[FadyDizzle]

Hi all,

I finally pulled the trigger and set up my lease deal (car being ordered). I know it doesn't matter whether or not its a good deal now (too late to change things) but I feel good about it and was wondering what the BMW pros (you all, since I'm new to BMW) think. The car is being ordered for me with the following:

2011 335i xDrive
-Montego Blue Prem Pt
-Premium Package
-Steptronic
Active Cruise Control
Comfort Access Key
Heated Front Seats
Heated Steering Wheel
Navigation
iPod and USB adapter
Sirius 2/ 1 yr sub
Park Distance Control

Car MSRP: 55,740
36mo 15k
NJ Lease (7%) tax, $1,857.50 up front (includes first payment and lease inception fees). Payment (w/ 7 MSDs) is $575/mo. Good deal?

[MikeDNJBMW]

seems good, but what is 7 msd's???????

[FadyDizzle]

Originally Posted by njlakeshoreg

seems good, but what is 7 msd's???????

Multiple security deposits (each one lowered the money factor by .00007, which resulted in the payment going from $619/mo to $575, and they are fully refundable at lease end except to cover excess mileage and such).

[PGJ]

why is everybody buying awd nowadays?

[Proxibid]

Originally Posted by PGJ

why is everybody buying awd nowadays?

The 3 series xdrive coupe and 4dr has a better residual value when leasing. Therefor, the monthly payment would be less.

[PGJ]

Originally Posted by Proxibid

The 3 series xdrive coupe and 4dr has a better residual value when leasing. Therefor, the monthly payment would be less.

how much of a concern can that really be? I mean we're talking about a 55K car here, a few thou is nothing, esp. since the cost of a RWD 335 is that much less.

but for OP, sounds like a pretty good deal. less than 2k down and you can go home with a 335 nowadays!


holy crap....and ppl wonder about that whole credit crisis.

[Proxibid]

Originally Posted by FadyDizzle

Hi all,

I finally pulled the trigger and set up my lease deal (car being ordered). I know it doesn't matter whether or not its a good deal now (too late to change things) but I feel good about it and was wondering what the BMW pros (you all, since I'm new to BMW) think. The car is being ordered for me with the following:

2011 335i xDrive
-Montego Blue Prem Pt
-Premium Package
-Steptronic
Active Cruise Control
Comfort Access Key
Heated Front Seats
Heated Steering Wheel
Navigation
iPod and USB adapter
Sirius 2/ 1 yr sub
Park Distance Control

Car MSRP: 55,740
36mo 15k
NJ Lease (7%) tax, $1,857.50 up front (includes first payment and lease inception fees). Payment (w/ 7 MSDs) is $575/mo. Good deal?

Did you get a discount on the vehicle before you finalized the lease? How about the rebate that BMW is currently offering on the 3 series -- did they offer that to you? I sold cars years ago... generally speaking, it's best to put no money down when leasing a vehicle. I just bought a 3 series coupe and got the rebate plus dealer discount, which put the final sale price at invoice.

[PGJ]

Originally Posted by Proxibid

Did you get a discount on the vehicle before you finalized the lease? How about the rebate that BMW is currently offering on the 3 series -- did they offer that to you? I sold cars years ago... generally speaking, it's best to put no money down when leasing a vehicle. I just bought a 3 series coupe and got the rebate plus dealer discount, which put the final sale price at invoice.

ok you have to explain this too me. I've never leased a car before, so how does it work out that you can walk away with a 55K car w/out putting money down and paying like $500/month?

[FadyDizzle]

Ya, I'm not sure, I keep pinching myself because I have a lease calculator and I used the truecar.com best price on the vehicle and it puts me at $613 all else being equal (not a huge diff, but still, about $40/mo less).

This is including the $1,800 AWD incentive. I got AWD cuz I need it in NJ with the amount of driving on hilly roads during the winter, including at work in a closed road (can get real fun when the snow starts piling on while I'm at work).

The combo of the super low money factor (with security deposits) and high residual (59%, get an AWD coupe and its even higher, 61%) will result in a payment in that range for a car loaded w/ about $10k in options I guess

[IancoleTX]

That's a terrific deal man, only about $125/mo more than I'm paying to own an '07 328i

[67R60]

OK..so you put up $5,250 in MSDs (7 x $750) it would put your money factor at .00111 (base money factor on 335xi is .00160 - .00049 (msd)=.00111).

The residual is 59%

Your payment is $575 (including tax right?)

I get an adjusted cap cost of just shy of $49,000
What did you negotiate for the adjusted cap cost?

I would do this deal all day long. That is a great price.

[FadyDizzle]

Originally Posted by 67R60

OK..so you put up $5,250 in MSDs (7 x $750) it would put your money factor at .00111 (base money factor on 335xi is .00160 - .00049 (msd)=.00111).

The residual is 59%

Your payment is $575 (including tax right?)

I get an adjusted cap cost of just shy of $49,000
What did you negotiate for the adjusted cap cost?

I would do this deal all day long. That is a great price.

Well the MSDs are actually $4,200. 7 x $600 since $575 rounded to the next $50 is $600...I didn't realize they'd look at the final payment and round up, thought it would be initial payment and round up.

That said, you're right, the adjusted cap cost looks to be around $49k. I was originally told they will sell me the car for $50,500. However, maybe that was before the $1,840 incentive...doesn't make sense since the invoice is $51,400 according to truecar.com. Only thing I can think of is that the payoff at the end will be more than 59% of the car (so maybe they used a higher residual? but why?). The only reason I have this suspicion is because, like I said, seems too good to be true, and after I review everything over and over in my head, only thing we did NOT discuss prior to signing was the payoff at end of lease. Everything else is as discussed (payments, miles, terms, etc). However, would it ever make sense for a dealership to use a higher residual? Did they like my config SOOO much that they were like, heck, lets give him a low payment so at the end, we can sell this baby with a nice markup as a CPO? Doesn't make sense, does it? lmk if anyone has any other suggestions, car is 'scheduled for production' according to bmwusa.com and all features look in line with what I ordered according to the My BMW site.

[purpl3ish]

I got my car back in August when the MF's were slightly higher, I believe .00020 higher.

I did 7 MSD's too, I'm paying $554 with taxes and fees up front.

My car was loaded pretty much like yours too; 335i xdrive

Premium, Nav, M Sport, Comfort Access, iPod, Harmon Kardon..my MSRP was around $54,500

If I waited until September to pick up my car I would've been paying about $20 less/month too..so I'd say your deal is just about on par.

[FadyDizzle]

Originally Posted by ChOy BoY

I got my car back in August when the MF's were slightly higher, I believe .00020 higher.

I did 7 MSD's too, I'm paying $554 with taxes and fees up front.

My car was loaded pretty much like yours too; 335i xdrive

Premium, Nav, M Sport, Comfort Access, iPod, Harmon Kardon..my MSRP was around $54,500

If I waited until September to pick up my car I would've been paying about $20 less/month too..so I'd say your deal is just about on par.

Hey Choyboy, was your buyout truly 59% of the negotiated price or of the original price? The way I calculate it, they told me they negotiated down to a $50,500 sales price. So, 59% of that is $29,795 plus the sum of my monthly payments of $20,700 = $50,495 which puts me right under the negotiated price...meaning it's as if I didn't pay a penny on interest. I wasn't told yet the buyout price, but is it normally negotiated price x 59% for a 335xi sedan or is it of the MSRP, or am I thinking of the wrong residual amount (I got this number off of ridewithg.com).

[67R60]

Residuals are based off MSRP for it is not as variable as the purchase price.

[purpl3ish]

Originally Posted by FadyDizzle

Hey Choyboy, was your buyout truly 59% of the negotiated price or of the original price? The way I calculate it, they told me they negotiated down to a $50,500 sales price. So, 59% of that is $29,795 plus the sum of my monthly payments of $20,700 = $50,495 which puts me right under the negotiated price...meaning it's as if I didn't pay a penny on interest. I wasn't told yet the buyout price, but is it normally negotiated price x 59% for a 335xi sedan or is it of the MSRP, or am I thinking of the wrong residual amount (I got this number off of ridewithg.com).

The residual is always found using the MSRP; not the negotiated sale price of the car..I also just realized that you're talking about the sedan, I actually leased the coupe.

Which at the time my residual was 63% and the money factor was .00210

[amora009]

So i got a unique situation. I live in MN so im not sure if the tax is a big deal.

I wanna Lease an '11 335 awd, i priced out at 53,000.

I know im going to buy this car at the end of the lease. So i am thinking of putting 25,000 down and paying off a minimal monthly lease cost.

I am doing this purely to have a lower monthly payment, thats why i am not financing outright.

Any thoughts?

and in case i decide not to keep it, do i lose all the moneys?

Thanks,

Newbie

[67R60]

Do not put that much money down on a lease. You actually are at risk of losing money.

For example, a month later your shiny new BMW car is totaled. Insurance will pay market value which could be 48K and you are out a car and $3,000. Now you have no car and less money.

If anything, put it in a USAA bank account that gets you 2% and have your payments pulled from that pool of money. It feels like you don't have a payment.

[reddemon73]

that is an excellent deal. My car is on ordered. MSRP is $55,775 335i coupe. I'm looking at paying $714 (9.6% sales tax included). I have not bought down the MF with MSD yet. I'm thinking of doing that though but my payment will not be as low as yours. Good job

[amora009]

If i put 25 k down, the payments are 125 dollars for 36 months. Does anyone know how the AWD incentive works? do you get it off the msrp or what?

[FadyDizzle]

Originally Posted by amora009

If i put 25 k down, the payments are 125 dollars for 36 months. Does anyone know how the AWD incentive works? do you get it off the msrp or what?

Ya, comes off car price directly, so factored into your negotiated price. I would avoid the $25k down. You should put the 7 security deposits to lower your payment, then maybe put the rest in a low interest bearing account (try bankrate.com) or if you have some experience, maybe buy some dividend stocks and then pay your monthly bill. It won't be $125 a month but at least you hold onto your money and make your money work for you insteaadd of the dealer.

[OnlyTruth]

one of lowest leases I ve seen here