2005 545i Leasing info
02-22-2005, 06:01 AM
#11
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Originally Posted by sspyder' date='Feb 20 2005, 12:24 PM
Well the way i figure it, getting the cap cost down a bit will save me some money in the long run... Is this wrong?? Every website i've read said that getting your cap cost down is key to a good lease.? That wrong too?
[snapback]92417[/snapback]
Sure getting the cap cost down is a good idea, I just don't think you should do it by throwing money at it. With any new car deal, you should always be looking at dollars over invoice. Negotiate that first -- lease or buy. Once you have that agreed upon, all the other numbers can be calculated...
Originally Posted by doctors4bob' date='Feb 22 2005, 09:30 AM
Never put anything "down" on a lease.? You are just giving the finance company money that you would otherwise pay over time.? In other words, you lose the use of that money for 3 years in one chunk instead of paying the extra per month cost.
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02-22-2005, 03:35 PM
#12
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Here's what you need to find out to determine if the lease is any good.
1. MSRP of the car
2. Negotiated price of the car(Price over invoice)
3. Residual of the car after end of lease.
4. Money Factor. (interest on the rent)
5. Fees such as Bank acquisition fee and sec. deposit.
Once you get those numbers, then its easy to tell if its a good deal or not.
Like many said, don't get the cap cost down by putting money down. Get it down by negotiating for a lower price.
The dealer buy rate on the Money Factor on a 545i right now is at a ridiculously low .001(2.4%). Residuals are at 59%(3/15k), 61%(3/12K), and 63%(3/24K). These are good for the month of Feb. You can lock these rates from BMWFS after approval for 60 days, usually.
Whether your dealer will pass on that buy rate or pad it is also negotiable.
1. MSRP of the car
2. Negotiated price of the car(Price over invoice)
3. Residual of the car after end of lease.
4. Money Factor. (interest on the rent)
5. Fees such as Bank acquisition fee and sec. deposit.
Once you get those numbers, then its easy to tell if its a good deal or not.
Like many said, don't get the cap cost down by putting money down. Get it down by negotiating for a lower price.
The dealer buy rate on the Money Factor on a 545i right now is at a ridiculously low .001(2.4%). Residuals are at 59%(3/15k), 61%(3/12K), and 63%(3/24K). These are good for the month of Feb. You can lock these rates from BMWFS after approval for 60 days, usually.
Whether your dealer will pass on that buy rate or pad it is also negotiable.
02-23-2005, 08:04 AM
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[quote name='arnolds' date='Feb 22 2005, 07:35 PM']
Arnold:
In your message, you note the current money factor on a lease is .001....if this is correct, this is quite a drop from last month's money factor of .00125, no?....if such is the case, and I have my car on order but have not picked it up yet (not for a few more weeks), should I expect to be able to negotiate my monthly payment lower with my sales rep?
Thanks
Arnold:
In your message, you note the current money factor on a lease is .001....if this is correct, this is quite a drop from last month's money factor of .00125, no?....if such is the case, and I have my car on order but have not picked it up yet (not for a few more weeks), should I expect to be able to negotiate my monthly payment lower with my sales rep?
Thanks
02-23-2005, 08:09 AM
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Originally Posted by elchevere' date='Feb 23 2005, 10:04 AM
[quote name='arnolds' date='Feb 22 2005, 07:35 PM']
Arnold:
In your message, you note the current money factor on a lease is .001....if this is correct, this is quite a drop from last month's money factor of .00125, no?....if such is the case, and I have my car on order but have not picked it up yet (not for a few more weeks), should I expect to be able to negotiate my monthly payment lower with my sales rep?
Thanks
Arnold:
In your message, you note the current money factor on a lease is .001....if this is correct, this is quite a drop from last month's money factor of .00125, no?....if such is the case, and I have my car on order but have not picked it up yet (not for a few more weeks), should I expect to be able to negotiate my monthly payment lower with my sales rep?
Thanks
[snapback]93547[/snapback]
Here's the link where I got the lease info.
http://forums.roadfly.org/forums/fin...6225413-1.html
02-23-2005, 10:40 AM
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Arnold:
You are the man...thanks for supplying the link to that site--will definitely help me lower my already low monthly rate I negotiated with dealer.
One final question: care to estimate how much money a drop from a .00125 (Janaury) to a .0010 money factor translates into....i.e. $ 600....$ 700??? on a 36month/12K mile lease.... Thanks, again, for all your help.
El Chevere
You are the man...thanks for supplying the link to that site--will definitely help me lower my already low monthly rate I negotiated with dealer.
One final question: care to estimate how much money a drop from a .00125 (Janaury) to a .0010 money factor translates into....i.e. $ 600....$ 700??? on a 36month/12K mile lease.... Thanks, again, for all your help.
El Chevere
02-23-2005, 12:52 PM
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Originally Posted by elchevere' date='Feb 23 2005, 12:40 PM
Arnold:
You are the man...thanks for supplying the link to that site--will definitely help me lower my already low monthly rate I negotiated with dealer.
One final question: care to estimate how much money a drop from a .00125 (Janaury) to a .0010 money factor translates into....i.e. $ 600....$ 700??? on a 36month/12K mile lease.... Thanks, again, for all your help.
El Chevere
You are the man...thanks for supplying the link to that site--will definitely help me lower my already low monthly rate I negotiated with dealer.
One final question: care to estimate how much money a drop from a .00125 (Janaury) to a .0010 money factor translates into....i.e. $ 600....$ 700??? on a 36month/12K mile lease.... Thanks, again, for all your help.
El Chevere
[snapback]93612[/snapback]
About 25-35 bucks a month on a 545i with an MSRP of 67K and paying full price for it.
Its going from a 3% rate to 2.4% rate.
!
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