Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
The car that I looked is specifically a 2011 128i Coupe, with only the automatic transmition, not even the mettalic paint. So the price of the vehicle was at 31,400.
Dealer then gave me a discount of $1,200, bringing the price down to $30,200.
I have an offer from a Miami Dealer, of $396/month including tax, giving $2,500 up front (which include the inceptions).
A friend of mine said that i could fight over the inceptions, so I could give less money down.
How does this deal sound to you guys?
and again thank you so much for the help.
If you shop around or haggle some more with this dealer, you might be able to shave another couple hundred dollars off of this deal, but again it's not bad.
Just make sure that the dealer is using BMW Financial Services' buy rate lease money factor to calculate your payment and you're in business.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I don't think BMW has a wheel and tire warranty, that is something the dealers foist on customers for extra profit. Depending on which tire blew and which tires came on the car, you could buy a replacement from TireRack for $275 to $340 - so a whole new set of 4 for less than you paid for the warranty. I would think a new tire with 2k on should not blow and the manufacturer should replace it under warranty as defective - unless you ran over something the blew the tire out.
I wish BMW would give us the option of a spare and normal tires - the run flats are way too much of a compromise in comfort and performance compared to the best "air required" tires.
They waive this for "free" for current and past BMWFS customers, but I am not sure how recent of a customer you need to be to qualify.
Obviously, you are better off making the deposit..
Not sure of how recently you have to be a customer, but for most other issues, it's between 60 days and 6 months...
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Maybe you or someone else could point to a BMW dealer that lets you have the buy rate, does not mark up the acquisition fee, and has a reasonable doc fee?
I have leased BMWs before, but this time every dealer I talk with is doing about a point over buy rate, jacking up the bank fee (by as much as $300), and has a $400 or more doc fee. They offer discounts ranging from $800 to $2,400 off MSRP (so far), but when you factor in the inflated numbers this deals are really not that hot. This is for an ordered 135i coupe - on a loaded up car the inflated MF alone is $30 or more a month on the payment (tax included) or over $1k on the term of the lease. If I have to travel too far or have to the car hauled to me, then I might as well pay the rip off inflated rate...
Thanks,
Chintan
Corporate Communications
Edmunds.com
MODERATOR /ADMINISTRATOR
Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.
Share your vehicle reviews
Anyone have August 2010 residuals and money factors for 2011 1 series yet?
Is your dealer marking up the MF on your deal? Every one I talked to so far is adding nearly a full point to the buy rate.
"36-month lease well-equipped at $419*/month, Vehicle Registered outside N.Y., $419 First months payment, $3,000 Down payment, $450 Security Deposit, $725 Acquisition fee, $4,594 Cash due at signing. Monthly lease payments of $419.00 for 36 months based on MSRP of $44,750.00. Vehicle may need to be ordered. Total lease payments are $15,084.00. Excludes tax, title, license, acquisition and registration fees. Rates are based on Super Elite/Elite/Standard credit tier level."
"At lease end, lessee will be liable for disposition fee ($350.00), any excess wear and use as set forth in the lease agreement and excess mileage charges of $.20 per mile for miles driven in excess of 10,000 miles per year. Purchase option at lease end for $29,535.00 excludes taxes. Lessee acquires no ownership interest unless purchase option is exercised."
Black Sapphire Metallic, Black Boston leather, Glacier Silver Aluminum trim, 7-speed DCT, M Sport Package, Premium Package, Value Package, Heated front seats, Harmon Kardon surround sound system and Satellite radio for 1 year.
$781 out of pocket (includes tax, all fees, plate transfer and first months payment) 36 month lease with 10,000 miles per year. Payment is $531.82 a month.
Not bad in my mind, especially since it includes all maintenance and a tire/wheel warranty at no extra charge.
I really hope for help. I currently need second car, and was thinking about buying with CarMax (I've been their customer with quite few cars, and though, not perfect, they are decent choice) financing for 60 months, but then new deal for 135i coupe:
2011 128i Coupe Lease Offer
36-month lease well-equipped at $399*/month. $0 Down payment & includes a Holiday Credit of $1,500
Vehicle Registered outside N.Y.
• $399 First months payment
• $0 Down payment
• $0 Security Deposit
• $399 Cash due at signing
I am in Los Angeles. This information is from http://www.bmwusa.com/Standard/Content/FinancialServices/LeaseOfferDetail.aspx?e- - nc=QNzH/2RcovwrhE0mqkpggw== (BMW USA, so I think I can find this deal at local dealers w/o big problems).
Anyhow. I am very confused at what I am looking.
Let me try to break it down to see if I am right. Please, correct me.
Initial cash due is $399.
license and registration fees for ~35K car will be around ~$500.
First payment is $399 + tax (9.25%) = ~$440.
GAP coverage (have no idea, but as I recall it's between 500-800, so I'll assume the highest one) = ~$800
TOTAL AT SIGN UP: ~$2150
What else? Did I miss something?
Now, the monthly payments are $399 + tax (9.25%) = ~$440.
So, TOTAL EVERY MONTH: ~$440
Now, closing costs.
I think I need 12-15k/year, but it's only 10k/year provided, with $0.20/extra mile.
So, let's say I am not going to get their "plan" with extra miles.
Okay, so I'll just calculate that "extra".
Extra miles 5k/year * 3 years = 15K * $0.20 = $3000.
Disposition fee $350.
Tear and wear ???? -- how much this could be? What they are going to charge for? I never leased, so I have zero experience. Is it bad? How bad it could be?
Also, I heard that after lease ends dealer can sell the vehicle for less than actual bank owned money, so they can put charge on me (lesee!!) -- but not more than three monthly payments -- is that correct? Is it true? So it possibly (I am just assuming the worst) might be $440 * 3 = $1320.
---
To crown it all, it might be $2150 at the beginning, $440 per month for 36 months, and at max $4670 at the end. So, the total loss is about ~23K for 36 months, so less than $8K/year which looks pretty decent choice for driving new BMW.
What do you think? Can you help me? Guide me?
P.S. I also wonder how much would be the maintenance over those 36 months? If splitted the cost of maintenance over the period -- how much per month? Or at least for whole 36 months?
"Wear and tear" can be for anything such as chips on the windshield in the line of vision which are of a certain size but this would be offset if your car insurance includes windshield replacement for such things. Other things are car dents or scratches which are quite large, leather or dashboard material damages of a certain size, replacemnt of warn tires (their fee is $200-400 per tire but is usually less than if you go to a tire store), bumper damage from scraping over parking space cement stops (which can be $300-$400), etc.
BMW is much more lenient and will let many or most of these things go if you are going to lease or buy with them again after the conclusion of your lease, and then too, there is no disposal fee.
Audi's disposal fee is about the same, in contrast to $600 disposal fee with Mercedes and "0" fee with Infiniti leases.
Hope this helps.
2011 BMW 128i, 6 speed automatic, moonroof, bluetooth, and iPod connector.
36 month lease, 12k miles/yr, $2200 down (includes first month, registration, taxes) and $420 per month?
MSRP is around $34k, they dropped it to $32k plus and additional $1500 holiday credit.
So, how should I push back on this? The acquisition fee seems bloated ($925), and there is a "rent charge" of $4,478. Is that negotiable? What would be a more reasonable down payment and monthly fee on this?
Here are some more specifics:
Gross cap cost: 33,725.00
Residual: 21,856.00
Thanks!
Better yet, on this board or other Carspace lease forum, address your specific lease questions in the subject line to "Car_man" who is the lease guru. It may take him several days to respond to your post but he'll guide you to the best lease deal better than most of us will.
When negotiating your lease on this car, make sure to take advantage of the $1,500 cash incentive that is currently available on leases of it.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
MSRP: 39950 (incl destination)
CAP cost 35, 200 (incl 1500 BMW cash)
residual 64%
MF .00210
36 months
10k/year
acq/first month up front (no extra cap reduction/cash)
payment 405 plus tax/ month
Do the MF and residual numbers look like they are aggressive? i'm top tier credit too.
thanks!!!
Now let's take a look at this car's selling price. Including the $1,500 cash incentive, this car probably has a spread of around $4,600 between its full MSRP and its dealer invoice price. That's right around the discount that you were quoted, so this is a very good selling price.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks for all of your great advice!
I would like your opinion on a 2011 BMW 128i coupe with an MSRP of $32,700 I am thinking of leasing.
I have been offered a MF of .00125 and a residual rate of 56% for a 36-month lease with 15,000 miles per year. We've agreed on a purchase price of $30,800, resulting in monthly payments of $455 including taxes and $0 down, $0 first month's payment (the $1,500 holiday rebate is applied to the up-front costs).
What do you think of this deal?
Thanks!!
The car that you're interested in probably has a spread of around $2,500 between its full MSRP and its dealer invoice price. The $1,900 dealer discount that you were quoted is probably around $600 over invoice, which isn't bad...especially after considering the fact that the dealer is not trying to mark your car's money factor up on you like BMW dealers often do.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
BMW is running a special this month that drops this factor to .00090 for returning customers.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The money factor for loyal BMW customers drops to .00105.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
What is the March residual value and MF for a 128 convertible, 10k miles per year, 36 & 24 mo. leases ?
Thanks!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical 36 month lease are .00120 and 59%.
BMW is reducing its factors by .00030 for loyal customers.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
If I put down the maximum security deposit for a 128 coupe or 135 coupe, what's the new MF I'll be looking at?
I don't believe the rest matters, but it's 12k/year 36 months.
Also, I live in NY and from what I understand, you can't do maximum security deposits here. If I lease the car in NJ or PA, will I be good?
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Lower this factor by .00030 for loyal customers.
I believe that you can lower it by .00007 for every additional security deposit that you make, up to a maximum of seven. That's what the MSD program was like the last time that I checked. I'm not sure if the MSD restriction applies to the state that the vehicle is leased in or your place of residence, but I suspect that it is the latter. If that is the case, then you wouldn't be able to take advantage of it
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Can we get info on the April program please? For the 128 convertible, 10k miles/year what is the best lease deal right now? Can I please have the residual and MF for 24 months, 36 months and if they have a 27 mo. or 39 mo. deal that too please?
Are their any incentives or dealer cash?
Thank you so much for your help - Im going to make a decision this week and the info you provide makes it easy and makes me confidant that I'm making a good deal. I really appreciate it!!!
The numbers for an otherwise identical 36 month lease are .00120 and 59%.
The money factors for loyal customers are .00030 lower.
I don't believe that BMW is running 27 or 39 month leases on this car right now.
BMW is currently providing $1,000 dealer cash on this car.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I negotiated a fair selling price but when I go to negotiate the lease terms the dealer is adding on a "bank fee" of $725. What is this? Is it non-negotiable like a destination fee or is it a silly dealer trick?
Just about every bank charges an acquisition fee on a lease..
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator