January Lease Residual/Money Factor

dconn · 01-06-2009, 02:22 AM

I thought I was getting close to finalizing the purchase for my car until I was given the new rates for January. According to the dealer I have been working with, the residual for the 2009 128 Coupe (24 months, 15,000 miles) has gone from 72% to 67%. This is an increase in monthly payments of almost $100 all other inputs the same. Anyone have any info on this? With my credit score of 820+ I'm getting a money factor of .00315. Any input is appreciated.

Brandon26pdx · 01-06-2009, 11:47 AM

Thank the economy for that one. Used car values are in the toilet, which will effect residuals on new leases. It might not be a great time to lease a car IMO.

Noize · 01-06-2009, 11:58 AM

Early estimates say resale on these cars is not too hot. I hope its just a factor of the economy that everyone is facing, but I feel as if I'm married to it for awhile.

dconn · 01-06-2009, 03:07 PM

Yeah, this purchase is going on hold probably for awhile. The difference in monthly payments is absurd. I could purchase the car for ~$200 less a month.

SKooT1027 · 01-06-2009, 03:15 PM

Yeah i just rechecked lease numbers, and it looks to be starting around $750/mo for what I wanted. I'd rather buy a 3yr old car for lower payments

I was really starting to like the 1 series too. My local dealers dont seem to have much left of 08 stock. Most has options I dont want and colors I dont like

01-06-2009, 02:22 AM	#1
dconn Private 10 Rep 94 Posts Drives: 2020 BMW M340i Sedan Join Date: Dec 2008 Location: Inverness, FL iTrader: (0)	January Lease Residual/Money Factor I thought I was getting close to finalizing the purchase for my car until I was given the new rates for January. According to the dealer I have been working with, the residual for the 2009 128 Coupe (24 months, 15,000 miles) has gone from 72% to 67%. This is an increase in monthly payments of almost $100 all other inputs the same. Anyone have any info on this? With my credit score of 820+ I'm getting a money factor of .00315. Any input is appreciated.
	Appreciate 0 Tweet Quote

01-06-2009, 11:47 AM	#2
Brandon26pdx Lieutenant Colonel 28 Rep 1,938 Posts Drives: 2011 135i Join Date: Oct 2007 Location: Portland, OR iTrader: (1)	Thank the economy for that one. Used car values are in the toilet, which will effect residuals on new leases. It might not be a great time to lease a car IMO.
	Appreciate 0 Quote

01-06-2009, 11:58 AM	#3
Noize Under the radar 41 Rep 840 Posts Drives: FWD in reverse Join Date: Jan 2007 Location: In traffic at idle iTrader: (1)	Early estimates say resale on these cars is not too hot. I hope its just a factor of the economy that everyone is facing, but I feel as if I'm married to it for awhile.
	Appreciate 0 Quote

01-06-2009, 03:07 PM	#4
dconn Private 10 Rep 94 Posts Drives: 2020 BMW M340i Sedan Join Date: Dec 2008 Location: Inverness, FL iTrader: (0)	Yeah, this purchase is going on hold probably for awhile. The difference in monthly payments is absurd. I could purchase the car for ~$200 less a month.
	Appreciate 0 Quote

01-06-2009, 03:15 PM	#5
SKooT1027 New Member 2 Rep 28 Posts Drives: Join Date: Dec 2008 iTrader: (0)	Yeah i just rechecked lease numbers, and it looks to be starting around $750/mo for what I wanted. I'd rather buy a 3yr old car for lower payments I was really starting to like the 1 series too. My local dealers dont seem to have much left of 08 stock. Most has options I dont want and colors I dont like
	Appreciate 0 Quote