BMW Lease Options
11-28-2008, 09:55 AM
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Lease on my 550 up in March and I am planning to lease a new 550'
Couple of questions:
- Is it still true that you can leave multiple security deposits in lieu
of down payment and if so what are the details. Has anyone had any
experience with this approach and is it worthwhile?
- Does the dealer have any say on the money factor and if so can one
negotiate the lease rate with the dealer?
- Can one be pre-approved by BMW for a lease before one goes to
the dealer(s) to negotiate a deal?
- If one signs up for a BMW credit card, what is the discount likely to be
on a loaded 550 and what are the restrictions/catches?
- given the state of the economy, has anyone foundthat dealers are willing
to discount more than usual (below $1000 over invoice) and is that true
for an ordered 2009?
I have leased with BMW many times, but have never addressed these issues.
Any info or advice would be appreciated.
Couple of questions:
- Is it still true that you can leave multiple security deposits in lieu
of down payment and if so what are the details. Has anyone had any
experience with this approach and is it worthwhile?
- Does the dealer have any say on the money factor and if so can one
negotiate the lease rate with the dealer?
- Can one be pre-approved by BMW for a lease before one goes to
the dealer(s) to negotiate a deal?
- If one signs up for a BMW credit card, what is the discount likely to be
on a loaded 550 and what are the restrictions/catches?
- given the state of the economy, has anyone foundthat dealers are willing
to discount more than usual (below $1000 over invoice) and is that true
for an ordered 2009?
I have leased with BMW many times, but have never addressed these issues.
Any info or advice would be appreciated.
11-28-2008, 09:30 PM
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My Ride: 07 550 i, mystic blue, black leather, cold weather package, nav, sport, shades, bags, rear heat, V1 hardwired.
05 F350 TD Crew Cab
04 Range Rover HSE
91 964 C4 Cabrio
07 997 Turbo Cabrio
Woody,
I can answer a few of your questions based upon my experience. First, I find the advantage of leasing over owning to be getting smaller, unless you can deduct a higher portion of the payment from your taxes. Second, if you lease through BMW credit, I do not think the dealer can change the rate. Third, I leased my BMW by getting approved on line first, then built the car on line, and sent the spec sheet to multiple dealers to get the best price and the earliest build date. With the economy, I think you will find dealers falling all over themselves to get you the best price. I would also tell you to look close at the paper work on the lease vs buy option. as I said, the advantages are getting slimmer.
Hope this helps.
I can answer a few of your questions based upon my experience. First, I find the advantage of leasing over owning to be getting smaller, unless you can deduct a higher portion of the payment from your taxes. Second, if you lease through BMW credit, I do not think the dealer can change the rate. Third, I leased my BMW by getting approved on line first, then built the car on line, and sent the spec sheet to multiple dealers to get the best price and the earliest build date. With the economy, I think you will find dealers falling all over themselves to get you the best price. I would also tell you to look close at the paper work on the lease vs buy option. as I said, the advantages are getting slimmer.
Hope this helps.
11-29-2008, 08:02 PM
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My Ride: 2007 BMW 550, Sport, Navi, PS, CWP, Sirius
Originally Posted by studavis' post='734007' date='Nov 29 2008, 01:30 AM
Woody,
First, I find the advantage of leasing over owning to be getting smaller, unless you can deduct a higher portion of the payment from your taxes.
Hope this helps.
First, I find the advantage of leasing over owning to be getting smaller, unless you can deduct a higher portion of the payment from your taxes.
Hope this helps.
11-29-2008, 08:06 PM
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My Ride: 2007 BMW 550, Sport, Navi, PS, CWP, Sirius
Originally Posted by WOODYBROWN' post='733604' date='Nov 28 2008, 01:55 PM
Lease on my 550 up in March and I am planning to lease a new 550'
Couple of questions:
- Is it still true that you can leave multiple security deposits in lieu
of down payment and if so what are the details. Has anyone had any
experience with this approach and is it worthwhile?
- Does the dealer have any say on the money factor and if so can one
negotiate the lease rate with the dealer?
- Can one be pre-approved by BMW for a lease before one goes to
the dealer(s) to negotiate a deal?
- If one signs up for a BMW credit card, what is the discount likely to be
on a loaded 550 and what are the restrictions/catches?
- given the state of the economy, has anyone foundthat dealers are willing
to discount more than usual (below $1000 over invoice) and is that true
for an ordered 2009?
I have leased with BMW many times, but have never addressed these issues.
Any info or advice would be appreciated.
Couple of questions:
- Is it still true that you can leave multiple security deposits in lieu
of down payment and if so what are the details. Has anyone had any
experience with this approach and is it worthwhile?
- Does the dealer have any say on the money factor and if so can one
negotiate the lease rate with the dealer?
- Can one be pre-approved by BMW for a lease before one goes to
the dealer(s) to negotiate a deal?
- If one signs up for a BMW credit card, what is the discount likely to be
on a loaded 550 and what are the restrictions/catches?
- given the state of the economy, has anyone foundthat dealers are willing
to discount more than usual (below $1000 over invoice) and is that true
for an ordered 2009?
I have leased with BMW many times, but have never addressed these issues.
Any info or advice would be appreciated.
2. The dealer may try to mark MF up. You should never agree on it.
3. Do your own math
4. Please try and let me know.
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