k, at least that's what someone mentioned in another thread and that's also what the dealer told me. So for a 36 month lease you should be looking for 62%. I also showed him the money factor from the pdf (I brought the pdf with me) and he agreed with what I had since he had the same exact file in front of him as well.

Good luck with everything this weekend.

09-08-2008, 04:18 AM	#1
Diamond Skyline Lieutenant 57 Rep 568 Posts Drives: JDM Join Date: Jan 2008 Location: Boston iTrader: (4)	Please Post Your 2009 Lease Deals 10/21/08 - Admins, I would suggest making this post a sticky, there is a lot of useful information in this thread regarding the lease of an '09 E9x or even just leasing in general Hello Everyone, Seems that the 2009 E9x's are on the horizon with many people having placed orders or confirmed prior ones. Of course, as we all know, there have been price increases in nearly every option available and contradictions on the availability of the new iDrive on all E9x models. All that aside I wanted to get an idea of what to expect for monthly lease figures for the '09s, especially now that official 2009 lease rates are available!* Therefore, for those of you who have negotiated the purchase of a 2009 E9x could you please post the details of your deal, here's a template: MSRP: Negotiated Price: Lease Term: Annual Mileage: Down Payment: Residual: Money Factor: Monthly Payment: If we could keep this post strictly to the criteria above I believe it would be very helpful to those considering the lease of a E9x I myself will be placing an order in the weeks to come and will post my figures respectively Thank you everyone for their input. - Diamond Skyline Some useful hints when going to the dealership: - The dealer's invoice price is usually 93% of the MSRP* or you can calculate your own here: E90: http://www.bmwblog.com/docs/2009-e90-pricing.pdf E92: http://www.bmwblog.com/docs/2009-e92-pricing.pdf - It is possible to get close to invoice price even when placing a custom order, however it will require a little more effort - The dealer can control the money factor by raising it over the rate set by BMW NA but cannot control the residuals (correct me if I am wrong) as they are set in stone by BMW North America, therefore your best tool is working on the actual price of the car, don't get sucked into extending out the lease period or by reducing the annual mileage.. also on that note, from my experiences, 36 month and 42 month lease rates for September/October are better than 48/60 Month rates, so extending out the lease isn't always a good idea either! - If you calculate your own lease figures using Lease Guide (http://www.leaseguide.com/calc.htm) make sure they are consistent with what the dealer quotes you - Try to put the lowest amount possible as a down payment, you may not get it all back if something were to happen to your car Any other tips would be appreciated, happy shopping! __________________ '11 JCW Mini (Soon) '08 FX35 Sport (Current) '08 E92 M3 (Sold) '04 G35 Coupe (Sold) Last edited by Diamond Skyline; 10-22-2008 at 12:05 PM.. Reason: Make this a sticky
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09-08-2008, 02:41 PM	#2
Skywalker27617 Private First Class 7 Rep 155 Posts Drives: '14 435i Join Date: Jun 2008 Location: Raleigh, NC iTrader: (0)	I think most people are waiting for lease rates to come out. I have negotiated cost over ED invoice and the pricing will be applied against whatever the lease/financial rates will be. Also you will see a substantial delta in payments depending if one does ED or not. I am doing ED with $1000 over ED invoice and with whatever the official lease rate, residual, MF will be. Use one of the excel calculators avialable on the forum to calculate your lease payment. That way you will know exactly what you should pay, without suprises. Good Luck!
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09-08-2008, 04:12 PM	#3
crazyeyeskilla Private 0 Rep 57 Posts Drives: 09 335i xDrive on order ED Join Date: Jul 2008 Location: Centennial State iTrader: (0)	Same thing here - waiting for the new buy rates/residuals, but I have negotiated a lease at whatever the base buy rate and the std US MSRP residual will be for my ED. Pretty much told one local dealer that wanted to add to the buy rate to take a flying...(see below) Attached Images
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09-08-2008, 04:15 PM	#4
crazyeyeskilla Private 0 Rep 57 Posts Drives: 09 335i xDrive on order ED Join Date: Jul 2008 Location: Centennial State iTrader: (0)	By the way, not to promote another Bimmer blog, but this has always proven to be helpful and has the current month's base rates and residuals: http://www.bimmerfest.com/forums/sho...d.php?t=309657
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09-08-2008, 06:43 PM	#5
Diamond Skyline Lieutenant 57 Rep 568 Posts Drives: JDM Join Date: Jan 2008 Location: Boston iTrader: (4)	Adding to the post above (since there are no figures for 42 month leases) here is a PDF which has the September Lease Rates: http://www.bimmerfile.com/wp-content...w0908lease.pdf __________________ '11 JCW Mini (Soon) '08 FX35 Sport (Current) '08 E92 M3 (Sold) '04 G35 Coupe (Sold)
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09-09-2008, 05:01 AM	#6
Diamond Skyline Lieutenant 57 Rep 568 Posts Drives: JDM Join Date: Jan 2008 Location: Boston iTrader: (4)	Spoke to two different dealers in my area both of whom confirmed there will be no new iDrive on the E92s this season __________________ '11 JCW Mini (Soon) '08 FX35 Sport (Current) '08 E92 M3 (Sold) '04 G35 Coupe (Sold)
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09-09-2008, 06:21 PM	#10
crazyeyeskilla Private 0 Rep 57 Posts Drives: 09 335i xDrive on order ED Join Date: Jul 2008 Location: Centennial State iTrader: (0)	Exactly, so tell the dealer they're not getting your business if they try to mark up the lease above the BMWFS buy rate. They are already getting paid by BMWFS for your negotiated purchase price for the car - the dealer doesn't deserve two bites of the apple. As to the point about down payments, a lease down payment is just an acceleration of payments. There's no good reason to prepay a lease unless you just like to pretend you're getting a better deal with the lower remaining payments.
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09-09-2008, 09:06 PM	#12
JackMac Recovering BMW Addict 151 Rep 1,914 Posts Drives: <OO (\|\|\|)(\|\|\|) OO> Join Date: Nov 2005 Location: Southeast PA iTrader: (7) Garage List 2010 MINI John Coop ... [9.66]	Subscribed.
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09-10-2008, 12:23 PM	#14
crazyeyeskilla Private 0 Rep 57 Posts Drives: 09 335i xDrive on order ED Join Date: Jul 2008 Location: Centennial State iTrader: (0)	Originally posted by Diamond Skyline: "Ok, I was unaware of this, I was always told to put the lowest amount down possible on a lease, and work the other factors of the deal to reduce the monthly payments" You're spot on. Unless you plan to total the car and get some money back, give the leasing co. as little as possible upfront. Last edited by crazyeyeskilla; 09-10-2008 at 12:24 PM.. Reason: Quote problem
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09-14-2008, 07:51 PM	#15
Diamond Skyline Lieutenant 57 Rep 568 Posts Drives: JDM Join Date: Jan 2008 Location: Boston iTrader: (4)	now that the official 2009 lease rates are available we can finally get this thread going.. what is everyone paying? __________________ '11 JCW Mini (Soon) '08 FX35 Sport (Current) '08 E92 M3 (Sold) '04 G35 Coupe (Sold)
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09-20-2008, 04:44 PM	#16
vindicator balllllllllin 20 Rep 173 Posts Drives: 2009 335i xDrive Join Date: Jun 2008 Location: MI iTrader: (0)	Looking at $300 above invoice with a MF of .000210. The manager was really pissed about giving me a deal like this...but he did it...fully loaded 2009 328xdrive. __________________
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09-20-2008, 04:53 PM	#17
Craig@SupremePower G.O.A.T.! 1000 Rep 74,998 Posts Drives: '18 GMC Yukon XL Join Date: Mar 2008 Location: New Jersey iTrader: (14)	Seeing as the sept rates came out so late in the month do you guys think that will effect when october rates come out??
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09-20-2008, 05:29 PM	#18
vindicator balllllllllin 20 Rep 173 Posts Drives: 2009 335i xDrive Join Date: Jun 2008 Location: MI iTrader: (0)	October Rates are out already. check www.bimmerfile.com __________________
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09-24-2008, 01:40 PM	#20
pilipnoi Lieutenant 30 Rep 478 Posts Drives: '09 335i Sedan Join Date: Sep 2008 Location: Edison, NJ iTrader: (7)	Well, maybe no one else leased their '09s, but I did, so I guess I'll be the first to go. MSRP: $50,425.00 Negotiated Price: $48,095.00 Lease Term: 36 Months Annual Mileage: 12k Down Payment: $2,000.00 Residual: 62% Money Factor: .00225 Monthly Payment: $636.51 I may not have gotten the best deal in the world, but it was the best price I got from all the dealers around me, and I'm fine with it . Now we play the waiting game.....
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09-24-2008, 02:12 PM	#21
Diamond Skyline Lieutenant 57 Rep 568 Posts Drives: JDM Join Date: Jan 2008 Location: Boston iTrader: (4)	you got a great residual.. correct me if i'm wrong but the pdf files roaming around claim a lower residual for 36 month lease.. 62% is confirmed? i will be going in saturday morning (hopefully) to place an order.. i will aim for the same residual thanks for the post __________________ '11 JCW Mini (Soon) '08 FX35 Sport (Current) '08 E92 M3 (Sold) '04 G35 Coupe (Sold)
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09-24-2008, 02:29 PM	#22
pilipnoi Lieutenant 30 Rep 478 Posts Drives: '09 335i Sedan Join Date: Sep 2008 Location: Edison, NJ iTrader: (7)	The pdf file is for 15k miles. You add 2% for 12k and 3% for 10k, at least that's what someone mentioned in another thread and that's also what the dealer told me. So for a 36 month lease you should be looking for 62%. I also showed him the money factor from the pdf (I brought the pdf with me) and he agreed with what I had since he had the same exact file in front of him as well. Good luck with everything this weekend.
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