|
|
|
|
|
|
BMW Garage | BMW Meets | Register | Today's Posts | Search |
|
BMW 3-Series (E90 E92) Forum
>
E90 330xi Lease Payments
|
|
01-29-2006, 12:27 PM | #1 |
Registered
1
Rep 4
Posts |
E90 330xi Lease Payments
What is a good lease payment for a E90 330xi with the following options:
Premium Package Sport Package 6 Speed Nav Heated Seats Comfort Access Metallic Paint Destination MSRP $45770. 15k/36 month. I was quoted $660 w/out tax with $1600 down. What do you think? |
01-29-2006, 12:31 PM | #2 |
Captain
12
Rep 715
Posts |
Do a search on lease payment calcuations on this board. There is a TON of information!!!!
There are so many factors involved that you have not given anywhere near enough information to figure it out.
__________________
E46 325xi Oxford Green/Sand Leatherette/Myrtle Wood Auto ZCW - Retired
E90 330xi Mystic Blue/Black Leather/Aluminum 6sp Manual ZSP/ZPP/ZCW/CA - Retired F22 M235i Mineral Gray/Red Leather/Aluminum 6sp Manual ZPP/ZTP |
Appreciate
0
|
01-29-2006, 01:08 PM | #3 |
Major
308
Rep 1,128
Posts |
You are approaching this in the worst way possible for your personal finances.
Here is the best approach. Always negotiate the price of the car first. Then negotiate the lease deal deal. Always check the dealers lease math using Lease Wizard or the lease calcualtor on Edmunds.com On Roadfly there is a finance forum. Do a search. Look for BMW "buy rates" posted by Tarry the first week of each month. Your goal is to get the "buy rate" without mark up. My son leased a BMW 330 and did Euro Delivery. His MSRP was $45k. He put down $4,500 of which he gets $500 back from BMW CCA. He lives in LA. His monthly payments with sales tax and fees are $420 for 3 years 36,000 miles as I recall. With leasing it is critical to do your homework. Dealers routinely hose down those that only look at the monthly payment.
__________________
23 Audi Q4 e-tron; 23 i4 M50 on order
14 X3 Retired: 20 Tesla Model 3 LR AWD; 17 540i x; 14 550i Euro Del; 11 550i Euro Del; 08 550i Euro Del; 06 330i Euro Del; 04 545i Euro Del; 01 530i Euro Del |
Appreciate
0
|
01-29-2006, 01:27 PM | #4 | |
Lieutenant
13
Rep 407
Posts |
Quote:
|
|
Appreciate
0
|
01-29-2006, 01:47 PM | #5 |
Guest
0
Rep n/a
Posts
Drives:
|
IMO,if your monthly lease payment is going to be over $500,You better off buying it.I would lease only if I'm getting a hell of a deal from the manufacturer.BMW makes a lot of money off leasing,the resale value being high.I remenber when I had my E46,I'd check my dealer lot, some of them certified E46's with over 20k were up there in price close to new car prices.That's also why BMW resale is so high because BMW demands a high price for its out of lease cars.
I'm speculating. |
Appreciate
0
|
01-29-2006, 02:08 PM | #6 |
Lieutenant
13
Rep 407
Posts |
If the lease price is $500, I would guarantee that the buy price would be significantly higher - maybe out of the "affordable range". Anyway, when you lease, the higher the residual value the lower the monthly lease payments. If the dealer buys your leased car at term and has to sell it at a high price in order to make a "reasonable" profit because of the high residual value that they had to pay to buy your vehicle, that only means that your lease payments were lower than they would have been if the residual value at term was lower.
|
Appreciate
0
|
01-29-2006, 04:37 PM | #7 | |
Colonel
193
Rep 2,485
Posts |
Quote:
Keep in mind that a high residual is great for people leasing. It reduces the depreciation that you would have to pay. My wife gets a car allowance. She can either finance a Chevy Malibu or lease a 330 with all the trimmings (and in 3 years, turn it in and get another). What would you do?
__________________
2006 E90 330i (retired)
2009 E90 335i (retired) 2012 E70 X5 50i M Sport (retired) 2016 F10 535i M Sport |
|
Appreciate
0
|
02-03-2006, 03:21 AM | #9 | |
Guest
0
Rep n/a
Posts
Drives:
|
Quote:
say you put $4000 down on a $35000 BMW,your payements will be around $620,after 4 years you want to trade for another BMW You get $18000 for your car and you still owe about $6200.your allowance into the new car is about $12000.The second ,third time and so on ,the deal will keep getting better because you're building your equity.It's not unusual to keep a BMW for 4 years. Besides to paraphrase our great President Bush,"This is an ownership society" |
|
Appreciate
0
|
02-03-2006, 06:34 AM | #10 |
Colonel
193
Rep 2,485
Posts |
Fine. You buy. My secondary car is always leased. All others are bought used - usually after 2 model years. Without getting into another buy vs lease thread, I would simply say that buying a depreciating asset to 'build equity' is shortsighted.
If you want to buy the car and keep it for 10 years, fine but we rotate our cars every 3,4,5 years. Have never kept a car longer than 5 years since 1986. Enjoy building that equity. If you keep buying BWMs in the manner you state, you can eventually stop work forever and pay for your kid's college.
__________________
2006 E90 330i (retired)
2009 E90 335i (retired) 2012 E70 X5 50i M Sport (retired) 2016 F10 535i M Sport |
Appreciate
0
|
02-04-2006, 11:33 AM | #11 | |
Lieutenant
13
Rep 407
Posts |
Quote:
|
|
Appreciate
0
|
02-04-2006, 11:53 AM | #12 | |
Lieutenant
13
Rep 407
Posts |
Quote:
If you plan to keep a car for less than 5 years, leasing IMO is the better way to go. It may cost $1-2K more to lease over a 3/4 yr period vs buying, but the convenience of leasing is well worth the extra $20-40/mo. (sometimes, it is less expensive to lease over a 3/4 yr period than to buy). To each his own. |
|
Appreciate
0
|
02-05-2006, 12:12 AM | #13 |
What you know about the twins?
20
Rep 989
Posts |
I actually went this last weekend to try and trade in my E46 on a lease for another 325i with ZPP, ZSP Xenon and Auto.
They wanted $3500 down. $750 for 36 months. My credit is above 760. They didn't ask me if I wanted to run my credit, which was good, that would have been a waste of an inquiry. They applied a $5400 dollar negative to the new 325. My current E46 looks better than any 2003 out there. I only have 15k miles on it for godsake. It has ZPP, ZSP, Xenon and 5-Speed manual. It is black on black and the paint is immaculate. I got up and left. I said, "Ok. That is ridiculous." I gotta keep shopping around. |
Appreciate
0
|
02-05-2006, 08:43 AM | #14 |
Colonel
193
Rep 2,485
Posts |
I can't blame them for doing so, but dealers love uninformed people (and I'm not saying that you are one BTW) walking into dealerships saying"I want to lease". I'm sure it makes their day.
Mind you, the $5400 neg would push the payments up a lot since you are now adding probably $160-$180 per month to the payment. Plug your numbers into a lease calculator and see what you come up with. MF on a 325 is 0.00250 and the residual is 62/64/65% for 15/12/10K miles.
__________________
2006 E90 330i (retired)
2009 E90 335i (retired) 2012 E70 X5 50i M Sport (retired) 2016 F10 535i M Sport |
Appreciate
0
|
02-05-2006, 11:18 AM | #15 |
Registered
1
Rep 4
Posts |
Where do i find the money factor and residual for 330xi 15K/36?? What other info do I need to plug into a lease calculator? Where do I find a lease calculator? Thanks
|
Appreciate
0
|
02-05-2006, 11:55 AM | #16 | |
New Member
0
Rep 24
Posts |
Quote:
Here's the calculator http://www.e90post.com/forums/showthread.php?t=10316 January numbers are here http://forums.roadfly.com/forums/fin...7367284-1.html Hope this helps Kim |
|
Appreciate
0
|
Bookmarks |
|
|