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      05-04-2005, 07:07 PM   #1
CaptJack
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E90 Lease Rates from BMW Fin

The official lease rates for the E90 came out yesterday. The rates are higher than expected but apparently BMW is VERY aware of how hot E90 sales will be so they are taking advantage of that fact. Also, the FED raised the short term interest rate another 1/4 of a point yesterday and they probably saw that coming.

Here are the numbers for my car, a 330i.

36 mos
12 K Miles
60% Residual
Money Rate .000255

P.S. They must have these stinking cars hidden in the trees!!! There isn't 1 lousey car delivered to a dealer yet and it's the 4th. Watch out! The roads will be filled with convoys of BMW transporters tomorrow.

I WANT MY STINKING CAR!! NOW!!!
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      05-05-2005, 01:19 PM   #2
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My credit union has partnered with a car buying/leasing service. I compared to what they quote me for a lease payment compared to BMW Financial. They beat the pants off BMW Financial. I was quoted about $695 a month for a four-year lease at 15,000 miles per year for a $50,000 car (I like my options ). I don't remember exactly what BMW Financial was quoting from their interactive website but it was at least a 10% higher monthly payment.

Last edited by Jon_Hanson; 05-05-2005 at 01:25 PM..
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      05-05-2005, 01:34 PM   #3
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Quote:
Originally Posted by Jon_Hanson
My credit union has partnered with a car buying/leasing service. I compared to what they quote me for a lease payment compared to BMW Financial. They beat the pants off BMW Financial. I was quoted about $695 a month for a four-year lease at 15,000 miles per year for a $50,000 car (I like my options ). I don't remember exactly what BMW Financial was quoting from their interactive website but it was at least a 10% higher monthly payment.
I would be concerned that you are getting into a lease at all, since you are quoting monthly payment numbers as a comparison. Do you full understand the relationship of the Money Factor and residual and cap cost? What MF and residual is the credit union quoting you? That will tell you whether or not it beats the pants off of BMWFS.
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      05-05-2005, 01:36 PM   #4
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Canadian Residuals are 64% for 36 months at 16,000 km(10,000 miles approx.) Interest rate is 7.65%
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      05-05-2005, 06:43 PM   #5
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Quote:
Originally Posted by CaptJack
The official lease rates for the E90 came out yesterday. The rates are higher than expected but apparently BMW is VERY aware of how hot E90 sales will be so they are taking advantage of that fact. Also, the FED raised the short term interest rate another 1/4 of a point yesterday and they probably saw that coming.

Here are the numbers for my car, a 330i.

36 mos
12 K Miles
60% Residual
Money Rate .000255

P.S. They must have these stinking cars hidden in the trees!!! There isn't 1 lousey car delivered to a dealer yet and it's the 4th. Watch out! The roads will be filled with convoys of BMW transporters tomorrow.

I WANT MY STINKING CAR!! NOW!!!

Soo capt. what exactly are gonna be your monthly payment if u dont mind me asking?
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      05-08-2005, 03:37 PM   #6
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Yes, I fully understand how leasing works. I've leased my last two cars. Besides, I've plugged the numbers given to me by the leasing company into a spreadsheet and I've been able to duplicate the montly payment quoted to me.
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      05-08-2005, 07:10 PM   #7
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I was told by my SA that I would probably get a better rate after the June rates are announced. I asked him if he was sure and he sounded pretty confident that there would be better rates then. We'll see.....I have to sign my lease docs no later than about June 15th.
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      05-09-2005, 01:00 AM   #8
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I have doubts rates will be better going forward, period. Car rates, mortgage rates, bank rates.... they will all be going up, slowly but surely.
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      05-09-2005, 01:16 AM   #9
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That's true, but BMW sets rates for various models and that has nothing to do with Fed Funds but their own internal marketing. Why is the entry level 325 at .0255 and the 545 at .0100? They want to maximize profit at the outset of the E90 (for all those that want to be first on the block) and they need to get rid of the 545s before the 550 is introduced. And so on.

Now, I still don't understand why BMW would lower rates in June for the new 3-series but my SA told me something about the "summer sales push" and he felt that the money factors would be relaxed a little more....0255 is still pretty high. The lower they can make these lease payments the more cars they sell. Only the bean counters in their marketing/accounting dept can figure out these dynamics. Make no mistake BMWNA probably has hedged against increased interest rates. We'll know in a few weeks I guess.
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      05-10-2005, 10:04 PM   #10
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I just got lease rates from my dealer and i'm shittin' bricks.

They gave me a monthly rate of $958 for 42 months, 20K miles a year. That is unbelievably high!

I currently lease a 2002 X5 which was 10K more than the e90 for 42 months and 20K miles a year, and pay under $700 a mo!

What is going on, if anyone can disclose what they're paying in lease rates for their e90 330i, please send me a private message. I would certainly appreciate it.

Thanks, Nathan
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      05-10-2005, 10:45 PM   #11
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Do you need 20K miles a year? That is probably what is making the payment so high. Have you considered purchasing instead?
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      05-10-2005, 10:47 PM   #12
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42 months? 20K/year? It sounds like your residual is going to be very low and may explain your high payments. Either way....958/mo to lease a new 3 series is insane.
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      05-10-2005, 11:03 PM   #13
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Yeah, i really need the 20K a year, i probably drive more than that. I don't really want to buy it because i will probably get a new car in 3 years like i've done for the past decade.

What confuses me is that the e90 is about 8K cheaper than my current X5 and with the same 20K miles and 42 months its literally $420 more expensive per month on the same lease.

The dealer said the rates were really high, and that the new rates in June would be much better, but come on, for $958/mo i can get a 7 Series. I am going to wait till my car comes in late may early June, and then make the decision to get the e90 or lose my deposit. This just makes me really mad.
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      05-10-2005, 11:09 PM   #14
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I don't know about Ill. but in CA. you can't lose a deposit...even if you ordered the car. That said...if the rates really improve in June and I've heard that they are supposed to, you will get the better rate if you take delivery in early June. Can't you extend your other car lease and wait an extra month or two? Most BMW leases are extendable up to 6 months.
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      05-10-2005, 11:09 PM   #15
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"BSM" That's hot.
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      05-10-2005, 11:40 PM   #16
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Actually, my lease is up June 20th, so i can definitely wait, but i doubt its going to drop that much. I am crossing my fingers.

Yep, BSM, that's hot as Paris would say.
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      05-11-2005, 07:05 AM   #17
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$1k a month!? I love the E90 but that's craaazy.
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      05-19-2005, 09:57 PM   #18
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One person at my dealer today told me that BMW FS will be release lease incentives in June, another at the same dealer said "no way."

I'm lost.
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