BMW lease rates
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My Ride: 2007 Titanium Gray 550i, with sport, nav, HUD, Logic7, sat radio, cold weather, rear side airbags, rear seat heaters, and it goes like a bat outta hell!
Has anyone had a discussion about lease rates with their dealer lately? The lease rates that Leasecompare.com has posted in a sticky above are NOT what my dealer is telling me are available. At this point I'm leaning towards buying not leasing because the rates are not that great. Anyone buying or looking lately have any info? I picked up my car last Friday, but I haven't really paid for it yet!!
TIA for any info
TIA for any info
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My Ride: 530i 6 speed
I also did not get what was posted here what I got my car last Friday. The money factor was slightly worse and they showed me a BMW printout with it. I will look it up. The residual posted here was correct.
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My Ride: 2007 Titanium Gray 550i, with sport, nav, HUD, Logic7, sat radio, cold weather, rear side airbags, rear seat heaters, and it goes like a bat outta hell!
Originally Posted by drjochen' post='276564' date='May 1 2006, 11:43 AM
I also did not get what was posted here what I got my car last Friday. The money factor was slightly worse and they showed me a BMW printout with it. I will look it up. The residual posted here was correct.
Did you end up leasing?
How are you liking your car??
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My Ride: 2007 530xi Silver Grey over Black Dakota with Sport, Premium, Cold Weather, Comfort, NAV, Logic 7, Sirius, 18" 123s.
Current:
2006 Lexus GX 470
2005 SLK 350
No Longer With Us:
BMW 330xi; Mini Cooper S; Infiniti FX45; every Audi imaginable; various others
I just got back from a visit with my dealer to discuss payment options on my '07 530xi which is arriving at the dealer tomorrow. I planned on buying because I always feel like I am getting hosed when I lease. The woman in the "business office" got me on the phone to talk about options, including a lump sum payment lease for either 2 or 3 years. She said they had good lease deals on these. I was interested because, despite my best efforts, I usually weaken after 2-3 years and want a new car.
Anyway, the deal I was offered was:
24 month lease at $27,893 with 10K or $28,493 with 12K
36 month lease at 38,301 with 10K and $38,899 with 12K
Stated money factor was .00270 vs. standard money factor of .00350
On the surface, this sounds like a terrible deal for me, but I lack the mathematical ability to calculate exactly how badly I am getting hosed (though I am confident I am!). Indeed, I can't even get her math to work out.
Think I'll stick with my cash purchase and hope that the sale of my 330xi goes quickly.
Would be interested in hearing others' experience with '07 lease rated.
Anyone interested in a like new '04 330xi?:?
Anyway, the deal I was offered was:
24 month lease at $27,893 with 10K or $28,493 with 12K
36 month lease at 38,301 with 10K and $38,899 with 12K
Stated money factor was .00270 vs. standard money factor of .00350
On the surface, this sounds like a terrible deal for me, but I lack the mathematical ability to calculate exactly how badly I am getting hosed (though I am confident I am!). Indeed, I can't even get her math to work out.
Think I'll stick with my cash purchase and hope that the sale of my 330xi goes quickly.
Would be interested in hearing others' experience with '07 lease rated.
Anyone interested in a like new '04 330xi?:?
#5
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My Ride: 2007 Titanium Gray 550i, with sport, nav, HUD, Logic7, sat radio, cold weather, rear side airbags, rear seat heaters, and it goes like a bat outta hell!
Originally Posted by A2 BMW' post='276653' date='May 1 2006, 03:09 PM
I just got back from a visit with my dealer to discuss payment options on my '07 530xi which is arriving at the dealer tomorrow. I planned on buying because I always feel like I am getting hosed when I lease. The woman in the "business office" got me on the phone to talk about options, including a lump sum payment lease for either 2 or 3 years. She said they had good lease deals on these. I was interested because, despite my best efforts, I usually weaken after 2-3 years and want a new car.
Anyway, the deal I was offered was:
24 month lease at $27,893 with 10K or $28,493 with 12K
36 month lease at 38,301 with 10K and $38,899 with 12K
Stated money factor was .00270 vs. standard money factor of .00350
On the surface, this sounds like a terrible deal for me, but I lack the mathematical ability to calculate exactly how badly I am getting hosed (though I am confident I am!). Indeed, I can't even get her math to work out.
Think I'll stick with my cash purchase and hope that the sale of my 330xi goes quickly.
Would be interested in hearing others' experience with '07 lease rated.
Anyone interested in a like new '04 330xi?:?
Anyway, the deal I was offered was:
24 month lease at $27,893 with 10K or $28,493 with 12K
36 month lease at 38,301 with 10K and $38,899 with 12K
Stated money factor was .00270 vs. standard money factor of .00350
On the surface, this sounds like a terrible deal for me, but I lack the mathematical ability to calculate exactly how badly I am getting hosed (though I am confident I am!). Indeed, I can't even get her math to work out.
Think I'll stick with my cash purchase and hope that the sale of my 330xi goes quickly.
Would be interested in hearing others' experience with '07 lease rated.
Anyone interested in a like new '04 330xi?:?
#6
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My Ride: 530i 6 speed
Originally Posted by kmslo530i' post='276578' date='May 1 2006, 03:24 PM
That's exactly what happened to me. My dealer showed me their rate sheet, and the rates were like .00245 instead of the .00175. I called leasecompare.com and was told their posted rates are what BMW Financial offers to the dealers, and the difference is the mark up. I couldn't find a better deal on a lease anywhere else, leasecompare.com included. The lease payment at .00175 looked pretty good to me, but at what I was eventually offerred, .00260 +/- it made purchasing look more attractive. You are right about the residual too.....the residual amount was the same as what's posted on the sticky......
Did you end up leasing?
How are you liking your car??
Did you end up leasing?
How are you liking your car??
The residual is 63%, the money factor is 0.00265.
So far, I like the car MUCH better. The jerking, missed shifts, etc. from the SMG are gone, the engine shuddering and hesitating is also gone. The power is actually not that bad either.
#7
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My Ride: 2007 Titanium Gray 550i, with sport, nav, HUD, Logic7, sat radio, cold weather, rear side airbags, rear seat heaters, and it goes like a bat outta hell!
Originally Posted by drjochen' post='277179' date='May 2 2006, 05:26 PM
I did lease my car. I have 36 months, 10000 miles.
The residual is 63%, the money factor is 0.00265.
So far, I like the car MUCH better. The jerking, missed shifts, etc. from the SMG are gone, the engine shuddering and hesitating is also gone. The power is actually not that bad either.
The residual is 63%, the money factor is 0.00265.
So far, I like the car MUCH better. The jerking, missed shifts, etc. from the SMG are gone, the engine shuddering and hesitating is also gone. The power is actually not that bad either.
Enjoy your car......I can't seem to find nearly enough time or reasons to drive
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