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Re: 2008 BMW 335iC Lease [boomer23]
by kefler on Tue Jan 01 12:23:05 PST 2008
I attempted (and failed) to negotiate a lease deal w/ the only BMW dealer in my town (Tucson, AZ) yesterday. I'm posting the details here to see if my deal seems crazy, and to get validation that I wasn't incorrect in my calculations. Car Details: * 335i Sedan w/ 6spd manual + ZSP Sport Package + ZPP Premium Package + iDrive Navigation + iPod /USB Adapter + Metallic paint (color: Sparkling Graphite Metallic, interior Gray / Burl Walnut trim) (MSRP 46,900 including dest) Lease: 3 Year (36 Month) / 12k/year. $3000 out of pocket. After an hour of back and forth (they started out at $732 w/ tax), they came out with two pieces of paper with lease numbers on them. The first piece of paper had the dollar amounts for the lease, the second had stuff like taxes, money factor, residual on it. At one point I pulled out my PDA w/ pocket excel and wrote the #'s down off their sheet (not sure that they liked me doing that). I offered them $44900 ($2000 off MSRP) to start with. They "accepted" this but then added $825 to that for the "aquisition fee". ======================================================= Paper #1: Money Factor .0020, Residual 63%. Paper #2: Fees: Doc Fee $239 (bogus?) License $665 (this is accurate) Dwn Pmt Sales Tax $108 First Pmt $652 -------------------------- Total $1661 Lease Numbers: MSRP $46900 Sale Price $45725 -- they added an $825 aquisition fee here Residual Amount $29547 Capcost Reduction $1339 -- My 3k after taking out those fees. Net Cap Cost $44386 Depreciation fee $412 Finance Fee $188 --- This seems bogus to me! this is not @ .0020 MF? Monthly Payment $652 ========================================================== Tax is 8.1%... At this point I argued that "Paper #2" must have not used .0020 as the money factor, in fact it looks like they used .0025. The salesman threw me a sheet of paper, actually a printout from edmunds.com, on how a lease is calculated and said "All leases are calculated the same, look for yourself, your calculations are wrong". So I told him to use his calculator and the formula on the paper he printed out: (Negotiated Price + Residual Value) * Money Factor = Finance Fee. He did and when it came out to $147 he put away the paper and said "well we don't do leases like that, we use the computer." and stepped away. At this point I think I pissed them off, he brought out the "general manager" who said he was "already feeling bad about this deal" and he had "never seen a price this low with so little profit in his 16 years at BMW". I told him I couldn't buy a car with these numbers not adding up, and he insisted along with the salesman that the MF was .0020 and I was wrong. So I walked. I dont think I was wrong.. besides the stupid fees, which I dont think are legit, They were doing two shady things: #1 -- not being truthful about the money factor #2 -- adding the aquisition fee to the negotiated price, which means it then increases the term depreciation! Fees dont depreciate, the car does. I really believe $590 a month is possible with $3k out of pocket, does that seem crazy?
MF...Advice?
by maxdiesel on Thu May 04 13:47:13 PDT 2006
Does anyone where I can go to find out the current MF for BMWFS? I will be leasing a vehicle that is on order sometime in May, maybe June and want to be sure that I am an educated negotiator. Please advise.
Re: LEASE OPTION - AZ [blueguydotcom]
by maxdiesel on Tue Jan 24 11:53:10 PST 2006
Thanks for the help on the lease. I will work on negotiating the price and the MF. I appreciate the feedback on Active Steering too, I felt it sounded a bit gimmicky but needed a sound opinion. Thanks for yours. If my dealer is not willing to negotiate price and MF, do you think I would be successful elsewhere. Never negotiated a lease before. I want the best deal, but I don't want to spend days working on it.
LEASE OPTION - AZ
by maxdiesel on Mon Jan 23 22:55:15 PST 2006
If anyone has some input on this lease, let me know if this is a good deal. Value of Car - $40,495.00 / Term - 3 Years / Mileage - 12,000/year / Cash out of pocket - $5,000.00 / Residual - 64% / MF - .00305 / Payment - $542/month Also, is Active Steering worth it? I have heard good and bad, but what is the skinny on this? Please advise. ThanX Max
325i lease
by rward on Sun Apr 11 20:27:44 PDT 2004
kfydx, thanks for the response. I made this deal over the phone on Saturday and need to go in the dealership (don mackey BMW)tomorrow to see details and sign for?. down was 3700 "which is higher than normal due to paying to have shipped from california"; according to the salesman. Have not signed anything yet.
325i lease
by rward on Sun Apr 11 10:29:16 PDT 2004
negotiating a lease on 325i. Went to dealership yesterday inquiring about the $289. month lease in effect right now on a 325i with automatic, moonroof and heated seats. After test driving a couple of different cars, I decided on a standard transmission, moonroof with the sport package. Msrp is less on this combination than the $289. special. The dealer however wants $333. a month. Does this seem too much or is the $289 really $333. after taxes, etc.? By the way, I drove a 325 with the new transmission that combines an auto clutch with standard transmission. It was a blast to drive.

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