Bullsh!t Lease

MontegoGoGoGo · 05-12-2009, 03:00 PM

Didn't see a lease section in the 5post. Mods, please move if necessary.

2009
550i
Black/Black
36 Months
10k miles
Loaded
BMW "customer loyalty"
$886/ month
?????????

This is what a BMW sales guy told me today.

The BMW website alone says $649, what is going on here? (Well equipped with navigation.)

P.S. - What's a 7 lease go for? Didn't see an option on BMWUSA.....

Tommiexboi · 05-12-2009, 03:02 PM

thats pretty steep...

solefald · 05-12-2009, 03:12 PM

Quote:

Originally Posted by MontegoGoGoGo

The BMW website alone says $649, what is going on here? (Well equipped with navigation.)

$649/mo BEFORE taxes, license and registration fees, but this is nothing.
There are people on this forum paying high $800's for their 3-series.

7-series lease is $999/mo before taxes.

And there was some dude last year looking for someone to takes over his lease on E92 335i.
Are you sitting down?
His lease payments were $1230/mo, because this genius signed up for 24K miles/per year lease....

MontegoGoGoGo · 05-12-2009, 03:19 PM

Quote:

Originally Posted by solefald

$649/mo BEFORE taxes, license and registration fees, but this is nothing.
There are people on this forum paying high $800's for their 3-series.

7-series lease is $999/mo before taxes.

And there was some dude last year looking for someone to takes over his lease on E92 335i.
Are you sitting down?
His lease payments were $1230/mo, because this genius signed up for 24K miles/per year lease....

Excuse my "ignance" but why, or how does someone end up paying $800+ for a 3 series????

How does this "incredible lease offer" end up so high at only 10K miles/year?
Her credit is in top 5%, steady and well-paying job....I don't get it?

Sounds like leases are all over the map. Is there a KBB of leases that I can use as a barometer to gauge the fairness of lease prices?

Thanks!

shocka1212 · 05-12-2009, 03:23 PM

Quote:

Originally Posted by MontegoGoGoGo

Excuse my "ignance" but why, or how does someone end up paying $800+ for a 3 series????

How does this "incredible lease offer" end up so high at only 10K miles/year?
Her credit is in top 5%, steady and well-paying job....I don't get it?

Sounds like leases are all over the map. Is there a KBB of leases that I can use as a barometer to gauge the fairness of lease prices?

Thanks!

terrible residual?

wakeboarder109 · 05-12-2009, 03:25 PM

Quote:

Originally Posted by solefald

And there was some dude last year looking for someone to takes over his lease on E92 335i.
Are you sitting down?
His lease payments were $1230/mo, because this genius signed up for 24K miles/per year lease....

In talking with a friend who sells for Land Rover, he said people will lease a vehicle through their company and jack up the mileage. This drops the residual value and at the end of the lease they can purchase the vehicle for much less than it's worth.

Good luck with the 55 though, I'll be curious to read the posts to follow

cougfan335 · 05-12-2009, 03:27 PM

I looked at leasing my car and the payments were $700-$800 month. The financing was horrible too. I ended up ordering my car exactly as I wanted it and told the salesman and finance manager that if they wanted to make any extra money on the lease/finance they should give me a call with any better offers and they never could do much better at all. Ended up paying in full. These days you should be able to push them around until the deal is good. Those rates online are just teasers, but it shouldn't always be 30% more.

kgb1637 · 05-12-2009, 03:44 PM

Well its pretty understandable if you don't negotiate the price, fully loaded, no money down, bad residual, bad interest, high taxes, high 800's are not unheard of

rkick08 · 05-12-2009, 03:46 PM

dam...

BMW-NC · 05-13-2009, 08:16 AM

I heard Honda has awesome deals these days.....

If you want to drive high class, pay high class.

And, BTW the 535i is the better choice over the V8 550i. Saves money and gas and better residual at comparable performance.

Regards,

Ray

blue2fire · 05-13-2009, 08:58 AM

Quote:

Originally Posted by BMW-NC

I heard Honda has awesome deals these days.....

If you want to drive high class, pay high class.

And, BTW the 535i is the better choice over the V8 550i. Saves money and gas and better residual at comparable performance.

Regards,

Ray

It is not a good idea to pay over the odds for a car about to be replaced next year, is it?

Evangelo2 · 05-13-2009, 09:01 AM

You can't tell anything about that lease deal without all the facts. There is a great lease calculator you can find here, http://www.bankrate.com/calculators/...alculator.aspx. I sued it and got within .30 cents of what the dealer was telling me. It can help either pinpoint where this extra money is coming from or help you understand anything that may not be clear.

-Evangelo2

Sal@AUTOcouture · 05-13-2009, 09:07 AM

OP- thats actually a good deal.

As for the bmwusa numbers are with money down, plus tax, plus title, plus plus plus

MontegoGoGoGo · 05-13-2009, 09:21 AM

Thanks for all the help.

It was with $2,500 down.

I (personally) don't like leasing anyway, so have talked her into just buying the car. Not this car. We're going to test drive a few today, so we'll see.

We probably won't do anything for another 6 months or so, but I was just putting feelers out and will find any excuse to go look at the new cars at the dealer!

Thanks again.

Sal@AUTOcouture · 05-13-2009, 09:25 AM

6 months? lol

No numbers are gonna be the same...rates and residuals will be different, so you really cant base todays numbers on what to expect then.

Viral · 05-15-2009, 09:54 AM

Quote:

Originally Posted by AutoCouture

6 months? lol

No numbers are gonna be the same...rates and residuals will be different, so you really cant base todays numbers on what to expect then.

working today?

I'll call you.........

Sal@AUTOcouture · 05-15-2009, 10:17 AM

Quote:

Originally Posted by Viral

working today?

I'll call you.........

til 6

TENCHI · 05-18-2009, 02:19 AM

better than what I got.

$796 for a 335i

05-12-2009, 03:00 PM	#1
MontegoGoGoGo I'm kind of a bitch 375 Rep 895 Posts Drives: Montego/Cream E93 Join Date: Jan 2009 Location: St. Louis & St. Petersburg iTrader: (0) Garage List 2007 E93 [0.00]	Bullsh!t Lease - 550i Didn't see a lease section in the 5post. Mods, please move if necessary. 2009 550i Black/Black 36 Months 10k miles Loaded BMW "customer loyalty" $886/ month ????????? This is what a BMW sales guy told me today. The BMW website alone says $649, what is going on here? (Well equipped with navigation.) P.S. - What's a 7 lease go for? Didn't see an option on BMWUSA..... __________________ E93: Montego/Cream <---- E46 (Coupe): JB/Black <---- E30 (Cabrio): Alpine White/Black
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05-12-2009, 03:02 PM	#2
Tommiexboi Mod whore 37 Rep 456 Posts Drives: E93 M3 Sold :( Audi A4 now Join Date: Mar 2006 Location: Irvine, CA iTrader: (4)	thats pretty steep... __________________ E46 2000 328i - Sold ( what started my obsession ) E60 2000 M5 - Sold E90 2008 335i - Sold E93 2011 M3 - Sold B8 A4 - WTF?
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05-12-2009, 03:27 PM	#7
cougfan335 First Lieutenant 10 Rep 326 Posts Drives: 335i Coupe MT, Montego/Saddle Join Date: Mar 2007 Location: Reno, NV iTrader: (6)	I looked at leasing my car and the payments were $700-$800 month. The financing was horrible too. I ended up ordering my car exactly as I wanted it and told the salesman and finance manager that if they wanted to make any extra money on the lease/finance they should give me a call with any better offers and they never could do much better at all. Ended up paying in full. These days you should be able to push them around until the deal is good. Those rates online are just teasers, but it shouldn't always be 30% more. __________________ e92 335i: Montego, Saddle Brown, Burl Walnut, MT, Sport, Prem, CW, PDC, Rear Shade. Mods: JB4, BMS Dual Intake, Cyba Scoops, Beyern Mesh Chrome 19" wheels, 15% F1 tint, LeatherZ weighted shift knob, body color reflectors, Matte black grill with Montego surround, middle lower grill removed, left and right lower grills painted black.
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05-12-2009, 03:44 PM	#8
kgb1637 Lieutenant Colonel 21 Rep 1,519 Posts Drives: RS5 Join Date: Sep 2008 Location: Baltimore, MD iTrader: (0)	Well its pretty understandable if you don't negotiate the price, fully loaded, no money down, bad residual, bad interest, high taxes, high 800's are not unheard of __________________ Retired - '08 E90 335i Sparkling Graphite/Gray Dakota Leather, ZSP, ZCW, ZPP, Navi, ipod, Sat
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05-12-2009, 03:46 PM	#9
rkick08 Major 85 Rep 1,499 Posts Drives: 2017 M3 Join Date: Apr 2009 Location: Miami, FL iTrader: (1)	dam...
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05-13-2009, 08:16 AM	#10
BMW-NC Selling drugs to BMW addicts 17 Rep 468 Posts Drives: 135i e82 6MT N55 Join Date: Dec 2007 Location: Baumholder / Hanau iTrader: (1)	I heard Honda has awesome deals these days..... If you want to drive high class, pay high class. And, BTW the 535i is the better choice over the V8 550i. Saves money and gas and better residual at comparable performance. Regards, Ray __________________ --- Quality US Spec Used Cars for Military Members stationed in Europe. Specialized in BMWs and MINIs up to 10k miles.
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05-13-2009, 09:01 AM	#12
Evangelo2 Private First Class 24 Rep 172 Posts Drives: 2009 335 m sport Coupe 6-speed Join Date: Jun 2008 Location: NY iTrader: (0)	You can't tell anything about that lease deal without all the facts. There is a great lease calculator you can find here, http://www.bankrate.com/calculators/...alculator.aspx. I sued it and got within .30 cents of what the dealer was telling me. It can help either pinpoint where this extra money is coming from or help you understand anything that may not be clear. -Evangelo2 __________________ Previous Car: 2002 M3 Coupe 6MT Previous Car: 2006 G35 Coupe 6MT Fullly Loaded *Current Car: 2009 335 Coupe, 6MT, Black Sapphire, Saddle Brown, M Sport, Cold Weather, Premium, CA, Nav, L7, iPod, Smartphone Adapter, Sirius*
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05-13-2009, 09:07 AM	#13
Sal@AUTOcouture 733 Rep 10,105 Posts Drives: E93 M3, E36 M3 Join Date: Feb 2007 Location: Sofla iTrader: (30)	OP- thats actually a good deal. As for the bmwusa numbers are with money down, plus tax, plus title, plus plus plus
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05-13-2009, 09:21 AM	#14
MontegoGoGoGo I'm kind of a bitch 375 Rep 895 Posts Drives: Montego/Cream E93 Join Date: Jan 2009 Location: St. Louis & St. Petersburg iTrader: (0) Garage List 2007 E93 [0.00]	Thanks for all the help. It was with $2,500 down. I (personally) don't like leasing anyway, so have talked her into just buying the car. Not this car. We're going to test drive a few today, so we'll see. We probably won't do anything for another 6 months or so, but I was just putting feelers out and will find any excuse to go look at the new cars at the dealer! Thanks again. __________________ E93: Montego/Cream <---- E46 (Coupe): JB/Black <---- E30 (Cabrio): Alpine White/Black
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05-13-2009, 09:25 AM	#15
Sal@AUTOcouture 733 Rep 10,105 Posts Drives: E93 M3, E36 M3 Join Date: Feb 2007 Location: Sofla iTrader: (30)	6 months? lol No numbers are gonna be the same...rates and residuals will be different, so you really cant base todays numbers on what to expect then.
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05-18-2009, 02:19 AM	#18
TENCHI Lieutenant 53 Rep 552 Posts Drives: '19 G12, '17 E300 Join Date: Feb 2006 Location: Seattle iTrader: (0)	better than what I got. $796 for a 335i __________________
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