Is this a good deal?

b00sted · 10-22-2011, 02:04 PM

I am being offered this lease deal:
4588.23 down which includes:
- 2500 down payment
- 538.73 first payment
- 725 acquisition fee
- 175 tax on the down payment
- 589.50 dealer fees
- 60 rental fee for lease?

payments are $538.73/ month for 36 months with 10k milees/ year

residual is 64% and money factor is .00195

This is based off a selling price of $44250

The car is configured this way:

2012 328i
Sparkling gray exterior
coral red leather
M sport package with paddle shifters
auto trans.
xm radio

mjollnir19 · 10-22-2011, 05:30 PM

damn sounds like car payments that should and might as well be bought IMO, idk much about leasing but jeez I'd rather buy the car

cable96 · 10-22-2011, 09:23 PM

u can probably finance a 2011 at that rate

335xiRT1 · 10-22-2011, 11:49 PM

Not a good deal

Chadd · 10-23-2011, 12:09 AM

bad deal! don't you dare lease this car...

E90Alex · 10-23-2011, 07:14 AM

you can probably get a 335i with that deal

berserkerx · 10-23-2011, 07:29 AM

so they are not paying your first payment for you? I am leasing a VW Jetta TDI and they paid my first payment. They take care of everything on the car as well. Leasing has its benefits. You lose your job or just can't make the payment you can get out from under the car a lot easier than a finance.

CJ421 · 10-23-2011, 08:12 PM

Don't even need to run the numbers to tell you that's expensive.

And only 10K miles.

The idea with a lease is to put almost nothing down. You may consider putting down MSDs (multiple security deposits) up front to lower your payments - you get that money back at the end of the lease. It's a pretty good rate of return, from what I've read.

Try another dealer ... also hit up Ryan Amico @ Steve Thomas BMW (GOLFFRR on the forums).

bmwaddict · 10-23-2011, 10:54 PM

Where is that btw?

Code:

If you aren’t in a terrible rush, I would hold out and see what transpires in the next month or so

more info there: http://www.ridewithg.com/index.php/2...-october-2011/

Tim2189 · 10-24-2011, 08:38 AM

I'm guessing this is a coupe since the msrp seems to be around $44,625 with the options you mentioned.....and they are selling you the car at $44,250?

Tell them to talk a walk! That is the worse deal i ever heard of

Just for shits and giggles, ill run you some numbers here

MSRP - $44,625
Selling - $42,501 ($1K over Invoice)
36 months
10 Miles a year
MF - .00195
Res - 64%
Florida tax included in your payments

With $1,706 at signing (first month, bank and dmv) your at $581.62 a month
with $4,855 at signing your at $487.91 a month

jopa489 · 10-24-2011, 06:25 PM

I'm not even going to run the numbers on this one either. Don't take this deal. You could be doing MUCH better.

b00sted · 10-25-2011, 06:24 PM

Thanks for the input guys, Im going to do the deal with Ryan instead. Btw, this was at Tom bush BMW in Jacksonville, FL.

bmwaddict · 10-26-2011, 02:27 PM

Thx for the info btw do you have good credit? Cause if not lease is for you.

Quote:

Originally Posted by *****ed

Thanks for the input guys, Im going to do the deal with Ryan instead. Btw, this was at Tom bush BMW in Jacksonville, FL.

10-22-2011, 02:04 PM	#1
b00sted Enlisted Member 6 Rep 44 Posts Drives: '12 E92 328i M-Sport Join Date: May 2011 Location: Miami (Jax Now) iTrader: (0)	Is this a good deal? I am being offered this lease deal: 4588.23 down which includes: - 2500 down payment - 538.73 first payment - 725 acquisition fee - 175 tax on the down payment - 589.50 dealer fees - 60 rental fee for lease? payments are $538.73/ month for 36 months with 10k milees/ year residual is 64% and money factor is .00195 This is based off a selling price of $44250 The car is configured this way: 2012 328i Sparkling gray exterior coral red leather M sport package with paddle shifters auto trans. xm radio
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10-22-2011, 05:30 PM	#2
mjollnir19 Major 67 Rep 1,284 Posts Drives: BMW 335i DINAN 3 Join Date: Nov 2010 Location: NJ iTrader: (13) Garage List 2009 BMW E90 335i LCI [9.50]	damn sounds like car payments that should and might as well be bought IMO, idk much about leasing but jeez I'd rather buy the car
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10-22-2011, 09:23 PM	#3
cable96 Second Lieutenant 14 Rep 222 Posts Drives: threethreefive Join Date: Oct 2009 Location: USA iTrader: (5)	u can probably finance a 2011 at that rate
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10-22-2011, 11:49 PM	#4
335xiRT1 Captain 47 Rep 693 Posts Drives: 2007 335i Join Date: Oct 2008 Location: long island iTrader: (14)	Not a good deal
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10-23-2011, 12:09 AM	#5
Chadd Banned 25 Rep 513 Posts Drives: 08 AW 335 Join Date: Aug 2009 Location: Woodland Hills, California iTrader: (15)	bad deal! don't you dare lease this car...
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10-23-2011, 07:14 AM	#6
E90Alex Colonel 166 Rep 2,629 Posts Drives: F83 M4 Competition Join Date: Dec 2008 Location: Playa Vista, CA iTrader: (14)	you can probably get a 335i with that deal
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10-23-2011, 07:29 AM	#7
berserkerx Private First Class 8 Rep 164 Posts Drives: 2006 330i Join Date: Jan 2011 Location: Utah iTrader: (0)	so they are not paying your first payment for you? I am leasing a VW Jetta TDI and they paid my first payment. They take care of everything on the car as well. Leasing has its benefits. You lose your job or just can't make the payment you can get out from under the car a lot easier than a finance.
	Appreciate 0 Quote

10-23-2011, 08:12 PM	#8
CJ421 Brigadier General 1561 Rep 4,109 Posts Drives: BMW M3 Join Date: Feb 2011 Location: Blue Bell, PA iTrader: (1) Garage List 2024 BMW M3 Sedan [9.50]	Don't even need to run the numbers to tell you that's expensive. And only 10K miles. The idea with a lease is to put almost nothing down. You may consider putting down MSDs (multiple security deposits) up front to lower your payments - you get that money back at the end of the lease. It's a pretty good rate of return, from what I've read. Try another dealer ... also hit up Ryan Amico @ Steve Thomas BMW (GOLFFRR on the forums). __________________ 2024 BMW M3 Sedan Frozen Pure Grey II/Fjord Blue, 6MT Past: 2021 Z4 M40i Frozen Grey II/Black Alcantara \| 2017 F30 340i Mineral Gray/Coral Red, 6MT \| 2011 E92 335i Le Mans Blue/Black, 6MT
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10-23-2011, 10:54 PM	#9
bmwaddict Banned 181 Rep 1,606 Posts Drives: '11 AW 335is E92 Join Date: Nov 2009 Location: West Palm Beach, FL iTrader: (4)	Where is that btw? Code: If you aren’t in a terrible rush, I would hold out and see what transpires in the next month or so more info there: http://www.ridewithg.com/index.php/2...-october-2011/
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10-24-2011, 08:38 AM	#10
Tim2189 Russian in a Bimmer 568 Rep 5,619 Posts Drives: X5 M50i Join Date: Jul 2008 Location: Brooklyn NY iTrader: (3)	I'm guessing this is a coupe since the msrp seems to be around $44,625 with the options you mentioned.....and they are selling you the car at $44,250? Tell them to talk a walk! That is the worse deal i ever heard of Just for shits and giggles, ill run you some numbers here MSRP - $44,625 Selling - $42,501 ($1K over Invoice) 36 months 10 Miles a year MF - .00195 Res - 64% Florida tax included in your payments With $1,706 at signing (first month, bank and dmv) your at $581.62 a month with $4,855 at signing your at $487.91 a month __________________ 2013 X6 - retired 2015 X6 - retired 2015 435GC - retired 2018 X5 40e - retired 2020 X5 M50i - Current
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10-24-2011, 06:25 PM	#11
jopa489 Major General 122 Rep 6,594 Posts Drives: Anything with Wheels Join Date: Mar 2009 Location: USA iTrader: (9)	I'm not even going to run the numbers on this one either. Don't take this deal. You could be doing MUCH better. __________________ X7 LCI // Incoming C7 ZR1 ZTK // Sebring + TRX // Hydro + Raptor Gen1 Roush // Tuxedo
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10-25-2011, 06:24 PM	#12
b00sted Enlisted Member 6 Rep 44 Posts Drives: '12 E92 328i M-Sport Join Date: May 2011 Location: Miami (Jax Now) iTrader: (0)	Thanks for the input guys, Im going to do the deal with Ryan instead. Btw, this was at Tom bush BMW in Jacksonville, FL.
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