Quote:
Originally Posted by Charleston335
So was looking to get into something newer before my warrenty ends on my 2007 335i and the dealer has this 2012 white 135i with M package, navi, harmon kardon ect. Would you guys consider this a girly car? MSRP for it is 52K and they got it around 43K with lease payments of $496 a month close to what i pay for my 335. They are giving me 20K for my 335i sedan which has 53K miles on it, every option, CPO warranty, tire and wheel pkg, etc. Guys think its a good deal?
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That's an excellent discount.
But, the monthly payment seems kinda high to me.
I just configured a 2012 135i Msport with an MSRP of $50,970.
Selling price around $47,000, which is a good bit more than the price they're giving you.
Using current lease rates, .00190 money factor, 65% for 10K/yr, 7% sales tax only on the monthly payment, and all other fees paid up front, $0 down, monthly is $575.
In my state we don't pay sales tax on the selling price up front, we pay only on the monthly payment.
In states where you have to pay sales tax on the whole selling amount, most people roll that tax into the lease.
Is that what you did?
Also, the only way to know if the lease is good, please give your lease
MF-money factor, and residual.
Right now BMW is .00190 for 2012 1's, and 65% res for 10K,
64% fro 12K, 62% for 15K.
What numbers are you using?
Don't forget, you can put down multiple deposits to bring the MF down.
At .0019, the interest rate is high, it's 4.56%.
Each extra deposit brings the MF down by .00007. You can do a max of 7 deposits to bring the MF down by .00049.
Then the MF is .00141.
In my example, the monthly falls to $533 per month.
The savings over 3 years is pretty good. You'd have to do better than a 10% return on investment to use that money for something else.
In my case, my extra deposits would be about $3800. But, that money is just part of my savings gaining only about 1%. With multiple deposits I actually gain more money by saving on the monthly.
How much?
.0019 is $575 per month x 36 = $20,700
.00141 $533 per month x 36 = $19,188
20700 - 19188 = $1512 save/gained over 36 months.
I configured a 135i vert Msport to around $52,120.
Let's use the selling price of $43,000, per your offer.
36 months, 12K miles per/yr, MF .00190, 64% residual.
I'll use my states 7% tax only on the monthly payment.
Monthly payment would be $441.85!
That's a screaming deal for a 135i Msport! Heck, I'd take that if my dealer had it.
Your $496 monthly sounds high to me given such a great discount.
The monthly for 15K miles per year, puts the residual at 62%.
Using that figure the monthly would be $470.73, still less that what they quoted.
I suggest that you do NOT roll anything into your lease, as the interest rate is too high. Even with multiple deposits the interest rate is 3.38%.
Pay any taxes, acquisition fee if there is one, doc fee, etc... up front.
That way you're not paying interest on taxes or fees. And, it keeps the lease much cleaner. Given the rates BMW is offering, you should be able to get 12K per year for about $442 per month on a VERY sweet ride.
Even for 15K per year your monthly should be about $471.
If you have very good to great credit you should be able to get the lease numbers I gave you, easily. Demand them, don't let them if you have excellent credit rating.
If you want the website for the lease info PM me and I'll gladly give it to you, and if your dealer asks you can show it to them.
Happy shopping for your "girly" vert with 300hp/300lb ft of power.
