[Sigmachimde]

Hey Guys,

I am thinking about trading my 07 335xi SG/Dakota Grey Sedan.

Looking into leasing a 335 convertible with 6 spd, sport, cold weather.

I have never considered leasing before and don't know a thing about it.

Does anyone know what I should expect to pay for this when going in? I did research and looked into all of the residual numbers etc... but still do not understand much about it. Can I get into one for under $500 per month if I put a couple thousand down?

Thanks!
Mike

[2kaccordocoupe]

You need to do more research on it...
Read up on mileage, residuals, security deposits, inspections, what happens to your down payment in the event of something etc... You have alot of gaps my friend.

[E92Carrera]

Originally Posted by Sigmachimde

Hey Guys,

I am thinking about trading my 07 335xi SG/Dakota Grey Sedan.

Looking into leasing a 335 convertible with 6 spd, sport, cold weather.

I have never considered leasing before and don't know a thing about it.

Does anyone know what I should expect to pay for this when going in? I did research and looked into all of the residual numbers etc... but still do not understand much about it. Can I get into one for under $500 per month if I put a couple thousand down?

Thanks!
Mike

Yea, you have a bit more research to do. But let me get you started.

*Price out your car on carprices.com, it will show you the MSRP and the invoice price. A good deal is considered 500-1000 over the invoice price.

*Make sure you negotiate the buy rate on the MF (Money Factor), its posted on this forum at a sticky on the top over at bimmerfest (http://www.bimmerfest.com/forums/forumdisplay.php?f=20 ). This month it is .00200, a dealer is allowed to mark this up. Tip: Money Factor is basically the interest rate. MF * 2400 = Interest Rate. Ex. .00200 = 4.8%

*Since your willing to put money down, it is generally advised against making a cap cost reduction on a lease. If your car gets totaled, then you lose your down payment.
**On the other hand, it is encouraged to leave multiple security deposits, which are returned to you at the end of your lease.
***These MSD's reduce your MF. The max amount of MSD's is 7, for a reduction of .00049 on your MF. If you get the base rate above and you leave 7 MSD's, your MF would be: .00200 - .00049 = .00151
Tip: Each MSD is equivalent to your monthly payment rounded up to the nearest $50. So if AFTER applying the MF reduction, your payment is $549 then you would make 7 deposits @ $550 each.

*Make sure the lease fees are legit and are not marked up.
*Example: Acquisition fee is required but can be marked up: $725 (Current Acq. Fee, not marked up)


*Once you have all your numbers, plug it in to a lease calculator, or spreadsheet and verify your numbers with what the dealer is offering.

That should get you started.

[Curt2000]

Originally Posted by E92Carrera

Yea, you have a bit more research to do. But let me get you started.

*Price out your car on carprices.com, it will show you the MSRP and the invoice price. A good deal is considered 500-1000 over the invoice price.

*Make sure you negotiate the buy rate on the MF (Money Factor), its posted on this forum at a sticky on the top over at bimmerfest (http://www.bimmerfest.com/forums/forumdisplay.php?f=20 ). This month it is .00200, a dealer is allowed to mark this up. Tip: Money Factor is basically the interest rate. MF * 2400 = Interest Rate. Ex. .00200 = 4.8%

*Since your willing to put money down, it is generally advised against making a cap cost reduction on a lease. If your car gets totaled, then you lose your down payment.
**On the other hand, it is encouraged to leave multiple security deposits, which are returned to you at the end of your lease.
***These MSD's reduce your MF. The max amount of MSD's is 7, for a reduction of .00049 on your MF. If you get the base rate above and you leave 7 MSD's, your MF would be: .00200 - .00049 = .00151
Tip: Each MSD is equivalent to your monthly payment rounded up to the nearest $50. So if AFTER applying the MF reduction, your payment is $549 then you would make 7 deposits @ $550 each.

*Make sure the lease fees are legit and are not marked up.
*Example: Acquisition fee is required but can be marked up: $725 (Current Acq. Fee, not marked up)


*Once you have all your numbers, plug it in to a lease calculator, or spreadsheet and verify your numbers with what the dealer is offering.

That should get you started.

Good Advice...

Also if you are a current BMW owner you may qualify for owner loyalty money factors which can be a lot better depending on the promos they have running.

If you decide to do euro delivery then you can lower your monthly payment even further because you get the ED pricing which lowers your net cap yet your residual remains US retail so you broaden the gap between residual value and leased value.

I would recommend leasing at 10000 miles/yr to start out with because it keeps your monthly payment low and gets you the best residual % upfront and you can always add miles to your lease for cheap later on if your eating them up too fast....