High Mileage Lease...How do my numbers look?

Craigito · 05-23-2007, 10:58 PM

Agreed Price $46423 (ED 335i Coupe-Price plus Aq. fee of 825 and $28DMV fee)
Cap Cost Red -$2146 ($3500 down includes first payment, lic, cap cost red tax, dmv fees)
Adj. Cap Cost $44276
Residual $25036
MF .0026

3 Year/25K/year miles on lease. Payment of $721+$56 tax.

Good, Bad or Ugly? Never leased before but this seems somewhat reasonable reviewing some of the other leases with 15K miles/year leases.

Thanks Guys.

JSpira · 05-23-2007, 11:03 PM

I was not aware BMW FS writes leases for more than 15,000 miles per year.

How are you getting 25,000?

Also, are you putting money down to lower the capitalized cost? If so, that is not wise.

karliejai · 05-23-2007, 11:04 PM

800 a month!!! o.O shouldnt the residual be lower than 25k? idk wat was the residual %?

Craigito · 05-23-2007, 11:06 PM

I just put money down to reduce the monthly payment. Should I have done no money down?

rrandyy · 05-23-2007, 11:10 PM

Everyone says that if you put money down and then total the car all the money you put down is gone. As far as I know, theres no advantage to putting money down. Either you pay them a lump sum and pay less each month to make yourself feel better or you dont pay a lump sum and instead pay more each month.

Craigito · 05-23-2007, 11:15 PM

Quote:

Originally Posted by karliejai

800 a month!!! o.O shouldnt the residual be lower than 25k? idk wat was the residual %?

I think residual works out 55 percent.

stooken · 05-23-2007, 11:35 PM

Residual should be 58% unless it's different for ED. Maybe it's lower because of the 25k miles per year. But seriously, 25k miles per year is a lot.

MF is quite high.

US MSRP on your car is $50,425 so you saved about $4k. Your agreed price is about US invoice.

Craigito · 05-23-2007, 11:55 PM

I just figured if I did a purchase w/ 8800 down I would have roughly the same payment as the lease on a 5 year term based on 6.9%. Thats only 5k more down but I would own the car outright after only two more years and of course no mileage or penalties associated. I might just do that instead. Whadya guys think.

rwalker · 05-24-2007, 12:18 AM

Acquisition fee is $625 from BMWFS, the extra $200 is dealer profit.

This on an E92?!? BMWFS is offering a .00190 MF on the 335i coupes. Anything above that probably goes to the dealer.

I just wrote a 10k/year, 36-month, 64% residual lease for a 335i sedan for $476 a month *including* CA sales tax (agreed price was $41,800, which is $2k over invoice for the car I chose).

You can do a lot better, I think.

-Rob

STE92VE · 05-24-2007, 07:01 AM

Quote:

Originally Posted by Craigito

I just figured if I did a purchase w/ 8800 down I would have roughly the same payment as the lease on a 5 year term based on 6.9%. Thats only 5k more down but I would own the car outright after only two more years and of course no mileage or penalties associated. I might just do that instead. Whadya guys think.

I got killed when I leased with high mileage and they made out when I put low mileage on leased vehicles. Needless to say, I don't lease anymore.

bronco · 05-24-2007, 08:17 AM

DON'T LEASE!!!

bmw0perat0r · 05-24-2007, 08:23 AM

Quote:

Originally Posted by bronco

DON'T LEASE!!!

Leases are throwing money down a hole...though if you buy you probably won't be able to sell for very much after a few years and thus also throwing money down a hole. So...lease or buy its a crap shoot - always depreciates, never get your money back.

Lease or buy, doesn't matter. I don't lease...ever.

One thing i don't like about leasing is that there is a mileage limit. 25k miles per year is close to normal for me.

The lease numbers look to be what i'd expect from a 25k/yr setup.

uberschnell · 05-24-2007, 09:10 AM

I've leased as many cars as I've bought. The only reason for leasing is to get into a new car every so-many years. Otherwise buy.

scrummie2 · 05-24-2007, 09:40 AM

If you come up with 4-5K more for a downpayment over the lease downpayment you could finance the car for that much

ChadE · 05-24-2007, 09:46 AM

Quote:

Originally Posted by stooken

Residual should be 58% unless it's different for ED. Maybe it's lower because of the 25k miles per year. But seriously, 25k miles per year is a lot.

MF is quite high.

US MSRP on your car is $50,425 so you saved about $4k. Your agreed price is about US invoice.

Lol my mom drives 100k a year

stooken · 05-24-2007, 09:57 AM

Quote:

Originally Posted by ChadE

Lol my mom drives 100k a year

It's probably part of her job?

I commute everyday to work about 20-25 miles both ways and drive everywhere on weekends, I still end up around the 15k mark.

AndreyATC · 05-24-2007, 09:59 AM

Quote:

Originally Posted by bmw0perat0r

Leases are throwing money down a hole...though if you buy you probably won't be able to sell for very much after a few years and thus also throwing money down a hole. So...lease or buy its a crap shoot - always depreciates, never get your money back.

Lease or buy, doesn't matter. I don't lease...ever.

One thing i don't like about leasing is that there is a mileage limit. 25k miles per year is close to normal for me.

The lease numbers look to be what i'd expect from a 25k/yr setup.

Lease is good (you lose less money) if you own business and MF is low, otherwise it comes out almost the same

montreal_bimmer · 05-24-2007, 10:04 AM

wow.... 800usd/month is pretty steep.....

mind you it is a 335 coupe....

HyperM3 · 05-24-2007, 10:22 AM

Do you REALLY need 25k/year? I dont know if you are aware, but BMW allows you the option of purchasing more miles during your lease at anytime up to 6 months before lease end. Why dont you get a 10k/yr lease(cheapest option) and just buy miles when you feel you need them(this is what Im doing). This way you arent paying for miles you might never use. You still have the option of purchasing the vehicle at the end if you want to keep it.

AndreyATC · 05-24-2007, 10:28 AM

Anyone got decent deal on 50K MSRP car?
I'm ready to order, but based on options my car is about 52K MSRP
ED price is about 46K
So it came to to $720/mo for 36m, 12K, ED
Anyone paying less for 52K car?

p.s. sorry for highjacking

gos · 05-24-2007, 10:57 AM

I think you're gonna get slaughtered with a high mileage lease.

My monthly payment on a 330xi purchase is only a bit above yours, 60-month term, but I'll own the car.

Also, that ED price seems high unless you have every single option including the radar cruise...

theroyalwe · 05-24-2007, 11:04 AM

you will certainly get popped for the high mileage. you could try doing a lease for 15k and then buy an additional 30,000 miles at .15 (at the end it is .2) If you did that, you can figure on the mileage being around 125/month additional on the 15k lease. The nice thing about this way is if you buy additional miles mid-lease they will actually buy any unused miles back at the end (down to 15k/yr).

05-23-2007, 10:58 PM	#1
Craigito Captain 128 Rep 837 Posts Drives: 16' F82 M4 Join Date: Nov 2006 Location: SoCal iTrader: (0) Garage List 2020 BMW M4 [10.00]	High Mileage Lease...How do my numbers look? Agreed Price $46423 (ED 335i Coupe-Price plus Aq. fee of 825 and $28DMV fee) Cap Cost Red -$2146 ($3500 down includes first payment, lic, cap cost red tax, dmv fees) Adj. Cap Cost $44276 Residual $25036 MF .0026 3 Year/25K/year miles on lease. Payment of $721+$56 tax. Good, Bad or Ugly? Never leased before but this seems somewhat reasonable reviewing some of the other leases with 15K miles/year leases. Thanks Guys. __________________ *Current Ride* 2020 M4 Competition/ Alpine White / DCT/ Full Black Leather / 19in Gunmetal / Executive /LED/Ohlinds RT/SSR DP-CP-Intake/AP Essex 9668/Bootmod STG 2/ VRSF DP
	Appreciate 0 Tweet Quote

05-23-2007, 11:03 PM	#2
JSpira Freude am Fahren 338 Rep 5,254 Posts Drives: Fünfer, Dreier, + Join Date: Aug 2005 Location: New York, München, Wien iTrader: (1)	I was not aware BMW FS writes leases for more than 15,000 miles per year. How are you getting 25,000? Also, are you putting money down to lower the capitalized cost? If so, that is not wise. __________________ Freude am Fahren. Jonathan E90 2006 330xi E90 2006 325i E39 2003 530i Sport* E46 2000 328Ci* E36 1996 328iS* E36 1992 325i* E30 1991 318is E21 1982 320iS* E21 1979 320 (6-Zyl)* *retired Nominated: Most Contributing Member
	Appreciate 0 Quote

05-23-2007, 11:04 PM	#3
karliejai Da Kid 121 Rep 4,576 Posts Drives: JetBlack e90 335i Join Date: Mar 2007 Location: USA iTrader: (4)	800 a month!!! o.O shouldnt the residual be lower than 25k? idk wat was the residual %? __________________ MODS: OEM Front Splitter \| ACS Roof Spoiler \| OEM Trunk Spoiler \| Matt Black Front Grill \| Black Shadowline Window Trim \| Painted Front Lower Rod \| Blacklines \| JDM Yellow Fogs \| Custom Silver CF Headlights with LUX 4.0 \| Eisenhaus Sports Exhaust
	Appreciate 0 Quote

05-23-2007, 11:06 PM	#4
Craigito Captain 128 Rep 837 Posts Drives: 16' F82 M4 Join Date: Nov 2006 Location: SoCal iTrader: (0) Garage List 2020 BMW M4 [10.00]	I just put money down to reduce the monthly payment. Should I have done no money down? __________________ *Current Ride* 2020 M4 Competition/ Alpine White / DCT/ Full Black Leather / 19in Gunmetal / Executive /LED/Ohlinds RT/SSR DP-CP-Intake/AP Essex 9668/Bootmod STG 2/ VRSF DP
	Appreciate 0 Quote

05-23-2007, 11:10 PM	#5
rrandyy Captain 31 Rep 799 Posts Drives: E92 328 Join Date: Sep 2006 Location: California iTrader: (0)	Everyone says that if you put money down and then total the car all the money you put down is gone. As far as I know, theres no advantage to putting money down. Either you pay them a lump sum and pay less each month to make yourself feel better or you dont pay a lump sum and instead pay more each month.
	Appreciate 0 Quote

05-23-2007, 11:35 PM	#7
stooken Brigadier General 184 Rep 4,244 Posts Drives: E70 X5 Join Date: Apr 2007 Location: NOR*CAL iTrader: (2)	Residual should be 58% unless it's different for ED. Maybe it's lower because of the 25k miles per year. But seriously, 25k miles per year is a lot. MF is quite high. US MSRP on your car is $50,425 so you saved about $4k. Your agreed price is about US invoice. __________________ 2010 E92 BSM 335i \| M-Sport \| ST Coils \| Linea Corse Lemans \| Cobb AP \| BMS DCI \| Cyba Tips
	Appreciate 0 Quote

05-23-2007, 11:55 PM	#8
Craigito Captain 128 Rep 837 Posts Drives: 16' F82 M4 Join Date: Nov 2006 Location: SoCal iTrader: (0) Garage List 2020 BMW M4 [10.00]	I just figured if I did a purchase w/ 8800 down I would have roughly the same payment as the lease on a 5 year term based on 6.9%. Thats only 5k more down but I would own the car outright after only two more years and of course no mileage or penalties associated. I might just do that instead. Whadya guys think. __________________ *Current Ride* 2020 M4 Competition/ Alpine White / DCT/ Full Black Leather / 19in Gunmetal / Executive /LED/Ohlinds RT/SSR DP-CP-Intake/AP Essex 9668/Bootmod STG 2/ VRSF DP
	Appreciate 0 Quote

05-24-2007, 12:18 AM	#9
rwalker Major 330 Rep 1,084 Posts Drives: the wheels off Join Date: Nov 2006 Location: San Diego, CA iTrader: (1)	mf, acquisition fee Acquisition fee is $625 from BMWFS, the extra $200 is dealer profit. This on an E92?!? BMWFS is offering a .00190 MF on the 335i coupes. Anything above that probably goes to the dealer. I just wrote a 10k/year, 36-month, 64% residual lease for a 335i sedan for $476 a month including CA sales tax (agreed price was $41,800, which is $2k over invoice for the car I chose). You can do a lot better, I think. -Rob __________________ rwalker@rwalker.com (I really dislike Private Messaging) Last edited by rwalker; 05-24-2007 at 12:54 AM..
	Appreciate 0 Quote

05-24-2007, 08:17 AM	#11
bronco Colonel 76 Rep 2,104 Posts Drives: e92 Join Date: Nov 2006 Location: Atlanta iTrader: (0)	DON'T LEASE!!! __________________ SaaS - The world of tomorrow is already here...www.saaschronicles.com
	Appreciate 0 Quote

05-24-2007, 09:10 AM	#13
uberschnell Brigadier General 675 Rep 4,080 Posts Drives: Wide Body 1 Join Date: Mar 2007 Location: Bay Area iTrader: (48)	I've leased as many cars as I've bought. The only reason for leasing is to get into a new car every so-many years. Otherwise buy.
	Appreciate 0 Quote

05-24-2007, 09:40 AM	#14
scrummie2 Vagabond 6 Rep 141 Posts Drives: 2014 X6M Join Date: May 2007 Location: Northern VA iTrader: (0) Garage List 2009 BMW M3 [0.00] 2000 328Ci Dinan 3 [0.00]	If you come up with 4-5K more for a downpayment over the lease downpayment you could finance the car for that much __________________ Coming soon
	Appreciate 0 Quote

05-24-2007, 10:04 AM	#18
montreal_bimmer OEMconcept 174 Rep 5,593 Posts Drives: BMW Join Date: Feb 2006 Location: Canada \| USA iTrader: (6) Garage List 2006 325i [10.00]	wow.... 800usd/month is pretty steep..... mind you it is a 335 coupe....
	Appreciate 0 Quote

05-24-2007, 10:22 AM	#19
HyperM3 Too many Alex's, from now on, call me Beaufort 342 Rep 6,188 Posts Drives: See Sig Join Date: Feb 2007 Location: Lawrenceville, NJ iTrader: (8)	Do you REALLY need 25k/year? I dont know if you are aware, but BMW allows you the option of purchasing more miles during your lease at anytime up to 6 months before lease end. Why dont you get a 10k/yr lease(cheapest option) and just buy miles when you feel you need them(this is what Im doing). This way you arent paying for miles you might never use. You still have the option of purchasing the vehicle at the end if you want to keep it. __________________ 13 HD FatBob 17 A4 Glacier/Black 1st Edition/Pre+/Sport/EurocodeTMD/Racechip 16 S6 (gone),14 S6 (gone),14 S6 (gone),13 S6 (gone),10 S4 (gone) 07 335i(gone)
	Appreciate 0 Quote

05-24-2007, 10:28 AM	#20
AndreyATC Banned 99 Rep 1,828 Posts Drives: 2016 Tesla Model X P90DL Join Date: Oct 2006 Location: Near NYC iTrader: (2) Garage List 2016 Tesla Model X [0.00] 2015 Tesla Model S ... [9.00]	Anyone got decent deal on 50K MSRP car? I'm ready to order, but based on options my car is about 52K MSRP ED price is about 46K So it came to to $720/mo for 36m, 12K, ED Anyone paying less for 52K car? p.s. sorry for highjacking
	Appreciate 0 Quote

05-24-2007, 10:57 AM	#21
gos Captain 27 Rep 959 Posts Drives: E90 330xi Join Date: Jan 2006 Location: Colorado iTrader: (0)	I think you're gonna get slaughtered with a high mileage lease. My monthly payment on a 330xi purchase is only a bit above yours, 60-month term, but I'll own the car. Also, that ED price seems high unless you have every single option including the radar cruise... __________________ -- 330xi SG/Terra/Burl -- ZPP, ZSP, ZCW, CA, Sirius, PDC
	Appreciate 0 Quote

05-24-2007, 11:04 AM	#22
theroyalwe BMW CA 5 Rep 304 Posts Drives: MINI, all BMW's Join Date: Feb 2007 Location: SE PA iTrader: (0)	you will certainly get popped for the high mileage. you could try doing a lease for 15k and then buy an additional 30,000 miles at .15 (at the end it is .2) If you did that, you can figure on the mileage being around 125/month additional on the 15k lease. The nice thing about this way is if you buy additional miles mid-lease they will actually buy any unused miles back at the end (down to 15k/yr). __________________
	Appreciate 0 Quote