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The lease special currently on the 128 is $287/mnth w/ 10k and manual. I would like power seats ($975) automatic trans ($1200) and $15k. What would I expect to be paying monthly for this vehicle? :confuse:
who has this "special"?
thanks!
128 couoe not automatic and 10k mikes a year for 24 mths
$287/mth
i was also quoted for a 128 convertible that was on ebay today. this car has a msrp of $41000. he said with just first and inception $687/mth for 24 mths and 12k miles a year
im am gonna wait till this summer and then i feel bmw will put a good program on these cars
That aside, I would happily pay $287 per month for 10K and 24 months but I'm willing to wager that the cash down would be in the $5K vicinity. Bart :shades:
BTW: For comparison, I'm presently leasing an Infiniti M35 with everything ... $51K msrp that I took when that car first hit the market exactly three years ago this week. With $2,500 cash down my lease is $600/month. Now shopping for the next car.
constructive we can both benefit! I have been doing extensive research and
I would need certain factors to proceed ie low money factor, high
residual, capitalized cost reduction, start negotiations at invoice price
etc...
Dealer response!!!
Thank you for your consideration. Rates and residuals are set by BMW and vary from model to model. The lower the miles allowed per year (10K) the higher the residual will be. Capitalized cost reduction is at your option. No one negotiates on a 135i and as for the 335i, I have a little wiggle room from MSRP. Invoice is not a starting point for negotiations.
2. 335's are available at 500-1000 over invoice anywhere
3. 135's are just ugly IMO (and to MANY others) - the ride and drive is similar to a Ford Mustang
4. lots of dealers have 135's on the lot that are NOT selling (too ugly, too rough, too crude and too close to a 335 in price)
We love dogs also, as an aside. Dealers are, by nature, lower than dogs in the food chain. They have something we hanker ... their vehicle. We have something they crave ... our dollars. Any dealer who says he's not willing to negotiate is a liar ... and on his way to losing his young franchise. Bart :shades:
As far as how much you will have to pay at lease signing to lease a BMW goes, I always advise consumers to pay as little as possible. It is not really a good idea to make a large capitalized cost reduction when leasing. Consumers who make one risk losing part or all of it if their vehicle is totaled in an accident or stolen and never recovered. You would be better off not making any sort of cap cost reduction on your lease, even though it means that your monthly payment will be a little higher. All you have to pay at signing on a lease through BMW FS are your car's first month's payment, its $625 acquisition fee, a security deposit that's equivalent to your monthly payment rounded up to the nearest $50 increment, and any state taxes or fees. You can even roll the acquisition fee into your car's capitalized cost to make it part of your monthly payment if you want. Also, BMW FS will waive its security deposit requirement in exchange for an increase of .00015 in the money factor that's used to calculate your car's payment.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Was it a good deal? :confuse:
You obviously have had a bad experience with someone buying a car. I'm sorry that's happened. Please don't paint us all with your giant brush.
I would love to hear from the hosts, but please post if you had any recent experiences with leases?
Thanks!
128i 'vert for June
24 Month – Residual 73% of MSRP – .00263 Base Rate
36 Month – Residual 60% of MSRP – .00263 Base Rate
48 Month – Residual 47% of MSRP – .00263 Base Rate
60 Month – Residual 38% of MSRP – .00263 Base Rate
Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
If you choose to lease this car through BMW Financial Services, you will have to use its standard lease program. BMW FS' standard lease money factor varies by region, but it is probably around .00270 on average right now. Its 36 month, 15,000 mile per year residual value for the '08 i35i Convertible is 56%. This residual is 2% higher on leases with only 12,000 miles per year.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Our dealer has two '08 135 convertibles left
MSRP on one is $49,500 (loaded) - it was a demo - has 5,000 miles on it
MSRP on the other is $45,000
Looking to put the minimum down on a 36mo, 15K lease
Any thoughts on what we should be paying?
Once you have a selling price, let me know and I would be happy to crunch some numbers for you to give you an idea of what sort of monthly payment these cars will have.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
This is what i just got:
135i Steel Grey
Premium Package
Sport Pack (includes M steering)
Navigation
Heated Seats
Xenon Lights
Ipod Package
compass
$453 per month + Tax with Approx $3500 down
By the way....I live in LA and everyone is driving a 3 series so there is a bit of the rareness factor - secondly...the car drives like a beast so the ugliness is not an issue for me
This is Paul a newbie to this forum. I live in the Bay Area. My lease on a 2007 Z4 will be up in a couple months, and I'll be looking forward to leasing a 1 series coupe, premium, sport, blue-tooth, stick shift, minimum down payment, 10K miles a year, 24 months. Anyone has an idea what would be approximate monthly payment? Thanks in advance for chiming in.
Wishing you all a Happy New Year!
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Is the above what you paid for the 135 or ? My car lease is up next month and am looking at either getting another Audi or leasing a 128 or 135 convertible. I would love to know what people are paying for their leases. I am in Los Angeles also.
Thanks!
Thanks for the response. From both Edmund's New Car Pricing, such a 2009 car with the options I like (manual, black sapphire metallic, sport, premium, heated front seats and steering, bluetooth, destination charge) is quotaed at $42,875 (MSRP) and $39,445 (invoice).
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Anybody seeing this too?
Sweetheart deal I think on a $50K rig.
Having said this, vehicles' actual selling prices usually trend downward as the model year progresses.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Its a 2008 135i convertible. Pretty much loaded. Dealer says lease rates are much better on the 2008's. They have located the car I wanted (options, colors, etc.) at another dealership.
What they are offering:
MSRP $50,950 - I confirmed this on Edmunds.com
Negotiated Price $47,800
Cost to ship to my local dealer is included in neg. price. (i think they said $500.00)
Money Factor .0007
36-month, 10,000 mile (3rd car wont be driven great amount)
Residual 59%
Out of pocket at signing... $1,643.00. First month. + doc fees+security deposit + misc. Security deposti of $700.00 seems high?
They are charging me $925 acq fee from BMFS!!!??? Is this legit. Can I get them to waive or further drop the negotiated price. Didn't look like there were many customers around last week.
Is this a good deal. Seem like it if I compare to MF/residual guidelines and other deals I am seeing.
Any help/advice is appreciated.
the dealer's price with options is $38,900.
The Edmunds skinny is :
- $35,050 Invoice,
- $37,286 TMV
I would like to get the payment to $520/mo or less. I have great credit.
I live in Memphis, Tennessee. The dealer here has no competitors.
1) is this monthly payment possible?
2) if possible, what do I need to challenge them on? (right now they are quoting $575/mo) - price, money factor, all above?
Is a longer term lease the option?
if they won't negotiate, and if you think this payment (or a lower one) is possible what should I do as a next step? Look in neighboring states?
What about the BMW select finance option (low payment but balloon at the end)?
Cheers :confuse:
I can't get their numbers to work.
MSRP - $38,000
Selling Price - $35,720 (the 6% they claim that is all they can remove out of the price)
Money factor - "295". Waiting for them to clarify if this is .00295 or 2.95%
Residual - 40%
lease term 60 months
The price they state is $646 per month. When I run this in lease calculators I get a sub-$500 number. I'm sure there are bank fees, etc they aren't telling me about and I am looking for some insight as to what they are liable to come back with.
Also, how is it they can't 'get below $646' but Volvo can offer a C70 for the same term length, $42000 MSRP, $36000 Selling Price for $525?
I like both cars but the BMW is a little more sporty and may suit me a little more.
What am I missing? What do I need to ask them? Are the numbers above correct? Where can I challenge them to drive more out of the price?
One final note, when I built this car at bmw usa online, they have an option BMW Select that returns a payment of $496. But the dealer says over $700. Seems a bit like false advertising.
As mentioned above I'm in Memphis (tax is 9.25%). Should I look outside the city? State?
Can someone please help?
The banks for BMW and Volvo made leasing really unattractive. Low residuals and lots of up front fees drove the price up and dealers can only take so much out.
The BMW Select program gives a payment like a lease, but at the end you have to either pay the balloon (residual) or finance the balloon so it's a gamble if the car is not good at retaining value, but leases are too. At least in this option, you are buying the car and the rates were much better. Plus they are paying the first two months. And it came with 4 years maintenance.
I was able to build my own car online at bmwusa.com and get to different price points which returned the payment. It made a big difference because the dealers had no choice but to get there. Apparently the online site doesn't put in a lot of dealer markup so it gives you some leverage.
In the end they make money I got the car at the price I was willing to pay. Econ at work.
*Numbers curtesy of Leasecompare via bimmerfest.com
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
If you are a returning leasee, I believe there may be some loyalty cash available.
You can try reading this
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
they have strong residuals (50% +) on 36 month standard leases and i've been checking on a forum and the last 4 months have seen high 260-280 lease rates on this car...
all in all even with nothing out of pocket except bank, sec, first, and taxes rolled into payment you are taling 650+ on a loaded 135 convertible which is crazy for a sub 50k car car.
any info on 3rd party MF for this car??? if the money factor was more appealing it would be worth it. i'd rather wait till either the MF comes down or another car piques my interest since money is very cheap now and 6.5% interest rate on a lease is highway robbery in my book. this is by no means an "exotic" car or something special like an s5 or r8 that dictates such a high money factor.
MSRP 32450
selling 30450
$437/month inlcuding tax for 10K 36 months
zero down
is this a good deal?
What is the current residual, money factor for 36months/10k miles? location is CA
for:
128i Coupe
135i Coupe
Thanks!
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
BMW Financial Services' April buy rate lease money factor and residual value for a 36 month lease of a 128i Convertible with 10,000 miles per year are .00225 and 62%, respectively.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I drove both and although both are beautiful, I chose the 135i because it was faster, better handling, nine inches shorter and better looking, IMO.
The reason it may not be selling as well in certain areas, is because it definitely is a luxury item. In this economy, many people are looking to be practical and cannot or will not consider a fun, weekend car.
By the way, I have met some sleazebag salesmen. However, many of the sales people I've dealt with are actually quite decent and helpful. You need to do your research and be knowledgeable about the vehicle you are intending to buy. Don't expect the salesperson to feed you unbiased information. After all, they need to make a living, too.
Any incentives from BMW to the dealer?
I was quoted:
MSRP: 50778
Cap: unknown
MF: .0025
drive off 3800
36 months 30,000 miles total
608+ tax
sounds pretty high to me.
Please help
Car_man
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I am getting ready to lease a 2009 128 convertible. I am aware of the $750 cash incentive for the lease. Are there any other incentives I should be looking for? Is invoice an appropriate price at the current time? I have not seen many postings about this car, so any help is appreciated. Thanks
As far as how much you should pay for this car goes, I am not intimately familiar with what the market is like for it right now. You may be able to get an idea of how much you should pay by visiting the "BMW 1-Series Prices Paid and Buying Experience" discussion.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I just left a BWW dealership in Boston. I was trying to lease a 128i convertible with automatic, heated seats and iPod. MSRP $37,025, Sale price, $34,750 they wanted $3,880 down (cap cost reduction) plus all fees, (PDI, Training, MACO) and taxes, he said my cost would be $330 a month plus taxes with 10k miles a year. I know you guys say never to pay cap costs and I really wanted 15k miles a year. He would not give me residual. or MF so I just left. Can you tell me what I should be paying a month without the capital cost reduction? I have also read on here there where security deposits I can pay to lower the monthly payment instead of a capital cost reduction, do you recommend that?
Thanks so much,
Keith