[wwood_98]

(I posted part of this as a response to a thread on another website's forum)

So 5 days ago I signed a lease deal for an e93 335i. We (of course) had ordered at least a couple months ago and agreed to pay MSRP. I did not negotiate a lease deal ahead of time (what a bad idea, in retrospect) because I thought the lead time of two months would be too long to do it like that. We have a tiered system here, and even with the best money factor (credit score >700, "Elite status") our money factor was .0044. (See this thread on Bimmerfest for June rates: http://www.bimmerfest.com/forums/showthread.php?t=210748)

2007 BMW 335i Convertible
24 Month – Residual 69% of MSRP – .00320 Base Rate
36 Month – Residual 59% of MSRP – .00320 Base Rate
48 Month – Residual 46% of MSRP – .00320 Base Rate
60 Month – Residual 37% of MSRP – .00320 Base Rate

I understand individual dealers can use a higher rate, but this seems excessive to me. . But maybe I am just ignorant here. Of note, we leased our previous BMW from the same dealer. The financial manager says she has never used anyone other than BMWFS.

Additionally, the financial manager at my dealer is skeptical that the base rate of .0032 that I quoted is even accurate. Who has advice on how I can find out why I was charged a MF of .0044? And is there any way to influence these people to re-do my contract? Am I complaining inappropriately?

[OC Guy]

It sounds like they marked up the MF alright. The finance manager should know the rates, since they are straight from BMWFS. If they have any questions about it, tell them to call. I hope it's not too late, but the rate seems marked up. Of course, each region can be different, but .0044 seems a bit high considering you have leased with BMW before. I would tell them that you have leased before and feel you should have a better rate if they want you as a customer in the future.

Next time, I would try internet shopping, as it allows you pressure free shopping to find the best rates.

[amg_power2000]

whats your total breakdown of payments? I WAS QUOTED 1044 ALL IN

[wwood_98]

Originally Posted by amg_power2000

whats your total breakdown of payments? I WAS QUOTED 1044 ALL IN

1097 per month incl taxes, MSRP was 58325.

Lease compare's first two prices are 988 and 989 with MF of .00275 and .00251 (not incl tax).

Seems like a signif difference since that comes out to maybe $3600 over the term of the lease.

[trick50]

Originally Posted by wwood_98

1097 per month incl taxes, MSRP was 58325.

Lease compare's first two prices are 988 and 989 with MF of .00275 and .00251 (not incl tax).

Seems like a signif difference since that comes out to maybe $3600 over the term of the lease.

That is just f'ing nutz...1100 a month for a 3 series...I love the car don't get me wrong, I am sure I will get flamed for this one, but I had no idea they were leasing out that high.

My boy just got a deal on a 2007 Mercedes E63 for 1100 a month with 1200 due at signing. Thats a $100k car though.

Damn....

Ok...as far as your lease is concerned..they are totally f'ing you on the MF because they know it is a hto car and if you don't take it someone else will...I would just tell him that you have a friend who works for BMWFS and he gave you the rates and residuals. You are paying sticker, they should at least be willing to give you the base rate.

I leased my 335i blind there were no rates when I ordered my car, I basically negotiated my sales price, and when the rates came in my dealer did not mark me up, I got base.

You are out of your mind if you pay that rate.

[Cabby]

That's ridiculous... BMWFS is not supposed to even allow a loan to go through that is marked up more than .0004, which still doesnt even put you close to .0044. If you are a first time BMWFS customer and waive the security deposit, they can mark it up an additional .00015, and even still you would only be at .00375 with the largest possible markup (which is a rip off in itself).

[DrDomer]

Lease for a $46000 335i was around $740... Seems high for a $57000 3-series...

[itsbrokeagain]

1097 huh....

I'll shed some light on it. At OUR dealership, for another $100 a month, you could have an M5.

Put things into perspective?

[toofasttooslow]

If you have good credit why not go online and get a loan from eloan or capital one? They're having good rate specials. I got a loan for 50g @ 6.59% APR, no hidden fees or anything. I was originally going to lease, but with 0 down the payments are like $850 a month (72 mo)on as 52k car. At $65,000 (purchase price plus 7.5%tax +licensing) your payments over 72 at 6.59% would be like $1083/mo. It might be worth it to just apply and walk in there and see if they will negotiate the mf more than what they are willing to do.

[MoreCowbell]

Originally Posted by itsbrokeagain

1097 huh....

I'll shed some light on it. At OUR dealership, for another $100 a month, you could have an M5.

Put things into perspective?

Who is in your avatar?

[nimamilani]

wholly shit, 3 series for that much?
my uncle was about to sign a lease 3 years for a 650i convertible for 1350

[shocka1212]

whats the buy-out price at the end of the lease considering your extremely high payments?

[shocka1212]

Originally Posted by DrDomer

Lease for a $46000 335i was around $740... Seems high for a $57000 3-series...

and even that is very high. you can get a 335i with that msrp for about 550-590 a month.

[BK]

Originally Posted by gum5h03

If you have good credit why not go online and get a loan from eloan or capital one? They're having good rate specials. I got a loan for 50g @ 6.59% APR, no hidden fees or anything.

I haven't been paying attention lately, but 6.59% is good now? Glad I bought when I did -- I bought another car at the same time as my 330i last year, and the loans on the cars are 3.9% (bank) and 2.9% (Honda finance, a promotional rate). Killer rates but they're both just 36 month loans, and I'm sure that makes a difference.

Seriously, $1000+ for a 3er is like a payment on financing rather than a lease.

[E90Russ]

Originally Posted by wwood_98

(I posted part of this as a response to a thread on another website's forum)

So 5 days ago I signed a lease deal for an e93 335i. We (of course) had ordered at least a couple months ago and agreed to pay MSRP. I did not negotiate a lease deal ahead of time (what a bad idea, in retrospect) because I thought the lead time of two months would be too long to do it like that. We have a tiered system here, and even with the best money factor (credit score >700, "Elite status") our money factor was .0044. (See this thread on Bimmerfest for June rates: http://www.bimmerfest.com/forums/showthread.php?t=210748)

2007 BMW 335i Convertible
24 Month – Residual 69% of MSRP – .00320 Base Rate
36 Month – Residual 59% of MSRP – .00320 Base Rate
48 Month – Residual 46% of MSRP – .00320 Base Rate
60 Month – Residual 37% of MSRP – .00320 Base Rate

I understand individual dealers can use a higher rate, but this seems excessive to me. . But maybe I am just ignorant here. Of note, we leased our previous BMW from the same dealer. The financial manager says she has never used anyone other than BMWFS.

Additionally, the financial manager at my dealer is skeptical that the base rate of .0032 that I quoted is even accurate. Who has advice on how I can find out why I was charged a MF of .0044? And is there any way to influence these people to re-do my contract? Am I complaining inappropriately?

A contract is a contract is a contract. I'd be extremely surprised if they bent to your complaints.

[toofasttooslow]

Originally Posted by wwood_98

(I posted part of this as a response to a thread on another website's forum)

So 5 days ago I signed a lease deal for an e93 335i. We (of course) had ordered at least a couple months ago and agreed to pay MSRP. I did not negotiate a lease deal ahead of time (what a bad idea, in retrospect) because I thought the lead time of two months would be too long to do it like that. We have a tiered system here, and even with the best money factor (credit score >700, "Elite status") our money factor was .0044. (See this thread on Bimmerfest for June rates: http://www.bimmerfest.com/forums/showthread.php?t=210748)

2007 BMW 335i Convertible
24 Month – Residual 69% of MSRP – .00320 Base Rate
36 Month – Residual 59% of MSRP – .00320 Base Rate
48 Month – Residual 46% of MSRP – .00320 Base Rate
60 Month – Residual 37% of MSRP – .00320 Base Rate

I understand individual dealers can use a higher rate, but this seems excessive to me. . But maybe I am just ignorant here. Of note, we leased our previous BMW from the same dealer. The financial manager says she has never used anyone other than BMWFS.

Additionally, the financial manager at my dealer is skeptical that the base rate of .0032 that I quoted is even accurate. Who has advice on how I can find out why I was charged a MF of .0044? And is there any way to influence these people to re-do my contract? Am I complaining inappropriately?

I need to read more carefully. I didn't see that you had already sealed the deal. I don't think you can re-arrange the lease legally unless you can prove they took inappropriate actions, fraud, etc. You can try writing a letter to BMWFS and BMW corporate and request an explanation of lease terms and mf markups. CC the dealership manager and Financial manager in the letter.

Just out of curiousity, why did you sign the lease at those crazy numbers? Didn't the little voice in your head tell you there was something wrong?

[clc5174]

Originally Posted by wwood_98

(I posted part of this as a response to a thread on another website's forum)

So 5 days ago I signed a lease deal for an e93 335i. We (of course) had ordered at least a couple months ago and agreed to pay MSRP. I did not negotiate a lease deal ahead of time (what a bad idea, in retrospect) because I thought the lead time of two months would be too long to do it like that. We have a tiered system here, and even with the best money factor (credit score >700, "Elite status") our money factor was .0044. (See this thread on Bimmerfest for June rates: http://www.bimmerfest.com/forums/showthread.php?t=210748)

2007 BMW 335i Convertible
24 Month – Residual 69% of MSRP – .00320 Base Rate
36 Month – Residual 59% of MSRP – .00320 Base Rate
48 Month – Residual 46% of MSRP – .00320 Base Rate
60 Month – Residual 37% of MSRP – .00320 Base Rate

I understand individual dealers can use a higher rate, but this seems excessive to me. . But maybe I am just ignorant here. Of note, we leased our previous BMW from the same dealer. The financial manager says she has never used anyone other than BMWFS.

Additionally, the financial manager at my dealer is skeptical that the base rate of .0032 that I quoted is even accurate. Who has advice on how I can find out why I was charged a MF of .0044? And is there any way to influence these people to re-do my contract? Am I complaining inappropriately?

Refinance your lease with Leasecompare.com. I just did at a significant savings over BMWFS payments. As soon as you get your BMWFS account number, contact Leasecompare and they'll get the rest done for you. You won't even have to make a second payment to BMWFS. Leasecompare is AWESOME!

[ska///235i]

I'll shop around....
And do you consider leasing by European delivery?

my cousin just got a lease deal on a 335 coupe, $3500 up front, 3yr for $540 per month by ED


$1097.....dawm

[F2006]

Originally Posted by wwood_98

(I posted part of this as a response to a thread on another website's forum)

So 5 days ago I signed a lease deal for an e93 335i. We (of course) had ordered at least a couple months ago and agreed to pay MSRP. I did not negotiate a lease deal ahead of time (what a bad idea, in retrospect) because I thought the lead time of two months would be too long to do it like that. We have a tiered system here, and even with the best money factor (credit score >700, "Elite status") our money factor was .0044. (See this thread on Bimmerfest for June rates: http://www.bimmerfest.com/forums/showthread.php?t=210748)

2007 BMW 335i Convertible
24 Month – Residual 69% of MSRP – .00320 Base Rate
36 Month – Residual 59% of MSRP – .00320 Base Rate
48 Month – Residual 46% of MSRP – .00320 Base Rate
60 Month – Residual 37% of MSRP – .00320 Base Rate

I understand individual dealers can use a higher rate, but this seems excessive to me. . But maybe I am just ignorant here. Of note, we leased our previous BMW from the same dealer. The financial manager says she has never used anyone other than BMWFS.

Additionally, the financial manager at my dealer is skeptical that the base rate of .0032 that I quoted is even accurate. Who has advice on how I can find out why I was charged a MF of .0044? And is there any way to influence these people to re-do my contract? Am I complaining inappropriately?

For $ 1097 a month, with a 6.34% interest rate (current rate with Costco) over 72 months, you could finance a loan of $ 65,555. With 5.80% over 60 months you could finance $ 57,016.

The bottom line is that you are leasing with a payment that would allow you buying that car, which is not a good thing.

Since you already took delivery, why don't you log on the BMW Financial web site and check what your payoff would be? You might be better off buying the car and financing it over 5 or 6 years. If you like the car and are willing to keep it for some time it might be your safest bet.

[LEDZEP]

Wow. For that kind of payment I'd be driving an M6.

[siriusinvestor]

Originally Posted by LEDZEP

Wow. For that kind of payment I'd be driving an M6.

+1

[gonzo]

$47,000. 30 month. 15K miles. 1st payment at signing. $670.
Some one is counting the commision on your deal already.
You are not complaining. Demand is high for the car but your not!